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 240.31% is 32% above its 3-year average of 181.44%, around the middle of its 3-year range (87.87%–512.53%).
As of the fiscal period ended Thursday, December 31, 2020.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
240.31%
FCF PAYOUT RATIO AVG TTM
N/A
FCF PAYOUT RATIO AVG 3Y
144.65%
FCF PAYOUT RATIO AVG 5Y
181.44%
FCF PAYOUT RATIO AVG 10Y
159.96%
FCF PAYOUT RATIO AVG 15Y
157.01%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
+66.13%
CURRENT VS 5Y AVG
+32.45%
CURRENT VS 10Y AVG
+50.23%
CURRENT VS 15Y AVG
+53.06%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
240.3%
Earnings Payout Ratio
74.2%
Dividend Yield
3.30%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($751.70M) | $613.10M | N/A (Loss) |
| 2024 | ($352.90M) | $596.70M | N/A (Loss) |
| 2023 | ($353.80M) | $569.60M | 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 |
|---|---|
| 2020-12-31 | 240.31% |
| 2019-09-30 | 88.57% |
| 2019-06-30 | 91.45% |
| 2019-03-31 | 135.58% |
| 2018-12-31 | 110.96% |
| 2018-09-30 | 87.87% |
| 2018-06-30 | 262.88% |
| 2018-03-31 | 133.27% |
| 2017-12-31 | 150.97% |
| 2017-09-30 | 512.53% |
| 2015-09-30 | 266.74% |
| 2010-12-31 | 190.97% |
| 2010-09-30 | 119.49% |
| 2010-06-30 | 266.15% |
| 2010-03-31 | 598.86% |
| 2005-12-31 | 52.87% |
| 2005-09-30 | 60.63% |
| 2005-06-30 | 56.34% |
| 2005-03-31 | 37.94% |
| 2004-12-31 | 34.14% |
| 2004-09-30 | 149.36% |
| 2004-03-31 | 275.38% |
| 2003-12-31 | 372.69% |
| 2003-09-30 | 35.14% |
| 2003-06-30 | 25.26% |
| 2003-03-31 | 27.43% |
| 2022 | ($364.60M) | $534.80M | N/A (Loss) |
| 2021 | ($620.80M) | $497.90M | N/A (Loss) |
| 2020 | $193.50M | $465.00M | 240.3% |
| 2019 | $226.70M | $462.50M | 204.0% |
| 2018 | $428.10M | $475.00M | 111.0% |
| 2017 | $147.79M | $223.12M | 151.0% |
| 2016 | ($264.55M) | $204.34M | N/A (Loss) |
| 2015 | $14.31M | $186.12M | n/m |
| 2014 | ($27.70M) | $171.51M | N/A (Loss) |
| 2013 | ($77.30M) | $162.90M | N/A (Loss) |
| 2012 | ($211.10M) | $158.18M | N/A (Loss) |
| 2011 | ($234.75M) | $138.23M | N/A (Loss) |
| 2010 | $67.63M | $129.15M | 191.0% |
| 2009 | ($76.73M) | $122.94M | N/A (Loss) |
| 2008 | ($662.35M) | $109.58M | N/A (Loss) |
| 2007 | ($501.34M) | $89.47M | N/A (Loss) |
| 2006 | ($88.87M) | $80.89M | N/A (Loss) |
| 2005 | $141.08M | $74.59M | 52.9% |
| 2004 | $164.59M | $56.19M | 34.1% |
| 2003 | $15.49M | $57.73M | 372.7% |
| 2002 | $237.38M | $86.70M | 36.5% |
| 2001 | ($11.62M) | $85.55M | N/A (Loss) |
| 2000 | ($21.93M) | $98.83M | N/A (Loss) |
| 1999 | $97.50M | $145.00M | 148.7% |
| 1998 | $217.30M | $144.10M | 66.3% |
| 1997 | ($296.50M) | $141.70M | N/A (Loss) |
| 1996 | $75.80M | $147.00M | 193.9% |
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.
