Nuveen Churchill Direct Lending (NCDL) Equity Income (2022 - 2026)

Nuveen Churchill Direct Lending (NCDL) reported Equity Income of -$7.8 million for Q1 2026, up 42.44% on a YoY basis from -$5.5 million in Q1 2025, and down 3.98% sequentially from -$7.5 million in Q4 2025.

Nuveen Churchill Direct Lending (NCDL) Equity Income (2022 - 2026) Analysis & Trends

Nuveen Churchill Direct Lending (NCDL) has 5 years of Equity Income data on file, last reported at -$7.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Equity Income rose 42.44% year-over-year to -$7.8 million; the trailing twelve-month figure through Mar 2026 stood at -$15.8 million (down 52.78% YoY), and the FY2025 full-year result was -$21.6 million, down 395.9% from the prior year.
  • Equity Income eased to -$7.8 million in Q1 2026, from -$7.5 million in the prior quarter.
  • In the past five years, Equity Income ranged from a high of $11.6 million in Q3 2023 to a low of -$13.6 million in Q1 2025.
  • A 5-year average of -$2.9 million and a median of -$4.2 million in 2025 frame the typical range for Equity Income.
  • Across the five-year window, Equity Income jumped 295.37% in 2023 and plunged 434.56% in 2025, its largest moves.
  • Tracing NCDL's Equity Income over 5 years: stood at -$7.1 million in 2022, then soared by 163.67% to $4.5 million in 2023, then surged by 149.66% to $11.3 million in 2024, then plunged by 166.6% to -$7.5 million in 2025, then slipped by 3.98% to -$7.8 million in 2026.
  • Business Quant data shows NCDL's Equity Income at -$7.8 million in Q1 2026, -$7.5 million in Q4 2025, and -$4.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Income (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -
2 BlackRock 161.01 Bn 148.08 Bn - -
3 Blackstone 97.77 Bn 96.72 Bn - -
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn -
5 State Street 51.30 Bn 51.30 Bn - -
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn -
7 Northern Trust 32.93 Bn 32.93 Bn - -
8 Raymond James Financial 32.59 Bn 17.67 Bn - -
9 Price T Rowe 24.70 Bn 21.13 Bn - -
10 Nuveen Churchill Direct Lending 598.08 Mn 595.34 Mn - -7.81 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -7.81 Mn
Dec 31, 2025 -7.51 Mn
Sep 30, 2025 -4.25 Mn
Jun 30, 2025 3.77 Mn
Mar 31, 2025 -13.57 Mn
Dec 31, 2024 11.28 Mn
Sep 30, 2024 4.05 Mn
Jun 30, 2024 -12.10 Mn
Mar 31, 2024 4.06 Mn
Dec 31, 2023 4.52 Mn
Sep 30, 2023 11.57 Mn
Jun 30, 2023 -4.24 Mn
Mar 31, 2023 -11.14 Mn
Dec 31, 2022 -7.10 Mn
Sep 30, 2022 -5.92 Mn
Jun 30, 2022 -12.51 Mn
Mar 31, 2022 -2.38 Mn