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 284.37% is 338% above its 5-year average of 64.97%, near the high end of its 5-year range (31.01%–284.37%).
As of the fiscal period ended Monday, September 30, 2024. 132.03% above its 12-month average of 122.56%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
284.37%
FCF PAYOUT RATIO AVG TTM
122.56%
FCF PAYOUT RATIO AVG 3Y
54.56%
FCF PAYOUT RATIO AVG 5Y
50.96%
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
+132.03%
CURRENT VS 3Y AVG
+421.16%
CURRENT VS 5Y AVG
+458.08%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
284.4%
Earnings Payout Ratio
N/A
Dividend Yield
4.85%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($1.45B) | $1.49B | N/A (Loss) |
| 2024 | ($151.00M) | $1.97B | N/A (Loss) |
| 2023 | $2.72B | $1.97B | 72.5% |
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 |
|---|---|
| 2024-09-30 | 284.37% |
| 2024-06-30 | 111.89% |
| 2024-03-31 | 82.08% |
| 2023-12-31 | 71.92% |
| 2023-09-30 | 62.53% |
| 2023-06-30 | 55.19% |
| 2023-03-31 | 47.09% |
| 2022-12-31 | 37.03% |
| 2022-09-30 | 36.70% |
| 2022-06-30 | 32.07% |
| 2022-03-31 | 31.01% |
| 2021-12-31 | 43.26% |
| 2021-09-30 | 44.01% |
| 2021-06-30 | 55.20% |
| 2021-03-31 | 60.77% |
| 2020-12-31 | 42.80% |
| 2020-09-30 | 42.40% |
| 2020-06-30 | 43.21% |
| 2020-03-31 | 53.51% |
| 2019-12-31 | 52.65% |
| 2019-09-30 | 74.74% |
| 2019-06-30 | 154.24% |
| 2019-03-31 | 112.69% |
| 2018-12-31 | 283.28% |
| 2022 |
| $5.42B |
| $2.01B |
| 37.0% |
| 2021 | $5.51B | $2.07B | 37.6% |
| 2020 | $4.84B | $2.07B | 42.8% |
| 2019 | $3.96B | $2.08B | 52.7% |
| 2018 | $2.12B | $3.71B | 175.3% |
| 2017 | ($7.92B) | $3.23B | N/A (Loss) |
| 2016 | ($6.95B) | $2.46B | N/A (Loss) |
| 2015 | $3.90B | $2.25B | 57.7% |
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.
