Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 85.34% as of the fiscal period ended Tuesday, March 31, 2026.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
85.34%
FCF PAYOUT RATIO AVG TTM
92.78%
FCF PAYOUT RATIO AVG 3Y
88.39%
FCF PAYOUT RATIO AVG 5Y
79.59%
FCF PAYOUT RATIO AVG 10Y
74.77%
FCF PAYOUT RATIO AVG 15Y
79.33%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-8.02%
CURRENT VS 3Y AVG
-3.45%
CURRENT VS 5Y AVG
+7.22%
CURRENT VS 10Y AVG
+14.13%
CURRENT VS 15Y AVG
+7.58%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
85.3%
Earnings Payout Ratio
124.1%
Dividend Yield
3.95%
FCF Yield
4.81%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $772.40M | $714.58M | 92.5% |
| 2024 | $681.16M | $685.90M | 100.7% |
| 2023 | $807.21M | $657.46M | 81.4% |
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 |
|---|---|
| 2026-03-31 | 85.34% |
| 2025-12-31 | 92.51% |
| 2025-09-30 | 93.54% |
| 2025-06-30 | 96.10% |
| 2025-03-31 | 96.42% |
| 2024-12-31 | 100.90% |
| 2024-09-30 | 150.50% |
| 2024-06-30 | 127.48% |
| 2024-03-31 | 114.20% |
| 2023-12-31 | 81.45% |
| 2023-09-30 | 57.41% |
| 2023-06-30 | 58.37% |
| 2023-03-31 | 56.93% |
| 2022-12-31 | 63.98% |
| 2022-09-30 | 56.60% |
| 2022-06-30 | 62.00% |
| 2022-03-31 | 64.03% |
| 2021-12-31 | 61.75% |
| 2021-09-30 | 64.02% |
| 2021-06-30 | 44.15% |
| 2021-03-31 | 43.70% |
| 2020-12-31 | 51.20% |
| 2020-09-30 | 62.91% |
| 2020-06-30 | 87.32% |
| 2020-03-31 | 90.18% |
| 2019-12-31 | 91.08% |
| 2019-09-30 | 88.37% |
| 2019-06-30 | 88.46% |
| 2019-03-31 | 88.54% |
| 2018-12-31 | 83.04% |
| 2018-09-30 | 82.02% |
| 2018-06-30 | 77.78% |
| 2018-03-31 | 72.85% |
| 2017-12-31 | 76.12% |
| 2017-09-30 | 72.40% |
| 2017-06-30 | 67.58% |
| 2017-03-31 | 72.40% |
| 2016-12-31 | 73.21% |
| 2016-09-30 | 63.39% |
| 2016-06-30 | 67.35% |
| 2016-03-31 | 66.51% |
| 2015-12-31 | 151.96% |
| 2015-09-30 | 250.13% |
| 2015-06-30 | 238.32% |
| 2015-03-31 | 224.00% |
| 2014-12-31 | 72.99% |
| 2014-09-30 | 106.45% |
| 2014-06-30 | 86.39% |
| 2014-03-31 | 90.71% |
| 2013-12-31 | 106.84% |
| 2013-09-30 | 42.21% |
| 2013-06-30 | 55.85% |
| 2013-03-31 | 73.79% |
| 2012-12-31 | 79.89% |
| 2011-12-31 | 524.73% |
| 2011-09-30 | 164.65% |
| 2011-06-30 | 143.97% |
| 2011-03-31 | 143.14% |
| 2010-12-31 | 120.15% |
| 2009-09-30 | 571.26% |
| 2009-06-30 | 708.17% |
| 2022 |
| $861.11M |
| $544.74M |
| 63.3% |
| 2021 | $618.88M | $382.13M | 61.7% |
| 2020 | $589.91M | $379.87M | 64.4% |
| 2019 | $583.63M | $531.57M | 91.1% |
| 2018 | $637.94M | $529.76M | 83.0% |
| 2017 | $614.18M | $506.17M | 82.4% |
| 2016 | $592.10M | $474.05M | 80.1% |
| 2015 | $867.53M | $455.83M | 52.5% |
| 2014 | $629.34M | $427.87M | 68.0% |
| 2013 | $462.17M | $400.35M | 86.6% |
| 2012 | ($75.90M) | $382.72M | N/A (Loss) |
| 2011 | $67.42M | $353.76M | 524.7% |
| 2010 | $255.48M | $306.96M | 120.2% |
| 2009 | ($114.20M) | $331.02M | N/A (Loss) |
| 2008 | ($87.59M) | $469.02M | N/A (Loss) |
| 2007 | ($1.05B) | $384.50M | N/A (Loss) |
| 2006 | ($710.51M) | $332.55M | N/A (Loss) |
| 2005 | ($473.44M) | $293.35M | N/A (Loss) |
| 2004 | ($190.82M) | $265.25M | N/A (Loss) |
| 2003 | ($796.65M) | $246.30M | N/A (Loss) |
| 2002 | ($75.05M) | $235.60M | N/A (Loss) |
| 2001 | $116.68M | $209.78M | 179.8% |
| 2000 | $92.03M | $189.90M | 206.3% |
| 1999 | ($52.13M) | $169.71M | N/A (Loss) |
| 1998 | ($448.59M) | $113.91M | N/A (Loss) |
| 1997 | ($140.74M) | $82.56M | N/A (Loss) |
| 1996 | ($39.02M) | $69.75M | 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.
