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Oaktree Specialty Lending Corp (OCSL) Stock Fundamental Analysis & AI Rating 2026

OCSL Nasdaq DE CIK: 0001414932
Recently Updated • Analysis: Apr 13, 2026 • SEC Data: 2025-12-31
Combined AI Rating
SELL
74% Confidence
STRONG AGREEMENT
SELL
82% Conf
SELL
66% Conf

📊 OCSL Key Takeaways

Revenue: N/A
Net Margin: N/A
Free Cash Flow: $-83.5M
Current Ratio: N/A
Debt/Equity: 1.12x
EPS: $0.06
AI Rating: SELL with 82% confidence
Oaktree Specialty Lending Corp (OCSL) receives a SELL rating with 74% confidence from our AI fundamental analysis based on SEC 10-K filings., and return on equity (ROE) of 0.4% Below is our complete OCSL stock analysis for 2026.

Is Oaktree Specialty Lending Corp (OCSL) a Good Investment?

Claude

OCSL exhibits severe operational deterioration with net income declining 41.4% YoY and operating cash flow deeply negative at -$83.5M, indicating the company cannot sustain operations from internal cash generation. Extremely weak returns on equity (0.4%) and assets (0.2%) coupled with elevated leverage (1.12x Debt/Equity) and minimal cash reserves ($80.8M against $1.6B debt) create refinancing risk and limited financial flexibility.

ChatGPT

Profitability has weakened materially, with net income and EPS down sharply year over year and returns (ROE/ROA) running well below acceptable levels. While leverage is moderate and liquidity exists, negative operating cash flow and lack of visibility on interest coverage argue for caution until earnings quality and cash generation stabilize.

Why Buy Oaktree Specialty Lending Corp Stock? OCSL Key Strengths

Claude
  • + Positive accounting net income of $5.6M providing some earnings buffer
  • + Substantial asset base of $3.1B providing collateral value
  • + Moderate insider activity with 2 Form 4 filings suggesting some management engagement
ChatGPT
  • + Large asset base and $1.44B equity provide capitalization
  • + Moderate leverage (1.12x debt/equity) within industry norms
  • + Cash and equivalents of $80.81M offer a liquidity buffer

OCSL Stock Risks: Oaktree Specialty Lending Corp Investment Risks

Claude
  • ! Negative operating cash flow of -$83.5M indicating business cannot self-sustain
  • ! Severe earnings decline of 41.4% YoY and EPS decline of 45.8% YoY signaling portfolio stress
  • ! High leverage (1.12x D/E) with low liquidity ($80.8M cash vs $1.6B debt) creating refinancing vulnerability
  • ! Negligible returns on capital (0.4% ROE, 0.2% ROA) unsustainable for equity investors
  • ! Divergence between positive accounting income and negative cash flow suggests potential credit deterioration or portfolio write-down risk
ChatGPT
  • ! Deteriorating earnings (net income and EPS sharply lower YoY)
  • ! Very weak profitability (ROE 0.4%, ROA 0.2%)
  • ! Negative operating cash flow (-$83.45M) with unknown interest coverage

Key Metrics to Watch

Claude
  • * Operating cash flow trend and return to positive generation
  • * Credit loss provisions and portfolio quality metrics
  • * Net income trajectory and EPS stabilization
  • * Cash position and debt maturity schedule
  • * Dividend coverage from actual cash flow
ChatGPT
  • * Net income (YoY)
  • * Operating cash flow

Oaktree Specialty Lending Corp (OCSL) Financial Metrics & Key Ratios

Revenue
N/A
Net Income
$5.6M
EPS (Diluted)
$0.06
Free Cash Flow
$-83.5M
Total Assets
$3.1B
Cash Position
$80.8M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

OCSL Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin N/A
Net Margin N/A
ROE 0.4%
ROA 0.2%
FCF Margin N/A

