Morgan Stanley Direct Lending Fund (MSDL) vs Patria Investments Limited (PAX)
Morgan Stanley Direct Lending Fund and Patria Investments Limited are both Asset Management companies. Patria Investments Limited is the larger, with a market value of $1.6B against $1.2B — 1.4× the size. Morgan Stanley Direct Lending Fund trades at the lower P/E: 20.7× against 22.8×. Patria Investments Limited grew revenue faster over the last twelve months: 2.40% against −9.57%. Patria Investments Limited has the higher net margin (19.3% vs 16.0%) and the higher return on invested capital (8.82% vs 2.95%). Across the 22 metrics below, Morgan Stanley Direct Lending Fund leads on 13 and Patria Investments Limited on 9.
Valuation
Profitability
| Metric | MSDL | PAX | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 43.25% | 100.00% |
| Operating margin | 79.74% | 28.00% | 33.03% |
| Net margin | 15.97% | 19.30% | 13.53% |
| Free cash flow margin | 75.61% | 45.78% | 12.44% |
| Return on equity | 3.48% | 13.06% | 4.83% |
| Return on assets | 1.57% | 4.95% | 1.57% |
| Return on invested capital | 2.95% | 8.82% | 3.04% |
Growth
Health
Dividend
Size
Any metric, up to five companies and an Excel export Powerpack