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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) Net Margin (2022 - 2025)

Morgan Stanley Direct Lending Fund (MSDL) has disclosed Net Margin for 4 consecutive years, with 9.39% as the latest value for Q4 2025.

  • On a quarterly basis, Net Margin fell 622.0% to 9.39% in Q4 2025 year-over-year; TTM through Dec 2025 was 10.04%, a 1300.0% decrease, with the full-year FY2025 number at 10.04%, down 1335.0% from a year prior.
  • Net Margin was 9.39% for Q4 2025 at Morgan Stanley Direct Lending Fund, down from 9.86% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 37.84% in Q1 2022 to a low of 8.99% in Q2 2025.
  • A 4-year average of 20.98% and a median of 22.54% in 2023 define the central range for Net Margin.
  • Biggest YoY gain for Net Margin was 675bps in 2023; the steepest drop was -1685bps in 2023.
  • Morgan Stanley Direct Lending Fund's Net Margin stood at 18.01% in 2022, then skyrocketed by 37bps to 24.75% in 2023, then crashed by -37bps to 15.61% in 2024, then tumbled by -40bps to 9.39% in 2025.
  • Per Business Quant, the three most recent readings for MSDL's Net Margin are 9.39% (Q4 2025), 9.86% (Q3 2025), and 8.99% (Q2 2025).