NCDL
Nuveen Churchill Direct Lending Corp.
NYSE: NCDL · FINANCIAL SERVICES · ASSET MANAGEMENT
$14.13
-1.60% today
Updated 2026-04-29
Market cap
$697.84M
P/E ratio
10.87
P/S ratio
9.27x
EPS (TTM)
$1.30
Dividend yield
—
52W range
$12 – $15
Volume
0.3M
Nuveen Churchill Direct Lending Corp. (NCDL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.58M | $15.89M | $8.71M | $39.25M | $46.81M | $144.01M | $186.00M | $201.84M |
| Revenue growth (YoY) | — | +246.6% | -45.2% | +350.6% | +19.3% | +207.6% | +29.2% | +8.5% |
| Cost of revenue | $502000.00 | $1.96M | $4.49M | $9.83M | $23.42M | $57.98M | $74.58M | $30.54M |
| Gross profit | $4.08M | $13.93M | $4.22M | $29.43M | $23.39M | $86.03M | $111.42M | $171.31M |
| Gross margin | 89.0% | 87.7% | 48.5% | 75.0% | 50.0% | 59.7% | 59.9% | 84.9% |
| R&D | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | — | — | $2.50M | $2.68M | $3.99M | $6.19M | $6.54M | $7.61M |
| Operating income | $3.08M | $17.25M | $2.15M | $27.27M | $17.31M | $76.77M | $116.48M | $143.66M |
| Operating margin | 67.3% | 108.6% | 24.6% | 69.5% | 37.0% | 53.3% | 62.6% | 71.2% |
| EBITDA | $4.03M | $19.11M | $2.15M | $27.27M | $17.31M | $76.77M | $116.48M | $143.66M |
| EBITDA margin | 87.9% | 120.3% | 24.6% | 69.5% | 37.0% | 53.3% | 62.6% | 71.2% |
| EBIT | $3.08M | $17.25M | $-450000.00 | $37.08M | $3.77M | $179.70M | $202.82M | — |
| Interest expense | — | — | $4.49M | $9.83M | $25.70M | $61.21M | $79.88M | $77.90M |
| Income tax | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.44M | $7.29M | $2.15M | $27.27M | $17.29M | $75.94M | $116.32M | $65.61M |
| Net income growth (YoY) | — | +407.7% | -70.6% | +1171.1% | -36.6% | +339.3% | +53.2% | -43.6% |
| Profit margin | 31.3% | 45.9% | 24.6% | 69.5% | 36.9% | 52.7% | 62.5% | 32.5% |