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 82.08% is 11% above its 5-year average of 73.80%, around the middle of its 5-year range (52.48%–118.50%).
As of the fiscal period ended Sunday, July 26, 2026. 18.48% below its 12-month average of 100.68%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
82.08%
FCF PAYOUT RATIO AVG TTM
100.68%
FCF PAYOUT RATIO AVG 3Y
81.54%
FCF PAYOUT RATIO AVG 5Y
73.80%
FCF PAYOUT RATIO AVG 10Y
63.37%
FCF PAYOUT RATIO AVG 15Y
53.18%
FCF PAYOUT RATIO AVG 20Y
47.88%
CURRENT VS TTM AVG
-18.48%
CURRENT VS 3Y AVG
+0.66%
CURRENT VS 5Y AVG
+11.21%
CURRENT VS 10Y AVG
+29.51%
CURRENT VS 15Y AVG
+54.34%
CURRENT VS 20Y AVG
+71.42%
FCF Payout Ratio TTM
82.1%
Earnings Payout Ratio
185.3%
Dividend Yield
5.42%
FCF Yield
6.58%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $534.35M | $633.19M | 118.5% |
| 2024 | $1.01B | $614.96M | 60.9% |
| 2023 | $777.64M | $592.93M | 76.2% |
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 |
|---|---|
| 2026-07-26 | 82.08% |
| 2026-04-26 | 92.27% |
| 2026-01-25 | 110.42% |
| 2025-10-26 | 118.50% |
| 2025-07-27 | 100.15% |
| 2025-04-27 | 89.71% |
| 2025-01-26 | 69.58% |
| 2024-10-31 | 60.87% |
| 2024-07-28 | 67.60% |
| 2024-04-28 | 61.17% |
| 2024-01-28 | 62.10% |
| 2023-10-31 | 76.22% |
| 2023-07-30 | 69.37% |
| 2023-04-30 | 79.14% |
| 2023-01-29 | 82.33% |
| 2022-10-31 | 65.13% |
| 2022-07-31 | 52.48% |
| 2022-05-01 | 57.18% |
| 2022-01-30 | 56.50% |
| 2021-10-31 | 67.95% |
| 2021-07-25 | 126.46% |
| 2021-04-25 | 81.15% |
| 2021-01-24 | 62.92% |
| 2020-10-31 | 63.99% |
| 2020-07-26 | 54.87% |
| 2020-04-26 | 60.07% |
| 2020-01-26 | 72.50% |
| 2019-10-31 | 65.57% |
| 2019-07-28 | 52.39% |
| 2019-04-28 | 47.69% |
| 2019-01-27 | 50.50% |
| 2018-10-31 | 45.03% |
| 2018-07-29 | 41.84% |
| 2018-04-29 | 40.24% |
| 2018-01-28 | 39.69% |
| 2017-10-31 | 42.66% |
| 2017-07-30 | 47.66% |
| 2017-04-30 | 50.40% |
| 2017-01-29 | 46.92% |
| 2016-10-31 | 39.88% |
| 2016-07-24 | 39.90% |
| 2016-04-24 | 35.41% |
| 2016-01-24 | 29.87% |
| 2015-10-31 | 28.95% |
| 2015-07-26 | 25.95% |
| 2015-04-26 | 28.19% |
| 2015-01-25 | 38.72% |
| 2014-10-31 | 33.97% |
| 2014-07-27 | 41.93% |
| 2014-04-27 | 35.44% |
| 2014-01-26 | 25.67% |
| 2013-10-31 | 32.21% |
| 2013-07-28 | 30.01% |
| 2013-04-28 | 36.33% |
| 2013-01-27 | 40.53% |
| 2012-10-31 | 39.02% |
| 2012-07-29 | 45.14% |
| 2012-04-29 | 45.21% |
| 2012-01-29 | 36.67% |
| 2011-10-31 | 32.84% |
| 2011-07-31 | 27.40% |
| 2011-05-01 | 23.71% |
| 2011-01-30 | 24.80% |
| 2010-10-31 | 27.42% |
| 2010-07-25 | 26.16% |
| 2010-04-25 | 27.31% |
| 2010-01-24 | 25.20% |
| 2009-10-31 | 22.34% |
| 2009-07-26 | 32.04% |
| 2009-04-26 | 32.23% |
| 2009-01-25 | 57.85% |
| 2008-10-31 | 65.55% |
| 2008-07-27 | 38.26% |
| 2008-04-27 | 36.19% |
| 2008-01-27 | 26.45% |
| 2007-10-31 | 38.41% |
| 2007-07-29 | 43.31% |
| 2007-04-29 | 47.51% |
| 2007-01-28 | 34.39% |
| 2006-10-31 | 40.98% |
| 2006-07-30 | 37.29% |
| 2006-04-30 | 25.09% |
| 2006-01-29 | 29.15% |
| 2005-10-31 | 21.56% |
| 2005-07-31 | 23.64% |
| 2005-05-01 | 34.68% |
| 2005-01-30 | 24.51% |
| 2004-10-31 | 28.62% |
| 2004-07-24 | 206.71% |
| 2004-04-24 | 104.12% |
| 2004-01-24 | 336.99% |
| 2003-10-31 | 464.92% |
| 2003-07-26 | 33.31% |
| 2022 |
| $857.28M |
| $557.84M |
| 65.1% |
| 2021 | $771.73M | $523.11M | 67.8% |
| 2020 | $760.52M | $487.38M | 64.1% |
| 2019 | $666.56M | $437.05M | 65.6% |
| 2018 | $861.87M | $388.11M | 45.0% |
| 2017 | $812.60M | $346.01M | 42.6% |
| 2016 | $743.55M | $296.49M | 39.9% |
| 2015 | $866.43M | $250.83M | 29.0% |
| 2014 | $598.03M | $203.16M | 34.0% |
| 2013 | $541.21M | $174.32M | 32.2% |
| 2012 | $390.04M | $152.20M | 39.0% |
| 2011 | $397.95M | $129.97M | 32.7% |
| 2010 | $400.62M | $109.37M | 27.3% |
| 2009 | $458.81M | $101.38M | 22.1% |
| 2008 | $145.73M | $95.53M | 65.6% |
| 2007 | $211.13M | $81.09M | 38.4% |
| 2006 | $185.06M | $75.84M | 41.0% |
| 2005 | $321.75M | $69.37M | 21.6% |
| 2004 | $214.37M | $61.34M | 28.6% |
| 2003 | $12.28M | $57.09M | 464.9% |
| 2002 | $262.40M | $53.44M | 20.4% |
| 2001 | $243.31M | $50.62M | 20.8% |
| 2000 | $51.18M | $48.73M | 95.2% |
| 1999 | $160.40M | $47.90M | 29.9% |
| 1998 | $153.20M | $47.70M | 31.1% |
| 1997 | $46.10M | $47.20M | 102.4% |
| 1996 | ($13.50M) | $45.60M | 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.
