Morgan Stanley Direct Lending Fund MSDL FINANCIAL
Company Overview
Morgan Stanley Direct Lending Fund is a business development company. It is a Private Debt fund. The fund chiefly invests in riskier bonds, issued by middle-market companies or by private equity firms looking to finance their acquisitions.
Why Investors Should Care
Net profit has compounded at 10.1% per year over the last five years.
Maintains a net profit margin of 22.8%.
Offers a dividend yield of 11.67%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Trailing 12 Months Year-on-year growth — revenue -12.2%, earnings -43.4%.
- 5-Year Trend Long-term compounding — profit CAGR 10.1%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | - |
| 1 Year: | -12.20% |
Compounded Profit Growth
| 5 Years: | 10.05% |
| 1 Year: | -43.36% |
Stock Price Performance
| 1 Year: | -2.94% |
| 6 Months: | +9.89% |
| 3 Months: | +3.64% |
| 1 Month: | -1.29% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMAAbove
- RSI (14)49.09 · Neutral
P/E of 22.10 is above the sector median of 14.52 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 22.8%.
- Profit CAGR of 10.1% over 5 years.
- Attractive dividend yield of 11.67%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MSDL Morgan Stanley Direct Lending Fund FINANCIAL | 15.25 | 22.10 | $1.28B | 11.67% | - | 5.01% | - | 10.05% |
| 2 | JPM JPMorgan Chase & Co. SPXR3KFINANCIAL | 358.64 | 15.37 | $953.34B | 1.68% | - | 17.79% | 12.50% | 14.83% |
| 3 | BRK-B Berkshire Hathaway Inc. SPXFINANCIAL | 506.03 | 15.07 | $707.59B | 0.00% | - | 10.50% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPXR3KFINANCIAL | 374.00 | 31.86 | $637.34B | 0.72% | 37.15% | 61.19% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPXR3KFINANCIAL | 579.21 | 31.82 | $503.60B | 0.60% | 60.19% | - | 12.29% | 19.21% |
| 6 | BAC Bank of America Corporation SPXR3KFINANCIAL | 62.68 | 14.48 | $438.31B | 2.03% | - | 11.20% | 3.14% | 4.27% |
| 7 | BRK-A Berkshire Hathaway Inc. FINANCIAL | 759,350.00 | 15.07 | $384.00B | 0.00% | - | 10.50% | 7.60% | 10.02% |
| 8 | HSBC HSBC Holdings plc FINANCIAL | 107.11 | 15.30 | $367.34B | 3.62% | - | 13.10% | 9.75% | 12.72% |
| 9 | MS Morgan Stanley SPXR3KFINANCIAL | 217.72 | 17.59 | $342.26B | 2.15% | - | 17.97% | 3.76% | 9.66% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 22.25M | -3.26M | 9.44M | 43.78M | 56.44M | 73.41M | 51.68M | 59.05M | 53.21M | 29.67M | 36.10M | 27.60M | -4.51M | 7.93M |
| Diluted EPS | 0.39 | -0.06 | 0.15 | 0.62 | 0.79 | 1.02 | 0.59 | 0.66 | 0.60 | 0.34 | 0.41 | 0.32 | -0.05 | 0.09 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Net Income | 83.25M | 48.54M | 231.01M | 215.56M | 122.09M |
| Diluted EPS | 2.67 | 0.79 | 3.11 | 2.43 | 1.40 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Total Assets | - | - | 2.99B | 3.31B | 3.91B | 3.92B |
| Total Equity | 301.62M | 1.19B | 1.40B | 1.72B | 1.84B | 1.75B |
| Cash & Equivalents | - | - | 81.22M | 69.70M | 63.40M | 81.43M |
| Long Term Debt | - | - | 1.52B | 1.50B | 1.97B | 2.09B |
| Total Liabilities | - | - | 1.59B | 1.59B | 2.07B | 2.17B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -1.66B | -429.83M | -83.82M | -382.51M | 150.90M |
| Financing Cash Flow | 1.72B | 436.90M | 72.31M | 376.19M | -132.90M |
| Share Buybacks | - | 0 | 0 | 18.06M | 41.96M |
