Nuveen Churchill Direct Lending (NCDL) FCF Payout Ratio (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) posted FCF Payout Ratio of 1.62 for Q1 2026, down 307.94% sequentially from 0.78 in Q4 2025, and up 51.65% YoY from 1.07 in Q1 2025.
Nuveen Churchill Direct Lending (NCDL) FCF Payout Ratio (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending has reported FCF Payout Ratio for 5 years, with the latest figure at 1.62 in Q1 2026.
- Quarterly FCF Payout Ratio rose 51.65% year-over-year to 1.62 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.5 (up 199.33% YoY) and the FY2025 annual result came in at 0.53, up 264.36% from the prior year.
- FCF Payout Ratio slipped to 1.62 in Q1 2026 per NCDL's latest filing, from 0.78 in the prior quarter.
- Over five years, FCF Payout Ratio peaked at 2.32 in Q4 2024 and troughed at 3.35 in Q1 2025.
- A 5-year average of 0.19 and a median of 0.12 in 2023 frame the typical range for FCF Payout Ratio.
- The sharpest annual moves came in 2024 and 2025: FCF Payout Ratio jumped 1971.34% in 2024, then sank 1588.25% in 2025.
- Over 5 years, FCF Payout Ratio stood at 0.12 in 2022, then decreased by 2.85% to 0.12 in 2023, then surged by 1971.34% to 2.32 in 2024, then slumped by 66.53% to 0.78 in 2025, then plunged by 307.94% to 1.62 in 2026.
- According to Business Quant data, FCF Payout Ratio over the past three periods registered 1.62, 0.78, and 0.6 for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 0.83 |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 0.80 |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 0.05 |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 1.50 |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 0.11 |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | -0.10 |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 0.05 |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | -0.34 |
| 10 | Nuveen Churchill Direct Lending | 606.47 Mn | 565.71 Mn | - | 0.32 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.32 |
| Mar 31, 2026 | -1.62 |
| Dec 31, 2025 | 0.78 |
| Sep 30, 2025 | 0.60 |
| Jun 30, 2025 | 0.21 |
| Mar 31, 2025 | -3.35 |
| Dec 31, 2024 | 2.32 |
| Sep 30, 2024 | -0.63 |
| Jun 30, 2024 | -0.13 |
| Mar 31, 2024 | -0.20 |
| Dec 31, 2023 | -0.12 |
| Sep 30, 2023 | -0.13 |
| Jun 30, 2023 | -0.24 |
| Mar 31, 2023 | -0.31 |
| Dec 31, 2022 | -0.12 |
| Sep 30, 2022 | -0.08 |
| Jun 30, 2022 | -0.05 |
| Mar 31, 2022 | -0.10 |