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 4.40% is 88% below its 4-year average of 37.01%, near the low end of its 4-year range (4.40%–167.08%).
As of the fiscal period ended Tuesday, June 30, 2020. 73.54% below its 12-month average of 16.62%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
4.40%
FCF PAYOUT RATIO AVG TTM
16.62%
FCF PAYOUT RATIO AVG 3Y
18.15%
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
-73.54%
CURRENT VS 3Y AVG
-75.77%
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
4.4%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
10.28%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $659.20M | $0 | 0.0% |
| 2024 | $923.14M | $0 | 0.0% |
| 2023 | $814.82M | $0 | 0.0% |
| 2022 | $498.95M | $0 | 0.0% |
| 2021 | $511.25M | $0 | 0.0% |
| 2020 | $224.87M | $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.
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 |
|---|---|
| 2020-06-30 | 4.40% |
| 2020-03-31 | 11.20% |
| 2019-12-31 | 11.18% |
| 2019-09-30 | 29.07% |
| 2019-06-30 | 27.27% |
| 2019-03-31 | 27.56% |
| 2018-12-31 | 20.57% |
| 2018-09-30 | 13.05% |
| 2018-06-30 | 13.65% |
| 2018-03-31 | 14.21% |
| 2017-12-31 | 15.50% |
| 2017-09-30 | 16.53% |
| 2017-06-30 | 31.80% |
| 2017-03-31 | 47.76% |
| 2016-12-31 | 68.34% |
| 2016-09-30 | 167.08% |
| 2016-06-30 | 109.99% |
| 0.0% |
| 2019 | $53.38M | $2.98M | 5.6% |
| 2018 | $102.18M | $21.02M | 20.6% |
| 2017 | $85.15M | $12.00M | 14.1% |
| 2016 | $17.56M | $12.00M | 68.3% |
| 2015 | ($8.79M) | $11.90M | N/A (Loss) |
| 2014 | ($68.68M) | $8.23M | N/A (Loss) |
| 2013 | $14.64M | $0 | 0.0% |
| 2012 | $67.30M | $0 | 0.0% |
| 2011 | $100.74M | $0 | 0.0% |
| 2010 | $59.17M | $0 | 0.0% |
| 2009 | $34.08M | $0 | 0.0% |
| 2008 | $6.64M | $0 | 0.0% |
| 2007 | ($64.97M) | $0 | N/A (Loss) |
| 2006 | ($16.70M) | $0.17M | N/A (Loss) |
| 2005 | ($1.03M) | $0.28M | N/A (Loss) |
| 2004 | ($0.77M) | $0 | N/A (Loss) |
| 2003 | ($0.76M) | $0 | N/A (Loss) |
