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 24.96% is 41% below its 5-year average of 42.44%, around the middle of its 5-year range (3.54%–64.87%).
As of the fiscal period ended Tuesday, June 30, 2026. 41.80% below its 12-month average of 42.88%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 24.96%.
FCF PAYOUT RATIO
24.96%
FCF PAYOUT RATIO AVG TTM
42.88%
FCF PAYOUT RATIO AVG 3Y
51.42%
FCF PAYOUT RATIO AVG 5Y
42.44%
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
-41.80%
CURRENT VS 3Y AVG
-51.47%
CURRENT VS 5Y AVG
-41.20%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
25.0%
Earnings Payout Ratio
34.8%
Dividend Yield
3.74%
FCF Yield
15.22%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $692.72M | $317.76M | 45.9% |
| 2024 | $918.15M | $529.91M | 57.7% |
| 2023 | $914.18M | $500.30M | 54.7% |
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 | 24.96% |
| 2026-03-31 | 60.98% |
| 2025-12-31 | 45.87% |
| 2025-09-30 | 39.22% |
| 2025-06-30 | 43.37% |
| 2025-03-31 | 42.90% |
| 2024-12-31 | 57.71% |
| 2024-09-30 | 58.20% |
| 2024-06-30 | 57.41% |
| 2024-03-31 | 56.12% |
| 2023-12-31 | 54.73% |
| 2023-09-30 | 62.13% |
| 2023-06-30 | 64.87% |
| 2023-03-31 | 53.42% |
| 2022-12-31 | 47.01% |
| 2022-09-30 | 37.99% |
| 2022-06-30 | 24.06% |
| 2022-03-31 | 23.34% |
| 2021-12-31 | 15.96% |
| 2021-09-30 | 17.38% |
| 2021-06-30 | 3.54% |
| 2021-03-31 | 4.79% |
| 2022 |
| $1.39B |
| $654.73M |
| 47.0% |
| 2021 | $698.39M | $111.91M | 16.0% |
| 2020 | ($43.62M) | $0 | N/A (Loss) |
| 2019 | $23.63M | $0 | 0.0% |
| 2018 | ($155.39M) | $0 | N/A (Loss) |
| 2017 | ($201.71M) | $0 | N/A (Loss) |
| 2016 | ($980.07M) | $0 | N/A (Loss) |
| 2015 | ($488.85M) | $0 | N/A (Loss) |
| 2014 | ($528.01M) | $0 | N/A (Loss) |
| 2013 | ($1.76B) | $0 | N/A (Loss) |
| 2012 | ($658.98M) | $0 | N/A (Loss) |
| 2011 | ($437.20M) | $0 | N/A (Loss) |
| 2010 | ($263.32M) | $0 | N/A (Loss) |
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.
