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Carlyle Secured Lending, Inc. (CGBD) Stock Fundamental Analysis & AI Rating 2026

CGBD Nasdaq MD CIK: 0001544206
Updated This Month • Analysis: Mar 22, 2026 • SEC Data: 2025-12-31
Combined AI Rating
SELL
70% Confidence
AGREEMENT
SELL
72% Conf
HOLD
68% Conf

📊 CGBD Key Takeaways

Revenue: N/A
Net Margin: N/A
Free Cash Flow: $-204.6M
Current Ratio: N/A
Debt/Equity: 1.31x
EPS: $1.01
AI Rating: SELL with 72% confidence
Carlyle Secured Lending, Inc. (CGBD) receives a SELL rating with 70% confidence from our AI fundamental analysis based on SEC 10-K filings., and return on equity (ROE) of 6.0% Below is our complete CGBD stock analysis for 2026.

Is Carlyle Secured Lending, Inc. (CGBD) a Good Investment?

Claude

Carlyle Secured Lending exhibits concerning fundamental deterioration with negative free cash flow of -$204.6M and declining diluted EPS (-36.1% YoY), indicating the company is consuming capital despite modest net income growth. The high leverage ratio (1.31x Debt/Equity) combined with substantial long-term debt ($1.5B) and weak cash generation raises solvency concerns for a secured lending business model.

ChatGPT

Carlyle Secured Lending shows stable absolute earnings and a sizable equity base, but the quality of growth is mixed because net income rose only slightly while diluted EPS fell sharply year over year. The balance sheet appears serviceable for a credit-focused lender, yet leverage is meaningful and deeply negative operating cash flow suggests investors should be cautious about earnings durability and funding quality.

Why Buy Carlyle Secured Lending, Inc. Stock? CGBD Key Strengths

Claude
  • + Positive net income of $70.0M with modest 1.2% YoY growth
  • + Moderate ROA of 2.5% demonstrates some asset productivity
  • + Stable equity base of $1.2B provides capital cushion
  • + Recent insider activity (3 Form 4 filings) suggests management engagement
ChatGPT
  • + Net income remained positive and grew modestly year over year
  • + Equity of $1.17B provides a meaningful capital cushion against total assets of $2.79B
  • + ROE and ROA remain positive, indicating the portfolio is still generating profits

CGBD Stock Risks: Carlyle Secured Lending, Inc. Investment Risks

Claude
  • ! Severe negative free cash flow of -$204.6M indicates unsustainable cash burn
  • ! Diluted EPS collapsed 36.1% YoY, signaling deteriorating per-share economics
  • ! High leverage (1.31x Debt/Equity) with $1.5B long-term debt limits financial flexibility
  • ! Negative operating cash flow of -$204.6M suggests core business is not generating cash
  • ! Low ROE of 6.0% is weak for a lending business and indicates inefficient equity deployment
ChatGPT
  • ! Diluted EPS declined 36.1% year over year, pointing to weaker per-share earnings quality
  • ! Debt/equity of 1.31x and $1.53B of long-term debt create balance-sheet sensitivity if credit conditions worsen
  • ! Operating cash flow was negative $204.56M, raising questions about cash generation and portfolio funding dynamics

Key Metrics to Watch

Claude
  • * Operating cash flow trend and path to positive cash generation
  • * Debt/Equity ratio management and refinancing capability
  • * Diluted EPS recovery and sustainability of net income
  • * Loan portfolio quality and impairment trends
  • * Interest coverage ratio when disclosed
ChatGPT
  • * Per-share net investment income and diluted EPS trend
  • * Leverage, non-accruals, and operating cash flow trend

Carlyle Secured Lending, Inc. (CGBD) Financial Metrics & Key Ratios

Revenue
N/A
Net Income
$70.0M
EPS (Diluted)
$1.01
Free Cash Flow
$-204.6M
Total Assets
$2.8B
Cash Position
$76.5M

💡 AI Analyst Insight

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

CGBD Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin N/A
Net Margin N/A
ROE 6.0%
ROA 2.5%
FCF Margin N/A

