Nuveen Churchill Direct Lending (NCDL) FCF Margin (2022 - 2026)
Nuveen Churchill Direct Lending recorded quarterly FCF Margin of 32.05% in Q1 2026, down 142.72% quarter-over-quarter from 75.03% in Q4 2025, and down 1561.0% year-over-year from 2.19% in Q1 2025.
Nuveen Churchill Direct Lending's FCF Margin history runs 5 years deep, the most recent figure standing at 32.05% for Q1 2026.
- In Q1 2026, FCF Margin fell 1561.0% year-over-year to 32.05%; the TTM figure through Mar 2026 stood at 102.19% (up 20143.0% YoY), while the FY2025 annual figure was 99.11%, up 23858.0% from the prior year.
- FCF Margin came in at 32.05% for Q1 2026 at Nuveen Churchill Direct Lending, down from 75.03% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 258.12% in Q2 2025 to a low of 991.22% in Q2 2022.
- A 5-year average of 202.67% and a median of 198.78% in 2024 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin surged 77714 bps in 2023 and sank 10536 bps in 2024, its largest moves.
- Nuveen Churchill Direct Lending's FCF Margin stood at 301.73% in 2022, then dropped by 1 bps to 305.73% in 2023, then soared by 108 bps to 25.98% in 2024, then soared by 189 bps to 75.03% in 2025, then slumped by 143 bps to 32.05% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 32.05%, 75.03%, and 72.89% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | -16.21% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 26.47% |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 39.82% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 24.81% |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 32.02% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | -327.00% |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 8.80% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | -24.56% |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 27.99% |
| 10 | Nuveen Churchill Direct Lending | 661.29 Mn | 651.05 Mn | - | -32.05% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -32.05% |
| Dec 31, 2025 | 75.03% |
| Sep 30, 2025 | 72.89% |
| Jun 30, 2025 | 258.12% |
| Mar 31, 2025 | -16.44% |
| Dec 31, 2024 | 25.98% |
| Sep 30, 2024 | -73.74% |
| Jun 30, 2024 | -319.44% |
| Mar 31, 2024 | -198.78% |
| Dec 31, 2023 | -305.73% |
| Sep 30, 2023 | -273.86% |
| Jun 30, 2023 | -214.08% |
| Mar 31, 2023 | -120.92% |
| Dec 31, 2022 | -301.73% |
| Sep 30, 2022 | -525.69% |
| Jun 30, 2022 | -991.22% |
| Mar 31, 2022 | -503.82% |