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Blackstone Secured Lending Fund (BXSL) Financials

Blackstone Secured Lending Fund logo
$29.67 +0.28 (+0.94%)
Closing price 04/25/2025 03:59 PM Eastern
Extended Trading
$29.80 +0.13 (+0.45%)
As of 04/25/2025 07:55 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Blackstone Secured Lending Fund

Annual Income Statements for Blackstone Secured Lending Fund

This table shows Blackstone Secured Lending Fund's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
273 1,379 1,172 671 2,087
Consolidated Net Income / (Loss)
273 1,379 1,172 612 2,087
Net Income / (Loss) Continuing Operations
273 1,379 1,172 671 2,087
Total Pre-Tax Income
33 1,027 688 671 1,380
Total Operating Income
268 1,059 949 -94 1,709
Total Gross Profit
367 1,097 1,289 36 2,015
Total Revenue
369 1,095 1,276 36 2,017
Operating Revenue
369 1,095 1,276 36 2,017
Total Cost of Revenue
1.93 -1.76 -13 0.00 1.09
Operating Cost of Revenue
1.93 -1.76 -13 - 1.09
Total Operating Expenses
99 37 340 129 306
Selling, General & Admin Expense
8.44 10 13 14 11
Depreciation Expense
17 -105 126 - 14
Other Operating Expenses / (Income)
72 132 200 115 281
Total Other Income / (Expense), net
-235 -32 -261 760 -330
Interest Expense
66 120 204 266 326
Other Income / (Expense), net
-21 89 -57 -110 -3.37
Other Gains / (Losses), net
240 352 484 - 708
Basic Earnings per Share
$2.29 $3.19 $2.44 $3.65 $3.45
Weighted Average Basic Shares Outstanding
95.33M 144.51M 166.07M 167.62M 201.37M
Diluted Earnings per Share
$2.29 $3.19 $2.44 $3.65 $3.45
Weighted Average Diluted Shares Outstanding
95.33M 144.51M 166.07M 167.62M 201.37M
Weighted Average Basic & Diluted Shares Outstanding
- - 160.57M 191.60M 227.82M
Cash Dividends to Common per Share
$2,300.00 $2,030.00 $2.91 $2.94 $3.08

Quarterly Income Statements for Blackstone Secured Lending Fund

This table shows Blackstone Secured Lending Fund's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
253 584 415 429 529 -701 548 590 474 475
Consolidated Net Income / (Loss)
253 586 415 429 529 -760 548 590 474 475
Net Income / (Loss) Continuing Operations
253 584 415 429 529 -701 548 590 474 475
Total Pre-Tax Income
121 338 266 257 368 -220 383 417 288 292
Total Operating Income
204 594 337 335 426 -1,191 429 474 405 402
Total Gross Profit
329 681 409 439 472 -1,285 485 525 496 509
Total Revenue
326 674 405 435 468 -1,271 485 525 497 510
Operating Revenue
326 674 405 435 468 -1,271 485 525 497 510
Total Cost of Revenue
-3.49 -6.76 -4.12 -4.69 -4.55 13 0.22 0.29 0.29 0.29
Operating Cost of Revenue
-3.49 - -4.12 -4.69 -4.55 - 0.22 0.29 0.29 0.29
Total Operating Expenses
125 87 72 105 46 -94 56 51 92 108
Selling, General & Admin Expense
3.09 4.09 3.17 3.69 4.42 3.16 2.80 2.82 2.56 2.67
Depreciation Expense
71 - 11 37 -21 - -12 -21 17 30
Other Operating Expenses / (Income)
51 55 58 64 63 -69 65 69 72 75
Total Other Income / (Expense), net
-83 -256 -71 -77 -58 967 -46 -57 -117 -110
Interest Expense
55 63 67 66 65 68 67 79 88 92
Other Income / (Expense), net
-28 -7.45 -4.31 -11 7.05 -101 20 22 -28 -17
Other Gains / (Losses), net
132 - 149 171 161 - 166 173 186 183
Basic Earnings per Share
$0.58 $0.76 $0.86 $0.90 $1.01 $0.88 $0.96 $1.01 $0.75 $0.73
Weighted Average Basic Shares Outstanding
165.03M 166.07M 160.50M 161.08M 169.84M 167.62M 190.60M 193.91M 203.42M 201.37M
Diluted Earnings per Share
$0.58 $0.76 $0.86 $0.90 $1.01 $0.88 $0.96 $1.01 $0.75 $0.73
Weighted Average Diluted Shares Outstanding
165.03M 166.07M 160.50M 161.08M 169.84M 167.62M 190.60M 193.91M 203.42M 201.37M
Weighted Average Basic & Diluted Shares Outstanding
- 160.57M 160.78M 165.62M 173.65M 191.60M 192.44M 200.97M 216.67M 227.82M

