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 35.26% is 36% below its 2-year average of 54.87%, near the low end of its 2-year range (33.08%–90.46%).
As of the fiscal period ended Thursday, September 30, 2010. 29.68% below its 12-month average of 50.14%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
35.26%
FCF PAYOUT RATIO AVG TTM
50.14%
FCF PAYOUT RATIO AVG 3Y
N/A
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
-29.68%
CURRENT VS 3Y AVG
N/A
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
35.3%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
2.45%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $2.49B | $0 | 0.0% |
| 2024 | $1.30B | $0 | 0.0% |
| 2023 | $749.60M | $0 | 0.0% |
| 2022 | $958.40M | $0 | 0.0% |
| 2021 | $1.74B | $0 | 0.0% |
| 2020 | $1.14B | $0 | 0.0% |
| 2019 | $1.17B | $0 | 0.0% |
| 2018 |
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 |
|---|---|
| 2010-09-30 | 35.26% |
| 2010-06-30 | 33.08% |
| 2010-03-31 | 40.72% |
| 2009-12-31 | 90.46% |
| 2009-09-30 | 51.19% |
| 2009-06-30 | 59.31% |
| 2009-03-31 | 74.08% |
| $982.20M |
| $0 |
| 0.0% |
| 2017 | $953.20M | $0 | 0.0% |
| 2016 | $989.00M | $0 | 0.0% |
| 2015 | $690.90M | $0 | 0.0% |
| 2014 | $559.50M | $0 | 0.0% |
| 2013 | $775.40M | $0 | 0.0% |
| 2012 | $672.40M | $0 | 0.0% |
| 2011 | $594.70M | $0 | 0.0% |
| 2010 | $432.00M | $0 | 0.0% |
| 2009 | $331.64M | $0 | 0.0% |
| 2008 | $172.26M | $0 | 0.0% |
| 2007 | $181.68M | $0 | 0.0% |
| 2006 | $81.79M | $0 | 0.0% |
| 2005 | $40.73M | $0 | 0.0% |
| 2004 | $7.88M | $0 | 0.0% |
| 2003 | ($10.38M) | $0 | N/A (Loss) |
| 2002 | ($19.94M) | $0 | N/A (Loss) |
| 2001 | ($24.08M) | $0 | N/A (Loss) |
| 2000 | ($16.36M) | $0 | N/A (Loss) |
| 1999 | ($16.86M) | $0 | N/A (Loss) |
