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 60.54% is 16% below its 1-year average of 71.78%, near the low end of its 1-year range (60.54%–88.85%).
As of the fiscal period ended Sunday, December 31, 2023. 15.65% below its 12-month average of 71.78%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
60.54%
FCF PAYOUT RATIO AVG TTM
71.78%
FCF PAYOUT RATIO AVG 3Y
71.78%
FCF PAYOUT RATIO AVG 5Y
71.78%
FCF PAYOUT RATIO AVG 10Y
71.78%
FCF PAYOUT RATIO AVG 15Y
72.08%
FCF PAYOUT RATIO AVG 20Y
68.69%
CURRENT VS TTM AVG
-15.65%
CURRENT VS 3Y AVG
-15.65%
CURRENT VS 5Y AVG
-15.65%
CURRENT VS 10Y AVG
-15.65%
CURRENT VS 15Y AVG
-16.01%
CURRENT VS 20Y AVG
-11.86%
FCF Payout Ratio TTM
60.5%
Earnings Payout Ratio
51.3%
Dividend Yield
2.16%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($1.51B) | $553.76M | N/A (Loss) |
| 2024 | ($1.20B) | $492.95M | N/A (Loss) |
| 2023 | $653.77M | $430.35M | 65.8% |
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 |
|---|---|
| 2023-12-31 | 60.54% |
| 2023-09-30 | 65.83% |
| 2023-06-30 | 88.85% |
| 2023-03-31 | 71.90% |
| 2011-06-30 | 152.54% |
| 2011-03-31 | 99.19% |
| 2010-12-31 | 97.85% |
| 2010-09-30 | 67.61% |
| 2010-06-30 | 77.94% |
| 2010-03-31 | 46.23% |
| 2009-12-31 | 35.40% |
| 2009-09-30 | 29.64% |
| 2009-06-30 | 43.55% |
| 2008-03-31 | 120.27% |
| 2007-12-31 | 260.65% |
| 2007-09-30 | 72.20% |
| 2007-06-30 | 39.57% |
| 2007-03-31 | 36.53% |
| 2006-12-31 | 39.36% |
| 2005-09-30 | 184.11% |
| 2005-06-30 | 832.68% |
| 2005-03-31 | 62.18% |
| 2004-12-31 | 65.92% |
| 2004-09-30 | 83.55% |
| 2004-06-30 | 54.59% |
| 2003-03-31 | 61.64% |
| 2022 |
| ($1.47B) |
| $375.91M |
| N/A (Loss) |
| 2021 | ($3.05B) | $323.90M | N/A (Loss) |
| 2020 | ($897.68M) | $282.44M | N/A (Loss) |
| 2019 | ($724.71M) | $245.72M | N/A (Loss) |
| 2018 | ($342.93M) | $214.91M | N/A (Loss) |
| 2017 | ($270.00M) | $191.93M | N/A (Loss) |
| 2016 | ($291.96M) | $175.13M | N/A (Loss) |
| 2015 | ($138.61M) | $160.02M | N/A (Loss) |
| 2014 | ($95.27M) | $146.25M | N/A (Loss) |
| 2013 | ($231.91M) | $128.12M | N/A (Loss) |
| 2012 | ($145.94M) | $125.80M | N/A (Loss) |
| 2011 | ($40.12M) | $124.01M | N/A (Loss) |
| 2010 | $183.84M | $124.29M | 67.6% |
| 2009 | $409.74M | $121.46M | 29.6% |
| 2008 | ($101.34M) | $117.29M | N/A (Loss) |
| 2007 | $154.66M | $111.66M | 72.2% |
| 2006 | ($113.88M) | $102.28M | N/A (Loss) |
| 2005 | $53.76M | $98.98M | 184.1% |
| 2004 | $79.88M | $66.74M | 83.5% |
| 2003 | ($109.99M) | $55.29M | N/A (Loss) |
| 2002 | $162.25M | $48.65M | 30.0% |
| 2001 | ($31.57M) | $44.11M | N/A (Loss) |
| 2000 | ($21.36M) | $35.99M | N/A (Loss) |
| 1999 | ($25.70M) | $33.90M | N/A (Loss) |
| 1998 | ($43.30M) | $31.80M | N/A (Loss) |
| 1997 | ($53.60M) | $26.40M | N/A (Loss) |
| 1996 | ($13.10M) | $15.20M | N/A (Loss) |
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.
