Basis: Trailing twelve months (TTM). 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 1485.41% is 1056% above its 4-year average of 128.47%, near the high end of its 4-year range (24.27%–1485.41%).
1137.96% above its 12-month average of 119.99%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q1 FY2023 (2023-03-31): 99.24%.
FCF PAYOUT RATIO
1485.41%
FCF PAYOUT RATIO AVG TTM
119.99%
FCF PAYOUT RATIO AVG 3Y
161.12%
FCF PAYOUT RATIO AVG 5Y
128.47%
FCF PAYOUT RATIO AVG 10Y
128.47%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+1137.96%
CURRENT VS 3Y AVG
+821.94%
CURRENT VS 5Y AVG
+1056.21%
CURRENT VS 10Y AVG
+1056.21%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
1485.4%
Earnings Payout Ratio
154.6%
Dividend Yield
1.84%
FCF Yield
0.13%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($51.06M) | $14.67M | N/A (Loss) |
| 2024 | ($98.42M) | $19.54M | N/A (Loss) |
| 2023 | ($76.18M) | $19.51M | N/A (Loss) |
| 2022 | $42.87M | $19.56M | 45.6% |
| 2021 | ($28.09M) | $54.73M | N/A (Loss) |
| 2020 | $16.55M | $52.37M |
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 |
|---|---|
| 2023-03-31 | 99.24% |
| 2022-12-31 | 45.64% |
| 2022-09-30 | 133.80% |
| 2022-06-30 | 201.28% |
| 2021-03-31 | 170.27% |
| 2020-12-31 | 316.49% |
| 2019-06-30 | 36.80% |
| 2019-03-31 | 24.27% |
| 2011-12-31 | 135.13% |
| 2011-09-30 | 20.14% |
| 316.5% |
| 2019 | ($32.94M) | $42.09M | N/A (Loss) |
| 2018 | ($17.90M) | $5.46M | N/A (Loss) |
| 2017 | ($34.67M) | $4.36M | N/A (Loss) |
| 2016 | ($28.79M) | $3.25M | N/A (Loss) |
| 2015 | ($59.41M) | $3.34M | N/A (Loss) |
| 2014 | ($80.56M) | $3.34M | N/A (Loss) |
| 2013 | ($31.65M) | $2.77M | N/A (Loss) |
| 2012 | ($49.81M) | $18.68M | N/A (Loss) |
| 2011 | $1.30M | $1.76M | 135.1% |
| 2010 | ($56.78M) | $0.88M | N/A (Loss) |
| 2009 | ($31.10M) | $0 | N/A (Loss) |
| 2008 | $7.79M | $0 | 0.0% |
| 2007 | ($15.90M) | $0 | N/A (Loss) |
| 2006 | ($49.58M) | $0 | N/A (Loss) |
| 2005 | ($48.97M) | $0 | N/A (Loss) |
| 2004 | ($56.21M) | $0 | N/A (Loss) |
| 2003 | ($16.04M) | $0 | N/A (Loss) |
| 2002 | ($1.88M) | $0 | N/A (Loss) |
| 2001 | $8.11M | $0 | 0.0% |
| 2000 | ($29.28M) | $0 | N/A (Loss) |
| 1999 | ($36.02M) | $0 | N/A (Loss) |
| 1998 | ($19.32M) | $0 | N/A (Loss) |
| 1997 | ($10.14M) | $0 | N/A (Loss) |
| 1996 | ($26.79M) | $0 | N/A (Loss) |
