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 127.95% is 133% above its 5-year average of 54.81%, near the low end of its 5-year range (7.35%–571.10%).
As of the fiscal period ended Monday, March 31, 2025. 27.62% below its 12-month average of 176.77%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
127.95%
FCF PAYOUT RATIO AVG TTM
176.77%
FCF PAYOUT RATIO AVG 3Y
28.26%
FCF PAYOUT RATIO AVG 5Y
20.15%
FCF PAYOUT RATIO AVG 10Y
43.71%
FCF PAYOUT RATIO AVG 15Y
48.88%
FCF PAYOUT RATIO AVG 20Y
45.33%
CURRENT VS TTM AVG
-27.62%
CURRENT VS 3Y AVG
+352.72%
CURRENT VS 5Y AVG
+535.11%
CURRENT VS 10Y AVG
+192.76%
CURRENT VS 15Y AVG
+161.76%
CURRENT VS 20Y AVG
+182.30%
FCF Payout Ratio TTM
128.0%
Earnings Payout Ratio
51.8%
Dividend Yield
3.86%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($534.60M) | $280.40M | N/A (Loss) |
| 2024 | $47.40M | $270.70M | 571.1% |
| 2023 | $1.00B | $351.60M | 35.0% |
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 |
|---|---|
| 2025-03-31 | 127.95% |
| 2024-12-31 | 571.10% |
| 2024-09-30 | 89.35% |
| 2024-06-30 | 57.83% |
| 2024-03-31 | 37.65% |
| 2023-12-31 | 34.99% |
| 2023-09-30 | 22.27% |
| 2023-06-30 | 18.58% |
| 2023-03-31 | 13.45% |
| 2022-12-31 | 7.35% |
| 2022-09-30 | 8.93% |
| 2022-06-30 | 8.93% |
| 2022-03-31 | 11.57% |
| 2021-12-31 | 11.54% |
| 2021-09-30 | 13.87% |
| 2021-06-30 | 12.61% |
| 2021-03-31 | 14.70% |
| 2020-12-31 | 18.40% |
| 2020-09-30 | 15.32% |
| 2020-06-30 | 13.07% |
| 2020-03-31 | 41.60% |
| 2019-03-31 | 14.80% |
| 2018-12-31 | 8.46% |
| 2018-09-30 | 4.86% |
| 2018-06-30 | 18.75% |
| 2017-12-31 | 182.50% |
| 2017-09-30 | 645.24% |
| 2017-03-31 | 122.36% |
| 2016-12-31 | 91.04% |
| 2016-09-30 | 128.57% |
| 2016-06-30 | 88.61% |
| 2016-03-31 | 94.63% |
| 2015-12-31 | 47.65% |
| 2015-09-30 | 40.24% |
| 2015-06-30 | 34.93% |
| 2015-03-31 | 28.64% |
| 2014-12-31 | 31.03% |
| 2014-09-30 | 41.15% |
| 2014-06-30 | 129.96% |
| 2014-03-31 | 187.07% |
| 2013-05-31 | 142.58% |
| 2013-02-28 | 65.20% |
| 2012-11-30 | 48.66% |
| 2012-08-31 | 25.66% |
| 2012-05-31 | 11.20% |
| 2012-02-29 | 9.90% |
| 2011-11-30 | 9.36% |
| 2011-08-31 | 6.30% |
| 2011-05-31 | 3.85% |
| 2011-02-28 | 5.51% |
| 2010-11-30 | 60.68% |
| 2010-08-31 | 83.81% |
| 2010-05-31 | 145.02% |
| 2010-02-28 | 201.97% |
| 2009-08-31 | 289.18% |
| 2009-05-31 | 19.26% |
| 2009-02-28 | 5.36% |
| 2008-11-30 | 2.35% |
| 2008-08-31 | 1.01% |
| 2008-05-31 | 0.00% |
| 2008-02-29 | 0.01% |
| 2007-11-30 | 0.01% |
| 2007-08-31 | 0.01% |
| 2007-02-28 | 0.80% |
| 2006-11-30 | 6.30% |
| 2005-11-30 | 352.94% |
| 2005-08-31 | 116.50% |
| 2005-05-31 | 54.34% |
| 2004-08-31 | 302.94% |
| 2022 |
| $2.69B |
| $197.70M |
| 7.4% |
| 2021 | $898.40M | $103.70M | 11.5% |
| 2020 | $412.00M | $75.80M | 18.4% |
| 2019 | ($176.80M) | $67.20M | N/A (Loss) |
| 2018 | $457.30M | $38.50M | 8.4% |
| 2017 | $115.40M | $210.60M | 182.5% |
| 2016 | $423.00M | $385.10M | 91.0% |
| 2015 | $807.30M | $384.70M | 47.7% |
| 2014 | $1.36B | $382.50M | 28.0% |
| 2013 | $299.20M | $288.40M | 96.4% |
| 2013 | $192.51M | $366.00M | 190.1% |
| 2012 | $1.07B | $89.30M | 8.4% |
| 2011 | $1.16B | $0 | 0.0% |
| 2010 | $445.40M | $0 | 0.0% |
| 2009 | $461.50M | $0 | 0.0% |
| 2008 | $2.17B | $0 | 0.0% |
| 2007 | $415.80M | $0 | 0.0% |
| 2006 | ($110.00M) | $10.30M | N/A (Loss) |
| 2005 | $78.50M | $0 | 0.0% |
| 2003 | ($80.90M) | $9.50M | N/A (Loss) |
| 2002 | ($133.20M) | $9.20M | N/A (Loss) |
| 2001 | ($279.90M) | $17.50M | N/A (Loss) |
| 2000 | $245.30M | $26.30M | 10.7% |
| 1999 | $200.90M | $36.60M | 18.2% |
| 1998 | ($491.80M) | $36.60M | N/A (Loss) |
| 1997 | $169.30M | $30.10M | 17.8% |
| 1997 | $319.40M | $29.70M | 9.3% |
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.
