Saturday 17 October 2026
Export MSDL’s income statement to Excel — free account
Morgan Stanley Direct Lending Fund
MSDL Financial Asset Management
Morgan Stanley Direct Lending Fund’s revenue for fiscal 2025 (year ended December 2025) was $397.3 million, down 4.52% from fiscal 2024. In the quarter to June 2026, revenue fell 10.8%, EPS fell 78.1%, free cash flow grew 331.9% and total debt fell 3.33%, each against the same quarter a year earlier.
13.03
0.26
−1.96%
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| Older periods | Sep '25 | Dec '25 | Mar '26 | Jun '26 | |
|---|---|---|---|---|---|
Piotroski F-Score |
+8 more TTM periods Free account |
1 | 6 | 6 | 6 |
| 8.00% | 6.80% | 5.01% | 3.48% | ||
| 3.75% | 3.12% | 2.27% | 1.57% | ||
ROIC |
3.00% | 2.96% | 2.96% | 2.95% | |
Return on Tangible Assets |
364.11% | 306.39% | 177.42% | 103.52% | |
Average Days of Receivables |
40.44 | 24.69 | 32.49 | 52.64 | |
Free Cash Flow per Share |
(0.09) | 1.73 | 2.37 | 3.34 | |
Free Cash Flow |
(8.01) | 150.90 | 203.14 | 282.91 | |
| Other line items | |||||
Cash ROIC |
(0.21%) | 3.85% | 5.31% | 7.66% | |
Accounts Receivable Turnover |
10.30 | 13.72 | 12.51 | 9.43 | |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | |
Tax Rate |
(0.01) | (0.02) | (0.02) | (0.02) | |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | |
Selling, General and Administrative Expense of Revenue |
2.07% | 2.18% | 2.21% | 2.29% | |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | |
Interest Coverage |
2.34 | 2.31 | 2.31 | 2.30 | |
Operating CF/Net income |
(0.06) | 1.24 | 2.31 | 4.74 | |
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.00 | |
Capex/Depreciation |
0.00 | 0.00 | 0.00 | 0.00 | |
Revenue per Share |
4.65 | 4.55 | 4.49 | 4.41 | |
Operating CF per Share |
(0.09) | 1.73 | 2.37 | 3.34 | |
Capex per Share |
0.00 | 0.00 | 0.00 | 0.00 | |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.00 |
Columns are period end dates