Blackstone Secured Lending Fund
BXSL NYSE·
Last close · Oct 23, 2026
$23.33
KIRA · Stoqly’s AI analyst, in plain words
- Blackstone Secured Lending Fund had $1.4B of revenue in fiscal 2025, up 6.9% on the year before. Over five years, revenue changed +29.5% a year on average.
- Blackstone Secured Lending Fund made $563M of net profit in fiscal 2025. From fiscal 2020 to 2025, diluted EPS grew 1.4% a year.
- Blackstone Secured Lending Fund returned $678M to shareholders in fiscal 2025. The diluted share count rose 13.8%.
- Blackstone Secured Lending Fund owes $7.8B more than it holds in cash.
Market cap
$5.4B
P/E
18.4x
Revenue
$1.4B
Net income
$563M
Free cash flow
—
Operating margin
—
Blackstone Secured Lending Fund in 30 seconds · fiscal 2025
Are sales growing?
+6.9%
Yes. Sales grew 6.9% last year.
Does it make a profit?
39.7%
Yes. It keeps 39.7% of every sale as profit.
How healthy are the accounts?
1 / 7
Weak. It passes 1 of 7 health tests.
How is the share priced?
18.4x
One share costs 18.4 times its yearly profit per share.
What Blackstone Secured Lending Fund does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 25, 2026
- Legal name
- Blackstone Secured Lending Fund
- CIK
- 0001736035
Blackstone Secured Lending Fund · BXSL
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $625M | $850M | $1.1B | $1.3B | $1.4B |
| Revenue growth | 60.3% | 36.1% | 34.5% | 16.0% | 6.9% |
| Net income | $460M | $405M | $612M | $694M | $563M |
| Net margin | 73.7% | 47.6% | 53.5% | 52.3% | 39.7% |
| Diluted EPS | $3.19 | $2.44 | $3.65 | $3.45 | $2.46 |
| Cash | |||||
| Cash from operations | −$3.8B | $673M | $459M | −$2.5B | −$459M |
| Dividends paid | $254M | $423M | $438M | $583M | $678M |
| Share buybacks | $0.0M | $263M | $0.0M | $0.0M | — |
| Share count change | 51.6% | 14.9% | 0.9% | 20.1% | 13.8% |
| Debt and strength | |||||
| Cash and short-term investments | $103M | $131M | $155M | $230M | $290M |
| Debt incl. finance leases | $5.5B | $5.5B | $4.9B | $7.1B | $8.1B |
| Shareholders' equity | $4.4B | $4.2B | $5.0B | $6.1B | $6.2B |
| Returns and quality | |||||
| Return on equity | 11.9% | 9.4% | 13.4% | 12.6% | 9.1% |
| Return on tangible equity | 10.4% | 9.7% | 12.4% | 11.4% | 9.0% |
| Piotroski F-score | — | 4 | 5 | 1 | 1 |
Insiders bought, 12 months
$0.2M
4 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Blackstone Secured Lending Fund · BXSL
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $23.33 a share, the company is worth $5.4B: 18.4 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001736035). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.