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 15.33% is 27% above its 4-year average of 12.03%, around the middle of its 4-year range (3.73%–35.25%).
As of the fiscal period ended Sunday, March 31, 2024. 0.30% below its 12-month average of 15.38%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
15.33%
FCF PAYOUT RATIO AVG TTM
15.38%
FCF PAYOUT RATIO AVG 3Y
8.75%
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
-0.30%
CURRENT VS 3Y AVG
+75.18%
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
15.3%
Earnings Payout Ratio
30.0%
Dividend Yield
1.30%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($13.53B) | $2.02B | N/A (Loss) |
| 2024 | $4.94B | $1.32B | 26.7% |
| 2023 | $6.71B | $559.78M | 8.3% |
| 2022 | $6.29B | $44.29M | 0.7% |
| 2021 | $4.43B | $66.64M | 1.5% |
| 2020 | $5.15B | $25.08M | 0.5% |
| 2019 | ($845.25M) | $79.92M | N/A (Loss) |
| 2018 | ($773.45M) | $569.63M | N/A (Loss) |
| 2017 | ($1.29B) | $483.55M | N/A (Loss) |
| 2016 | ($2.15B) | $454.60M | N/A (Loss) |
| 2015 | ($1.30B) | $271.45M | N/A (Loss) |
| 2014 | ($1.38B) | $284.91M | N/A (Loss) |
| 2013 | ($549.42M) | $205.06M | N/A (Loss) |
| 2012 | $193.31M | $188.09M | 97.3% |
| 2011 | ($543.96M) | $167.55M | N/A (Loss) |
| 2010 | ($1.53B) | $175.41M | N/A (Loss) |
| 2009 | $684.31M | $44.20M | 6.5% |
| 2008 | ($676.04M) | $180.35M | N/A (Loss) |
| 2007 | ($502.74M) | $29.44M | N/A (Loss) |
| 2006 | ($65.57M) | $31.17M | N/A (Loss) |
| 2005 | ($49.07M) | $55.62M | N/A (Loss) |
| 2004 | ($227.61M) | $33.41M | N/A (Loss) |
| 2003 | ($30.14M) | $18.53M | N/A (Loss) |
| 2002 | $9.10M | $17.77M | 195.3% |
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 |
|---|---|
| 2024-03-31 | 15.33% |
| 2023-12-31 | 16.36% |
| 2023-09-30 | 35.25% |
| 2023-06-30 | 3.73% |
| 2023-03-31 | 6.22% |
| 2022-12-31 | 4.24% |
| 2022-09-30 | 3.98% |
| 2022-06-30 | 5.33% |
| 2022-03-31 | 7.31% |
| 2021-12-31 | 8.49% |
| 2021-09-30 | 10.93% |
| 2021-06-30 | 11.73% |
| 2021-03-31 | 11.38% |
| 2020-12-31 | 10.55% |
| 2020-09-30 | 15.38% |
| 2020-06-30 | 26.33% |
