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 19.26% is 55% below its 5-year average of 42.73%, near the low end of its 5-year range (16.85%–592.62%).
As of the fiscal period ended Friday, July 31, 2026. 7.73% below its 12-month average of 20.87%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
19.26%
FCF PAYOUT RATIO AVG TTM
20.87%
FCF PAYOUT RATIO AVG 3Y
31.18%
FCF PAYOUT RATIO AVG 5Y
42.73%
FCF PAYOUT RATIO AVG 10Y
23.73%
FCF PAYOUT RATIO AVG 15Y
23.79%
FCF PAYOUT RATIO AVG 20Y
22.47%
CURRENT VS TTM AVG
-7.73%
CURRENT VS 3Y AVG
-38.24%
CURRENT VS 5Y AVG
-54.94%
CURRENT VS 10Y AVG
-18.85%
CURRENT VS 15Y AVG
-19.07%
CURRENT VS 20Y AVG
-14.32%
FCF Payout Ratio TTM
19.3%
Earnings Payout Ratio
30.7%
Dividend Yield
1.77%
FCF Yield
9.16%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $2.39B | $519.51M | 21.7% |
| 2025 | $1.69B | $518.98M | 30.8% |
| 2024 | $691.58M | $517.98M | 74.9% |
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 |
|---|---|
| 2026-07-31 | 19.26% |
| 2026-05-01 | 17.97% |
| 2026-01-30 | 16.85% |
| 2025-10-31 | 22.20% |
| 2025-08-01 | 28.06% |
| 2025-05-02 | 27.03% |
| 2025-01-31 | 30.78% |
| 2024-11-01 | 31.48% |
| 2024-08-02 | 30.69% |
| 2024-05-03 | 43.72% |
| 2024-02-02 | 74.90% |
| 2023-11-03 | 111.89% |
| 2023-08-04 | 537.97% |
| 2023-05-05 | 592.62% |
| 2023-02-03 | 116.45% |
| 2022-10-28 | 90.57% |
| 2022-07-29 | 34.50% |
| 2022-04-29 | 27.15% |
| 2022-01-28 | 21.84% |
| 2021-10-29 | 23.78% |
| 2021-07-30 | 32.11% |
| 2021-04-30 | 21.08% |
| 2021-01-29 | 12.50% |
| 2020-10-30 | 11.66% |
| 2020-07-31 | 11.06% |
| 2020-05-01 | 13.08% |
| 2020-01-31 | 22.54% |
| 2019-11-01 | 20.27% |
| 2019-08-02 | 20.85% |
| 2019-05-03 | 21.42% |
| 2019-02-01 | 21.75% |
| 2018-11-02 | 20.57% |
| 2018-08-03 | 20.95% |
| 2018-05-04 | 24.67% |
| 2018-02-02 | 24.48% |
| 2017-11-03 | 28.74% |
| 2017-08-04 | 28.38% |
| 2017-05-05 | 25.40% |
| 2017-02-03 | 26.91% |
| 2016-10-28 | 22.99% |
| 2016-07-29 | 24.73% |
| 2016-04-29 | 28.22% |
| 2016-01-29 | 29.58% |
| 2015-10-30 | 24.94% |
| 2015-07-31 | 13.73% |
| 2015-05-01 | 6.49% |
| 2010-10-29 | 67.91% |
| 2010-07-30 | 60.98% |
| 2010-04-30 | 67.19% |
| 2010-01-29 | 57.37% |
| 2008-10-31 | 13.92% |
| 2008-08-01 | 10.54% |
| 2008-05-02 | 11.06% |
| 2008-02-01 | 20.70% |
| 2007-10-31 | 7.60% |
| 2007-07-31 | 10.17% |
| 2007-05-04 | 26.91% |
| 2007-02-02 | 43.43% |
| 2006-11-03 | 116.90% |
| 2006-05-05 | 31.16% |
| 2006-02-03 | 20.70% |
| 2005-10-28 | 18.13% |
| 2005-07-29 | 20.41% |
| 2005-04-29 | 61.99% |
| 2005-01-28 | 54.00% |
| 2004-10-29 | 48.14% |
| 2004-07-30 | 23.28% |
| 2004-04-30 | 12.07% |
| 2004-01-30 | 12.70% |
| 2003-10-31 | 13.07% |
| 2003-08-01 | 13.25% |
| 2023 |
| $423.97M |
| $493.73M |
| 116.5% |
| 2022 | $1.80B | $392.19M | 21.8% |
| 2021 | $2.85B | $355.93M | 12.5% |
| 2020 | $1.45B | $327.57M | 22.5% |
| 2019 | $1.41B | $306.52M | 21.8% |
| 2018 | $1.16B | $282.93M | 24.5% |
| 2017 | $1.04B | $281.13M | 26.9% |
| 2016 | $873.18M | $258.33M | 29.6% |
| 2015 | $940.78M | $0 | 0.0% |
| 2014 | $674.62M | $0 | 0.0% |
| 2013 | $559.76M | $0 | 0.0% |
| 2012 | $535.62M | $0 | 0.0% |
| 2011 | $404.29M | $0 | 0.0% |
| 2010 | $417.90M | $239.73M | 57.4% |
| 2009 | $369.63M | $0 | 0.0% |
| 2008 | $301.76M | $15.71M | 5.2% |
| 2007 | $143.84M | $62.47M | 43.4% |
| 2006 | $271.37M | $56.18M | 20.7% |
| 2005 | $97.56M | $52.68M | 54.0% |
| 2004 | $369.19M | $46.88M | 12.7% |
| 2003 | $299.73M | $42.64M | 14.2% |
| 2001 | ($1.08M) | $42.24M | N/A (Loss) |
| 2001 | $140.26M | $42.52M | 30.3% |
| 2000 | ($12.38M) | $34.06M | N/A (Loss) |
| 1999 | $78.28M | $27.61M | 35.3% |
| 1998 | $31.42M | $22.44M | 71.4% |
| 1997 | $85.68M | $16.86M | 19.7% |
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.
