SLRC
SLR Investment Corp.
SLRC's fundamentals are mixed, but it looks expensive: trading at 11x earnings, in line with its usual 10x. Analysts expect earnings to decline.
SLRC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| N/A | |
| N/A |
SLRC's revenue is currently healthy, and its profitability is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like SLRC.
SLRC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.6x | $9.12 | -21% |
| Forward | 8.8x | $11.61 | — |
| Fair | 10x | $10.85 | -6.5% |
| Current | 11x | $11.61 | — |
| Expensive | 19x | $20.31 | +75% |
Historical ranges are pointers, not guarantees.
SLRC's PE is in its fair range at 11x. On analysts' estimates for next year's earnings, today's price would be 8.8x, in its cheap range.
SLRC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect SLRC's earnings and profitability to decline, with its revenue holding steady.
SLRC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.32 | +25% |
| Q3 2026 | $1.06 | -36% |
| Q2 2026 | $1.35 | -17% |
| Q1 2026 | $1.64 | +1.2% |
| Q4 2025 | $1.70 | -3.4% |
| Q3 2025 | $1.66 | -6.2% |
| Q2 2025 | $1.63 | -12% |
| Q1 2025 | $1.62 | -9% |
| Q4 2024 | $1.76 | +26% |
SLRC's earnings per share have fallen from their peak: $1.06 over the past year, against $2.66 in early 2021.
SLRC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2023 | $25M | +82% |
| Q4 2022 | $37.2M | +111% |
| Q3 2022 | $28.2M | +24% |
| Q1 2022 | $13.8M | -56% |
| Q4 2021 | $17.6M | -36% |
| Q3 2021 | $22.7M | -16% |
| Q2 2021 | $27.9M | -55% |
| Q4 2020 | $27.4M | +219% |
SLRC's revenue is recovering but still below its 2020 peak: $25M last quarter, up 82% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q1 2023 | 27% | +17 points |
| Q4 2022 | 51% | +16 points |
| Q3 2022 | 48% | -11 points |
| Q1 2022 | 11% | -58 points |
| Q4 2021 | 35% | -32 points |
| Q3 2021 | 59% | -10 points |
| Q2 2021 | 67% | -20 points |
| Q1 2021 | 69% | N/A |
SLRC's operating margin was 27% last quarter, down 7.4 points from the same quarter a year ago.
SLRC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $140.4M | +78% |
| Q2 2026 | $24.6M | +$229.5M |
| Q1 2026 | $67.2M | -1.4% |
| Q4 2025 | -$14.3M | -109% |
| Q3 2025 | $79M | -42% |
| Q2 2025 | -$204.9M | -7099% |
| Q1 2025 | $68.1M | +828% |
| Q4 2024 | $162.1M | +324% |
SLRC's free cash flow was $218M over the past year, up 109% from the year before. Free cash flow isn't a meaningful measure for financial services companies like SLRC.
SLRC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | 0% | -- |
| 5 years | +29% | +12.3M shares |
| Available history | +29% | +12.3M shares |
SLRC has 55M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $10,000 |
SLRC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2023 | 28.3x | High |
| Q4 2022 | 35.9x | High |
| Q3 2022 | 159.5x | High |
| Q2 2022 | 116.9x | High |
| Q1 2022 | 5.6x | High |
| Q4 2021 | 8.2x | High |
| Q3 2021 | 3.5x | Elevated |
| Q2 2021 | 2.6x | Moderate |
SLRC's net debt is more than 20 years of its operating earnings (EBITDA), up from 5.6 years a year ago. Net leverage isn't a meaningful measure for financial services companies like SLRC.
SLRC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.2 | Neutral |
| Stochastic | 32.6 | Neutral |
SLRC's weekly RSI is 37 (neutral) and its Stochastic is 33 (neutral).
SLRC PE vs Financial Services Sector
| Metric | SLRC | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 16% below |
| PE % | 63 | 63 | Same percentile |
SLRC is trading at 11x earnings, a 16% discount to the Financial Services sector's median of 13x.
SLRC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.5 | 0.7% above |
| 20 week MA | $12.2 | 4.8% below |
| 50 week MA | $13.6 | 15% below |
| 100 week MA | $14.9 | 22% below |
| 200 week MA | $15.0 | 23% below |
SLRC has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 23% below its 200-week average.
SLRC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.7 | $17.1 | -17% |
| 2021 | $17.1 | $18.2 | +6.4% |
| 2022 | $18.2 | $14.1 | -23% |
| 2023 | $14.1 | $15.0 | +6.9% |
| 2024 | $15.0 | $16.3 | +8.4% |
| 2025 | $16.3 | $15.4 | -5.3% |
| 2026 YTD | $15.4 | $11.6 | -25% |
SLRC has finished lower in three of the last six years. It's down 25% so far in 2026.