Nuveen Churchill Direct Lending (NCDL) FCF Payout Ratio (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) reported FCF Payout Ratio of 1.62 for Q1 2026, up 51.65% on a YoY basis from 1.07 in Q1 2025, and down 307.94% sequentially from 0.78 in Q4 2025.
Nuveen Churchill Direct Lending (NCDL) FCF Payout Ratio (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending (NCDL) has 5 years of FCF Payout Ratio data on file, last reported at 1.62 in Q1 2026.
- For the quarter ending Q1 2026, FCF Payout Ratio rose 51.65% year-over-year to 1.62; the trailing twelve-month figure through Mar 2026 stood at 0.5 (up 199.33% YoY), and the FY2025 full-year result was 0.53, up 264.36% from the prior year.
- FCF Payout Ratio slipped to 1.62 in Q1 2026, 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 surged 1971.34% in 2024 and tumbled 1588.25% in 2025, its largest moves.
- Tracing NCDL's FCF Payout Ratio over 5 years: stood at 0.12 in 2022, then declined by 2.85% to 0.12 in 2023, then surged by 1971.34% to 2.32 in 2024, then tumbled by 66.53% to 0.78 in 2025, then sank by 307.94% to 1.62 in 2026.
- Business Quant data shows NCDL's FCF Payout Ratio at 1.62 in Q1 2026, 0.78 in Q4 2025, and 0.6 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | -0.90 |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.00 |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 0.19 |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | -0.02 |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 0.34 |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | -0.45 |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 0.10 |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 0.38 |
| 10 | Nuveen Churchill Direct Lending | 598.08 Mn | 595.34 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 |