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 5.92% is 26% above its 1-year average of 4.69%, near the high end of its 1-year range (3.68%–5.92%).
As of the fiscal period ended Friday, March 31, 2023.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
5.92%
FCF PAYOUT RATIO AVG TTM
N/A
FCF PAYOUT RATIO AVG 3Y
N/A
FCF PAYOUT RATIO AVG 5Y
N/A
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
N/A
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
5.9%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
6.62%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $316.92M | $0 | 0.0% |
| 2024 | ($253.28M) | $0 | N/A (Loss) |
| 2023 | $5.15B | $0 | 0.0% |
| 2022 | $14.14B | $518.17M | 3.7% |
| 2021 | $837.48M | $0 | 0.0% |
| 2020 | ($120.81M) | $0 | N/A (Loss) |
| 2019 | ($302.55M) | $0 | N/A (Loss) |
| 2018 | ($144.24M) | $0 | N/A (Loss) |
| 2017 | ($132.42M) | $0 | N/A (Loss) |
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 |
|---|---|
| 2023-03-31 | 5.92% |
| 2022-12-31 | 3.68% |
| 2022-09-30 | 3.98% |
| 2022-06-30 | 5.16% |
