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 7.15% is 95% above its 3-year average of 3.66%, near the high end of its 3-year range (0.82%–7.15%).
As of the fiscal period ended Tuesday, June 30, 2026. 50.17% above its 12-month average of 4.76%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
7.15%
FCF PAYOUT RATIO AVG TTM
4.76%
FCF PAYOUT RATIO AVG 3Y
3.66%
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
+50.17%
CURRENT VS 3Y AVG
+95.15%
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
7.2%
Earnings Payout Ratio
3.1%
Dividend Yield
0.19%
FCF Yield
2.73%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.51B | $64.00M | 4.2% |
| 2024 | $1.55B | $55.00M | 3.5% |
| 2023 | $1.71B | $41.00M | 2.4% |
| 2022 | $1.80B | $0 | 0.0% |
| 2021 | $1.36B | $0 | 0.0% |
| 2020 | $1.43B | $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 |
|---|---|
| 2026-06-30 | 7.15% |
| 2026-03-31 | 4.21% |
| 2025-12-31 | 4.25% |
| 2025-09-30 | 4.43% |
| 2025-06-30 | 3.77% |
| 2025-03-31 | 4.15% |
| 2024-12-31 | 3.55% |
| 2024-09-30 | 3.19% |
| 2024-06-30 | 3.40% |
| 2024-03-31 | 3.31% |
| 2023-12-31 | 2.39% |
| 2023-09-30 | 1.63% |
| 2023-06-30 | 0.82% |
| 0.0% |
| 2019 | $1.66B | $0 | 0.0% |
