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SLR Investment (SLRC)

Market Price (6/22/2026): $12.4 | Market Cap: $676.5 MilSector: Financials | Industry: Asset Management & Custody Banks

SLR Investment (SLRC)

Market Price (6/22/2026): $12.4
Market Cap: $676.5 Mil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 26%, Dividend Yield is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 22%

Low stock price volatility
Vol 12M is 23%

Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Credit.

Weak multi-year price returns
2Y Excs Rtn is -43%, 3Y Excs Rtn is -54%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 109%

Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -9.9%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -72%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -72%

Key risks
SLRC key risks include [1] declining investment income from potential rate cuts, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 26%, Dividend Yield is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 22%
1 Low stock price volatility
Vol 12M is 23%
2 Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Credit.
3 Weak multi-year price returns
2Y Excs Rtn is -43%, 3Y Excs Rtn is -54%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 109%
5 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -9.9%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -72%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -72%
7 Key risks
SLRC key risks include [1] declining investment income from potential rate cuts, Show more.

Valuation & Metrics

FYE: 12/31SLRC [1]S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]$101.1 Mil—
FY 2026 Sales$199.6 Mil—
FY 2027 Sales$199.9 Mil—
FY 2026 Sales Growth97.4%—
FY 2027 Sales Growth0.2%7.7%
EARNINGS
LTM Net Income (GAAP) [3]$89.7 Mil—
FY 2026 Net Income (Non-GAAP)$74.1 Mil—
FY 2027 Net Income (Non-GAAP)$74.0 Mil—
FY 2027 Net Income Growth-0.2%15.0%
FY 2026 EPS (Non-GAAP)$1.36—
FY 2027 EPS (Non-GAAP)$1.36—
FY 2027 EPS Growth0.2%—
VALUATION
FY 2026 P/S3.43.2
FY 2027 P/S3.4—
FY 2026 P/E9.120.5
FY 2027 P/E9.1—

[1] SLRC forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 6/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).
SLRCS&P 500
REVENUE GROWTH 
Rev LTM ($ Bil)0.1
Rev Chg Q-9.9%8.8%
Rev Chg LTM4.2%7.5%
Rev Chg 3Y Avg74.3%5.9%
PROFITABILITYVERY GOOD
Op Inc LTM ($ Bil)�
CFO LTM ($ Bil)-0.1
Net Inc LTM ($ Bil)0.1
CFO/Rev LTM-72.2%21.4%
Net Inc Mgn88.7%13.0%
VALUATIONLOW
P/S6.73.2
P/CFO-9.314.9
P/FCF-9.319.1
P/E7.524.2

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MetricValueDateSource
Number of Portfolio Companiesapproximately 9403312025Link
Average Exposure per Issuer$3.2 million3312025Link
Percentage of Portfolio in Senior Secured Loans98.2%9302025Link
Percentage of Portfolio in First Lien Senior Secured Loans96.4%3312025Link
Non-Accrual Rate at Fair Value0.3%6302025Link
Net Debt-to-Equity Ratio1.13x11042025Link
Number of Industries in Portfolioover 1053312025Link
Weighted Average Annualized Yield on Portfolio12.2%8062025Link
Number of Institutional Owners14110282025Link
Percentage of Floating Rate Investments61.8%5112025Link

Price Chart

Recent
6/12/2026DividendAmount: $0.31
Payment On: 6/26/2026

Why The Stock Moved

Qualitative Assessment

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Updated on 6/11/2026

SLR Investment (SLRC) stock has lost about 10% since 2/28/2026 because of the following key factors:

1. Fiscal Q1 2026 earnings and revenue fell short of analyst expectations. SLR Investment (SLRC) reported its fiscal Q1 2026 earnings on May 5, 2026, with an Earnings Per Share (EPS) of $0.33, missing the Zacks Consensus Estimate of $0.40 by $0.07, representing a 17.50% negative surprise. Additionally, quarterly revenue came in at $47.14 million, falling below analysts' expectations of $54.01 million. The company's gross investment income also decreased year-over-year for the quarter, primarily due to a decline in index rates.

