Nuveen Churchill Direct Lending Corp.

NCDL

Nuveen Churchill Direct Lending Corp.

NCDL

Insider Sentiment (TTM):

Last Purchase:2026-05-15Last Sale:-Shares Purchased (TTM):95,829Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:14,549,978Shares Outstanding:49,387,065Institutional Ownership Pct.:29.46%

Earnings Market Reaction:

Filing Date:2026-08-06Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Investment Unaffiliated Issuer	-	2,022	2,001	-21	-89	2,108	2,099	52	208	1,815	1,666	119
Investment Owned At Cost	-	-	-	-	-	-	-	-	-	-	-	1,544
Assets
Investment Owned Balance
Investment Owned At Fair Value	-	-	-	-	-	-	-	-	-	-	-	1,515
Cash And Cash Equivalents At Carrying Value	-	-	-	-	44	49	43	69	71	64	67	36
Cash	5	15	9	4	3	2	2	7	-	-	-	-
Cash Equivalents At Carrying Value	41	35	54	42	41	47	41	62	-	-	-	-
Interest Receivable	13	14	14	16	17	21	18	18	18	16	18	16
Other Receivables	-	-	-	-	-	-	-	-	-	-	0	1
Restricted Cash	-	0	0	0	0	0	0	0	0	0	0	0
Derivative Assets	9	8	15	11	19	8	0	-	-	-	-	-
Prepaid Expense Current And Noncurrent	-	-	-	-	-	-	0	0	0	0	0	0
Receivable Investment Sale	1	0	1	1	1	17	1	6	3	0	4	5
Other Assets	0	0	0	0	1	0	0	0	0	0	0	-
Assets	1,988	2,049	2,054	2,042	2,074	2,173	2,144	2,140	2,083	1,875	1,731	1,539
Liabilities
Secured Debt	1,089	1,138	1,115	1,106	1,115	1,200	1,108	1,094	1,021	817	944	860
Payable Investment Purchase	-	-	0	0	0	7	15	3	18	17	0	0
Interest Payable Current And Noncurrent	14	8	15	11	20	10	13	15	21	11	10	13
Accounts Payable Other Current And Noncurrent	-	-	-	-	-	-	0	0	0	0	1	1
Incentive Fee Payable	1	2	3	3	3	-	0	-	-	-	-	-
Management Fee Payable	5	5	5	5	5	4	4	4	4	3	3	3
Due To Correspondent Brokers	9	7	15	10	19	-	0	-	-	-	-	-
Distribution Payable	19	20	22	22	22	28	29	30	30	25	23	20
Accounts Payable And Accrued Liabilities Current A…	2	5	4	3	3	4	4	3	3	4	3	4
Liabilities	1,139	1,185	1,179	1,161	1,187	1,253	1,173	1,150	1,097	877	983	900
Stockholders Equity
Common Stock Value	0	0	0	0	0	1	1	1	1	1	0	0
Additional Paid In Capital	930	930	930	931	933	959	996	1,017	1,020	1,022	777	674
Retained Earnings Accumulated Deficit	-82	-67	-56	-50	-46	-40	-27	-27	-34	-24	-29	-35
Stockholders Equity	849	864	875	881	888	920	970	991	986	998	748	639
Liabilities And Stockholders Equity	1,988	2,049	2,054	2,042	2,074	2,173	2,144	2,140	2,083	1,875	1,731	1,539
Net Asset Value Per Share	17.19	17.5	17.72	17.85	17.92	17.96	18.18	18.15	18.03	18.21	18.13	17.96
Deferred Finance Costs Net	-	9	9	9	10	10	7	8	8	8	8	6
Debt Instrument Unamortized Discount	0	0	0	0	1	1	0	-	-	-	-	-
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	500	500	500	500	500	500	500	500	500	500	500	500
Common Stock Shares Issued	49	49	49	49	50	51	53	55	55	55	41	36
Shares Outstanding	49	49	49	49	50	51	53	55	55	55	41	36

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10‑Q10‑K

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Interactive Financial Visualizations

