Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 129.80% 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
129.80%
FCF PAYOUT RATIO AVG TTM
341.01%
FCF PAYOUT RATIO AVG 3Y
341.01%
FCF PAYOUT RATIO AVG 5Y
300.61%
FCF PAYOUT RATIO AVG 10Y
70.90%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-61.94%
CURRENT VS 3Y AVG
-61.94%
CURRENT VS 5Y AVG
-56.82%
CURRENT VS 10Y AVG
+83.08%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
129.8%
Earnings Payout Ratio
235.8%
Dividend Yield
2.59%
FCF Yield
2.00%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $2.41B | $1.73B | 71.7% |
| 2024 | ($570.26M) | $1.63B | N/A (Loss) |
| 2023 | ($1.89B) | $1.52B | N/A (Loss) |
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 | 129.80% |
| 2026-03-31 | 151.78% |
| 2025-12-31 | 741.46% |
| 2021-06-30 | 179.41% |
| 2021-03-31 | 104.10% |
| 2020-12-31 | 72.62% |
| 2020-09-30 | 78.75% |
| 2020-06-30 | 83.29% |
| 2020-03-31 | 78.04% |
| 2019-12-31 | 65.84% |
| 2019-09-30 | 68.08% |
| 2019-06-30 | 63.77% |
| 2019-03-31 | 64.49% |
| 2018-12-31 | 67.19% |
| 2018-09-30 | 67.77% |
| 2018-06-30 | 77.20% |
| 2018-03-31 | 80.63% |
| 2017-12-31 | 69.89% |
| 2017-09-30 | 73.87% |
| 2017-06-30 | 62.81% |
| 2017-03-31 | 66.91% |
| 2016-12-31 | 66.36% |
| 2016-09-30 | 68.64% |
| 2016-06-30 | 70.89% |
| 2016-03-31 | 68.79% |
| 2015-12-31 | 68.57% |
| 2015-09-30 | 127.62% |
| 2015-06-30 | 135.41% |
| 2015-03-31 | 140.90% |
| 2014-12-31 | 142.01% |
| 2014-09-30 | 74.45% |
| 2014-06-30 | 69.42% |
| 2014-03-31 | 67.78% |
| 2013-12-31 | 67.62% |
| 2013-09-30 | 16.43% |
| 2013-06-30 | 35.71% |
| 2013-03-31 | 47.40% |
| 2012-12-31 | 68.72% |
| 2022 |
| ($983.71M) |
| $1.45B |
| N/A (Loss) |
| 2021 | ($818.54M) | $1.38B | N/A (Loss) |
| 2020 | ($472.14M) | $1.24B | N/A (Loss) |
| 2019 | $10.84M | $996.77M | n/m |
| 2018 | $11.66M | $930.78M | n/m |
| 2017 | ($178.17M) | $715.21M | N/A (Loss) |
| 2016 | $137.94M | $605.39M | 438.9% |
| 2015 | $21.50M | $548.06M | n/m |
| 2014 | ($87.45M) | $509.16M | N/A (Loss) |
| 2013 | $656.39M | $443.86M | 67.6% |
| 2012 | $542.95M | $373.10M | 68.7% |
| 2011 | ($442.67M) | $286.68M | N/A (Loss) |
| 2010 | ($1.35B) | $208.55M | N/A (Loss) |
| 2009 | ($249.54M) | $150.19M | N/A (Loss) |
| 2008 | ($426.84M) | $130.04M | N/A (Loss) |
| 2007 | ($520.34M) | $97.08M | N/A (Loss) |
| 2006 | ($505.88M) | $78.38M | N/A (Loss) |
| 2005 | ($390.05M) | $58.44M | N/A (Loss) |
| 2004 | ($313.08M) | $68.59M | N/A (Loss) |
| 2003 | ($186.28M) | $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.
