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 245.10% is 139% above its 5-year average of 102.44%, near the high end of its 5-year range (33.26%–245.10%).
As of the fiscal period ended Saturday, September 30, 2017. 122.08% above its 12-month average of 110.37%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
245.10%
FCF PAYOUT RATIO AVG TTM
110.37%
FCF PAYOUT RATIO AVG 3Y
68.82%
FCF PAYOUT RATIO AVG 5Y
102.44%
FCF PAYOUT RATIO AVG 10Y
94.10%
FCF PAYOUT RATIO AVG 15Y
82.03%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+122.08%
CURRENT VS 3Y AVG
+256.14%
CURRENT VS 5Y AVG
+139.26%
CURRENT VS 10Y AVG
+160.46%
CURRENT VS 15Y AVG
+198.78%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
245.1%
Earnings Payout Ratio
71.1%
Dividend Yield
3.91%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($197.77M) | $77.31M | N/A (Loss) |
| 2024 | ($194.12M) | $72.85M | N/A (Loss) |
| 2023 | ($47.40M) | $67.34M | 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 |
|---|---|
| 2017-09-30 | 245.10% |
| 2017-06-30 | 116.85% |
| 2017-03-31 | 71.63% |
| 2016-12-31 | 62.33% |
| 2016-09-30 | 55.92% |
| 2016-06-30 | 52.48% |
| 2016-03-31 | 54.06% |
| 2015-12-31 | 74.20% |
| 2015-09-30 | 95.66% |
| 2015-06-30 | 208.72% |
| 2014-12-31 | 52.42% |
| 2014-09-30 | 52.67% |
| 2014-06-30 | 43.87% |
| 2014-03-31 | 33.26% |
| 2013-12-31 | 131.33% |
| 2013-09-30 | 159.43% |
| 2013-06-30 | 173.44% |
| 2013-03-31 | 181.42% |
| 2012-12-31 | 130.42% |
| 2012-09-30 | 53.64% |
| 2012-06-30 | 37.61% |
| 2012-03-31 | 32.67% |
| 2011-12-31 | 35.12% |
| 2011-09-30 | 65.96% |
| 2011-06-30 | 222.57% |
| 2010-03-31 | 510.31% |
| 2009-12-31 | 40.31% |
| 2009-09-30 | 92.06% |
| 2008-06-30 | 122.46% |
| 2008-03-31 | 109.03% |
| 2007-12-31 | 59.03% |
| 2007-09-30 | 51.57% |
| 2007-06-30 | 45.63% |
| 2007-03-31 | 39.93% |
| 2006-12-31 | 74.39% |
| 2006-09-30 | 293.58% |
| 2005-09-30 | 114.23% |
| 2005-06-30 | 103.08% |
| 2004-06-30 | 70.26% |
| 2004-03-31 | 61.30% |
| 2003-12-31 | 33.27% |
| 2003-09-30 | 33.94% |
| 2003-06-30 | 33.18% |
| 2022 |
| ($190.93M) |
| $62.77M |
| N/A (Loss) |
| 2021 | ($133.54M) | $55.92M | N/A (Loss) |
| 2020 | ($135.58M) | $55.42M | N/A (Loss) |
| 2019 | ($56.27M) | $53.34M | N/A (Loss) |
| 2018 | ($45.87M) | $51.31M | N/A (Loss) |
| 2017 | ($6.62M) | $53.96M | N/A (Loss) |
| 2016 | $82.64M | $51.51M | 62.3% |
| 2015 | $66.37M | $49.24M | 74.2% |
| 2014 | $95.56M | $50.09M | 52.4% |
| 2013 | $37.47M | $49.20M | 131.3% |
| 2012 | $36.81M | $48.01M | 130.4% |
| 2011 | $132.93M | $46.69M | 35.1% |
| 2010 | ($122.04M) | $44.65M | N/A (Loss) |
| 2009 | $105.21M | $42.41M | 40.3% |
| 2008 | ($69.28M) | $40.18M | N/A (Loss) |
| 2007 | $65.41M | $38.61M | 59.0% |
| 2006 | $51.49M | $38.30M | 74.4% |
| 2005 | ($17.04M) | $36.38M | N/A (Loss) |
| 2004 | ($44.31M) | $35.10M | N/A (Loss) |
| 2003 | ($20.42M) | $33.05M | N/A (Loss) |
| 2002 | $41.67M | $34.60M | 83.0% |
| 2001 | $71.52M | $33.72M | 47.1% |
| 2000 | $6.80M | $33.66M | 495.4% |
| 1999 | $108.50M | $33.10M | 30.5% |
| 1998 | $66.90M | $32.20M | 48.1% |
| 1997 | $45.80M | $30.00M | 65.5% |
| 1996 | $89.90M | $29.60M | 32.9% |
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.