2. The company announced a significant reduction in its quarterly dividend. On May 5, 2026, the Board of Directors declared a quarterly distribution of $0.31 per share, payable on June 26, 2026. This marked a notable decrease from the $0.41 per share dividend declared on February 24, 2026. The annualized dividend saw a 24% reduction to $1.24 per share, with a reported payout ratio of 107% of earnings, indicating thin coverage.

Show more
Updated on 6/11/2026

SLR Investment (SLRC) stock has lost about 10% since 2/28/2026 because of the following key factors:

1. Fiscal Q1 2026 earnings and revenue fell short of analyst expectations. SLR Investment (SLRC) reported its fiscal Q1 2026 earnings on May 5, 2026, with an Earnings Per Share (EPS) of $0.33, missing the Zacks Consensus Estimate of $0.40 by $0.07, representing a 17.50% negative surprise. Additionally, quarterly revenue came in at $47.14 million, falling below analysts' expectations of $54.01 million. The company's gross investment income also decreased year-over-year for the quarter, primarily due to a decline in index rates.

2. The company announced a significant reduction in its quarterly dividend. On May 5, 2026, the Board of Directors declared a quarterly distribution of $0.31 per share, payable on June 26, 2026. This marked a notable decrease from the $0.41 per share dividend declared on February 24, 2026. The annualized dividend saw a 24% reduction to $1.24 per share, with a reported payout ratio of 107% of earnings, indicating thin coverage.

3. SLR Investment experienced a decline in its Net Asset Value (NAV). As of March 31, 2026, the company's Net Asset Value (NAV) per share was $18.16, a decrease from $18.26 per share recorded at December 31, 2025. This erosion of underlying asset value was partly attributed to repayments outpacing new investment originations, alongside reduced gross investment income.

4. Multiple analyst downgrades and price target reductions occurred during the period. Following the release of its fiscal Q1 2026 earnings, several analysts lowered their price targets for SLRC. For example, Wells Fargo reduced its price target to $11.00 on May 7, 2026, and JP Morgan set a new target of $13.50 on the same date. The consensus analyst rating for SLR Investment shifted to "Reduce" based on the assessments of 7 analysts.

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Stock Movement Drivers

Fundamental Drivers

The -9.1% change in SLRC stock from 2/28/2026 to 6/21/2026 was primarily driven by a -6.3% change in the company's P/E Multiple.
(LTM values as of)22820266212026Change
Stock Price ($)13.6712.42-9.1%
Change Contribution By: 
Total Revenues ($ Mil)103101-2.1%
Net Income Margin (%)89.6%88.7%-0.9%
P/E Multiple8.17.6-6.3%
Shares Outstanding (Mil)55550.0%
Cumulative Contribution-9.1%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/21/2026
ReturnCorrelation
SLRC-9.1% 
Market (SPY)9.2%19.0%
Sector (XLF)4.7%24.2%

Fundamental Drivers

The -15.6% change in SLRC stock from 11/30/2025 to 6/21/2026 was primarily driven by a -15.3% change in the company's P/E Multiple.
(LTM values as of)113020256212026Change
Stock Price ($)14.7112.42-15.6%
Change Contribution By: 
Total Revenues ($ Mil)1001011.2%
Net Income Margin (%)90.2%88.7%-1.6%
P/E Multiple8.97.6-15.3%
Shares Outstanding (Mil)55550.0%
Cumulative Contribution-15.6%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/21/2026
ReturnCorrelation
SLRC-15.6% 
Market (SPY)9.9%21.3%
Sector (XLF)1.3%33.5%

Fundamental Drivers

The -15.7% change in SLRC stock from 5/31/2025 to 6/21/2026 was primarily driven by a -17.5% change in the company's P/E Multiple.
(LTM values as of)53120256212026Change
Stock Price ($)14.7312.42-15.7%
Change Contribution By: 
Total Revenues ($ Mil)971014.2%
Net Income Margin (%)90.5%88.7%-2.0%
P/E Multiple9.27.6-17.5%
Shares Outstanding (Mil)55550.0%
Cumulative Contribution-15.7%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/21/2026
ReturnCorrelation
SLRC-15.7% 
Market (SPY)28.1%27.6%
Sector (XLF)6.7%37.8%

