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 30.59% is 20% below its 5-year average of 38.46%, near the low end of its 5-year range (28.74%–80.65%).
As of the fiscal period ended Friday, June 26, 2026. 4.08% above its 12-month average of 29.39%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
30.59%
FCF PAYOUT RATIO AVG TTM
29.39%
FCF PAYOUT RATIO AVG 3Y
32.50%
FCF PAYOUT RATIO AVG 5Y
38.46%
FCF PAYOUT RATIO AVG 10Y
32.83%
FCF PAYOUT RATIO AVG 15Y
32.98%
FCF PAYOUT RATIO AVG 20Y
32.94%
CURRENT VS TTM AVG
+4.08%
CURRENT VS 3Y AVG
-5.87%
CURRENT VS 5Y AVG
-20.47%
CURRENT VS 10Y AVG
-6.81%
CURRENT VS 15Y AVG
-7.23%
CURRENT VS 20Y AVG
-7.12%
FCF Payout Ratio TTM
30.6%
Earnings Payout Ratio
36.9%
Dividend Yield
1.42%
FCF Yield
4.50%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $637.92M | $183.35M | 28.7% |
| 2024 | $514.96M | $172.09M | 33.4% |
| 2023 | $466.24M | $158.32M | 34.0% |
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 |
|---|---|
| 2026-06-26 | 30.59% |
| 2026-03-27 | 29.39% |
| 2025-12-26 | 28.74% |
| 2025-09-26 | 28.94% |
| 2025-06-27 | 29.31% |
| 2025-03-28 | 32.08% |
| 2024-12-27 | 33.42% |
| 2024-09-27 | 36.33% |
| 2024-06-28 | 35.89% |
| 2024-03-29 | 32.65% |
| 2023-12-31 | 33.96% |
| 2023-09-29 | 38.73% |
| 2023-06-30 | 46.78% |
| 2023-03-31 | 59.60% |
| 2022-12-31 | 80.65% |
| 2022-09-30 | 80.15% |
| 2022-07-01 | 66.14% |
| 2022-04-01 | 57.75% |
| 2021-12-31 | 39.31% |
| 2021-09-24 | 32.75% |
| 2021-06-25 | 32.25% |
| 2021-03-26 | 32.45% |
| 2020-12-31 | 36.25% |
| 2020-09-25 | 36.80% |
| 2020-06-26 | 36.43% |
| 2020-03-27 | 35.74% |
| 2019-12-31 | 36.61% |
| 2019-09-27 | 34.35% |
| 2019-06-28 | 36.78% |
| 2019-03-29 | 32.64% |
| 2018-12-31 | 28.28% |
| 2018-09-28 | 29.48% |
| 2018-06-29 | 26.41% |
| 2018-03-30 | 27.11% |
| 2017-12-31 | 27.04% |
| 2017-09-29 | 28.43% |
| 2017-06-30 | 27.06% |
| 2017-03-31 | 29.32% |
| 2016-12-31 | 32.35% |
| 2016-09-23 | 34.35% |
| 2016-06-24 | 53.15% |
| 2016-03-25 | 56.97% |
| 2015-12-31 | 46.95% |
| 2015-09-25 | 40.15% |
| 2015-06-26 | 30.95% |
| 2015-03-27 | 29.68% |
| 2014-12-31 | 31.51% |
| 2014-09-26 | 32.81% |
| 2014-06-27 | 32.72% |
| 2014-03-28 | 30.58% |
| 2013-12-31 | 27.82% |
| 2013-09-27 | 26.87% |
| 2013-06-28 | 27.56% |
| 2013-03-29 | 29.22% |
| 2012-12-31 | 31.67% |
| 2012-09-28 | 32.78% |
| 2012-06-29 | 33.46% |
| 2012-03-30 | 35.97% |
| 2011-12-31 | 36.90% |
| 2011-09-30 | 41.12% |
| 2011-07-01 | 51.92% |
| 2011-04-01 | 60.80% |
| 2010-12-31 | 57.59% |
| 2010-09-24 | 54.74% |
| 2010-06-25 | 48.72% |
| 2010-03-26 | 36.73% |
| 2009-12-31 | 33.80% |
| 2009-10-19 | 31.40% |
| 2009-06-26 | 29.70% |
| 2009-03-27 | 35.02% |
| 2008-12-31 | 33.85% |
| 2008-09-26 | 32.68% |
| 2008-06-27 | 29.19% |
| 2008-03-31 | 27.78% |
| 2007-12-31 | 30.82% |
| 2007-09-28 | 35.13% |
| 2007-06-29 | 42.29% |
| 2007-03-28 | 39.06% |
| 2006-12-31 | 32.38% |
| 2006-09-29 | 29.73% |
| 2006-06-30 | 25.51% |
| 2006-03-31 | 26.41% |
| 2005-12-31 | 26.86% |
| 2005-09-30 | 28.02% |
| 2005-07-01 | 30.39% |
| 2005-04-01 | 27.18% |
| 2004-12-31 | 122.54% |
| 2004-09-24 | 120.46% |
| 2004-06-25 | 118.24% |
| 2004-03-26 | 117.10% |
| 2003-12-31 | 16.18% |
| 2003-09-26 | 16.46% |
| 2003-06-27 | 17.78% |
| 2022 |
| $176.23M |
| $142.13M |
| 80.6% |
| 2021 | $323.33M | $127.11M | 39.3% |
| 2020 | $322.70M | $116.98M | 36.3% |
| 2019 | $290.78M | $106.44M | 36.6% |
| 2018 | $314.13M | $88.84M | 28.3% |
| 2017 | $297.67M | $80.48M | 27.0% |
| 2016 | $226.98M | $73.43M | 32.4% |
| 2015 | $147.89M | $69.43M | 46.9% |
| 2014 | $210.62M | $66.36M | 31.5% |
| 2013 | $219.74M | $61.14M | 27.8% |
| 2012 | $171.45M | $54.30M | 31.7% |
| 2011 | $137.26M | $50.65M | 36.9% |
| 2010 | $83.60M | $48.15M | 57.6% |
| 2009 | $134.47M | $45.44M | 33.8% |
| 2008 | $133.38M | $44.70M | 33.5% |
| 2007 | $140.14M | $43.19M | 30.8% |
| 2006 | $121.78M | $39.43M | 32.4% |
| 2005 | $133.32M | $35.80M | 26.9% |
| 2004 | $106.02M | $129.91M | 122.5% |
| 2003 | $94.29M | $15.25M | 16.2% |
| 2002 | $83.42M | $13.89M | 16.6% |
| 2001 | $58.98M | $12.34M | 20.9% |
| 2000 | $65.09M | $11.36M | 17.5% |
| 1999 | $48.30M | $8.90M | 18.4% |
| 1998 | $65.10M | $10.70M | 16.4% |
| 1997 | $16.20M | $9.60M | 59.3% |
| 1996 | $18.60M | $8.30M | 44.6% |
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.
