Saturday 17 October 2026 Export OCSL’s income statement to Excel — free account

Oaktree Specialty Lending Corp.

Oaktree Specialty Lending Corp.’s revenue for fiscal 2025 (year ended September 2025) was $316.8 million, down 17.0% from fiscal 2024. In the quarter to June 2026, revenue fell 7.76%, EPS fell 20.5%, free cash flow grew 173.1% and total debt was flat, each against the same quarter a year earlier.

11.57 0.21 −1.78%

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Market cap: $1.0B
P/E: 24.1×
Fwd P/E: 22.2×
Dividend yield: 12.1%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.46%

Capital & Financial Ratios $m

Market Cap 1,040.00

Revenue 292.23

Net Income 42.24

Free Cash Flow 106.13

Net Debt 897.92

Current Ratio 0.19

Debt/Equity 0.68

P/E ratio 24.10

Fwd P/E 22.20

P/S ratio 3.49

P/B ratio 0.74

Past 5Y EPS Growth (14.23%)

This Y EPS Growth (15.24%)

Next Y EPS Growth (9.23%)

Next Y revenue growth (10.23%)

Next 5Y EPS Growth (7.57%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 72.72%

10-year low 10-year high

P/S against its own 10 years 22.19%

10-year low 10-year high

P/B against its own 10 years 17.36%

10-year low 10-year high

Dividends

Payout Ratio 2.92

Annual Dividend Rate 1.40

Annual Dividend Yield 12.10%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.42	0.40 0.30 0.30
2025	1.75	0.40 0.02 0.40 0.40
2024	2.20	0.55 0.55 0.55 0.55
2023	1.65	0.55 0.55 0.55 0.07
2022	2.03	0.48 0.50 0.51 0.54
2021	1.65	0.36 0.39 0.44 0.47
2020	1.22	0.29 0.29 0.32 0.33
2019	1.14	0.29 0.29 0.29 0.29
2018	1.11	0.26 0.29 0.29 0.29
2017	1.23	0.18 0.18 0.06 0.06 0.38 0.38
2016	2.22	0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.06 0.18

predictions special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	13.20	11.70	12.24	12.60	6.99	16.41	17.58	17.70	14.95	12.44	Analyst estimates 2026–2028 Powerpack
	High	19.56	17.73	15.42	17.25	16.98	22.86	23.43	21.48	21.64	16.29
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
Income, $m
Income, $m	Revenue	248	178	139	148	143	209	263	379	382	317
	Gross margin, %	68.21	73.15	72.01	65.93	75.50	63.83	76.45	77.07	78.29	80.24
	EBT	(67)	(197)	47	127	37	238	30	119	58	34
	EBT margin, %	(26.85)	(110.68)	34.16	86.10	26.17	113.69	11.26	31.37	15.14	10.83
	Net income	(67)	(197)	47	126	39	237	29	117	58	34
	Depreciation	5	6	3	2	2	4	4	5	5	9
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
	Earnings	(1.35)	(4.17)	0.99	2.67	0.84	4.38	0.48	1.63	0.72	0.39
	Cash flow	3.35	10.33	1.14	4.59	(3.25)	(4.27)	0.37	3.17	0.24	2.65
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	3.35	10.33	1.14	4.59	(3.25)	(4.27)	0.37	3.17	0.24	2.65
	Book value	23.25	18.41	18.26	19.81	19.47	24.29	20.51	21.02	18.50	17.03
	Shares, m	49	47	47	47	47	54	61	72	80	86
Valuation, ×
Valuation, ×	P/E	0.00	0.00	15.06	5.76	17.28	4.64	37.50	12.30	22.54	33.46
	P/S	3.46	4.43	5.05	4.94	4.77	5.47	4.16	3.72	3.44	3.55
	P/B	0.75	0.91	0.82	0.78	0.75	0.87	0.88	0.93	0.88	0.77
	EV/Sales	5.48	6.45	7.81	5.91	6.55	8.37	6.35	5.68	5.66	6.27
	EV/FCF	8.25	2.36	20.24	4.05	(6.13)	(7.60)	74.47	9.42	113.32	8.69
Cash, $m
Cash, $m	Operating cash flow	165	487	54	216	(153)	(231)	22	229	19	228
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	165	487	54	216	(153)	(231)	22	229	19	228
Balance, $m
Balance, $m	Working capital	(413)	(257)	(245)	(357)	(373)	(619)	(669)	(512)	(618)	(468)
	Total debt	633	419	396	159	294	639	601	891	929	942
	Net debt	503	359	383	143	255	607	575	745	850	862
	Shareholders’ equity	1,142	868	858	931	915	1,313	1,246	1,516	1,488	1,466
Returns, %
Returns, %	ROA	(2.70)	(9.95)	2.95	8.32	2.51	11.09	1.11	4.00	1.80	1.09
	ROIC	6.13	6.24	4.82	5.84	5.25	4.25	6.83	8.08	8.00	6.68
	ROE	(5.33)	(19.60)	5.42	14.11	4.25	21.30	2.28	8.50	3.86	2.30

