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 2.52% is 77% below its 5-year average of 11.17%, near the low end of its 5-year range (2.52%–19.04%).
As of the fiscal period ended Monday, September 30, 2013. 63.24% below its 12-month average of 6.85%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
2.52%
FCF PAYOUT RATIO AVG TTM
6.85%
FCF PAYOUT RATIO AVG 3Y
10.75%
FCF PAYOUT RATIO AVG 5Y
11.62%
FCF PAYOUT RATIO AVG 10Y
11.44%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-63.24%
CURRENT VS 3Y AVG
-76.57%
CURRENT VS 5Y AVG
-78.34%
CURRENT VS 10Y AVG
-77.99%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
2.5%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
8.99%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.31B | $0 | 0.0% |
| 2024 | $1.47B | $0 | 0.0% |
| 2023 | $1.49B | $0 | 0.0% |
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 |
|---|---|
| 2013-09-30 | 2.52% |
| 2013-06-30 | 3.80% |
| 2013-03-31 | 4.45% |
| 2012-12-31 | 9.59% |
| 2012-09-30 | 13.90% |
| 2012-06-30 | 10.65% |
| 2012-03-31 | 13.17% |
| 2011-12-31 | 11.91% |
| 2011-09-30 | 8.68% |
| 2011-06-30 | 19.04% |
| 2011-03-31 | 14.30% |
| 2010-12-31 | 14.77% |
| 2010-09-30 | 12.94% |
| 2010-06-30 | 11.71% |
| 2010-03-31 | 13.24% |
| 2009-12-31 | 17.29% |
| 2009-09-30 | 11.77% |
| 2009-06-30 | 8.18% |
| 2009-03-31 | 9.57% |
| 2008-12-31 | 12.37% |
| 2008-09-30 | 10.77% |
| 2008-06-30 | 12.76% |
| 2008-03-31 | 6.86% |
| 2003-09-30 | 61.19% |
| 2003-06-30 | 53.68% |
| 2003-03-31 | 87.30% |
| 2022 |
| $961.14M |
| $0 |
| 0.0% |
| 2021 | $1.29B | $0 | 0.0% |
| 2020 | $1.30B | $0 | 0.0% |
| 2019 | $1.31B | $0 | 0.0% |
| 2018 | $784.50M | $0 | 0.0% |
| 2017 | $1.00B | $0 | 0.0% |
| 2016 | $1.13B | $0 | 0.0% |
| 2015 | $849.20M | $0 | 0.0% |
| 2014 | $817.06M | $0 | 0.0% |
| 2013 | $1.15B | $0 | 0.0% |
| 2012 | $550.70M | $0 | 0.0% |
| 2011 | $779.89M | $0 | 0.0% |
| 2010 | $566.08M | $83.59M | 14.8% |
| 2009 | $391.78M | $67.75M | 17.3% |
| 2008 | $237.90M | $0 | 0.0% |
| 2007 | $258.53M | $0 | 0.0% |
| 2006 | $251.27M | $0 | 0.0% |
| 2005 | $324.19M | $0 | 0.0% |
| 2004 | $291.62M | $0 | 0.0% |
| 2003 | $193.38M | $0 | 0.0% |
| 2002 | $239.28M | $0 | 0.0% |
| 2001 | $221.50M | $7.94M | 3.6% |
| 2000 | $266.56M | $0 | 0.0% |
| 1999 | $62.29M | $0 | 0.0% |
| 1998 | ($403.60M) | $0 | N/A (Loss) |
| 1997 | ($31.10M) | $0 | N/A (Loss) |
| 1996 | ($14.60M) | $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.
