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 13.80% is 16% above its 4-year average of 11.90%, around the middle of its 4-year range (1.56%–26.44%).
As of the fiscal period ended Wednesday, September 30, 2020. 147.61% above its 12-month average of 5.57%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
13.80%
FCF PAYOUT RATIO AVG TTM
5.57%
FCF PAYOUT RATIO AVG 3Y
11.18%
FCF PAYOUT RATIO AVG 5Y
N/A
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+147.61%
CURRENT VS 3Y AVG
+23.42%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
13.8%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($1.07B) | $0 | N/A (Loss) |
| 2024 | ($292.18M) | $0 | N/A (Loss) |
| 2023 | ($668.27M) | $0 | N/A (Loss) |
| 2022 | $570.72M | $2.00M | 0.4% |
| 2021 | $160.25M | $0 | 0.0% |
| 2020 | $86.94M | $0 | 0.0% |
| 2019 | $173.98M | $2.72M | 1.6% |
| 2018 | $147.74M | $10.00M | 6.8% |
| 2017 | $116.66M | $19.00M | 16.3% |
| 2016 | $81.84M | $15.00M | 18.3% |
| 2015 | $47.18M | $0 | 0.0% |
| 2014 | $160.10M | $0 | 0.0% |
| 2013 | $16.89M | $0 | 0.0% |
| 2012 | ($106.33M) | $0 | N/A (Loss) |
| 2011 | $69.85M | $0 | 0.0% |
| 2010 | $207.28M | $0 | 0.0% |
| 2009 | ($17.64M) | $0 | N/A (Loss) |
| 2008 | ($116.70M) | $0 | N/A (Loss) |
| 2007 | ($232.42M) | $0 | N/A (Loss) |
| 2006 | ($23.16M) | $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.
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 |
|---|---|
| 2020-09-30 | 13.80% |
| 2020-06-30 | 4.76% |
| 2020-03-31 | 3.59% |
| 2019-12-31 | 1.56% |
| 2019-09-30 | 4.16% |
| 2019-06-30 | 4.92% |
| 2019-03-31 | 7.88% |
| 2018-12-31 | 6.77% |
| 2018-09-30 | 24.70% |
| 2018-06-30 | 26.44% |
| 2018-03-31 | 11.46% |
| 2017-12-31 | 22.72% |
| 2017-09-30 | 12.60% |
| 2017-06-30 | 9.93% |
| 2017-03-31 | 16.77% |
| 2016-12-31 | 18.33% |
