Pricing Log in Create free account
Friday 6 November 2026 Export OCSL’s income statement to Excel — free account

Oaktree Specialty Lending Corp.

OCSL Financial Asset Management

Oaktree Specialty Lending Corp.’s revenue for fiscal 2025 (year ended September 2025) was $316.8 million, down 17.0% from fiscal 2024.

Revenue
−7.76%
EPS
−20.5%
Free cash flow
+173.1%
Total debt
+0.03%

Quarter to June 2026, against a year earlier

12.59 0.07 +0.56%
Market cap
$1.1B
P/E
26.1×
Fwd P/E
22.7×
Dividend yield
11.2%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.46%

Capital & Financial Ratios $m

Size
Market Cap 1,100.00
Revenue ttm 292.23
Net income ttm 42.24
Free cash flow ttm 106.13
Net debt Q 897.92
Valuation
P/E 26.10
Forward P/E 22.70
Price / sales 3.78
Forward P/S Powerpack
Price / FCF 10.40
Price / book 0.80
Financial health
Current ratio Q 0.19
Debt / equity Q 0.68
Interest coverage Q 2.36
Growth
Revenue growth Q −7.76% (below 0%: shrinking)
Operating income growth Q −3.84% (below 0%: shrinking)
EPS, this year −15.24% (below 0%: weak)
EPS, next year A −9.24% (below 0%: weak)
Revenue, next year A −10.13% (below 0%: weak)
EPS, past 5 yrs −14.23% (below 0%: weak)
EPS, next 5 yrs A −7.57% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 78.84%
10-year low 10-year high
P/S against its own 10 years 36.78%
10-year low 10-year high
P/B against its own 10 years 41.25%
10-year low 10-year high

Dividends

Yield
11.2%
Annual rate
1.40
Payout ratio
291.7%
Growth, 2017–25
−0.31%/yr
  1. 1.23 ’17
  2. 1.11 ’18 −10
  3. 1.14 ’19 +3
  4. 1.22 ’20 +7
  5. 1.65 ’21 +36
  6. 2.03 ’22 +23
  7. 1.65 ’23 −19
  8. 2.20 ’24 +33
  9. 1.20 ’25 −45
  10. 1.41 ’26e +18
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 146 79 80 40
Receivables 106 69 40 60
Inventory — — — —
Other — — — —
252 147 120 100
2023 2024 2025 Q'26
Payables 3 3 2 3
ST’ Debt — — — —
Other — — — —
764 765 588 531

Compound Annual Growth %

10y 5y 3y
Sales 1.78% 17.22% 6.47%
Cash Flow 4.56% 0.00% 116.85%
Earnings 8.22% (2.86%) 5.09%
Book Value 0.80% 9.89% 5.58%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.36 Actual 0.37

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.38 0.40 Beat by 0.02
Q1 FY26 0.38 0.41 Beat by 0.03
Q2 FY26 0.36 0.38 Beat by 0.02
Q3 FY26 0.36 0.37 Beat by 0.01
Q4 FY26 0.34 — Reports 17 November 2026

