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 25.47% is 52% below its 5-year average of 53.42%, near the low end of its 5-year range (2.96%–339.19%).
As of the fiscal period ended Saturday, October 5, 2024. 75.03% below its 12-month average of 102.03%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
25.47%
FCF PAYOUT RATIO AVG TTM
102.03%
FCF PAYOUT RATIO AVG 3Y
88.66%
FCF PAYOUT RATIO AVG 5Y
30.08%
FCF PAYOUT RATIO AVG 10Y
8.28%
FCF PAYOUT RATIO AVG 15Y
4.96%
FCF PAYOUT RATIO AVG 20Y
6.68%
CURRENT VS TTM AVG
-75.03%
CURRENT VS 3Y AVG
-71.27%
CURRENT VS 5Y AVG
-15.31%
CURRENT VS 10Y AVG
+207.82%
CURRENT VS 15Y AVG
+413.50%
CURRENT VS 20Y AVG
+281.13%
FCF Payout Ratio TTM
25.5%
Earnings Payout Ratio
137.0%
Dividend Yield
1.79%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | ($298.00M) | $60.00M | N/A (Loss) |
| 2024 | ($96.17M) | $59.85M | N/A (Loss) |
| 2023 | $61.70M | $209.29M | 339.2% |
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 |
|---|---|
| 2024-10-05 | 25.47% |
| 2024-07-13 | 16.00% |
| 2024-04-20 | 27.44% |
| 2023-12-30 | 339.19% |
| 2022-12-31 | 113.49% |
| 2022-10-08 | 141.20% |
| 2022-07-16 | 112.87% |
| 2022-04-23 | 71.76% |
| 2022-01-01 | 19.56% |
| 2021-10-09 | 19.65% |
| 2021-07-17 | 11.08% |
| 2021-04-24 | 6.57% |
| 2021-01-02 | 8.03% |
| 2020-10-03 | 11.90% |
| 2020-07-11 | 13.39% |
| 2020-04-18 | 16.72% |
| 2019-12-28 | 4.35% |
| 2019-10-05 | 2.96% |
| 2019-07-13 | 2.83% |
| 2019-04-20 | 2.75% |
| 2018-12-29 | 2.89% |
| 2018-10-06 | 2.39% |
| 2018-07-14 | 2.76% |
| 2018-04-21 | 3.19% |
| 2017-12-30 | 4.34% |
| 2017-10-07 | 6.46% |
| 2017-07-15 | 5.34% |
| 2017-04-22 | 7.75% |
| 2016-12-31 | 6.85% |
| 2016-10-08 | 5.56% |
| 2016-07-16 | 5.73% |
| 2016-04-23 | 4.32% |
| 2016-01-02 | 3.88% |
| 2015-10-10 | 3.83% |
| 2015-07-18 | 3.65% |
| 2015-04-25 | 3.49% |
| 2015-01-03 | 3.66% |
| 2014-10-04 | 3.68% |
| 2014-07-12 | 4.80% |
| 2014-04-19 | 5.89% |
| 2013-12-28 | 5.03% |
| 2013-10-05 | 4.86% |
| 2013-07-13 | 5.07% |
| 2013-04-20 | 5.28% |
| 2012-12-29 | 4.25% |
| 2012-10-06 | 3.82% |
| 2012-07-14 | 3.46% |
| 2012-04-21 | 3.33% |
| 2011-12-31 | 3.31% |
| 2011-10-08 | 4.41% |
| 2011-07-16 | 4.94% |
| 2011-04-23 | 5.32% |
| 2011-01-01 | 4.51% |
| 2010-10-09 | 4.58% |
| 2010-07-17 | 3.87% |
| 2010-04-24 | 4.12% |
| 2010-01-02 | 4.50% |
| 2009-10-10 | 4.14% |
| 2009-08-15 | 5.83% |
| 2009-04-25 | 6.00% |
| 2009-01-03 | 7.89% |
| 2008-10-04 | 11.16% |
| 2008-07-12 | 8.39% |
| 2008-04-19 | 9.90% |
| 2007-12-29 | 12.58% |
| 2007-10-06 | 11.97% |
| 2007-07-14 | 22.30% |
| 2007-04-21 | 25.98% |
| 2006-12-30 | 25.53% |
| 2006-10-07 | 55.17% |
| 2006-07-15 | 7.91% |
| 2006-04-22 | 5.36% |
| 2022 |
| $817.38M |
| $160.93M |
| 19.7% |
| 2022 | $335.91M | $336.23M | 100.1% |
| 2021 | $701.88M | $56.35M | 8.0% |
| 2019 | $395.26M | $17.18M | 4.3% |
| 2018 | $617.31M | $17.82M | 2.9% |
| 2017 | $411.05M | $17.85M | 4.3% |
| 2016 | $467.90M | $17.65M | 3.8% |
| 2016 | $263.74M | $17.74M | 6.7% |
| 2015 | $480.55M | $17.58M | 3.7% |
| 2013 | $349.49M | $17.57M | 5.0% |
| 2012 | $414.10M | $17.60M | 4.2% |
| 2011 | $466.57M | $21.05M | 4.5% |
| 2011 | $560.72M | $18.55M | 3.3% |
| 2010 | $506.76M | $22.80M | 4.5% |
| 2009 | $293.75M | $23.18M | 7.9% |
| 2007 | $199.94M | $25.15M | 12.6% |
| 2006 | $75.02M | $19.15M | 25.5% |
| 2005 | $80.63M | $0 | 0.0% |
| 2005 | $105.42M | $0 | 0.0% |
| 2004 | $254.74M | $0 | 0.0% |
| 2002 | $144.81M | $0 | 0.0% |
| 2001 | $39.84M | $0 | 0.0% |
| 2000 | $33.38M | $0 | 0.0% |
| 1999 | ($20.98M) | $0 | N/A (Loss) |
| 1998 | $44.02M | $0 | 0.0% |
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.
