SOFI
SoFi Technologies, Inc.
SOFI has the edge over TSLX overall, supported by stronger valuation and stronger fundamentals.
TSLX
Sixth Street Specialty Lending, Inc.
TSLX has lower modeled downside risk, despite its lower overall score.
SOFI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
SOFI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like SOFI.
TSLX Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Healthy | |
| N/A | |
| N/A |
TSLX's profitability is currently healthy, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like TSLX.
SOFI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $15.63 | — |
| Current | 28x | $15.63 | — |
| Cheap | 33x | $18.24 | +17% |
| Fair | 43x | $23.82 | +52% |
| Expensive | 53x | $29.74 | +90% |
Historical ranges are pointers, not guarantees.
SOFI has the edge over TSLX in the historical PE scenario, which offers more potential upside but is not a forecast.
TSLX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.1x | $6.81 | -61% |
| Forward | 9.5x | $17.56 | — |
| Fair | 10x | $8.45 | -52% |
| Expensive | 13x | $11.26 | -36% |
| Current | 21x | $17.56 | — |
Historical ranges are pointers, not guarantees.
TSLX's PE is in its expensive range at 21x. On analysts' estimates for next year's earnings, today's price would be 9.5x, in its fair range.
SOFI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
SOFI has the edge over TSLX on the outlook, with more favorable earnings and revenue expectations.
TSLX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect TSLX's profitability to weaken, with its earnings and revenue holding steady.
SOFI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.82 | +47% |
| Q3 2026 | $0.56 | 0% |
| Q2 2026 | $0.49 | -2% |
| Q1 2026 | $0.45 | +4.7% |
| Q4 2025 | $0.39 | 0% |
| Q3 2025 | $0.56 | +367% |
| Q2 2025 | $0.50 | +$0.72 |
| Q1 2025 | $0.43 | +$0.72 |
| Q4 2024 | $0.39 | +$0.75 |
SOFI has the edge over TSLX on earnings, with more consistent year-over-year improvement.
TSLX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.86 | +121% |
| Q3 2026 | $0.84 | -59% |
| Q2 2026 | $0.95 | -53% |
| Q1 2026 | $1.15 | -39% |
| Q4 2025 | $1.81 | -11% |
| Q3 2025 | $2.04 | -1.4% |
| Q2 2025 | $2.01 | -15% |
| Q1 2025 | $1.89 | -24% |
| Q4 2024 | $2.03 | -22% |
TSLX's earnings per share have fallen from their peak: $0.84 over the past year, against $4.08 in early 2021.
SOFI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +44% |
| Q2 2026 | $1.2B | +43% |
| Q1 2026 | $1.1B | +43% |
| Q4 2025 | $1B | +40% |
| Q3 2025 | $961.6M | +38% |
| Q2 2025 | $854.9M | +43% |
| Q1 2025 | $771.8M | +20% |
| Q4 2024 | $734.1M | +19% |
SOFI has the stronger quarterly revenue trend. Revenue is up 44% for SOFI versus down 97% for TSLX.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +7.5 points |
| Q2 2026 | 17% | +3.6 points |
| Q1 2026 | 18% | +7.8 points |
| Q4 2025 | 18% | +9.9 points |
| Q3 2025 | 15% | +6.3 points |
| Q2 2025 | 13% | +11 points |
| Q1 2025 | 10% | -4.3 points |
| Q4 2024 | 8.2% | -0.2 points |
SOFI's operating margin was 23% last quarter, up 7.5 points from the same quarter a year ago, near the top of its range since 2021.
TSLX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $2.5M | -97% |
| Q1 2022 | $54M | -22% |
| Q4 2021 | $56.7M | -14% |
| Q3 2021 | $68.2M | -29% |
| Q2 2021 | $71.8M | -35% |
| Q4 2020 | $65.8M | +20% |
TSLX's revenue has slid since its 2020 peak: $2M last quarter, down 97% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | -521% | -603 points |
| Q1 2022 | 76% | -5.8 points |
| Q4 2021 | 76% | -7.4 points |
| Q3 2021 | 81% | -7.1 points |
| Q2 2021 | 82% | -6.7 points |
| Q1 2021 | 82% | N/A |
| Q4 2020 | 84% | +14 points |
| Q3 2020 | 88% | N/A |
TSLX's operating margin was −521% last quarter, down 603 points from the same quarter a year ago, near the bottom of its range since 2019.
SOFI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.1B | -$1.7B |
| Q2 2026 | -$4B | -$2.5B |
| Q1 2026 | -$2.4B | -$2.4B |
| Q4 2025 | -$1.1B | -$815.2M |
| Q3 2025 | -$1.4B | -$149M |
| Q2 2025 | -$1.5B | -$1B |
| Q1 2025 | -$31.1M | -104% |
| Q4 2024 | -$242.4M | +$39.9M |
SOFI's free cash flow was −$10.5B over the past year, against −$3.2B the year before. Free cash flow isn't a meaningful measure for financial services companies like SOFI.
