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Oaktree Specialty Lending Corporation

$12.67 -$0.05 (-0.39%)
NASDAQ · 11 Sep 2026 20:00 UTC
Previous Close
$12.58
Day Range
$12.55$12.69
Year Range
$10.63$14.31
Market Cap
1.12B
AVG Volume
591.94K
Trailing/Forward PE
26.19/9.3
PEG ratio
-2.84
Dividend Yield
12.16%
Next Earnings Date
2026-11-17
Primary Exchange
NASDAQUS
Revenue (USD)
-25M025M50M75M100M24 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL Revenue (USD) by quarter
PeriodRevenue (USD)
26 Q361.64M
26 Q256.77M
26 Q176.44M
25 Q484.25M
25 Q367.45M
25 Q2-12M
25 Q133.67M
24 Q468.52M
24 Q331.59M
24 Q242.12M
Net Income (USD)
-40M-20M020M40M24 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL Net Income (USD) by quarter
PeriodNet Income (USD)
26 Q330.94M
26 Q2-18.89M
26 Q15.61M
25 Q424.58M
25 Q338.35M
25 Q2-36.25M
25 Q17.24M
24 Q436.91M
24 Q31.12M
24 Q29.34M
Operating Income (USD)
-50M-25M025M50M75M24 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL Operating Income (USD) by quarter
PeriodOperating Income (USD)
26 Q332.82M
26 Q27.04M
26 Q132.3M
25 Q450.87M
25 Q338.68M
25 Q2-35.98M
25 Q17.64M
24 Q436.25M
24 Q31.32M
24 Q29.51M
EBITDA (USD)
-50M050M100M150M24 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL EBITDA (USD) by quarter
PeriodEBITDA (USD)
26 Q3105.17M
26 Q27.04M
26 Q132.3M
25 Q450.87M
25 Q338.68M
25 Q2-35.98M
25 Q17.64M
24 Q436.25M
24 Q31.32M
24 Q29.51M
Cash Flows (USD)
-100M0100M200M24 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL Cash Flows (USD) by quarter
PeriodCash Flows (USD)
26 Q328.26M
26 Q2-4.84M
26 Q141.5M
25 Q447.82M
25 Q3-71.95M
25 Q262M
25 Q1143.96M
24 Q495.51M
24 Q3-59.94M
24 Q2-17.62M
EPS (USD)
-0.5-0.2500.250.524 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL EPS (USD) by quarter
PeriodEPS (USD)
26 Q30.35
26 Q2-0.21
26 Q10.06
25 Q40.28
25 Q30.44
25 Q2-0.42
25 Q10.09
24 Q40.45
24 Q30.01
24 Q20.12
Expenses (USD)
01M2M3M4M24 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL Expenses (USD) by quarter
PeriodExpenses (USD)
26 Q3641K
26 Q20
26 Q12.25M
25 Q41.94M
25 Q33.07M
25 Q22.71M
25 Q12.59M
24 Q42.19M
24 Q32.47M
24 Q22.23M
Cash & Debt (USD)
0500M1B1.5B2BCashLong Term DebtShort Term Debt24 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL Cash & Debt (USD) by quarter
PeriodCash & Debt (USD)
26 Q339.92M
26 Q251.26M
26 Q180.81M
25 Q479.63M
25 Q379.8M
25 Q297.84M
25 Q1112.91M
24 Q463.97M
24 Q396.32M
24 Q2125.03M
Debt ratios
