Nuveen Churchill Direct Lending Corp.
NCDL
Rank in Stocks
#11259
Nuveen Churchill Direct Lending Corp. (NCDL), initially formed as a Delaware... Nuveen Churchill Direct Lending Corp. (NCDL), initially formed as a Delaware limited liability company on March 13, 2018, and subsequently restructured into a Maryland corporation on June 18, 2019, prior to commencing its business activities, operates as a closed-end, externally managed, non-diversified investment company. It has chosen to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940, as amended. The firm's principal investment goal is to generate appealing risk-adjusted returns, primarily through current income. This is achieved by predominantly investing in senior secured loans provided to private equity-backed U.S. middle market companies, which NCDL identifies as enterprises with annual earnings before interest, taxes, depreciation, and amortization (EBITDA) generally ranging from $10.0 million to $100.0 million. Its portfolio will largely comprise what it refers to as "Senior Loans," primarily consisting of privately originated first-lien senior secured debt and unitranche loans (excluding "last-out" positions) to these performing U.S. middle market businesses. Additionally, the company selectively pursues "Junior Capital Investments," which include instruments such as second-lien loans, subordinated debt, last-out unitranche loan positions, and various equity-related securities.
Share Price
$11.92
Last synced: 2026-11-09
Market Cap
$585.38M
Change (1 day)
0.93%
Change (1 year)
-17.96%
Country
Stock data: Financial Modeling PrepΒ·Updated Β·Not investment adviceΒ·How we calculate this
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Category
Financial Services
Operating Margin for Nuveen Churchill Direct Lending Corp. (NCDL)
Operating Margin as of November 2026 TTM: 45.71%
According to Nuveen Churchill Direct Lending Corp.'s latest financial reports, its current operating margin (TTM) is 45.71%. At the end of 2025 the company had an operating margin of 71.18%.
Operating Margin history for Nuveen Churchill Direct Lending Corp. from 2018 to 2026
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2026 (TTM) | 45.71% | -35.78% |
| 2025 | 71.18% | 13.67% |
| 2024 | 62.62% | 17.46% |
| 2023 | 53.31% | 44.16% |
| 2022 | 36.98% | -46.76% |
| 2021 | 69.46% | 182.13% |
| 2020 | 24.62% | -77.33% |
| 2019 | 108.59% | 61.45% |
| 2018 | 67.26% | 0.00% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin Difference | Country |
|---|---|---|---|
| 30.75% | -99.33% |
US
|
|
| 86.97% | -98.10% |
SE
|
|
| 52.04% | -98.86% |
US
|
|
| 7.84% | -99.83% |
US
|
|
| 66.24% | -98.55% |
US
|
What is a company's Operating Margin?
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.
Questions about Nuveen Churchill Direct Lending Corp.'s operating margin
What is Nuveen Churchill Direct Lending Corp.'s operating margin?
Nuveen Churchill Direct Lending Corp.'s operating margin is 45.71%, as of Nov 2026.
What was Nuveen Churchill Direct Lending Corp.'s operating margin in 2025?
In 2025, Nuveen Churchill Direct Lending Corp.'s operating margin was 71.18%, compared with 62.62% in 2024.
How has Nuveen Churchill Direct Lending Corp.'s operating margin changed since 2020?
From 2020 to 2025, Nuveen Churchill Direct Lending Corp.'s operating margin was highest in 2025 (71.18%) and lowest in 2020 (24.62%).
How does Nuveen Churchill Direct Lending Corp.'s operating margin compare with similar companies?
Nuveen Churchill Direct Lending Corp.'s operating margin (45.71%) is higher than that of 2 of the 5 similar companies listed above. The highest among them is Investor AB (publ), with 86.97%.