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 2.68% is 98% below its 5-year average of 112.98%, near the low end of its 5-year range (2.68%–311.49%).
As of the fiscal period ended Sunday, June 30, 2024. 81.49% below its 12-month average of 14.47%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
2.68%
FCF PAYOUT RATIO AVG TTM
14.47%
FCF PAYOUT RATIO AVG 3Y
63.83%
FCF PAYOUT RATIO AVG 5Y
112.98%
FCF PAYOUT RATIO AVG 10Y
44.44%
FCF PAYOUT RATIO AVG 15Y
25.58%
FCF PAYOUT RATIO AVG 20Y
23.30%
CURRENT VS TTM AVG
-81.49%
CURRENT VS 3Y AVG
-95.80%
CURRENT VS 5Y AVG
-97.63%
CURRENT VS 10Y AVG
-93.97%
CURRENT VS 15Y AVG
-89.53%
CURRENT VS 20Y AVG
-88.50%
FCF Payout Ratio TTM
2.7%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($437.00M) | $0 | N/A (Loss) |
| 2024 | $664.00M | $0 | 0.0% |
| 2023 | $106.00M | $29.00M | 27.4% |
| 2022 | ($44.00M) | $39.00M | N/A (Loss) |
| 2021 | ($50.00M) | $19.00M | N/A (Loss) |
| 2020 | $72.44M | $28.72M | 39.6% |
| 2019 | $38.18M | $118.07M | 309.3% |
| 2018 | ($48.80M) | $118.73M | N/A (Loss) |
| 2017 | $318.86M | $118.00M | 37.0% |
| 2016 | $470.00M | $118.00M | 25.1% |
| 2015 | $608.90M | $125.20M | 20.6% |
| 2014 | $317.87M | $126.22M | 39.7% |
| 2013 | $500.42M | $78.72M | 15.7% |
| 2012 | $373.63M | $128.65M | 34.4% |
| 2011 | $551.60M | $87.68M | 15.9% |
| 2010 | $285.50M | $90.09M | 31.6% |
| 2009 | $666.20M | $90.69M | 13.6% |
| 2008 | $651.50M | $89.93M | 13.8% |
| 2007 | $620.80M | $70.40M | 11.3% |
| 2006 | $22.11M | $52.86M | 239.1% |
| 2005 | $195.47M | $68.67M | 35.1% |
| 2004 | ($185.95M) | $53.48M | N/A (Loss) |
| 2003 | ($382.30M) | $52.29M | N/A (Loss) |
| 2002 | $127.89M | $51.48M | 40.3% |
| 2001 | $677.73M | $50.91M | 7.5% |
| 2000 | ($353.77M) | $75.98M | N/A (Loss) |
| 1999 | $572.60M | $0 | 0.0% |
| 1998 | $697.80M | $0 | 0.0% |
| 1997 | $328.60M | $0 | 0.0% |
| 1996 | $406.90M | $0 | 0.0% |
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 |
|---|---|
| 2024-06-30 | 2.68% |
| 2024-03-31 | 13.38% |
| 2023-12-31 | 27.36% |
| 2022-09-30 | 22.61% |
| 2022-03-31 | 253.13% |
| 2020-12-31 | 39.65% |
| 2020-09-30 | 33.23% |
| 2020-06-30 | 165.94% |
| 2019-12-31 | 309.29% |
| 2019-09-30 | 311.49% |
| 2019-06-30 | 64.07% |
| 2019-03-31 | 136.83% |
| 2017-12-31 | 37.00% |
| 2017-09-30 | 22.73% |
| 2017-06-30 | 15.25% |
| 2017-03-31 | 19.44% |
| 2016-12-31 | 25.10% |
| 2016-09-30 | 23.63% |
| 2016-06-30 | 23.21% |
| 2016-03-31 | 17.30% |
| 2015-12-31 | 20.56% |
| 2015-09-30 | 24.46% |
| 2015-06-30 | 116.38% |
| 2015-03-31 | 81.27% |
| 2014-12-31 | 39.71% |
| 2014-09-30 | 77.62% |
| 2014-06-30 | 17.08% |
| 2014-03-31 | 14.97% |
| 2013-12-31 | 15.73% |
| 2013-09-30 | 18.06% |
| 2013-06-30 | 19.94% |
| 2013-03-31 | 27.06% |
| 2012-12-31 | 34.43% |
| 2012-09-30 | 24.29% |
| 2012-06-30 | 38.02% |
| 2012-03-31 | 63.77% |
| 2011-12-31 | 15.90% |
| 2011-09-30 | 11.69% |
| 2011-06-30 | 9.81% |
| 2011-03-31 | 10.03% |
| 2010-12-31 | 31.56% |
| 2010-09-30 | 41.01% |
| 2010-06-30 | 219.83% |
| 2010-03-31 | 36.03% |
| 2009-12-31 | 18.57% |
| 2009-09-30 | 24.37% |
| 2009-06-30 | 28.35% |
| 2009-03-31 | 19.31% |
| 2008-12-31 | 15.34% |
| 2008-09-30 | 11.98% |
| 2008-06-30 | 10.24% |
| 2008-03-31 | 8.79% |
| 2007-12-31 | 11.34% |
| 2007-09-30 | 14.17% |
| 2007-06-30 | 9.07% |
| 2007-03-31 | 19.67% |
| 2006-12-31 | 158.40% |
| 2005-12-31 | 35.13% |
| 2005-09-30 | 14.47% |
