KULICKE & SOFFA INDUSTRIES INC (KLIC) — payout ratio, two ways
Fiscal year ending 2025-10-04 · sector Technology · payout ratios computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| Operating cash flow | 47.6% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | 56.1% | What is left after maintaining the business. |
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.
Spread between highest and lowest: 8 percentage points. Same filings, different denominators.
Coverage rating 9 / 100 — Not covered. ? Peer standing 5/50Direction 4/30Stability 0/20
Free cash flow payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2025-10-04 | 56.1% |
| 2024-09-28 | 296.6% |
| 2023-09-30 | 32.6% |
| 2022-10-01 | 10.7% |
| 2021-10-02 | 12.1% |
| 2020-10-03 | 36.6% |
Among the 42 technology companies here, only 10% pay out a larger share on this basis — this is at the demanding end.
The arithmetic
- Operating cash flow — dividends paid $54.1m ÷ operating cash flow $113.6m
- Free cash flow — dividends paid $54.1m ÷ (operating cash flow $113.6m − capex $17.2m)
Where the figures came from
- 10-K filed 2025-11-20 · accession
0000056978-25-000081
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
- 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.