10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-6.78%	-9.06%	-10.81%	-	-	-	-	-	-	-	-	-
2025	8.99%	9.99%	16.48%	-0.50%	-9.59%	-7.87%	3.28%	-3.97%	-2.98%	-2.40%	11.62%	2.58%
2024	1.14%	1.95%	3.06%	4.04%	4.27%	2.65%	1.88%	0.47%	3.64%	-0.98%	-10.58%	-6.34%
2023	-	-	-	-	-	-	-	-	-	6.81%	9.67%	6.23%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	1.66	1.79	1.84	1.98	2.14	2.21	2.46	2.50	2.42	2.43	2.24	-
Per Share Metrics
Diluted EPS TTM	0.95	1.20	1.30	1.60	1.94	1.94	2.15	2.11	1.81	1.77	2.27	-
Free Cash Flow Per Share TTM	2.39	3.83	3.86	3.77	2.13	-3.99	-5.49	-8.12	-9.42	-8.07	-11.07	-
Dividend Per Share TTM	2.00	1.97	2.08	1.64	1.70	2.02	1.76	1.54	1.32	1.33	1.89	-
Growth Metrics
Net Income Growth (1Y)	-51.76%	-41.49%	-43.59%	-31.56%	-2.03%	8.66%	53.18%	-	-	-	-	-
EPS Growth (1Y)	-50.98%	-38.15%	-39.29%	-24.24%	6.96%	9.80%	-5.50%	-	-	-	-	-
Valuation Metrics
P/E TTM	13.09	10.29	9.62	7.84	7.37	7.50	6.48	6.62	7.49	7.71	-	-
P/B TTM	0.72	0.71	0.72	0.70	0.81	0.83	0.78	0.77	0.75	0.72	-	-
Market Cap	613.39M	609.84M	631.02M	620.45M	716.13M	759.98M	753.86M	765.31M	742.15M	718.90M	-	-
Enterprise Value	567.63M	559.44M	568.54M	574.12M	672.12M	710.80M	710.55M	695.95M	671.12M	654.75M	-	-
Calculated Values
Free Cash Flow TTM	118.03M	189.23M	194.16M	186.38M	106.87M	-208.45M	-297.20M	-443.89M	-515.95M	-426.02M	-369.53M	-
Net Debt	-45.76M	-50.40M	-62.48M	-46.33M	-44.01M	-49.18M	-43.30M	-69.35M	-71.04M	-64.15M	-67.40M	-35.97M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-05-15Purchase

