Growth Metrics

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

Morgan Stanley Direct Lending Fund has reported EBT Margin over the past 4 years, most recently at 11.03% 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 was 11.03% for Q4 2025 at Morgan Stanley Direct Lending Fund, up from 10.26% in the prior quarter.
  • Over five years, EBT Margin peaked at 37.84% in Q1 2022 and troughed at 9.2% in Q2 2025.
  • The 4-year median for EBT Margin is 22.97% (2023), against an average of 21.77%.
  • Year-over-year, EBT Margin surged 777bps in 2023 and then tumbled -1703bps in 2025.
  • A 4-year view of EBT Margin shows it stood at 19.9% in 2022, then surged by 39bps to 27.67% in 2023, then tumbled by -35bps to 17.98% in 2024, then tumbled 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).