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 952.38% is 66% above its 5-year average of 572.51%, near the high end of its 5-year range (132.77%–952.38%).
As of the fiscal period ended Sunday, September 30, 2018. 29.82% above its 12-month average of 733.62%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
952.38%
FCF PAYOUT RATIO AVG TTM
733.62%
FCF PAYOUT RATIO AVG 3Y
642.37%
FCF PAYOUT RATIO AVG 5Y
572.51%
FCF PAYOUT RATIO AVG 10Y
342.07%
FCF PAYOUT RATIO AVG 15Y
155.29%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+29.82%
CURRENT VS 3Y AVG
+48.26%
CURRENT VS 5Y AVG
+66.35%
CURRENT VS 10Y AVG
+178.42%
CURRENT VS 15Y AVG
+513.30%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
952.4%
Earnings Payout Ratio
63.0%
Dividend Yield
2.99%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($1.59B) | $663.00M | N/A (Loss) |
| 2024 | ($648.00M) | $626.00M | N/A (Loss) |
| 2023 | ($910.00M) | $579.00M | 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 |
|---|---|
| 2018-09-30 | 952.38% |
| 2018-06-30 | 186.26% |
| 2018-03-31 | 853.33% |
| 2017-12-31 | 942.50% |
| 2017-06-30 | 786.96% |
| 2015-09-30 | 132.77% |
| 2015-06-30 | 352.27% |
| 2013-12-31 | 687.50% |
| 2013-09-30 | 258.65% |
| 2013-06-30 | 240.37% |
| 2013-03-31 | 352.05% |
| 2011-12-31 | 86.48% |
| 2011-09-30 | 78.65% |
| 2011-06-30 | 60.82% |
| 2011-03-31 | 61.99% |
| 2010-12-31 | 128.57% |
| 2010-09-30 | 37.24% |
| 2010-06-30 | 56.90% |
| 2010-03-31 | 325.64% |
| 2009-09-30 | 260.00% |
| 2007-03-31 | 88.00% |
| 2006-12-31 | 61.11% |
| 2006-06-30 | 37.93% |
| 2005-12-31 | 20.75% |
| 2005-09-30 | 2.01% |
| 2005-06-30 | 50.00% |
| 2004-12-31 | 5.66% |
| 2022 |
| ($1.52B) |
| $546.00M |
| N/A (Loss) |
| 2021 | ($257.00M) | $509.00M | N/A (Loss) |
| 2020 | ($1.03B) | $467.00M | N/A (Loss) |
| 2019 | ($314.00M) | $436.00M | N/A (Loss) |
| 2018 | ($371.00M) | $407.00M | N/A (Loss) |
| 2017 | $40.00M | $377.00M | 942.5% |
| 2016 | ($43.00M) | $347.00M | N/A (Loss) |
| 2015 | $76.00M | $322.00M | 423.7% |
| 2014 | ($130.00M) | $295.00M | N/A (Loss) |
| 2013 | $96.00M | $273.00M | 284.4% |
| 2012 | $14.00M | $252.00M | n/m |
| 2011 | $287.00M | $211.00M | 73.5% |
| 2010 | $138.00M | $162.00M | 117.4% |
| 2009 | $30.00M | $125.00M | 416.7% |
| 2008 | ($233.00M) | $95.00M | N/A (Loss) |
| 2007 | ($1.35B) | $56.00M | N/A (Loss) |
| 2006 | $18.00M | $11.00M | 61.1% |
| 2005 | $6.00M | $11.00M | 183.3% |
| 2004 | ($127.00M) | $11.00M | N/A (Loss) |
| 2003 | ($786.00M) | $0 | N/A (Loss) |
| 2002 | ($133.00M) | $149.00M | N/A (Loss) |
| 2001 | ($845.00M) | $189.00M | N/A (Loss) |
| 2000 | ($579.00M) | $167.00M | N/A (Loss) |
| 1999 | ($207.00M) | $163.00M | N/A (Loss) |
| 1998 | ($779.00M) | $140.00M | N/A (Loss) |
| 1997 | ($54.00M) | $119.00M | N/A (Loss) |
| 1996 | $2.00M | $103.00M | n/m |
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.