Fundamental Drivers

The 22.9% change in SLRC stock from 5/31/2023 to 6/21/2026 was primarily driven by a 210.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)53120236212026Change
Stock Price ($)10.1012.4222.9%
Change Contribution By: 
Total Revenues ($ Mil)33101210.3%
Net Income Margin (%)72.7%88.7%22.0%
P/E Multiple23.37.6-67.5%
Shares Outstanding (Mil)55550.0%
Cumulative Contribution22.9%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/21/2026
ReturnCorrelation
SLRC22.9% 
Market (SPY)85.7%46.3%
Sector (XLF)77.0%50.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SLRC Return15%-16%21%19%6%-16%23%
Peers Return35%-11%33%27%-5%-12%68%
S&P 500 Return27%-19%24%23%16%8%98%

Monthly Win Rates [3]
SLRC Win Rate58%33%67%67%42%33% 
Peers Win Rate80%43%72%75%53%27% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SLRC Max Drawdown-10%-31%-13%-10%-18%-22% 
Peers Max Drawdown-9%-26%-10%-10%-23%-19% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: ARCC, OBDC, BXSL, MAIN, FSK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)

How Low Can It Go

EventSLRCS&P 500
2025 US Tariff Shock
  % Loss-18.4%-18.8%
  % Gain to Breakeven22.5%23.1%
  Time to Breakeven371 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-28.9%-24.5%
  % Gain to Breakeven40.7%32.4%
  Time to Breakeven354 days427 days
2020 COVID-19 Crash
  % Loss-62.5%-33.7%
  % Gain to Breakeven166.9%50.9%
  Time to Breakeven331 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-11.2%-19.2%
  % Gain to Breakeven12.6%23.8%
  Time to Breakeven59 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-14.1%-12.2%
  % Gain to Breakeven16.4%13.9%
  Time to Breakeven36 days62 days
2014-2016 Oil Price Collapse
  % Loss-14.2%-6.8%
  % Gain to Breakeven16.6%7.3%
  Time to Breakeven36 days15 days

Compare to ARCC, OBDC, BXSL, MAIN, FSK

In The Past

SLR Investment's stock fell -18.4% during the 2025 US Tariff Shock. Such a loss loss requires a 22.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSLRCS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-28.9%-24.5%
  % Gain to Breakeven40.7%32.4%
  Time to Breakeven354 days427 days
2020 COVID-19 Crash
  % Loss-62.5%-33.7%
  % Gain to Breakeven166.9%50.9%
  Time to Breakeven331 days140 days

Compare to ARCC, OBDC, BXSL, MAIN, FSK

In The Past

SLR Investment's stock fell -18.4% during the 2025 US Tariff Shock. Such a loss loss requires a 22.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About SLR Investment (SLRC)

SLR Investment Corp. (SLRC) operates as a Business Development Company (BDC) that specializes in providing financing solutions to middle-market companies primarily within the United States. The company's core business involves generating income through various forms of debt and equity investments, targeting established companies that typically have revenues between $50 million and $1 billion and EBITDA ranging from $15 million to $100 million.

The main products and services offered by SLRC are a variety of debt instruments, including senior secured loans (first lien unitranche and second lien) and subordinated (unsecured) debt. In addition to debt financing, SLR Investment also makes minority equity and non-control equity investments. These capital commitments, generally ranging from $5 million to $100 million, are used by client companies for purposes such as leveraged buyouts, acquisitions, recapitalizations, general refinancing, and funding growth capital initiatives.

SLRC serves a broad spectrum of industries across the U.S. middle market, providing capital to companies in sectors ranging from aerospace and defense, manufacturing, and technology, to finance, professional services, and a significant focus on life sciences (including specialty pharmaceuticals, medical devices, and biotechnology). The company’s strategy emphasizes strategic income-oriented investments, with a typical investment horizon aiming for exit within three years of the initial capital commitment.

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Think of SLRC as the "JPMorgan Chase for established, mid-sized American companies."

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  • Secured Loans: SLR Investment provides various forms of secured debt, including first lien unitranche and second lien loans, to middle market companies.
  • Subordinated Debt: The firm offers unsecured debt and mezzanine loans, which are subordinate to senior debt, to provide flexible financing solutions.
  • Equity Investments: SLR Investment makes both minority and strategic income-oriented control equity investments in leveraged middle market companies.

