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 50.00% is 134% above its 1-year average of 21.35%, near the high end of its 1-year range (2.09%–50.00%).
As of the fiscal period ended Monday, March 31, 2014. 41.96% above its 12-month average of 35.22%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
50.00%
FCF PAYOUT RATIO AVG TTM
35.22%
FCF PAYOUT RATIO AVG 3Y
21.35%
FCF PAYOUT RATIO AVG 5Y
21.35%
FCF PAYOUT RATIO AVG 10Y
20.36%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+41.96%
CURRENT VS 3Y AVG
+134.16%
CURRENT VS 5Y AVG
+134.16%
CURRENT VS 10Y AVG
+145.63%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
50.0%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $31.30M | $0 | 0.0% |
| 2024 | $32.90M | $0 | 0.0% |
| 2023 | $7.50M | $0 | 0.0% |
| 2022 | $19.90M | $0 | 0.0% |
| 2021 | $48.80M | $0 | 0.0% |
| 2020 | $65.70M | $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 |
|---|---|
| 2014-03-31 | 50.00% |
| 2013-12-31 | 20.44% |
| 2012-12-31 | 2.09% |
| 2012-09-30 | 12.88% |
| 2006-09-30 | 4.16% |
| 2006-06-30 | 14.83% |
| 2006-03-31 | 30.22% |
| 2005-12-31 | 29.09% |
| 2005-09-30 | 19.44% |
| 2005-06-30 | 18.00% |
| 2005-03-31 | 22.77% |
| 2004-12-31 | 142.90% |
| 2004-03-31 | 88.85% |
| 2003-12-31 | 37.67% |
| 0.0% |
| 2019 | $11.20M | $0 | 0.0% |
| 2018 | ($74.50M) | $0 | N/A (Loss) |
| 2017 | ($25.60M) | $0 | N/A (Loss) |
| 2016 | $34.70M | $0 | 0.0% |
| 2015 | $8.20M | $0 | 0.0% |
| 2014 | ($110.10M) | $0 | N/A (Loss) |
| 2013 | $81.20M | $13.40M | 16.5% |
| 2012 | $138.60M | $0 | 0.0% |
| 2011 | ($96.50M) | $10.40M | N/A (Loss) |
| 2010 | ($139.70M) | $8.50M | N/A (Loss) |
| 2009 | $2.10M | $0 | 0.0% |
| 2008 | ($546.80M) | $0 | N/A (Loss) |
| 2007 | ($28.00M) | $0 | N/A (Loss) |
| 2006 | $233.30M | $0 | 0.0% |
| 2005 | $162.60M | $47.30M | 29.1% |
| 2004 | $32.40M | $46.30M | 142.9% |
| 2003 | $120.00M | $45.20M | 37.7% |
| 2002 | $220.00M | $0 | 0.0% |
| 2001 | $154.50M | $44.60M | 28.9% |
| 2000 | $186.90M | $0 | 0.0% |
| 1999 | $179.30M | $0 | 0.0% |
| 1998 | $36.80M | $0 | 0.0% |
