Nuveen Churchill Direct Lending (NCDL) EBIT Margin (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) reported EBIT Margin of 43.33% for Q1 2026, down 790.0% on a YoY basis from 6.28% in Q1 2025, and down 6.69% sequentially from 46.44% in Q4 2025.
Nuveen Churchill Direct Lending (NCDL) EBIT Margin (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending (NCDL) has 5 years of EBIT Margin data on file, last reported at 43.33% in Q1 2026.
- For the quarter ending Q1 2026, EBIT Margin fell 790.0% year-over-year to 43.33%; the trailing twelve-month figure through Mar 2026 stood at 44.24% (down 1121.0% YoY), and the FY2025 full-year result was 47.65%, down 1005.0% from the prior year.
- EBIT Margin eased to 43.33% in Q1 2026, from 46.44% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 66.0% in Q1 2022 to a low of 43.02% in Q2 2025.
- A 5-year average of 53.32% and a median of 53.19% in 2023 frame the typical range for EBIT Margin.
- Across the five-year window, EBIT Margin surged 928 bps in 2023 and tumbled 1547 bps in 2025, its largest moves.
- Tracing NCDL's EBIT Margin over 5 years: stood at 49.49% in 2022, then rose by 19 bps to 58.76% in 2023, then slipped by 3 bps to 57.2% in 2024, then dropped by 19 bps to 46.44% in 2025, then declined by 7 bps to 43.33% in 2026.
- Business Quant data shows NCDL's EBIT Margin at 43.33% in Q1 2026, 46.44% in Q4 2025, and 44.34% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 175.98% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 42.01% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 44.01% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 24.88% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 72.52% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 18.44% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 170.02% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 31.56% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 36.65% |
| 10 | Nuveen Churchill Direct Lending | 598.08 Mn | 595.34 Mn | - | 43.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 43.33% |
| Dec 31, 2025 | 46.44% |
| Sep 30, 2025 | 44.34% |
| Jun 30, 2025 | 43.02% |
| Mar 31, 2025 | 51.23% |
| Dec 31, 2024 | 57.20% |
| Sep 30, 2024 | 54.94% |
| Jun 30, 2024 | 58.49% |
| Mar 31, 2024 | 60.58% |
| Dec 31, 2023 | 58.76% |
| Sep 30, 2023 | 51.87% |
| Jun 30, 2023 | 50.42% |
| Mar 31, 2023 | 53.19% |
| Dec 31, 2022 | 49.49% |
| Sep 30, 2022 | 57.93% |
| Jun 30, 2022 | 59.13% |
| Mar 31, 2022 | 66.00% |