Growth Metrics

Morgan Stanley Direct Lending Fund (MSDL) Return on Invested Capital (2023 - 2025)

Morgan Stanley Direct Lending Fund (MSDL) has disclosed Return on Invested Capital for 3 consecutive years, with 0.04% as the latest value for Q4 2025.

  • On a quarterly basis, Return on Invested Capital fell 1.0% to 0.04% in Q4 2025 year-over-year; TTM through Dec 2025 was 0.04%, a 1.0% decrease, with the full-year FY2025 number at 0.04%, down 2.0% from a year prior.
  • Return on Invested Capital was 0.04% for Q4 2025 at Morgan Stanley Direct Lending Fund, down from 0.05% in the prior quarter.
  • In the past five years, Return on Invested Capital ranged from a high of 0.06% in Q1 2024 to a low of 0.04% in Q4 2025.
  • A 3-year average of 0.06% and a median of 0.06% in 2024 define the central range for Return on Invested Capital.
  • Peak YoY movement for Return on Invested Capital: changed 0bps in 2024, then decreased -2bps in 2025.
  • Morgan Stanley Direct Lending Fund's Return on Invested Capital stood at 0.06% in 2023, then fell by -7bps to 0.06% in 2024, then fell by -24bps to 0.04% in 2025.
  • Per Business Quant, the three most recent readings for MSDL's Return on Invested Capital are 0.04% (Q4 2025), 0.05% (Q3 2025), and 0.05% (Q2 2025).