Annual Cash Flow Statements for Blackstone Secured Lending Fund

This table details how cash moves in and out of Blackstone Secured Lending Fund's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
152 -115 25 27 76
Net Cash From Operating Activities
-2,320 -3,829 673 459 -2,526
Net Cash From Continuing Operating Activities
-2,322 -3,836 673 459 -2,519
Net Income / (Loss) Continuing Operations
219 460 405 612 694
Consolidated Net Income / (Loss)
219 460 405 612 694
Depreciation Expense
17 -105 126 51 14
Amortization Expense
-45 -60 -33 -38 -24
Non-Cash Adjustments To Reconcile Net Income
-2,524 -4,160 167 -171 -3,220
Changes in Operating Assets and Liabilities, net
12 29 8.26 4.67 17
Net Cash From Investing Activities
0.00 0.00 0.00 0.00 0.00
Net Cash From Continuing Investing Activities
0.00 0.00 0.00 0.00 0.00
Net Cash From Financing Activities
2,473 3,713 -648 -432 2,602
Net Cash From Continuing Financing Activities
2,473 3,713 -648 -432 2,602
Repayment of Debt
-1,950 -2,784 -877 -2,091 -1,456
Repurchase of Common Equity
-0.75 0.00 -265 0.00 0.00
Payment of Dividends
-145 -254 -423 -438 -583
Issuance of Debt
2,992 5,779 921 1,440 3,616
Issuance of Common Equity
1,583 981 0.00 665 1,037
Other Financing Activities, net
-6.54 -9.36 -3.79 -8.59 -11
Cash Interest Paid
52 95 182 256 297
Cash Income Taxes Paid
0.57 0.13 4.11 5.25 11

Quarterly Cash Flow Statements for Blackstone Secured Lending Fund

This table details how cash moves in and out of Blackstone Secured Lending Fund's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-37 -3.54 -31 35 -1.48 24 -7.18 144 -94 33
Net Cash From Operating Activities
488 168 156 521 -90 -128 -396 -709 -518 -904
Net Cash From Continuing Operating Activities
488 168 156 521 -90 -128 -396 -709 -518 -897
Net Income / (Loss) Continuing Operations
96 122 139 145 171 157 184 196 152 162
Consolidated Net Income / (Loss)
96 122 139 145 171 157 184 196 152 162
Depreciation Expense
71 26 11 37 - 23 -12 -21 - 30
Amortization Expense
-12 -7.65 -5.46 -17 -5.48 -9.98 -5.97 -6.64 -4.70 -6.55
Non-Cash Adjustments To Reconcile Net Income
340 16 30 333 -267 -316 -543 -895 -635 -1,114
Changes in Operating Assets and Liabilities, net
-7.41 12 -19 23 -17 17 -18 18 -13 31
Net Cash From Financing Activities
-525 -171 -187 -487 89 152 388 853 424 937
Net Cash From Continuing Financing Activities
-525 -171 -187 -487 89 152 388 853 424 937
Repayment of Debt
-484 -178 -177 -892 -620 -403 0.00 -495 -95 -867
Payment of Dividends
-112 -118 -92 -107 -111 -128 -137 -142 -148 -156
Issuance of Debt
232 172 84 390 610 357 364 1,302 360 1,590
Issuance of Common Equity
- - 0.00 125 211 330 162 188 310 376
Other Financing Activities, net
1.97 - -2.35 -2.80 - -3.44 0.00 - -4.35 -7.14
Cash Interest Paid
70 36 89 38 80 51 73 61 104 60

