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 0.79% is 91% below its 4-year average of 8.58%, near the low end of its 4-year range (0.79%–106.90%).
As of the fiscal period ended Wednesday, September 30, 2020. 58.65% below its 12-month average of 1.92%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
0.79%
FCF PAYOUT RATIO AVG TTM
1.92%
FCF PAYOUT RATIO AVG 3Y
1.48%
FCF PAYOUT RATIO AVG 5Y
2.04%
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-58.65%
CURRENT VS 3Y AVG
-46.44%
CURRENT VS 5Y AVG
-61.21%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
0.8%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
2.44%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $329.00M | $0 | 0.0% |
| 2024 | $19.00M | $0 | 0.0% |
| 2023 | ($851.00M) | $0 | N/A (Loss) |
| 2022 | $311.00M | $0 | 0.0% |
| 2021 | $452.00M | $0 | 0.0% |
| 2020 | $636.00M | $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.
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 |
|---|---|
| 2020-09-30 | 0.79% |
| 2020-06-30 | 1.50% |
| 2020-03-31 | 1.57% |
| 2019-12-31 | 4.21% |
| 2019-09-30 | 1.51% |
| 2019-06-30 | 1.68% |
| 2019-03-31 | 1.66% |
| 2018-12-31 | 1.45% |
| 2018-09-30 | 1.55% |
| 2018-06-30 | 1.14% |
| 2018-03-31 | 1.50% |
| 2017-12-31 | 1.22% |
| 2017-09-30 | 3.25% |
| 2017-06-30 | 8.31% |
| 2017-03-31 | 3.79% |
| 2016-12-31 | 3.80% |
| 2016-09-30 | 106.90% |
| 2012-03-31 | 323.28% |
| 2011-12-31 | 6.40% |
| 0.0% |
| 2019 | $190.00M | $8.00M | 4.2% |
| 2018 | $551.00M | $8.00M | 1.5% |
| 2017 | $294.80M | $3.00M | 1.0% |
| 2016 | $142.00M | $5.40M | 3.8% |
| 2015 | ($158.20M) | $2.80M | N/A (Loss) |
| 2014 | ($65.90M) | $2.90M | N/A (Loss) |
| 2013 | ($77.89M) | $2.97M | N/A (Loss) |
| 2012 | ($31.28M) | $3.00M | N/A (Loss) |
| 2011 | $5.86M | $0.38M | 6.4% |
| 2010 | $0.95M | $0 | 0.0% |
| 2009 | ($0.28M) | $0 | N/A (Loss) |
| 2008 | $5.94M | $0 | 0.0% |
| 2007 | $3.47M | $0 | 0.0% |
| 2006 | $2.67M | $0 | 0.0% |
| 2005 | $0.69M | $0 | 0.0% |
| 2004 | ($4.12M) | $0 | N/A (Loss) |
| 2003 | ($0.95M) | $0 | N/A (Loss) |
| 2002 | $0.33M | $0 | 0.0% |
| 2001 | ($1.58M) | $0 | N/A (Loss) |
