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 34.45% is 66% below its 5-year average of 101.84%, near the low end of its 5-year range (34.45%–148.39%).
As of the fiscal period ended Sunday, June 30, 2024.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
34.45%
FCF PAYOUT RATIO AVG TTM
N/A
FCF PAYOUT RATIO AVG 3Y
N/A
FCF PAYOUT RATIO AVG 5Y
101.84%
FCF PAYOUT RATIO AVG 10Y
69.72%
FCF PAYOUT RATIO AVG 15Y
43.85%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
-66.17%
CURRENT VS 10Y AVG
-50.59%
CURRENT VS 15Y AVG
-21.43%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
34.5%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($19.03B) | $2.70B | N/A (Loss) |
| 2024 | ($7.30B) | $4.82B | N/A (Loss) |
| 2023 | $13.57B | $4.64B | 34.2% |
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 |
|---|---|
| 2024-06-30 | 34.45% |
| 2019-12-31 | 148.39% |
| 2019-09-30 | 101.62% |
| 2019-06-30 | 122.91% |
| 2019-03-31 | 0.17% |
| 2016-09-30 | 16.25% |
| 2016-06-30 | 13.99% |
| 2016-03-31 | 28.00% |
| 2015-12-31 | 28.17% |
| 2015-09-30 | 12.90% |
| 2014-09-30 | 183.84% |
| 2014-06-30 | 145.95% |
| 2014-03-31 | 113.10% |
| 2013-12-31 | 0.49% |
| 2011-09-30 | 8.40% |
| 2011-06-30 | 4.21% |
| 2011-03-31 | 0.09% |
| 2010-12-31 | 0.05% |
| 2010-09-30 | 0.05% |
| 2010-06-30 | 0.05% |
| 2010-03-31 | 0.79% |
| 2009-12-31 | 0.82% |
| 2008-09-30 | 26.42% |
| 2008-06-30 | 19.52% |
| 2008-03-31 | 22.97% |
| 2007-12-31 | 15.33% |
| 2007-09-30 | 22.84% |
| 2007-06-30 | 23.63% |
| 2007-03-31 | 3.60% |
| 2006-12-31 | 2.61% |
| 2022 |
| $11.71B |
| $3.59B |
| 30.6% |
| 2021 | $9.71B | $4.79B | 49.3% |
| 2020 | $712.18M | $0 | 0.0% |
| 2019 | $2.33B | $3.43B | 147.1% |
| 2018 | $5.21B | $1.14M | 0.0% |
| 2017 | $2.06B | $1.20M | 0.1% |
| 2016 | $1.87B | $18.93M | 1.0% |
| 2015 | $1.01B | $307.43M | 30.4% |
| 2014 | $58.08M | $18.15M | 31.2% |
| 2013 | $205.29M | $1.38M | 0.7% |
| 2012 | ($1.44B) | $76.47M | N/A (Loss) |
| 2011 | ($431.54M) | $234.56M | N/A (Loss) |
| 2010 | $4.35B | $320.05M | 7.4% |
| 2009 | $1.74B | $38.70M | 2.2% |
| 2008 | ($6.80B) | $761.05M | N/A (Loss) |
| 2007 | $2.81B | $452.38M | 16.1% |
| 2006 | $1.09B | $30.36M | 2.8% |
| 2005 | $786.12M | $34.33M | 4.4% |
| 2004 | ($3.66B) | $25.71M | N/A (Loss) |
| 2003 | ($5.60B) | $18.89M | N/A (Loss) |
| 2002 | ($2.35B) | $239.40M | N/A (Loss) |
| 2001 | ($1.32B) | $339.38M | N/A (Loss) |
| 2000 | $956.34M | $331.66M | 34.7% |
| 1999 | $3.12B | $352.41M | 11.3% |
| 1998 | $2.48B | $412.32M | 16.6% |
| 1997 | $3.73B | $292.89M | 7.8% |
| 1996 | $1.33B | $347.40M | 26.2% |
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.
