EquipmentShare.com Inc (EQPT) — payout ratio, two ways
Fiscal year ending 2025-12-31 · sector Consumer discretionary · payout ratios computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| Operating cash flow | 14.0% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | negative | Operating cash flow was $1,516m short of capital spending, so no ratio exists. The dividend was not funded from free cash flow this year. |
No GAAP earnings figure is shown. This company does not report the inputs for it in its XBRL filings — capital expenditure, in particular, is often folded into a single investing total rather than tagged on its own. The figure is absent from the filings, not zero, and inventing one from a balance-sheet movement would be a guess dressed as a measurement.
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.
The arithmetic
- Operating cash flow — dividends paid $37.0m ÷ operating cash flow $264.0m
- Free cash flow — dividends paid $37.0m ÷ (operating cash flow $264.0m − capex $1,780.0m)
Where the figures came from
- 10-K filed 2026-03-19 · accession
0001628280-26-019656
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.
Caveats on this company
- DPS derived from dividends paid ($0.16); no per-share tag filed
- basis discarded as outside the sane band (distribution far larger than the year's income — usually a special dividend or a return of capital, not a payout ratio): earnings
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.