TSLX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$97.4M | -$81.8M |
| Q2 2026 | $68.3M | -65% |
| Q1 2026 | -$23.4M | -116% |
| Q4 2025 | $74.1M | +$104.8M |
| Q3 2025 | -$15.6M | +$58.9M |
| Q2 2025 | $193.2M | +54% |
| Q1 2025 | $149.9M | +$215.5M |
| Q4 2024 | -$30.7M | +$56.1M |
TSLX has the edge over SOFI on cash generation, producing positive trailing cash flow while its opponent burns cash.
SOFI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +5.8M shares |
| 1 year | +5.2% | +66.8M shares |
| 3 years | +43% | +407M shares |
| 5 years | +272% | +993M shares |
SOFI has 1.4B diluted shares, up 5.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
TSLX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +326K shares |
| 1 year | +1.2% | +1.1M shares |
| 3 years | +9.3% | +8.1M shares |
| 5 years | +18% | +14.8M shares |
| Available history | +43% | +28.7M shares |
TSLX has the edge over SOFI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2022 | $3.2M |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
SOFI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.4x | Net Cash |
| Q2 2026 | -3.1x | Net Cash |
| Q1 2026 | -3.8x | Net Cash |
| Q4 2025 | -6.5x | Net Cash |
| Q3 2025 | -5.2x | Net Cash |
| Q2 2025 | -4.0x | Net Cash |
| Q1 2025 | -4.9x | Net Cash |
| Q4 2024 | -5.8x | Net Cash |
SOFI has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like SOFI.
TSLX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 9.8x | High |
| Q1 2022 | 5.6x | High |
| Q4 2021 | 5.5x | High |
| Q3 2021 | 4.9x | High |
| Q2 2021 | 5.1x | High |
| Q1 2021 | 3.6x | Elevated |
| Q4 2020 | 6.0x | High |
| Q3 2020 | 5.5x | High |
TSLX's net debt is about 9.8 years of its operating earnings (EBITDA), up from 5.1 years a year ago. Net leverage isn't a meaningful measure for financial services companies like TSLX.
SOFI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.1 | Neutral |
| Stochastic | 41.5 | Neutral |
SOFI's weekly RSI is 43 (neutral) and its Stochastic is 41 (neutral).
TSLX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.7 | Neutral |
| Stochastic | 37.0 | Neutral |
TSLX's weekly RSI is 46 (neutral) and its Stochastic is 37 (neutral).
SOFI PE vs Financial Services Sector
| Metric | SOFI | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 114% above |
| PE % | 2 | 61 | 59 pts below |
SOFI is trading at 28x earnings, a 114% premium to the Financial Services sector's median of 13x.
TSLX PE vs Financial Services Sector
| Metric | TSLX | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 13x | 61% above |
| PE % | 100 | 63 | 37 pts above |
TSLX has the edge over SOFI on valuation relative to its sector.
SOFI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $15.7 | 0.7% below |
| 20 week MA | $17.0 | 7.8% below |
| 50 week MA | $18.9 | 17% below |
| 100 week MA | $18.9 | 17% below |
| 200 week MA | $13.5 | 16% above |
SOFI has fallen below most of its moving averages, though it's still 16% above its 200-week average.
TSLX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $17.6 | 0% above |
| 20 week MA | $17.8 | 1.3% below |
| 50 week MA | $18.7 | 5.8% below |
| 100 week MA | $20.6 | 15% below |
| 200 week MA | $20.4 | 14% below |
TSLX is in a downtrend: it's below all five of its weekly moving averages, and 14% below its 200-week average.
SOFI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.4 | $12.4 | +19% |
| 2021 | $12.4 | $15.1 | +22% |
| 2022 | $15.1 | $4.61 | -69% |
| 2023 | $4.61 | $9.95 | +116% |
| 2024 | $9.95 | $16.0 | +61% |
| 2025 | $16.0 | $27.1 | +69% |
| 2026 YTD | $27.1 | $15.6 | -42% |
SOFI's yearly returns have swung widely, from +116% in 2023 to −69% in 2022. It's down 42% so far in 2026.
TSLX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.5 | $20.7 | -3.6% |
| 2021 | $20.7 | $23.1 | +11% |
| 2022 | $23.1 | $17.7 | -23% |
| 2023 | $17.7 | $21.6 | +22% |
| 2024 | $21.6 | $21.1 | -2.1% |
| 2025 | $21.1 | $21.7 | +2.7% |
| 2026 YTD | $21.7 | $17.6 | -19% |
TSLX has the edge over SOFI on returns for 2026, with the stronger performance.