Nuveen Churchill Direct Lending (NCDL) Free Cash Flow (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) reported Free Cash Flow of $61.02 million for Q2 2026, down 55.5% from $137.15 million a year earlier.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Free Cash Flow (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Nuveen Churchill Direct Lending's Free Cash Flow came in at $113.1 million, up 15.3% year-over-year; for FY2025, it came in at $194.16 million.
- By year, Free Cash Flow came in at -$297.2 million in FY2024, -$369.53 million in FY2023, -$427.84 million in FY2022 and -$389.12 million in FY2021.
- Five-year quarterly Free Cash Flow spans a low of -$169.36 million in Q2 2024 and a high of $137.15 million in Q2 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at -$13.74 million (Q1 2026), $28.57 million (Q4 2025) and $37.25 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | -1.25 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 728.46 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 9.25 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 229.29 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 2.42 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 335.15 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 1.62 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 336.00 Mn |
| 10 | Nuveen Churchill Direct Lending | 555.60 Mn | 555.60 Mn | - | 61.02 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.02 Mn |
| Mar 31, 2026 | -13.74 Mn |
| Dec 31, 2025 | 28.57 Mn |
| Sep 30, 2025 | 37.25 Mn |
| Jun 30, 2025 | 137.15 Mn |
| Mar 31, 2025 | -8.81 Mn |
| Dec 31, 2024 | 11.99 Mn |
| Sep 30, 2024 | -42.27 Mn |
| Jun 30, 2024 | -169.36 Mn |
| Mar 31, 2024 | -97.56 Mn |
| Dec 31, 2023 | -134.71 Mn |
| Sep 30, 2023 | -114.33 Mn |
| Jun 30, 2023 | -79.43 Mn |
| Mar 31, 2023 | -41.07 Mn |
| Dec 31, 2022 | -88.26 Mn |
| Sep 30, 2022 | -112.70 Mn |
| Jun 30, 2022 | -157.44 Mn |
| Mar 31, 2022 | -69.45 Mn |
API Access
Nuveen Churchill Direct Lending Free Cash Flow 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=free-cash-flow&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();