Bunge Global SA (BG) — payout ratio, three ways
Fiscal year ending 2025-12-31 · sector Consumer staples · payout ratios computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | 56.8% | The figure most screeners publish. |
| Operating cash flow | 54.4% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | negative | Operating cash flow was $879m short of capital spending, so no ratio exists. The dividend was not funded from free cash flow this year. |
Nothing is marked as applying, deliberately. The basis that governs here is free cash flow, and this year it yields no ratio at all. The figure above is shown for completeness; treating it as the answer is the substitution this page exists to prevent.
Spread between highest and lowest: 2 percentage points. Same filings, different denominators.
Coverage rating 27 / 100 — Strained. ? Peer standing 17/50Direction 0/30Stability 10/20
Free cash flow payout, last 2 years
| Fiscal year | Payout |
|---|---|
| 2024-12-31 | 72.1% |
| 2023-12-31 | 17.5% |
Among the 38 consumer staples companies here, 34% pay out a larger share on this basis.
The arithmetic
- GAAP earnings — dividends declared per share $2.79 ÷ diluted EPS $4.91
- Operating cash flow — dividends paid $459.0m ÷ operating cash flow $844.0m
- Free cash flow — dividends paid $459.0m ÷ (operating cash flow $844.0m − capex $1,723.0m)
Where the figures came from
- 10-K filed 2026-02-19 · accession
0001628280-26-009842
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.