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SLR Investment Corp. (SLRC) is a business development company (BDC) that specializes in providing financing and making equity investments in middle-market companies. In this business model, SLRC's "customers" are the companies it provides capital to, which are referred to as its portfolio companies. Based on the provided description: SLRC invests in "leveraged middle market companies" with revenues typically between $50 million and $1 billion and EBITDA between $15 million and $100 million. These companies span a wide array of industries. Due to the nature of its business as a diversified lender and investor in typically private middle-market companies, SLRC does not have "major customers" in the traditional sense that purchase its products or services, nor does it typically identify a few specific companies as major revenue generators. Its strategy involves a broad portfolio of investments to diversify risk. The companies it provides capital to are primarily private entities, and therefore do not have public stock symbols. Therefore, SLRC's customers are best described as:
  • Private Middle-Market Companies: These are companies across various industries, typically with revenues between $50 million and $1 billion and EBITDA between $15 million and $100 million, to which SLRC provides senior secured loans, mezzanine loans, and equity securities.
Given the diversified and private nature of its investment portfolio, specific names of "major customer companies" with public symbols are not applicable or publicly identified for SLRC.

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Michael Gross, Co-Chief Executive Officer and President

Michael Gross has been the company's Chief Executive Officer and President since 2007, and Co-Chief Executive Officer since 2019. He also serves as Chairman of the Board. With over 30 years of experience in private equity, distressed debt, and mezzanine lending, Mr. Gross co-founded SLR Capital Partners, LLC, the investment advisor for the SLR BDCs. Between 2004 and 2006, he was President, Chief Executive Officer, and Chairman of Apollo Investment Corporation, a publicly traded business development company that he founded. Additionally, Mr. Gross is a founder and former senior partner of Apollo Management, L.P., a prominent private equity firm. During his tenure at Apollo Management, L.P. from 1990 to 2006, he was a member of the investment committee overseeing over $13 billion invested in more than 150 companies. He also formed Apollo Distressed Investment Fund, L.P. in 2003, which invested primarily in debt and other securities of leveraged companies.

Shiraz Kajee, Chief Financial Officer and Treasurer

Shiraz Kajee assumed the role of Chief Financial Officer and Treasurer of SLR Investment Corp. in April 2023. Prior to joining SLR, Mr. Kajee served as a Managing Director at New Mountain Capital and as CFO/Treasurer for several New Mountain BDCs from 2015 to 2023. His professional background also includes serving as the Head of U.S. Finance at Man Investments from 2012 to 2015, and holding positions at Goldman, Sachs & Co. and Citigroup Inc. He began his career at Ernst & Young LLP. Mr. Kajee is a New York State Certified Public Accountant and a Chartered Global Management Accountant.

Bruce Spohler, Co-Chief Executive Officer and Chief Operating Officer

Bruce Spohler serves as Co-Chief Executive Officer, Chief Operating Officer, and Director of SLR Investment Corp.. He is a co-founder of the SLR platform, along with Michael Gross, and possesses over 30 years of experience in private equity and leveraged lending. Mr. Spohler has held the position of Chief Operating Officer since February 2007 and became Co-Chief Executive Officer in June 2019. He is also a managing member and senior investment professional of SLR Capital Partners, which is SLR Investment Corp.'s external adviser.

Guy Talarico, Chief Compliance Officer and Secretary

Guy Talarico holds the titles of Chief Compliance Officer and Secretary at SLR Investment Corp..

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Key Risks to SLR Investment Corp. (SLRC)

  1. Credit Risk and Deterioration of Portfolio Company Performance: As a business development company specializing in secured and unsecured debt and equity investments in leveraged middle-market companies, SLR Investment Corp. is highly susceptible to the credit quality and financial health of its portfolio companies. An economic downturn, specific industry challenges, or operational issues within these companies could lead to payment defaults, non-accruals on loans, and a decline in the value of its debt and equity investments, significantly impacting SLRC's income and net asset value.

  2. Interest Rate Risk: SLR Investment Corp.'s profitability is sensitive to fluctuations in interest rates. Rising interest rates could increase the company's borrowing costs, if it uses leverage to fund investments, and simultaneously increase the debt service burden on its portfolio companies, particularly those with floating-rate loans. This could potentially lead to a higher incidence of defaults within its portfolio. Conversely, a significant decline in interest rates could reduce the income earned on its floating-rate assets.

