Morgan Stanley Direct Lending Fund MSDL
NYSE MSDL
$14.72 -0.05 (-0.34%)
As of: Sep 10, 2026 · 11:07 AM EDT

Morgan Stanley Direct Lending Fund (MSDL) EBIT Margin (2022 - 2026)

Morgan Stanley Direct Lending Fund's (MSDL) quarterly EBIT Margin came in at 43.89% in Q2 2026, down 19.0% year-over-year from 54.18% in Q2 2025, and down 5.46% quarter-over-quarter from 46.42% in Q1 2026.

Analysis

Morgan Stanley Direct Lending Fund (MSDL) EBIT Margin (2022 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has reported EBIT Margin for 5 consecutive years, with 43.89% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EBIT Margin fell 19.0% year-over-year to 43.89% in Q2 2026; TTM through Jun 2026 was 45.02%, a 373.0% decrease from a year earlier, with the FY2025 full-year figure at 45.02%, down 850.0% from the prior year.
  • EBIT Margin was 43.89% for Q2 2026 at Morgan Stanley Direct Lending Fund, down from 46.42% in the prior quarter.
  • Over five years, EBIT Margin peaked at 59.85% in Q1 2022 and troughed at 43.89% in Q2 2026.
  • A 5-year average of 51.46% and a median of 53.21% in 2023 frame the typical range for EBIT Margin.
  • Across the five-year window, EBIT Margin jumped 409 bps in 2023 and plunged 1027 bps in 2025, its largest moves.
  • Over 5 years, EBIT Margin stood at 52.47% in 2022, then rose by 8 bps to 56.56% in 2023, then dropped by 11 bps to 50.21% in 2024, then slipped by 9 bps to 45.55% in 2025, then retreated by 4 bps to 43.89% in 2026.
  • The last three EBIT Margin figures came in at 43.89% (Q2 2026), 46.42% (Q1 2026), and 45.55% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT Margin (Qtr)
1 Ares Capital 14.05 Bn 13.66 Bn - 47.79%
2 Blackstone Secured Lending Fund 5.64 Bn 5.37 Bn - 55.61%
3 Blue Owl Capital 5.48 Bn 5.25 Bn - 44.07%
4 Main Street Capital 5.23 Bn 5.17 Bn - 62.71%
5 Blue Owl Technology Finance 4.98 Bn 4.77 Bn - 41.14%
6 Hercules Capital 4.62 Bn 4.57 Bn - 62.31%
7 FS KKR Capital 3.34 Bn 3.23 Bn - -
8 Golub Capital Bdc 3.31 Bn 3.26 Bn - 45.39%
9 PennantPark Floating Rate Capital 2.48 Bn -128.99 Mn - 8.79%
10 Morgan Stanley Direct Lending Fund 1.25 Bn 1.17 Bn - 43.89%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 43.89%
Mar 31, 2026 46.42%
Dec 31, 2025 45.55%
Sep 30, 2025 44.26%
Jun 30, 2025 44.07%
Mar 31, 2025 46.18%
Dec 31, 2024 50.21%
Sep 30, 2024 53.97%
Jun 30, 2024 54.35%
Mar 31, 2024 55.59%
Dec 31, 2023 56.56%
Sep 30, 2023 53.55%
Jun 30, 2023 53.77%
Mar 31, 2023 52.87%
Dec 31, 2022 52.47%
Sep 30, 2022 53.91%
Jun 30, 2022 58.83%
Mar 31, 2022 59.85%