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 702.78% is 86% above its 1-year average of 378.84%, near the high end of its 1-year range (144.19%–702.78%).
As of the fiscal period ended Thursday, March 31, 2022. 96.70% above its 12-month average of 357.28%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
702.78%
FCF PAYOUT RATIO AVG TTM
357.28%
FCF PAYOUT RATIO AVG 3Y
378.84%
FCF PAYOUT RATIO AVG 5Y
378.84%
FCF PAYOUT RATIO AVG 10Y
364.16%
FCF PAYOUT RATIO AVG 15Y
195.13%
FCF PAYOUT RATIO AVG 20Y
125.46%
CURRENT VS TTM AVG
+96.70%
CURRENT VS 3Y AVG
+85.51%
CURRENT VS 5Y AVG
+85.51%
CURRENT VS 10Y AVG
+92.99%
CURRENT VS 15Y AVG
+260.15%
CURRENT VS 20Y AVG
+460.15%
FCF Payout Ratio TTM
702.8%
Earnings Payout Ratio
70.1%
Dividend Yield
3.17%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($1.40B) | $794.00M | N/A (Loss) |
| 2024 | ($465.00M) | $747.00M | N/A (Loss) |
| 2023 | ($632.00M) | $704.00M | N/A (Loss) |
| 2022 | ($425.00M) | $787.00M | N/A (Loss) |
| 2021 | $297.00M | $1.28B | 430.6% |
| 2020 | $476.00M | $1.27B | 267.9% |
| 2019 | ($656.00M) | $1.19B | N/A (Loss) |
| 2018 | ($417.00M) | $1.13B | N/A (Loss) |
| 2017 | ($710.00M) | $1.07B | N/A (Loss) |
| 2016 | ($67.00M) | $1.03B | N/A (Loss) |
| 2015 | ($955.00M) | $1.00B | N/A (Loss) |
| 2014 | ($782.00M) | $967.00M | N/A (Loss) |
| 2013 | ($1.45B) | $878.00M | N/A (Loss) |
| 2012 | ($341.00M) | $833.00M | N/A (Loss) |
| 2011 | $20.00M | $746.00M | n/m |
| 2010 | $345.00M | $566.00M | 164.1% |
| 2009 | $555.00M | $517.00M | 93.2% |
| 2008 | ($161.00M) | $491.00M | N/A (Loss) |
| 2007 | ($114.00M) | $459.00M | N/A (Loss) |
| 2006 | $364.00M | $409.00M | 112.4% |
| 2005 | $577.00M | $347.00M | 60.1% |
| 2004 | $703.00M | $299.00M | 42.5% |
| 2003 | $569.00M | $287.00M | 50.4% |
| 2002 | $148.00M | $261.00M | 176.4% |
| 2001 | $343.00M | $201.00M | 58.6% |
| 2000 | $405.00M | $177.00M | 43.7% |
| 1999 | $326.00M | $180.00M | 55.2% |
| 1998 | $333.00M | $278.00M | 83.5% |
| 1997 | $467.00M | $298.00M | 63.8% |
| 1996 | $433.00M | $296.00M | 68.4% |
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 |
|---|---|
| 2022-03-31 | 702.78% |
| 2021-12-31 | 430.64% |
| 2021-09-30 | 292.91% |
| 2021-06-30 | 144.19% |
| 2021-03-31 | 215.88% |
| 2020-12-31 | 267.86% |
| 2020-09-30 | 597.62% |
| 2012-03-31 | 261.41% |
| 2011-06-30 | 258.23% |
| 2010-12-31 | 164.53% |
| 2010-09-30 | 63.46% |
| 2010-06-30 | 116.70% |
| 2010-03-31 | 51.08% |
| 2009-12-31 | 95.92% |
| 2009-09-30 | 169.54% |
| 2007-06-30 | 586.49% |
| 2007-03-31 | 199.52% |
| 2006-12-31 | 112.36% |
| 2006-09-30 | 84.36% |
| 2006-06-30 | 73.76% |
| 2006-03-31 | 86.94% |
| 2005-12-31 | 77.82% |
| 2005-09-30 | 66.21% |
| 2005-06-30 | 56.19% |
| 2005-03-31 | 43.92% |
| 2004-12-31 | 42.53% |
| 2004-09-30 | 46.62% |
| 2004-06-30 | 39.94% |
| 2004-03-31 | 39.09% |
| 2003-12-31 | 50.44% |
| 2003-09-30 | 48.45% |
| 2003-06-30 | 53.86% |
| 2003-03-31 | 109.52% |
