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 0.17% is 82% below its 2-year average of 0.94%, near the low end of its 2-year range (0.17%–1.77%).
As of the fiscal period ended Thursday, December 31, 2015. 70.81% below its 12-month average of 0.59%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
0.17%
FCF PAYOUT RATIO AVG TTM
0.59%
FCF PAYOUT RATIO AVG 3Y
N/A
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
-70.81%
CURRENT VS 3Y AVG
N/A
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
0.2%
Earnings Payout Ratio
24.9%
Dividend Yield
0.93%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | ($7.35B) | $4.89B | N/A (Loss) |
| 2025 | $10.77B | $4.04B | 37.5% |
| 2024 | $20.88B | $2.50B | 12.0% |
| 2023 | $24.10B | $0 | 0.0% |
| 2022 | $13.86B | $0 | 0.0% |
| 2021 | $27.76B | $0 | 0.0% |
| 2020 | $19.57B | $0 | 0.0% |
| 2019 |
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 |
|---|---|
| 2015-12-31 | 0.17% |
| 2015-09-30 | 0.23% |
| 2015-06-30 | 0.69% |
| 2015-03-31 | 0.73% |
| 2014-12-31 | 1.12% |
| 2014-09-30 | 1.42% |
| 2014-06-30 | 1.36% |
| 2014-03-31 | 1.77% |
| 2013-12-31 | 0.93% |
| $15.10B |
| $0 |
| 0.0% |
| 2018 | $14.33B | $0 | 0.0% |
| 2017 | $9.31B | $0 | 0.0% |
| 2016 | $7.25B | $0 | 0.0% |
| 2015 | $5.53B | $16.75M | 0.3% |
| 2014 | $3.74B | $33.93M | 0.9% |
| 2013 | $2.04B | $16.27M | 0.8% |
| 2012 | $1.13B | $0 | 0.0% |
| 2010 | $1.08B | $0 | 0.0% |
| 2009 | $267.83M | $130.04M | 48.6% |
| 2008 | $191.90M | $0 | 0.0% |
| 2007 | $173.15M | $26.72M | 15.4% |
| 2006 | $81.31M | $25.22M | 31.0% |
