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 21.39% is in line with its 1-year average of 22.50%, near the low end of its 1-year range (21.39%–24.62%).
As of the fiscal period ended Monday, June 30, 2025.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
21.39%
FCF PAYOUT RATIO AVG TTM
N/A
FCF PAYOUT RATIO AVG 3Y
N/A
FCF PAYOUT RATIO AVG 5Y
N/A
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
21.4%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
15.22%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $4.34B | $0 | 0.0% |
| 2024 | $5.06B | $0 | 0.0% |
| 2023 | $3.77B | $0 | 0.0% |
| 2022 | $3.14B | $0 | 0.0% |
| 2021 | $2.87B | $0 | 0.0% |
| 2020 | $3.25B | $0 | 0.0% |
| 2019 | $2.07B | $0 | 0.0% |
| 2018 | $1.19B | $0 | 0.0% |
| 2017 | $1.20B | $0 | 0.0% |
| 2016 | $1.14B | $0 | 0.0% |
| 2015 | $987.00M | $0 | 0.0% |
| 2014 | $1.01B | $0 | 0.0% |
| 2013 | $803.00M | $0 | 0.0% |
| 2012 | $640.00M | $0 | 0.0% |
| 2011 | $761.00M | $0 | 0.0% |
| 2010 | $783.00M | $0 | 0.0% |
| 2009 | $652.00M | $0 | 0.0% |
| 2008 | $576.00M | $0 | 0.0% |
| 2007 | $471.00M | $0 | 0.0% |
| 2006 | $447.47M | $0 | 0.0% |
| 2005 | $432.17M | $0 | 0.0% |
| 2004 | $533.04M | $0 | 0.0% |
| 2003 | $374.86M | $0 | 0.0% |
| 2002 | $434.94M | $0 | 0.0% |
| 2001 | $374.16M | $0 | 0.0% |
| 2000 | $511.49M | $0 | 0.0% |
| 1999 | $108.14M | $0 | 0.0% |
| 1998 | $172.30M | $0 | 0.0% |
| 1997 | $129.80M | $0 | 0.0% |
| 1996 | $112.70M | $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 |
|---|---|
| 2025-06-30 | 21.39% |
| 2025-03-31 | 22.22% |
| 2024-12-31 | 21.79% |
| 2024-09-30 | 24.62% |