OCSL vs Market Sector: How Oaktree Specialty Lending Corp Compares

How Oaktree Specialty Lending Corp compares to Market sector averages

Net Margin
OCSL 0.0%
vs
Sector Avg 12.0%
OCSL Sector
ROE
OCSL 0.4%
vs
Sector Avg 15.0%
OCSL Sector
Current Ratio
OCSL 0.0x
vs
Sector Avg 1.8x
OCSL Sector
Debt/Equity
OCSL 1.1x
vs
Sector Avg 0.7x
OCSL Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Oaktree Specialty Lending Corp Stock Overvalued? OCSL Valuation Analysis 2026

Based on fundamental analysis, Oaktree Specialty Lending Corp has mixed fundamental signals relative to the Market sector in 2026.

Return on Equity
0.4%
Sector avg: 15%
Net Profit Margin
N/A
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.12x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Oaktree Specialty Lending Corp Balance Sheet: OCSL Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
1.12x
Debt/Assets
53.6%
Interest Coverage
N/A
Long-term Debt
$1.6B

OCSL Revenue & Earnings Growth: 5-Year Financial Trend

OCSL 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Oaktree Specialty Lending Corp's revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $1.63 reflects profitable operations.

OCSL Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
N/A
Free cash flow / Revenue

Oaktree Specialty Lending Corp Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$83.5M
Cash generated from operations
Stock Buybacks
$1.1M
Shares repurchased (TTM)
Dividends Paid
$34.1M
Returned to shareholders

OCSL SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Oaktree Specialty Lending Corp (CIK: 0001414932)

📋 Recent SEC Filings

Date Form Document Action
Mar 18, 2026 4 xslF345X06/ownership.xml View →
Mar 18, 2026 4 xslF345X06/ownership.xml View →
Mar 4, 2026 8-K d49373d8k.htm View →
Feb 4, 2026 8-K d12028d8k.htm View →
Feb 4, 2026 10-Q ocsl-20251231.htm View →

Frequently Asked Questions about OCSL

What is the AI rating for OCSL?

Oaktree Specialty Lending Corp (OCSL) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (SELL) with 74% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are OCSL's key strengths?

Claude: Positive accounting net income of $5.6M providing some earnings buffer. Substantial asset base of $3.1B providing collateral value. ChatGPT: Large asset base and $1.44B equity provide capitalization. Moderate leverage (1.12x debt/equity) within industry norms.

What are the risks of investing in OCSL?

Claude: Negative operating cash flow of -$83.5M indicating business cannot self-sustain. Severe earnings decline of 41.4% YoY and EPS decline of 45.8% YoY signaling portfolio stress. ChatGPT: Deteriorating earnings (net income and EPS sharply lower YoY). Very weak profitability (ROE 0.4%, ROA 0.2%).

What is OCSL's revenue and growth?

Oaktree Specialty Lending Corp reported revenue of N/A.

Does OCSL pay dividends?

Oaktree Specialty Lending Corp pays dividends, with $34.1M distributed to shareholders in the trailing twelve months.

Where can I find OCSL SEC filings?

Official SEC filings for Oaktree Specialty Lending Corp (CIK: 0001414932) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is OCSL's EPS?

Oaktree Specialty Lending Corp has a diluted EPS of $0.06.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is OCSL a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Oaktree Specialty Lending Corp has a SELL rating with 74% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is OCSL stock overvalued or undervalued?

Valuation metrics for OCSL: ROE of 0.4% (sector avg: 15%), net margin of N/A (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy OCSL stock in 2026?

Our dual AI analysis gives Oaktree Specialty Lending Corp a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is OCSL's free cash flow?

Oaktree Specialty Lending Corp's operating cash flow is $-83.5M, with capital expenditures of N/A.

How does OCSL compare to other Market stocks?

Vs Default sector averages: Net margin N/A (avg: 12%), ROE 0.4% (avg: 15%), current ratio N/A (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 13, 2026 | Data as of: 2025-12-31 | Powered by Claude AI