Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 95.43% 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
95.43%
FCF PAYOUT RATIO AVG TTM
87.64%
FCF PAYOUT RATIO AVG 3Y
104.59%
FCF PAYOUT RATIO AVG 5Y
127.71%
FCF PAYOUT RATIO AVG 10Y
186.22%
FCF PAYOUT RATIO AVG 15Y
172.37%
FCF PAYOUT RATIO AVG 20Y
161.34%
CURRENT VS TTM AVG
+8.88%
CURRENT VS 3Y AVG
-8.77%
CURRENT VS 5Y AVG
-25.28%
CURRENT VS 10Y AVG
-48.76%
CURRENT VS 15Y AVG
-44.64%
CURRENT VS 20Y AVG
-40.85%
FCF Payout Ratio TTM
95.4%
Earnings Payout Ratio
119.2%
Dividend Yield
3.89%
FCF Yield
6.49%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $386.22M | $460.95M | 119.3% |
| 2024 | $381.14M | $450.96M | 118.3% |
| 2023 | $384.02M | $434.88M | 113.2% |
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 | 95.43% |
| 2026-03-31 | 80.65% |
| 2025-12-31 | 69.58% |
| 2025-09-30 | 82.37% |
| 2025-06-30 | 110.18% |
| 2025-03-31 | 107.81% |
| 2024-12-31 | 118.32% |
| 2024-09-30 | 114.47% |
| 2024-06-30 | 122.16% |
| 2024-03-31 | 120.68% |
| 2023-12-31 | 113.24% |
| 2023-09-30 | 115.71% |
| 2023-06-30 | 109.12% |
| 2023-03-31 | 132.22% |
| 2022-12-31 | 134.39% |
| 2022-09-30 | 168.33% |
| 2022-06-30 | 210.67% |
| 2022-03-31 | 190.64% |
| 2021-12-31 | 230.61% |
| 2021-09-30 | 261.93% |
| 2021-06-30 | 347.14% |
| 2021-03-31 | 377.39% |
| 2020-12-31 | 362.06% |
| 2020-09-30 | 207.36% |
| 2020-06-30 | 174.97% |
| 2020-03-31 | 237.83% |
| 2019-12-31 | 214.30% |
| 2019-09-30 | 209.49% |
| 2019-06-30 | 297.65% |
| 2019-03-31 | 210.79% |
| 2018-12-31 | 206.21% |
| 2018-09-30 | 236.53% |
| 2018-06-30 | 216.77% |
| 2018-03-31 | 202.24% |
| 2017-12-31 | 207.10% |
| 2017-09-30 | 243.58% |
| 2017-06-30 | 727.18% |
| 2017-03-31 | 769.30% |
| 2016-12-31 | 662.63% |
| 2016-09-30 | 579.59% |
| 2016-06-30 | 250.38% |
| 2016-03-31 | 607.16% |
| 2013-12-31 | 463.57% |
| 2013-09-30 | 33.05% |
| 2013-06-30 | 59.39% |
| 2013-03-31 | 58.97% |
| 2012-12-31 | 58.29% |
| 2011-12-31 | 891.40% |
| 2011-09-30 | 206.35% |
| 2011-06-30 | 105.58% |
| 2011-03-31 | 85.64% |
| 2010-12-31 | 84.61% |
| 2010-09-30 | 90.00% |
| 2010-06-30 | 92.05% |
| 2010-03-31 | 99.75% |
| 2009-12-31 | 105.37% |
| 2007-06-30 | 363.99% |
| 2007-03-31 | 121.00% |
| 2006-12-31 | 97.50% |
| 2006-09-30 | 70.65% |
| 2006-06-30 | 89.94% |
| 2006-03-31 | 79.33% |
| 2005-12-31 | 65.13% |
| 2005-06-30 | 163.50% |
| 2005-03-31 | 207.99% |
| 2004-12-31 | 155.67% |
| 2004-09-30 | 168.69% |
| 2004-06-30 | 187.70% |
| 2004-03-31 | 161.88% |
| 2003-12-31 | 228.66% |
| 2003-09-30 | 168.74% |
| 2003-06-30 | 213.23% |
| 2022 |
| $295.28M |
| $396.82M |
| 134.4% |
| 2021 | $148.75M | $343.04M | 230.6% |
| 2020 | $92.07M | $333.36M | 362.1% |
| 2019 | $148.04M | $317.25M | 214.3% |
| 2018 | $144.52M | $298.00M | 206.2% |
| 2017 | $135.57M | $280.76M | 207.1% |
| 2016 | $100.11M | $663.36M | 662.6% |
| 2015 | ($2.34M) | $253.13M | N/A (Loss) |
| 2014 | ($84.80M) | $236.51M | N/A (Loss) |
| 2013 | $47.48M | $220.08M | 463.6% |
| 2012 | $33.54M | $189.02M | 563.6% |
| 2011 | $17.08M | $152.24M | 891.4% |
| 2010 | $160.30M | $135.63M | 84.6% |
| 2009 | $144.91M | $152.69M | 105.4% |
| 2008 | $17.69M | $172.33M | 974.2% |
| 2007 | ($277.71M) | $178.14M | N/A (Loss) |
| 2006 | $413.53M | $166.23M | 40.2% |
| 2005 | $200.84M | $148.32M | 73.8% |
| 2004 | $160.04M | $123.84M | 77.4% |
| 2003 | $137.96M | $121.08M | 87.8% |
| 2002 | $260.93M | $123.41M | 47.3% |
| 2001 | $208.59M | $119.23M | 57.2% |
| 2000 | $43.19M | $112.85M | 261.3% |
| 1999 | ($49.33M) | $108.25M | N/A (Loss) |
| 1998 | ($197.15M) | $89.11M | N/A (Loss) |
| 1997 | ($67.23M) | $55.51M | N/A (Loss) |
| 1996 | ($30.02M) | $27.46M | 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.
