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 377.69% is 35% above its 3-year average of 279.29%, near the high end of its 3-year range (171.43%–377.69%).
As of the fiscal period ended Monday, March 31, 2025.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
377.69%
FCF PAYOUT RATIO AVG TTM
N/A
FCF PAYOUT RATIO AVG 3Y
369.96%
FCF PAYOUT RATIO AVG 5Y
279.29%
FCF PAYOUT RATIO AVG 10Y
78.07%
FCF PAYOUT RATIO AVG 15Y
93.76%
FCF PAYOUT RATIO AVG 20Y
71.07%
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
+2.09%
CURRENT VS 5Y AVG
+35.23%
CURRENT VS 10Y AVG
+383.80%
CURRENT VS 15Y AVG
+302.81%
CURRENT VS 20Y AVG
+431.44%
FCF Payout Ratio TTM
377.7%
Earnings Payout Ratio
39.0%
Dividend Yield
3.20%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($435.20M) | $98.70M | N/A (Loss) |
| 2024 | ($21.90M) | $93.20M | N/A (Loss) |
| 2023 | ($414.50M) | $86.00M | N/A (Loss) |
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 |
|---|---|
| 2025-03-31 | 377.69% |
| 2022-03-31 | 362.23% |
| 2021-12-31 | 205.81% |
| 2021-09-30 | 171.43% |
| 2017-12-31 | 148.47% |
| 2017-09-30 | 80.21% |
| 2017-06-30 | 56.95% |
| 2017-03-31 | 43.61% |
| 2016-12-31 | 42.54% |
| 2016-09-30 | 33.00% |
| 2016-06-30 | 32.21% |
| 2016-03-31 | 37.90% |
| 2015-09-30 | 31.01% |
| 2015-06-30 | 53.66% |
| 2014-12-31 | 15.34% |
| 2014-09-30 | 52.94% |
| 2014-06-30 | 188.70% |
| 2014-03-31 | 23.63% |
| 2013-03-31 | 259.38% |
| 2012-12-31 | 54.47% |
| 2010-06-30 | 65.37% |
| 2010-03-31 | 10.17% |
| 2009-12-31 | 10.98% |
| 2006-06-30 | 59.80% |
| 2006-03-31 | 15.06% |
| 2005-12-31 | 13.00% |
| 2022 |
| ($979.60M) |
| $76.90M |
| N/A (Loss) |
| 2021 | $41.00M | $88.50M | 215.9% |
| 2020 | ($46.40M) | $91.70M | N/A (Loss) |
| 2019 | ($816.60M) | $82.10M | N/A (Loss) |
| 2018 | ($606.50M) | $77.40M | N/A (Loss) |
| 2017 | $48.90M | $72.60M | 148.5% |
| 2016 | $156.80M | $66.70M | 42.5% |
| 2015 | ($90.10M) | $64.90M | N/A (Loss) |
| 2014 | $354.60M | $54.40M | 15.3% |
| 2013 | ($68.80M) | $39.30M | N/A (Loss) |
| 2012 | $58.20M | $31.70M | 54.5% |
| 2011 | ($235.70M) | $27.20M | N/A (Loss) |
| 2010 | ($94.00M) | $25.40M | N/A (Loss) |
| 2009 | $230.50M | $25.30M | 11.0% |
| 2008 | ($823.90M) | $24.20M | N/A (Loss) |
| 2007 | ($549.60M) | $20.20M | N/A (Loss) |
| 2006 | ($530.30M) | $18.00M | N/A (Loss) |
| 2005 | $170.40M | $0 | 0.0% |
| 2004 | ($280.80M) | $13.80M | N/A (Loss) |
| 2003 | ($170.00M) | $11.00M | N/A (Loss) |
| 2002 | ($51.50M) | $16.50M | N/A (Loss) |
| 2001 | ($259.30M) | $0 | N/A (Loss) |
| 2000 | $101.00M | $0 | 0.0% |
| 1999 | ($31.90M) | $0 | N/A (Loss) |
| 1998 | ($8.50M) | $0 | N/A (Loss) |
| 1997 | $151.60M | $0 | 0.0% |
| 1996 | ($7.10M) | $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.
