MSDL
Morgan Stanley Direct Lending Fund
NYSE: MSDL · FINANCIAL SERVICES · ASSET MANAGEMENT
$15.09
-0.72% today
Updated 2026-04-29
Market cap
$1.29B
P/E ratio
10.78
P/S ratio
3.24x
EPS (TTM)
$1.40
Dividend yield
13.20%
52W range
$14 – $18
Volume
0.8M
Morgan Stanley Direct Lending Fund (MSDL) Financial statements
SEC filings — annual and quarterly data.
Profit margin
30.70%
Operating margin
80.10%
ROE
6.80%
ROA
5.03%
Debt/equity
—
Margin trends — annual
Gross margin Operating margin Profit margin
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2019 | — | $-1.16M | — | — | — |
| 2020 | $23.47M | $18.30M | 84.13% | 77.96% | 77.96% |
| 2021 | $98.62M | $83.25M | 78.69% | 84.50% | 84.42% |
| 2022 | $100.22M | $48.54M | 32.96% | 48.77% | 48.44% |
| 2023 | $328.13M | $231.01M | 65.60% | 70.87% | 70.40% |
| 2024 | $332.52M | $215.56M | 63.03% | 65.56% | 64.83% |
| 2025 | $386.99M | $122.09M | 81.03% | 66.69% | 31.55% |