Morgan Stanley Direct Lending Fund (MSDL) EBIT (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) reported EBIT of $1.5 million for Q1 2026, down 96.89% year-over-year from $46.9 million in Q1 2025, and down 96.69% quarter-over-quarter from $44.0 million in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) EBIT (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of EBIT data on file, last reported at $1.5 million in Q1 2026.
- EBIT for Q1 2026 came in at $1.5 million, down 96.89% year-over-year; the trailing twelve-month figure through Mar 2026 was $133.4 million (down 37.77% YoY), and the FY2025 annual result was $178.8 million, down 19.68% from the prior year.
- EBIT eased to $1.5 million in Q1 2026 per MSDL's latest filing, from $44.0 million in the prior quarter.
- Over five years, EBIT peaked at $59.2 million in Q3 2024 and troughed at $1.5 million in Q1 2026.
- A 5-year average of $43.0 million and a median of $44.2 million in 2023 frame the typical range for EBIT.
- The sharpest annual moves came in 2023 and 2026: EBIT surged 66.79% in 2023, then tumbled 96.89% in 2026.
- A 5-year view of EBIT shows it stood at $38.6 million in 2022, then jumped by 47.62% to $57.0 million in 2023, then decreased by 9.22% to $51.7 million in 2024, then decreased by 14.96% to $44.0 million in 2025, then slumped by 96.69% to $1.5 million in 2026.
- Business Quant data shows MSDL's EBIT at $1.5 million in Q1 2026, $44.0 million in Q4 2025, and $44.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 160.20 Bn | 150.57 Bn | - | 2.81 Bn |
| 2 | Blackstone | 96.40 Bn | 95.35 Bn | - | 1.59 Bn |
| 3 | Kkr | 85.87 Bn | 133.39 Bn | - | 1.99 Bn |
| 4 | Apollo Global Management | 79.90 Bn | 98.63 Bn | 5.04 Bn | 79.00 Mn |
| 5 | State Street | 46.62 Bn | 20.95 Bn | - | 2.79 Bn |
| 6 | Ameriprise Financial | 42.78 Bn | 42.65 Bn | 4.57 Bn | 901.00 Mn |
| 7 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 2.28 Bn |
| 8 | Ares Management | 30.25 Bn | 33.62 Bn | - | 363.68 Mn |
| 9 | Raymond James Financial | 30.24 Bn | 18.99 Bn | - | - |
| 10 | Morgan Stanley Direct Lending Fund | - | - | - | 1.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.46 Mn |
| Dec 31, 2025 | 44.00 Mn |
| Sep 30, 2025 | 44.13 Mn |
| Jun 30, 2025 | 43.86 Mn |
| Mar 31, 2025 | 46.86 Mn |
| Dec 31, 2024 | 51.73 Mn |
| Sep 30, 2024 | 59.23 Mn |
| Jun 30, 2024 | 56.62 Mn |
| Mar 31, 2024 | 55.09 Mn |
| Dec 31, 2023 | 56.99 Mn |
| Sep 30, 2023 | 50.57 Mn |
| Jun 30, 2023 | 47.80 Mn |
| Mar 31, 2023 | 44.22 Mn |
| Dec 31, 2022 | 38.61 Mn |
| Sep 30, 2022 | 33.81 Mn |
| Jun 30, 2022 | 29.41 Mn |
| Mar 31, 2022 | 26.51 Mn |