  3. Valuation Risk of Illiquid Investments: A substantial portion of SLR Investment Corp.'s assets consists of investments in privately held, middle-market companies. These investments are inherently illiquid and lack readily observable market prices, making their valuation subjective. The determination of fair value by management and the board often relies on estimates and assumptions, which may not always reflect the price that could be obtained in an orderly transaction. Significant adjustments to these valuations, or an inability to realize the recorded fair value upon exit, could materially affect SLRC's net asset value and financial performance.

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SLR Investment Corp. (SLRC) operates within the U.S. private credit and middle-market lending markets, which constitute its primary addressable markets.

The U.S. private credit market is estimated to be approximately $1.3 trillion, with some projections for 2025 reaching $1.34 trillion. This market has experienced significant growth, expanding from $500 billion to $1.3 trillion over the last five years. Other estimates for the U.S. private credit market range around $1.25 trillion as of June 2024. Globally, the private credit market is estimated between $1.5 trillion and $2.1 trillion, with roughly three-quarters of it located in the United States.

The direct lending segment, which predominantly serves middle-market companies and is a core area for SLR Investment Corp., was estimated to be $1.0 trillion in the U.S. as of March 31, 2022. Direct lending accounted for 54.9% of fund closings in the private debt area in the first half of 2024. Business Development Companies (BDCs), like SLRC, make up about $500 billion of the private credit market.

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SLR Investment Corp. (SLRC) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

  1. Increased Originations in Asset-Based Lending and Specialty Finance: SLR Investment is strategically shifting its portfolio mix towards asset-based lending (ABL) and other specialty finance strategies, which are noted for offering more attractive risk-adjusted returns and greater downside protection. This focus has already led to significant growth, with ABL originations nearly doubling in the fourth quarter of 2025 compared to the prior year. The company's emphasis on these areas is expected to continue to be a primary driver of new investment activity and, consequently, revenue.
  2. Deployment of Available Capital: As of December 31, 2025, SLR Investment had over $850 million in aggregate available capital. This substantial liquidity provides the company with significant flexibility to originate new investments and capitalize on market opportunities, directly contributing to an expansion of its income-generating asset base.
  3. Overall Portfolio Growth: The company demonstrated robust comprehensive portfolio growth of 7.2% annually in 2025, reaching $3.3 billion by year-end. Sustained expansion of its investment portfolio, driven by consistent high-volume originations across its diversified strategies, is a fundamental driver for increasing net investment income. The firm originated $462 million of new investments in Q4 2025, marking its second-highest quarter on record, and $1.837 billion for the full year 2025.

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Share Repurchases

  • SLR Investment Corp. authorized an additional $635.0 million for share repurchases on September 17, 2025, supplementing a prior $500.0 million authorization from March 17, 2020, both with no expiration date.
  • During 2025, the company repurchased 1.4 million shares at a cost of $252.4 million.
  • As of December 31, 2025, $924.7 million remained authorized for future share repurchases.

Share Issuance

  • On April 1, 2022, SLR Investment Corp. completed a merger with SLR Senior Investment Corp. (SUNS), resulting in former SUNS shareholders receiving 0.7796 shares of SLRC for each SUNS share.
  • Following the merger, legacy SLRC shareholders and former SUNS shareholders own approximately 77% and 23%, respectively, of the combined company.

Outbound Investments

  • For the year ended December 31, 2025, SLR Investment Corp. made investments (originations) totaling $1,837.2 million.
  • The company's Comprehensive Investment Portfolio had a fair value of $3.305 billion as of December 31, 2025.
  • SLRC primarily invests in directly originated senior secured loans to U.S. middle-market companies across various industries, including financial services and healthcare.

Capital Expenditures

  • SLR Investment Corp. has reported minimal to no traditional capital expenditures over the last several years.

