FCF Payout Ratio: 30.38%
Is the FCF payout ratio high or low?
The FCF payout ratio of 30.38% is 14% above its 5-year average of 26.65%, near the high end of its 5-year range (17.30%–35.10%).
4.34% below its 12-month average of 31.75%.
CDW FCF Payout Ratio
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
CDW Average FCF Payout Ratio Chart
CDW Current vs Average FCF Payout Ratio Chart
CDW FCF Payout Ratio Metrics
FCF PAYOUT RATIO
30.38%
FCF PAYOUT RATIO AVG TTM
31.75%
FCF PAYOUT RATIO AVG 3Y
27.69%
FCF PAYOUT RATIO AVG 5Y
26.65%
FCF PAYOUT RATIO AVG 10Y
22.92%
FCF PAYOUT RATIO AVG 15Y
21.46%
FCF PAYOUT RATIO AVG 20Y
21.46%
CURRENT VS TTM AVG
-4.34%
CURRENT VS 3Y AVG
+9.69%
CURRENT VS 5Y AVG
+13.97%
CURRENT VS 10Y AVG
+32.55%
CURRENT VS 15Y AVG
+41.55%
CURRENT VS 20Y AVG
+41.55%
Payout Ratio Comparison
FCF Payout Ratio TTM
30.4%
Earnings Payout Ratio
31.0%
Dividend Yield
1.89%
FCF Yield
6.23%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.09B | $328.60M | 30.2% |
| 2024 | $1.15B | $332.10M | 28.8% |
| 2023 | $1.45B | $321.50M | 22.2% |
| 2022 | $1.21B | $282.60M | 23.4% |
| 2021 | $684.60M | $234.80M | 34.3% |
| 2020 | $1.16B | $219.60M | 19.0% |
| 2019 | $790.90M | $183.40M | 23.2% |
| 2018 | $819.80M | $139.40M | 17.0% |
| 2017 | $696.60M | $106.90M | 15.3% |
| 2016 | $540.50M | $78.70M | 14.6% |
| 2015 | $187.40M | $52.90M | 28.2% |
| 2014 | $380.00M | $33.60M | 8.8% |
| 2013 | $319.20M | $7.30M | 2.3% |
| 2012 | $276.00M | $0 | 0.0% |
| 2011 | $169.00M | $0 | 0.0% |
| 2010 | $382.20M | $0 | 0.0% |
| 2009 | $92.00M | $0 | 0.0% |
| 2008 | $133.10M | $0 | 0.0% |
| 2006 | $131.15M | $40.72M | 31.1% |
| 2005 | $254.60M | $35.11M | 13.8% |
| 2004 | $162.09M | $30.03M | 18.5% |
| 2003 | $114.04M | $24.87M | 21.8% |
| 2002 | $220.83M | $0 | 0.0% |
| 2001 | $279.91M | $0 | 0.0% |
| 2000 | $108.81M | $0 | 0.0% |
| 1999 | $13.37M | $0 | 0.0% |
| 1998 | ($10.59M) | $0 | N/A (Loss) |
| 1997 | $2.40M | $0 | 0.0% |
| 1996 | $17.70M | $0 | 0.0% |
| 1995 | $9.10M | $0 | 0.0% |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
FCF Payout Ratio Formula & Definition
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
FCF Payout Ratio FAQ
- What is the FCF payout ratio for CDW Corporation (CDW)?
- The FCF payout ratio for CDW stock is 30.38%.
- Is CDW Corporation's FCF payout ratio high or low?
- The FCF payout ratio of 30.38% is 14% above its 5-year average of 26.65%, near the high end of its 5-year range (17.30%–35.10%).
- What is the TTM average FCF payout ratio for CDW Corporation (CDW)?
- The TTM average FCF payout ratio for CDW stock is 31.75%.
- What is the 3Y average FCF payout ratio for CDW Corporation (CDW)?
- The 3Y average FCF payout ratio for CDW stock is 27.69%.
- What is the 5Y average FCF payout ratio for CDW Corporation (CDW)?
- The 5Y average FCF payout ratio for CDW stock is 26.65%.