Annual Balance Sheets for Blackstone Secured Lending Fund

This table presents Blackstone Secured Lending Fund's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Total Assets
10,178 9,909 10,135 13,472
Total Current Assets
10,229 9,944 10,216 13,374
Cash & Equivalents
103 131 155 230
Short-Term Investments
10,126 9,813 10,061 13,140
Other Current Assets
- - 0.00 4.81
Plant, Property, & Equipment, net
0.00 0.00 0.00 0.00
Total Noncurrent Assets
14 13 16 22
Other Noncurrent Operating Assets
14 13 16 22
Total Liabilities & Shareholders' Equity
10,178 9,909 10,135 13,472
Total Liabilities
5,730 5,750 5,183 7,396
Total Current Liabilities
158 161 219 275
Accrued Expenses
3.10 0.85 13 18
Other Current Liabilities
116 115 166 203
Other Current Nonoperating Liabilities
39 45 40 54
Total Noncurrent Liabilities
5,499 5,539 4,921 7,063
Long-Term Debt
5,499 5,528 4,912 7,056
Other Noncurrent Operating Liabilities
- 11 8.93 7.11
Commitments & Contingencies
0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
4,447 4,159 4,952 6,077
Total Preferred & Common Equity
4,447 4,159 4,952 6,077
Total Common Equity
4,447 4,159 4,952 6,077
Common Stock
4,245 4,033 4,702 5,750
Retained Earnings
202 126 250 327

Quarterly Balance Sheets for Blackstone Secured Lending Fund

This table presents Blackstone Secured Lending Fund's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
9,848 9,572 9,802 10,705 11,770 12,372
Total Current Assets
9,731 9,438 9,839 148 11,636 12,235
Cash & Equivalents
103 147 146 148 291 194
Short-Term Investments
9,628 9,290 9,693 - 11,341 12,026
Other Current Assets
- - - - 3.79 15
Plant, Property, & Equipment, net
0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets
15 16 15 379 13 16
Other Noncurrent Operating Assets
15 16 15 379 13 16
Total Liabilities & Shareholders' Equity
9,848 9,572 9,802 10,705 11,770 12,372
Total Liabilities
5,657 5,222 5,200 5,549 6,376 6,671
Total Current Liabilities
155 183 187 34 233 227
Accrued Expenses
3.88 3.55 8.48 4.33 7.93 12
Other Current Liabilities
131 134 152 - 181 191
Other Current Nonoperating Liabilities
20 45 27 30 44 24
Total Noncurrent Liabilities
5,452 4,990 4,971 5,515 6,093 6,401
Long-Term Debt
5,452 4,978 4,962 5,274 6,084 6,389
Other Noncurrent Operating Liabilities
- 12 8.69 241 8.48 11
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
4,190 4,350 4,603 5,156 5,395 5,701
Total Preferred & Common Equity
4,190 4,350 4,603 5,156 5,395 5,701
Total Common Equity
4,190 4,350 4,603 5,156 5,395 5,701
Common Stock
4,038 4,169 4,384 4,870 5,065 5,380
Retained Earnings
152 181 219 286 330 320

Annual Metrics and Ratios for Blackstone Secured Lending Fund

This table displays calculated financial ratios and metrics derived from Blackstone Secured Lending Fund's official financial filings.

