Morgan Stanley Direct Lending Fund MSDL
NYSE MSDL
$14.76 -0.28 (-1.90%)
As of: Sep 9, 2026 · 3:59 PM EDT

Morgan Stanley Direct Lending Fund (MSDL) EV to EBIT (2024 - 2026)

Morgan Stanley Direct Lending Fund's (MSDL) quarterly EV to EBIT came in at 30.74 in Q2 2026, down 12.93% year-over-year from 35.3 in Q2 2025, and up 16.51% quarter-over-quarter from 26.38 in Q1 2026.

Analysis

Morgan Stanley Direct Lending Fund (MSDL) EV to EBIT (2024 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has reported EV to EBIT for 3 consecutive years, with 30.74 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EV to EBIT fell 12.93% year-over-year to 30.74 in Q2 2026; TTM through Jun 2026 was 7.11, a 7.39% decrease from a year earlier, with the FY2025 full-year figure at 7.42, down 5.89% from the prior year.
  • EV to EBIT was 30.74 for Q2 2026 at Morgan Stanley Direct Lending Fund, up from 26.38 in the prior quarter.
  • Over five years, EV to EBIT peaked at 36.01 in Q1 2025 and troughed at 26.38 in Q1 2026.
  • A 3-year average of 31.71 and a median of 31.78 in 2026 frame the typical range for EV to EBIT.
  • Across the five-year window, EV to EBIT grew 7.55% in 2025 and decreased 26.74% in 2026, its largest moves.
  • Over 3 years, EV to EBIT stood at 33.95 in 2024, then slipped by 11.12% to 30.17 in 2025, then rose by 1.88% to 30.74 in 2026.
  • The last three EV to EBIT figures came in at 30.74 (Q2 2026), 26.38 (Q1 2026), and 30.17 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Ares Capital 14.12 Bn 13.73 Bn -
2 Blackstone Secured Lending Fund 5.69 Bn 5.42 Bn -
3 Blue Owl Capital 5.52 Bn 5.28 Bn -
4 Main Street Capital 5.26 Bn 5.20 Bn -
5 Blue Owl Technology Finance 5.05 Bn 4.84 Bn -
6 Hercules Capital 4.64 Bn 4.59 Bn -
7 FS KKR Capital 3.37 Bn 3.27 Bn -
8 Golub Capital Bdc 3.34 Bn 3.30 Bn -
9 PennantPark Floating Rate Capital 2.48 Bn -129.09 Mn -
10 Morgan Stanley Direct Lending Fund 1.25 Bn 1.17 Bn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 30.74
Mar 31, 2026 26.38
Dec 31, 2025 30.17
Sep 30, 2025 29.92
Jun 30, 2025 35.30
Mar 31, 2025 36.01
Dec 31, 2024 33.95
Sep 30, 2024 28.20
Jun 30, 2024 32.82
Mar 31, 2024 33.60