Nuveen Churchill Direct Lending (FRA:O7A) Pretax Margin %: 71.39% (As of Mar. 2026) — 18% Below Median


FRA:O7A Nuveen Churchill Direct Lending Corp FRA:O7A
29 GF Score
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What is Nuveen Churchill Direct Lending Pretax Margin %?

Nuveen Churchill Direct Lending FRA:O7A 29 Pretax Margin % is 71.39% as of Mar. 2026, which is 18% below its 10-year median of 87.54. GuruFocus rates FRA:O7A with a GF Score™ of 29/100. The stock has 5 warning signs investors should review. Among 1,572 Asset Management companies, Nuveen Churchill Direct Lending ranks worse than 55.98% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Nuveen Churchill Direct Lending's Pre-Tax Income for the three months ended in Mar. 2026 was €7.74 Mil. Nuveen Churchill Direct Lending's Revenue for the three months ended in Mar. 2026 was €10.84 Mil. Therefore, Nuveen Churchill Direct Lending's pretax margin for the quarter that ended in Mar. 2026 was 71.39%.

The historical rank and industry rank for Nuveen Churchill Direct Lending's Pretax Margin % or its related term are showing as below:

FRA:O7A' s Pretax Margin % Range Over the Past 10 Years
Min: 50.77   Med: 87.54   Max: 104.53
Current: 82.21


FRA:O7A's Pretax Margin % is ranked worse than
55.98% of 1572 companies
in the Asset Management industry
Industry Median: 89.835 vs FRA:O7A: 82.21

Nuveen Churchill Direct Lending  (FRA:O7A) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Nuveen Churchill Direct Lending Pretax Margin % Related Terms


Nuveen Churchill Direct Lending Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Nuveen Churchill Direct Lending's Pretax Margin % 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 Pretax Margin % Chart

Nuveen Churchill Direct Lending Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial 92.65 74.00 89.23 104.54 85.84

Nuveen Churchill Direct Lending Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pretax Margin % 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 90.84 84.33 86.48 82.40 71.39

FRA:O7A vs PDT, HKHC, VINP: Pretax Margin % Comparison

For the Asset Management subindustry, Nuveen Churchill Direct Lending's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nuveen Churchill Direct Lending Pretax Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Churchill Direct Lending's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Nuveen Churchill Direct Lending's Pretax Margin % falls into.


FRA:O7A
29GF Score
Nuveen Churchill Direct Lending Corp FRA:O7A
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuveen Churchill Direct Lending Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

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

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=56.162/65.425
=85.84 %

Nuveen Churchill Direct Lending's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=7.735/10.835
=71.39 %

* 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 Pretax Margin % →
What does a Pretax Margin % of 71.39% mean?
Nuveen Churchill Direct Lending (FRA:O7A) has a Pretax Margin % of 71.39% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Nuveen Churchill Direct Lending and its competitors. This is 18% below median its historical median of 87.54. Over the past decade, Nuveen Churchill Direct Lending's Pretax Margin % has ranged from 50.77 to 104.53. According to the industry distribution chart, Nuveen Churchill Direct Lending ranks #880 out of 1572 companies in the Asset Management industry, placing it in the top 56%.
Is Nuveen Churchill Direct Lending's Pretax Margin % too high?
Nuveen Churchill Direct Lending's current Pretax Margin % of 71.39% is 18% below median its 10-year median of 87.54. Over the past 10 years, this metric has ranged from a low of 50.77 to a high of 104.53. The Asset Management industry median Pretax Margin % is 89.84. Nuveen Churchill Direct Lending's value of 71.39% is 20.5% below this industry median. Based on the distribution chart, Nuveen Churchill Direct Lending ranks #880 out of 1572 companies in the Asset Management industry, which is below the industry midpoint. Overall, Nuveen Churchill Direct Lending has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen Churchill Direct Lending's Pretax Margin % compare to PDT and HKHC?
According to the Asset Management industry distribution chart, Nuveen Churchill Direct Lending ranks #880 out of 1572 companies for Pretax Margin %. This places Nuveen Churchill Direct Lending in the lower half of its industry. The industry median Pretax Margin % is 89.84. Nuveen Churchill Direct Lending's value of 71.39% is 20.5% below this benchmark. Historically, Nuveen Churchill Direct Lending's own Pretax Margin % has ranged from 50.77 to 104.53 over the past decade. While the company's 10-year median is 87.54 vs. the industry median of 89.84, Nuveen Churchill Direct Lending has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.84, based on 1,572 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen Churchill Direct Lending's current Pretax Margin % of 71.39% is 20.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Nuveen Churchill Direct Lending and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Churchill Direct Lending's current Pretax Margin % is 71.39%, which is 18% below median its own 10-year median of 87.54. 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?
Nuveen Churchill Direct Lending (FRA:O7A) has a current Pretax Margin % of 71.39%. The current Pretax Margin % is 71.39%, which is 18% below median its 10-year median of 87.54 and 20.5% below the Asset Management industry median of 89.84. Nuveen Churchill Direct Lending's overall GF Score™ is 29/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Nuveen Churchill Direct Lending (FRA:O7A), the current Pretax Margin % is 71.39% as of Mar. 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.

Nuveen Churchill Direct Lending Business Description

Other Exchanges NCDL:USA
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.
29GF Score

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