Nuveen Churchill Direct Lending (NCDL) FCF Payout Ratio (2019 - 2026)
Nuveen Churchill Direct Lending's (NCDL) FCF Payout Ratio was 0.29 for Q3 2026, down 50.8% from 0.60 a year earlier and down 9.0% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) FCF Payout Ratio (2019 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Nuveen Churchill Direct Lending's FCF Payout Ratio came in at 0.59, down 2.1% year-over-year; for FY2025, it was 0.53.
- The Q3 2026 figure ranks as the lowest quarterly FCF Payout Ratio since Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 0.01 |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 0.04 |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 0.12 |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | Nuveen Churchill Direct Lending | 581.78 Mn | 549.38 Mn | - | 0.29 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.29 |
| Jun 30, 2026 | 0.32 |
| Dec 31, 2025 | 0.78 |
| Sep 30, 2025 | 0.60 |
| Jun 30, 2025 | 0.21 |
| Dec 31, 2024 | 2.32 |
| Dec 31, 2019 | 0.07 |
| Sep 30, 2019 | 0.14 |
API Access
Nuveen Churchill Direct Lending FCF Payout Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-payout-ratio&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-payout-ratio", "ticker": "NCDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-payout-ratio&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();