MSDL
Morgan Stanley Direct Lending FundNYSEFinancial Services$14.13+2.24%ClosedMarket Cap: $1.23B
As of 2026-04-06
Valuation
P/E (TTM)
10.05
PEG
—
P/B
0.71
P/S
4.23
EV/EBITDA
20.63
DCF Value
$211.77
FCF Yield
18.4%
Div Yield
13.8%
Margins & Returns
Gross Margin
58.7%
Operating Margin
54.0%
Net Margin
42.1%
ROE
6.9%
ROA
3.1%
ROIC
4.0%
Income Statement
| Period | Revenue | Gross Margin | Operating Income | Net Income | EPS | Dividend |
|---|---|---|---|---|---|---|
| Q4 2025 | $86.9M | 80.5% | $62.1M | $28.7M | $0.33 | $1.00 |
| FY 2025 | $387.0M | 81.0% | $258.1M | $122.1M | $1.40 | $2.50 |
| Q3 2025 | $64.7M | 47.6% | $28.0M | $27.6M | $0.32 | $1.00 |
| Q2 2025 | $73.0M | 52.5% | $36.3M | $36.1M | $0.41 | $1.00 |
| Q1 2025 | $65.4M | 47.8% | $30.3M | $29.7M | $0.34 | $1.00 |
| Q4 2024 | $84.0M | 60.5% | $52.6M | $51.6M | $0.58 | $1.10 |
| FY 2024 | $332.5M | 63.0% | $218.0M | $215.6M | $2.43 | $2.80 |
| Q3 2024 | $85.0M | 61.0% | $53.7M | $53.2M | $0.60 | $1.10 |
| Q2 2024 | $86.9M | 66.3% | $59.5M | $59.0M | $0.66 | $1.00 |
| Q1 2024 | $76.6M | 64.4% | $52.1M | $51.7M | $0.59 | $1.10 |
| Q4 2023 | $82.9M | 65.5% | $58.9M | $57.4M | $0.70 | $0.60 |
| FY 2023 | $328.1M | 65.6% | $232.5M | $231.0M | $2.62 | $0.60 |