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 0.79% is 20% below its 5-year average of 0.99%, near the low end of its 5-year range (0.55%–2.21%).
As of the fiscal period ended Wednesday, July 31, 2024. 43.16% below its 12-month average of 1.39%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
0.79%
FCF PAYOUT RATIO AVG TTM
1.39%
FCF PAYOUT RATIO AVG 3Y
0.92%
FCF PAYOUT RATIO AVG 5Y
0.99%
FCF PAYOUT RATIO AVG 10Y
0.66%
FCF PAYOUT RATIO AVG 15Y
0.66%
FCF PAYOUT RATIO AVG 20Y
0.85%
CURRENT VS TTM AVG
-43.16%
CURRENT VS 3Y AVG
-14.15%
CURRENT VS 5Y AVG
-19.88%
CURRENT VS 10Y AVG
+20.06%
CURRENT VS 15Y AVG
+19.89%
CURRENT VS 20Y AVG
-7.23%
FCF Payout Ratio TTM
0.8%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
4.15%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $433.70M | $0 | 0.0% |
| 2024 | $288.10M | $0 | 0.0% |
| 2023 | $215.00M | $3.00M | 1.4% |
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 |
|---|---|
| 2024-07-31 | 0.79% |
| 2024-04-30 | 1.23% |
| 2024-01-31 | 2.21% |
| 2023-10-31 | 1.40% |
| 2023-07-31 | 1.35% |
| 2023-04-30 | 0.77% |
| 2023-01-31 | 0.71% |
| 2022-10-31 | 0.67% |
| 2022-07-31 | 0.57% |
| 2022-04-30 | 0.62% |
| 2022-01-31 | 0.55% |
| 2021-10-31 | 0.57% |
| 2021-07-31 | 0.57% |
| 2021-04-30 | 0.73% |
| 2021-01-31 | 1.45% |
| 2020-10-31 | 1.70% |
| 2020-07-31 | 1.67% |
| 2020-04-30 | 1.28% |
| 2020-01-31 | 0.65% |
| 2019-10-31 | 0.71% |
| 2019-07-31 | 0.58% |
| 2019-04-30 | 0.52% |
| 2019-01-31 | 0.55% |
| 2018-10-31 | 0.61% |
| 2018-07-31 | 0.65% |
| 2018-04-30 | 0.76% |
| 2018-01-31 | 0.80% |
| 2017-10-31 | 0.62% |
| 2017-07-31 | 0.65% |
| 2017-04-30 | 0.68% |
| 2017-01-31 | 0.37% |
| 2016-10-31 | 0.41% |
| 2016-07-31 | 0.59% |
| 2016-04-30 | 0.82% |
| 2016-01-31 | 0.82% |
| 2015-10-31 | 0.99% |
| 2015-07-31 | 0.75% |
| 2015-04-30 | 0.67% |
| 2015-01-31 | 0.65% |
| 2014-10-31 | 0.67% |
| 2014-07-31 | 0.72% |
| 2014-04-30 | 0.68% |
| 2014-01-31 | 0.65% |
| 2013-10-31 | 0.62% |
| 2013-07-31 | 0.59% |
| 2013-04-30 | 0.62% |
| 2013-01-31 | 0.68% |
| 2012-10-31 | 0.67% |
| 2012-07-31 | 0.68% |
| 2012-04-30 | 0.63% |
| 2012-01-31 | 0.68% |
| 2011-10-31 | 0.62% |
| 2011-07-31 | 0.74% |
| 2011-04-30 | 0.78% |
| 2011-01-31 | 0.70% |
| 2010-10-31 | 0.71% |
| 2010-07-31 | 0.62% |
| 2010-04-30 | 0.62% |
| 2010-01-31 | 1.49% |
| 2009-10-31 | 2.10% |
| 2009-07-31 | 1.52% |
| 2009-04-30 | 5.23% |
| 2009-01-31 | 12.53% |
| 2006-10-31 | 34.02% |
| 2006-07-31 | 29.14% |
| 2006-04-30 | 21.67% |
| 2006-01-31 | 13.82% |
| 2005-10-31 | 3.96% |
| 2005-07-31 | 1.93% |
| 2005-04-30 | 1.16% |
| 2005-01-31 | 1.14% |
| 2004-10-31 | 3.20% |
| 2004-07-31 | 3.49% |
| 2004-04-30 | 4.27% |
| 2004-01-31 | 4.11% |
| 2003-10-31 | 4.27% |
| 2003-07-31 | 5.59% |
| 2003-04-30 | 4.63% |
| 2022 |
| $450.40M |
| $3.00M |
| 0.7% |
| 2021 | $524.20M | $3.00M | 0.6% |
| 2020 | $176.20M | $3.00M | 1.7% |
| 2019 | $421.10M | $3.00M | 0.7% |
| 2018 | $475.30M | $2.90M | 0.6% |
| 2017 | $466.40M | $2.90M | 0.6% |
| 2016 | $357.00M | $2.90M | 0.8% |
| 2015 | $147.95M | $2.91M | 2.0% |
| 2014 | $216.76M | $2.88M | 1.3% |
| 2013 | $237.80M | $2.92M | 1.2% |
| 2012 | $215.34M | $2.86M | 1.3% |
| 2011 | $232.62M | $2.82M | 1.2% |
| 2010 | $193.91M | $2.73M | 1.4% |
| 2009 | $129.22M | $2.71M | 2.1% |
| 2008 | ($28.36M) | $2.70M | N/A (Loss) |
| 2007 | ($49.64M) | $2.68M | N/A (Loss) |
| 2006 | $7.85M | $2.67M | 34.0% |
| 2005 | $66.75M | $2.31M | 3.5% |
| 2004 | $60.69M | $1.94M | 3.2% |
| 2003 | $45.68M | $1.95M | 4.3% |
| 2002 | $32.51M | $1.53M | 4.7% |
| 2001 | $8.63M | $1.04M | 12.0% |
| 2000 | $1.92M | $1.13M | 59.1% |
| 1999 | $17.60M | $0.60M | 3.4% |
| 1998 | ($42.50M) | $0 | N/A (Loss) |
| 1997 | $3.90M | $0 | 0.0% |
| 1996 | $0.30M | $0 | 0.0% |
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.
