Blackstone Secured Lending Fund.
Research Blackstone Secured Lending Fund. (BXSL) on Bullrun: valuation model: 9.5% overvalued, market cap USD 5.78B, P/E 19.6, dividend yield 12.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerBXSL
- ExchangeNYSE
- CountryUnited States
- SectorFinancial Services
- IndustryAsset Management
- CurrencyUSD
- Valuation signal9.5% overvalued
- Market capUSD 5.78B
- P/E19.6
- Dividend yield12.5%
- Financial periodQ2 2026
- RevenueUSD 26.71M
- Net incomeUSD 9.49M
- Free cash flowUSD 560.96M
Valuation Snapshot
Bullrun's latest valuation model marks Blackstone Secured Lending Fund. as 9.5% overvalued; latest market cap is USD 5.78B; P/E is 19.6; dividend yield is 12.5%.
Peer valuation comparison
Latest P/E is 19.56x versus a Financial Services sector median of 13.84x (41.3% above).
Latest dividend yield is 12.45% versus a Financial Services sector median of 3.86% (223.0% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 607.89M | USD 563.46M | -USD 458.66M | n/a | 2.46 | USD 289.61M | USD 8.08B | USD 6.25B |
| FY2024 | USD 731.27M | USD 694.10M | -USD 2.53B | n/a | 3.45 | USD 229.61M | USD 7.06B | USD 6.08B |
| FY2023 | n/a | USD 611.95M | n/a | n/a | 3.65 | USD 154.86M | USD 4.91B | USD 4.95B |
| FY2022 | n/a | USD 404.56M | n/a | n/a | 2.44 | USD 131.27M | USD 5.53B | USD 4.16B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 5.78B | 19.6 | 12.4% | 3.08 |
| 2025 | 2025-12-31 | USD 6.11B | 10.7 | 11.7% | 3.08 |
| 2024 | 2024-12-31 | USD 7.17B | 9.3 | 9.5% | 3.08 |
| 2023 | 2023-12-29 | USD 5.06B | 7.8 | 10.6% | 2.94 |
| 2022 | 2022-12-30 | USD 3.57B | 9.3 | 13.0% | 2.91 |
| 2021 | 2021-12-31 | USD 5.76B | 10.6 | n/a | n/a |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 3.08 USD, yield 12.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 3.08 USD |
| FY2024 | 3.08 USD |
| FY2023 | 2.94 USD |
| FY2022 | 2.91 USD |
About Blackstone Secured Lending Fund.
Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act). In addition, the Fund elected to be treated for U.S.
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Frequently asked questions
Is Blackstone Secured Lending Fund. overvalued or undervalued?
Bullrun's valuation model currently marks Blackstone Secured Lending Fund. as 9.5% overvalued.
What is Blackstone Secured Lending Fund.'s market cap?
Blackstone Secured Lending Fund.'s market capitalization is USD 5.78B.
What is Blackstone Secured Lending Fund.'s P/E ratio?
Blackstone Secured Lending Fund.'s price-to-earnings (P/E) ratio is 19.6.
Does Blackstone Secured Lending Fund. pay a dividend?
Blackstone Secured Lending Fund. has a dividend yield of 12.5%.
What does Blackstone Secured Lending Fund. do?
Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act). In addition, the Fund elected to be treated for U.S. federal income tax purposes, as a regulated investment company (RIC), as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the Code).