FCF Payout Ratio: 352.68%
Is the FCF payout ratio high or low?
The FCF payout ratio of 352.68% is 20% above its 5-year average of 292.87%, near the high end of its 5-year range (213.88%–386.62%).
23.53% above its 12-month average of 285.49%.
DTE FCF Payout Ratio
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
DTE Average FCF Payout Ratio Chart
DTE Current vs Average FCF Payout Ratio Chart
DTE FCF Payout Ratio Metrics
FCF PAYOUT RATIO
352.68%
FCF PAYOUT RATIO AVG TTM
285.49%
FCF PAYOUT RATIO AVG 3Y
319.20%
FCF PAYOUT RATIO AVG 5Y
292.87%
FCF PAYOUT RATIO AVG 10Y
245.88%
FCF PAYOUT RATIO AVG 15Y
160.40%
FCF PAYOUT RATIO AVG 20Y
154.08%
CURRENT VS TTM AVG
+23.53%
CURRENT VS 3Y AVG
+10.49%
CURRENT VS 5Y AVG
+20.42%
CURRENT VS 10Y AVG
+43.43%
CURRENT VS 15Y AVG
+119.88%
CURRENT VS 20Y AVG
+128.89%
Payout Ratio Comparison
FCF Payout Ratio TTM
352.7%
Earnings Payout Ratio
64.9%
Dividend Yield
3.00%
FCF Yield
N/A
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($1.00B) | $871.00M | N/A (Loss) |
| 2024 | ($824.00M) | $810.00M | N/A (Loss) |
| 2023 | ($714.00M) | $752.00M | N/A (Loss) |
| 2022 | ($1.40B) | $685.00M | N/A (Loss) |
| 2021 | ($705.00M) | $791.00M | N/A (Loss) |
| 2020 | ($160.00M) | $760.00M | N/A (Loss) |
| 2019 | ($348.00M) | $692.00M | N/A (Loss) |
| 2018 | ($33.00M) | $620.00M | N/A (Loss) |
| 2017 | ($133.00M) | $592.00M | N/A (Loss) |
| 2016 | $39.00M | $531.00M | n/m |
| 2015 | ($104.00M) | $501.00M | N/A (Loss) |
| 2014 | ($210.00M) | $470.00M | N/A (Loss) |
| 2013 | $278.00M | $445.00M | 160.1% |
| 2012 | $389.00M | $407.00M | 104.6% |
| 2011 | $524.00M | $389.00M | 74.2% |
| 2010 | $726.00M | $360.00M | 49.6% |
| 2009 | $784.00M | $348.00M | 44.4% |
| 2008 | $186.00M | $344.00M | 184.9% |
| 2007 | ($174.00M) | $364.00M | N/A (Loss) |
| 2006 | $53.00M | $365.00M | 688.7% |
| 2005 | ($64.00M) | $360.00M | N/A (Loss) |
| 2004 | $91.00M | $354.00M | 389.0% |
| 2003 | $199.00M | $346.00M | 173.9% |
| 2002 | ($10.00M) | $338.00M | N/A (Loss) |
| 2001 | ($285.00M) | $325.00M | N/A (Loss) |
| 2000 | $431.00M | $319.00M | 74.0% |
| 1999 | $358.00M | $299.00M | 83.5% |
| 1998 | $313.00M | $299.00M | 95.5% |
| 1997 | $339.00M | $299.00M | 88.2% |
| 1996 | $548.10M | $298.90M | 54.5% |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
FCF Payout Ratio Formula & Definition
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
FCF Payout Ratio FAQ
- What is the FCF payout ratio for DTE Energy Company (DTE)?
- The FCF payout ratio for DTE stock is 352.68%.
- Is DTE Energy Company's FCF payout ratio high or low?
- The FCF payout ratio of 352.68% is 20% above its 5-year average of 292.87%, near the high end of its 5-year range (213.88%–386.62%).
- What is the TTM average FCF payout ratio for DTE Energy Company (DTE)?
- The TTM average FCF payout ratio for DTE stock is 285.49%.
