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%
Follow MSDL
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Older periods | |
|---|---|---|---|---|---|
Piotroski F-Score |
6 | 6 | 6 | 1 |
+8 more TTM periods Free account |
| 3.48% | 5.01% | 6.80% | 8.00% | ||
| 1.57% | 2.27% | 3.12% | 3.75% | ||
ROIC |
2.95% | 2.96% | 2.96% | 3.00% | |
Return on Tangible Assets |
103.52% | 177.42% | 306.39% | 364.11% | |
Average Days of Receivables |
52.64 | 32.49 | 24.69 | 40.44 | |
Free Cash Flow per Share |
3.34 | 2.37 | 1.73 | (0.09) | |
Free Cash Flow |
282.91 | 203.14 | 150.90 | (8.01) | |
| Other line items | |||||
Cash ROIC |
7.66% | 5.31% | 3.85% | (0.21%) | |
Accounts Receivable Turnover |
9.43 | 12.51 | 13.72 | 10.30 | |
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 |
(0.02) | (0.02) | (0.02) | (0.01) | |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | |
Selling, General and Administrative Expense of Revenue |
2.29% | 2.21% | 2.18% | 2.07% | |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | |
Interest Coverage |
2.30 | 2.31 | 2.31 | 2.34 | |
Operating CF/Net income |
4.74 | 2.31 | 1.24 | (0.06) | |
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.00 | |
Capex/Depreciation |
0.00 | 0.00 | 0.00 | 0.00 | |
Revenue per Share |
4.41 | 4.49 | 4.55 | 4.65 | |
Operating CF per Share |
3.34 | 2.37 | 1.73 | (0.09) | |
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