Morgan Stanley Direct Lending Fund Growth Metrics (2022-2026) | MSDL

Growth Metrics Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025 Dec2025 Mar2026
Growth Ratios
Assets Growth (1y) (Quarter) 10.74%11.17%19.04%15.76%18.30%15.02%7.28%3.66%0.21%-2.23%
Assets Growth (3y) (Quarter) 9.50%7.72%
Assets (QoQ) (Quarter) 2.46%0.38%6.70%0.91%2.86%7.48%3.76%3.13%0.00%0.25%0.26%-0.31%-2.43%
Cash & Equivalents Growth (1y) (Quarter) -14.17%-34.98%79.69%2.66%-9.05%7.16%-45.02%-27.60%28.45%16.22%
Cash & Equivalents Growth (3y) (Quarter) 0.09%-6.79%
Cash & Equivalents (QoQ) (Quarter) 22.64%-46.94%66.67%-20.87%-7.09%46.64%-4.78%-29.89%9.47%-24.76%25.39%24.38%-0.95%
Cash from Operations Growth (1y) (Quarter) 86.93%106.73%15.61%142.22%-227.88%-1,295.00%-17.82%-558.31%163.56%122.53%133.33%151.12%153.19%
Cash from Operations Growth (3y) (Quarter) 31.47%29.69%32.60%44.05%93.78%
Cash from Operations (QoQ) (Quarter) -5.95%11.24%53.83%69.89%154.55%-1,212.83%123.10%-333.84%-98.80%-9.72%10.15%132.43%-29.53%62.32%37.80%60.63%
Dividends Paid - Common Growth (1y) (Quarter) 7.72%25.97%41.82%40.36%55.80%31.72%49.97%71.35%42.93%30.09%-2.58%-18.78%-18.82%
Dividends Paid - Common Growth (3y) (Quarter) 33.87%29.24%27.48%25.00%21.82%
Dividends Paid - Common (QoQ) (Quarter) -7.96%2.94%5.88%7.38%7.63%15.89%4.79%19.19%-9.00%31.94%19.73%-0.57%-17.18%-1.20%-0.18%-0.62%
Dividends payables Growth (1y) (Quarter) 51.15%24.56%8.94%23.90%6.53%-0.77%-2.53%-18.75%-18.80%-12.74%
Dividends payables Growth (3y) (Quarter) 9.35%2.55%
Dividends payables (QoQ) (Quarter) 7.94%15.01%5.30%15.64%-11.05%0.58%19.76%-0.58%-17.14%-1.20%-0.17%-0.64%-10.96%
EBITDA Margin Growth (1y) (Quarter) -796.00-362.00168.00-266.00103.00-134.00-162.00-329.00-897.00-979.00-971.00-521.00-70.00
EBITDA Margin Growth (3y) (Quarter) -1589.00-1475.00-966.00-1116.00-863.00
EBITDA Margin (QoQ) (Quarter) -325.00-491.00-12.0032.00109.0038.00-445.00401.00-128.0010.00-612.00-166.00-211.0018.00-162.00285.00
EBIT Growth (1y) (Quarter) 66.79%62.52%49.57%44.94%23.58%17.42%17.12%-11.13%-14.27%-21.85%-25.49%-16.46%-13.54%
EBIT Growth (3y) (Quarter) 20.90%14.25%9.28%2.47%-2.88%
EBIT Margin Growth (1y) (Quarter) -796.00-362.00168.00-266.00103.00-134.00-162.00-329.00-897.00-979.00-971.00-521.00-70.00
EBIT Margin Growth (3y) (Quarter) -1589.00-1475.00-966.00-1116.00-863.00
EBIT Margin (QoQ) (Quarter) -325.00-491.00-12.0032.00109.0038.00-445.00401.00-128.0010.00-612.00-166.00-211.0018.00-162.00285.00
EBIT (QoQ) (Quarter) 10.92%14.98%13.18%15.55%8.08%5.81%9.68%-1.48%2.69%5.54%-16.77%-4.95%-6.40%0.63%-6.68%-1.63%
EBT Growth (1y) (Quarter) -30.94%27.26%37.30%71.00%71.04%34.85%24.84%-76.13%-48.10%-65.88%-60.77%-611.23%-0.65%
EBT Growth (3y) (Quarter) -15.05%-16.34%-12.39%-59.87%-4.10%
EBT Margin Growth (1y) (Quarter) -2418.00-829.00-130.00554.00561.00277.0080.00-3829.00-950.00-1655.00-1350.00-8291.00129.00
EBT Margin Growth (3y) (Quarter) -2808.00-2206.00-1400.00-11566.00-261.00
EBT Margin (QoQ) (Quarter) -658.00-700.002,134.00-3193.00931.00-1.002,818.00-3187.00647.00-198.00-1091.00-308.00-57.00106.00-8032.008,112.00