05010015024 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL Debt ratios by quarter
PeriodDebt ratios
26 Q37.16
26 Q211.1
26 Q117.81
25 Q422.99
25 Q329.36
25 Q2146.33
25 Q126.77
24 Q427.25
24 Q323.02
24 Q214.39
Margins
-100%0%100%200%300%400%24 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL Margins by quarter
PeriodMargins
26 Q360.84%
26 Q286.31%
26 Q187.83%
25 Q484.43%
25 Q353.95%
25 Q2334.96%
25 Q19.22%
24 Q453.22%
24 Q3-2.92%
24 Q224.31%
Return on Capital
-4%-2%0%2%4%24 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL Return on Capital by quarter
PeriodReturn on Capital
26 Q32.24%
26 Q2-1.37%
26 Q10.39%
25 Q41.68%
25 Q32.6%
25 Q2-2.46%
25 Q10.5%
24 Q42.48%
24 Q30.07%
24 Q20.61%
Shares Outstanding
025M50M75M100M24 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL Shares Outstanding by quarter
PeriodShares Outstanding
26 Q388.09M
26 Q288.09M
26 Q188.09M
25 Q488.09M
25 Q388.09M
25 Q285.92M
25 Q182.25M
24 Q482.25M
24 Q381.83M
24 Q279.76M
Dividends (USD)
00.20.40.6Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
OCSL Dividends (USD) by quarter
PeriodDividends (USD)
Sep 260.33
Jun 260.34
Mar 260.4
Dec 250.4
Sep 250.4
Jun 250.42
Mar 250.47
Dec 240.55
Sep 240.55
Jun 240.55
Employee Count
02505007501K200820092010201120122015201720182019
OCSL Employee Count by quarter
PeriodEmployee Count
2019950
2018900
2017900
20153
201224
201121
201019
200916
200821
Book Value Per Share (USD)
0510152024 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL Book Value Per Share (USD) by quarter
PeriodBook Value Per Share (USD)
26 Q315.7
26 Q215.69
26 Q116.3
25 Q416.64
25 Q316.76
25 Q217.17
25 Q117.63
24 Q418.09
24 Q318.28
24 Q219.11
Total Assets (USD)
01B2B3B4B24 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q226 Q3
OCSL Total Assets (USD) by quarter
PeriodTotal Assets (USD)
26 Q32.86B
26 Q22.89B
26 Q13.1B
25 Q43B
25 Q32.96B
25 Q23.08B
25 Q13.08B
24 Q43.2B
24 Q33.32B
24 Q23.3B
PE Ratio
050100150med 26.1Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
OCSL PE Ratio by quarter
PeriodPE Ratio
Sep 2626.42
Sep 2627.24
Aug 2627.15
Aug 2627.09
Aug 2627.07
Aug 2627.03
Jul 2620.6
Jul 2620.72
Jul 2621.56
Jul 2621.5
Jul 2621.64
Jun 2620.74
Jun 2620.56
Jun 2621.52
Jun 2621.15
May 2621.22
May 2620.88
May 2621.47
May 2621.56
May 2635.08
Apr 2633.58
Apr 2635.79
Apr 2632.65
Apr 2631.07
Mar 2629.84
Mar 2630.2
Mar 2630.28
Mar 2631.26
Feb 2630.94
Feb 2631.54
Feb 2633.12
Feb 2633.12
Jan 2631.99
Jan 2633.4
Jan 2633.42
Jan 2633.53
