Saturday 17 October 2026
Export NCDL’s income statement to Excel — free account
Nuveen Churchill Direct Lending Corp.
NCDL Financial Asset Management
Nuveen Churchill Direct Lending Corp.’s revenue for fiscal 2025 (year ended December 2025) was $207.9 million, down 7.22% from fiscal 2024. In the quarter to June 2026, revenue fell 16.6%, EPS fell 78.1%, free cash flow fell 55.5% and total debt was flat, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.
10.62
0.24
−2.21%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | |
|---|---|---|---|---|---|---|---|
P/E ratio |
10.18 | 7.80 | 8.05 | 8.05 | 8.05 | 8.05 | 8.05 |
Piotroski F-Score |
6 | 4 | 5 | 4 | 4 | — | — |
P/S ratio |
3.23 | 4.05 | 3.68 | 3.68 | 3.68 | 3.68 | 3.68 |
P/FCF ratio |
3.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
23.48 | 75.76 | (4.42) | (4.42) | (4.42) | (4.42) | (4.42) |
P/B ratio |
0.77 | 0.94 | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 |
Price to Tangible BV |
0.77 | 0.94 | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 |
EV/Sales |
8.29 | 8.81 | 9.10 | 9.10 | 9.10 | 9.10 | 9.10 |
EV/EBITDA |
8.95 | 10.07 | 10.23 | 10.23 | 10.23 | 10.23 | 10.23 |
EV/Operating CF |
8.88 | (6.64) | (3.98) | (3.98) | (3.98) | (3.98) | (3.98) |
EV/FCF |
8.88 | (6.64) | (3.98) | (3.98) | (3.98) | (3.98) | (3.98) |
Quick Ratio |
1.55 | 0.96 | 2.28 | 1.79 | 1.12 | 2.07 | 2.08 |
Current Ratio |
1.85 | 0.96 | 2.28 | 1.83 | 1.18 | 2.40 | 2.52 |
Net Debt/EBITDA |
5.46 | 5.43 | 6.09 | 6.69 | 15.66 | 13.37 | 8.82 |
Debt/Assets |
54.27% | 51.70% | 54.54% | 55.81% | 49.50% | 53.27% | 62.83% |
Debt/Equity |
1.27 | 1.14 | 1.26 | 1.33 | 1.09 | 1.19 | 1.79 |
Asset Turnover |
0.10 | 0.12 | 0.11 | 0.08 | 0.06 | 0.05 | 0.00 |
Operating CF/Net income |
2.96 | (2.55) | (4.87) | (24.75) | (14.27) | (70.93) | (2.47) |
Capex/Depreciation |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Interest Coverage |
2.20 | 2.54 | 2.37 | 2.77 | 3.06 | 2.16 | 1.95 |
| 7.11% | 13.54% | 11.93% | 3.85% | 10.26% | 1.92% | 0.00% | |
| 3.13% | 6.00% | 5.09% | 1.67% | 4.64% | 0.79% | 0.00% | |
ROIC |
5.56% | 6.23% | 5.59% | 3.75% | 2.52% | 1.82% | 4.54% |
Return on Tangible Assets |
155.46% | (4,088.68%) | 151.85% | 70.98% | 368.31% | 20.37% | 125.86% |
Average Days of Receivables |
25.02 | 30.95 | 48.72 | 57.88 | 100.13 | 81.60 | 104.81 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
18.61% | 17.26% | 10.32% | 13.89% | 18.55% | 30.26% | 25.49% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(1.62) | (1.22) | (1.50) | (1.50) | (1.50) | (1.50) | (1.50) |
Graham Number |
22.65 | 29.45 | 33.44 | 19.41 | 37.28 | 17.57 | 25.62 |
Earnings Yield |
9.82% | 12.81% | 12.43% | 12.43% | 12.43% | 12.43% | 12.43% |
Free Cash Flow Yield |
28.94% | (32.73%) | (62.01%) | (62.01%) | (62.01%) | (62.01%) | (62.01%) |
Revenue per Share |
4.13 | 4.14 | 4.85 | 3.54 | 2.82 | 2.68 | 3.79 |
Operating CF per Share |
3.86 | (5.49) | (11.07) | (18.38) | (30.28) | (30.64) | (4.42) |
Capex per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Free Cash Flow per Share |
3.86 | (5.49) | (11.07) | (18.38) | (30.28) | (30.64) | (4.42) |
Cash per Share |
1.24 | 0.80 | 2.02 | 1.69 | 2.74 | 2.55 | 0.85 |
Shareholders Equity per Share |
17.40 | 17.93 | 22.40 | 22.55 | 29.11 | 31.75 | 16.29 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
17.40 | 17.93 | 22.40 | 22.55 | 29.11 | 31.75 | 16.29 |
Free Cash Flow |
194.16 | (297.20) | (369.52) | (427.84) | (389.12) | (152.14) | (17.96) |
Working Capital |
42.21 | (2.84) | 50.01 | 24.35 | 7.40 | 10.53 | 5.79 |
Net Current Asset Value |
(1,087.60) | (1,111.11) | (893.93) | (675.42) | (398.96) | (177.75) | (112.57) |
EV/EBIT |
10.05 | 9.73 | 10.14 | 10.14 | 10.14 | 10.14 | 10.14 |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
3.91 | 4.48 | 4.10 | 4.10 | 4.10 | 4.10 | 4.10 |
| Other line items | |||||||
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cash ROIC |
9.46% | (14.01%) | (21.00%) | (33.85%) | (47.71%) | (42.43%) | (9.55%) |
Accounts Receivable Turnover |
12.51 | 11.04 | 9.33 | 7.16 | 5.61 | 3.60 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
16.62 | 20.29 | 17.33 | 11.52 | 6.46 | 3.70 | — |
Average Payables |
51.27 | 48.18 | 30.54 | 31.08 | 20.45 | 3.13 | — |
Average Assets |
2,099.10 | 1,937.29 | 1,492.41 | 1,037.44 | 587.19 | 270.91 | — |
Average Common Equity |
922.75 | 859.10 | 636.42 | 449.50 | 265.85 | 111.93 | — |
Columns are period end dates