NCDL (Nuveen Churchill Direct Lending) Net Income: $46.86 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NCDL Nuveen Churchill Direct Lending Corp NCDL
49 GF Score
Price $12.50
GF Value $10.85
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Nuveen Churchill Direct Lending Net Income?

Nuveen Churchill Direct Lending NCDL +1.54% 49 Net Income is $46.86 Mil as of Jun. 2026. GuruFocus rates NCDL with a GF Score™ of 49/100 and a GF Value™ of $10.85 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Nuveen Churchill Direct Lending's Net Income for the three months ended in Jun. 2026 was $3.59 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was $46.86 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Nuveen Churchill Direct Lending's Earnings per Share (Diluted) for the three months ended in Jun. 2026 was $0.07.


Nuveen Churchill Direct Lending  (NYSE:NCDL) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Nuveen Churchill Direct Lending's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Nuveen Churchill Direct Lending Net Income Related Terms


Nuveen Churchill Direct Lending Net Income Historical Data

* Premium members only.

The historical data trend for Nuveen Churchill Direct Lending's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nuveen Churchill Direct Lending Net Income Chart

Nuveen Churchill Direct Lending Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Income
Get a 7-Day Free Trial 27.27 17.29 75.94 116.32 65.61

Nuveen Churchill Direct Lending Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.02 18.66 15.92 8.69 3.59
NCDL
49GF Score
Nuveen Churchill Direct Lending Corp NCDL
Net Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nuveen Churchill Direct Lending Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Nuveen Churchill Direct Lending's Net Income for the fiscal year that ended in Dec. 2025 is calculated as

Net Income(A: Dec. 2025 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=65.763+-0.149+0+0
=65.61

Nuveen Churchill Direct Lending's Net Income for the quarter that ended in Jun. 2026 is calculated as

Net Income(Q: Jun. 2026 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=2.914+0.68+0+-4.4408920985006E-16
=3.59

Net Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $46.86 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Income →
What does a Net Income of $46.86 Mil mean?
Nuveen Churchill Direct Lending (NCDL) has a Net Income of $46.86 Mil as of Jun. 2026. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Nuveen Churchill Direct Lending and its competitors.
Is Nuveen Churchill Direct Lending's Net Income too high?
Nuveen Churchill Direct Lending's current Net Income is $46.86 Mil. Overall, Nuveen Churchill Direct Lending has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nuveen Churchill Direct Lending's Net Income compare to FAX and EMD?
Nuveen Churchill Direct Lending's Net Income of $46.86 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Income for an Asset Management company?
A good Net Income depends on the Asset Management industry context. However, Net Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Nuveen Churchill Direct Lending and its competitors. Nuveen Churchill Direct Lending's current Net Income is $46.86 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Churchill Direct Lending stock overvalued right now?
Based on GuruFocus' analysis, Nuveen Churchill Direct Lending (NCDL) is currently considered Modestly Overvalued. The stock's GF Value™ is $10.85, compared to a current price of $12.50 — trading 15.2% above its estimated fair value. The current Net Income is $46.86 Mil. Nuveen Churchill Direct Lending's overall GF Score™ is 49/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For Nuveen Churchill Direct Lending (NCDL), the current Net Income is $46.86 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nuveen Churchill Direct Lending (NCDL) Overvalued in 2026?

Based on GuruFocus' analysis, Nuveen Churchill Direct Lending stock appears to be overvalued. The current stock price of $12.50 is trading 15.2% above its estimated GF Value™ of $10.85. GuruFocus considers Nuveen Churchill Direct Lending to be Modestly Overvalued.

Key valuation signals for NCDL:

  • Net Income: $46.86 Mil
  • GF Value™: $10.85 vs. price of $12.50 (15.2% above fair value)
  • GF Score™: 49/100 with 7 warning signs

No single metric tells the full story. See the NCDL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nuveen Churchill Direct Lending Business Description

Other Exchanges O7A:Germany
Address 375 Park Avenue, 9th Floor, New York, NY, USA, 10152
Nuveen Churchill Direct Lending Corp is a specialty finance company focused predominantly on investing in senior secured loans to private equity-owned U.S. middle market companies. It is a closed-end, externally managed, non-diversified management investment company. The company's investment objective is to generate attractive risk-adjusted returns through current income by investing in senior secured loans to private equity-owned U.S. middle market companies. It invests in senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity.
49GF Score

Get the complete analysis for NCDL

Net Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.50
Price
$10.85
GF Value