Morgan Stanley Direct Lending Fund (MSDL) vs Sixth Street Specialty Lending, Inc. (TSLX)
- Morgan Stanley Direct Lending Fund MSDL 13.38 −1.40%
- Sixth Street Specialty Lending, Inc. TSLX 17.35 −1.25%
Morgan Stanley Direct Lending Fund and Sixth Street Specialty Lending, Inc. are both Asset Management companies. Sixth Street Specialty Lending, Inc. is the larger, with a market value of $1.7B against $1.1B — 1.5× the size. Sixth Street Specialty Lending, Inc. trades at the lower P/E: 18.3× against 19.4×. Morgan Stanley Direct Lending Fund grew revenue faster over the last twelve months: −9.57% against −13.8%. Sixth Street Specialty Lending, Inc. has the higher net margin (21.8% vs 16.0%) and the higher return on invested capital (3.54% vs 2.95%). Both pay a dividend; Morgan Stanley Direct Lending Fund yields more (13.8% vs 10.4%). Across the 20 metrics below, Morgan Stanley Direct Lending Fund leads on 11 and Sixth Street Specialty Lending, Inc. on 9.
Valuation
Profitability
| Metric | MSDL | TSLX | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 79.74% | 75.07% | 33.42% |
| Net margin | 15.97% | 21.77% | 13.37% |
| Free cash flow margin | 75.61% | 25.30% | 12.66% |
| Return on equity | 3.48% | 5.62% | 4.82% |
| Return on assets | 1.57% | 2.56% | 1.66% |
| Return on invested capital | 2.95% | 3.54% | 3.00% |
Growth
Health
Dividend
Size
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