NCDL Nuveen Churchill Direct Lending Corp. Common Stock
$12.57
Price · Jul 2, 2026
Fundamentals as of May 7, 2026
52W Range
$12–$17
11% of range
Analyst Rating
BUY
12 analysts
Price Target
$14
+14% upside
P/E (TTM)
7.2
ROE
7.4%
Net Profit Margin
—
NCDL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$12.56
Market Cap
$659M
P/E (TTM)
7.2
EPS (TTM)
$1.86
Revenue (TTM)
—
Div Yield
15.5%
ROE
7.4%
Debt/Equity
—
52W Range
$12 – $17
NCDL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
$1.86
2021-12-31
→
2025-12-31
Free Cash Flow
—
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
NCDL
Peer Median
P/E (TTM)
7.2
9.0
P/B
0.8
1.0
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
NCDL
Peer Median
ROA
3.1%
3.6%
ROE
7.4%
9.9%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
NCDL
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
NCDL
Peer Median
EPS YoY
-17.7%
—
Net Income YoY
-43.6%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
NCDL
Peer Median
Payout Ratio
155.8%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
15.5%
Payout Ratio
155.8%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $0.3800 |
| March 31, 2026 | $0.4000 |
| Dec. 31, 2025 | $0.4500 |
| Sept. 30, 2025 | $0.4500 |
| June 30, 2025 | $0.4500 |
| March 31, 2025 | $0.4500 |
| Feb. 12, 2025 | $0.1000 |
| Dec. 31, 2024 | $0.4500 |
| Nov. 8, 2024 | $0.1000 |
| Sept. 30, 2024 | $0.4500 |
| Aug. 12, 2024 | $0.1000 |
| June 28, 2024 | $0.4500 |
| May 10, 2024 | $0.1000 |
| March 27, 2024 | $0.4500 |
NCDL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
12 analysts
- Strong Buy 3 25.0%
- Buy 5 41.7%
- Hold 4 33.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
5 analysts · 2026-07-01
Median
$14.75
Mean
$14.35
Now
$12.56
Low
$12.00
High
$16.00
Median target
$14.75
+17.4%
Mean target
$14.35
+14.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.02%
Next Report
Aug 04, 2026
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $0.41 | $0.43 | -0.02% |
| Dec. 31, 2025 | $0.44 | $0.44 | 0.00% |
| Sept. 30, 2025 | $0.43 | $0.46 | -0.03% |
| June 30, 2025 | $0.46 | $0.47 | -0.01% |
| March 31, 2025 | $0.53 | $0.57 | -0.04% |
Peer Comparison Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NCDL | $659M | 7.2 | — | — | 7.4% | — |
| FDUS | $733M | 9.3 | — | — | 11.5% | — |
| SLRC | $843M | 9.1 | — | — | — | — |
| NMFC | $945M | 57.6 | — | — | 1.3% | — |
| CCAP | $519M | 7.8 | — | — | 4.8% | — |
| GAIN | — | — | — | — | — | — |
| ALTI | — | -3.2 | 28.5% | -46.9% | -19.0% | — |
| MSIF | $612M | 9.9 | — | — | 12.1% | — |
| GLAD | $494M | 10.6 | — | — | 11.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Income Tax | $823.0K | · | · | · | · | |
| Net Income | $66M | $116M | $76M | $17M | $27M | |
| EPS (Basic) | $1.86 | $2.26 | $2.52 | $1.95 | $1.58 | |
| EPS (Diluted) | $1.86 | $2.26 | $2.52 | $1.95 | $1.58 | |
| Shares (Basic) | 50,286,270 | 54,118,379 | 33,385,880 | 23,279,341 | 12,849,333,000 | |
| Shares (Diluted) | 50,286,270 | 54,118,379 | 33,385,880 | 23,279,341 | 12,849,333,000 |
Balance Sheet 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $9M | $2M | $3M | $39M | $35M | |
| Total Assets | $2.05B | $2.14B | $1.73B | $1.25B | · | |
| Total Liabilities | $1.18B | $1.17B | $983M | $729M | · | |
| Long-term Debt | $1.11B | $1.11B | $952M | $705M | · | |
| Common Stock | $494.0K | $534.0K | $412.0K | $287.0K | · | |