Jan 2633.03
Dec 2533.21
Dec 2533.24
Dec 2535.29
Dec 2535.45
Nov 2535.84
Nov 2534.98
Nov 2525.92
Nov 2526.01
Oct 2526.55
Oct 2526.72
Oct 2524.85
Oct 2523.99
Oct 2524.64
Sep 2524.87
Sep 2525.5
Sep 2526.26
Sep 2526.6
Aug 2526.66
Aug 2526.18
Aug 2525.69
Aug 2525.52
Aug 25129.12
Jul 25137.69
Jul 25135.78
Jul 25137.21
Jul 25133.97
Jun 25129.12
Jun 25130.55
Jun 25136.64
Jun 25136.45
May 25139.31
May 25134.26
May 25136.54
May 25131.31
May 25129.4
Apr 2522.11
Apr 2521.61
Apr 2520.44
Apr 2520.92
Mar 2523.34
Mar 2523.52
Mar 2523.72
Mar 2524.26
Feb 2524.28
Feb 2524.14
Feb 2523.77
Feb 2523.31
Jan 2522.73
Jan 2522.26
Jan 2522.27
Jan 2521.25
Jan 2521.76
Dec 2421.67
Dec 2421.56
Dec 2422.78
Dec 2423.21
Nov 2423.21
Nov 2422.51
Nov 2419.59
Nov 2419.64
Nov 2419.51
Oct 2419.99
Oct 2420.32
Free Cash Flow Yield
0%5%10%15%20%25%med 12.56%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
OCSL Free Cash Flow Yield by quarter
PeriodFree Cash Flow Yield
Sep 2610.1%
Sep 269.8%
Aug 269.83%
Aug 269.85%
Aug 269.86%
Aug 269.88%
Jul 261.22%
Jul 261.22%
Jul 261.17%
Jul 261.17%
Jul 261.17%
Jun 261.22%
Jun 261.23%
Jun 261.17%
Jun 261.19%
May 261.19%
May 261.21%
May 261.17%
May 261.17%
May 267.01%
Apr 267.32%
Apr 266.87%
Apr 267.53%
Apr 267.91%
Mar 268.24%
Mar 268.14%
Mar 268.12%
Mar 267.86%
Feb 267.95%
Feb 267.79%
Feb 267.42%
Feb 267.42%
Jan 2616.75%
Jan 2616.05%
Jan 2616.04%
Jan 2615.99%
Jan 2616.23%
Dec 2516.14%
Dec 2516.13%
Dec 2515.19%
Dec 2515.12%
Nov 2514.96%
Nov 2515.32%
Nov 2519.14%
Nov 2519.07%
Oct 2518.69%
Oct 2518.57%
Oct 2519.97%
Oct 2520.68%
Oct 2520.14%
Sep 2519.95%
Sep 2519.46%
Sep 2518.89%
Sep 2518.65%
Aug 2518.61%
Aug 2518.95%
Aug 2519.31%
Aug 2519.44%
Aug 2520.73%
Jul 2519.44%
Jul 2519.71%
Jul 2519.51%
Jul 2519.98%
Jun 2520.73%
Jun 2520.5%
Jun 2519.59%
Jun 2519.62%
May 2519.22%
May 2519.94%
May 2519.6%
May 2520.39%
May 2520.69%
Apr 2513.41%
Apr 2513.72%
Apr 2514.51%
Apr 2514.17%
Mar 2512.7%
Mar 2512.6%
Mar 2512.5%
Mar 2512.22%
Feb 2512.21%
Feb 2512.28%
Feb 2512.48%
Feb 2512.72%
Jan 251.45%
Jan 251.48%
Jan 251.48%
Jan 251.55%
Jan 251.51%
Dec 241.52%
Dec 241.53%
Dec 241.45%
Dec 241.42%
Nov 241.42%
Nov 241.46%
Nov 2412.76%
Nov 2412.73%
Nov 2412.81%
Oct 2412.51%
Oct 2412.3%
Price to Sales
24681012med 6.8Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
OCSL Price to Sales by quarter
PeriodPrice to Sales
Sep 264
Sep 264.12
Aug 264.11
Aug 264.1
Aug 264.1
Aug 264.09
Jul 263.59
Jul 263.61
Jul 263.76
Jul 263.75
Jul 263.77
Jun 263.61
