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Amgen Inc. (AMGN) FCF Payout Ratio: 61.33%

Is Amgen Inc.’s FCF payout ratio high or low?

Amgen Inc.'s FCF payout ratio of 61.33% is 21% above its 5-year average of 50.88%, near the high end of its 5-year range (37.97%–63.26%).

The FCF payout ratio for Amgen Inc. (AMGN) is 61.33%. It is above its 12-month average by 11.77% (54.87%).

AMGN FCF Payout Ratio Chart

AMGN FCF Payout Ratio
63.26%+36.08% 1Y
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AMGN Average FCF Payout Ratio Chart

AMGN Current vs Average FCF Payout Ratio Chart

AMGN FCF Payout Ratio Metrics

FCF PAYOUT RATIO

61.33%

FCF PAYOUT RATIO AVG TTM

54.87%

FCF PAYOUT RATIO AVG 3Y

54.86%

FCF PAYOUT RATIO AVG 5Y

50.88%

FCF PAYOUT RATIO AVG 10Y

42.87%

FCF PAYOUT RATIO AVG 15Y

36.92%

FCF PAYOUT RATIO AVG 20Y

36.92%

CURRENT VS TTM AVG

+11.77%

CURRENT VS 3Y AVG

+11.80%

CURRENT VS 5Y AVG

+20.54%

CURRENT VS 10Y AVG

+43.06%

CURRENT VS 15Y AVG

+66.10%

CURRENT VS 20Y AVG

+66.10%

Payout Ratio Comparison

FCF Payout Ratio

61.3%

Earnings Payout Ratio

68.4%

Dividend Yield

2.88%

FCF Yield

4.65%

Annual FCF Payout Ratio History

YearFree Cash FlowDividends PaidFCF Payout Ratio
2025$8.10B$5.12B63.3%
2024$10.39B$4.83B46.5%
2023$7.36B$4.56B61.9%
2022$8.79B$4.20B47.8%
2021$8.38B$4.01B47.9%
2020$9.89B$3.75B38.0%
2019$8.53B$3.51B41.1%
2018$10.56B$3.51B33.2%
2017$10.51B$3.37B32.0%
2016$9.52B$3.00B31.5%
2015$8.43B$2.40B28.4%
2014$7.55B$1.85B24.5%
2013$5.60B$1.42B25.3%
2012$5.19B$1.12B21.5%
2011$4.55B$500.00M11.0%
2010$5.21B$00.0%
2009$5.81B$00.0%
2008$5.32B$00.0%
2007$4.13B$00.0%
2006$4.17B$00.0%
2005$4.04B$00.0%
2004$2.36B$00.0%
2003$2.21B$00.0%
2002$1.59B$00.0%
2001$1.04B$00.0%
2000$1.20B$00.0%
1999$771.10M$00.0%
1998$633.70M$00.0%
1997$515.10M$00.0%
1996$555.70M$00.0%

Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100

FCF payout and earnings payout:

  • FCF represents operating cash flow after capital expenditures
  • FCF payout compares dividends paid with free cash flow
  • FCF payout above 100% means dividends paid exceeded free cash flow for the period
  • Earnings payout compares dividends paid with net income

Reading the series: Use the chart and table to compare dividend payments with cash generation over time.

Amgen Inc. FCF Payout Ratio Formula & Definition

FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Amgen Inc. FCF Payout Ratio FAQ

