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 0.69% is 94% below its 5-year average of 11.10%, near the low end of its 5-year range (0.35%–62.90%).
As of the fiscal period ended Wednesday, June 30, 2021. 39.92% above its 12-month average of 0.49%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
0.69%
FCF PAYOUT RATIO AVG TTM
0.49%
FCF PAYOUT RATIO AVG 3Y
2.24%
FCF PAYOUT RATIO AVG 5Y
8.37%
FCF PAYOUT RATIO AVG 10Y
13.03%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+39.92%
CURRENT VS 3Y AVG
-69.12%
CURRENT VS 5Y AVG
-91.74%
CURRENT VS 10Y AVG
-94.69%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
0.7%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
11.72%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $10.77B | $0 | 0.0% |
| 2024 | $7.06B | $0 | 0.0% |
| 2023 | $4.63B | $0 | 0.0% |
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 |
|---|---|
| 2021-06-30 | 0.69% |
| 2021-03-31 | 0.35% |
| 2020-12-31 | 0.36% |
| 2020-09-30 | 0.49% |
| 2020-06-30 | 0.58% |
| 2020-03-31 | 4.93% |
| 2019-12-31 | 0.91% |
| 2019-09-30 | 0.66% |
| 2019-06-30 | 0.50% |
| 2018-12-31 | 4.97% |
| 2018-09-30 | 10.18% |
| 2018-06-30 | 31.66% |
| 2018-03-31 | 62.90% |
| 2017-12-31 | 13.65% |
| 2017-09-30 | 12.20% |
| 2017-06-30 | 8.91% |
| 2017-03-31 | 11.42% |
| 2016-12-31 | 21.63% |
| 2016-09-30 | 13.13% |
| 2016-06-30 | 21.87% |
| 2016-03-31 | 18.20% |
| 2015-12-31 | 13.35% |
| 2015-09-30 | 19.66% |
| 2015-06-30 | 16.39% |
| 2015-03-31 | 17.15% |
| 2014-12-31 | 17.52% |
| 2014-09-30 | 28.69% |
| 2014-06-30 | 33.44% |
| 2014-03-31 | 117.01% |
| 2013-12-31 | 83.94% |
| 2013-09-30 | 22.75% |
| 2013-06-30 | 22.07% |
| 2013-03-31 | 14.39% |
| 2012-12-31 | 14.76% |
| 2012-09-30 | 17.42% |
| 2012-06-30 | 15.62% |
| 2012-03-31 | 19.28% |
| 2011-12-31 | 15.09% |
| 2011-09-30 | 10.40% |
| 2011-06-30 | 6.73% |
| 2022 |
| $2.48B |
| $0 |
| 0.0% |
| 2021 | $355.55M | $0 | 0.0% |
| 2020 | $935.41M | $3.36M | 0.4% |
| 2019 | $314.22M | $2.84M | 0.9% |
| 2018 | $133.15M | $6.62M | 5.0% |
| 2017 | $194.13M | $26.50M | 13.6% |
| 2016 | $112.89M | $24.42M | 21.6% |
| 2015 | $157.09M | $20.97M | 13.4% |
| 2014 | $161.51M | $28.30M | 17.5% |
| 2013 | $28.30M | $23.75M | 83.9% |
| 2012 | $121.75M | $17.97M | 14.8% |
| 2011 | $70.22M | $10.59M | 15.1% |
| 2010 | $54.27M | $0 | 0.0% |
| 2009 | $44.95M | $0 | 0.0% |
| 2008 | $49.58M | $0 | 0.0% |
| 2007 | $3.68M | $0 | 0.0% |
| 2006 | $3.71M | $0 | 0.0% |
| 2005 | $1.43M | $0 | 0.0% |
| 2004 | ($3.42M) | $0 | N/A (Loss) |
| 2003 | ($0.90M) | $0 | N/A (Loss) |
| 2002 | $0.00M | $0 | N/A (Loss) |
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.
