Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 73.93% as of the fiscal period ended Tuesday, March 31, 2026.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
73.93%
FCF PAYOUT RATIO AVG TTM
86.11%
FCF PAYOUT RATIO AVG 3Y
123.15%
FCF PAYOUT RATIO AVG 5Y
156.19%
FCF PAYOUT RATIO AVG 10Y
203.02%
FCF PAYOUT RATIO AVG 15Y
235.17%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-14.15%
CURRENT VS 3Y AVG
-39.97%
CURRENT VS 5Y AVG
-52.67%
CURRENT VS 10Y AVG
-63.59%
CURRENT VS 15Y AVG
-68.57%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
73.9%
Earnings Payout Ratio
94.4%
Dividend Yield
3.59%
FCF Yield
4.84%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $331.04M | $388.06M | 117.2% |
| 2024 | $327.80M | $371.59M | 113.4% |
| 2023 | $244.71M | $359.19M | 146.8% |
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 |
|---|---|
| 2026-03-31 | 73.93% |
| 2025-12-31 | 73.46% |
| 2025-09-30 | 72.08% |
| 2025-06-30 | 109.84% |
| 2025-03-31 | 101.23% |
| 2024-12-31 | 113.12% |
| 2024-09-30 | 118.17% |
| 2024-06-30 | 123.20% |
| 2024-03-31 | 141.47% |
| 2023-12-31 | 146.78% |
| 2023-09-30 | 196.68% |
| 2023-06-30 | 207.78% |
| 2023-03-31 | 236.37% |
| 2022-12-31 | 347.05% |
| 2022-09-30 | 281.61% |
| 2022-06-30 | 506.12% |
| 2019-12-31 | 603.07% |
| 2019-09-30 | 266.95% |
| 2019-06-30 | 214.17% |
| 2019-03-31 | 215.23% |
| 2018-12-31 | 202.92% |
| 2018-09-30 | 346.01% |
| 2018-06-30 | 757.46% |
| 2016-06-30 | 308.53% |
| 2016-03-31 | 266.86% |
| 2015-12-31 | 314.76% |
| 2015-09-30 | 340.70% |
| 2013-12-31 | 792.48% |
| 2013-09-30 | 237.57% |
| 2013-06-30 | 275.27% |
| 2013-03-31 | 168.60% |
| 2012-12-31 | 155.12% |
| 2012-06-30 | 484.05% |
| 2012-03-31 | 498.46% |
| 2011-09-30 | 268.72% |
| 2011-06-30 | 306.53% |
| 2011-03-31 | 276.41% |
| 2010-12-31 | 152.45% |
| 2010-09-30 | 129.64% |
| 2010-06-30 | 111.09% |
| 2010-03-31 | 111.35% |
| 2009-12-31 | 112.60% |
| 2009-09-30 | 118.64% |
| 2009-06-30 | 232.34% |
| 2009-03-31 | 862.58% |
| 2008-06-30 | 207.35% |
| 2008-03-31 | 459.01% |
| 2022 |
| $100.07M |
| $347.28M |
| 347.0% |
| 2021 | $30.84M | $335.66M | n/m |
| 2020 | ($132.01M) | $324.60M | N/A (Loss) |
| 2019 | $52.01M | $313.65M | 603.1% |
| 2018 | $148.43M | $301.19M | 202.9% |
| 2017 | ($59.76M) | $283.00M | N/A (Loss) |
| 2016 | ($18.03M) | $267.69M | N/A (Loss) |
| 2015 | $77.30M | $243.31M | 314.8% |
| 2014 | ($14.83M) | $215.22M | N/A (Loss) |
| 2013 | $24.36M | $193.02M | 792.5% |
| 2012 | $115.96M | $179.88M | 155.1% |
| 2011 | ($1.31M) | $169.25M | N/A (Loss) |
| 2010 | $110.51M | $168.47M | 152.4% |
| 2009 | $144.16M | $162.32M | 112.6% |
| 2008 | ($9.33M) | $146.42M | N/A (Loss) |
| 2007 | $144.72M | $131.44M | 90.8% |
| 2006 | ($202.26M) | $139.84M | N/A (Loss) |
| 2005 | $77.54M | $130.50M | 168.3% |
| 2004 | $59.42M | $108.76M | 183.0% |
| 2003 | $71.76M | $104.80M | 146.0% |
| 2002 | $119.07M | $96.46M | 81.0% |
| 2001 | ($213.35M) | $80.59M | N/A (Loss) |
| 2000 | ($86.80M) | $77.50M | N/A (Loss) |
| 1999 | ($39.29M) | $76.62M | N/A (Loss) |
| 1998 | ($168.50M) | $74.28M | N/A (Loss) |
| 1997 | ($480.88M) | $62.62M | N/A (Loss) |
| 1996 | ($148.29M) | $52.08M | 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.