| Paid-in Capital | $930M | $996M | $777M | $549M | · | |
| Retained Earnings | $-56M | $-26M | $-29M | $-24M | · | |
| Stockholders' Equity | $875M | $970M | $748M | $525M | $374M | |
| Liabilities + Equity | $2.05B | $2.14B | $1.73B | $1.25B | · | |
| Shares Outstanding | 49,387,065 | 53,387,277 | 41,242,105 | 28,650,548 | 19,293,813 |
Cash Flow 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Deferred Tax | $149.0K | · | · | · | · | |
| Operating Cash Flow | $194M | $-297M | $-370M | $-428M | $-389M | |
| Stock Issued | $0 | $242M | $219M | $175M | $209M | |
| Stock Repurchased | $66M | $34M | $0 | $0 | · | |
| Net Stock Activity | $-66M | $208M | $219M | · | · | |
| Dividends Paid | $102M | $95M | $63M | $35M | $15M | |
| Financing Cash Flow | $-175M | $273M | $398M | $432M | $412M | |
| Net Change in Cash | $19M | $-24M | $28M | $4M | $23M |
Profitability 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| ROA | 3.1% | 6.0% | 5.1% | · | · | |
| ROE | 7.4% | 11.9% | 10.9% | · | · |
Growth Rates 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| EPS YoY | -17.7% | -10.3% | 29.2% | 23.4% | · | |
| EPS CAGR 3Y | -1.6% | 12.7% | · | · | · | |
| Net Income YoY | -43.6% | 53.2% | 339.3% | -36.6% | · | |
| Net Income CAGR 3Y | 56.0% | 62.2% | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Net Income TTM | $66M | $116M | $76M | $17M | $27M | |
| Market Cap | $659M | $896M | · | · | · | |
| P/E | 7.2 | 7.4 | · | · | · | |
| P/B | 0.8 | 0.9 | · | · | · | |
| P / Tangible Book | 0.8 | 0.9 | · | · | · | |
| P / Cash Flow | 3.4 | -3.0 | · | · | · | |
| Dividend Yield | 15.5% | 10.6% | · | · | · | |
| Earnings Yield | 13.9% | 13.5% | · | · | · | |
| Payout Ratio | 155.8% | 81.9% | 83.2% | · | · | |
| Annual Payout | $102M | $95M | $63M | $35M | $15M |
Income Statement 5
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q4 2022 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $9M | $16M | $19M | $16M | $15M | $29M | $37M | $20M | $30M | $20M | $14M | $13M | $6M | $-3M | $7M | |
| EPS (Basic) | · | $0.44 | $0.43 | $0.46 | $0.53 | $0.55 | $0.58 | $0.57 | $0.56 | $0.62 | $0.61 | $0.62 | $0.51 | $0.44 | $0.44 | |
| EPS (Diluted) | · | $0.44 | $0.43 | $0.46 | $0.53 | $0.55 | $0.58 | $0.57 | $0.56 | $0.62 | $0.61 | $0.62 | $0.51 | $0.44 | $0.44 | |
| Shares (Basic) | 49,387,065 | -101,512,480 | 49,403,696 | 50,183,714 | 52,211,340 | -108,117,878 | 54,688,860 | 54,789,044 | 52,758,353 | 34,812,720 | 30,621,009 | 28,727,285,000 | 24,489,969,000 | 22,212,400,000 | 20,511,480,000 | |
| Shares (Diluted) | 49,387,065 | -101,512,480 | 49,403,696 | 50,183,714 | 52,211,340 | -108,117,878 | 54,688,860 | 54,789,044 | 52,758,353 | 34,812,720 | 30,621,009 | 28,727,285,000 | 24,489,969,000 | 22,212,400,000 | 20,511,480,000 |
Balance Sheet 10
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q4 2022 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $15M | $9M | $4M | $44M | $49M | $2M | $69M | $71M | $64M | $36M | $45M | $50M | · | · | · | |
| Total Assets | $2.05B | $2.05B | $2.04B | $2.07B | $2.17B | $2.14B | $2.14B | $2.08B | $1.88B | $1.54B | $1.41B | $1.32B | · | · | · | |
| Total Liabilities | $1.18B | $1.18B | $1.16B | $1.19B | $1.25B | $1.17B | $1.15B | $1.10B | $877M | $900M | $854M | $803M | · | · | · | |
