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.

  • Quarterly Return on Invested Capital fell 1.0% to 0.04% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 0.04% through Dec 2025, down 1.0% year-over-year, with the annual reading at 0.04% for FY2025, 2.0% down from the prior year.
  • Return on Invested Capital for Q4 2025 was 0.04% at Morgan Stanley Direct Lending Fund, down from 0.05% in the prior quarter.
  • The five-year high for Return on Invested Capital was 0.06% in Q1 2024, with the low at 0.04% in Q4 2025.
  • Average Return on Invested Capital over 3 years is 0.06%, with a median of 0.06% recorded in 2024.
  • The sharpest move saw Return on Invested Capital changed 0bps in 2024, then fell -1bps in 2025.
  • Over 3 years, Return on Invested Capital stood at 0.06% in 2023, then fell by -5bps to 0.06% in 2024, then fell by -25bps to 0.04% in 2025.
  • According to Business Quant data, Return on Invested Capital over the past three periods came in at 0.04%, 0.05%, and 0.05% for Q4 2025, Q3 2025, and Q2 2025 respectively.