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 577.08% is 319% above its 5-year average of 137.67%, near the high end of its 5-year range (52.43%–577.08%).
As of the fiscal period ended Wednesday, June 30, 2021. 206.62% above its 12-month average of 188.21%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
577.08%
FCF PAYOUT RATIO AVG TTM
188.21%
FCF PAYOUT RATIO AVG 3Y
80.58%
FCF PAYOUT RATIO AVG 5Y
109.21%
FCF PAYOUT RATIO AVG 10Y
111.84%
FCF PAYOUT RATIO AVG 15Y
99.65%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+206.62%
CURRENT VS 3Y AVG
+616.18%
CURRENT VS 5Y AVG
+428.41%
CURRENT VS 10Y AVG
+416.00%
CURRENT VS 15Y AVG
+479.09%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
577.1%
Earnings Payout Ratio
N/A
Dividend Yield
4.66%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($5.18B) | $1.16B | N/A (Loss) |
| 2024 | ($2.34B) | $1.01B | N/A (Loss) |
| 2023 | ($961.31M) | $1.01B | N/A (Loss) |
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 |
|---|---|
| 2021-06-30 | 577.08% |
| 2021-03-31 | 123.42% |
| 2020-12-31 | 80.81% |
| 2020-09-30 | 90.94% |
| 2020-06-30 | 68.80% |
| 2020-03-31 | 65.03% |
| 2019-12-31 | 66.87% |
| 2019-09-30 | 52.43% |
| 2019-06-30 | 64.01% |
| 2019-03-31 | 71.37% |
| 2018-12-31 | 78.26% |
| 2018-09-30 | 94.59% |
| 2018-08-03 | 110.39% |
| 2018-03-31 | 115.30% |
| 2017-12-31 | 113.57% |
| 2017-09-30 | 131.41% |
| 2017-06-30 | 134.74% |
| 2017-03-31 | 178.10% |
| 2016-12-31 | 215.66% |
| 2016-09-30 | 239.09% |
| 2016-06-30 | 219.31% |
| 2016-03-31 | 182.85% |
| 2015-12-31 | 162.38% |
| 2015-09-30 | 130.05% |
| 2015-06-30 | 118.94% |
| 2015-03-31 | 100.00% |
| 2014-12-31 | 97.28% |
| 2014-09-30 | 90.74% |
| 2014-06-30 | 75.12% |
| 2014-03-31 | 73.10% |
| 2013-12-31 | 70.92% |
| 2013-09-30 | 162.68% |
| 2012-09-30 | 376.19% |
| 2012-06-30 | 67.88% |
| 2012-03-31 | 48.75% |
| 2011-12-31 | 39.22% |
| 2011-09-30 | 34.01% |
| 2011-06-30 | 258.12% |
| 2009-06-30 | 95.28% |
| 2009-03-31 | 88.69% |
| 2008-12-31 | 82.97% |
| 2008-09-30 | 81.98% |
| 2008-06-30 | 95.52% |
| 2008-03-31 | 87.68% |
| 2007-12-31 | 64.74% |
| 2007-09-30 | 54.78% |
| 2006-09-30 | 779.61% |
| 2006-06-30 | 104.55% |
| 2006-03-31 | 156.98% |
| 2005-12-31 | 233.60% |
| 2005-09-30 | 275.57% |
| 2005-06-30 | 268.36% |
| 2005-03-31 | 145.08% |
| 2004-12-31 | 91.21% |
| 2004-09-30 | 122.32% |
| 2004-06-30 | 136.56% |
| 2004-03-31 | 188.77% |
| 2003-09-30 | 768.06% |
| 2022 |
| ($460.02M) |
| $878.75M |
| N/A (Loss) |
| 2021 | ($1.22B) | $846.49M | N/A (Loss) |
| 2020 | $893.85M | $864.37M | 96.7% |
| 2019 | $1.04B | $743.90M | 71.5% |
| 2018 | $823.73M | $645.32M | 78.3% |
| 2017 | $593.61M | $665.09M | 112.0% |
| 2016 | $259.84M | $552.28M | 212.5% |
| 2015 | $411.69M | $424.59M | 103.1% |
| 2014 | $490.13M | $457.71M | 93.4% |
| 2013 | $504.28M | $366.58M | 72.7% |
| 2012 | $36.14M | $363.44M | n/m |
| 2011 | ($403.24M) | $105.91M | N/A (Loss) |
| 2010 | ($15.60M) | $136.06M | N/A (Loss) |
| 2009 | ($234.56M) | $83.70M | N/A (Loss) |
| 2008 | $66.39M | $48.88M | 73.6% |
| 2007 | $28.31M | $61.14M | 216.0% |
| 2006 | $1.98M | $51.49M | n/m |
| 2005 | $21.72M | $50.16M | 231.0% |
| 2004 | $54.56M | $48.35M | 88.6% |
| 2003 | ($1.50M) | $52.12M | N/A (Loss) |
| 2002 | ($809.92M) | $30.27M | N/A (Loss) |
| 2001 | ($29.15M) | $15.23M | N/A (Loss) |
| 2000 | $17.99M | $13.64M | 75.8% |
| 1999 | ($438.12M) | $0 | 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.
