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 551.24% is 831% above its 5-year average of 59.20%, near the high end of its 5-year range (27.45%–551.24%).
As of the fiscal period ended Monday, September 30, 2019. 296.81% above its 12-month average of 138.92%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
551.24%
FCF PAYOUT RATIO AVG TTM
138.92%
FCF PAYOUT RATIO AVG 3Y
30.34%
FCF PAYOUT RATIO AVG 5Y
31.64%
FCF PAYOUT RATIO AVG 10Y
29.96%
FCF PAYOUT RATIO AVG 15Y
27.36%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+296.81%
CURRENT VS 3Y AVG
+1717.09%
CURRENT VS 5Y AVG
+1642.29%
CURRENT VS 10Y AVG
+1740.02%
CURRENT VS 15Y AVG
+1914.97%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
551.2%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($1.88B) | $331.00M | N/A (Loss) |
| 2024 | ($14.40B) | $0 | N/A (Loss) |
| 2023 | $4.43B | $0 | 0.0% |
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 |
|---|---|
| 2019-09-30 | 551.24% |
| 2019-06-30 | 54.71% |
| 2019-03-31 | 31.31% |
| 2018-12-31 | 29.16% |
| 2018-09-30 | 28.15% |
| 2018-06-30 | 29.66% |
| 2018-03-31 | 28.29% |
| 2017-12-31 | 29.78% |
| 2017-09-30 | 28.89% |
| 2017-06-30 | 28.28% |
| 2017-03-31 | 32.19% |
| 2016-12-31 | 34.95% |
| 2016-09-30 | 33.03% |
| 2016-06-30 | 33.60% |
| 2016-03-31 | 32.58% |
| 2015-12-31 | 36.02% |
| 2015-09-30 | 27.45% |
| 2015-06-30 | 34.11% |
| 2015-03-31 | 40.10% |
| 2014-12-31 | 31.94% |
| 2014-09-30 | 67.76% |
| 2014-06-30 | 36.79% |
| 2014-03-31 | 25.03% |
| 2013-12-31 | 24.69% |
| 2013-09-30 | 15.92% |
| 2013-06-30 | 17.81% |
| 2013-03-31 | 25.26% |
| 2012-12-31 | 22.80% |
| 2012-09-30 | 29.02% |
| 2012-06-30 | 37.84% |
| 2012-03-31 | 30.86% |
| 2011-12-31 | 53.85% |
| 2011-09-30 | 186.75% |
| 2011-06-30 | 57.06% |
| 2011-03-31 | 134.63% |
| 2010-12-31 | 68.73% |
| 2010-09-30 | 30.49% |
| 2010-06-30 | 35.66% |
| 2010-03-31 | 29.39% |
| 2009-12-31 | 27.62% |
| 2008-09-30 | 89.80% |
| 2008-06-30 | 21.98% |
| 2008-03-31 | 12.37% |
| 2007-12-31 | 13.96% |
| 2007-09-30 | 12.87% |
| 2007-06-30 | 18.46% |
| 2007-03-31 | 22.28% |
| 2006-12-31 | 16.43% |
| 2006-09-30 | 15.47% |
| 2006-06-30 | 14.91% |
| 2006-03-31 | 14.18% |
| 2005-12-31 | 15.04% |
| 2005-09-30 | 18.05% |
| 2005-06-30 | 16.71% |
| 2005-03-31 | 19.52% |
| 2004-12-31 | 26.13% |
| 2004-09-30 | 12.56% |
| 2004-06-30 | 13.99% |
| 2004-03-31 | 15.84% |
| 2003-12-31 | 18.22% |
| 2003-09-30 | 53.56% |
| 2003-07-30 | 22.34% |
| 2003-03-31 | 22.52% |
| 2022 |
| $2.29B |
| $0 |
| 0.0% |
| 2021 | ($4.40B) | $0 | N/A (Loss) |
| 2020 | ($19.71B) | $1.16B | N/A (Loss) |
| 2019 | ($4.41B) | $4.63B | N/A (Loss) |
| 2018 | $13.53B | $3.95B | 29.2% |
| 2017 | $11.47B | $3.42B | 29.8% |
| 2016 | $7.89B | $2.76B | 34.9% |
| 2015 | $6.91B | $2.49B | 36.0% |
| 2014 | $6.62B | $2.12B | 31.9% |
| 2013 | $5.94B | $1.47B | 24.7% |
| 2012 | $5.80B | $1.32B | 22.8% |
| 2011 | $2.31B | $1.24B | 53.9% |
| 2010 | $1.82B | $1.25B | 68.7% |
| 2009 | $4.42B | $1.22B | 27.6% |
| 2008 | ($2.25B) | $1.19B | N/A (Loss) |
| 2007 | $7.85B | $1.10B | 14.0% |
| 2006 | $5.82B | $956.00M | 16.4% |
| 2005 | $5.45B | $820.00M | 15.0% |
| 2004 | $2.48B | $648.00M | 26.1% |
| 2003 | $3.14B | $572.00M | 18.2% |
| 2002 | $3.37B | $571.00M | 16.9% |
| 2001 | $2.75B | $582.00M | 21.2% |
| 2000 | $5.01B | $504.00M | 10.1% |
| 1999 | $4.99B | $537.00M | 10.8% |
| 1998 | $783.00M | $564.00M | 72.0% |
| 1997 | $709.00M | $557.00M | 78.6% |
| 1996 | $1.46B | $379.00M | 25.9% |
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.