Metric 2020 2021 2022 2023 2024
Growth Metrics
- - - - -
Revenue Growth
0.00% 197.00% 16.54% -97.20% 5,549.26%
EBITDA Growth
0.00% 349.44% -0.48% -119.36% 989.07%
EBIT Growth
0.00% 364.63% -22.30% -122.82% 937.99%
NOPAT Growth
0.00% 295.28% -10.37% -109.87% 1,924.84%
Net Income Growth
0.00% 405.89% -15.01% -47.79% 241.09%
EPS Growth
0.00% 39.30% -23.51% 49.59% -5.48%
Operating Cash Flow Growth
0.00% -65.01% 117.58% -31.82% -650.61%
Free Cash Flow Firm Growth
0.00% 0.00% 0.31% -103.33% 5,008.32%
Invested Capital Growth
0.00% 0.00% 0.00% -51.47% -17.28%
Revenue Q/Q Growth
0.00% 0.00% 0.00% -98.28% 2.18%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% -110.67% 1.87%
EBIT Q/Q Growth
0.00% 0.00% 0.00% -111.50% 1.22%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% -105.25% 1.49%
Net Income Q/Q Growth
0.00% 0.00% 0.00% -71.45% 0.33%
EPS Q/Q Growth
0.00% 0.00% 0.00% 3.40% -4.17%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 0.00% -39.20% -44.33%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% -16.14%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% -144.01% 0.00%
Profitability Metrics
- - - - -
Gross Margin
99.48% 100.16% 101.02% 100.00% 99.95%
EBITDA Margin
59.33% 89.78% 77.22% -534.46% 84.11%
Operating Margin
72.69% 96.74% 74.40% -262.39% 84.76%
EBIT Margin
67.01% 104.84% 69.89% -570.27% 84.59%
Profit (Net Income) Margin
73.94% 125.95% 91.85% 1,714.34% 103.51%
Tax Burden Percent
825.21% 134.23% 170.28% 91.24% 151.29%
Interest Burden Percent
13.37% 89.51% 77.18% -329.48% 80.88%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)
0.00% 31.01% 28.18% 13.43% 37.85%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)
0.00% 11.28% 9.00% -2.03% 14.45%
Return on Assets (ROA)
0.00% 13.55% 11.83% 6.11% 17.68%
Return on Common Equity (ROCE)
0.00% 31.01% 28.18% 13.43% 37.85%
Return on Equity Simple (ROE_SIMPLE)
0.00% 31.01% 28.18% 12.36% 34.35%
Net Operating Profit after Tax (NOPAT)
268 1,059 949 -94 1,709
NOPAT Margin
72.69% 96.74% 74.40% -262.39% 84.76%
Net Nonoperating Expense Percent (NNEP)
0.00% 14.05% 10.43% 15.02% 6.63%
Return On Investment Capital (ROIC_SIMPLE)
- 10.65% 9.80% -0.95% 13.02%
Cost of Revenue to Revenue
0.52% -0.16% -1.02% 0.00% 0.05%
SG&A Expenses to Revenue
2.29% 0.92% 1.02% 40.46% 0.54%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
26.79% 3.42% 26.62% 362.39% 15.19%
Earnings before Interest and Taxes (EBIT)
247 1,148 892 -204 1,706
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
219 983 985 -191 1,696
Valuation Ratios
- - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.88 1.15
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.88 1.15
Price to Revenue (P/Rev)
0.00 0.00 0.00 121.82 3.47
Price to Earnings (P/E)
0.00 0.00 0.00 6.48 3.35
Dividend Yield
0.00% 2.16% 16.02% 11.74% 9.53%
Earnings Yield
0.00% 0.00% 0.00% 15.42% 29.82%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 0.00 0.34
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.41
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.40
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.40
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.40
Leverage & Solvency
- - - - -
Debt to Equity
0.00 1.24 1.33 0.99 1.16
Long-Term Debt to Equity
0.00 1.24 1.33 0.99 1.16
Financial Leverage
0.00 -1.02 -1.03 -1.03 -1.03
Leverage Ratio
0.00 2.29 2.38 2.20 2.14
Compound Leverage Factor
0.00 2.05 1.84 -7.25 1.73
Debt to Total Capital
0.00% 55.28% 57.07% 49.80% 53.73%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 55.28% 57.07% 49.80% 53.73%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 44.72% 42.93% 50.20% 46.27%
Debt to EBITDA
0.00 5.59 5.61 -25.75 4.16
Net Debt to EBITDA
0.00 -4.81 -4.48 27.80 -3.72
Long-Term Debt to EBITDA
0.00 5.59 5.61 -25.75 4.16
Debt to NOPAT
0.00 5.19 5.82 -52.44 4.13
Net Debt to NOPAT
0.00 -4.47 -4.65 56.63 -3.69
Long-Term Debt to NOPAT
0.00 5.19 5.82 -52.44 4.13
Altman Z-Score
0.00 0.00 0.00 1.66 2.34
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - -
Current Ratio
0.00 64.73 61.78 46.69 48.72
Quick Ratio
0.00 64.73 61.78 46.69 48.70
Cash Flow Metrics
- - - - -
Free Cash Flow to Firm (FCFF)
0.00 1,164 1,063 -35 1,739
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 9.67 5.22 -0.13 5.33
Operating Cash Flow to Interest Expense
-35.18 -31.78 3.31 1.72 -7.75
Operating Cash Flow Less CapEx to Interest Expense
-35.18 -31.78 3.31 1.72 -7.75
Efficiency Ratios
- - - - -
Asset Turnover
0.00 0.11 0.13 0.00 0.17
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics
- - - - -
Invested Capital
0.00 -105 -113 -171 -201
Invested Capital Turnover
0.00 -20.83 -22.56 -0.25 -10.83
Increase / (Decrease) in Invested Capital
0.00 -105 -113 -58 -30
Enterprise Value (EV)
0.00 0.00 0.00 -955 687
Market Capitalization
0.00 0.00 0.00 4,349 7,001
Book Value per Share
$0.00 $30.78 $25.04 $28.52 $28.04
Tangible Book Value per Share
$0.00 $30.78 $25.04 $28.52 $28.04
Total Capital
0.00 9,946 9,687 9,864 13,133
Total Debt
0.00 5,499 5,528 4,912 7,056
Total Long-Term Debt
0.00 5,499 5,528 4,912 7,056
Net Debt
0.00 -4,730 -4,416 -5,304 -6,313
Capital Expenditures (CapEx)
0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -158 -161 -219 -270
Debt-free Net Working Capital (DFNWC)
0.00 10,071 9,783 9,997 13,100
Net Working Capital (NWC)
0.00 10,071 9,783 9,997 13,100
Net Nonoperating Expense (NNE)
-4.64 -320 -223 -706 -378
Net Nonoperating Obligations (NNO)
0.00 -4,553 -4,272 -5,123 -6,278
Total Depreciation and Amortization (D&A)
-28 -165 93 13 -9.67
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -14.43% -12.61% -612.91% -13.37%
Debt-free Net Working Capital to Revenue
0.00% 919.74% 766.61% 28,005.45% 649.61%
Net Working Capital to Revenue
0.00% 919.74% 766.61% 28,005.45% 649.61%
Earnings Adjustments
- - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $2.44 $3.65 $3.45
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 166.07M 167.62M 201.37M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $2.44 $3.65 $3.45
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 166.07M 167.62M 201.37M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 160.57M 191.60M 227.82M
Normalized Net Operating Profit after Tax (NOPAT)
188 741 665 -66 1,196
Normalized NOPAT Margin
50.88% 67.72% 52.08% -183.67% 59.33%
Pre Tax Income Margin
8.96% 93.83% 53.94% 1,878.92% 68.42%
Debt Service Ratios
- - - - -
EBIT to Interest Expense
3.75 9.53 4.38 -0.76 5.23
NOPAT to Interest Expense
4.06 8.79 4.66 -0.35 5.24
EBIT Less CapEx to Interest Expense
3.75 9.53 4.38 -0.76 5.23
NOPAT Less CapEx to Interest Expense
4.06 8.79 4.66 -0.35 5.24
Payout Ratios
- - - - -
Dividend Payout Ratio
53.23% 18.40% 36.13% 71.57% 27.95%
Augmented Payout Ratio
53.51% 18.40% 58.70% 71.57% 27.95%

