Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 151.62% as of the fiscal period ended Tuesday, September 30, 2025.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
151.62%
FCF PAYOUT RATIO AVG TTM
N/A
FCF PAYOUT RATIO AVG 3Y
N/A
FCF PAYOUT RATIO AVG 5Y
N/A
FCF PAYOUT RATIO AVG 10Y
263.07%
FCF PAYOUT RATIO AVG 15Y
131.38%
FCF PAYOUT RATIO AVG 20Y
124.29%
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
-42.36%
CURRENT VS 15Y AVG
+15.41%
CURRENT VS 20Y AVG
+21.99%
FCF Payout Ratio TTM
151.6%
Earnings Payout Ratio
66.2%
Dividend Yield
2.78%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($1.31B) | $521.00M | N/A (Loss) |
| 2024 | ($1.08B) | $492.00M | N/A (Loss) |
| 2023 | ($987.00M) | $456.00M | N/A (Loss) |
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 |
|---|---|
| 2025-09-30 | 151.62% |
| 2015-12-31 | 299.03% |
| 2015-09-30 | 338.56% |
| 2015-06-30 | 119.27% |
| 2015-03-31 | 127.12% |
| 2014-03-31 | 989.55% |
| 2013-12-31 | 217.20% |
| 2013-09-30 | 23.94% |
| 2013-06-30 | 22.21% |
| 2013-03-31 | 22.95% |
| 2012-12-31 | 25.59% |
| 2012-09-30 | 141.88% |
| 2012-06-30 | 362.28% |
| 2012-03-31 | 133.03% |
| 2011-12-31 | 216.60% |
| 2011-09-30 | 47.98% |
| 2011-06-30 | 46.29% |
| 2011-03-31 | 42.54% |
| 2010-12-31 | 48.65% |
| 2010-09-30 | 109.39% |
| 2010-06-30 | 60.56% |
| 2010-03-31 | 52.34% |
| 2009-12-31 | 28.03% |
| 2009-09-30 | 65.22% |
| 2009-06-30 | 235.14% |
| 2007-12-31 | 305.98% |
| 2007-09-30 | 90.70% |
| 2007-06-30 | 42.28% |
| 2007-03-31 | 27.79% |
| 2006-12-31 | 33.33% |
| 2006-09-30 | 84.33% |
| 2006-06-30 | 164.40% |
| 2005-12-31 | 322.49% |
| 2005-09-30 | 92.74% |
| 2022 |
| ($998.00M) |
| $428.00M |
| N/A (Loss) |
| 2021 | ($587.00M) | $403.00M | N/A (Loss) |
| 2020 | ($865.00M) | $377.00M | N/A (Loss) |
| 2019 | ($979.70M) | $337.70M | N/A (Loss) |
| 2018 | ($1.11B) | $312.20M | N/A (Loss) |
| 2017 | ($483.50M) | $288.30M | N/A (Loss) |
| 2016 | ($337.20M) | $266.50M | N/A (Loss) |
| 2015 | ($163.10M) | $247.30M | N/A (Loss) |
| 2014 | ($11.20M) | $225.80M | N/A (Loss) |
| 2013 | ($67.30M) | $208.30M | N/A (Loss) |
| 2012 | ($317.00M) | $199.30M | N/A (Loss) |
| 2011 | $29.30M | $204.90M | 699.3% |
| 2010 | $118.00M | $193.30M | 163.8% |
| 2009 | ($545.50M) | $184.20M | N/A (Loss) |
| 2008 | ($559.50M) | $173.00M | N/A (Loss) |
| 2007 | $46.80M | $143.20M | 306.0% |
| 2006 | $13.60M | $134.40M | 988.2% |
| 2005 | $1.90M | $121.90M | n/m |
| 2004 | ($135.20M) | $114.00M | N/A (Loss) |
| 2003 | ($376.50M) | $101.31M | N/A (Loss) |
| 2002 | ($112.75M) | $180.99M | N/A (Loss) |
| 2001 | ($338.07M) | $158.23M | N/A (Loss) |
| 2000 | ($634.62M) | $158.13M | N/A (Loss) |
| 1999 | ($55.44M) | $156.49M | N/A (Loss) |
| 1998 | $95.70M | $140.70M | 147.0% |
| 1997 | $135.40M | $145.60M | 107.5% |
| 1996 | $49.20M | $60.70M | 123.4% |
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.
