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 5.91% is 29% below its 5-year average of 8.35%, near the low end of its 5-year range (5.91%–16.06%).
As of the fiscal period ended Friday, July 3, 2026. 28.17% below its 12-month average of 8.22%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
5.91%
FCF PAYOUT RATIO AVG TTM
8.22%
FCF PAYOUT RATIO AVG 3Y
8.16%
FCF PAYOUT RATIO AVG 5Y
8.35%
FCF PAYOUT RATIO AVG 10Y
10.02%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-28.17%
CURRENT VS 3Y AVG
-27.61%
CURRENT VS 5Y AVG
-29.29%
CURRENT VS 10Y AVG
-41.03%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
5.9%
Earnings Payout Ratio
14.1%
Dividend Yield
0.42%
FCF Yield
5.45%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $978.10M | $92.20M | 9.4% |
| 2024 | $1.41B | $111.20M | 7.9% |
| 2023 | $1.25B | $102.00M | 8.2% |
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 |
|---|---|
| 2026-07-03 | 5.91% |
| 2026-04-03 | 8.59% |
| 2025-12-31 | 9.43% |
| 2025-09-26 | 8.97% |
| 2025-06-27 | 7.81% |
| 2025-03-28 | 7.85% |
| 2024-12-31 | 7.83% |
| 2024-09-27 | 8.27% |
| 2024-06-28 | 8.33% |
| 2024-03-29 | 7.95% |
| 2023-12-31 | 8.19% |
| 2023-09-29 | 7.82% |
| 2023-06-30 | 8.34% |
| 2023-03-31 | 8.54% |
| 2022-12-31 | 8.24% |
| 2022-09-30 | 9.68% |
| 2022-07-01 | 10.28% |
| 2022-04-01 | 11.98% |
| 2021-12-31 | 14.51% |
| 2021-10-01 | 16.06% |
| 2021-07-02 | 14.67% |
| 2021-04-02 | 12.78% |
| 2020-12-31 | 11.37% |
| 2020-09-25 | 10.82% |
| 2020-06-26 | 10.40% |
| 2020-03-27 | 12.30% |
| 2019-12-31 | 14.05% |
| 2019-09-27 | 12.73% |
| 2019-06-28 | 14.34% |
| 2019-03-29 | 12.08% |
| 2018-12-31 | 10.67% |
| 2018-09-28 | 9.44% |
| 2018-06-29 | 8.42% |
| 2018-03-30 | 9.19% |
| 2017-12-31 | 9.34% |
| 2017-09-29 | 10.74% |
| 2017-06-30 | 10.55% |
| 2017-03-31 | 7.41% |
| 2016-12-31 | 4.80% |
| 2016-09-30 | 2.23% |
| 2022 |
| $1.21B |
| $99.50M |
| 8.2% |
| 2021 | $911.10M | $132.20M | 14.5% |
| 2020 | $1.36B | $163.40M | 12.0% |
| 2019 | $1.16B | $162.80M | 14.0% |
| 2018 | $1.23B | $131.50M | 10.7% |
| 2017 | $1.04B | $97.20M | 9.3% |
| 2016 | $1.01B | $3.05B | 302.6% |
| 2015 | $888.90M | $0 | 0.0% |
| 2014 | $844.10M | $0 | 0.0% |
| 2013 | $949.10M | $0 | 0.0% |
| 2012 | $874.40M | $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.