Jun 263.58
Jun 263.75
Jun 263.69
May 263.7
May 263.64
May 263.74
May 263.76
May 265.24
Apr 265.02
Apr 265.35
Apr 264.88
Apr 264.64
Mar 264.46
Mar 264.51
Mar 264.52
Mar 264.67
Feb 264.62
Feb 264.71
Feb 264.95
Feb 264.95
Jan 266.26
Jan 266.53
Jan 266.54
Jan 266.56
Jan 266.46
Dec 256.5
Dec 256.5
Dec 256.9
Dec 256.94
Nov 257.01
Nov 256.84
Nov 257.6
Nov 257.63
Oct 257.79
Oct 257.84
Oct 257.29
Oct 257.04
Oct 257.23
Sep 257.3
Sep 257.48
Sep 257.71
Sep 257.81
Aug 257.82
Aug 257.68
Aug 257.54
Aug 257.49
Aug 259.57
Jul 2510.2
Jul 2510.06
Jul 2510.17
Jul 259.93
Jun 259.57
Jun 259.67
Jun 2510.12
Jun 2510.11
May 2510.32
May 259.95
May 2510.12
May 259.73
May 259.59
Apr 256.86
Apr 256.71
Apr 256.34
Apr 256.49
Mar 257.25
Mar 257.3
Mar 257.36
Mar 257.53
Feb 257.54
Feb 257.5
Feb 257.38
Feb 257.24
Jan 257.07
Jan 256.92
Jan 256.92
Jan 256.61
Jan 256.77
Dec 246.74
Dec 246.7
Dec 247.08
Dec 247.22
Nov 247.22
Nov 247
Nov 246.59
Nov 246.61
Nov 246.56
Oct 246.72
Oct 246.83
EV/EBITDA
0100200300med 47.99Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
OCSL EV/EBITDA by quarter
PeriodEV/EBITDA
Sep 2612.87
Sep 2613.05
Aug 2613.03
Aug 2613.02
Aug 2613.01
Aug 2613
Jul 2619.03
Jul 2619.08
Jul 2619.4
Jul 2619.38
Jul 2619.43
Jun 2619.09
Jun 2619.02
Jun 2619.39
Jun 2619.24
May 2619.27
May 2619.14
May 2619.37
May 2619.4
May 2631
Apr 2630.44
Apr 2631.27
Apr 2630.09
Apr 2629.49
Mar 2629.03
Mar 2629.16
Mar 2629.2
Mar 2629.56
Feb 2629.44
Feb 2629.67
Feb 2630.26
Feb 2630.26
Jan 2640.72
Jan 2641.5
Jan 2641.51
Jan 2641.57
Jan 2641.3
Dec 2541.4
Dec 2541.41
Dec 2542.55
Dec 2542.64
Nov 2542.85
Nov 2542.38
Nov 2555.1
Nov 2555.19
Oct 2555.72
Oct 2555.89
Oct 2554.04
Oct 2553.19
Oct 2553.83
Sep 2554.06
Sep 2554.68
Sep 2555.44
Sep 2555.78
Aug 2555.83
Aug 2555.36
Aug 2554.87
Aug 2554.7
Aug 25272.55
Jul 25280.93
Jul 25279.07
Jul 25280.47
Jul 25277.3
Jun 25272.55
Jun 25273.95
Jun 25279.91
Jun 25279.72
May 25282.51
May 25277.58
May 25279.81
May 25274.69
May 25272.83
Apr 2548.83
Apr 2548.33
Apr 2547.16
Apr 2547.64
Mar 2550.06
Mar 2550.24
Mar 2550.44
Mar 2550.98
Feb 2550.99
Feb 2550.86
Feb 2550.48
Feb 2550.03
Jan 2550.01
Jan 2549.54
Jan 2549.56
Jan 2548.53
Jan 2549.05
Dec 2448.96
Dec 2448.85
Dec 2450.07
Dec 2450.5
Nov 2450.5
Nov 2449.8
Nov 2441.88
Nov 2441.92
Nov 2441.8
Oct 2442.25
Oct 2442.57
Price/Operating Cashflow
0255075100med 7.96Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
OCSL Price/Operating Cashflow by quarter
PeriodPrice/Operating Cashflow
