Growth Metrics

Morgan Stanley Direct Lending Fund (MSDL) EBT Margin (2022 - 2025)

Morgan Stanley Direct Lending Fund (MSDL) has disclosed EBT Margin for 4 consecutive years, with 11.03% as the latest value for Q4 2025.

  • Quarterly EBT Margin fell 695.0% to 11.03% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 10.75% through Dec 2025, down 1322.0% year-over-year, with the annual reading at 10.75% for FY2025, 1322.0% down from the prior year.
  • EBT Margin for Q4 2025 was 11.03% at Morgan Stanley Direct Lending Fund, up from 10.26% in the prior quarter.
  • The five-year high for EBT Margin was 37.84% in Q1 2022, with the low at 9.2% in Q2 2025.
  • Average EBT Margin over 4 years is 21.77%, with a median of 22.97% recorded in 2023.
  • The sharpest move saw EBT Margin soared 777bps in 2023, then crashed -1703bps in 2025.
  • Over 4 years, EBT Margin stood at 19.9% in 2022, then skyrocketed by 39bps to 27.67% in 2023, then plummeted by -35bps to 17.98% in 2024, then plummeted by -39bps to 11.03% in 2025.
  • According to Business Quant data, EBT Margin over the past three periods came in at 11.03%, 10.26%, and 9.2% for Q4 2025, Q3 2025, and Q2 2025 respectively.