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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.

  • Quarterly Net Margin fell 762.0% to 9.39% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 10.04% through Dec 2025, down 1335.0% year-over-year, with the annual reading at 10.04% for FY2025, 1335.0% down from the prior year.
  • Net Margin for Q4 2025 was 9.39% at Morgan Stanley Direct Lending Fund, down from 9.85% in the prior quarter.
  • The five-year high for Net Margin was 37.84% in Q1 2022, with the low at 8.99% in Q2 2025.
  • Average Net Margin over 4 years is 21.35%, with a median of 22.97% recorded in 2023.
  • The sharpest move saw Net Margin skyrocketed 626bps in 2023, then plummeted -1675bps in 2025.
  • Over 4 years, Net Margin stood at 19.9% in 2022, then soared by 31bps to 26.16% in 2023, then crashed by -35bps to 17.01% in 2024, then crashed by -45bps to 9.39% in 2025.
  • According to Business Quant data, Net Margin over the past three periods came in at 9.39%, 9.85%, and 8.99% for Q4 2025, Q3 2025, and Q2 2025 respectively.