Nuveen Churchill Direct Lending Corp. (NCDL) Earnings History
Annual and quarterly earnings data from 2018 to 2025
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NCDL EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NCDL Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 84.9% | 71.2% | 32.5% |
| 2024 | 59.9% | 62.6% | 62.5% |
| 2023 | 59.7% | 53.3% | 52.7% |
| 2022 | 50.0% | 37.0% | 36.9% |
| 2021 | 75.0% | 69.5% | 69.5% |
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Nuveen Churchill Direct Lending Corp. (NCDL) Earnings Overview
As of May 8, 2026, Nuveen Churchill Direct Lending Corp. (NCDL) reported trailing twelve-month net income of $51M, reflecting -39.5% year-over-year growth. The company earned $1.02 per diluted share over the past four quarters, with a net profit margin of 32.5%.
Looking at the long-term picture, NCDL's 5-year EPS compound annual growth rate (CAGR) stands at +24.8%, indicating exceptional earnings growth. The company achieved its highest annual net income of $116M in fiscal 2024.
Nuveen Churchill Direct Lending Corp. maintains industry-leading profitability with a gross margin of 84.9%, operating margin of 71.2%, and net margin of 32.5%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including ARCC ($1.15B net income, 41.3% margin), FSCO (N/A net income, 74.2% margin), GBDC ($205M net income, 43.2% margin), NCDL has room to improve margins relative to the peer group. Compare NCDL vs ARCC →
NCDL Earnings vs Peers
Earnings metrics vs comparable public companies
NCDL Historical Earnings Data (2018–2025)
8 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $66M | -43.6% | $144M | $1.30 | 32.5% | 71.2% |
| 2024 | $116M | +53.2% | $116M | $2.15 | 62.5% | 62.6% |
| 2023 | $76M | +339.3% | $77M | $2.27 | 52.7% | 53.3% |
| 2022 | $17M | -36.6% | $17M | $0.74 | 36.9% | 37.0% |
| 2021 | $27M | +1171.1% | $27M | $2.12 | 69.5% | 69.5% |
| 2020 | $2M | -70.6% | $2M | $0.43 | 24.6% | 24.6% |
| 2019 | $7M | +407.7% | $17M | $1.79 | 45.9% | 108.6% |
| 2018 | $1M | - | $3M | $0.35 | 31.3% | 67.3% |
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Start ComparisonNCDL — Frequently Asked Questions
Quick answers to the most common questions about buying NCDL stock.
Is NCDL growing earnings?
NCDL EPS fell to $1.02, with earnings declining -39.5%. This contrasts with the 5-year CAGR of +24.8%. TTM net income dropped to $51M.
What are NCDL's profit margins?
Nuveen Churchill Direct Lending Corp. net margin is +32.5%, with operating margin at +71.2%. Above-average margins indicate pricing power.
How consistent are NCDL's earnings?
NCDL earnings data spans 2018-2025. The declining earnings trend is -39.5% YoY. Historical data enables comparison across business cycles.