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PDBCInvesco Optimum Yield Diversified Com...Commodity-12.4%24.5%

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Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Peers to compare with:

Financials

SLRCARCCOBDCBXSLMAINFSKMedian
NameSLR Inve.Ares Cap.Blue Owl.Blacksto.Main Str.FS KKR C. 
Mkt Price12.4218.0310.8723.6150.9710.2715.23
Mkt Cap0.712.95.45.54.62.95.0
Rev LTM1011,362445485526-459465
Op Inc LTM-------
FCF LTM-73-1,2342,670-634-1641,255-118
FCF 3Y Avg73-1,3411,319-811-21,29235
CFO LTM-73-1,2342,670-634-1641,255-118
CFO 3Y Avg73-1,3411,319-811-21,29235

Growth & Margins

SLRCARCCOBDCBXSLMAINFSKMedian
NameSLR Inve.Ares Cap.Blue Owl.Blacksto.Main Str.FS KKR C. 
Rev Chg LTM4.2%-10.3%-38.7%-30.7%-13.5%-176.1%-22.1%
Rev Chg 3Y Avg74.3%38.6%-10.6%11.0%19.4%174.2%29.0%
Rev Chg Q-9.9%-49.0%-100.8%-75.2%-47.4%-418.7%-62.1%
QoQ Delta Rev Chg LTM-2.1%-9.6%-37.4%-20.3%-11.2%-550.0%-15.7%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM-72.2%-90.6%600.6%-130.8%-31.2%--72.2%
CFO/Rev 3Y Avg78.5%-89.9%250.9%-129.5%-0.7%--0.7%
FCF/Rev LTM-72.2%-90.6%600.6%-130.8%-31.2%--72.2%
FCF/Rev 3Y Avg78.5%-89.9%250.9%-129.5%-0.7%--0.7%

Valuation

SLRCARCCOBDCBXSLMAINFSKMedian
NameSLR Inve.Ares Cap.Blue Owl.Blacksto.Main Str.FS KKR C. 
Mkt Cap0.712.95.45.54.62.95.0
P/S6.79.512.211.38.8-9.5
P/Op Inc-------
P/EBIT-------
P/E7.611.315.012.510.8-5.211.0
P/CFO-9.3-10.52.0-8.6-28.22.3-9.0
Total Yield26.4%18.9%20.8%20.5%16.7%8.1%19.7%
Dividend Yield13.2%10.0%14.2%12.5%7.4%27.3%12.8%
FCF Yield 3Y Avg7.2%-9.6%23.5%-12.1%0.2%30.5%3.7%
D/E1.71.21.61.50.52.51.5
Net D/E1.11.21.51.40.52.51.3

Returns

SLRCARCCOBDCBXSLMAINFSKMedian
NameSLR Inve.Ares Cap.Blue Owl.Blacksto.Main Str.FS KKR C. 
1M Rtn-1.9%-0.5%-1.5%1.2%3.2%-0.9%-0.7%
3M Rtn-9.5%3.0%0.9%2.7%-6.0%7.2%1.8%
6M Rtn-14.4%-4.7%-8.4%-8.3%-12.0%-23.7%-10.2%
12M Rtn-14.8%-7.5%-15.3%-15.1%-6.1%-40.7%-15.0%
3Y Rtn19.5%31.5%13.5%20.5%69.3%-12.6%20.0%
1M Excs Rtn-3.8%-2.4%-3.6%-1.7%-0.6%-1.1%-2.0%
3M Excs Rtn-24.7%-11.9%-15.2%-13.2%-20.2%-8.4%-14.2%
6M Excs Rtn-26.1%-16.0%-21.0%-20.1%-22.8%-36.5%-21.9%
12M Excs Rtn-40.4%-32.2%-40.7%-40.8%-30.7%-65.1%-40.6%
3Y Excs Rtn-54.3%-43.0%-58.2%-48.7%-7.7%-86.3%-51.5%

