Nuveen Churchill Direct Lending (NCDL) Price to FCF (2025 - 2026)
Nuveen Churchill Direct Lending's (NCDL) Price to FCF was 5.42 for Q2 2026, down 33.7% from 8.18 a year earlier but up 63.4% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Price to FCF (2025 - 2026) Analysis & Trends
For FY2025, Price to FCF at Nuveen Churchill Direct Lending was 3.39.
- Five-year quarterly Price to FCF spans a low of 3.32 in Q1 2026 and a high of 8.18 in Q2 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at 3.32 (Q1 2026), 3.39 (Q4 2025) and 3.84 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 44.95 Bn | 30.63 Bn | - |
| 2 | Orix | 41.97 Bn | 42.47 Bn | - |
| 3 | Royalty Pharma | 33.14 Bn | 33.05 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.99 Bn | 24.99 Bn | - |
| 5 | Affirm Holdings | 23.75 Bn | 17.44 Bn | - |
| 6 | Synchrony Financial | 23.25 Bn | -44.72 Bn | - |
| 7 | Royal Gold | 19.67 Bn | 18.90 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.04 Bn | 5.13 Bn | - |
| 9 | Ares Capital | 13.76 Bn | 11.19 Bn | - |
| 10 | Nuveen Churchill Direct Lending | 552.15 Mn | 552.15 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.42 |
| Mar 31, 2026 | 3.32 |
| Dec 31, 2025 | 3.39 |
| Sep 30, 2025 | 3.84 |
| Jun 30, 2025 | 8.18 |
API Access
Nuveen Churchill Direct Lending Price to FCF 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=price-to-fcf&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "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=price-to-fcf&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();