Nuveen Churchill Direct Lending (NCDL) EV to FCF (2025 - 2026)
Nuveen Churchill Direct Lending's (NCDL) EV to FCF stood at 3.98 in Q3 2026, up 4.5% from 3.81 a year earlier but down 26.5% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) EV to FCF (2025 - 2026) Analysis & Trends
For FY2025, Nuveen Churchill Direct Lending's EV to FCF came in at 3.39.
- Quarterly EV to FCF has ranged from 3.32 in Q1 2026 to 8.15 in Q2 2025 over the past five years.
- Per Business Quant, the preceding three quarters came in at 5.42 (Q2 2026), 3.32 (Q1 2026) and 3.39 (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 | 3.96 |
| Jun 30, 2026 | 5.38 |
| Mar 31, 2026 | 3.24 |
| Dec 31, 2025 | 3.35 |
| Sep 30, 2025 | 3.81 |
| Jun 30, 2025 | 8.15 |
API Access
Nuveen Churchill Direct Lending EV to FCF 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=ev-to-fcf&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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=ev-to-fcf&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();