Financial health
- Total debt ($1.5B) exceeds cash ($76M); net debt is $1.5B.
Shareholder returns
- Dividends have been paid for 6 consecutive years, consuming 148.7% of earnings.
- The dividend has grown 1.5% per year over the past 5 years.
CGBD Financials Carlyle Secured Lending, Inc.
6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | — | $70M | — | — | — | $1.5B | $76M |
| 2024 | — | $89M | — | — | — | $961M | $57M |
| 2023 | — | $92M | — | — | — | $980M | $60M |
| 2022 | — | $86M | — | — | — | $1.1B | $31M |
| 2021 | — | $160M | — | — | — | $1.0B | $93M |
| 2020 | — | $7M | — | — | — | — | $68M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | — | -$4M | — | — | — | $1.4B | $97M |
| Dec '25 | — | $17M | — | — | — | $1.5B | $76M |
| Sep '25 | — | $24M | — | — | — | $1.3B | $52M |
| Jun '25 | — | $15M | — | — | — | $1.3B | $49M |
| Mar '25 | — | $14M | — | — | — | $1.2B | $251M |
| Dec '24 | — | $21M | — | — | — | $961M | $57M |
| Sep '24 | — | $20M | — | — | — | $849M | $69M |
| Jun '24 | — | $19M | — | — | — | $906M | $92M |
| Mar '24 | — | $29M | — | — | — | $930M | $70M |
| Dec '23 | — | $30M | — | — | — | $980M | $60M |
| Sep '23 | — | $30M | — | — | — | $1.0B | $55M |
| Jun '23 | — | $5M | — | — | — | $1.0B | $54M |
| Mar '23 | — | $28M | — | — | — | $1.1B | $43M |
| Dec '22 | — | $12M | — | — | — | $1.1B | $31M |
| Sep '22 | — | $38M | — | — | — | — | $69M |
| Jun '22 | — | $5M | — | — | — | — | $39M |
| Mar '22 | — | $31M | — | — | — | — | $70M |
| Dec '21 | — | $34M | — | — | — | $1.0B | $93M |
| Sep '21 | — | $48M | — | — | — | — | $46M |
Valuation over time
How the market has priced CGBD against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 11.1× (Mar '23) to 10.5× (Jun '26).
- The dividend yield has risen from 9.2% (Mar '23) to 14.2% (Jun '26).
P/E
Dividend yield %
Frequently asked questions
Is CGBD growing its revenue and profit?
See the revenue and net-income charts above for Carlyle Secured Lending, Inc.'s multi-year trend.
How much debt does CGBD have?
As of FY2025, Carlyle Secured Lending, Inc. reported $1.5B of total debt against $76M of cash.
What is CGBD's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is CGBD's P/E ratio?
As of Jun '26, Carlyle Secured Lending, Inc. traded at a price-to-earnings ratio of about 10.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.