FCF Payout Ratio: 40.19%
Is the FCF payout ratio high or low?
The FCF payout ratio of 40.19% is 22% above its 5-year average of 33.03%, around the middle of its 5-year range (19.21%–56.02%).
18.84% above its 12-month average of 33.82%.
CP FCF Payout Ratio
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
CP Average FCF Payout Ratio Chart
CP Current vs Average FCF Payout Ratio Chart
CP FCF Payout Ratio Metrics
FCF PAYOUT RATIO
40.19%
FCF PAYOUT RATIO AVG TTM
33.82%
FCF PAYOUT RATIO AVG 3Y
34.12%
FCF PAYOUT RATIO AVG 5Y
31.88%
FCF PAYOUT RATIO AVG 10Y
32.79%
FCF PAYOUT RATIO AVG 15Y
32.87%
FCF PAYOUT RATIO AVG 20Y
34.57%
CURRENT VS TTM AVG
+18.84%
CURRENT VS 3Y AVG
+17.80%
CURRENT VS 5Y AVG
+26.06%
CURRENT VS 10Y AVG
+22.56%
CURRENT VS 15Y AVG
+22.28%
CURRENT VS 20Y AVG
+16.27%
Payout Ratio Comparison
FCF Payout Ratio TTM
40.2%
Earnings Payout Ratio
25.8%
Dividend Yield
0.98%
FCF Yield
1.90%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.58B | $579.65M | 36.7% |
| 2024 | $1.67B | $492.68M | 29.5% |
| 2023 | $1.24B | $533.43M | 43.2% |
| 2022 | $1.91B | $521.55M | 27.4% |
| 2021 | $1.70B | $400.83M | 23.5% |
| 2020 | $887.61M | $366.50M | 41.3% |
| 2019 | $1.03B | $316.99M | 30.7% |
| 2018 | $850.78M | $255.01M | 30.0% |
| 2017 | $668.97M | $246.29M | 36.8% |
| 2016 | $674.08M | $189.52M | 28.1% |
| 2015 | $676.70M | $163.22M | 24.1% |
| 2014 | $579.57M | $209.82M | 36.2% |
| 2013 | $671.59M | $229.51M | 34.2% |
| 2012 | $181.33M | $224.65M | 123.9% |
| 2011 | ($579.57M) | $188.95M | N/A (Loss) |
| 2010 | ($224.31M) | $174.74M | N/A (Loss) |
| 2009 | ($239.67M) | $154.56M | N/A (Loss) |
| 2008 | $152.71M | $121.56M | 79.6% |
| 2007 | $421.74M | $133.21M | 31.6% |
| 2006 | $220.61M | $96.37M | 43.7% |
| 2005 | $143.02M | $76.97M | 53.8% |
| 2004 | $93.33M | $67.96M | 72.8% |
| 2003 | ($278.06M) | $62.29M | N/A (Loss) |
| 2002 | $132.59M | $51.38M | 38.8% |
| 2001 | $103.75M | $94.26M | 90.9% |
| 2000 | $60.38M | $120.43M | 199.4% |
| 1999 | $280.49M | $103.61M | 36.9% |
| 1998 | $397.34M | $0 | 0.0% |
| 1997 | ($80.36M) | $505.18M | N/A (Loss) |
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 Canadian Pacific Kansas City Ltd. (CP)?
- The FCF payout ratio for CP stock is 40.19%.
- Is Canadian Pacific Kansas City Ltd.'s FCF payout ratio high or low?
- The FCF payout ratio of 40.19% is 22% above its 5-year average of 33.03%, around the middle of its 5-year range (19.21%–56.02%).
- What is the TTM average FCF payout ratio for Canadian Pacific Kansas City Ltd. (CP)?
- The TTM average FCF payout ratio for CP stock is 33.82%.
- What is the 3Y average FCF payout ratio for Canadian Pacific Kansas City Ltd. (CP)?
- The 3Y average FCF payout ratio for CP stock is 34.12%.
- What is the 5Y average FCF payout ratio for Canadian Pacific Kansas City Ltd. (CP)?
- The 5Y average FCF payout ratio for CP stock is 31.88%.