Sep 269.9
Sep 2610.2
Aug 2610.17
Aug 2610.15
Aug 2610.14
Aug 2610.13
Jul 2681.68
Jul 2682.18
Jul 2685.48
Jul 2685.27
Jul 2685.83
Jun 2682.25
Jun 2681.54
Jun 2685.34
Jun 2683.86
May 2684.15
May 2682.81
May 2685.13
May 2685.48
May 2614.27
Apr 2613.66
Apr 2614.56
Apr 2613.28
Apr 2612.64
Mar 2612.14
Mar 2612.29
Mar 2612.32
Mar 2612.72
Feb 2612.59
Feb 2612.83
Feb 2613.47
Feb 2613.47
Jan 265.97
Jan 266.23
Jan 266.24
Jan 266.25
Jan 266.16
Dec 256.2
Dec 256.2
Dec 256.58
Dec 256.61
Nov 256.69
Nov 256.53
Nov 255.22
Nov 255.24
Oct 255.35
Oct 255.38
Oct 255.01
Oct 254.84
Oct 254.97
Sep 255.01
Sep 255.14
Sep 255.29
Sep 255.36
Aug 255.37
Aug 255.28
Aug 255.18
Aug 255.14
Aug 254.82
Jul 255.14
Jul 255.07
Jul 255.13
Jul 255
Jun 254.82
Jun 254.88
Jun 255.1
Jun 255.1
May 255.2
May 255.02
May 255.1
May 254.91
May 254.83
Apr 257.46
Apr 257.29
Apr 256.89
Apr 257.06
Mar 257.87
Mar 257.93
Mar 258
Mar 258.18
Feb 258.19
Feb 258.14
Feb 258.02
Feb 257.86
Jan 2568.98
Jan 2567.56
Jan 2567.6
Jan 2564.5
Jan 2566.05
Dec 2465.79
Dec 2465.45
Dec 2469.16
Dec 2470.45
Nov 2470.45
Nov 2468.34
Nov 247.84
Nov 247.86
Nov 247.8
Oct 248
Oct 248.13
Price to Book
0.60.70.80.91med 0.81Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
OCSL Price to Book by quarter
PeriodPrice to Book
Sep 260.81
Sep 260.83
Aug 260.83
Aug 260.83
Aug 260.83
Aug 260.83
Jul 260.74
Jul 260.74
Jul 260.77
Jul 260.77
Jul 260.78
Jun 260.75
Jun 260.74
Jun 260.77
Jun 260.76
May 260.76
May 260.75
May 260.77
May 260.77
May 260.79
Apr 260.76
Apr 260.8
Apr 260.73
Apr 260.7
Mar 260.67
Mar 260.68
Mar 260.68
Mar 260.7
Feb 260.7
Feb 260.71
Feb 260.74
Feb 260.74
Jan 260.74
Jan 260.77
Jan 260.77
Jan 260.78
Jan 260.76
Dec 250.77
Dec 250.77
Dec 250.82
Dec 250.82
Nov 250.83
Nov 250.81
Nov 250.81
Nov 250.81
Oct 250.83
Oct 250.84
Oct 250.78
Oct 250.75
Oct 250.77
Sep 250.78
Sep 250.8
Sep 250.82
Sep 250.83
Aug 250.84
Aug 250.82
Aug 250.8
Aug 250.8
Aug 250.79
Jul 250.84
Jul 250.83
Jul 250.84
Jul 250.82
Jun 250.79
Jun 250.8
Jun 250.84
Jun 250.83
May 250.85
May 250.82
May 250.84
May 250.8
May 250.79
Apr 250.83
Apr 250.81
Apr 250.77
Apr 250.79
Mar 250.88
Mar 250.89
Mar 250.89
Mar 250.91
Feb 250.91
Feb 250.91
Feb 250.9
Feb 250.88
Jan 250.88
Jan 250.87
Jan 250.87
Jan 250.83
Jan 250.85
Dec 240.84
Dec 240.84
Dec 240.89
Dec 240.9
Nov 240.9
Nov 240.88
Nov 240.88
Nov 240.88
Nov 240.87
Oct 240.89
Oct 240.91
Oaktree Specialty Lending Corporation
OCSL
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News: OCSL

