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 103.32% is 108% above its 5-year average of 49.64%, near the high end of its 5-year range (22.22%–103.32%).
As of the fiscal period ended Sunday, December 31, 2017. 98.97% above its 12-month average of 51.93%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
103.32%
FCF PAYOUT RATIO AVG TTM
51.93%
FCF PAYOUT RATIO AVG 3Y
32.88%
FCF PAYOUT RATIO AVG 5Y
49.64%
FCF PAYOUT RATIO AVG 10Y
49.69%
FCF PAYOUT RATIO AVG 15Y
51.07%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+98.97%
CURRENT VS 3Y AVG
+214.25%
CURRENT VS 5Y AVG
+108.16%
CURRENT VS 10Y AVG
+107.95%
CURRENT VS 15Y AVG
+102.33%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
103.3%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
4.32%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $207.85M | $0 | 0.0% |
| 2024 | $96.08M | $0 | 0.0% |
| 2023 | $109.23M | $0 | 0.0% |
| 2022 | $39.84M | $0 | 0.0% |
| 2021 | $175.12M | $0 | 0.0% |
| 2020 | $75.96M | $0 | 0.0% |
| 2019 | $9.88M | $0 | 0.0% |
| 2018 | ($72.90M) | $0 | N/A (Loss) |
| 2017 | $42.80M | $44.22M | 103.3% |
| 2016 | $228.13M | $94.14M | 41.3% |
| 2015 | $360.44M | $106.45M | 29.5% |
| 2014 | $334.88M | $109.74M | 32.8% |
| 2013 | $146.34M | $90.89M | 62.1% |
| 2012 | $138.30M | $74.52M | 53.9% |
| 2011 | $53.54M | $48.71M | 91.0% |
| 2010 | $256.59M | $0 | 0.0% |
| 2009 | $243.21M | $0 | 0.0% |
| 2008 | $38.61M | $0 | 0.0% |
| 2007 | $0.18M | $0 | 0.0% |
| 2006 | ($41.11M) | $0 | N/A (Loss) |
| 2005 | ($2.13M) | $0 | N/A (Loss) |
| 2004 | $15.74M | $0 | 0.0% |
| 2003 | $52.26M | $0 | 0.0% |
| 2002 | $88.67M | $0 | 0.0% |
| 2001 | $2.18M | $0 | 0.0% |
| 2000 | ($27.69M) | $0 | N/A (Loss) |
| 1999 | ($42.70M) | $0 | N/A (Loss) |
| 1998 | ($49.80M) | $0 | N/A (Loss) |
| 1997 | ($49.10M) | $0 | N/A (Loss) |
| 1996 | ($43.80M) | $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.
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 |
|---|---|
| 2017-12-31 | 103.32% |
| 2017-09-30 | 44.35% |
| 2017-06-30 | 35.92% |
| 2017-03-31 | 34.78% |
| 2016-12-31 | 41.27% |
| 2016-09-30 | 34.60% |
| 2016-06-30 | 30.45% |
| 2016-03-31 | 24.41% |
| 2015-12-31 | 29.53% |
| 2015-09-30 | 22.22% |
| 2015-06-30 | 28.46% |
| 2015-03-31 | 35.80% |
| 2014-12-31 | 32.77% |
| 2014-09-30 | 79.58% |
| 2014-06-30 | 69.87% |
| 2014-03-31 | 97.12% |
| 2013-12-31 | 62.11% |
| 2013-09-30 | 53.82% |
| 2013-06-30 | 51.78% |
| 2013-03-31 | 76.33% |
| 2012-12-31 | 53.88% |
| 2012-09-30 | 49.27% |
| 2012-06-30 | 61.31% |
| 2012-03-31 | 53.44% |
| 2011-12-31 | 90.97% |
| 2011-09-30 | 31.99% |
| 2011-06-30 | 12.19% |
| 2004-09-30 | 59.90% |
| 2004-06-30 | 76.93% |
| 2004-03-31 | 50.88% |
| 2003-12-31 | 41.98% |
| 2003-09-30 | 69.96% |
| 2003-06-30 | 44.02% |
