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 10.66% is 39% below its 5-year average of 17.34%, near the low end of its 5-year range (8.69%–80.92%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.69% below its 12-month average of 10.95%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
10.66%
FCF PAYOUT RATIO AVG TTM
10.95%
FCF PAYOUT RATIO AVG 3Y
12.06%
FCF PAYOUT RATIO AVG 5Y
17.34%
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
-2.69%
CURRENT VS 3Y AVG
-11.62%
CURRENT VS 5Y AVG
-38.56%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
10.7%
Earnings Payout Ratio
18.1%
Dividend Yield
0.50%
FCF Yield
4.77%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.61B | $166.00M | 10.3% |
| 2024 | $1.41B | $130.00M | 9.2% |
| 2023 | $537.00M | $116.00M | 21.6% |
| 2022 | $472.00M | $103.28M | 21.9% |
| 2021 | $165.00M | $54.11M | 32.8% |
| 2020 | $256.00M | $0 |
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.
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 | 10.66% |
| 2026-03-31 | 10.44% |
| 2025-12-31 | 10.63% |
| 2025-09-30 | 11.78% |
| 2025-06-30 | 11.24% |
| 2025-03-31 | 8.69% |
| 2024-12-31 | 8.95% |
| 2024-09-30 | 10.25% |
| 2024-06-30 | 12.25% |
| 2024-03-31 | 15.36% |
| 2023-12-31 | 22.35% |
| 2023-09-30 | 23.10% |
| 2023-06-30 | 36.36% |
| 2023-03-31 | 20.55% |
| 2022-12-31 | 21.42% |
| 2022-09-30 | 23.90% |
| 2022-06-30 | 21.71% |
| 2022-03-31 | 80.92% |
| 2021-12-31 | 32.86% |
| 2021-09-30 | 16.77% |
| 2021-06-30 | 17.59% |
| 0.0% |
| 2019 | $244.00M | $0 | 0.0% |
| 2018 | $428.00M | $0 | 0.0% |
| 2017 | $722.00M | $0 | 0.0% |
| 2016 | $739.00M | $0 | 0.0% |
| 2015 | $832.06M | $0 | 0.0% |