EBT (QoQ) (Quarter) -3.32%-2.66%113.23%-65.59%78.16%5.03%165.56%-65.58%40.47%-2.77%-49.23%-25.15%-7.66%11.79%-761.62%114.55%
Enterprise Value Growth (1y) (Quarter) 14.17%34.98%-79.69%-2.66%-3.83%-7.16%16.15%16.48%-30.45%-44.83%
Enterprise Value Growth (3y) (Quarter) -5.15%-0.30%
Enterprise Value (QoQ) (Quarter) -22.64%46.94%-66.67%20.87%7.09%-46.64%4.78%19.97%4.11%-14.73%5.15%-25.01%-6.46%
EPS (Basic) Growth (1y) (Quarter) -44.35%5.66%22.46%38.17%35.57%5.75%-1.41%-81.00%-50.84%-65.18%-60.51%-674.90%0.07%
EPS (Basic) Growth (3y) (Quarter) -28.15%-27.00%-21.88%-51.96%-12.63%
EPS (Basic) (QoQ) (Quarter) -6.79%-10.06%121.61%-70.05%76.98%4.24%150.06%-70.61%38.04%-2.82%-51.82%-23.95%-2.22%10.24%-801.38%113.24%
EPS (Diluted) Growth (1y) (Quarter) -44.35%5.66%22.46%38.17%35.57%5.75%-1.41%-81.00%-50.84%-65.18%-60.51%-674.90%0.07%
EPS (Diluted) Growth (3y) (Quarter) -28.15%-27.00%-21.88%-51.96%-12.63%
EPS (Diluted) (QoQ) (Quarter) -6.79%-10.06%121.61%-70.05%76.98%4.24%150.06%-70.61%38.04%-2.82%-51.82%-23.95%-2.22%10.24%-801.38%113.24%
FCF Margin Growth (1y) (Quarter) 27,300.0027,556.007,850.009,755.00-3412.00-11269.00255.00-12322.008,776.0012,653.0014,575.0015,771.006,334.00
FCF Margin Growth (3y) (Quarter) 32,664.0028,940.0022,680.0013,204.0011,697.00
FCF Margin (QoQ) (Quarter) 2,778.007,757.0011,128.005,637.003,034.00-11949.0013,034.00-7529.00-4824.00-425.00457.0013,568.00-946.001,497.001,653.004,130.00
FCF Payout Ratio Growth (1y) (Quarter) -723.97%1,971.42%-68.06%432.46%52.48%-111.02%-27.29%-137.39%324.87%677.40%392.27%258.89%-67.94%
FCF Payout Ratio Growth (3y) (Quarter) 121.07%140.50%102.08%58.41%32.81%
FCF Payout Ratio (QoQ) (Quarter) 13.12%-15.97%-129.33%-256.64%297.31%-110.41%553.67%-150.97%54.23%-20.26%-33.25%406.58%17.53%-39.13%-27.56%-38.13%
Free Cash Flow Growth (1y) (Quarter) 86.93%106.73%15.61%142.22%-227.88%-1,295.00%-17.82%-558.31%163.56%122.53%133.33%151.12%153.19%
Free Cash Flow Growth (3y) (Quarter) 31.47%29.69%32.60%44.05%93.78%
Free Cash Flow (QoQ) (Quarter) -5.95%11.24%53.83%69.89%154.55%-1,212.83%123.10%-333.84%-98.80%-9.72%10.15%132.43%-29.53%62.32%37.80%60.63%
Interest Coverage Ratio Growth (1y) (Quarter) -47.79%-19.75%-6.28%14.90%11.83%4.87%-17.49%-34.02%-27.14%-72.33%4.17%
Interest Coverage Ratio Growth (3y) (Quarter) -20.90%-16.03%-10.54%-61.37%-0.42%
Interest Coverage Ratio (QoQ) (Quarter) -16.70%-14.82%260.87%-79.61%28.03%-0.53%24.61%-6.72%-23.48%-7.24%-0.36%3.01%-70.94%249.20%
Net Cash Flow Growth (1y) (Quarter) 152.11%-211.36%268.23%-186.24%-126.88%164.60%-112.88%-47.14%40.16%-127.42%390.50%159.37%74.07%
Net Cash Flow Growth (3y) (Quarter) 56.24%-30.01%38.02%-9.01%-26.86%
Net Cash Flow (QoQ) (Quarter) 218.97%-149.89%201.76%-13.71%-354.23%175.36%-152.16%73.11%711.05%-115.02%-495.95%89.06%-179.99%259.18%21.80%-104.78%
Net Income Growth (1y) (Quarter) -30.94%27.26%37.30%66.32%67.13%32.34%22.44%-77.32%-50.25%-65.99%-61.58%-665.96%-2.92%
Net Income Growth (3y) (Quarter) -16.88%-16.96%-13.56%-60.51%-6.89%
