Dividend Basis payout ratios, computed from filings

Cash conversion

Whether the reported profit actually arrives as cash.

FormulaOperating cash flow ÷ net income
Companies reporting it414 of 573
Median1.78x
Middle half1.36x – 2.42x
Range-2.84x – 45.90x

When it lies. Below 1 for one year is ordinary. Below 1 for five years running is the most reliable early warning in these tables.

By sector

Sectorn Median25th75th
not classified16.63x6.63x6.63x
Energy312.54x2.28x3.19x
Utilities582.23x1.83x2.43x
Communications152.16x1.68x2.54x
Real estate431.84x1.50x2.75x
Consumer discretionary441.59x1.41x2.08x
Consumer staples351.58x1.28x2.70x
Health care401.55x1.11x2.01x
Materials311.53x1.36x1.89x
Industrials771.51x1.17x2.01x
Technology391.46x1.25x1.88x

Highest cash conversion

#TickerCompany SectorCash conversion
1CHRDChord EnergyEnergy45.90x
2NOGNorthern Oil & GasEnergy38.84x
3SNDSmart SandMaterials32.80x
4PVHPVHConsumer discretionary26.89x
5WSWorthington SteelMaterials23.67x
6KNXKnight-Swift Transportation HoldingsIndustrials19.21x
7DOCHealthpeak PropertiesReal estate17.55x
8GPCGenuine PartsIndustrials13.51x
9STMSTMicroelectronics N.V.Technology12.96x
10MURMurphy OilEnergy11.97x
11EEExcelerate EnergyUtilities11.77x
12GMGeneral MotorsIndustrials9.96x
13ELEstee Lauder CompaniesConsumer staples9.74x
14IRMIron MountainReal estate8.80x
15GOLDGold.comIndustrials8.80x
16NOVNOVIndustrials8.63x
17RLJRLJ Lodging TrustReal estate8.55x
18NXSTNexstar Media GroupCommunications8.17x
19KRKrogerConsumer staples7.20x
20CCICrown CastleReal estate6.89x

Lowest

#TickerCompany SectorCash conversion
414LITSLite StrategyHealth care-2.84x
413RITMRithm CapitalReal estate-1.85x
412ARDTArdent HealthHealth care-0.20x
411LENLennarIndustrials0.10x
410CKXCKX LandsEnergy0.22x
409DSWLDeswell IndustriesMaterials0.49x
408NOBHNobility HomesMaterials0.49x
407KOCoca ColaConsumer staples0.57x
406SUISun CommunitiesReal estate0.61x
405IIINInsteel IndustriesMaterials0.66x

The other metrics

All metrics, and which ones to ignore