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

Morgan Stanley Direct Lending Fund (MSDL) has reported EV to FCF for 3 consecutive years, with 11.54 the latest figure, recorded in Q2 2026.

• On a quarterly basis, EV to FCF fell 82.09% year-over-year to 11.54 in Q2 2026; TTM through Jun 2026 was 4.23, a 144.85% increase from a year earlier, with the FY2025 full-year figure at 8.8, up 291.59% from the prior year.
• EV to FCF was 11.54 for Q2 2026 at Morgan Stanley Direct Lending Fund, down from 12.63 in the prior quarter.
• Over five years, EV to FCF peaked at 64.43 in Q2 2025 and troughed at 34.5 in Q1 2024.
• A 3-year average of 11.37 and a median of 12.08 in 2026 frame the typical range for EV to FCF.
• Across the five-year window, EV to FCF surged 469.76% in 2025 and tumbled 82.09% in 2026, its largest moves.
• Over 3 years, EV to FCF stood at 16.7 in 2024, then soared by 247.86% to 24.69 in 2025, then tumbled by 53.28% to 11.54 in 2026.
• The last three EV to FCF figures came in at 11.54 (Q2 2026), 12.63 (Q1 2026), and 24.69 (Q4 2025), per Business Quant data.