Owner: Mccally, John

Title: Vice President & Secretary

Shares: 7,500

Price/Share: $13.27

Value: $99,525.00

Shares Owned: 15,245

Relationship: Officer

Ownership: Direct

2026-05-14Purchase

Owner: Vichness, Shaul

Title: Chief Financial Off./Treasurer

Shares: 5,000

Price/Share: $13.20

Value: $66,000.00

Shares Owned: 30,705

Relationship: Officer

Ownership: Indirect

2026-05-12Purchase

Owner: Hassen, Marissa

Title: Chief Accounting Officer

Shares: 3,782

Price/Share: $13.21

Value: $49,960.22

Shares Owned: 9,780

Relationship: Officer

Ownership: Direct

2026-03-12Purchase

Owner: Vichness, Shaul

Title: Chief Financial Off./Treasurer

Shares: 5,000

Price/Share: $13.13

Value: $65,650.00

Shares Owned: 25,000

Relationship: Officer

Ownership: Indirect

2026-03-10Purchase

Owner: Ritchie, James Joseph

Title: -

Shares: 17,857

Price/Share: $13.71

Value: $244,819.47

Shares Owned: 78,193

Relationship: Director

Ownership: Indirect

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-05-15	Mccally, John	Officer	Vice President & Secretary	Direct	Purchase	7,500	13.27	$99,525.00	15,245	4
2026-05-14	Vichness, Shaul	Officer	Chief Financial Off./Treasurer	Indirect	Purchase	5,000	13.20	$66,000.00	30,705	4
2026-05-12	Hassen, Marissa	Officer	Chief Accounting Officer	Direct	Purchase	3,782	13.21	$49,960.22	9,780	4
2026-03-12	Vichness, Shaul	Officer	Chief Financial Off./Treasurer	Indirect	Purchase	5,000	13.13	$65,650.00	25,000	4
2026-03-10	Ritchie, James Joseph	Director	-	Indirect	Purchase	17,857	13.71	$244,819.47	78,193	4
2026-03-06	Linett, Mat	Other	-	Direct	Purchase	2,000	13.05	$26,100.00	10,365	4
2026-03-05	Mccally, John	Officer	Vice President & Secretary	Direct	Purchase	2,000	13.30	$26,600.00	7,430	4
2026-03-04	Strife, Jason	Other	-	Indirect	Purchase	7,690	13.40	$103,046.00	15,737	4
2026-03-03	Kencel, Kenneth J.	Director,Officer	CEO & President	Indirect	Purchase	10,000	13.04	$130,400.00	38,117	4
2026-03-03	Miranda, Kenneth M.	Director	-	Indirect	Purchase	3,000	12.83	$38,490.00	30,000	4
2025-11-19	Miranda, Kenneth M.	Director	-	Indirect	Purchase	2,000	14.10	$28,200.00	27,000	4
2025-11-17	Vichness, Shaul	Officer	Chief Financial Off./Treasurer	Indirect	Purchase	5,000	14.20	$71,000.00	20,000	4
2025-11-06	Kencel, Kenneth J.	Director,Officer	CEO & President	Indirect	Purchase	20,000	14.22	$284,400.00	48,117	4
2025-09-16	Vichness, Shaul	Officer	Chief Financial Off./Treasurer	Indirect	Purchase	5,000	14.85	$74,250.00	15,000	4
2025-06-16	Vichness, Shaul	Officer	Chief Financial Off./Treasurer	Indirect	Purchase	5,000	16.30	$81,500.00	10,000	4
2025-06-06	Hassen, Marissa	Officer	Chief Accounting Officer	Direct	Purchase	4,630	16.18	$74,913.40	5,998	4
2025-05-23	Miranda, Kenneth M.	Director	-	Indirect	Purchase	3,103	15.68	$48,655.04	3,103	4
2025-05-21	Linett, Mat	Other	-	Direct	Purchase	3,000	15.92	$47,760.00	8,365	4
2025-05-12	Kencel, Kenneth J.	Director,Officer	CEO & President	Indirect	Purchase	16,234	15.34	$249,029.56	28,117	4
2024-12-03	Vichness, Shaul	Officer	Chief Financial Off./Treasurer	Indirect	Purchase	5,000	17.27	$86,350.00	5,000	4
2024-12-02	Kencel, Kenneth J.	Director,Officer	CEO & President	Indirect	Purchase	20,000	17.37	$347,400.00	20,000	4
2024-11-27	Kencel, Kenneth J.	Director,Officer	CEO & President	Indirect	Purchase	20,000	17.35	$347,000.00	10,000	4
2024-01-29	Teachers, Insurance & Ann…	TenPercentOwner	-	Direct	Purchase	1,662,050	18.05	$30,000,002.50	6,810,466	4
2024-01-05	Linett, Mat	Other	-	Direct	Purchase	870	18.05	$15,703.50	5,365	4
2024-01-05	Miranda, Kenneth M.	Director	-	Direct	Purchase	3,481	18.05	$62,832.05	21,897	4
2024-01-05	Vichness, Shaul	Officer	Chief Financial Off./Treasurer	Direct	Purchase	2,176	18.05	$39,276.80	13,675	4
2024-01-05	Short, Marissa	Officer	Controller	Direct	Purchase	218	18.05	$3,934.90	1,368	4
2024-01-05	Kencel, Kenneth J.	Director,Officer	CEO & President	Indirect	Purchase	4,351	18.05	$78,535.55	26,824	4
2024-01-05	Ritchie, James Joseph	Director	-	Indirect	Purchase	8,703	18.05	$157,089.15	60,336	4
2024-01-05	Potter, Stephen N	Director	-	Indirect	Purchase	4,351	18.05	$78,535.55	26,824	4
2024-01-05	Strife, Jason	Other	-	Indirect	Purchase	1,305	18.05	$23,555.25	8,047	4
2024-01-05	Mccally, John	Officer	Chief Compliance Officer	Indirect	Purchase	870	18.05	$15,703.50	5,430	4
2024-01-05	Kirchheimer, David M	Director	-	Indirect	Purchase	13,054	18.05	$235,624.70	94,063	4
2024-01-05	Teachers, Insurance & Ann…	TenPercentOwner	-	Direct	Purchase	870,267	18.05	$15,708,319.35	5,148,416	4
2024-01-05	Schwimmer, Durant D.	Other	-	Direct	Purchase	870	18.05	$15,703.50	5,365	4
2024-01-05	Aggarwal, Reena	Director	-	Indirect	Purchase	1,741	18.05	$31,425.05	10,729	4
2024-01-05	Miranda, Kenneth M.	Director	-	Direct	Purchase	3,481	18.05	$62,832.05	21,897	4/A
2024-01-05	Perry, Michael A	Director	-	Indirect	Purchase	3,046	18.05	$54,980.30	18,778	4
2023-11-03	Miranda, Kenneth M.	Director	-	Direct	Purchase	2,426	18.19	$44,128.94	18,416	4
2023-11-03	Kirchheimer, David M	Director	-	Indirect	Purchase	9,098	18.19	$165,492.62	81,009	4
2023-11-03	Perry, Michael A	Director	-	Indirect	Purchase	2,123	18.19	$38,617.37	15,732	4
2023-11-03	Linett, Mat	Other	-	Direct	Purchase	607	18.19	$11,041.33	4,495	4
2023-11-03	Kencel, Kenneth J.	Director,Officer	CEO & President	Indirect	Purchase	3,033	18.19	$55,170.27	22,473	4
2023-11-03	Short, Marissa	Officer	Controller	Direct	Purchase	152	18.19	$2,764.88	1,150	4
2023-11-03	Ritchie, James Joseph	Director	-	Indirect	Purchase	6,065	18.19	$110,322.35	51,633	4
2023-11-03	Mccally, John	Officer	Chief Compliance Officer	Indirect	Purchase	607	18.19	$11,041.33	4,560	4
2023-11-03	Vichness, Shaul	Officer	Chief Financial Off./Treasurer	Direct	Purchase	1,516	18.19	$27,576.04	11,499	4
2023-11-03	Teachers, Insurance & Ann…	TenPercentOwner	-	Direct	Purchase	606,518	18.19	$11,032,562.42	4,278,149	4
2023-11-03	Schwimmer, Durant D.	Other	-	Direct	Purchase	607	18.19	$11,041.33	4,495	4
2023-11-03	Aggarwal, Reena	Director	-	Indirect	Purchase	1,213	18.19	$22,064.47	8,988	4
2023-11-03	Potter, Stephen N	Director	-	Indirect	Purchase	3,033	18.19	$55,170.27	22,473	4
2023-11-03	Strife, Jason	Other	-	Indirect	Purchase	910	18.19	$16,552.90	6,742	4
2023-07-17	Short, Marissa	Officer	Controller	Direct	Purchase	609	18.03	$10,980.27	998	4
2023-07-17	Vichness, Shaul	Officer	Chief Financial Off./Treasurer	Direct	Purchase	6,095	18.03	$109,892.85	9,983	4
2023-07-17	Mccally, John	Officer	Chief Compliance Officer	Indirect	Purchase	972	18.03	$17,525.16	3,953	4
2023-07-17	Miranda, Kenneth M.	Director	-	Direct	Purchase	10,158	18.03	$183,148.74	15,990	4
2023-07-17	Kirchheimer, David M	Director	-	Indirect	Purchase	20,316	18.03	$366,297.48	59,194	4
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Institutional Ownership