Quarterly Metrics and Ratios for Blackstone Secured Lending Fund

This table displays calculated financial ratios and metrics derived from Blackstone Secured Lending Fund's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
0.00% 0.00% 2,949.25% 65.61% 43.44% -288.49% 19.88% 20.77% 6.23% 140.09%
EBITDA Growth
0.00% 0.00% 912.31% 84.14% 81.37% -311.50% 27.56% 52.88% -13.07% 131.89%
EBIT Growth
0.00% 0.00% 1,007.46% 95.39% 145.10% -320.36% 35.18% 53.31% -13.08% 129.75%
NOPAT Growth
0.00% 0.00% 1,022.09% 78.14% 108.56% -240.37% 27.37% 41.62% -4.99% 148.21%
Net Income Growth
0.00% 0.00% 286.84% 89.96% 108.53% -229.76% 32.21% 37.63% -10.31% 162.47%
EPS Growth
0.00% 0.00% 36.51% 91.49% 74.14% 15.79% 11.63% 12.22% -25.74% -17.05%
Operating Cash Flow Growth
0.00% 0.00% 913.02% 1,334.72% -118.52% -176.24% -353.77% -236.05% -472.81% -606.45%
Free Cash Flow Firm Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -12.38% 99.00% -25.24% 155.65%
Invested Capital Growth
0.00% 0.00% 0.00% 0.00% 0.00% -51.47% 0.00% -4,752.51% -18.88% -17.28%
Revenue Q/Q Growth
94.05% 106.93% -47.35% 7.34% 7.58% -371.92% 4.01% 8.14% -5.38% 2.63%
EBITDA Q/Q Growth
156.02% 156.61% -51.62% 1.51% 39.62% -399.23% 14.51% 8.46% -24.02% 9.78%
EBIT Q/Q Growth
148.73% 231.96% -51.18% -2.73% 33.91% -398.47% 23.50% 10.32% -24.09% 2.16%
NOPAT Q/Q Growth
212.50% 190.81% -51.08% -0.64% 27.30% -295.72% 13.85% 10.48% -14.60% -0.69%
Net Income Q/Q Growth
533.25% 131.12% -46.22% 3.33% 23.29% -243.82% 17.19% 7.57% -19.65% 0.17%
EPS Q/Q Growth
23.40% 31.03% 13.16% 4.65% 12.22% -12.87% 9.09% 5.21% -25.74% -2.67%
Operating Cash Flow Q/Q Growth
1,243.05% -65.61% -7.12% 234.44% -117.34% -41.56% -209.14% -79.30% 27.00% -74.59%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 39.10% 75.46% -2,224.83% -61.66% 123.05% -9.19% -45.66%
Invested Capital Q/Q Growth
0.00% 0.00% -100.00% 0.00% -4,080.04% -144.01% 133,842,027,000.00% -234.77% 0.00% 0.00%
Profitability Metrics
- - - - - - - - - -
Gross Margin
101.07% 101.00% 101.02% 101.08% 100.97% 0.00% 99.95% 99.94% 99.94% 99.94%
EBITDA Margin
72.31% 89.67% 83.57% 79.03% 91.44% 0.00% 88.92% 89.19% 74.83% 80.04%
Operating Margin
62.65% 88.05% 83.16% 76.99% 91.10% 0.00% 88.36% 90.28% 81.48% 78.84%
EBIT Margin
54.20% 86.94% 82.10% 74.40% 92.61% 0.00% 92.58% 94.45% 75.77% 75.43%
Profit (Net Income) Margin
77.76% 86.85% 102.46% 98.64% 113.04% 0.00% 113.01% 112.41% 95.45% 93.16%
Tax Burden Percent
208.93% 173.31% 156.15% 166.68% 143.73% 345.68% 143.34% 141.52% 164.52% 162.57%
Interest Burden Percent
68.67% 57.64% 79.93% 79.54% 84.93% 17.01% 85.15% 84.10% 76.56% 75.97%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2,448.22% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2,443.45% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2,380.02% 0.00% 0.00% 0.00%
Return on Equity (ROE)
0.00% 28.18% 0.00% 34.18% 42.54% 13.43% 68.20% 0.00% 16.55% 37.85%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2,140.17% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)
0.00% 11.20% 0.00% 12.18% 18.72% 0.00% 16.04% 0.00% 1.61% 12.89%
Return on Assets (ROA)
0.00% 11.18% 0.00% 16.15% 22.85% 0.00% 19.57% 0.00% 2.03% 15.92%
Return on Common Equity (ROCE)
0.00% 28.18% 0.00% 34.18% 42.54% 13.43% 68.20% 0.00% 16.55% 37.85%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00% 0.00% 34.18% 42.54% 0.00% 38.28% 0.00% 14.95% 0.00%
Net Operating Profit after Tax (NOPAT)
204 594 337 335 426 -834 429 474 405 402