- What is the 10Y average FCF payout ratio for Canadian Pacific Kansas City Ltd. (CP)?
- The 10Y average FCF payout ratio for CP stock is 32.79%.
- What is the 15Y average FCF payout ratio for Canadian Pacific Kansas City Ltd. (CP)?
- The 15Y average FCF payout ratio for CP stock is 32.87%.
- What is the 20Y average FCF payout ratio for Canadian Pacific Kansas City Ltd. (CP)?
- The 20Y average FCF payout ratio for CP stock is 34.57%.
CP FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-03-31 | 40.19% |
| 2025-12-31 | 36.62% |
| 2025-09-30 | 32.28% |
| 2025-06-30 | 29.76% |
| 2025-03-31 | 30.25% |
| 2024-12-31 | 29.71% |
| 2024-09-30 | 33.97% |
| 2024-06-30 | 38.36% |
| 2024-03-31 | 42.90% |
| 2023-12-31 | 43.11% |
| 2023-09-30 | 32.40% |
| 2023-06-30 | 27.37% |
| 2023-03-31 | 26.62% |
| 2022-12-31 | 27.75% |
| 2022-09-30 | 41.96% |
| 2022-06-30 | 56.02% |
| 2022-03-31 | 24.20% |
| 2021-12-31 | 23.31% |
| 2021-09-30 | 19.21% |
| 2021-06-30 | 19.72% |
| 2021-03-31 | 37.94% |
| 2020-12-31 | 40.49% |
| 2020-09-30 | 44.37% |
| 2020-06-30 | 33.16% |
| 2020-03-31 | 33.37% |
| 2019-12-31 | 30.60% |
| 2019-09-30 | 30.80% |
| 2019-06-30 | 31.86% |
| 2019-03-31 | 30.04% |
| 2018-12-31 | 30.22% |
| 2018-09-30 | 34.11% |
| 2018-06-30 | 34.46% |
| 2018-03-31 | 34.79% |
| 2017-12-31 | 36.63% |
| 2017-09-30 | 29.19% |
| 2017-06-30 | 26.05% |
| 2017-03-31 | 26.21% |
| 2016-12-31 | 28.38% |
| 2016-09-30 | 40.42% |
| 2016-06-30 | 40.97% |
| 2016-03-31 | 38.01% |
| 2015-12-31 | 24.01% |
| 2015-09-30 | 25.67% |
| 2015-06-30 | 30.59% |
| 2015-03-31 | 26.69% |
| 2014-12-31 | 35.77% |
| 2014-09-30 | 32.12% |
| 2014-06-30 | 29.08% |
| 2014-03-31 | 33.95% |
| 2013-12-31 | 34.36% |
| 2013-09-30 | 39.44% |
| 2013-06-30 | 52.85% |
| 2013-03-31 | 83.98% |
| 2012-12-31 | 123.39% |
| 2011-09-30 | 273.80% |
| 2009-09-30 | 46.38% |
| 2009-06-30 | 107.14% |
| 2009-03-31 | 97.72% |
| 2008-12-31 | 89.49% |
| 2008-09-30 | 192.69% |
| 2008-06-30 | 82.66% |
| 2008-03-31 | 32.49% |
| 2007-12-31 | 31.35% |
| 2007-09-30 | 26.50% |
| 2007-06-30 | 30.29% |
| 2007-03-31 | 36.92% |
| 2006-12-31 | 43.29% |
| 2006-09-30 | 56.40% |
| 2006-06-30 | 58.46% |
| 2006-03-31 | 48.84% |
| 2005-12-31 | 54.36% |
| 2005-09-30 | 52.28% |
| 2005-06-30 | 48.19% |
| 2005-03-31 | 103.48% |
| 2004-12-31 | 71.95% |
| 2003-03-31 | 79.33% |
About Canadian Pacific Kansas City Ltd.
Specializing in railway freight transportation, Canadian Pacific Kansas City Ltd. operates an extensive rail network connecting Canada, the United States, and Mexico. The company, headquartered in Calgary, Canada, began its operations on June 22, 2001.
- Sector
- Industrials
- Industry
- Railroads
- CEO
- Keith E. Creel