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 715.11% is 104% above its 5-year average of 350.95%, near the high end of its 5-year range (154.59%–907.05%).
As of the fiscal period ended Monday, June 30, 2025. 122.44% above its 12-month average of 321.49%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
715.11%
FCF PAYOUT RATIO AVG TTM
321.49%
FCF PAYOUT RATIO AVG 3Y
310.52%
FCF PAYOUT RATIO AVG 5Y
350.95%
FCF PAYOUT RATIO AVG 10Y
278.04%
FCF PAYOUT RATIO AVG 15Y
194.14%
FCF PAYOUT RATIO AVG 20Y
194.97%
CURRENT VS TTM AVG
+122.44%
CURRENT VS 3Y AVG
+130.29%
CURRENT VS 5Y AVG
+103.76%
CURRENT VS 10Y AVG
+157.20%
CURRENT VS 15Y AVG
+268.36%
CURRENT VS 20Y AVG
+266.79%
FCF Payout Ratio TTM
715.1%
Earnings Payout Ratio
72.7%
Dividend Yield
3.54%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($1.02B) | $1.15B | N/A (Loss) |
| 2024 | $430.70M | $1.06B | 245.2% |
| 2023 | $525.50M | $984.20M | 187.3% |
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 |
|---|---|
| 2025-06-30 | 715.11% |
| 2025-03-31 | 227.50% |
| 2024-12-31 | 245.23% |
| 2024-09-30 | 251.83% |
| 2024-06-30 | 167.79% |
| 2024-03-31 | 154.59% |
| 2023-12-31 | 187.29% |
| 2023-09-30 | 547.54% |
| 2022-06-30 | 297.82% |
| 2022-03-31 | 158.71% |
| 2020-09-30 | 907.05% |
| 2019-12-31 | 878.98% |
| 2019-09-30 | 518.54% |
| 2019-06-30 | 429.36% |
| 2019-03-31 | 281.13% |
| 2018-12-31 | 211.43% |
| 2018-09-30 | 343.04% |
| 2018-06-30 | 282.04% |
| 2018-03-31 | 351.58% |
| 2017-12-31 | 546.63% |
| 2017-09-30 | 164.02% |
| 2017-06-30 | 116.00% |
| 2017-03-31 | 92.95% |
| 2016-12-31 | 91.92% |
| 2016-09-30 | 126.83% |
| 2016-06-30 | 182.86% |
| 2016-03-31 | 188.84% |
| 2015-12-31 | 653.37% |
| 2015-09-30 | 160.78% |
| 2015-06-30 | 90.45% |
| 2015-03-31 | 93.08% |
| 2014-12-31 | 76.26% |
| 2014-09-30 | 68.40% |
| 2014-06-30 | 59.69% |
| 2014-03-31 | 56.27% |
| 2013-12-31 | 60.50% |
| 2013-09-30 | 61.67% |
| 2013-06-30 | 53.73% |
| 2013-03-31 | 61.24% |
| 2012-12-31 | 59.18% |
| 2012-09-30 | 57.87% |
| 2012-06-30 | 166.11% |
| 2012-03-31 | 237.70% |
| 2011-12-31 | 148.83% |
| 2011-09-30 | 191.38% |
| 2011-06-30 | 79.90% |
| 2011-03-31 | 126.73% |
| 2010-09-30 | 466.75% |
| 2010-03-31 | 231.56% |
| 2004-09-30 | 108.63% |
| 2004-06-30 | 81.78% |
| 2004-03-31 | 99.26% |
| 2003-06-30 | 150.65% |
| 2022 |
| ($254.20M) |
| $917.90M |
| N/A (Loss) |
| 2021 | ($220.10M) | $854.80M | N/A (Loss) |
| 2020 | ($42.80M) | $798.00M | N/A (Loss) |
| 2019 | $84.70M | $744.50M | 879.0% |
| 2018 | $329.80M | $697.30M | 211.4% |
| 2017 | $120.10M | $656.50M | 546.6% |
| 2016 | $679.80M | $624.90M | 91.9% |
| 2015 | $69.70M | $455.40M | 653.4% |
| 2014 | $461.60M | $352.00M | 76.3% |
| 2013 | $543.60M | $328.90M | 60.5% |
| 2012 | $466.90M | $276.30M | 59.2% |
| 2011 | $162.60M | $242.00M | 148.8% |
| 2010 | $12.20M | $187.00M | n/m |
| 2009 | ($188.90M) | $157.80M | N/A (Loss) |
| 2008 | ($400.10M) | $126.30M | N/A (Loss) |
| 2007 | ($679.00M) | $116.90M | N/A (Loss) |
| 2006 | ($198.90M) | $107.60M | N/A (Loss) |
| 2005 | ($168.20M) | $102.90M | N/A (Loss) |
| 2004 | ($38.10M) | $97.80M | N/A (Loss) |
| 2003 | ($35.50M) | $93.70M | N/A (Loss) |
| 2002 | $154.50M | $92.40M | 59.8% |
| 2001 | ($116.70M) | $93.80M | N/A (Loss) |
| 2000 | ($150.00M) | $165.30M | N/A (Loss) |
| 1999 | ($468.30M) | $182.30M | N/A (Loss) |
| 1998 | $61.00M | $177.40M | 290.8% |
| 1997 | $47.10M | $172.70M | 366.7% |
| 1996 | $75.60M | $167.20M | 221.2% |
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.
