Western Digital Corporation (WDC) FCF Payout Ratio: 5.97%
Is Western Digital Corporation’s FCF payout ratio high or low?
Western Digital Corporation's FCF payout ratio of 5.97% is 96% below its 5-year average of 169.79%, near the low end of its 5-year range (3.43%–336.16%).
The FCF payout ratio for Western Digital Corporation (WDC) is 5.97%. It is above its 12-month average by 74.22% (3.43%).
WDC FCF Payout Ratio Chart
WDC Average FCF Payout Ratio Chart
WDC Current vs Average FCF Payout Ratio Chart
WDC FCF Payout Ratio Metrics
FCF PAYOUT RATIO
5.97%
FCF PAYOUT RATIO AVG TTM
3.43%
FCF PAYOUT RATIO AVG 3Y
3.43%
FCF PAYOUT RATIO AVG 5Y
169.79%
FCF PAYOUT RATIO AVG 10Y
72.62%
FCF PAYOUT RATIO AVG 15Y
58.73%
FCF PAYOUT RATIO AVG 20Y
58.73%
CURRENT VS TTM AVG
+74.22%
CURRENT VS 3Y AVG
+74.22%
CURRENT VS 5Y AVG
-96.48%
CURRENT VS 10Y AVG
-91.78%
CURRENT VS 15Y AVG
-89.83%
CURRENT VS 20Y AVG
-89.83%
Payout Ratio Comparison
FCF Payout Ratio
6.0%
Earnings Payout Ratio
9.4%
Dividend Yield
0.10%
FCF Yield
1.49%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.28B | $44.00M | 3.4% |
| 2024 | ($781.00M) | $0 | N/A (Loss) |
| 2023 | ($1.22B) | $0 | N/A (Loss) |
| 2022 | $773.00M | $0 | 0.0% |
| 2021 | $895.00M | $0 | 0.0% |
| 2020 | $177.00M | $595.00M | 336.2% |
| 2019 | $790.00M | $584.00M | 73.9% |
| 2018 | $3.40B | $593.00M | 17.5% |
| 2017 | $2.88B | $574.00M | 19.9% |
| 2016 | $1.40B | $464.00M | 33.2% |
| 2015 | $1.63B | $396.00M | 24.3% |
| 2014 | $2.19B | $259.00M | 11.8% |
| 2013 | $2.17B | $181.00M | 8.4% |
| 2012 | $2.35B | $0 | 0.0% |
| 2011 | $877.00M | $0 | 0.0% |
| 2010 | $1.21B | $0 | 0.0% |
| 2009 | $786.00M | $0 | 0.0% |
| 2008 | $784.00M | $0 | 0.0% |
| 2007 | $294.00M | $0 | 0.0% |
| 2006 | $99.60M | $0 | 0.0% |
| 2005 | $227.30M | $0 | 0.0% |
| 2004 | $58.30M | $0 | 0.0% |
| 2003 | $218.90M | $0 | 0.0% |
| 2002 | $35.01M | $0 | 0.0% |
| 2001 | ($154.00M) | $0 | N/A (Loss) |
| 2000 | ($174.01M) | $0 | N/A (Loss) |
| 1999 | ($246.10M) | $0 | N/A (Loss) |
| 1998 | ($237.60M) | $0 | N/A (Loss) |
| 1997 | $98.20M | $0 | 0.0% |
| 1996 | ($50.40M) | $0 | N/A (Loss) |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Western Digital Corporation FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Western Digital Corporation FCF Payout Ratio FAQ
- What is the FCF payout ratio for Western Digital Corporation (WDC)?
- The FCF payout ratio for WDC stock is 5.97%.
- Is Western Digital Corporation's FCF payout ratio high or low?
- Western Digital Corporation's FCF payout ratio of 5.97% is 96% below its 5-year average of 169.79%, near the low end of its 5-year range (3.43%–336.16%).
- What is the TTM average FCF payout ratio for Western Digital Corporation (WDC)?
- The TTM average FCF payout ratio for WDC stock is 3.43%.
- What is the 3Y average FCF payout ratio for Western Digital Corporation (WDC)?
- The 3Y average FCF payout ratio for WDC stock is 3.43%.
- What is the 5Y average FCF payout ratio for Western Digital Corporation (WDC)?
- The 5Y average FCF payout ratio for WDC stock is 169.79%.
- What is the 10Y average FCF payout ratio for Western Digital Corporation (WDC)?
- The 10Y average FCF payout ratio for WDC stock is 72.62%.
- What is the 15Y average FCF payout ratio for Western Digital Corporation (WDC)?
- The 15Y average FCF payout ratio for WDC stock is 58.73%.
- What is the 20Y average FCF payout ratio for Western Digital Corporation (WDC)?
- The 20Y average FCF payout ratio for WDC stock is 58.73%.
Western Digital Corporation FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-06-27 | 3.43% |
| 2020-07-03 | 336.16% |
| 2019-06-30 | 73.92% |
| 2018-06-30 | 17.46% |
| 2017-06-30 | 19.93% |
| 2016-06-30 | 33.17% |
| 2015-06-30 | 24.29% |
| 2014-06-30 | 11.84% |
| 2013-06-30 | 8.35% |
About Western Digital Corporation
Western Digital Corporation designs, manufactures, and markets a broad range of data storage devices and software solutions across the United States, China, Hong Kong, Europe, the Middle East, Africa, and the rest of Asia, serving an international market. The company's product lineup includes client devices such as hard disk drives (HDDs) and solid-state drives (SSDs) for computing platforms like desktops, notebooks, smart video systems, gaming consoles, and set-top boxes. They also provide flash-based embedded storage solutions for mobile phones, tablets, laptops, and various portable and wearable technologies, extending into automotive, Internet of Things (IoT), industrial, and connected home applications. Additionally, Western Digital produces flash-based memory wafers. For data centers, their offerings comprise enterprise helium hard drives and sophisticated flash-based SSDs, often bundled with software tailored for enterprise servers, online transaction processing, data analysis, and other business applications. This segment also includes comprehensive data storage systems, tiered storage models, and various data storage platforms. Consumer-oriented client solutions consist of external HDDs in both mobile and desktop configurations, portable SSDs, and removable memory cards compatible with mobile phones, tablets, imaging systems, cameras, and smart video systems. Furthermore, they offer universal serial bus (USB) flash drives for computing and general consumer markets, alongside wireless drive products designed for on-the-go content backup and high-definition streaming of media and documents to tablets, smartphones, and PCs. Western Digital sells its diverse portfolio through original equipment manufacturers (OEMs), distributors, dealers, resellers, and retailers, utilizing its prominent G-Technology, SanDisk, and WD brands. Founded in 1970, the corporation is headquartered in San Jose, California.
- Sector
- Technology
- Industry
- Computer Hardware
- CEO
- Tiang Yew Tan