NOPAT Margin
62.65% 88.05% 83.16% 76.99% 91.10% 0.00% 88.36% 90.28% 81.48% 78.84%
Net Nonoperating Expense Percent (NNEP)
0.00% -0.19% 0.00% 4.20% 4.31% 1.57% 4.76% 4.17% 1.30% 1.28%
Return On Investment Capital (ROIC_SIMPLE)
- 6.13% - 3.59% 4.45% -8.45% 4.11% 4.13% 3.35% 3.06%
Cost of Revenue to Revenue
-1.07% -1.00% -1.02% -1.08% -0.97% 0.00% 0.05% 0.06% 0.06% 0.06%
SG&A Expenses to Revenue
0.95% 0.61% 0.78% 0.85% 0.95% 0.00% 0.58% 0.54% 0.52% 0.52%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
38.42% 12.95% 17.85% 24.09% 9.87% 0.00% 11.59% 9.67% 18.46% 21.10%
Earnings before Interest and Taxes (EBIT)
177 586 332 323 433 -1,292 449 496 376 384
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
236 605 338 343 427 -1,279 432 468 372 408
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.87 0.87 0.88 0.97 1.04 1.01 1.15
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.87 0.87 0.88 0.97 1.04 1.01 1.15
Price to Revenue (P/Rev)
0.00 0.00 2.01 2.41 2.02 121.82 2.71 0.00 24.41 3.47
Price to Earnings (P/E)
0.00 0.00 2.26 2.54 2.04 6.48 2.55 0.00 6.31 3.35
Dividend Yield
15.78% 16.02% 13.59% 11.94% 11.48% 11.74% 10.40% 10.57% 10.77% 9.53%
Earnings Yield
0.00% 0.00% 44.20% 39.43% 48.97% 15.42% 39.28% 0.00% 15.85% 29.82%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 0.00 0.00 75.84 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 0.00 0.00 0.00 5.47 0.00 0.00 0.34
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 6.51 0.00 0.00 0.41
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 6.47 0.00 0.00 0.40
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 6.48 0.00 0.00 0.40
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 7.09 0.33 0.00 0.40
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.00 1.33 0.00 1.14 1.08 0.99 1.02 1.13 1.12 1.16
Long-Term Debt to Equity
0.00 1.33 0.00 1.14 1.08 0.99 1.02 1.13 1.12 1.16
Financial Leverage
0.00 -1.03 0.00 -1.03 -1.03 -1.03 -0.97 -0.57 -1.03 -1.03
Leverage Ratio
0.00 2.38 0.00 2.20 2.13 2.20 2.08 2.19 2.15 2.14
Compound Leverage Factor
0.00 1.37 0.00 1.75 1.81 0.37 1.77 1.84 1.65 1.63
Debt to Total Capital
0.00% 57.07% 0.00% 53.36% 51.88% 49.80% 50.57% 53.00% 52.85% 53.73%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 57.07% 0.00% 53.36% 51.88% 49.80% 50.57% 53.00% 52.85% 53.73%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 42.93% 0.00% 46.64% 48.12% 50.20% 49.43% 47.00% 47.15% 46.27%
Debt to EBITDA
0.00 5.61 0.00 4.00 2.93 -25.75 3.38 0.00 709.98 4.16
Net Debt to EBITDA
0.00 -4.48 0.00 -3.58 -2.88 27.80 3.29 0.00 -647.98 -3.72
Long-Term Debt to EBITDA
0.00 5.61 0.00 4.00 2.93 -25.75 3.38 0.00 709.98 4.16
Debt to NOPAT
0.00 5.82 0.00 4.16 2.93 -52.44 3.37 0.00 54.85 4.13
Net Debt to NOPAT
0.00 -4.65 0.00 -3.72 -2.88 56.63 3.27 0.00 -50.06 -3.69
Long-Term Debt to NOPAT
0.00 5.82 0.00 4.16 2.93 -52.44 3.37 0.00 54.85 4.13
Altman Z-Score
0.00 0.00 0.00 1.90 2.02 1.30 0.91 1.87 1.84 2.01
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.00 61.78 0.00 51.62 52.50 46.69 4.29 49.93 53.91 48.72
Quick Ratio
0.00 61.78 0.00 51.62 52.50 46.69 4.29 49.91 53.85 48.70
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 0.00 337 468 580 -775 295 658 434 431
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 5.05 7.08 8.89 -11.35 4.42 8.35 4.92 4.67
Operating Cash Flow to Interest Expense
8.82 2.67 2.34 7.88 -1.39 -1.87 -5.93 -9.00 -5.87 -9.78
Operating Cash Flow Less CapEx to Interest Expense
