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 10.26% is in line with its 5-year average of 9.96%, around the middle of its 5-year range (0.86%–24.31%).
As of the fiscal period ended Wednesday, October 31, 2007. 26.11% below its 12-month average of 13.89%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
10.26%
FCF PAYOUT RATIO AVG TTM
13.89%
FCF PAYOUT RATIO AVG 3Y
9.01%
FCF PAYOUT RATIO AVG 5Y
9.96%
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
-26.11%
CURRENT VS 3Y AVG
+13.83%
CURRENT VS 5Y AVG
+3.05%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
10.3%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
5.70%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $2.41B | $0 | 0.0% |
| 2025 | $1.50B | $0 | 0.0% |
| 2024 | $1.28B | $0 | 0.0% |
| 2023 | $2.02B | $0 | 0.0% |
| 2022 | $1.46B | $0 | 0.0% |
| 2021 | $1.34B | $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 |
|---|---|
| 2007-10-31 | 10.26% |
| 2007-07-31 | 10.67% |
| 2007-04-30 | 10.17% |
| 2007-01-31 | 24.31% |
| 2006-10-31 | 14.02% |
| 2006-07-31 | 14.22% |
| 2006-04-30 | 15.83% |
| 2006-01-31 | 0.86% |
| 2005-10-31 | 1.63% |
| 2005-07-31 | 2.72% |
| 2005-04-30 | 4.01% |
| 2005-01-31 | 4.08% |
| 2004-10-31 | 4.39% |
| 2004-07-31 | 4.84% |
| 2004-04-30 | 5.93% |
| 2004-01-31 | 7.09% |
| 2003-10-31 | 11.41% |
| 2003-07-31 | 19.49% |
| 2003-04-30 | 23.24% |
| 0.0% |
| 2020 | $1.36B | $0 | 0.0% |
| 2019 | $310.10M | $0 | 0.0% |
| 2018 | ($49.80M) | $0 | N/A (Loss) |
| 2017 | $93.70M | $0 | 0.0% |
| 2016 | $341.60M | $0 | 0.0% |
| 2015 | $632.60M | $0 | 0.0% |
| 2014 | $499.30M | $0 | 0.0% |
| 2013 | $502.70M | $0 | 0.0% |
| 2012 | $510.50M | $0 | 0.0% |
| 2011 | $512.50M | $0 | 0.0% |
| 2010 | $207.80M | $0 | 0.0% |
| 2009 | $515.50M | $0 | 0.0% |
| 2008 | $665.20M | $0 | 0.0% |
| 2007 | $541.30M | $0 | 0.0% |
| 2006 | $394.70M | $3.40M | 0.9% |
| 2005 | $332.30M | $13.57M | 4.1% |
| 2004 | $189.08M | $13.41M | 7.1% |
| 2003 | $50.13M | $13.57M | 27.1% |
| 2002 | $165.09M | $13.09M | 7.9% |
| 2001 | $163.71M | $13.58M | 8.3% |
| 2000 | $88.67M | $14.58M | 16.4% |
| 1999 | $40.80M | $11.70M | 28.7% |
| 1998 | $143.60M | $11.30M | 7.9% |
| 1997 | $96.80M | $10.90M | 11.3% |