CGBD vs Market Sector: How Carlyle Secured Lending, Inc. Compares

How Carlyle Secured Lending, Inc. compares to Market sector averages

Net Margin
CGBD 0.0%
vs
Sector Avg 12.0%
CGBD Sector
ROE
CGBD 6.0%
vs
Sector Avg 15.0%
CGBD Sector
Current Ratio
CGBD 0.0x
vs
Sector Avg 1.8x
CGBD Sector
Debt/Equity
CGBD 1.3x
vs
Sector Avg 0.7x
CGBD Sector

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

Is Carlyle Secured Lending, Inc. Stock Overvalued? CGBD Valuation Analysis 2026

Based on fundamental analysis, Carlyle Secured Lending, Inc. shows some fundamental concerns relative to the Market sector in 2026.

Return on Equity
6.0%
Sector avg: 15%
Net Profit Margin
N/A
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.31x
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.

Carlyle Secured Lending, Inc. Balance Sheet: CGBD Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
1.31x
Debt/Assets
58.2%
Interest Coverage
N/A
Long-term Debt
$1.5B

CGBD Revenue & Earnings Growth: 5-Year Financial Trend

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

5-Year Trend Summary: Carlyle Secured Lending, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $1.64 reflects profitable operations.

CGBD 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

Carlyle Secured Lending, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$204.6M
Cash generated from operations
Stock Buybacks
$13.9M
Shares repurchased (TTM)
Dividends Paid
$104.0M
Returned to shareholders

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

Access official SEC EDGAR filings for Carlyle Secured Lending, Inc. (CIK: 0001544206)

📋 Recent SEC Filings

Date Form Document Action
Apr 15, 2026 8-K csl-20260415.htm View →
Mar 23, 2026 4 xslF345X06/wk-form4_1774296401.xml View →
Mar 10, 2026 4 xslF345X05/wk-form4_1773173195.xml View →
Mar 9, 2026 4 xslF345X05/wk-form4_1773093666.xml View →
Mar 5, 2026 4 xslF345X05/wk-form4_1772744723.xml View →

Frequently Asked Questions about CGBD

What is the AI rating for CGBD?

Carlyle Secured Lending, Inc. (CGBD) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (HOLD) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are CGBD's key strengths?

Claude: Positive net income of $70.0M with modest 1.2% YoY growth. Moderate ROA of 2.5% demonstrates some asset productivity. ChatGPT: Net income remained positive and grew modestly year over year. Equity of $1.17B provides a meaningful capital cushion against total assets of $2.79B.

What are the risks of investing in CGBD?

Claude: Severe negative free cash flow of -$204.6M indicates unsustainable cash burn. Diluted EPS collapsed 36.1% YoY, signaling deteriorating per-share economics. ChatGPT: Diluted EPS declined 36.1% year over year, pointing to weaker per-share earnings quality. Debt/equity of 1.31x and $1.53B of long-term debt create balance-sheet sensitivity if credit conditions worsen.

What is CGBD's revenue and growth?

Carlyle Secured Lending, Inc. reported revenue of N/A.

Does CGBD pay dividends?

Carlyle Secured Lending, Inc. pays dividends, with $104.0M distributed to shareholders in the trailing twelve months.

Where can I find CGBD SEC filings?

Official SEC filings for Carlyle Secured Lending, Inc. (CIK: 0001544206) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is CGBD's EPS?

Carlyle Secured Lending, Inc. has a diluted EPS of $1.01.

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 CGBD a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Carlyle Secured Lending, Inc. has a SELL rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is CGBD stock overvalued or undervalued?

Valuation metrics for CGBD: ROE of 6.0% (sector avg: 15%), net margin of N/A (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy CGBD stock in 2026?

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

What is CGBD's free cash flow?

Carlyle Secured Lending, Inc.'s operating cash flow is $-204.6M, with capital expenditures of N/A.

How does CGBD compare to other Market stocks?

Vs Default sector averages: Net margin N/A (avg: 12%), ROE 6.0% (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: Mar 22, 2026 | Data as of: 2025-12-31 | Powered by Claude AI