Oaktree Specialty Lending Corporation

NasdaqGS:OCSL Stock Report

Market Cap: US$1.1b

Oaktree Specialty Lending Past Earnings Performance

Past criteria checks 0/6

Oaktree Specialty Lending's earnings have been declining at an average annual rate of -38.9%, while the Capital Markets industry saw earnings growing at 4.1% annually. Revenues have been growing at an average rate of 13.6% per year. Oaktree Specialty Lending's return on equity is 2.2%, and it has net margins of 10.6%.

Key information

-38.86%

Earnings growth rate

-50.26%

EPS growth rate

Capital Markets Industry Growth10.26%
Revenue growth rate13.57%
Return on equity2.25%
Net Margin10.58%
Next Earnings Update05 May 2026

Recent past performance updates

Recent updates

Oaktree Specialty Lending: Deep Discount To NAV And A 14.6% Dividend Yield

Mar 31

Oaktree Specialty Lending: Solid Income Value After 27% Dividend Cut

Mar 17

Oaktree Specialty Lending: Dividend Cut, What Now?

Feb 26

Oaktree Specialty Lending: Dividend Cut As Expected, But Is This Enough?

Feb 05

Oaktree Specialty Lending: Conditions Haven't Materially Improved Yet

Jan 20

Why OCSL Could Surprise Bulls

Dec 19

Oaktree Specialty Lending: 14% Yield, Trading At 89 Cents On The Dollar

Dec 13

BlackRock TCP Vs. Oaktree Specialty: Both Are Likely To Cut, One Of Them Sooner

Nov 24

Oaktree Specialty Lending: The Insider Buying Is Bullish

Oct 08

Oaktree Specialty Lending: How Good Is This 14% Yield?

Oct 02

Oaktree Specialty Lending: Excess Software Lending May Compound 'Value Trap' Risk

Sep 25

Oaktree Specialty Lending: Risky 13% Yield

Aug 26

Oaktree Specialty Lending: A Buying Opportunity With A 13% Yield

Aug 20

Oaktree Specialty Lending: Admitting My Mistake And Downgrading This BDC

Aug 02

Oaktree Specialty Lending: Built For Stability And Success

Jul 20

Oaktree Specialty Lending: Priced Attractively, But Dividend May Be Threatened

Jul 03

Oaktree Specialty Lending: Plenty Of Reasons To Remain Bullish

Jun 13

Oaktree Specialty Lending: Credit Issues Continue To Hold Back Performance

May 10

Oaktree Specialty Lending: Love The 11% Yield, Didn't Like The Earnings

May 02

Oaktree Specialty Lending: Trading At A Premium To NAV

Mar 24

Oaktree Specialty Lending: Time To Capitalize On The Market's Overreaction

Mar 13

Oaktree Specialty: Fear Creates 11%-Yielding Buying Opportunity (Rating Upgrade)

Feb 11

Oaktree Specialty Lending: Buy The Panic And Lock In An 11% Yield

Feb 02

Oaktree Speciality Lending: 10% Yielder With A De-Risked Profile

Jan 21

Oaktree Specialty Lending: A Sustainable 10.3% Dividend Yield

Jan 15

BDCs: Oaktree Capital Looks Less Attractive Than Trinity Capital

Sep 17

Oaktree Specialty Lending: Another Dividend Increase As Conservative Marks Push The NAV 5% Lower

Aug 12

Oaktree Specialty Lending raises dividend by 3% to $0.17/share

Aug 04

Oaktree Specialty Lending's Recession-Safe 10.2% Yield Is On Sale

Jul 01

Oaktree Specialty Lending: Investment Grade Dividend Grower Yielding 9.1%

May 13

Oaktree Specialty Lending: An 8.4% Yielding BDC With Another Strong Quarter

Feb 14

Oaktree Specialty Lending: A Rare Combination Of Compelling Valuation And Dividend Growth

Jan 10

OCSL: OK Q3 Results But Internals Look Better

Nov 23

A Rare 8% Yield BDC Offering Dividend Growth, Equity Upside: Oaktree Specialty Lending

Oct 14

8.2% Yield: Buy The Turnaround At Oaktree Specialty Lending

Sep 30

Buy This Dividend Growth Stock Currently Yielding 8.0%: Oaktree

Aug 29

Oaktree Specialty Lending: Improving Portfolio Quality Supports A Bullish Thesis

Jul 01

Revenue & Expenses Breakdown

How Oaktree Specialty Lending makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:OCSL Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2530532480
30 Sep 2531734470
30 Jun 2533446500
31 Mar 253549570
31 Dec 2437055680
30 Sep 2438258780
30 Jun 2438967820
31 Mar 24396103870
31 Dec 23398115890
30 Sep 23379117870
30 Jun 2334885830
31 Mar 2330910720
31 Dec 222773630
30 Sep 2226329640
30 Jun 2225653640
31 Mar 22258137740
31 Dec 21236211770
30 Sep 21209237790
30 Jun 21189271730
31 Mar 21158345640
31 Dec 2015091500
30 Sep 2014339450
30 Jun 20134-17430
31 Mar 20136-118440
31 Dec 19140112520
30 Sep 19148126470
30 Jun 19151146480
31 Mar 19147150450
31 Dec 18143105440
30 Sep 1813947430
30 Jun 18136-112430
31 Mar 18149-142480
31 Dec 17160-153520
30 Sep 17178-197570
30 Jun 17201-75550
31 Mar 17221-74720
31 Dec 16235-78680
30 Sep 16248-67860
30 Jun 16252-66890
31 Mar 16258-40810
31 Dec 15265-19930
30 Sep 1526515940
30 Jun 1527846970

Quality Earnings: OCSL has a large one-off loss of $96.6M impacting its last 12 months of financial results to 31st December, 2025.

Growing Profit Margin: OCSL's current net profit margins (10.6%) are lower than last year (14.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: OCSL's earnings have declined by 38.9% per year over the past 5 years.

Accelerating Growth: OCSL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: OCSL had negative earnings growth (-40.9%) over the past year, making it difficult to compare to the Capital Markets industry average (20.4%).

Return on Equity

High ROE: OCSL's Return on Equity (2.2%) is considered low.

Return on Assets

Return on Capital Employed

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/04 02:23
End of Day Share Price 2026/05/04 00:00
Earnings2025/12/31
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Oaktree Specialty Lending Corporation is covered by 21 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kannan VenkateshwarBarclays
James FotheringhamBMO Capital Markets Equity Research
Mitchel PennBrean Capital Historical (Janney Montgomery)