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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%
Market cap
$1.1B
P/E
18.9×
Fwd P/E
11.6×
Dividend yield
14.2%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Morgan Stanley Direct Lending Fund (MSDL) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Morgan Stanley Direct Lending Fund (MSDL) trades at a P/E ratio of 18.9×. Over the past ten years it has ranged from 6.3× (February 2024) to 22.8× (July 2026); the current reading is higher than 89% of that period. That is above the Asset Management industry median of 14.0× and above the Financial sector median of 12.4×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 11.8× 38.45%
FY2024 8.5× 28.93%
FY2023 6.6× 0.00%
FY2022 6.6× 0.00%
FY2021 6.6× 0.00%
FY2020 6.6× —

Quarterly newest first

Period P/E ratio Change
Jun 2026 21.9× 58.54%
Mar 2026 13.8× 17.42%
Dec 2025 11.8× 20.79%
Sep 2025 9.7× 0.47%
22 more quarters

Against its own ten years

Low 6.3× High 22.8×
Ten-year median 8.9×
Current reading's percentile 89

P/E ratio against peers

Company P/E ratio
VRTS Virtus Investment Partners, Inc. compare 6.8×
BBDC BARINGS BDC, INC. compare 10.2×
KBDC Kayne Anderson BDC, Inc. compare 11.4×
CSWC Capital Southwest Corporation compare 12.2×
GSBD Goldman Sachs BDC, Inc. compare 16.8×
MSDL Morgan Stanley Direct Lending Fund 18.9×
OCSL Oaktree Specialty Lending Corp. compare 24.1×
RPC Ridgepost Capital, Inc. compare 31.8×
PSEC Prospect Capital Corporation compare 32.0×
Asset Management industry median 14.0×
Financial sector median 12.4×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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