EPS $

Dec Mar Jun Sep Year
’26 0.06 (0.21) 0.35 — —
’25 0.09 (0.42) 0.44 0.28 0.39
’24 0.14 0.12 0.01 0.45 0.72
’23 0.22 0.29 0.48 0.60 1.63
’22 0.66 0.24 (0.63) 0.21 0.48
’21 1.38 1.80 0.78 0.60 4.38
’20 0.30 (3.51) 2.55 1.50 0.84
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 75 70 69 — —
’25 87 78 75 77 317
’24 98 94 95 95 382
’23 79 96 102 102 379
’22 65 64 63 70 263
’21 38 42 65 64 209
’20 31 34 34 44 143
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 (83) 131 58 — —
’25 144 62 21 1 228
’24 1 (18) (60) 96 19
’23 (110) 46 49 244 229
’22 23 (91) 24 66 22
’21 16 (129) 77 (195) (231)
’20 (43) (78) (86) 55 (153)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 (83) 131 58 — —
’25 144 62 21 1 228
’24 1 (18) (60) 96 19
’23 (110) 46 49 244 229
’22 23 (91) 24 66 22
’21 16 (129) 77 (195) (231)
’20 (43) (78) (86) 55 (153)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 248 178 139 148 143 209 263 379 382 317 292 +2.8% 285 286 302 (1.6%)
Gross margin, % 68.21 73.15 72.01 65.93 75.50 63.83 76.45 77.07 78.29 80.24 82.16 +12.0 pt
EBT (67) (197) 47 127 37 238 30 119 58 34 43 n/m
EBT margin, % (26.85) (110.68) 34.16 86.10 26.17 113.69 11.26 31.37 15.14 10.83 14.65 +37.7 pt
Net income (67) (197) 47 126 39 237 29 117 58 34 42 n/m
Per share, $
Per share, $ Revenue 5.04 3.78 2.95 3.14 3.05 3.87 4.32 5.26 4.75 3.68 3.32 (3.4%)
Earnings (1.35) (4.17) 0.99 2.67 0.84 4.38 0.48 1.63 0.72 0.39 0.48 n/m
Cash flow 3.35 10.33 1.14 4.59 (3.25) (4.27) 0.37 3.17 0.24 2.65 1.20 (2.6%)
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow 3.35 10.33 1.14 4.59 (3.25) (4.27) 0.37 3.17 0.24 2.65 1.20 (2.6%)
Book value 23.25 18.41 18.26 19.81 19.47 24.29 20.51 21.02 18.50 17.03 15.70 (3.4%)
Shares, m 49 47 47 47 47 54 61 72 80 86 88 +6.4%
Valuation, ×
Valuation, × P/E 0.00 0.00 15.06 5.76 17.28 4.64 37.50 12.30 22.54 33.46 26.10 14.9
P/S 3.46 4.43 5.05 4.94 4.77 5.47 4.16 3.72 3.44 3.55 3.78 4.3
P/B 0.75 0.91 0.82 0.78 0.75 0.87 0.88 0.93 0.88 0.77 0.80 0.8
EV/Sales 5.48 6.45 7.81 5.91 6.55 8.37 6.35 5.68 5.66 6.27 — 6.5
EV/FCF 8.25 2.36 20.24 4.05 (6.13) (7.60) 74.47 9.42 113.32 8.69 — 22.7
Cash, $m
Cash, $m Operating cash flow 165 487 54 216 (153) (231) 22 229 19 228 106 +3.7%
Capex — — — — — — — — — — — —
Free cash flow 165 487 54 216 (153) (231) 22 229 19 228 106 +3.7%
Balance, $m
Balance, $m Working capital (413) (257) (245) (357) (373) (619) (669) (512) (618) (468) (431) +1.4%
Net debt 503 359 383 143 255 607 575 745 850 862 898 +6.2%
Shareholders’ equity 1,142 868 858 931 915 1,313 1,246 1,516 1,488 1,466 1,383 +2.8%
Returns, %
Returns, % ROA (2.70) (9.95) 2.95 8.32 2.51 11.09 1.11 4.00 1.80 1.09 1.45 +3.8 pt
ROIC 6.13 6.24 4.82 5.84 5.25 4.25 6.83 8.08 8.00 6.68 6.43 +0.5 pt
ROE (5.33) (19.60) 5.42 14.11 4.25 21.30 2.28 8.50 3.86 2.30 2.95 +7.6 pt
People
People Employees — — — — — — — — — — — —
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Oaktree Specialty Lending Corp. vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MSDL Morgan Stanley Direct Lending Fund $1.2B 284× 15.2× −13.62% (below 0%: shrinking) n/m +230.03% (above 0%: growing) 100.00% 0.00% Compare
OCSL Oaktree Specialty Lending Corp. $1.1B 26.1× 22.7× −7.76% (below 0%: shrinking) −20.45% (below 0%: shrinking) +173.07% (above 0%: growing) 94.24% 82.04%
RPC Ridgepost Capital, Inc. $1.0B 29.6× 35.2× +17.11% (above 0%: growing) +350.00% (above 0%: growing) +447.90% (above 0%: growing) 100.00% 28.63% Compare
GSBD Goldman Sachs BDC, Inc. $990.6M 34.0× 11.6× −7.97% (below 0%: shrinking) n/m +465.71% (above 0%: growing) 100.00% 87.38% Compare
BBDC BARINGS BDC, INC. $915.1M 10.3× 9.9× −11.20% (below 0%: shrinking) +9.09% (above 0%: growing) −250.65% (below 0%: shrinking) 100.00% 0.00% Compare
BUR Burford Capital Limited $869.6M — (loss-making) — (loss-making) +110.46% (above 0%: growing) n/m −531.48% (below 0%: shrinking) 100.00% 66.57% Compare
MFIC MidCap Financial Investment Corporation $846.0M — (loss-making) 56.7× −24.94% (below 0%: shrinking) n/m +21.89% (above 0%: growing) 100.00% 0.00% Compare
KBDC Kayne Anderson BDC, Inc. $841.3M 15.2× 10.9× −2.78% (below 0%: shrinking) −71.43% (below 0%: shrinking) +221.15% (above 0%: growing) 86.61% 84.68% Compare
VRTS Virtus Investment Partners, Inc. $827.0M 7.0× — (loss-making) −4.35% (below 0%: shrinking) +9.87% (above 0%: growing) −24.42% (below 0%: shrinking) 100.00% 13.57% Compare
Median of peers $892.4M 22.4× 13.4× −6.16% +9.48% +121.52% 100.00% 21.10%

All 121 Asset Management stocks →

Pay and ownership Proxy statement filed 16 January 2026

Ownership

Directors and executive officers, together less than 1%
Oaktree Capital Holdings, LLC and affiliates 8.94%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Oaktree Specialty Lending Corp. (OCSL) Latest News

19 Oct

Impact 3 · · Business Wire

22 Sep

Impact 3 · · StockStory

14 Aug

Impact 3 ·

10 Aug

Impact 3 ·

5 Aug

Impact 3 · · Moby transcript
Impact 3 · transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 ·

6 May

Impact 4 · · Pitchbook
Impact 3 · · Barrons.com
Impact 3 · · Moby

5 May

Impact 4 · · Zacks
Impact 4 · · Business Wire
Impact 3 · · MarketBeat
Impact 3 · · StockStory

4 May

Impact 3 · · StockStory

17 Apr

Impact 3 · · ETF Trends

11 Feb

Impact 3 · · StockStory
Impact 3 · · StockStory transcript

6 Feb

Impact 3 ·

5 Feb

Impact 4 · · StockStory

4 Feb

Impact 4 · · MarketBeat transcript
Impact 4 · · GuruFocus.com transcript
Impact 4 · · Zacks
Impact 4 · · Associated Press Finance
Impact 3 · · StockStory
Impact 3 · · Business WireMT NewswiresAssociated Press FinanceStockStoryMotley FoolGuruFocus.comMarketBeatMarketBeat

2 Feb

Impact 3 · · StockStory

8 Jan

Impact 3 · · StockStory
stockrow.com/OCSL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com