No data available for chart

2026-03-31

29.46%

Inst. Shares: 14,549,978

Shares Outstanding: 49,387,065

2025-12-31

28.46%

Inst. Shares: 14,312,954

Shares Outstanding: 50,286,270

2025-09-30

25.86%

Inst. Shares: 12,775,185

Shares Outstanding: 49,403,696

2025-06-30

25.84%

Inst. Shares: 12,965,500

Shares Outstanding: 50,183,714

2025-03-31

27.62%

Inst. Shares: 14,418,690

Shares Outstanding: 52,211,340

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	14,549,978	49,387,065	29.46%
2025-12-31	14,312,954	50,286,270	28.46%
2025-09-30	12,775,185	49,403,696	25.86%
2025-06-30	12,965,500	50,183,714	25.84%
2025-03-31	14,418,690	52,211,340	27.62%
2024-12-31	15,747,541	54,118,379	29.10%
2024-09-30	11,732,363	54,688,860	21.45%
2024-06-30	4,472,739	54,789,044	8.16%
2024-03-31	2,717,815	52,758,353	5.15%
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Nuveen Churchill Direct Lending Corp. (NCDL) — SEC Financial Statements & Analysis

Nuveen Churchill Direct Lending Corp. (NCDL) is a not available company, incorporated in MD. Nuveen Churchill Direct Lending Corp. trades on NYSE as: NCDL. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Nuveen Churchill Direct Lending Corp. reported a Price-to-Book (P/B) ratio of 0.72x (TTM), at a market cap of $613.39M. Figures below are sourced from SEC EDGAR, as-filed.

P/B TTM: 0.72x
Market Cap: $613.39M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Nuveen Churchill Direct Lending Corp. in?

Nuveen Churchill Direct Lending Corp. (NCDL) operates in the Not Available industry.

What is NCDL's market cap?

Nuveen Churchill Direct Lending Corp. (NCDL) has a market capitalization of $613.39M as of 2026-06-30.

What is NCDL's P/E ratio?

Nuveen Churchill Direct Lending Corp. (NCDL)'s trailing twelve month P/E ratio is 13.09x as of 2026-06-30.

What exchange does NCDL trade on?

Nuveen Churchill Direct Lending Corp. (NCDL) trades on the NYSE.

Where is Nuveen Churchill Direct Lending Corp. incorporated?

Nuveen Churchill Direct Lending Corp. is incorporated in MD.