Nuveen Churchill Direct Lending (NCDL) FCF Payout Ratio (2022 - 2026)

Nuveen Churchill Direct Lending has disclosed FCF Payout Ratio across 5 years of filings, most recently posting 1.62 for Q1 2026.

• FCF Payout Ratio for Q1 2026 came in at 1.62, up 51.65% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.5 (up 199.33% YoY), and the FY2025 annual result 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.
• The 5-year median for FCF Payout Ratio is 0.12 (2023), against an average of 0.19.
• Across the five-year window, FCF Payout Ratio surged 1971.34% in 2024 and sank 1588.25% in 2025, its largest moves.
• Nuveen Churchill Direct Lending's FCF Payout Ratio stood at 0.12 in 2022, then fell by 2.85% to 0.12 in 2023, then soared 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.
• The last three FCF Payout Ratio figures came in at 1.62 (Q1 2026), 0.78 (Q4 2025), and 0.6 (Q3 2025), per Business Quant data.