Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 220.82% as of the fiscal period ended Monday, June 30, 2025.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
220.82%
FCF PAYOUT RATIO AVG TTM
192.59%
FCF PAYOUT RATIO AVG 3Y
142.06%
FCF PAYOUT RATIO AVG 5Y
105.44%
FCF PAYOUT RATIO AVG 10Y
120.66%
FCF PAYOUT RATIO AVG 15Y
113.21%
FCF PAYOUT RATIO AVG 20Y
108.21%
CURRENT VS TTM AVG
+14.66%
CURRENT VS 3Y AVG
+55.44%
CURRENT VS 5Y AVG
+109.42%
CURRENT VS 10Y AVG
+83.00%
CURRENT VS 15Y AVG
+95.05%
CURRENT VS 20Y AVG
+104.06%
FCF Payout Ratio TTM
220.8%
Earnings Payout Ratio
186.7%
Dividend Yield
3.36%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $88.00M | $606.00M | 688.6% |
| 2024 | $341.00M | $684.00M | 200.6% |
| 2023 | $753.00M | $1.22B | 161.5% |
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 |
|---|---|
| 2025-06-30 | 220.82% |
| 2025-03-31 | 218.59% |
| 2024-12-31 | 200.59% |
| 2024-09-30 | 214.20% |
| 2024-06-30 | 108.74% |
| 2024-03-31 | 89.50% |
| 2023-12-31 | 161.49% |
| 2023-09-30 | 159.16% |
| 2023-06-30 | 138.59% |
| 2023-03-31 | 95.46% |
| 2022-12-31 | 78.15% |
| 2022-09-30 | 82.45% |
| 2022-06-30 | 79.05% |
| 2022-03-31 | 70.71% |
| 2021-12-31 | 34.00% |
| 2021-09-30 | 22.51% |
| 2021-06-30 | 17.03% |
| 2021-03-31 | 17.15% |
| 2020-12-31 | 46.29% |
| 2020-09-30 | 48.99% |
| 2020-06-30 | 110.79% |
| 2020-03-31 | 150.52% |
| 2019-12-31 | 174.05% |
| 2019-09-30 | 174.53% |
| 2019-06-30 | 275.61% |
| 2019-03-31 | 180.79% |
| 2018-12-31 | 145.26% |
| 2018-09-30 | 134.47% |
| 2018-06-30 | 98.46% |
| 2018-03-31 | 108.32% |
| 2017-12-31 | 120.33% |
| 2017-09-30 | 404.78% |
| 2017-06-30 | 427.27% |
| 2017-03-31 | 457.00% |
| 2016-12-31 | 443.72% |
| 2016-09-30 | 121.53% |
| 2016-06-30 | 118.54% |
| 2016-03-31 | 129.88% |
| 2015-12-31 | 113.33% |
| 2015-09-30 | 108.61% |
| 2015-06-30 | 96.02% |
| 2015-03-31 | 96.92% |
| 2014-12-31 | 82.70% |
| 2014-09-30 | 74.58% |
| 2014-06-30 | 67.61% |
| 2014-03-31 | 57.64% |
| 2013-12-31 | 64.74% |
| 2013-09-30 | 60.46% |
| 2013-06-30 | 80.47% |
| 2013-03-31 | 104.53% |
| 2012-12-31 | 110.23% |
| 2012-09-30 | 184.57% |
| 2012-06-30 | 158.33% |
| 2012-03-31 | 393.90% |
| 2011-12-31 | 646.00% |
| 2011-09-30 | 426.98% |
| 2011-03-31 | 378.77% |
| 2010-12-31 | 133.04% |
| 2010-09-30 | 134.24% |
| 2010-06-30 | 12.28% |
| 2010-03-31 | 36.17% |
| 2007-09-30 | 86.94% |
| 2007-07-01 | 90.85% |
| 2007-04-01 | 70.10% |
| 2006-12-31 | 73.20% |
| 2006-09-24 | 186.38% |
| 2006-06-25 | 104.68% |
| 2006-03-26 | 70.09% |
| 2005-12-31 | 54.50% |
| 2005-09-25 | 49.44% |
| 2005-06-26 | 32.60% |
| 2005-03-27 | 24.92% |
| 2004-12-31 | 23.13% |
| 2004-09-26 | 22.37% |
| 2004-06-27 | 23.30% |
| 2004-03-28 | 34.17% |
| 2003-12-31 | 32.96% |
| 2003-09-28 | 34.67% |
| 2003-06-29 | 55.77% |
| 2022 |
| $2.07B |
| $1.62B |
| 78.2% |
| 2021 | $2.57B | $884.00M | 34.4% |
| 2020 | $823.00M | $381.00M | 46.3% |
| 2019 | $582.00M | $1.01B | 174.1% |
| 2018 | $685.00M | $995.00M | 145.3% |
| 2017 | $782.00M | $941.00M | 120.3% |
| 2016 | $215.00M | $954.00M | 443.7% |
| 2015 | $585.00M | $663.00M | 113.3% |
| 2014 | $734.00M | $607.00M | 82.7% |
| 2013 | $743.00M | $481.00M | 64.7% |
| 2012 | $325.00M | $334.00M | 102.8% |
| 2011 | $50.00M | $323.00M | 646.0% |
| 2010 | $458.00M | $608.00M | 132.8% |
| 2009 | ($401.00M) | $127.00M | N/A (Loss) |
| 2008 | ($1.94B) | $507.00M | N/A (Loss) |
| 2007 | ($247.00M) | $531.00M | N/A (Loss) |
| 2006 | $735.00M | $538.00M | 73.2% |
| 2005 | $855.00M | $466.00M | 54.5% |
| 2004 | $1.61B | $372.00M | 23.1% |
| 2003 | $1.08B | $355.00M | 33.0% |
| 2002 | $491.00M | $353.00M | 71.9% |
| 2001 | $458.00M | $351.00M | 76.6% |
| 2000 | $581.00M | $363.00M | 62.5% |
| 1999 | $935.00M | $321.00M | 34.3% |
| 1998 | $13.00M | $319.00M | n/m |
| 1997 | $376.00M | $317.00M | 84.3% |
| 1996 | ($29.00M) | $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.