- What is the 3Y average FCF payout ratio for DTE Energy Company (DTE)?
- The 3Y average FCF payout ratio for DTE stock is 319.20%.
- What is the 5Y average FCF payout ratio for DTE Energy Company (DTE)?
- The 5Y average FCF payout ratio for DTE stock is 292.87%.
- What is the 10Y average FCF payout ratio for DTE Energy Company (DTE)?
- The 10Y average FCF payout ratio for DTE stock is 245.88%.
- What is the 15Y average FCF payout ratio for DTE Energy Company (DTE)?
- The 15Y average FCF payout ratio for DTE stock is 160.40%.
- What is the 20Y average FCF payout ratio for DTE Energy Company (DTE)?
- The 20Y average FCF payout ratio for DTE stock is 154.08%.
DTE FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2021-06-30 | 352.68% |
| 2021-03-31 | 218.31% |
| 2018-09-30 | 386.62% |
| 2016-09-30 | 213.88% |
| 2015-09-30 | 745.45% |
| 2015-06-30 | 612.66% |
| 2015-03-31 | 490.72% |
| 2014-03-31 | 463.27% |
| 2013-12-31 | 160.07% |
| 2013-09-30 | 192.92% |
| 2013-06-30 | 98.60% |
| 2013-03-31 | 110.37% |
| 2012-12-31 | 104.63% |
| 2012-09-30 | 69.69% |
| 2012-06-30 | 98.03% |
| 2012-03-31 | 131.00% |
| 2011-12-31 | 74.24% |
| 2011-09-30 | 78.05% |
| 2011-06-30 | 70.57% |
| 2011-03-31 | 61.17% |
| 2010-12-31 | 49.59% |
| 2010-09-30 | 56.94% |
| 2010-06-30 | 47.95% |
| 2010-03-31 | 41.22% |
| 2009-12-31 | 44.39% |
| 2009-09-30 | 33.95% |
| 2009-03-31 | 252.94% |
| 2008-12-31 | 184.95% |
| 2008-06-30 | 105.76% |
| 2008-03-31 | 269.70% |
| 2007-06-30 | 158.12% |
| 2006-12-31 | 688.68% |
| 2006-09-30 | 191.62% |
| 2005-06-30 | 164.52% |
| 2005-03-31 | 174.15% |
| 2004-12-31 | 389.01% |
| 2004-09-30 | 70.12% |
| 2004-06-30 | 82.51% |
| 2004-03-31 | 92.04% |
| 2003-12-31 | 167.96% |
| 2003-03-31 | 239.44% |
About DTE Energy Company
DTE Energy Company, established in 1903 and based in Detroit, Michigan, is primarily engaged in utility services. Its Electric division is responsible for generating, acquiring, delivering, and selling electricity to approximately 2.3 million customers—including households, businesses, and industrial clients—across southeastern Michigan. This power is sourced from diverse facilities, encompassing fossil fuel, pumped-storage hydroelectric, nuclear, wind, and other renewable energy assets. The infrastructure supporting this includes around 698 distribution substations and 449,800 line transformers. The Gas division manages the procurement, storage, transmission, distribution, and sale of natural gas to roughly 1.3 million residential, commercial, and industrial customers statewide in Michigan. This segment also provides natural gas storage and transportation capacity. Its extensive network features approximately 20,000 miles of distribution mains, 1,304,000 service pipelines, 1,305,000 active meters, and about 2,000 miles of transmission pipelines. Through its Power and Industrial Projects segment, DTE Energy supplies metallurgical coke, along with pulverized coal and petroleum coke, to the steel, pulp and paper, and other industrial sectors. This segment also delivers essential services such as power, steam, and chilled water production, wastewater treatment, and compressed air to various industrial clients. Finally, the Energy Trading segment focuses on the marketing and trading of power, natural gas, and environmental commodities. It also undertakes structured transactions and works to optimize its contracted natural gas pipeline transportation and storage assets.
- Sector
- Utilities
- Industry
- Regulated Electric
- CEO
- Joi Harris