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 5.89% is 49% below its 3-year average of 11.65%, near the low end of its 3-year range (3.56%–386.97%).
As of the fiscal period ended Friday, September 30, 2022. 2.73% below its 12-month average of 6.05%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
5.89%
FCF PAYOUT RATIO AVG TTM
6.05%
FCF PAYOUT RATIO AVG 3Y
11.65%
FCF PAYOUT RATIO AVG 5Y
N/A
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
-2.73%
CURRENT VS 3Y AVG
-49.45%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
5.9%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
36.90%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $388.80M | $0 | 0.0% |
| 2024 | $301.10M | $0 | 0.0% |
| 2023 | $408.40M | $0 | 0.0% |
| 2022 | $388.10M | $0 | 0.0% |
| 2021 | $275.80M | $19.90M | 7.2% |
| 2020 | $152.80M | $9.90M |
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 |
|---|---|
| 2022-09-30 | 5.89% |
| 2022-06-30 | 6.60% |
| 2022-03-31 | 6.96% |
| 2021-12-31 | 7.22% |
| 2021-09-30 | 3.61% |
| 2021-06-30 | 3.56% |
| 2021-03-31 | 4.56% |
| 2020-12-31 | 17.28% |
| 2020-09-30 | 15.93% |
| 2020-06-30 | 44.90% |
| 2020-03-31 | 208.86% |
| 2019-12-31 | 356.82% |
| 2019-09-30 | 386.97% |
| 6.5% |
| 2019 | $30.80M | $16.50M | 53.6% |
| 2018 | $39.20M | $93.40M | 238.3% |
