Nuveen Churchill Direct Lending (NCDL) EBT Margin (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) reported EBT Margin of 7.06% for Q1 2026, down 1866.0% on a YoY basis from 0.4% in Q1 2025, and down 138.58% sequentially from 18.31% in Q4 2025.
Nuveen Churchill Direct Lending (NCDL) EBT Margin (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending (NCDL) has 5 years of EBT Margin data on file, last reported at 7.06% in Q1 2026.
- For the quarter ending Q1 2026, EBT Margin fell 1866.0% year-over-year to 7.06%; the trailing twelve-month figure through Mar 2026 stood at 5.25% (down 1151.0% YoY), and the FY2025 full-year result was 7.88%, down 1233.0% from the prior year.
- EBT Margin fell to 7.06% in Q1 2026, from 18.31% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 44.08% in Q1 2022 to a low of 7.06% in Q1 2026.
- A 5-year average of 17.19% and a median of 17.65% in 2023 frame the typical range for EBT Margin.
- Across the five-year window, EBT Margin slumped 2906 bps in 2023 and surged 1129 bps in 2024, its largest moves.
- Tracing NCDL's EBT Margin over 5 years: stood at 18.67% in 2022, then dropped by 5 bps to 17.65% in 2023, then advanced by 2 bps to 18.05% in 2024, then grew by 1 bps to 18.31% in 2025, then tumbled by 139 bps to 7.06% in 2026.
- Business Quant data shows NCDL's EBT Margin at 7.06% in Q1 2026, 18.31% in Q4 2025, and 4.52% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT 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 | - | 42.43% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 40.22% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 130.41% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 25.53% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 23.41% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 52.23% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 19.05% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 34.04% |
| 10 | Nuveen Churchill Direct Lending | 598.08 Mn | 595.34 Mn | - | -7.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -7.06% |
| Dec 31, 2025 | 18.31% |
| Sep 30, 2025 | 4.52% |
| Jun 30, 2025 | 5.18% |
| Mar 31, 2025 | 11.60% |
| Dec 31, 2024 | 18.05% |
| Sep 30, 2024 | 14.47% |
| Jun 30, 2024 | 23.18% |
| Mar 31, 2024 | 26.06% |
| Dec 31, 2023 | 17.65% |
| Sep 30, 2023 | 13.43% |
| Jun 30, 2023 | 11.88% |
| Mar 31, 2023 | 15.02% |
| Dec 31, 2022 | 18.67% |
| Sep 30, 2022 | 23.88% |
| Jun 30, 2022 | 33.39% |
| Mar 31, 2022 | 44.08% |