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.
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Nuveen Churchill Direct Lending Corp. (NCDL) P/E ratio
As of 16 October 2026, Nuveen Churchill Direct Lending Corp. (NCDL) trades at a P/E ratio of 11.2×. Over the past ten years it has ranged from 7.2× (December 2024) to 13.7× (July 2026); the current reading is higher than 86% of that period. That is below the Asset Management industry median of 14.0× and below the Financial sector median of 12.4×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 10.2× | 30.48% |
| FY2024 | 7.8× | (2.99%) |
| FY2023 | 8.0× | 0.00% |
| FY2022 | 8.0× | 0.00% |
| FY2021 | 8.0× | 0.00% |
| FY2020 | 8.0× | 0.00% |
| FY2019 | 8.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 13.1× | 23.34% |
| Mar 2026 | 10.6× | 4.09% |
| Dec 2025 | 10.2× | 12.90% |
| Sep 2025 | 9.0× | 1.39% |
| 26 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| OIO ESGL Holdings Limited compare | n/m |
| NMFC New Mountain Finance Corporation compare | n/m |
| GAIN Gladstone Investment Corporation compare | 3.6× |
| NOAH Noah Holdings Ltd. compare | 5.8× |
| SLRC SLR Investment Corp. compare | 8.4× |
| GLAD Gladstone Capital Corporation compare | 8.8× |
| NCDL Nuveen Churchill Direct Lending Corp. | 11.2× |
| PFLT PennantPark Floating Rate Capital Ltd. compare | 12.8× |
| ACGP Associated Capital Group, Inc. compare | 14.8× |
| Asset Management industry median | 14.0× |
| Financial sector median | 12.4× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)