Comparison Analyses

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Financials

$ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
Filing Date5/5/20262/24/202611/4/20258/5/20255/7/20252/25/202511/6/20248/7/20245/8/20242/27/202411/7/20238/8/2023
Key Financials Quarterly            
Total Revenue202827272225252630263021
Net Income172523242023222328242719
EPS0.310.460.430.440.370.420.400.430.510.430.490.35
Key Financials TTM            
Total Revenue TTM1011031009897105106111107878369
Net Income TTM9093908988969710297767258
Growth Rates Quarterly            
Total Revenue Growth-9.9%13.9%8.2%3.4%-26.5%-5.7%-16.7%21.0%209.5%15.0%91.6%240.5%
Net Income Growth-14.1%10.9%5.7%4.3%-28.5%-4.3%-18.2%22.3%308.4%24.3%99.2%221.4%
Margins Quarterly            
Net Income Margin85.9%89.7%87.6%91.0%90.1%92.1%89.7%90.1%92.6%90.8%91.3%89.2%
Cash & Debt            
Total Cash400364394373467414346285308344343348
Total Debt1,1381,1461,1391,1731,0391,0321,1021,1541,1571,1781,1921,213
Net Debt / (Cash)738782745800572617756869849834849865
Cash Flows Quarterly            
FCF from Operations67-1479-20568162137373839-164
Cash Flows TTM            
FCF from Operations TTM-73-7210416237030918588-79-77125-143
Returns to Shareholders Quarterly            
Dividends222222222222222222222230
Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC3.7%5.3%5.0%5.1%4.7%5.2%4.7%4.7%5.7%4.8%5.4%3.7%
Return on Invested Capital (ROIC) TTM            
ROIC TTM4.8%4.9%4.8%4.6%5.2%5.5%5.2%5.1%5.0%3.9%3.6%2.9%

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment224232214119138
Total224232214119138


Price Behavior

Price Behavior
Market Price$12.42 
Market Cap ($ Bil)0.7 
First Trading Date02/09/2010 
Distance from 52W High-21.1% 
   50 Days200 Days
DMA Price$13.74$14.10
DMA Trenddowndown
Distance from DMA-9.6%-11.9%
 3M1YR
Volatility34.0%23.4%
Downside Capture90.9180.52
Upside Capture14.7739.67
Correlation (SPY)17.1%27.4%
SLRC Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta-2.050.040.420.470.530.59
Up Beta-5.69-0.30-0.020.220.450.59
Down Beta-1.99-0.670.710.640.490.68
Up Capture-186%-13%24%22%29%21%
Bmk +ve Days13283667141432
Stock +ve Days9233357124392
Down Capture82%133%84%81%84%78%
Bmk -ve Days7132757109318
Stock -ve Days11183062118327

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with SLRC
SLRC-15.1%23.3%-0.76-
Sector ETF (XLF)8.3%14.6%0.3338.1%
Equity (SPY)26.5%12.4%1.6127.7%
Gold (GLD)24.2%27.5%0.77-7.9%
Commodities (DBC)19.8%18.8%0.832.2%
Real Estate (VNQ)11.0%13.7%0.5219.2%
Bitcoin (BTCUSD)-40.0%42.4%-1.0819.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with SLRC
SLRC1.7%20.3%0.01-
Sector ETF (XLF)9.3%18.6%0.3752.3%
Equity (SPY)13.5%17.1%0.6249.8%
Gold (GLD)17.1%18.3%0.764.0%
Commodities (DBC)7.5%19.4%0.2916.7%
Real Estate (VNQ)1.9%18.9%0.0042.6%
Bitcoin (BTCUSD)11.0%54.2%0.4022.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with SLRC
SLRC5.5%29.5%0.24-
Sector ETF (XLF)13.0%22.2%0.5448.4%
Equity (SPY)15.3%18.0%0.7344.9%
Gold (GLD)12.3%16.1%0.633.5%
Commodities (DBC)5.9%18.0%0.2620.3%
Real Estate (VNQ)5.3%20.7%0.2243.8%
Bitcoin (BTCUSD)60.0%66.8%1.0016.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity1.0 Mil
Short Interest: % Change Since 515202620.1%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest3.3 days
Basic Shares Quantity54.6 Mil
Short % of Basic Shares1.7%