HighTower Advisors LLC Has $2.25 Million Stock Holdings in Oaktree Specialty Lending Corp. $OCSL

defenseworld.net · 13 Sep 2026

HighTower Advisors LLC Has $2.25 Million Stock Holdings in Oaktree Specialty Lending Corp. $OCSL

HighTower Advisors LLC trimmed its position in Oaktree Specialty Lending Corp. (NASDAQ: OCSL) by 38.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,588 shares of the credit services provider's stock after selling 119,599 shares during

Oaktree Specialty Lending Corporation Prices Public Offering of $300,000,000 7.000% Notes due 2031

businesswire.com · 9 Sep 2026

Oaktree Specialty Lending Corporation Prices Public Offering of $300,000,000 7.000% Notes due 2031

LOS ANGELES--(BUSINESS WIRE)--Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“OCSL” or the “Company”), a specialty finance company, today announced that it has priced an underwritten public offering of $300.0 million aggregate principal amount of 7.000% notes due 2031. The notes will mature on September 16, 2031 and may be redeemed in whole or in part at the Company's option at any time at par plus a “make-whole” premium, if applicable.OCSL expects to use the net proceeds of this offering.

Forget SaaSpocalypse And Buy These 2 BDCs Now

seekingalpha.com · 29 Aug 2026

Forget SaaSpocalypse And Buy These 2 BDCs Now

BDCs face a 25% P/NAV discount, largely due to fears of AI-driven SaaS disruption. Current data shows no systemic SaaS defaults or rising credit risk in BDC portfolios. Many of the SaaS giants have been delivering stable and strong results.

Oaktree Specialty Lending: Deeply Discounted 10%-Yielder Is Still Missing One Big Catalyst

seekingalpha.com · 24 Aug 2026

Oaktree Specialty Lending: Deeply Discounted 10%-Yielder Is Still Missing One Big Catalyst

Oaktree Specialty Lending Corporation offers a roughly 10% dividend yield supported by improving fundamentals and a significant 17% discount to NAV. I take a deeper look at its Q2 results and assess its current valuation and dividend sustainability. I also explore one big catalyst that this company needs before I believe it justifies being a high-conviction buy.

2,474,804 Shares in Oaktree Specialty Lending Corp. $OCSL Acquired by Bruni J V & Co. Co.

defenseworld.net · 19 Aug 2026

2,474,804 Shares in Oaktree Specialty Lending Corp. $OCSL Acquired by Bruni J V & Co. Co.

Bruni J V and Co. Co. acquired a new position in shares of Oaktree Specialty Lending Corp. (NASDAQ: OCSL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,474,804 shares of the credit services provider's stock, valued

Oaktree Specialty Lending Corporation (OCSL) Q3 2026 Earnings Call Transcript

seekingalpha.com · 5 Aug 2026

Oaktree Specialty Lending Corporation (OCSL) Q3 2026 Earnings Call Transcript

Oaktree Specialty Lending Corporation (OCSL) Q3 2026 Earnings Call Transcript

Oaktree Specialty Lending Q3 Earnings Call Highlights

marketbeat.com · 5 Aug 2026

Oaktree Specialty Lending Q3 Earnings Call Highlights

Oaktree Specialty Lending NASDAQ: OCSL said its non-accrual investments declined during its fiscal third quarter as the business development company exited troubled positions, while management maintained a cautious stance on private-credit deployment amid continued macroeconomic and refinancing risks.

Oaktree Specialty Lending (OCSL) Q3 Earnings Surpass Estimates

zacks.com · 5 Aug 2026

Oaktree Specialty Lending (OCSL) Q3 Earnings Surpass Estimates

Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.37 per share a year ago.

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