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 0.06% is 100% below its 5-year average of 27.55%, near the low end of its 5-year range (0.06%–110.56%).
As of the fiscal period ended Saturday, September 30, 2023. 73.84% below its 12-month average of 0.25%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
0.06%
FCF PAYOUT RATIO AVG TTM
0.25%
FCF PAYOUT RATIO AVG 3Y
0.51%
FCF PAYOUT RATIO AVG 5Y
27.55%
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
-73.84%
CURRENT VS 3Y AVG
-87.30%
CURRENT VS 5Y AVG
-99.77%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
0.1%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
14.51%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.67B | $0 | 0.0% |
| 2024 | $1.21B | $0 | 0.0% |
| 2023 | $1.77B | $0 | 0.0% |
| 2022 | $1.00B | $4.05M | 0.4% |
| 2021 | $882.73M | $4.79M | 0.5% |
| 2020 | ($1.76B) | $77.61M | N/A (Loss) |
| 2019 | $1.07B | $271.29M | 25.3% |
| 2018 | $235.70M | $260.59M | 110.6% |
| 2017 | $342.33M | $252.01M | 73.6% |
| 2016 | ($728.50M) | $0 | N/A (Loss) |
| 2015 | ($461.74M) | $0 | N/A (Loss) |
| 2014 | $173.63M | $0 | 0.0% |
| 2013 | $748.32M | $0 | 0.0% |
| 2012 | $486.59M | $0 | 0.0% |
| 2011 | $373.88M | $0 | 0.0% |
| 2010 | $296.52M | $0 | 0.0% |
| 2009 | $451.06M | $0 | 0.0% |
| 2008 | ($28.72M) | $0 | N/A (Loss) |
| 2007 | ($1.92B) | $0 | N/A (Loss) |
| 2006 | ($666.64M) | $0 | N/A (Loss) |
| 2005 | $422.85M | $0 | 0.0% |
| 2004 | $126.39M | $0 | 0.0% |
| 2003 | $137.50M | $0 | 0.0% |
| 2002 | $527.92M | $0 | 0.0% |
| 2001 | $465.81M | $0 | 0.0% |
| 2000 | $481.06M | $11.34M | 2.4% |
| 1999 | ($85.40M) | $0 | N/A (Loss) |
| 1998 | ($190.20M) | $0 | N/A (Loss) |
| 1997 | ($43.80M) | $0 | N/A (Loss) |
| 1996 | $160.40M | $0 | 0.0% |
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 |
|---|---|
| 2023-09-30 | 0.06% |
| 2023-06-30 | 0.16% |
| 2023-03-31 | 0.24% |
| 2022-12-31 | 0.41% |
| 2022-09-30 | 0.35% |
| 2022-06-30 | 0.32% |
| 2022-03-31 | 0.34% |
| 2021-12-31 | 0.54% |
| 2021-09-30 | 2.13% |
| 2020-03-31 | 76.75% |
| 2019-12-31 | 25.32% |
| 2019-09-30 | 28.64% |
| 2019-06-30 | 40.81% |
| 2019-03-31 | 89.50% |
| 2018-12-31 | 110.56% |
| 2018-09-30 | 64.70% |
| 2018-06-30 | 51.05% |
| 2018-03-31 | 46.53% |
| 2017-12-31 | 73.62% |
