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 2.58% is 14% below its 4-year average of 2.99%, around the middle of its 4-year range (1.49%–4.95%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.26% above its 12-month average of 2.57%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
2.58%
FCF PAYOUT RATIO AVG TTM
2.57%
FCF PAYOUT RATIO AVG 3Y
2.51%
FCF PAYOUT RATIO AVG 5Y
2.99%
FCF PAYOUT RATIO AVG 10Y
2.99%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+0.26%
CURRENT VS 3Y AVG
+2.60%
CURRENT VS 5Y AVG
-13.92%
CURRENT VS 10Y AVG
-13.96%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
2.6%
Earnings Payout Ratio
5.5%
Dividend Yield
0.09%
FCF Yield
3.69%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.22B | $31.80M | 2.6% |
| 2024 | $1.25B | $32.30M | 2.6% |
| 2023 | $1.27B | $32.40M | 2.5% |
| 2022 | $765.70M | $32.40M | 4.2% |
| 2021 | $551.40M | $8.20M | 1.5% |
| 2020 | $865.60M | $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 | 2.58% |
| 2026-03-31 | 2.71% |
| 2025-12-31 | 2.61% |
| 2025-09-30 | 2.57% |
| 2025-06-30 | 2.38% |
| 2025-03-31 | 2.26% |
| 2024-12-31 | 2.47% |
| 2024-09-30 | 2.36% |
| 2024-06-30 | 2.48% |
| 2024-03-31 | 2.65% |
| 2023-12-31 | 2.55% |
| 2023-09-30 | 3.11% |
| 2023-06-30 | 3.50% |
| 2023-03-31 | 3.65% |
| 2022-12-31 | 4.23% |
| 2022-09-30 | 4.95% |
| 2022-06-30 | 4.83% |
| 2022-03-31 | 3.47% |
| 2021-12-31 | 1.49% |
| 2016-09-30 | 2.69% |
| 2016-06-30 | 3.33% |
| 2016-03-31 | 3.58% |
| 0.0% |
| 2019 | $300.10M | $0 | 0.0% |
| 2018 | $392.30M | $0 | 0.0% |
| 2017 | $143.70M | $0 | 0.0% |
| 2016 | $91.23M | $0 | 0.0% |
| 2015 | $101.10M | $0 | 0.0% |
| 2014 | $68.26M | $0 | 0.0% |
| 2012 | $239.06M | $9.92M | 4.1% |