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

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	$1.1B	18.9×	11.6×	−10.79% (below 0%: shrinking)	−78.05% (below 0%: shrinking)	+331.94% (above 0%: growing)	100.00%	79.95%	Compare
OCSL Oaktree Specialty Lending Corp.	$1.0B	24.1×	22.2×	−7.76% (below 0%: shrinking)	−20.45% (below 0%: shrinking)	+173.07% (above 0%: growing)	94.24%	82.04%
GSBD Goldman Sachs BDC, Inc.	$1.0B	16.8×	11.2×	−7.97% (below 0%: shrinking)	−38.24% (below 0%: shrinking)	−69.26% (below 0%: shrinking)	100.00%	87.38%	Compare
RPC Ridgepost Capital, Inc.	$906.2M	31.8×	35.2×	+11.29% (above 0%: growing)	+133.33% (above 0%: growing)	+108.29% (above 0%: growing)	100.00%	21.90%	Compare
BBDC BARINGS BDC, INC.	$900.5M	10.2×	9.2×	−12.36% (below 0%: shrinking)	−10.00% (below 0%: shrinking)	+129.93% (above 0%: growing)	100.00%	77.28%	Compare
PSEC Prospect Capital Corporation	$870.1M	32.0×	6.4×	−6.70% (below 0%: shrinking)	n/m	−475.83% (below 0%: shrinking)	74.95%	70.34%	Compare
KBDC Kayne Anderson BDC, Inc.	$834.1M	11.4×	9.9×	−2.78% (below 0%: shrinking)	−54.29% (below 0%: shrinking)	−2,950.25% (below 0%: shrinking)	86.61%	84.68%	Compare
VRTS Virtus Investment Partners, Inc.	$813.9M	6.8×	— (loss-making)	−4.35% (below 0%: shrinking)	+9.87% (above 0%: growing)	−24.42% (below 0%: shrinking)	100.00%	13.57%	Compare
FDUS Fidus Investment Corporation	$773.1M	9.1×	9.1×	+8.84% (above 0%: growing)	−26.39% (below 0%: shrinking)	−204.97% (below 0%: shrinking)	100.00%	68.28%	Compare
Median of peers	$885.3M	14.1×	9.9×	−5.52%	−26.39%	−46.84%	100.00%	73.81%

All 120 Asset Management stocks →

Oaktree Specialty Lending Corp. (OCSL) key facts

Concern: Oaktree Specialty Lending Corp.’s revenue for fiscal 2025 (year ended September 2025) was $316.8 million, down 17.0% from fiscal 2024.
Oaktree Specialty Lending Corp. (OCSL) is an Asset Management company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, OCSL traded at $11.57, a market capitalization of $1.0 billion.
Oaktree Specialty Lending Corp. pays an annual dividend of $1.40 per share, a yield of 12.1%.
Return on equity was 2.30% and debt-to-equity 0.68.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.