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 2.47% is 97% below its 5-year average of 76.33%, near the low end of its 5-year range (0.01%–367.61%).
As of the fiscal period ended Sunday, September 30, 2018. 35.99% below its 12-month average of 3.85%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
2.47%
FCF PAYOUT RATIO AVG TTM
3.85%
FCF PAYOUT RATIO AVG 3Y
3.70%
FCF PAYOUT RATIO AVG 5Y
15.32%
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
-35.99%
CURRENT VS 3Y AVG
-33.25%
CURRENT VS 5Y AVG
-83.90%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
2.5%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
14.27%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.58B | $0 | 0.0% |
| 2024 | $1.26B | $0 | 0.0% |
| 2023 | $970.20M | $0 | 0.0% |
| 2022 | $919.60M | $0 | 0.0% |
| 2021 | $576.10M | $0 | 0.0% |
| 2020 | $683.10M | $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 |
|---|---|
| 2018-09-30 | 2.47% |
| 2018-06-30 | 2.64% |
| 2018-03-31 | 3.55% |
| 2017-12-31 | 5.88% |
| 2017-09-30 | 4.73% |
| 2017-06-30 | 5.06% |
| 2017-03-31 | 6.14% |
| 2016-12-31 | 5.81% |
| 2016-09-30 | 3.95% |
| 2016-06-30 | 4.55% |
| 2016-03-31 | 2.82% |
| 2015-12-31 | 0.44% |
| 2015-09-30 | 0.01% |
| 2015-06-30 | 0.41% |
| 2015-03-31 | 244.94% |
| 2014-12-31 | 309.76% |
| 2014-09-30 | 367.61% |
| 2014-06-30 | 359.11% |
| 2014-03-31 | 97.17% |
| 2013-12-31 | 99.54% |
| 0.0% |
| 2019 | $631.10M | $0 | 0.0% |
| 2018 | $462.80M | $0 | 0.0% |
| 2017 | $340.40M | $0 | 0.0% |
| 2016 | $323.70M | $18.80M | 5.8% |
| 2015 | $180.10M | $0.80M | 0.4% |
| 2014 | $112.67M | $348.96M | 309.7% |
| 2013 | $101.22M | $0 | 0.0% |
| 2012 | $61.88M | $0 | 0.0% |
| 2011 | $77.14M | $0 | 0.0% |
