Goldman Sachs BDC, Inc. (GSBD) vs Morgan Stanley Direct Lending Fund (MSDL)
- Goldman Sachs BDC, Inc. GSBD 8.73 −2.13%
- Morgan Stanley Direct Lending Fund MSDL 13.03 −1.96%
Goldman Sachs BDC, Inc. and Morgan Stanley Direct Lending Fund are both Asset Management companies. Morgan Stanley Direct Lending Fund is the larger, with a market value of $1.1B against $1.0B — 1.1× the size. Goldman Sachs BDC, Inc. trades at the lower P/E: 16.8× against 18.9×. Morgan Stanley Direct Lending Fund grew revenue faster over the last twelve months: −9.57% against −15.4%. Goldman Sachs BDC, Inc. has the higher net margin (17.2% vs 16.0%) and the higher return on invested capital (3.09% vs 2.95%). Both pay a dividend; Goldman Sachs BDC, Inc. yields more (15.8% vs 14.2%). Across the 20 metrics below, Goldman Sachs BDC, Inc. leads on 10 and Morgan Stanley Direct Lending Fund on 10.
Valuation
Profitability
| Metric | GSBD | MSDL | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 80.87% | 79.74% | 33.42% |
| Net margin | 17.19% | 15.97% | 13.37% |
| Free cash flow margin | 23.94% | 75.61% | 12.36% |
| Return on equity | 4.07% | 3.48% | 4.79% |
| Return on assets | 1.75% | 1.57% | 1.55% |
| Return on invested capital | 3.09% | 2.95% | 2.97% |
Growth
Health
Dividend
Size
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