Green Plains Inc. (GPRE) — payout ratio, three ways
Fiscal year ending 2025-12-31 · sector Materials · payout ratios computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | negative | The company lost $1.80 per share, so there are no earnings to pay a dividend out of and no ratio exists. |
| Operating cash flow | 0.7% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | 1.0% | The most honest single-year figure here, because it nets out the capital spending that commodity producers cut hard in a downturn — which is also why it flatters a trough year. |
All bases agree, within a percentage point. No denominator flatters this dividend more than another; there is nothing here that a single headline figure would hide.
Coverage rating 74 / 100 — Adequate. ? Peer standing 49/50Direction 25/30Stability 0/20
Free cash flow payout, last 4 years
| Fiscal year | Payout |
|---|---|
| 2025-12-31 | 1.0% |
| 2016-12-31 | 87.5% |
| 2014-12-31 | 5.5% |
| 2013-12-31 | 2.8% |
Among the 36 materials companies here, 97% pay out a larger share on this basis — this is comfortable for the sector.
The arithmetic
- GAAP earnings — dividends declared per share $0.01 ÷ diluted EPS $-1.80
- Operating cash flow — dividends paid $0.7m ÷ operating cash flow $110.9m
- Free cash flow — dividends paid $0.7m ÷ (operating cash flow $110.9m − capex $37.2m)
Where the figures came from
- 10-K filed 2026-02-10 · accession
0001309402-26-000019
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 ($0.01); no per-share tag filed
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.