Returns Analyses

Earnings Returns History

Updated 6/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/2026-12.6%-17.8%-17.7%
2/24/20263.3%1.1%0.4%
11/4/20251.0%1.0%4.2%
8/5/20253.3%3.3%4.8%
5/7/20251.1%6.0%9.1%
2/25/2025-1.7%0.6%-0.3%
11/6/20243.3%3.8%8.6%
8/7/20243.5%2.6%5.7%
...
SUMMARY STATS   
# Positive151816
# Negative746
Median Positive1.2%2.8%5.3%
Median Negative-1.2%-4.3%-1.7%
Max Positive3.6%6.5%11.8%
Max Negative-12.6%-17.8%-17.7%
 Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/2026-12.6%-17.8%-17.7%
2/24/20263.3%1.1%0.4%
11/4/20251.0%1.0%4.2%
8/5/20253.3%3.3%4.8%
5/7/20251.1%6.0%9.1%
2/25/2025-1.7%0.6%-0.3%
11/6/20243.3%3.8%8.6%
8/7/20243.5%2.6%5.7%
5/8/20242.4%2.9%6.9%
2/27/20240.2%2.9%5.9%
11/7/20230.6%1.8%4.5%
2/28/20233.6%6.5%2.3%
11/2/2022-1.2%2.9%11.8%
8/2/20222.9%5.7%7.1%
5/3/20220.3%-4.8%-2.7%
3/2/2022-1.8%-1.2%3.6%
11/3/2021-0.9%1.2%-0.7%
8/3/2021-0.5%1.5%-0.3%
5/5/20211.2%-3.8%2.0%
2/24/2021-0.4%0.1%-3.8%
11/5/20200.2%2.6%6.6%
8/4/20200.6%3.4%0.7%
SUMMARY STATS   
# Positive151816
# Negative746
Median Positive1.2%2.8%5.3%
Median Negative-1.2%-4.3%-1.7%
Max Positive3.6%6.5%11.8%
Max Negative-12.6%-17.8%-17.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/05/202610-Q
12/31/202502/24/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/07/202510-Q
12/31/202402/25/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/27/202410-K
09/30/202311/07/202310-Q
06/30/202308/08/202310-Q
03/31/202305/10/202310-Q
12/31/202202/28/202310-K
09/30/202211/02/202210-Q
06/30/202208/02/202210-Q
 Collapse to Preview
Report DateFiling DateFiling
03/31/202605/05/202610-Q
12/31/202502/24/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/07/202510-Q
12/31/202402/25/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/27/202410-K
09/30/202311/07/202310-Q
06/30/202308/08/202310-Q
03/31/202305/10/202310-Q
12/31/202202/28/202310-K
09/30/202211/02/202210-Q
06/30/202208/02/202210-Q
03/31/202205/03/202210-Q
12/31/202103/01/202210-K
09/30/202111/03/202110-Q
06/30/202108/03/202110-Q
03/31/202105/05/202110-Q
12/31/202002/24/202110-K
09/30/202011/05/202010-Q
06/30/202008/04/202010-Q
03/31/202005/07/202010-Q
12/31/201902/20/202010-K
09/30/201911/04/201910-Q
06/30/201908/05/201910-Q

Insider Activity

Updated 5/14/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Gross, Michael SSee RemarksSee FootnotesBuy514202613.1010,000130,99652,989,886Form
2Gross, Michael SSee RemarksSee FootnotesBuy514202613.0910,000130,85352,801,188Form
3Gross, Michael SSee RemarksSee FootnotesBuy317202613.9010,452145,24655,935,539Form
4Gross, Michael SSee RemarksSee FootnotesBuy317202613.9125,000347,85855,861,754Form
5Gross, Michael SSee RemarksSee FootnotesBuy305202614.8315,019222,73259,167,266Form
 Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Gross, Michael SSee RemarksSee FootnotesBuy514202613.1010,000130,99652,989,886Form
2Gross, Michael SSee RemarksSee FootnotesBuy514202613.0910,000130,85352,801,188Form
3Gross, Michael SSee RemarksSee FootnotesBuy317202613.9010,452145,24655,935,539Form
4Gross, Michael SSee RemarksSee FootnotesBuy317202613.9125,000347,85855,861,754Form
5Gross, Michael SSee RemarksSee FootnotesBuy305202614.8315,019222,73259,167,266Form
6Spohler, Bruce JSee RemarksSee FootnotesBuy305202614.8315,019222,73256,768,899Form
7Gross, Michael SSee RemarksSee FootnotesBuy305202614.7389,8001,322,75458,547,066Form
8Spohler, Bruce JSee RemarksSee FootnotesBuy305202614.7389,8001,322,75456,164,871Form
9Roberts, Andrea Colvin See footnoteBuy910202516.737,190120,254120,254Form

Industry Resources

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Core Cache Last Updated: 6/21/2026