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 382.93% is 11% below its 1-year average of 428.12%, near the low end of its 1-year range (382.93%–473.32%).
As of the fiscal period ended Tuesday, June 30, 2026. 10.56% below its 12-month average of 428.12%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 382.93%.
FCF PAYOUT RATIO
382.93%
FCF PAYOUT RATIO AVG TTM
428.12%
FCF PAYOUT RATIO AVG 3Y
428.12%
FCF PAYOUT RATIO AVG 5Y
428.12%
FCF PAYOUT RATIO AVG 10Y
381.62%
FCF PAYOUT RATIO AVG 15Y
305.68%
FCF PAYOUT RATIO AVG 20Y
233.97%
CURRENT VS TTM AVG
-10.56%
CURRENT VS 3Y AVG
-10.56%
CURRENT VS 5Y AVG
-10.56%
CURRENT VS 10Y AVG
+0.34%
CURRENT VS 15Y AVG
+25.27%
CURRENT VS 20Y AVG
+63.67%
FCF Payout Ratio TTM
382.9%
Earnings Payout Ratio
79.8%
Dividend Yield
4.50%
FCF Yield
1.18%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($45.10M) | $1.10B | N/A (Loss) |
| 2024 | ($2.32B) | $1.01B | N/A (Loss) |
| 2023 | ($2.69B) | $926.51M | 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 |
|---|---|
| 2026-06-30 | 382.93% |
| 2026-03-31 | 473.32% |
| 2016-12-31 | 288.62% |
| 2014-09-30 | 124.24% |
| 2014-06-30 | 153.04% |
| 2014-03-31 | 176.51% |
| 2013-12-31 | 227.53% |
| 2013-09-30 | 586.69% |
| 2013-06-30 | 356.37% |
| 2013-03-31 | 651.18% |
| 2011-09-30 | 175.07% |
| 2011-06-30 | 72.66% |
| 2011-03-31 | 75.28% |
| 2010-12-31 | 133.89% |
| 2010-09-30 | 151.75% |
| 2010-06-30 | 211.08% |
| 2010-03-31 | 101.55% |
| 2009-12-31 | 207.41% |
| 2009-09-30 | 313.50% |
| 2004-09-30 | 253.68% |
| 2004-06-30 | 30.99% |
| 2004-03-31 | 67.80% |
| 2003-12-31 | 190.34% |
| 2003-09-30 | 95.59% |
| 2022 |
| ($1.04B) |
| $867.55M |
| N/A (Loss) |
| 2021 | ($1.21B) | $812.96M | N/A (Loss) |
| 2020 | ($1.26B) | $752.18M | N/A (Loss) |
| 2019 | ($901.91M) | $670.76M | N/A (Loss) |
| 2018 | ($739.39M) | $647.63M | N/A (Loss) |
| 2017 | ($343.17M) | $609.60M | N/A (Loss) |
| 2016 | $198.19M | $572.00M | 288.6% |
| 2015 | ($300.11M) | $537.31M | N/A (Loss) |
| 2014 | $31.73M | $482.75M | n/m |
| 2013 | $206.75M | $470.42M | 227.5% |
| 2012 | ($311.04M) | $382.08M | N/A (Loss) |
| 2011 | ($106.34M) | $200.11M | N/A (Loss) |
| 2010 | $138.99M | $186.10M | 133.9% |
| 2009 | $80.97M | $167.94M | 207.4% |
| 2008 | ($605.99M) | $129.08M | N/A (Loss) |
| 2007 | ($866.39M) | $120.99M | N/A (Loss) |
| 2006 | ($465.11M) | $112.75M | N/A (Loss) |
| 2005 | ($334.15M) | $87.55M | N/A (Loss) |
| 2004 | ($126.75M) | $85.74M | N/A (Loss) |
| 2003 | $41.32M | $78.65M | 190.3% |
| 2002 | $143.80M | $73.35M | 51.0% |
| 2001 | ($65.85M) | $68.17M | N/A (Loss) |
| 2000 | $164.36M | $71.52M | 43.5% |
| 1999 | $284.60M | $36.00M | 12.6% |
| 1998 | $454.70M | $26.40M | 5.8% |
| 1997 | $136.90M | $62.40M | 45.6% |
| 1996 | $578.10M | $210.10M | 36.3% |
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.
