Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the FCF payout ratio high or low?
The FCF payout ratio of 17.27% is 45% below its 5-year average of 31.34%, near the low end of its 5-year range (0.31%–70.28%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.22% above its 12-month average of 16.89%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 17.27%.
FCF PAYOUT RATIO
17.27%
FCF PAYOUT RATIO AVG TTM
16.89%
FCF PAYOUT RATIO AVG 3Y
26.29%
FCF PAYOUT RATIO AVG 5Y
31.34%
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+2.22%
CURRENT VS 3Y AVG
-34.32%
CURRENT VS 5Y AVG
-44.89%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
17.3%
Earnings Payout Ratio
18.9%
Dividend Yield
1.96%
FCF Yield
11.16%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $724.52M | $120.83M | 16.7% |
| 2024 | $686.26M | $111.72M | 16.3% |
| 2023 | $632.04M | $212.96M | 33.7% |
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-06-30 | 17.27% |
| 2026-03-31 | 16.97% |
| 2025-12-31 | 16.68% |
| 2025-09-30 | 16.89% |
| 2025-06-30 | 16.67% |
| 2025-03-31 | 15.76% |
| 2024-12-31 | 16.28% |
| 2024-09-30 | 31.29% |
| 2024-06-30 | 32.36% |
| 2024-03-31 | 30.81% |
| 2023-12-31 | 33.69% |
| 2023-09-30 | 46.51% |
| 2023-06-30 | 50.63% |
| 2023-03-31 | 52.70% |
| 2022-12-31 | 44.74% |
| 2022-09-30 | 43.67% |
| 2022-06-30 | 36.53% |
| 2022-03-31 | 33.06% |
| 2021-12-31 | 35.01% |
| 2021-09-30 | 0.31% |
| 2021-06-30 | 70.28% |
| 2021-03-31 | 64.21% |
| 2020-12-31 | 62.09% |
| 2020-09-30 | 101.33% |
| 2020-06-30 | 41.65% |
| 2020-03-31 | 47.36% |
| 2019-12-31 | 50.00% |
| 2022 |
| $553.89M |
| $250.78M |
| 45.3% |
| 2021 | ($113.53M) | $200.29M | N/A (Loss) |
| 2020 | $704.35M | $437.35M | 62.1% |
| 2019 | $324.03M | $250.00M | 77.2% |
| 2018 | $511.12M | $50.00M | 9.8% |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
