HP Inc. (HPQ) FCF Payout Ratio: 37.02%
Is HP Inc.’s FCF payout ratio high or low?
HP Inc.'s FCF payout ratio of 37.02% is 24% above its 5-year average of 29.82%, near the high end of its 5-year range (16.10%–38.86%).
The FCF payout ratio for HP Inc. (HPQ) is 37.02%. It is above its 12-month average by 1.55% (36.45%).
HPQ FCF Payout Ratio Chart
HPQ Average FCF Payout Ratio Chart
HPQ Current vs Average FCF Payout Ratio Chart
HPQ FCF Payout Ratio Metrics
FCF PAYOUT RATIO
37.02%
FCF PAYOUT RATIO AVG TTM
36.45%
FCF PAYOUT RATIO AVG 3Y
34.04%
FCF PAYOUT RATIO AVG 5Y
29.82%
FCF PAYOUT RATIO AVG 10Y
29.74%
FCF PAYOUT RATIO AVG 15Y
24.33%
FCF PAYOUT RATIO AVG 20Y
21.07%
CURRENT VS TTM AVG
+1.55%
CURRENT VS 3Y AVG
+8.75%
CURRENT VS 5Y AVG
+24.13%
CURRENT VS 10Y AVG
+24.48%
CURRENT VS 15Y AVG
+52.13%
CURRENT VS 20Y AVG
+75.70%
Payout Ratio Comparison
FCF Payout Ratio
37.0%
Earnings Payout Ratio
55.4%
Dividend Yield
5.90%
FCF Yield
16.31%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $2.80B | $1.09B | 38.9% |
| 2024 | $3.16B | $1.07B | 34.1% |
| 2023 | $2.96B | $1.04B | 35.0% |
| 2022 | $3.67B | $1.04B | 28.2% |
| 2021 | $5.83B | $938.00M | 16.1% |
| 2020 | $3.74B | $997.00M | 26.7% |
| 2019 | $3.98B | $970.00M | 24.4% |
| 2018 | $3.98B | $899.00M | 22.6% |
| 2017 | $3.27B | $894.00M | 27.3% |
| 2016 | $2.80B | $858.00M | 30.7% |
| 2015 | $2.89B | $1.25B | 43.3% |
| 2014 | $8.48B | $1.18B | 14.0% |
| 2013 | $8.41B | $1.10B | 13.1% |
| 2012 | $6.87B | $1.01B | 14.8% |
| 2011 | $8.10B | $844.00M | 10.4% |
| 2010 | $7.79B | $771.00M | 9.9% |
| 2009 | $9.68B | $766.00M | 7.9% |
| 2008 | $11.60B | $796.00M | 6.9% |
| 2007 | $6.58B | $846.00M | 12.9% |
| 2006 | $8.82B | $894.00M | 10.1% |
| 2005 | $6.03B | $926.00M | 15.3% |
| 2004 | $2.96B | $972.00M | 32.8% |
| 2003 | $4.06B | $977.00M | 24.1% |
| 2002 | $3.73B | $801.00M | 21.5% |
| 2001 | $1.03B | $621.00M | 60.1% |
| 2000 | $2.69B | $638.00M | 23.7% |
| 1999 | $1.90B | $650.00M | 34.2% |
| 1998 | $3.44B | $625.00M | 18.1% |
| 1997 | $1.98B | $532.00M | 26.8% |
| 1996 | $1.25B | $450.00M | 35.9% |
Formula: FCF Payout Ratio = Dividends Paid / 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.
HP Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
HP Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for HP Inc. (HPQ)?
- The FCF payout ratio for HPQ stock is 37.02%.
- Is HP Inc.'s FCF payout ratio high or low?
- HP Inc.'s FCF payout ratio of 37.02% is 24% above its 5-year average of 29.82%, near the high end of its 5-year range (16.10%–38.86%).
- What is the TTM average FCF payout ratio for HP Inc. (HPQ)?
- The TTM average FCF payout ratio for HPQ stock is 36.45%.
- What is the 3Y average FCF payout ratio for HP Inc. (HPQ)?
- The 3Y average FCF payout ratio for HPQ stock is 34.04%.
- What is the 5Y average FCF payout ratio for HP Inc. (HPQ)?
- The 5Y average FCF payout ratio for HPQ stock is 29.82%.
- What is the 10Y average FCF payout ratio for HP Inc. (HPQ)?
- The 10Y average FCF payout ratio for HPQ stock is 29.74%.
- What is the 15Y average FCF payout ratio for HP Inc. (HPQ)?
- The 15Y average FCF payout ratio for HPQ stock is 24.33%.
- What is the 20Y average FCF payout ratio for HP Inc. (HPQ)?
- The 20Y average FCF payout ratio for HPQ stock is 21.07%.
HP Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-10-31 | 38.86% |
| 2024-10-31 | 34.05% |
| 2023-10-31 | 35.01% |
| 2022-10-31 | 28.24% |
| 2021-10-31 | 16.10% |
| 2020-10-31 | 26.69% |
| 2019-10-31 | 24.35% |
| 2018-10-31 | 22.58% |
| 2017-10-31 | 27.30% |
| 2016-10-31 | 30.68% |
| 2015-10-31 | 43.30% |
| 2014-10-31 | 13.96% |
| 2013-10-31 | 13.14% |
| 2012-10-31 | 14.79% |
| 2011-10-31 | 10.42% |
| 2010-10-31 | 9.90% |
| 2009-10-31 | 7.91% |
| 2008-10-31 | 6.86% |
| 2007-10-31 | 12.87% |
| 2006-10-31 | 10.14% |
| 2005-10-31 | 15.35% |
| 2004-10-31 | 32.82% |
| 2003-10-31 | 24.05% |
| 2002-10-31 | 21.45% |
| 2001-10-31 | 60.06% |
| 2000-10-31 | 23.74% |
| 1999-10-31 | 34.21% |
| 1998-10-31 | 18.14% |
| 1997-10-31 | 26.83% |
| 1996-10-31 | 35.86% |
About HP Inc.
HP Inc. is a global technology company specializing in personal computing devices, imaging and printing solutions, and a variety of related technologies, software, and support services, serving clients both in the United States and worldwide. Its operations are structured into three main divisions: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers a broad array of computing hardware, including desktop and laptop personal computers for both business and individual consumers, along with specialized workstations, thin clients, commercial mobile devices, retail point-of-sale systems, displays, and various peripherals. This division also encompasses essential software, support, and associated services. The Printing division focuses on delivering printer hardware for both general consumers and commercial clients, alongside a full suite of supplies, comprehensive print solutions, and related services. Finally, the Corporate Investments segment is dedicated to fostering innovation through HP Labs, incubating new business ventures, and managing various investment projects. HP's extensive client base spans individual end-users, small and medium-sized enterprises (SMEs), and major corporations, reaching diverse sectors such as government, healthcare, and education. Established in 1939, the company initially operated as Hewlett-Packard Company before rebranding to HP Inc. in October 2015. Its corporate headquarters are located in Palo Alto, California.
- Sector
- Technology
- Industry
- Computer Hardware
- CEO
- Bruce Dale Broussard