Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 66.57% as of the fiscal period ended Tuesday, June 30, 2026.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
66.57%
FCF PAYOUT RATIO AVG TTM
66.24%
FCF PAYOUT RATIO AVG 3Y
71.63%
FCF PAYOUT RATIO AVG 5Y
66.92%
FCF PAYOUT RATIO AVG 10Y
62.24%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+0.49%
CURRENT VS 3Y AVG
-7.06%
CURRENT VS 5Y AVG
-0.52%
CURRENT VS 10Y AVG
+6.96%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
66.6%
Earnings Payout Ratio
124.0%
Dividend Yield
3.99%
FCF Yield
6.13%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $963.48M | $712.84M | 74.0% |
| 2024 | $862.41M | $689.24M | 79.9% |
| 2023 | $885.99M | $638.13M | 72.0% |
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 |
|---|---|
| 2026-06-30 | 66.57% |
| 2026-03-31 | 63.42% |
| 2025-12-31 | 62.12% |
| 2025-09-30 | 61.05% |
| 2025-06-30 | 78.05% |
| 2025-03-31 | 78.31% |
| 2024-12-31 | 80.33% |
| 2024-09-30 | 83.88% |
| 2024-06-30 | 71.97% |
| 2024-03-31 | 77.57% |
| 2023-12-31 | 72.02% |
| 2023-09-30 | 66.64% |
| 2023-06-30 | 69.21% |
| 2023-03-31 | 63.49% |
| 2022-12-31 | 66.10% |
| 2022-09-30 | 60.84% |
| 2022-06-30 | 58.17% |
| 2022-03-31 | 58.83% |
| 2021-12-31 | 52.87% |
| 2021-09-30 | 54.47% |
| 2021-06-30 | 59.38% |
| 2021-03-31 | 58.65% |
| 2020-12-31 | 63.34% |
| 2020-09-30 | 60.67% |
| 2020-06-30 | 60.21% |
| 2020-03-31 | 61.58% |
| 2019-12-31 | 55.57% |
| 2019-09-30 | 54.69% |
| 2019-06-30 | 53.13% |
| 2019-03-31 | 50.08% |
| 2018-12-31 | 55.37% |
| 2018-09-30 | 53.20% |
| 2018-06-30 | 55.01% |
| 2018-03-31 | 51.81% |
| 2017-12-31 | 33.66% |
| 2017-09-30 | 19.15% |
| 2017-06-30 | 8.60% |
| 2017-03-31 | 0.07% |
| 2016-12-31 | 0.07% |
| 2016-09-30 | 25.57% |
| 2016-06-30 | 68.30% |
| 2016-03-31 | 209.39% |
| 2015-12-31 | 367.52% |
| 2022 |
| $815.52M |
| $539.03M |
| 66.1% |
| 2021 | $744.83M | $393.81M | 52.9% |
| 2020 | $524.43M | $332.15M | 63.3% |
| 2019 | $497.89M | $276.68M | 55.6% |
| 2018 | $415.53M | $230.07M | 55.4% |
| 2017 | $197.25M | $69.00M | 35.0% |
| 2016 | $200.33M | $0.14M | 0.1% |
| 2015 | $145.67M | $682.61M | 468.6% |
| 2014 | ($12.51M) | $787.60M | 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.
