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 72.14% is 51% above its 1-year average of 47.81%, around the middle of its 1-year range (17.52%–113.43%).
As of the fiscal period ended Tuesday, December 31, 2024. 108.00% above its 12-month average of 34.68%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
72.14%
FCF PAYOUT RATIO AVG TTM
34.68%
FCF PAYOUT RATIO AVG 3Y
47.81%
FCF PAYOUT RATIO AVG 5Y
47.81%
FCF PAYOUT RATIO AVG 10Y
43.22%
FCF PAYOUT RATIO AVG 15Y
35.47%
FCF PAYOUT RATIO AVG 20Y
34.20%
CURRENT VS TTM AVG
+108.00%
CURRENT VS 3Y AVG
+50.89%
CURRENT VS 5Y AVG
+50.89%
CURRENT VS 10Y AVG
+66.92%
CURRENT VS 15Y AVG
+103.38%
CURRENT VS 20Y AVG
+110.90%
FCF Payout Ratio TTM
72.1%
Earnings Payout Ratio
56.9%
Dividend Yield
2.64%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($879.00M) | $459.00M | N/A (Loss) |
| 2024 | $524.00M | $378.00M | 72.1% |
| 2023 | $2.19B | $383.00M | 17.5% |
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 |
|---|---|
| 2024-12-31 | 72.14% |
| 2024-09-30 | 35.11% |
| 2024-06-30 | 31.08% |
| 2024-03-31 | 17.57% |
| 2023-12-31 | 17.52% |
| 2023-09-30 | 113.43% |
| 2019-09-30 | 204.52% |
| 2019-06-30 | 47.59% |
| 2017-06-30 | 62.62% |
| 2017-03-31 | 71.20% |
| 2016-12-31 | 22.95% |
| 2015-09-30 | 195.87% |
| 2015-06-30 | 19.66% |
| 2015-03-31 | 11.51% |
| 2014-12-31 | 39.46% |
| 2014-09-30 | 13.33% |
| 2014-06-30 | 20.51% |
| 2014-03-31 | 251.22% |
| 2013-12-31 | 16.99% |
| 2013-09-30 | 9.38% |
| 2013-06-30 | 31.24% |
| 2012-03-31 | 43.35% |
| 2011-12-31 | 12.76% |
| 2010-06-30 | 188.89% |
| 2009-06-30 | 82.59% |
| 2009-03-31 | 19.67% |
| 2008-12-31 | 19.55% |
| 2008-09-30 | 14.25% |
| 2006-03-31 | 221.43% |
| 2005-06-30 | 43.75% |
| 2005-03-31 | 10.77% |
| 2004-12-31 | 23.56% |
| 2003-09-30 | 40.50% |
| 2003-06-30 | 124.71% |
| 2022 |
| ($6.10B) |
| $349.00M |
| N/A (Loss) |
| 2021 | ($3.29B) | $323.00M | N/A (Loss) |
| 2020 | ($3.90B) | $316.00M | N/A (Loss) |
| 2019 | ($1.33B) | $317.00M | N/A (Loss) |
| 2018 | ($1.76B) | $305.00M | N/A (Loss) |
| 2017 | ($2.64B) | $297.00M | N/A (Loss) |
| 2016 | ($338.00M) | $282.00M | N/A (Loss) |
| 2015 | ($39.00M) | $249.00M | N/A (Loss) |
| 2014 | $560.00M | $221.00M | 39.5% |
| 2013 | $1.18B | $201.00M | 17.0% |
| 2012 | ($1.55B) | $192.00M | N/A (Loss) |
| 2011 | $1.49B | $186.00M | 12.5% |
| 2010 | ($3.51B) | $211.00M | N/A (Loss) |
| 2009 | ($1.29B) | $198.00M | N/A (Loss) |
| 2008 | $1.65B | $168.00M | 10.2% |
| 2007 | ($1.07B) | $114.00M | N/A (Loss) |
| 2006 | ($792.00M) | $74.00M | N/A (Loss) |
| 2005 | ($140.00M) | $120.00M | N/A (Loss) |
| 2004 | $365.00M | $86.00M | 23.6% |
| 2003 | ($345.00M) | $105.00M | N/A (Loss) |
| 2002 | ($112.00M) | $65.00M | N/A (Loss) |
| 2001 | ($21.00M) | $34.00M | N/A (Loss) |
| 2000 | ($705.00M) | $18.00M | N/A (Loss) |
| 1999 | $37.00M | $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.
