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 615.00% is 271% above its 5-year average of 165.84%, near the high end of its 5-year range (103.03%–615.00%).
As of the fiscal period ended Tuesday, September 30, 2025. 138.87% above its 12-month average of 257.47%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
615.00%
FCF PAYOUT RATIO AVG TTM
257.47%
FCF PAYOUT RATIO AVG 3Y
300.35%
FCF PAYOUT RATIO AVG 5Y
165.84%
FCF PAYOUT RATIO AVG 10Y
185.94%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+138.87%
CURRENT VS 3Y AVG
+104.76%
CURRENT VS 5Y AVG
+270.85%
CURRENT VS 10Y AVG
+230.76%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
615.0%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($219.00M) | $421.00M | N/A (Loss) |
| 2024 | $559.00M | $816.00M | 146.0% |
| 2023 | ($538.00M) | $741.00M | 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 |
|---|---|
| 2025-09-30 | 615.00% |
| 2025-06-30 | 148.22% |
| 2025-03-31 | 118.86% |
| 2024-12-31 | 145.97% |
| 2024-09-30 | 259.27% |
| 2024-06-30 | 514.77% |
| 2022-03-31 | 404.43% |
| 2021-12-31 | 109.75% |
| 2021-09-30 | 103.03% |
| 2021-06-30 | 111.44% |
| 2021-03-31 | 136.15% |
| 2020-12-31 | 135.65% |
| 2020-09-30 | 151.40% |
| 2020-06-30 | 156.55% |
| 2020-03-31 | 141.55% |
| 2019-12-31 | 151.38% |
| 2019-09-30 | 123.37% |
| 2019-06-30 | 115.79% |
| 2019-03-31 | 103.29% |
| 2018-12-31 | 89.91% |
| 2018-09-30 | 289.83% |
| 2018-06-30 | 278.23% |
| 2018-03-31 | 301.75% |
| 2015-12-31 | 770.43% |
| 2015-09-30 | 767.74% |
| 2022 |
| ($575.00M) |
| $636.00M |
| N/A (Loss) |
| 2021 | $564.00M | $619.00M | 109.8% |
| 2020 | $331.00M | $449.00M | 135.6% |
| 2019 | $253.00M | $383.00M | 151.4% |
| 2018 | $337.00M | $303.00M | 89.9% |
| 2017 | $64.00M | $307.00M | 479.7% |
| 2016 | ($446.00M) | $682.00M | N/A (Loss) |
| 2015 | $87.00M | $1.12B | n/m |
| 2014 | ($532.00M) | $977.00M | N/A (Loss) |
| 2013 | ($545.00M) | $144.00M | N/A (Loss) |
| 2012 | ($490.00M) | $140.00M | 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.
