Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 80.11% as of the fiscal period ended Tuesday, June 30, 2026.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
80.11%
FCF PAYOUT RATIO AVG TTM
66.49%
FCF PAYOUT RATIO AVG 3Y
64.60%
FCF PAYOUT RATIO AVG 5Y
63.66%
FCF PAYOUT RATIO AVG 10Y
63.10%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+20.48%
CURRENT VS 3Y AVG
+24.00%
CURRENT VS 5Y AVG
+25.84%
CURRENT VS 10Y AVG
+26.94%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
80.1%
Earnings Payout Ratio
N/A
Dividend Yield
7.20%
FCF Yield
9.62%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.41B | $911.45M | 64.5% |
| 2024 | $1.50B | $898.56M | 59.7% |
| 2023 | $1.63B | $847.48M | 52.0% |
| 2022 | $1.29B | $757.74M | 58.5% |
| 2021 | ($6.32B) | $655.97M | N/A (Loss) |
| 2020 | $882.51M | $532.98M |
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 | 80.11% |
| 2026-03-31 | 57.40% |
| 2025-12-31 | 64.46% |
| 2025-09-30 | 66.26% |
| 2025-06-30 | 64.22% |
| 2025-03-31 | 66.12% |
| 2024-12-31 | 59.72% |
| 2024-09-30 | 69.88% |
| 2024-06-30 | 72.26% |
| 2024-03-31 | 67.47% |
| 2023-12-31 | 68.39% |
| 2023-09-30 | 51.57% |
| 2023-06-30 | 51.97% |
| 2023-03-31 | 55.58% |
| 2022-12-31 | 58.54% |
| 2022-09-30 | 64.55% |
| 2020-12-31 | 60.39% |
| 2020-09-30 | 56.98% |
| 2013-03-31 | 360.93% |
| 60.4% |
| 2019 | $683.86M | $451.17M | 66.0% |
| 2018 | ($1.37B) | $385.84M | N/A (Loss) |
| 2017 | ($1.10B) | $321.75M | N/A (Loss) |
| 2016 | ($1.04B) | $262.76M | N/A (Loss) |
| 2015 | ($340.73M) | $243.09M | N/A (Loss) |
| 2014 | ($209.75M) | $228.27M | N/A (Loss) |
| 2013 | ($248.76M) | $194.96M | N/A (Loss) |
| 2012 | ($249.49M) | $154.32M | N/A (Loss) |
| 2011 | ($488.11M) | $136.51M | N/A (Loss) |
| 2010 | ($497.76M) | $100.46M | N/A (Loss) |
| 2009 | ($240.18M) | $118.85M | N/A (Loss) |
| 2008 | ($316.05M) | $126.08M | N/A (Loss) |
| 2007 | ($764.64M) | $102.63M | N/A (Loss) |
| 2006 | ($849.89M) | $87.58M | N/A (Loss) |
| 2005 | ($313.55M) | $73.07M | N/A (Loss) |
| 2004 | ($383.21M) | $58.43M | N/A (Loss) |
| 2003 | ($100.47M) | $49.33M | N/A (Loss) |
| 2002 | ($146.42M) | $41.40M | N/A (Loss) |
| 2001 | $2.95M | $32.76M | n/m |
| 2000 | ($86.00M) | $28.39M | N/A (Loss) |
| 1999 | ($67.50M) | $23.60M | N/A (Loss) |
| 1998 | ($214.70M) | $19.20M | N/A (Loss) |
| 1997 | ($83.70M) | $9.90M | N/A (Loss) |
| 1996 | ($96.50M) | $1.60M | N/A (Loss) |
