Financial Services
Nuveen Churchill Direct Lending Corp.(NCDL)
Live Price
Offline$12.23
-0.24% today
1Y Change
-22.88%
Window
Jun 25, 2025 → Jun 16, 2026
- Market Cap
- $730.00M
- Revenue Growth
- +8.5%
- EPS Growth
- -39.5%
- Dividend Yield
- 11.8%
Coverage: 245 bars · Jun 25, 2025 → Jun 16, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
Nuveen Churchill Direct Lending Corp. (NCDL) is a Financial Services stock with a market cap of $730.00M and listed on NYSE. The stock last traded around $12.23 and down 22.9% across the available one-year price window (Jun 25, 2025 → Jun 16, 2026). Baseline metrics include revenue growth of +8.5%, EPS growth of -39.5%, a dividend yield of 11.8%. What stands out right now is revenue +8.5%, EPS -39.5%, free cash flow -35.0% with operating margin 55.9% and ROIC 4.6%. The dividend matters to the case here, with a current yield around 11.8%. Valuation is more restrained than many high-expectation growth names at P/E 9.4 and price/sales 4.3. Overall, the current profile looks closer to a income-oriented value setup than a generic broad-market placeholder. Stock Foundry combines NCDL price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Financial Services peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Above sector median
+8.5% vs +3.4% peer median
Operating Margin
Above sector median
+55.9% vs +4.7% peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report is on the board
2026 was reported on May 7, 2026, but the surprise data is still limited.
The operating picture looks softer than before
Revenue is at +8.5% and EPS is at -39.5%, with operating margin around 55.9%.
Shareholder return is still part of the story
The stock is still offering a dividend yield around 11.8%, which matters if the thesis depends on income as much as growth.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged -2.1% over the next 5 trading days and finished higher after 1 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS Δ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 May 7, 2026 | — | -2.5% | -6.0% | -8.9% |
2026 Feb 26, 2026 | +2.3% | -3.7% | -0.4% | -1.8% |
2025 Nov 4, 2025 | -6.5% | -0.9% | +0.3% | +3.6% |
Benchmark Edge
NCDL vs SPY, QQQ, and Sector ETFs
Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.
NCDL
—
Normalized return
SPY
--
S&P 500
Excess Return
--
Relative to SPY
NCDL Max Drawdown
-27.80%
Trailing 1Y
SPY Max Drawdown
—
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for NCDL and SPY.
Company Overview
Nuveen Churchill Direct Lending Corp.
New York Stock Exchange
Nuveen Churchill Direct Lending Corp. (the Company) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations. The Company is a closed-end, externally managed, non-diversified management investment company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act). The Company's investment objective is to generate attractive risk-adjusted returns primarily through current income by investing primarily in senior secured loans to private equity-owned U.S. middle market companies, which the Company defines as companies with approximately $10.0 million to $100.0 million of earnings before interest, taxes, depreciation and amortization (EBITDA). The Company will focus on privately originated debt to performing U.S. middle market companies, with a portfolio expected to comprise primarily of first-lien senior secured debt and unitranche loans (other than last-out positions in unitranche loans) (collectively Senior Loans). The Company will also opportunistically invest in junior capital opportunities (second-lien loans, subordinated debt, last-out positions in unitranche loans and equity-related securities) (collectively Junior Capital Investments).
- Leadership
- Kenneth John Kencel
- IPO Date
- Jan 25, 2024
- Street Address
- 375 Park Avenue
- Mailing
- New York City, MD
- Region
- New York City, MD, US
- Reporting Currency
- USD
- Investor Line
- +1 212 699 2222
- Last Updated
- May 2, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- 9.4
- EV/EBITDA
- 12.8
- Price/Sales
- 4.3
- Price/Book
- 0.8
Growth
- Revenue
- +8.5%
- EPS
- -39.5%
- Free Cash Flow
- -35.0%
Profitability
- Gross Margin
- 101.7%
- Operating Margin
- 55.9%
- Net Margin
- 46.3%
- ROE
- 8.8%
- ROIC
- 4.6%
Balance Sheet
- Debt/Equity
- 1.27
- Current Ratio
- —
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.