Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the FCF payout ratio high or low?
The FCF payout ratio of 0.40% is 80% below its 3-year average of 1.97%, near the low end of its 3-year range (0.40%–5.03%).
As of the fiscal period ended Friday, September 1, 2006. 35.02% below its 12-month average of 0.62%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
0.40%
FCF PAYOUT RATIO AVG TTM
0.62%
FCF PAYOUT RATIO AVG 3Y
1.51%
FCF PAYOUT RATIO AVG 5Y
N/A
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-35.02%
CURRENT VS 3Y AVG
-73.56%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
0.4%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
10.03%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $9.85B | $0 | 0.0% |
| 2024 | $7.82B | $0 | 0.0% |
| 2023 | $6.94B | $0 | 0.0% |
| 2022 | $7.40B | $0 | 0.0% |
| 2021 | $6.89B | $0 | 0.0% |
| 2020 | $5.31B | $0 |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2006-09-01 | 0.40% |
| 2006-06-02 | 0.40% |
| 2006-03-03 | 0.44% |
| 2005-12-02 | 0.89% |
| 2005-09-02 | 0.94% |
| 2005-06-03 | 1.43% |
| 2005-03-04 | 1.99% |
| 2004-12-03 | 1.92% |
| 2004-09-03 | 2.09% |
| 2004-06-04 | 2.31% |
| 2004-03-05 | 2.38% |
| 2003-11-28 | 2.95% |
| 2003-08-29 | 4.38% |
| 2003-05-30 | 5.03% |
| 0.0% |
| 2019 | $4.09B | $0 | 0.0% |
| 2018 | $3.76B | $0 | 0.0% |
| 2017 | $2.73B | $0 | 0.0% |
| 2016 | $2.00B | $0 | 0.0% |
| 2015 | $1.28B | $0 | 0.0% |
| 2014 | $1.14B | $0 | 0.0% |
| 2013 | $963.33M | $0 | 0.0% |
| 2012 | $1.23B | $0 | 0.0% |
| 2011 | $1.33B | $0 | 0.0% |
| 2010 | $943.35M | $0 | 0.0% |
| 2009 | $998.18M | $0 | 0.0% |
| 2008 | $1.17B | $0 | 0.0% |
| 2007 | $1.31B | $0 | 0.0% |
| 2006 | $843.99M | $0 | 0.0% |
| 2005 | $681.48M | $3.04M | 0.4% |
| 2004 | $620.52M | $11.94M | 1.9% |
| 2003 | $393.68M | $11.63M | 3.0% |
| 2002 | $297.75M | $11.88M | 4.0% |
| 2001 | $372.15M | $12.01M | 3.2% |
| 2000 | $414.79M | $11.98M | 2.9% |
| 1999 | $291.99M | $12.23M | 4.2% |
| 1998 | $143.72M | $16.29M | 11.3% |
| 1997 | $174.76M | $20.91M | 12.0% |
| 1996 | $152.25M | $14.59M | 9.6% |