8.82 2.67 2.34 7.88 -1.39 -1.87 -5.93 -9.00 -5.87 -9.78
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.00 0.13 0.00 0.16 0.20 0.00 0.17 0.00 0.02 0.17
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
0.00 -113 0.00 -134 -154 -171 134 -180 -183 -201
Invested Capital Turnover
0.00 -11.28 0.00 -23.43 -25.68 -0.25 27.71 0.00 -1.39 -10.83
Increase / (Decrease) in Invested Capital
0.00 0.00 0.00 -134 -154 -58 134 -184 -29 -30
Enterprise Value (EV)
0.00 0.00 0.00 -688 -881 -955 10,150 60 -82 687
Market Capitalization
0.00 0.00 3,345 3,771 3,995 4,349 5,024 5,609 5,749 7,001
Book Value per Share
$0.00 $25.04 $0.00 $27.06 $27.79 $28.52 $27.05 $28.03 $28.37 $28.04
Tangible Book Value per Share
$0.00 $25.04 $0.00 $27.06 $27.79 $28.52 $27.05 $28.03 $28.37 $28.04
Total Capital
0.00 9,687 0.00 9,328 9,565 9,864 10,430 11,479 12,090 13,133
Total Debt
0.00 5,528 0.00 4,978 4,962 4,912 5,274 6,084 6,389 7,056
Total Long-Term Debt
0.00 5,528 0.00 4,978 4,962 4,912 5,274 6,084 6,389 7,056
Net Debt
0.00 -4,416 0.00 -4,460 -4,876 -5,304 5,126 -5,548 -5,831 -6,313
Capital Expenditures (CapEx)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -161 0.00 -183 -187 -219 -34 -229 -212 -270
Debt-free Net Working Capital (DFNWC)
0.00 9,783 0.00 9,255 9,651 9,997 113 11,403 12,008 13,100
Net Working Capital (NWC)
0.00 9,783 0.00 9,255 9,651 9,997 113 11,403 12,008 13,100
Net Nonoperating Expense (NNE)
-49 8.11 -78 -94 -103 -74 -120 -116 -69 -73
Net Nonoperating Obligations (NNO)
0.00 -4,272 0.00 -4,484 -4,757 -5,123 -5,022 -5,575 -5,884 -6,278
Total Depreciation and Amortization (D&A)
59 18 5.94 20 -5.48 13 -18 -28 -4.70 24
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -12.61% 0.00% -11.67% -9.46% -612.91% -1.86% 0.00% -90.00% -13.37%
Debt-free Net Working Capital to Revenue
0.00% 766.61% 0.00% 590.55% 487.07% 28,005.45% 6.11% 0.00% 5,098.04% 649.61%
Net Working Capital to Revenue
0.00% 766.61% 0.00% 590.55% 487.07% 28,005.45% 6.11% 0.00% 5,098.04% 649.61%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.76 $0.86 $0.90 $1.01 $0.88 $0.96 $1.01 $0.75 $0.73
Adjusted Weighted Average Basic Shares Outstanding
0.00 166.07M 160.50M 161.08M 169.84M 167.62M 190.60M 193.91M 203.42M 201.37M
Adjusted Diluted Earnings per Share
$0.00 $0.76 $0.86 $0.90 $1.01 $0.88 $0.96 $1.01 $0.75 $0.73
Adjusted Weighted Average Diluted Shares Outstanding
0.00 166.07M 160.50M 161.08M 169.84M 167.62M 190.60M 193.91M 203.42M 201.37M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 160.57M 160.78M 165.62M 173.65M 191.60M 192.44M 200.97M 216.67M 227.82M
Normalized Net Operating Profit after Tax (NOPAT)
143 416 236 234 298 -834 300 332 283 281
Normalized NOPAT Margin
43.86% 61.63% 58.21% 53.89% 63.77% 0.00% 61.86% 63.19% 57.03% 55.19%
Pre Tax Income Margin
37.22% 50.11% 65.62% 59.18% 78.65% 0.00% 78.84% 79.43% 58.01% 57.30%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
3.19 9.33 4.98 4.89 6.64 -18.92 6.73 6.29 4.27 4.16
NOPAT to Interest Expense
3.69 9.45 5.05 5.06 6.53 -12.21 6.43 6.01 4.59 4.35
EBIT Less CapEx to Interest Expense
3.19 9.33 4.98 4.89 6.64 -18.92 6.73 6.29 4.27 4.16
NOPAT Less CapEx to Interest Expense
3.69 9.45 5.05 5.06 6.53 -12.21 6.43 6.01 4.59 4.35
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 36.13% 29.53% 28.79% 21.84% 71.57% 24.51% 0.00% 65.18% 27.95%
Augmented Payout Ratio
0.00% 58.70% 29.53% 28.79% 21.84% 71.57% 24.51% 0.00% 65.18% 27.95%

