Nuveen Churchill Direct Lending annual return on equity
2022
2023
2024
2025
Nuveen Churchill Direct Lending Return on Equity (ROE) Growth & History (NCDL)
Nuveen Churchill Direct Lending's return on equity was 7.11% for fiscal 2025.
View full Nuveen Churchill Direct Lending company overviewNuveen Churchill Direct Lending annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 7.11% | −6.43 pp |
| 2024 | 2024-12-31 | 13.54% | +1.61 pp |
| 2023 | 2023-12-31 | 11.93% | +8.09 pp |
| 2022 | 2022-12-31 | 3.85% | — |
Nuveen Churchill Direct Lending quarterly return on equity
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.42% | −1.35 pp |
| Q1 2026 | 2026-03-31 | 1.00% | −0.59 pp |
| Q4 2025 | 2025-12-31 | 1.81% | −1.19 pp |
| Q3 2025 | 2025-09-30 | 2.11% | −1.60 pp |
| Q2 2025 | 2025-06-30 | 1.77% | −0.26 pp |
| Q1 2025 | 2025-03-31 | 1.59% | −1.85 pp |
| Q4 2024 | 2024-12-31 | 3.00% | −1.14 pp |
| Q3 2024 | 2024-09-30 | 3.71% | +0.34 pp |
| Q2 2024 | 2024-06-30 | 2.04% | −0.63 pp |
| Q1 2024 | 2024-03-31 | 3.44% | +1.00 pp |
| Q4 2023 | 2023-12-31 | 4.15% | +2.53 pp |
| Q3 2023 | 2023-09-30 | 3.37% | — |
| Q2 2023 | 2023-06-30 | 2.66% | — |
| Q1 2023 | 2023-03-31 | 2.44% | — |
| Q4 2022 | 2022-12-31 | 1.62% | — |
Nuveen Churchill Direct Lending return on equity trends
Between the periods ended 2022-12-31 and 2025-12-31, Nuveen Churchill Direct Lending's return on equity increased from 3.85% to 7.11%, a change of +3.27 percentage points. The latest reported quarter, Q2 2026, shows 0.42%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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