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 108.04% is 73% below its 5-year average of 406.86%, near the low end of its 5-year range (91.67%–871.64%).
As of the fiscal period ended Sunday, September 30, 2018. 73.56% below its 12-month average of 408.68%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
108.04%
FCF PAYOUT RATIO AVG TTM
408.68%
FCF PAYOUT RATIO AVG 3Y
431.54%
FCF PAYOUT RATIO AVG 5Y
406.86%
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
-73.56%
CURRENT VS 3Y AVG
-74.96%
CURRENT VS 5Y AVG
-73.45%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
108.0%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
7.20%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $2.05B | $0 | 0.0% |
| 2024 | $2.11B | $0 | 0.0% |
| 2023 | $1.50B | $0 | 0.0% |
| 2022 | $1.59B | $0 | 0.0% |
| 2021 | $2.30B | $0 | 0.0% |
| 2020 | $1.34B | $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 | 108.04% |
| 2018-06-30 | 299.09% |
| 2018-03-31 | 373.08% |
| 2017-09-30 | 854.50% |
| 2017-06-30 | 758.53% |
| 2017-03-31 | 871.64% |
| 2016-12-31 | 91.67% |
| 2015-09-30 | 95.77% |
| 2015-06-30 | 141.32% |
| 2015-03-31 | 135.14% |
| 2014-12-31 | 121.74% |
| 2014-09-30 | 649.68% |
| 2014-06-30 | 565.17% |
| 2014-03-31 | 664.83% |
| 2013-12-31 | 679.60% |
| 2013-09-30 | 99.89% |
| 2013-06-30 | 158.94% |
| 2013-03-31 | 110.90% |
| 2012-12-31 | 214.80% |
| 0.0% |
| 2019 | $835.00M | $0 | 0.0% |
| 2018 | $795.00M | $0 | 0.0% |
| 2017 | $601.00M | $0 | 0.0% |
| 2016 | $696.00M | $0 | 0.0% |
| 2015 | $397.30M | $0 | 0.0% |
| 2014 | $349.10M | $0 | 0.0% |
| 2013 | $305.02M | $0 | 0.0% |
| 2012 | $264.37M | $567.85M | 214.8% |
| 2011 | $85.27M | $288.32M | 338.1% |
| 2010 | $297.92M | $67.49M | 22.7% |
