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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) 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.

  • On a quarterly basis, EBT Margin fell 695.0% to 11.03% in Q4 2025 year-over-year; TTM through Dec 2025 was 10.75%, a 1322.0% decrease, with the full-year FY2025 number at 10.75%, down 1322.0% from a year prior.
  • EBT Margin was 11.03% for Q4 2025 at Morgan Stanley Direct Lending Fund, up from 10.26% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 37.84% in Q1 2022 to a low of 9.2% in Q2 2025.
  • A 4-year average of 21.49% and a median of 22.54% in 2023 define the central range for EBT Margin.
  • Peak YoY movement for EBT Margin: surged 815bps in 2023, then tumbled -1703bps in 2025.
  • Morgan Stanley Direct Lending Fund's EBT Margin stood at 18.01% in 2022, then soared by 45bps to 26.15% in 2023, then crashed by -31bps to 17.98% in 2024, then plummeted by -39bps to 11.03% in 2025.
  • Per Business Quant, the three most recent readings for MSDL's EBT Margin are 11.03% (Q4 2025), 10.26% (Q3 2025), and 9.2% (Q2 2025).