- What is the 10Y average FCF payout ratio for CDW Corporation (CDW)?
- The 10Y average FCF payout ratio for CDW stock is 22.92%.
- What is the 15Y average FCF payout ratio for CDW Corporation (CDW)?
- The 15Y average FCF payout ratio for CDW stock is 21.46%.
- What is the 20Y average FCF payout ratio for CDW Corporation (CDW)?
- The 20Y average FCF payout ratio for CDW stock is 21.46%.
CDW FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-03-31 | 30.38% |
| 2025-12-31 | 30.20% |
| 2025-09-30 | 32.71% |
| 2025-06-30 | 32.48% |
| 2025-03-31 | 33.01% |
| 2024-12-31 | 28.76% |
| 2024-09-30 | 24.77% |
| 2024-06-30 | 22.54% |
| 2024-03-31 | 21.27% |
| 2023-12-31 | 22.16% |
| 2023-09-30 | 27.47% |
| 2023-06-30 | 29.71% |
| 2023-03-31 | 24.54% |
| 2022-12-31 | 23.39% |
| 2022-09-30 | 24.34% |
| 2022-06-30 | 23.94% |
| 2022-03-31 | 35.10% |
| 2021-12-31 | 34.30% |
| 2021-09-30 | 19.99% |
| 2021-06-30 | 21.36% |
| 2021-03-31 | 17.30% |
| 2020-12-31 | 18.99% |
| 2020-09-30 | 27.51% |
| 2020-06-30 | 24.57% |
| 2020-03-31 | 25.70% |
| 2019-12-31 | 23.19% |
| 2019-09-30 | 19.68% |
| 2019-06-30 | 18.16% |
| 2019-03-31 | 17.81% |
| 2018-12-31 | 17.00% |
| 2018-09-30 | 14.76% |
| 2018-06-30 | 18.36% |
| 2018-03-31 | 20.52% |
| 2017-12-31 | 15.35% |
| 2017-09-30 | 21.66% |
| 2017-06-30 | 15.75% |
| 2017-03-31 | 18.19% |
| 2016-12-31 | 14.56% |
| 2016-09-30 | 18.11% |
| 2016-06-30 | 16.41% |
| 2016-03-31 | 13.57% |
| 2015-12-31 | 28.23% |
| 2015-09-30 | 14.70% |
| 2015-06-30 | 14.01% |
| 2015-03-31 | 12.23% |
| 2014-12-31 | 8.84% |
| 2014-09-30 | 7.42% |
| 2014-06-30 | 5.09% |
| 2014-03-31 | 2.04% |
| 2004-06-30 | 15.74% |
| 2004-03-31 | 14.69% |
| 2003-12-31 | 21.81% |
| 2003-09-30 | 15.17% |
About CDW Corporation
CDW Corporation specializes in delivering comprehensive information technology services and products across North America and the United Kingdom. It strategically targets three core client divisions: corporate enterprises, small to medium-sized businesses, and public sector organizations. Their portfolio encompasses both individual hardware and software offerings, alongside sophisticated integrated IT solution packages. These comprehensive solutions span on-premise, hybrid, and cloud environments, addressing critical areas such as data center infrastructure, network management, digital workspace enablement, and robust security. Key hardware categories include mobile computing devices (laptops, tablets), network infrastructure components, desktop workstations, display units, and enterprise data storage systems, while software offerings feature application suites, cybersecurity tools, virtualization platforms, operating systems, and network management utilities. Beyond products, CDW delivers a broad spectrum of services, including expert advisory and design, custom software development, system implementation, ongoing managed services, specialized professional support, configuration assistance, and telecommunications solutions, complemented by product warranties. They also focus on providing mission-critical software, system, and network solutions. Furthermore, installation, deployment, and repair services are facilitated for customers, often leveraging a network of third-party partners. Their diverse clientele includes governmental bodies, educational institutions, healthcare providers, and businesses of all scales – from small enterprises to major corporations. Established in 1984, the company maintains its primary corporate offices in Vernon Hills, Illinois.
- Sector
- Technology
- Industry
- Information Technology Services
- CEO
- Christine A. Leahy