Net Income (QoQ) (Quarter) -3.32%-2.66%113.23%-65.59%78.16%5.03%158.29%-65.42%41.07%-2.82%-52.15%-24.15%-3.58%9.80%-804.81%113.01%
Net Income towards Common Stockholders Growth (1y) (Quarter) -30.94%27.26%37.30%66.32%67.13%32.34%22.44%-77.32%-50.25%-65.99%-61.58%-665.96%-2.92%
Net Income towards Common Stockholders Growth (3y) (Quarter) -16.88%-16.96%-13.56%-60.51%-6.89%
Net Income towards Common Stockholders (QoQ) (Quarter) -3.32%-2.66%113.23%-65.59%78.16%5.03%158.29%-65.42%41.07%-2.82%-52.15%-24.15%-3.58%9.80%-804.81%113.01%
Net Margin Growth (1y) (Quarter) -2418.00-829.00-130.00414.00517.00229.0034.00-3786.00-968.00-1627.00-1345.00-8358.0097.00
Net Margin Growth (3y) (Quarter) -2870.00-2227.00-1440.00-11730.00-354.00
Net Margin (QoQ) (Quarter) -658.00-700.002,134.00-3193.00931.00-1.002,678.00-3091.00643.00-196.00-1143.00-273.00-15.0086.00-8156.008,182.00
Operating Income Growth (1y) (Quarter) 66.79%62.52%49.57%44.94%23.58%17.42%17.12%-11.13%-14.27%-21.85%-25.49%-16.46%-13.54%
Operating Income Growth (3y) (Quarter) 20.90%14.25%9.28%2.47%-2.88%
Operating Income (QoQ) (Quarter) 10.92%14.98%13.18%15.55%8.08%5.81%9.68%-1.48%2.69%5.54%-16.77%-4.95%-6.40%0.63%-6.68%-1.63%
Operating Margin Growth (1y) (Quarter) -796.00-362.00168.00-266.00103.00-134.00-162.00-329.00-897.00-979.00-971.00-521.00-70.00
Operating Margin Growth (3y) (Quarter) -1589.00-1475.00-966.00-1116.00-863.00
Operating Margin (QoQ) (Quarter) -325.00-491.00-12.0032.00109.0038.00-445.00401.00-128.0010.00-612.00-166.00-211.0018.00-162.00285.00
Profit After Tax Growth (1y) (Quarter) 96.79%1,829.76%677.46%185.27%18.06%4.61%-27.52%-10.03%-42.59%-38.87%-48.12%-44.36%-115.20%
Profit After Tax Growth (3y) (Quarter) 10.07%135.51%42.98%12.61%-28.12%
Profit After Tax (QoQ) (Quarter) -114.67%389.37%113.06%117.61%28.93%30.06%-21.82%-9.94%14.24%-9.89%-2.96%-42.53%21.66%-23.53%4.08%-115.70%
Return on Assets Growth (1y) (Quarter) 0.000.000.000.000.000.000.000.000.00
Return on Assets Growth (3y) (Quarter) 0.00
Return on Assets (QoQ) (Quarter) 0.000.000.000.000.000.000.000.000.000.000.000.00
Return on Sales Growth (1y) (Quarter) 0.000.000.000.000.000.000.000.000.000.000.00-1.000.00
Return on Sales Growth (3y) (Quarter) 0.000.000.00-1.000.00
Return on Sales (QoQ) (Quarter) 0.000.000.000.000.000.000.000.000.000.000.000.000.000.00-1.001.00
Revenue Growth (1y) (Quarter) 91.31%73.17%45.05%52.47%21.27%20.35%20.64%-5.01%2.38%-4.49%-9.14%-6.25%-12.22%
Revenue Growth (3y) (Quarter) 33.42%25.79%16.72%10.73%2.91%
Revenue (QoQ) (Quarter) 17.04%25.45%13.43%14.86%5.94%5.09%19.23%-8.64%5.13%5.34%-6.12%-1.53%-1.92%0.22%-3.13%-7.80%
Tax Rate Growth (1y) (Quarter) 482.00404.0032.00201.00-990.00214.00
Tax Rate (QoQ) (Quarter) -45.00-42.006.00563.00-123.00-414.00174.00-627.001,081.00
Total Debt Growth (1y) (Quarter) -1.80%-6.15%7.05%7.17%31.91%35.13%23.18%12.53%5.74%2.20%
Total Debt Growth (3y) (Quarter) 11.06%9.03%
Total Debt (QoQ) (Quarter) 3.98%-1.85%10.52%-12.94%-0.63%11.96%10.64%7.16%1.80%2.06%1.08%0.69%-1.61%