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 184.85% is 166% above its 5-year average of 69.56%, around the middle of its 5-year range (25.19%–445.35%).
As of the fiscal period ended Saturday, August 1, 2026. 0.41% above its 12-month average of 184.10%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
184.85%
FCF PAYOUT RATIO AVG TTM
184.10%
FCF PAYOUT RATIO AVG 3Y
76.56%
FCF PAYOUT RATIO AVG 5Y
69.56%
FCF PAYOUT RATIO AVG 10Y
41.05%
FCF PAYOUT RATIO AVG 15Y
38.79%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+0.41%
CURRENT VS 3Y AVG
+141.43%
CURRENT VS 5Y AVG
+165.73%
CURRENT VS 10Y AVG
+350.27%
CURRENT VS 15Y AVG
+376.60%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
184.9%
Earnings Payout Ratio
48.2%
Dividend Yield
3.65%
FCF Yield
1.97%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $400.17M | $413.85M | 103.4% |
| 2025 | $509.27M | $361.73M | 71.0% |
| 2024 | $939.91M | $351.20M | 37.4% |
| 2023 | $557.81M | $163.08M | 29.2% |
| 2022 | $1.31B | $602.96M | 46.1% |
| 2021 | $1.33B | $107.40M | 8.1% |
| 2020 | $187.15M | $98.31M | 52.5% |
| 2019 | $514.54M | $89.27M | 17.4% |
| 2018 | $271.96M | $73.10M | 26.9% |
| 2017 | $337.06M | $67.97M | 20.2% |
| 2016 | $273.49M | $64.72M | 23.7% |
| 2015 | $256.97M | $61.26M | 23.8% |
| 2014 | $118.20M | $64.43M | 54.5% |
| 2013 | $219.26M | $306.97M | 140.0% |
| 2012 | $208.61M | $60.46M | 29.0% |
| 2011 | $230.90M | $0 | 0.0% |
| 2010 | $261.06M | $0 | 0.0% |
| 2009 | ($56.72M) | $0 | N/A (Loss) |
| 2008 | $90.47M | $0 | 0.0% |
| 2007 | $5.93M | $0 | 0.0% |
| 2006 | $57.53M | $0 | 0.0% |
| 2005 | $2.90M | $0 | 0.0% |
| 2004 | $32.15M | $0 | 0.0% |
| 2003 | $32.14M | $0 | 0.0% |
| 2002 | ($20.21M) | $0 | N/A (Loss) |
| 2001 | $17.84M | $0 | 0.0% |
| 2000 | $19.84M | $0 | 0.0% |
| 1999 | $14.45M | $0 | 0.0% |
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 |
|---|---|
| 2026-08-01 | 184.85% |
| 2026-05-02 | 106.25% |
| 2026-01-31 | 103.42% |
| 2025-11-01 | 445.35% |
| 2025-08-02 | 80.61% |
| 2025-05-03 | 105.41% |
| 2025-01-31 | 71.03% |
| 2024-11-02 | 50.57% |
| 2024-08-03 | 46.08% |
| 2024-05-04 | 29.71% |
| 2024-01-31 | 37.37% |
| 2023-10-28 | 26.90% |
| 2023-07-29 | 25.19% |
| 2023-04-29 | 39.67% |
| 2023-01-31 | 29.24% |
| 2022-10-29 | 54.20% |
| 2022-07-30 | 163.78% |
| 2022-04-30 | 77.13% |
| 2022-01-31 | 46.08% |
| 2021-10-30 | 44.21% |
| 2021-07-31 | 8.31% |
| 2021-05-01 | 5.69% |
| 2021-01-31 | 8.08% |
| 2020-10-31 | 7.89% |
| 2020-08-01 | 9.16% |
| 2020-05-02 | 54.68% |
| 2020-01-31 | 52.53% |
| 2019-11-02 | 86.33% |
| 2019-08-03 | 60.21% |
| 2019-05-04 | 29.48% |
| 2019-01-31 | 17.35% |
| 2018-11-03 | 15.38% |
| 2018-08-04 | 16.91% |
| 2018-05-05 | 27.60% |
| 2018-01-31 | 26.88% |
| 2017-10-28 | 36.26% |
| 2017-07-29 | 21.43% |
| 2017-04-29 | 19.98% |
| 2017-01-31 | 20.17% |
| 2016-10-29 | 21.61% |
| 2016-07-30 | 27.44% |
| 2016-04-30 | 30.23% |
| 2016-01-31 | 23.66% |
| 2015-10-31 | 23.91% |
| 2015-08-01 | 20.77% |
| 2015-05-02 | 22.42% |
| 2015-01-31 | 23.84% |
| 2014-11-01 | 30.36% |
| 2014-08-02 | 29.77% |
| 2014-05-03 | 35.42% |
| 2014-01-31 | 54.51% |
| 2013-11-02 | 799.59% |
| 2013-08-03 | 197.06% |
| 2013-05-04 | 183.30% |
| 2013-01-31 | 140.00% |
| 2012-10-27 | 43.08% |
| 2012-07-28 | 64.89% |
| 2012-04-28 | 38.59% |
| 2012-01-31 | 28.98% |
