Nuveen Churchill Direct Lending (NCDL) Enterprise Value (2024 - 2026)
Nuveen Churchill Direct Lending (NCDL) recorded Enterprise Value of $555.6 million in Q3 2026, down 18.0% from $677.24 million a year earlier and down 9.4% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Enterprise Value (2024 - 2026) Analysis & Trends
For FY2025, Nuveen Churchill Direct Lending reported Enterprise Value of $658.82 million, down 22.7% from FY2024.
- Across earlier years, Enterprise Value came in at $852.58 million in FY2024.
- The Q3 2026 figure is the lowest quarterly Enterprise Value in data going back to Q1 2024.
- On a year-over-year basis, Enterprise Value has declined for seven consecutive quarters, with an average decline of 18.6% over the last seven quarters.
- Per Business Quant, the preceding three quarters came in at $613.39 million (Q2 2026), $628.2 million (Q1 2026) and $658.82 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - |
| 10 | Nuveen Churchill Direct Lending | 581.78 Mn | 549.38 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 552.03 Mn |
| Jun 30, 2026 | 608.39 Mn |
| Mar 31, 2026 | 612.93 Mn |
| Dec 31, 2025 | 650.27 Mn |
| Sep 30, 2025 | 677.24 Mn |
| Jun 30, 2025 | 798.97 Mn |
| Mar 31, 2025 | 867.74 Mn |
| Dec 31, 2024 | 852.58 Mn |
| Sep 30, 2024 | 881.33 Mn |
| Jun 30, 2024 | 880.89 Mn |
| Mar 31, 2024 | 925.83 Mn |
API Access
Nuveen Churchill Direct Lending Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "NCDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();