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 198.02% is 68% above its 2-year average of 117.60%, near the high end of its 2-year range (43.23%–254.52%).
As of the fiscal period ended Monday, September 30, 2024. 107.99% above its 12-month average of 95.21%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
198.02%
FCF PAYOUT RATIO AVG TTM
95.21%
FCF PAYOUT RATIO AVG 3Y
117.60%
FCF PAYOUT RATIO AVG 5Y
117.60%
FCF PAYOUT RATIO AVG 10Y
122.84%
FCF PAYOUT RATIO AVG 15Y
122.84%
FCF PAYOUT RATIO AVG 20Y
122.42%
CURRENT VS TTM AVG
+107.99%
CURRENT VS 3Y AVG
+68.39%
CURRENT VS 5Y AVG
+68.39%
CURRENT VS 10Y AVG
+61.21%
CURRENT VS 15Y AVG
+61.21%
CURRENT VS 20Y AVG
+61.75%
FCF Payout Ratio TTM
198.0%
Earnings Payout Ratio
69.1%
Dividend Yield
3.87%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($146.40M) | $197.90M | N/A (Loss) |
| 2024 | ($24.90M) | $182.30M | N/A (Loss) |
| 2023 | $388.80M | $168.10M | 43.2% |
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 |
|---|---|
| 2024-09-30 | 198.02% |
| 2024-06-30 | 104.39% |
| 2024-03-31 | 72.38% |
| 2023-12-31 | 43.23% |
| 2023-09-30 | 58.00% |
| 2023-06-30 | 92.63% |
| 2023-03-31 | 254.52% |
| 2018-12-31 | 340.69% |
| 2018-09-30 | 72.89% |
| 2018-06-30 | 63.70% |
| 2018-03-31 | 78.99% |
| 2017-12-31 | 94.61% |
| 2017-09-30 | 509.20% |
| 2007-03-31 | 204.57% |
| 2006-09-30 | 263.24% |
| 2005-12-31 | 116.54% |
| 2005-09-30 | 61.99% |
| 2005-06-30 | 44.19% |
| 2005-03-31 | 73.51% |
| 2004-12-31 | 87.97% |
| 2004-06-30 | 68.60% |
| 2004-03-31 | 27.29% |
| 2003-12-31 | 46.16% |
| 2003-09-30 | 16.81% |
| 2003-06-30 | 40.21% |
| 2003-03-31 | 211.13% |
| 2022 |
| ($19.60M) |
| $156.70M |
| N/A (Loss) |
| 2021 | ($742.06M) | $145.00M | N/A (Loss) |
| 2020 | ($225.54M) | $135.44M | N/A (Loss) |
| 2019 | ($312.86M) | $124.65M | N/A (Loss) |
| 2018 | $31.29M | $106.59M | 340.7% |
| 2017 | $102.25M | $96.74M | 94.6% |
| 2016 | ($154.32M) | $87.57M | N/A (Loss) |
| 2015 | ($27.48M) | $72.60M | N/A (Loss) |
| 2014 | ($75.04M) | $69.64M | N/A (Loss) |
| 2013 | ($30.12M) | $67.59M | N/A (Loss) |
| 2012 | ($32.16M) | $65.26M | N/A (Loss) |
| 2011 | ($216.99M) | $59.20M | N/A (Loss) |
| 2010 | ($324.93M) | $56.47M | N/A (Loss) |
| 2009 | ($76.37M) | $55.15M | N/A (Loss) |
| 2008 | ($183.28M) | $53.66M | N/A (Loss) |
| 2007 | ($9.29M) | $50.30M | N/A (Loss) |
| 2006 | ($48.76M) | $43.96M | N/A (Loss) |
| 2005 | $36.22M | $42.21M | 116.5% |
| 2004 | $45.71M | $40.21M | 88.0% |
| 2003 | $80.22M | $37.02M | 46.2% |
| 2002 | ($14.30M) | $31.12M | N/A (Loss) |
| 2001 | ($201.08M) | $1.45M | N/A (Loss) |
| 2000 | ($60.38M) | $34.43M | N/A (Loss) |
| 1999 | ($28.50M) | $22.60M | N/A (Loss) |
| 1998 | $27.40M | $21.70M | 79.2% |
| 1997 | $27.70M | $20.50M | 74.0% |
| 1996 | $31.00M | $19.90M | 64.2% |
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.
