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 76.43% is 88% above its 5-year average of 40.67%, near the high end of its 5-year range (22.27%–76.43%).
As of the fiscal period ended Friday, February 28, 2025. 62.83% above its 12-month average of 46.94%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q3 FY2025 (2025-02-28): 76.43%.
FCF PAYOUT RATIO
76.43%
FCF PAYOUT RATIO AVG TTM
46.94%
FCF PAYOUT RATIO AVG 3Y
46.48%
FCF PAYOUT RATIO AVG 5Y
40.67%
FCF PAYOUT RATIO AVG 10Y
30.19%
FCF PAYOUT RATIO AVG 15Y
20.48%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+62.83%
CURRENT VS 3Y AVG
+64.44%
CURRENT VS 5Y AVG
+87.92%
CURRENT VS 10Y AVG
+153.19%
CURRENT VS 15Y AVG
+273.11%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
76.4%
Earnings Payout Ratio
31.4%
Dividend Yield
1.33%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | ($23.69B) | $5.79B | N/A (Loss) |
| 2025 | ($394.00M) | $4.74B | N/A (Loss) |
| 2024 | $11.81B | $4.39B | 37.2% |
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 |
|---|---|
| 2025-02-28 | 76.43% |
| 2024-11-30 | 46.34% |
| 2024-08-31 | 39.06% |
| 2024-05-31 | 37.19% |
| 2024-02-29 | 35.66% |
| 2023-11-30 | 40.92% |
| 2023-08-31 | 41.24% |
| 2023-05-31 | 43.31% |
| 2023-02-28 | 47.14% |
| 2022-11-30 | 40.88% |
| 2022-08-31 | 63.83% |
| 2022-05-31 | 68.75% |
| 2022-02-28 | 53.41% |
| 2021-11-30 | 47.13% |
| 2021-08-31 | 25.63% |
| 2021-05-31 | 22.27% |
| 2021-02-28 | 22.53% |
| 2020-11-30 | 24.35% |
| 2020-08-31 | 26.18% |
| 2020-05-31 | 26.52% |
| 2020-02-29 | 25.28% |
| 2019-11-30 | 24.89% |
| 2019-08-31 | 24.54% |
| 2019-05-31 | 22.74% |
| 2019-02-28 | 22.06% |
| 2018-11-30 | 21.91% |
| 2018-08-31 | 22.27% |
| 2018-05-31 | 23.00% |
| 2018-02-28 | 23.66% |
| 2017-11-30 | 23.74% |
| 2017-08-31 | 22.19% |
| 2017-05-31 | 21.73% |
| 2017-02-28 | 21.06% |
| 2016-11-30 | 19.80% |
| 2016-08-31 | 20.01% |
| 2016-05-31 | 20.54% |
| 2016-02-29 | 20.57% |
| 2015-11-30 | 21.87% |
| 2015-08-31 | 20.02% |
| 2015-05-31 | 17.42% |
| 2015-02-28 | 15.77% |
| 2014-11-30 | 14.77% |
| 2014-08-31 | 14.67% |
| 2014-05-31 | 15.19% |
| 2014-01-31 | 11.37% |
| 2013-11-30 | 13.33% |
| 2013-08-31 | 11.95% |
| 2013-05-31 | 10.56% |
| 2013-02-28 | 13.27% |
| 2012-11-30 | 9.21% |
| 2012-08-31 | 8.93% |
| 2012-05-31 | 9.20% |
| 2012-02-29 | 9.36% |
| 2011-11-30 | 9.22% |
| 2011-08-31 | 9.04% |
| 2011-05-31 | 9.86% |
| 2011-02-28 | 10.60% |
| 2010-11-30 | 11.60% |
| 2010-08-31 | 11.86% |
| 2010-05-31 | 11.88% |
| 2010-02-28 | 9.44% |
| 2009-11-30 | 5.95% |
| 2009-08-31 | 2.96% |
| 2023 |
| $8.47B |
| $3.67B |
| 43.3% |
| 2022 | $5.03B | $3.46B | 68.8% |
| 2021 | $13.75B | $3.06B | 22.3% |
| 2020 | $11.57B | $3.07B | 26.5% |
| 2019 | $12.89B | $2.93B | 22.7% |
| 2018 | $13.65B | $3.14B | 23.0% |
| 2017 | $12.11B | $2.63B | 21.7% |
| 2016 | $12.37B | $2.54B | 20.5% |
| 2015 | $12.95B | $2.25B | 17.4% |
| 2014 | $14.34B | $2.18B | 15.2% |
| 2013 | $13.57B | $1.43B | 10.6% |
| 2012 | $13.10B | $1.21B | 9.2% |
| 2011 | $10.76B | $1.06B | 9.9% |
| 2010 | $8.45B | $1.00B | 11.9% |
| 2009 | $7.73B | $250.00M | 3.2% |
| 2008 | $7.16B | $49.00M | 0.7% |
| 2007 | $5.20B | $0 | 0.0% |
| 2006 | $4.30B | $0 | 0.0% |
| 2005 | $3.36B | $0 | 0.0% |
| 2004 | $3.01B | $0 | 0.0% |
| 2003 | $2.73B | $0 | 0.0% |
| 2002 | $2.96B | $0 | 0.0% |
| 2001 | $1.87B | $0 | 0.0% |
| 2000 | $2.66B | $0 | 0.0% |
| 1999 | $1.46B | $0 | 0.0% |
| 1998 | $1.29B | $0 | 0.0% |
| 1997 | $639.76M | $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.
