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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

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

Morgan Stanley Direct Lending Fund has reported EBITDA Margin over the past 4 years, most recently at 45.55% for Q4 2025.

  • Quarterly EBITDA Margin fell 466.0% to 45.55% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 45.02% through Dec 2025, down 850.0% year-over-year, with the annual reading at 45.02% for FY2025, 850.0% down from the prior year.
  • EBITDA Margin was 45.55% for Q4 2025 at Morgan Stanley Direct Lending Fund, up from 44.26% in the prior quarter.
  • Over five years, EBITDA Margin peaked at 62.07% in Q1 2022 and troughed at 44.07% in Q2 2025.
  • The 4-year median for EBITDA Margin is 54.19% (2022), against an average of 52.91%.
  • Year-over-year, EBITDA Margin surged 230bps in 2023 and then crashed -1027bps in 2025.
  • A 4-year view of EBITDA Margin shows it stood at 54.27% in 2022, then grew by 4bps to 56.56% in 2023, then decreased by -11bps to 50.21% in 2024, then dropped by -9bps to 45.55% in 2025.
  • Per Business Quant, the three most recent readings for MSDL's EBITDA Margin are 45.55% (Q4 2025), 44.26% (Q3 2025), and 44.07% (Q2 2025).