Nuveen Churchill Direct Lending (NCDL) Price to FCF (2025 - 2026)
Nuveen Churchill Direct Lending's (NCDL) Price to FCF was 3.98 for Q3 2026, up 3.8% from 3.84 a year earlier but down 26.5% 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 Q3 2026 came in at 5.42 (Q2 2026), 3.32 (Q1 2026) and 3.39 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - |
| 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 | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn |
| 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 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.98 |
| 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();