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 2.33% is 68% below its 5-year average of 7.38%, near the low end of its 5-year range (2.33%–34.36%).
As of the fiscal period ended Sunday, May 31, 2026. 17.35% below its 12-month average of 2.82%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
2.33%
FCF PAYOUT RATIO AVG TTM
2.82%
FCF PAYOUT RATIO AVG 3Y
3.97%
FCF PAYOUT RATIO AVG 5Y
7.38%
FCF PAYOUT RATIO AVG 10Y
13.08%
FCF PAYOUT RATIO AVG 15Y
16.26%
FCF PAYOUT RATIO AVG 20Y
18.91%
CURRENT VS TTM AVG
-17.35%
CURRENT VS 3Y AVG
-41.33%
CURRENT VS 5Y AVG
-68.48%
CURRENT VS 10Y AVG
-82.21%
CURRENT VS 15Y AVG
-85.69%
CURRENT VS 20Y AVG
-87.70%
FCF Payout Ratio TTM
2.3%
Earnings Payout Ratio
5.3%
Dividend Yield
0.09%
FCF Yield
3.86%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.17B | $36.00M | 3.1% |
| 2024 | $932.00M | $42.00M | 4.5% |
| 2023 | $704.00M | $45.00M | 6.4% |
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 |
|---|---|
| 2026-05-31 | 2.33% |
| 2026-02-28 | 2.38% |
| 2025-11-30 | 3.04% |
| 2025-08-31 | 3.07% |
| 2025-05-31 | 3.26% |
| 2025-02-28 | 3.11% |
| 2024-11-30 | 4.05% |
| 2024-08-31 | 4.51% |
| 2024-05-31 | 4.15% |
| 2024-02-29 | 5.04% |
| 2023-11-30 | 4.45% |
| 2023-08-31 | 6.39% |
| 2023-05-31 | 5.79% |
| 2023-02-28 | 6.45% |
| 2022-11-30 | 10.34% |
| 2022-08-31 | 18.05% |
| 2022-05-31 | 31.06% |
| 2022-02-28 | 14.23% |
| 2021-11-30 | 21.41% |
| 2021-08-31 | 18.25% |
| 2021-05-31 | 34.36% |
| 2021-02-28 | 78.67% |
| 2020-11-30 | 25.75% |
| 2020-08-31 | 18.40% |
| 2020-05-31 | 6.45% |
| 2020-02-29 | 20.15% |
| 2019-11-30 | 16.99% |
| 2019-08-31 | 27.72% |
| 2018-02-28 | 22.15% |
| 2017-11-30 | 21.48% |
| 2017-08-31 | 11.10% |
| 2017-05-31 | 27.32% |
| 2017-02-28 | 15.35% |
| 2016-11-30 | 71.28% |
| 2015-11-30 | 35.27% |
| 2015-08-31 | 22.78% |
| 2015-05-31 | 230.70% |
| 2015-02-28 | 77.01% |
| 2014-05-31 | 58.78% |
| 2014-02-28 | 17.45% |
| 2013-11-30 | 16.71% |
| 2013-08-31 | 14.08% |
| 2013-05-31 | 11.50% |
| 2013-02-28 | 27.58% |
| 2012-11-30 | 61.71% |
| 2012-08-31 | 47.78% |
| 2012-05-31 | 97.73% |
| 2012-02-29 | 186.19% |
| 2011-11-30 | 10.76% |
| 2011-08-31 | 16.37% |
| 2011-05-31 | 17.97% |
| 2011-02-28 | 29.96% |
| 2010-08-31 | 206.55% |
| 2010-05-31 | 606.68% |
| 2010-02-28 | 46.31% |
| 2009-11-30 | 13.30% |
| 2009-08-31 | 22.48% |
| 2009-05-31 | 268.60% |
| 2009-02-28 | 78.61% |
| 2008-08-31 | 78.85% |
| 2008-05-31 | 16.17% |
| 2008-02-29 | 15.15% |
| 2007-11-30 | 20.46% |
| 2006-08-31 | 8.83% |
| 2022 |
| $266.00M |
| $48.00M |
| 18.0% |
| 2021 | $274.00M | $50.00M | 18.2% |
| 2020 | $274.24M | $50.46M | 18.4% |
| 2019 | $187.59M | $52.00M | 27.7% |
| 2018 | ($102.80M) | $57.83M | N/A (Loss) |
| 2017 | $540.16M | $59.96M | 11.1% |
| 2016 | ($8.03M) | $62.44M | N/A (Loss) |
| 2015 | $277.14M | $63.14M | 22.8% |
| 2014 | ($125.20M) | $68.21M | N/A (Loss) |
| 2013 | $477.03M | $67.18M | 14.1% |
| 2012 | $136.53M | $65.24M | 47.8% |
| 2011 | $369.02M | $60.41M | 16.4% |
| 2010 | $28.98M | $59.87M | 206.6% |
| 2009 | $265.07M | $59.58M | 22.5% |
| 2008 | $74.36M | $58.63M | 78.8% |
| 2007 | ($118.30M) | $57.60M | N/A (Loss) |
| 2006 | $168.31M | $14.86M | 8.8% |
| 2005 | $333.15M | $0 | 0.0% |
| 2004 | $233.50M | $0 | 0.0% |
| 2003 | $146.28M | $0 | 0.0% |
| 2002 | $468.65M | $0 | 0.0% |
| 2001 | $182.78M | $0 | 0.0% |
| 2000 | $35.42M | $0 | 0.0% |
| 1999 | ($42.80M) | $0 | N/A (Loss) |
| 1998 | ($1.40M) | $0 | N/A (Loss) |
| 1997 | ($24.40M) | $0 | N/A (Loss) |
| 1996 | $72.80M | $0 | 0.0% |
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.
