Nuveen Churchill Direct Lending (NCDL) FCF Payout Ratio (2022 - 2026)
Nuveen Churchill Direct Lending recorded quarterly FCF Payout Ratio of 1.62 in Q1 2026, down 307.94% quarter-over-quarter from 0.78 in Q4 2025, and up 51.65% year-over-year from 1.07 in Q1 2025.
Nuveen Churchill Direct Lending's FCF Payout Ratio history runs 5 years deep, the most recent figure standing at 1.62 for Q1 2026.
- In Q1 2026, FCF Payout Ratio rose 51.65% year-over-year to 1.62; the TTM figure through Mar 2026 stood at 0.5 (up 199.33% YoY), while the FY2025 annual figure was 0.53, up 264.36% from the prior year.
- FCF Payout Ratio came in at 1.62 for Q1 2026 at Nuveen Churchill Direct Lending, down from 0.78 in the prior quarter.
- In the past five years, FCF Payout Ratio ranged from a high of 2.32 in Q4 2024 to a low of 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.
- Across the five-year window, FCF Payout Ratio soared 1971.34% in 2024 and plunged 1588.25% in 2025, its largest moves.
- Nuveen Churchill Direct Lending's FCF Payout Ratio stood at 0.12 in 2022, then retreated by 2.85% to 0.12 in 2023, then jumped by 1971.34% to 2.32 in 2024, then sank by 66.53% to 0.78 in 2025, then tumbled 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | - |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 0.37 |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 0.10 |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 2.44 |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 0.18 |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | -0.02 |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 0.34 |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | -0.45 |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 0.21 |
| 10 | Nuveen Churchill Direct Lending | 661.29 Mn | 651.05 Mn | - | -1.62 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |