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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) FCF Margin (2022 - 2025)

Morgan Stanley Direct Lending Fund (MSDL) has disclosed FCF Margin for 4 consecutive years, with 55.65% as the latest value for Q4 2025.

  • On a quarterly basis, FCF Margin rose 15771.0% to 55.65% in Q4 2025 year-over-year; TTM through Dec 2025 was 37.98%, a 12992.0% increase, with the full-year FY2025 number at 37.98%, up 12992.0% from a year prior.
  • FCF Margin was 55.65% for Q4 2025 at Morgan Stanley Direct Lending Fund, up from 39.12% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 55.65% in Q4 2025 to a low of 293.03% in Q1 2022.
  • A 4-year average of 70.58% and a median of 61.64% in 2022 define the central range for FCF Margin.
  • Peak YoY movement for FCF Margin: skyrocketed 27346bps in 2023, then plummeted -12322bps in 2024.
  • Morgan Stanley Direct Lending Fund's FCF Margin stood at 69.13% in 2022, then surged by 131bps to 21.15% in 2023, then tumbled by -582bps to 102.06% in 2024, then surged by 155bps to 55.65% in 2025.
  • Per Business Quant, the three most recent readings for MSDL's FCF Margin are 55.65% (Q4 2025), 39.12% (Q3 2025), and 24.15% (Q2 2025).