Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is N/A as of the fiscal period ended Thursday, December 31, 2026.
Reported annual FCF payout ratio; periods with losses or near-zero free cash flow are omitted. Historical series through 2026-12-31.
FCF PAYOUT RATIO
N/A
FCF PAYOUT RATIO AVG TTM
N/A
FCF PAYOUT RATIO AVG 3Y
29.40%
FCF PAYOUT RATIO AVG 5Y
27.37%
FCF PAYOUT RATIO AVG 10Y
102.95%
FCF PAYOUT RATIO AVG 15Y
35.26%
FCF PAYOUT RATIO AVG 20Y
35.11%
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
N/A
Earnings Payout Ratio
30.0%
Dividend Yield
4.05%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $756.08M | $211.00M | 27.9% |
| 2025 | $598.85M | $197.33M | 33.0% |
| 2024 | $657.18M | $179.78M | 27.4% |
| 2023 | $752.14M | $177.93M | 23.7% |
| 2022 | $746.58M | $186.48M | 25.0% |
| 2021 | $573.14M | $195.07M | 34.0% |
| 2020 | $27.28M | $204.87M | 751.1% |
| 2019 | $511.05M | $205.46M | 40.2% |
| 2018 | $751.42M | $200.47M | 26.7% |
| 2017 | $460.84M | $187.12M | 40.6% |
| 2016 | $432.47M | $201.69M | 46.6% |
| 2015 | $503.45M | $219.96M | 43.7% |
| 2014 | $662.57M | $218.98M | 33.1% |
| 2013 | $383.87M | $217.20M | 56.6% |
| 2012 | $279.59M | $208.80M | 74.7% |
| 2011 | $449.54M | $186.80M | 41.6% |
| 2010 | $496.95M | $200.90M | 40.4% |
| 2009 | $926.56M | $198.69M | 21.4% |
| 2008 | $109.88M | $183.63M | 167.1% |
| 2007 | ($745.82M) | $171.97M | N/A (Loss) |
| 2006 | $335.18M | $160.03M | 47.7% |
| 2005 | $304.33M | $142.99M | 47.0% |
| 2004 | $799.23M | $138.40M | 17.3% |
| 2003 | $539.93M | $125.90M | 23.3% |
| 2002 | $629.67M | $115.72M | 18.4% |
| 2001 | $205.48M | $108.37M | 52.7% |
| 2000 | $392.24M | $105.48M | 26.9% |
| 1999 | $141.95M | $95.00M | 66.9% |
| 1998 | $138.20M | $83.64M | 60.5% |
| 1997 | ($86.53M) | $107.99M | 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.
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 |
|---|---|
| 2026-12-31 | 27.91% |
| 2025-06-30 | 32.95% |
| 2024-06-30 | 27.36% |
| 2023-06-30 | 23.66% |
| 2022-06-30 | 24.98% |
| 2021-06-11 | 34.04% |
| 2020-07-31 | 751.10% |
| 2019-04-30 | 40.20% |
| 2018-04-30 | 26.68% |
| 2017-04-30 | 40.60% |
| 2016-04-30 | 46.64% |
| 2015-04-30 | 43.69% |
| 2014-04-30 | 33.05% |
| 2013-04-30 | 56.58% |
| 2012-04-30 | 74.68% |
| 2011-04-30 | 41.55% |
| 2010-04-30 | 40.43% |
| 2009-04-30 | 21.44% |
| 2008-04-30 | 167.12% |
| 2006-04-30 | 47.75% |
| 2005-04-30 | 46.98% |
| 2004-04-30 | 17.32% |
| 2003-04-30 | 23.32% |
| 2002-04-30 | 18.38% |
| 2001-04-30 | 52.74% |
| 2000-04-30 | 26.89% |
| 1999-04-30 | 66.93% |
| 1998-04-30 | 60.52% |
