Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 285.61% 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
285.61%
FCF PAYOUT RATIO AVG TTM
112.86%
FCF PAYOUT RATIO AVG 3Y
70.87%
FCF PAYOUT RATIO AVG 5Y
71.49%
FCF PAYOUT RATIO AVG 10Y
80.08%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+153.07%
CURRENT VS 3Y AVG
+302.97%
CURRENT VS 5Y AVG
+299.51%
CURRENT VS 10Y AVG
+256.65%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
285.6%
Earnings Payout Ratio
1220.0%
Dividend Yield
5.95%
FCF Yield
2.09%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.25B | $849.10M | 67.8% |
| 2024 | $1.07B | $794.78M | 74.2% |
| 2023 | $956.24M | $657.02M | 68.7% |
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 | 285.61% |
| 2026-03-31 | 71.70% |
| 2025-12-31 | 69.33% |
| 2025-09-30 | 69.77% |
| 2025-06-30 | 67.89% |
| 2025-03-31 | 70.49% |
| 2024-12-31 | 74.24% |
| 2024-09-30 | 73.56% |
| 2024-06-30 | 73.77% |
| 2024-03-31 | 70.20% |
| 2023-12-31 | 68.71% |
| 2023-09-30 | 70.18% |
| 2023-06-30 | 70.66% |
| 2023-03-31 | 73.82% |
| 2022-12-31 | 71.98% |
| 2022-09-30 | 70.75% |
| 2022-06-30 | 73.34% |
| 2022-03-31 | 74.93% |
| 2021-12-31 | 81.75% |
| 2021-09-30 | 87.03% |
| 2021-06-30 | 90.84% |
| 2021-03-31 | 97.02% |
| 2020-12-31 | 103.78% |
| 2020-09-30 | 101.83% |
| 2020-06-30 | 95.96% |
| 2020-03-31 | 93.46% |
| 2019-12-31 | 85.11% |
| 2019-09-30 | 84.20% |
| 2019-06-30 | 89.04% |
| 2019-03-31 | 86.31% |
| 2018-12-31 | 82.11% |
| 2018-09-30 | 82.74% |
| 2018-06-30 | 81.42% |
| 2018-03-31 | 81.81% |
| 2017-12-31 | 82.05% |
| 2017-09-30 | 81.33% |
| 2017-06-30 | 80.67% |
| 2017-03-31 | 77.72% |
| 2016-12-31 | 80.68% |
| 2016-09-30 | 79.03% |
| 2016-06-30 | 81.99% |
| 2016-03-31 | 83.62% |
| 2015-12-31 | 85.64% |
| 2015-09-30 | 83.87% |
| 2015-06-30 | 82.85% |
| 2015-03-31 | 82.18% |
| 2014-12-31 | 80.21% |
| 2014-09-30 | 83.37% |
| 2014-06-30 | 82.66% |
| 2014-03-31 | 81.94% |
| 2013-12-31 | 83.26% |
| 2013-09-30 | 111.76% |
| 2013-06-30 | 160.45% |
| 2013-03-31 | 173.97% |
| 2012-12-31 | 178.31% |
| 2022 |
| $900.26M |
| $648.05M |
| 72.0% |
| 2021 | $795.25M | $650.08M | 81.7% |
| 2020 | $758.43M | $787.07M | 103.8% |
| 2019 | $846.07M | $720.12M | 85.1% |
| 2018 | $848.71M | $696.91M | 82.1% |
| 2017 | $847.04M | $694.96M | 82.0% |
| 2016 | $1.21B | $979.54M | 80.7% |
| 2015 | $1.22B | $1.05B | 85.6% |
| 2014 | $1.25B | $1.00B | 80.2% |
| 2013 | $1.15B | $956.68M | 83.3% |
| 2012 | $1.03B | $865.31M | 83.6% |
| 2011 | $671.26M | $787.69M | 117.3% |
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.
