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 0.31% is 83% below its 5-year average of 1.86%, near the low end of its 5-year range (0.31%–3.25%).
As of the fiscal period ended Sunday, December 31, 2017. 68.52% below its 12-month average of 0.98%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
0.31%
FCF PAYOUT RATIO AVG TTM
0.98%
FCF PAYOUT RATIO AVG 3Y
1.45%
FCF PAYOUT RATIO AVG 5Y
1.86%
FCF PAYOUT RATIO AVG 10Y
2.46%
FCF PAYOUT RATIO AVG 15Y
2.60%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-68.52%
CURRENT VS 3Y AVG
-78.89%
CURRENT VS 5Y AVG
-83.46%
CURRENT VS 10Y AVG
-87.50%
CURRENT VS 15Y AVG
-88.18%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
0.3%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
2.81%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $769.88M | $0 | 0.0% |
| 2024 | $607.41M | $0 | 0.0% |
| 2023 | $464.68M | $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 |
|---|---|
| 2017-12-31 | 0.31% |
| 2017-09-30 | 0.60% |
| 2017-06-30 | 1.09% |
| 2017-03-31 | 1.34% |
| 2016-12-31 | 1.54% |
| 2016-09-30 | 1.39% |
| 2016-06-30 | 1.22% |
| 2016-03-31 | 1.56% |
| 2015-12-31 | 1.57% |
| 2015-09-30 | 2.32% |
| 2015-06-30 | 1.88% |
| 2015-03-31 | 2.07% |
| 2014-12-31 | 2.01% |
| 2014-09-30 | 1.67% |
| 2014-06-30 | 2.15% |
| 2014-03-31 | 2.14% |
| 2013-12-31 | 2.38% |
| 2013-09-30 | 2.52% |
| 2013-06-30 | 2.90% |
| 2013-03-31 | 3.25% |
| 2012-12-31 | 3.08% |
| 2012-09-30 | 2.69% |
| 2012-06-30 | 2.55% |
| 2012-03-31 | 2.15% |
| 2011-12-31 | 2.47% |
| 2011-09-30 | 2.57% |
| 2011-06-30 | 2.81% |
| 2011-03-31 | 4.08% |
| 2010-12-31 | 3.68% |
| 2010-09-30 | 4.05% |
| 2010-06-30 | 3.90% |
| 2010-03-31 | 3.13% |
| 2009-12-31 | 2.90% |
| 2009-09-30 | 2.82% |
| 2009-06-30 | 2.54% |
| 2009-03-31 | 2.47% |
| 2008-12-31 | 3.06% |
| 2008-09-30 | 2.86% |
| 2008-06-30 | 2.82% |
| 2008-03-31 | 3.01% |
| 2007-12-31 | 3.00% |
| 2007-09-30 | 2.83% |
| 2007-06-30 | 3.07% |
| 2007-03-31 | 3.35% |
| 2006-12-31 | 3.01% |
| 2006-09-30 | 3.04% |
| 2006-06-30 | 3.39% |
| 2006-03-31 | 2.74% |
| 2005-12-31 | 2.93% |
| 2005-09-30 | 2.69% |
| 2005-06-30 | 2.50% |
| 2005-03-31 | 3.06% |
| 2004-12-31 | 2.70% |
| 2004-09-30 | 2.65% |
| 2004-06-30 | 2.20% |
| 2004-03-31 | 1.94% |
| 2003-12-31 | 2.23% |
| 2003-09-30 | 2.47% |
| 2003-06-30 | 2.92% |
| 2003-03-31 | 3.33% |
| 2022 |
| $503.42M |
| $0 |
| 0.0% |
| 2021 | $416.25M | $0 | 0.0% |
| 2020 | $342.93M | $0 | 0.0% |
| 2019 | $236.37M | $0 | 0.0% |
| 2018 | $191.75M | $0 | 0.0% |
| 2017 | $205.82M | $1.24M | 0.6% |
| 2016 | $188.30M | $2.49M | 1.3% |
| 2015 | $121.77M | $2.51M | 2.1% |
| 2014 | $162.44M | $2.71M | 1.7% |
| 2013 | $111.97M | $2.82M | 2.5% |
| 2012 | $104.26M | $2.80M | 2.7% |
| 2011 | $122.14M | $3.14M | 2.6% |
| 2010 | $88.33M | $3.58M | 4.1% |
| 2009 | $137.68M | $3.89M | 2.8% |
| 2008 | $136.37M | $3.90M | 2.9% |
| 2007 | $156.43M | $4.43M | 2.8% |
| 2006 | $167.63M | $5.10M | 3.0% |
| 2005 | $197.67M | $5.32M | 2.7% |
| 2004 | $175.94M | $4.67M | 2.7% |
| 2003 | $156.26M | $3.86M | 2.5% |
| 2002 | $79.73M | $2.58M | 3.2% |
| 2001 | $46.53M | $1.32M | 2.8% |
| 2000 | $14.06M | $1.14M | 8.1% |
| 1999 | $25.68M | $1.10M | 4.3% |
| 1998 | $25.60M | $1.10M | 4.3% |
| 1997 | $4.40M | $1.00M | 22.7% |
| 1996 | $10.40M | $1.00M | 9.6% |
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.
