Oaktree Specialty Lending Corporation

OCSLNASDAQFinancial Services● Active

$11.87

$-0.05(-0.42%)

Market Cap$1.0B

P/E Ratio—

52W High$14.77

52W Low$10.63

Avg Volume953K

Open$11.89

Beta0.57

Free Cash Flow Financials Revenue

Oaktree Specialty Lending Corporation (OCSL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

OCSL · free cash flow · updated Jun 8, 2026

Core FCF metrics

OCSL · FCF · TTM · margin & CAGR

Free cash flow was $142.4M for FY2025 (fiscal year ending 2025-09-30), up 646.5% year-over-year The FCF margin was 47.5%.

FY2025 Free Cash Flow$142.4M▲ +646.5% YoY

Trailing 12M (TTM)$12.5Mtrailing 4 quarters sum

FCF Margin47.5%$142.4M ÷ revenue

3-Year CAGR+85.3%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

OCSL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$142.4M(0M)$142.4M▲ +646.5%47.5%

FY2024$19.1M(0M)$19.1M▼ 91.7%10.2%

FY2023$228.8M(0M)$228.8M▲ +921.5%96.6%

FY2022$22.4M(0M)$22.4M▲ +109.7%26.0%

FY2021−$230.5M(0M)−$230.5M▼ 50.8%-82.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

OCSL · P/FCF · FCF yield · FCF per share

Oaktree Specialty Lending Corporation (OCSL) trades at a FCF yield of 1.20% and a price-to-free-cash-flow ratio of 79.1x. FCF per share stands at $0.15, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.20%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.15

TTM FCF ÷ Shares Outstanding

Price / FCF

x79.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x201.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-30

Cash flow statement summary

OCSL · cash flow statement · operating / investing / financing

For FY2025, Oaktree Specialty Lending Corporation generated $142.4M in operating cash flow and spent 0M in capital expenditures, yielding $142.4M in free cash flow.

Operating Activities

+$142.4M

Cash from core business operations

2025-09-30

Investing Activities

+$86.0M

CapEx, acquisitions & investments

2025-09-30

Financing Activities

−$229.3M

Buybacks, dividends & debt

2025-09-30

FCF FormulaOperating CF ($142.4M) − |CapEx| (0M) = FCF ($142.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

OCSL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Oaktree Specialty Lending CorporationYOU

OCSL

$142.4M+646.5%47.5%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Oaktree Specialty Lending Corporation (OCSL) reported free cash flow of $142.4M for FY2025 (fiscal year ending 2025-09-30), up 646.5% year-over-year. The FCF margin was 47.5%.

Based on available data, Oaktree Specialty Lending Corporation has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $486.9M in FY2017.

Oaktree Specialty Lending Corporation's FCF yield is 1.20% and price-to-FCF ratio is 79.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

OCSL free cash flow · 8 questions

Oaktree Specialty Lending Corporation free cash flow was $142.4M for FY2025, up 646.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $12.5M.

OCSL free cash flowOCSL FCFOCSL FCF 2025OCSL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Oaktree Specialty Lending Corporation · Oaktree Specialty Lending Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026