| Long-term Debt | $1.14B | $1.11B | $1.10B | $1.11B | $1.20B | $1.11B | $1.10B | $1.03B | $826M | $867M | $825M | $769M | · | · | · | |
| Common Stock | $494.0K | $494.0K | $494.0K | $495.0K | $512.0K | $534.0K | $546.0K | $547.0K | $548.0K | $356.0K | $311.0K | $287.0K | · | · | · | |
| Paid-in Capital | $930M | $930M | $931M | $933M | $959M | $996M | $1.02B | $1.02B | $1.02B | $674M | $593M | $550M | · | · | · | |
| Retained Earnings | $-67M | $-56M | $-50M | $-46M | $-40M | $-26M | $-27M | $-34M | $-24M | $-35M | $-36M | $-33M | · | · | · | |
| Stockholders' Equity | $864M | $875M | $881M | $888M | $920M | $970M | $991M | $986M | $998M | $639M | $557M | $518M | · | · | · | |
| Liabilities + Equity | $2.05B | $2.05B | $2.04B | $2.07B | $2.17B | $2.14B | $2.14B | $2.08B | $1.88B | $1.54B | $1.41B | $1.32B | · | · | · | |
| Shares Outstanding | 49,387,065 | 49,387,065 | 49,387,065 | 49,548,098 | 51,217,252 | 53,387,277 | 54,571,650 | 54,705,779 | 54,815,740 | 35,585,951 | 31,099,618 | 28,743,877 | · | · | · |
Cash Flow 7
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q4 2022 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $-14M | $29M | $37M | $137M | $-9M | $12M | $-42M | $-169M | $-98M | $-114M | $-79M | $-41M | $-113M | $-157M | $-69M | |
| Stock Issued | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $242M | $79M | $40M | $473.0K | $50M | $35M | $30M | |
| Stock Repurchased | $0 | $0 | $3M | $26M | $37M | $22M | $6M | $5M | $0 | $0 | · | · | · | · | · | |
| Net Stock Activity | $0 | · | · | · | $-37M | · | · | · | $242M | · | · | $473.0K | · | · | · | |
| Dividends Paid | $22M | $22M | $22M | $28M | $29M | $28M | $27M | $21M | $19M | $15M | $19M | $13M | $9M | $8M | $7M | |
| Financing Cash Flow | $2M | $-12M | $-35M | $-142M | $15M | $-38M | $41M | $176M | $94M | $105M | $75M | $51M | $117M | $167M | $58M | |
| Net Change in Cash | $-12M | $16M | $2M | $-5M | $6M | $-26M | $-2M | $7M | $-3M | $-9M | $-4M | $10M | $5M | $10M | $-12M |
Profitability 2
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q4 2022 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | 0.41% | · | 0.89% | 0.77% | 0.74% | · | 2.0% | 1.2% | 1.9% | 2.6% | 2.0% | 1.9% | · | · | · | |
| ROE | 0.97% | · | 2.0% | 1.7% | 1.6% | · | 4.5% | 2.6% | 4.0% | 6.3% | 5.1% | 4.9% | · | · | · |
Valuation (TTM) 8
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q4 2022 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $58M | · | $86M | $88M | $102M | · | $107M | $85M | $77M | $53M | $30M | $23M | · | · | · | |
| Market Cap | $628M | · | $682M | $802M | $870M | · | $951M | $952M | $990M | · | · | · | · | · | · | |
| P/E | 6.4 | · | 6.9 | 7.6 | 7.6 | · | 7.5 | 7.4 | 7.5 | · | · | · | · | · | · | |
| P/B | 0.7 | · | 0.8 | 0.9 | 0.9 | · | 1.0 | 1.0 | 1.0 | · | · | · | · | · | · | |
| P / Tangible Book | 0.7 | · | 0.8 | 0.9 | 0.9 | · | 1.0 | 1.0 | 1.0 | · | · | · | · | · | · | |
| P / Cash Flow | -45.7 | · | · | · | -98.7 | · | · | · | -10.1 | · | · | · | · | · | · | |
| Earnings Yield | 15.7% | · | 14.5% | 13.2% | 13.2% | · | 13.4% | 13.6% | 13.3% | · | · | · | · | · | · | |
| Payout Ratio | 255.8% | · | · | · | 196.2% | · | · | · | 64.4% | · | · | 99.2% | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Net Income | $66M | $116M | $76M | $17M | $27M |
| Diluted EPS | $1.86 | $2.26 | $2.52 | $1.95 | $1.58 |
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