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Nuveen Churchill Direct Lending (NCDL) FCF Margin (2022 - 2026)

Nuveen Churchill Direct Lending's FCF Margin history spans 4 years, with the latest figure at 75.03% for Q4 2025.

  • On a quarterly basis, FCF Margin rose 5270.0% to 75.03% in Q4 2025 year-over-year; TTM through Dec 2025 was 100.52%, a 23836.0% increase, with the full-year FY2025 number at 99.11%, up 23858.0% from a year prior.
  • FCF Margin hit 75.03% in Q4 2025 for Nuveen Churchill Direct Lending, up from 72.89% in the prior quarter.
  • Over the last five years, FCF Margin for NCDL hit a ceiling of 258.12% in Q2 2025 and a floor of 956.42% in Q2 2022.
  • Historically, FCF Margin has averaged 207.54% across 4 years, with a median of 203.97% in 2024.
  • Biggest five-year swings in FCF Margin: skyrocketed 73757bps in 2023 and later tumbled -10059bps in 2024.
  • Tracing NCDL's FCF Margin over 4 years: stood at 301.73% in 2022, then increased by 9bps to 275.2% in 2023, then skyrocketed by 108bps to 22.33% in 2024, then surged by 236bps to 75.03% in 2025.
  • Business Quant data shows FCF Margin for NCDL at 75.03% in Q4 2025, 72.89% in Q3 2025, and 258.12% in Q2 2025.