Goldman Sachs BDC, Inc. (GSBD) vs Morgan Stanley Direct Lending Fund (MSDL)
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 $1.2B against $1.1B — 1.1× the size. Goldman Sachs BDC, Inc. trades at the lower P/E: 18.3× against 20.7×. 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%). Across the 21 metrics below, Morgan Stanley Direct Lending Fund leads on 12 and Goldman Sachs BDC, Inc. on 9.
Valuation
Profitability
| Metric | GSBD | MSDL | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 80.87% | 79.74% | 33.03% |
| Net margin | 17.19% | 15.97% | 13.53% |
| Free cash flow margin | 23.94% | 75.61% | 12.44% |
| Return on equity | 4.07% | 3.48% | 4.83% |
| Return on assets | 1.75% | 1.57% | 1.57% |
| Return on invested capital | 3.09% | 2.95% | 3.04% |
Growth
Health
Dividend
Size
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