Nuveen Churchill Direct Lending (FRA:O7A) ROA %: 1.70% (As of Mar. 2026) — 49% Below Median


FRA:O7A Nuveen Churchill Direct Lending Corp FRA:O7A
29 GF Score
Price €11.00
! 5 Warning Signs
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What is Nuveen Churchill Direct Lending ROA %?

Nuveen Churchill Direct Lending FRA:O7A +1.85% 29 ROA % is 1.70% as of Mar. 2026, which is 49% below its 10-year median of 3.32. GuruFocus rates FRA:O7A with a GF Score™ of 29/100. The stock has 5 warning signs investors should review. Among 1,632 Asset Management companies, Nuveen Churchill Direct Lending ranks worse than 56.37% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nuveen Churchill Direct Lending's annualized Net Income for the quarter that ended in Mar. 2026 was €30.06 Mil. Nuveen Churchill Direct Lending's average Total Assets over the quarter that ended in Mar. 2026 was €1,763.32 Mil. Therefore, Nuveen Churchill Direct Lending's annualized ROA % for the quarter that ended in Mar. 2026 was 1.70%.

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

FRA:O7A' s ROA % Range Over the Past 10 Years
Min: 1.67   Med: 3.32   Max: 6
Current: 2.85

During the past 6 years, Nuveen Churchill Direct Lending's highest ROA % was 6.00%. The lowest was 1.67%. And the median was 3.32%.

FRA:O7A's ROA % is ranked worse than
56.37% of 1632 companies
in the Asset Management industry
Industry Median: 4 vs FRA:O7A: 2.85

Nuveen Churchill Direct Lending  (FRA:O7A) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=30.056/1763.3205
=(Net Income / Revenue)*(Revenue / Total Assets)
=(30.056 / 43.34)*(43.34 / 1763.3205)
=Net Margin %*Asset Turnover
=69.35 %*0.0246
=1.70 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.

* 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Nuveen Churchill Direct Lending ROA % Related Terms


Nuveen Churchill Direct Lending ROA % Historical Data

* Premium members only.

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

Nuveen Churchill Direct Lending Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
Get a 7-Day Free Trial 3.32 1.71 5.03 6.11 2.95

Nuveen Churchill Direct Lending Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROA % 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 2.74 2.92 3.59 3.11 1.70

FRA:O7A vs PDT, HKHC, VINP: ROA % Comparison

For the Asset Management subindustry, Nuveen Churchill Direct Lending's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Asset Management Industry

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

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


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

Nuveen Churchill Direct Lending's annualized ROA % for the fiscal year that ended in Dec. 2025 is calculated as:

ROA %=Net Income (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=56.034/( (2047.257+1754.517)/ 2 )
=56.034/1900.887
=2.95 %

Nuveen Churchill Direct Lending's annualized ROA % for the quarter that ended in Mar. 2026 is calculated as:

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=30.056/( (1754.517+1772.124)/ 2 )
=30.056/1763.3205
=1.70 %

* 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.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2026) net income data. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 1.70% mean?
Nuveen Churchill Direct Lending (FRA:O7A) has a ROA % of 1.70% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nuveen Churchill Direct Lending and its competitors. This is 49% below median its historical median of 3.32. Over the past decade, Nuveen Churchill Direct Lending's ROA % has ranged from 1.67 to 6.00. According to the industry distribution chart, Nuveen Churchill Direct Lending ranks #920 out of 1632 companies in the Asset Management industry, placing it in the top 56.4%.
Is Nuveen Churchill Direct Lending's ROA % too high?
Nuveen Churchill Direct Lending's current ROA % of 1.70% is 49% below median its 10-year median of 3.32. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 6.00. The Asset Management industry median ROA % is 4.00. Nuveen Churchill Direct Lending's value of 1.70% is 57.5% below this industry median. Based on the distribution chart, Nuveen Churchill Direct Lending ranks #920 out of 1632 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 ROA % compare to PDT and HKHC?
According to the Asset Management industry distribution chart, Nuveen Churchill Direct Lending ranks #920 out of 1632 companies for ROA %. This places Nuveen Churchill Direct Lending in the lower half of its industry. The industry median ROA % is 4.00. Nuveen Churchill Direct Lending's value of 1.70% is 57.5% below this benchmark. Historically, Nuveen Churchill Direct Lending's own ROA % has ranged from 1.67 to 6.00 over the past decade. While the company's 10-year median is 3.32 vs. the industry median of 4.00, 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 ROA % for an Asset Management company?
The median ROA % among Asset Management companies is 4.00, based on 1,632 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen Churchill Direct Lending's current ROA % of 1.70% is 57.5% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nuveen Churchill Direct Lending and its competitors. For the Asset Management industry, the median ROA % is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Churchill Direct Lending's current ROA % is 1.70%, which is 49% below median its own 10-year median of 3.32. 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 ROA % of 1.70%. The current ROA % is 1.70%, which is 49% below median its 10-year median of 3.32 and 57.5% below the Asset Management industry median of 4.00. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Nuveen Churchill Direct Lending (FRA:O7A), the current ROA % is 1.70% 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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ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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