Frequently Asked Questions About Blackstone Secured Lending Fund's Financials

When does Blackstone Secured Lending Fund's financial year end?

According to the most recent income statement we have on file, Blackstone Secured Lending Fund's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Blackstone Secured Lending Fund's net income changed over the last 4 years?

Blackstone Secured Lending Fund's net income appears to be on an upward trend, with a most recent value of $2.09 billion in 2024, rising from $272.62 million in 2020. The previous period was $611.95 million in 2023.

What is Blackstone Secured Lending Fund's operating income?
Blackstone Secured Lending Fund's total operating income in 2024 was $1.71 billion, based on the following breakdown:
  • Total Gross Profit: $2.02 billion
  • Total Operating Expenses: $306.27 million
How has Blackstone Secured Lending Fund revenue changed over the last 4 years?

Over the last 4 years, Blackstone Secured Lending Fund's total revenue changed from $368.68 million in 2020 to $2.02 billion in 2024, a change of 447.0%.

How much debt does Blackstone Secured Lending Fund have?

Blackstone Secured Lending Fund's total liabilities were at $7.40 billion at the end of 2024, a 42.7% increase from 2023, and a 29.1% increase since 2021.

How much cash does Blackstone Secured Lending Fund have?

In the past 3 years, Blackstone Secured Lending Fund's cash and equivalents has ranged from $102.88 million in 2021 to $229.61 million in 2024, and is currently $229.61 million as of their latest financial filing in 2024.

How has Blackstone Secured Lending Fund's book value per share changed over the last 4 years?

Over the last 4 years, Blackstone Secured Lending Fund's book value per share changed from 0.00 in 2020 to 28.04 in 2024, a change of 2,804.5%.



This page (NYSE:BXSL) was last updated on 4/26/2025 by MarketBeat.com Staff
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