Growth Metrics

Morgan Stanley Direct Lending Fund (MSDL) FCF Payout Ratio (2022 - 2025)

Morgan Stanley Direct Lending Fund (MSDL) has disclosed FCF Payout Ratio for 4 consecutive years, with 0.81 as the latest value for Q4 2025.

  • On a quarterly basis, FCF Payout Ratio rose 258.89% to 0.81 in Q4 2025 year-over-year; TTM through Dec 2025 was 1.22, a 375.9% increase, with the full-year FY2025 number at 1.22, up 375.9% from a year prior.
  • FCF Payout Ratio was 0.81 for Q4 2025 at Morgan Stanley Direct Lending Fund, down from 1.11 in the prior quarter.
  • In the past five years, FCF Payout Ratio ranged from a high of 2.88 in Q2 2023 to a low of 1.46 in Q1 2023.
  • A 4-year average of 0.31 and a median of 0.18 in 2022 define the central range for FCF Payout Ratio.
  • Biggest YoY gain for FCF Payout Ratio was 1971.42% in 2023; the steepest drop was 723.97% in 2023.
  • Morgan Stanley Direct Lending Fund's FCF Payout Ratio stood at 0.41 in 2022, then surged by 432.46% to 1.36 in 2023, then plummeted by 137.39% to 0.51 in 2024, then soared by 258.89% to 0.81 in 2025.
  • Per Business Quant, the three most recent readings for MSDL's FCF Payout Ratio are 0.81 (Q4 2025), 1.11 (Q3 2025), and 1.83 (Q2 2025).