| Dividends Paid | 38.22M | 85.75M | 110.50M | 169.08M | 184.03M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - |
| Net Margin % | - | - | - | - | - |
| ROE % | 7.0% | 3.5% | 13.4% | 11.7% | 7.0% |
| ROCE % | - | - | - | - | - |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Morgan Stanley | 18.69% | 15.72M | $238.68M |
| 2 | UBS Group AG | 3.07% | 2.58M | $39.18M |
| 3 | Van Eck Associates Corporation | 2.39% | 2.01M | $30.57M |
| 4 | Generali Asset Management Spa Sgr | 2.18% | 1.83M | $27.78M |
| 5 | Lunate Capital Ltd. | 1.31% | 1.10M | $16.76M |
| 6 | Russell Investments Group, Ltd. | 1.26% | 1.06M | $16.12M |
| 7 | Two Sigma Investments, LP | 1.06% | 893.19K | $13.56M |
| 8 | Muzinich & Co., Inc. | 1.00% | 838.90K | $12.73M |
| 9 | Ares Management LLC | 0.92% | 775.13K | $11.77M |
| 10 | Ensign Peak Advisors, Inc | 0.89% | 748.00K | $11.35M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for MSDL
Morgan Stanley Direct Lending Fund (MSDL) (Q2 2026) Earnings Call Highlights: NII Covers ...
MSDL maintains its $0.45 dividend as the Capstone JV ramps up, offsetting higher financing costs and increased non-accruals.
Morgan Stanley Direct Lending Fund (MSDL) Surpasses Q2 Earnings and Revenue Estimates
Morgan Stanley Direct Lending Fund (MSDL) delivered earnings and revenue surprises of +2.27% and +2.83%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?…
Implied Volatility Surging for Morgan Stanley Direct Lending Fund Stock Options
Investors need to pay close attention to MSDL stock based on the movements in the options market lately.
Analysts Estimate Morgan Stanley Direct Lending Fund (MSDL) to Report a Decline in Earnings: What to Look Out for
Morgan Stanley Direct Lending Fund (MSDL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Morgan Stanley Direct Lending Fund Announces Second Quarter 2026 Earnings Release and Conference Call
NEW YORK, July 06, 2026--Morgan Stanley Direct Lending Fund (NYSE: MSDL) ("MSDL"), a business development company externally managed by MS Capital Partners Adviser Inc., today announced it will release its financial results for the second q…
KBRA Assigns Rating to Morgan Stanley Direct Lending Fund's $350 Million Senior Unsecured Notes
NEW YORK, June 30, 2026--KBRA assigns a rating of BBB to Morgan Stanley Direct Lending Fund's (NYSE: MSDL or "the company") $350 million, 6.10% senior unsecured notes due July 15, 2031. The rating Outlook is Stable.…
MSDL — Frequently Asked Questions
What is the current share price of Morgan Stanley Direct Lending Fund (MSDL)?
As of 2026-09-07 16:24 PDT, Morgan Stanley Direct Lending Fund (MSDL) trades at $15.25 on NYSE. Its 52-week range is $13.17 to $16.23.
What is the market capitalisation of MSDL?
Morgan Stanley Direct Lending Fund (MSDL) has a market capitalisation of $1.28B on NYSE.
What is the P/E ratio of MSDL?
MSDL trades at a trailing price-to-earnings (P/E) ratio of 22.10. The industry average P/E is 14.52. Its price-to-book (P/B) ratio is 0.78.
Does MSDL pay a dividend?
Morgan Stanley Direct Lending Fund (MSDL) currently offers a dividend yield of 11.67%.
What is the return on equity (ROE) of MSDL?
MSDL has a return on equity (ROE) of 5.01%.
Is MSDL a good stock to buy?
This page provides a data-driven analysis of Morgan Stanley Direct Lending Fund (MSDL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.