What is the FCF payout ratio for Amgen Inc. (AMGN)?
The FCF payout ratio for AMGN stock is 61.33%.
Is Amgen Inc.'s FCF payout ratio high or low?
Amgen Inc.'s FCF payout ratio of 61.33% is 21% above its 5-year average of 50.88%, near the high end of its 5-year range (37.97%–63.26%).
What is the TTM average FCF payout ratio for Amgen Inc. (AMGN)?
The TTM average FCF payout ratio for AMGN stock is 54.87%.
What is the 3Y average FCF payout ratio for Amgen Inc. (AMGN)?
The 3Y average FCF payout ratio for AMGN stock is 54.86%.
What is the 5Y average FCF payout ratio for Amgen Inc. (AMGN)?
The 5Y average FCF payout ratio for AMGN stock is 50.88%.
What is the 10Y average FCF payout ratio for Amgen Inc. (AMGN)?
The 10Y average FCF payout ratio for AMGN stock is 42.87%.
What is the 15Y average FCF payout ratio for Amgen Inc. (AMGN)?
The 15Y average FCF payout ratio for AMGN stock is 36.92%.
What is the 20Y average FCF payout ratio for Amgen Inc. (AMGN)?
The 20Y average FCF payout ratio for AMGN stock is 36.92%.

Amgen Inc. FCF Payout Ratio History

DATEFCF PAYOUT RATIO
2025-12-3163.26%
2024-12-3146.49%
2023-12-3161.91%
2022-12-3147.76%
2021-12-3147.88%
2020-12-3137.97%
2019-12-3141.13%
2018-12-3133.22%
2017-12-3132.01%
2016-12-3131.50%
2015-12-3128.43%
2014-12-3124.51%
2013-12-3125.28%
2012-12-3121.53%
2011-12-3110.98%

About Amgen Inc.

Amgen Inc., established in 1980 and headquartered in Thousand Oaks, California, is a global biotechnology leader focused on discovering, developing, manufacturing, and delivering groundbreaking human medicines. The company's scientific endeavors span several critical therapeutic categories, including inflammatory conditions, oncology and hematology, bone health, cardiovascular diseases, nephrology, and neuroscience. Its extensive portfolio features a range of significant pharmaceutical products. Notable examples include Enbrel, prescribed for conditions like plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Neulasta, which helps cancer patients by reducing the risk of infection linked to a low white blood cell count; Prolia, utilized in postmenopausal women to combat osteoporosis; and Xgeva, designed to prevent skeletal-related complications. Otezla offers relief for adult patients suffering from plaque psoriasis, psoriatic arthritis, and oral ulcers associated with Behçet's disease. Aranesp addresses anemia and low red blood cell counts, while KYPROLIS is employed to treat patients with relapsed or refractory multiple myeloma. Furthermore, Repatha plays a vital role in lowering the incidence of major cardiovascular events such as myocardial infarction, stroke, and coronary revascularization. Amgen's comprehensive product lineup also encompasses Nplate, Vectibix, MVASI, Parsabiv, EPOGEN, KANJINTI, BLINCYTO, Aimovig, EVENITY, AMGEVITATM, Sensipar/Mimpara, NEUPOGEN, IMLYGIC, Corlanor, and AVSOLA. The company distributes its therapies worldwide, primarily serving healthcare providers, including physicians and their clinics, dialysis centers, hospitals, and pharmacies. Distribution is facilitated through pharmaceutical wholesale distributors, complemented by direct-to-consumer channels. Amgen actively engages in strategic collaborations. It has partnered with entities such as Novartis Pharma AG, UCB, Bayer HealthCare LLC, BeiGene, Ltd., Eli Lilly and Company, Datos Health, and Verastem, Inc., to jointly assess VS-6766 when combined with lumakrastm (Sotorasib) in patients with KRAS G12C-mutant non-small cell lung cancer. Another key alliance involves Kyowa Kirin Co., Ltd., for the co-development and commercialization of KHK4083, a Phase 3-ready anti-OX40 fully human monoclonal antibody targeting atopic dermatitis and other autoimmune conditions. Additionally, Amgen maintains research and development partnerships with Neumora Therapeutics, Inc. and Plexium, Inc.

Thousand Oaks, CA
28,000 employees
Healthcare / Drug Manufacturers - General
Sector
Healthcare
Industry
Drug Manufacturers - General
CEO
Robert A. Bradway