NYSE · Asset Management

Nuveen Churchill Direct Lending Corp. (NCDL) Stock

$10.55 -0.47% NYSE: NCDL Financial Services

Valuation

Metric	Value
Price	$10.55
Market Cap	$521.03M
P/E Ratio	11.57
P/B Ratio	0.64
P/S Ratio	3.93
EPS (TTM)	$1.30
52-Week High	$15.07
52-Week Low	$10.39
Dividend Yield	13.79%

Financials & Margins

Metric	Value
ROE	5.40%
ROA	2.36%
ROCE	3.18%
Gross Margin	71.29%
Operating Margin	71.29%
Net Margin	33.85%
Debt/Equity	1.28
Current Ratio	0.00

Annual Financials (USD)

Metric	2021	2022	2023	2024	2025
Revenue	$39.0M	$47.0M	$144.0M	$186.0M	$202.0M
Operating Profit	$27.0M	$17.0M	$77.0M	$116.0M	$144.0M
Net Profit	$27.0M	$17.0M	$76.0M	$116.0M	$66.0M
EPS	$2.12	$0.74	$2.27	$2.15	$1.30
Op Margin	69.5%	37.0%	53.3%	62.6%	71.2%

Balance Sheet (USD)

Metric	2021	2022	2023	2024	2025
Total Assets	$821.0M	$1.3B	$1.7B	$2.1B	$2.1B
Total Liabilities	$447.0M	$729.0M	$983.0M	$1.2B	$1.2B
Cash	$35.0M	$39.0M	$67.0M	$43.0M	$9.0M
Borrowings	$406.0M	$700.0M	$944.0M	$1.1B	$1.1B

Latest News

Nuveen Churchill Direct Lending Corp. Schedules Second Quarter 2026 Earnings Release and Conference Call Business Wire · Jul 15, 2026 Nuveen Churchill Direct Lending Closes $100 Million Notes Offering MT Newswires · Jul 10, 2026 Nuveen Churchill Direct Lending Corp. Announces Closing of Public Offering of Additional $100.0 Million 6.650% Notes Due 2030 Business Wire · Jul 10, 2026 Nuveen Churchill Direct Lending Prices Additional Public Offering of $100 Million 6.650% Notes due 2030 MT Newswires · Jul 8, 2026 Nuveen Churchill Direct Lending Corp. Prices Public Offering of Additional $100.0 Million 6.650% Notes Due 2030 Business Wire · Jul 8, 2026

Cash Flow (USD)

Metric	2021	2022	2023	2024	2025
Operating Cash Flow	$41.0M	$25.0M	$73.0M	$136.0M	$194.0M
Investing Cash Flow	$-430.0M	$-453.0M	$-443.0M	$-434.0M	$0
Financing Cash Flow	$0	$0	$-4.0M	$-34.0M	$-71.0M
Net Cash Flow	$23.0M	$4.0M	$28.0M	$-24.0M	$19.0M
Free Cash Flow	$41.0M	$25.0M	$73.0M	$136.0M	$194.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-0.21
EV / EBITDA	25.72
FCF Yield	20.78%
Quick Ratio	0.00
Interest Coverage	0.93
Return 1Y	-19.23%
Return 3Y	—
Return 5Y	—

Peer Comparison

Ticker	Price	Change	P/E	Market Cap	Div Yield
BCSFBain Capital Specialty Finance, Inc.	$10.07	-1.66%	11.14	$653.23M	15.20%
ECC	$4.04	+0.00%	-3.83	$534.12M	0.00%
FDUSFidus Investment Corporation	$20.21	+3.43%	8.86	$767.06M	12.27%
GAINGladstone Investment Corporation - Business Development Company	$14.68	-0.14%	3.75	$584.59M	6.13%
MBWMMercantile Bank Corporation	$61.09	+1.11%	10.48	$1.06B	2.69%

About Nuveen Churchill Direct Lending Corp.

Nuveen Churchill Direct Lending Corp. is led by CEO Kenneth John Kencel, headquartered in US, publicly traded since 2024.

Nuveen Churchill Direct Lending Corp. (NCDL) stock trades at $10.55 with a market capitalization of $521.03M. The stock is valued at a price-to-earnings (P/E) ratio of 11.57, price-to-book of 0.64, price-to-sales of 3.93. Over the past 52 weeks the stock has ranged between $10.39 and $15.07, and currently trades 30.0% below its 52-week high. It pays a dividend yielding 13.79%.

On profitability, Nuveen Churchill Direct Lending Corp. generates a return on equity (ROE) of 5.40%, return on capital employed of 3.18%, an operating margin of 71.29%, a net profit margin of 33.85%.

Nuveen Churchill Direct Lending Corp. by the numbers, 2018–2025

Between 2018 and 2025 Nuveen Churchill Direct Lending Corp. reported revenue of $5.0M rising to $202.0M, a change of +3940.0% across 8 years. Compounded, revenue has grown 86.3% a year over five years, 62.6% over three, 8.6% over the last twelve months. Net profit rose to $66.0M.

Operating margin went from 67.3% in 2018 to 71.2% in 2025, a gain of 3.9 percentage points. The most recent net margin is 33.85%. On a trailing twelve-month basis to Jun '26, revenue is $139.0M and net profit $48.0M.

Borrowings stand at $1.1B, cash from operations was $194.0M in the latest year, positive in 7 of the last 8.

Return on equity has averaged 8.0% over five years, and was 7.5% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Nuveen Churchill Direct Lending Corp. (NCDL) — frequently asked questions

What is Nuveen Churchill Direct Lending Corp. (NCDL) stock price today?

Nuveen Churchill Direct Lending Corp. (NCDL) is currently trading at $10.55, down 0.47% today.

What is NCDL P/E ratio?

Nuveen Churchill Direct Lending Corp.'s P/E ratio is 11.57. This is below the typical market average of roughly 18-22x. A low P/E can reflect a lower valuation, slower expected growth, or both.

What is NCDL return on equity (ROE)?

Nuveen Churchill Direct Lending Corp.'s return on equity (ROE) is 5.40%. ROE measures net income relative to shareholders' equity. This is below the typical market range of roughly 12-15%.

What is Nuveen Churchill Direct Lending Corp.'s market cap?

Nuveen Churchill Direct Lending Corp. has a market capitalization of $521.03M.

Does NCDL pay a dividend?

Yes. Nuveen Churchill Direct Lending Corp. currently yields 13.79%. Yield moves with the share price, so it changes daily even when the payment does not.

How much debt does NCDL carry?

Nuveen Churchill Direct Lending Corp. has a debt-to-equity ratio of 1.28. That compares total borrowings with shareholders' equity: a figure under 1 means equity exceeds debt.

What is NCDL's profit margin?

Nuveen Churchill Direct Lending Corp. reports a net profit margin of 33.85% — the share of revenue left after every cost, including tax and interest.

What sector is NCDL in?

Nuveen Churchill Direct Lending Corp. is classified under Financial Services, in the Asset Management industry. Ratios are most informative compared with other companies in the same industry rather than across the whole market.

Which exchange is NCDL listed on?

Nuveen Churchill Direct Lending Corp. trades on NYSE under the ticker NCDL.

What is NCDL's 52-week range?

Over the last year Nuveen Churchill Direct Lending Corp. has traded between $10.39 and $15.07.

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Screens NCDL currently matches

On the figures above, Nuveen Churchill Direct Lending Corp. passes the filters for 22 of our ready-made screens, among them Low PE Stocks, Low PB Stocks, High Yield Dividend Stocks. Appearing on a screen means the numbers meet its filters today and nothing more; the list is rebuilt whenever the data changes.

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