The Coca-Cola Company(KO)
Beverages - Non-Alcoholic · Atlanta, GA
$88.27+0.20 (+0.23%)
Delayed quote: Sep 8, 2026, 2:50 PM EDT
Beverages - Non-Alcoholic · Atlanta, GA
Delayed quote: Sep 8, 2026, 2:50 PM EDT
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 77.34% is in line with its 5-year average of 74.27%, near the low end of its 5-year range (56.98%–238.80%).
As of the fiscal period ended Friday, July 3, 2026. 35.90% below its 12-month average of 120.65%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
77.34%
FCF PAYOUT RATIO AVG TTM
120.65%
FCF PAYOUT RATIO AVG 3Y
122.41%
FCF PAYOUT RATIO AVG 5Y
74.27%
FCF PAYOUT RATIO AVG 10Y
88.42%
FCF PAYOUT RATIO AVG 15Y
78.43%
FCF PAYOUT RATIO AVG 20Y
71.89%
CURRENT VS TTM AVG
-35.90%
CURRENT VS 3Y AVG
-36.81%
CURRENT VS 5Y AVG
+4.14%
CURRENT VS 10Y AVG
-12.53%
CURRENT VS 15Y AVG
-1.38%
CURRENT VS 20Y AVG
+7.59%
FCF Payout Ratio TTM
77.3%
Earnings Payout Ratio
62.5%
Dividend Yield
2.36%
FCF Yield
3.76%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $5.30B | $8.78B | 165.8% |
| 2024 | $4.74B | $8.36B | 176.3% |
| 2023 | $9.75B | $7.95B | 81.6% |
| 2022 | $9.53B | $7.62B | 79.9% |
| 2021 | $11.26B | $7.25B | 64.4% |
| 2020 | $8.67B | $7.05B | 81.3% |
| 2019 | $8.42B | $6.84B | 81.3% |
| 2018 | $6.08B | $6.64B | 109.3% |
| 2017 | $5.43B | $6.32B | 116.4% |
| 2016 | $6.53B | $6.04B | 92.5% |
| 2015 | $7.97B | $5.74B | 72.0% |
| 2014 | $8.21B | $5.35B | 65.2% |
| 2013 | $7.99B | $4.97B | 62.2% |
| 2012 | $7.87B | $4.59B | 58.4% |
| 2011 | $6.55B | $4.30B | 65.6% |
| 2010 | $7.32B | $4.07B | 55.6% |
| 2009 | $6.19B | $3.80B | 61.4% |
| 2008 | $5.60B | $3.52B | 62.8% |
| 2007 | $5.50B | $3.15B | 57.2% |
| 2006 | $4.55B | $2.91B | 64.0% |
| 2005 | $5.52B | $2.68B | 48.5% |
| 2004 | $5.21B | $2.43B | 46.6% |
| 2003 | $4.64B | $2.17B | 46.6% |
| 2002 | $3.89B | $1.99B | 51.1% |
| 2001 | $3.34B | $1.79B | 53.6% |
| 2000 | $2.85B | $1.69B | 59.1% |
| 1999 | $2.81B | $1.58B | 56.1% |
| 1998 | $2.57B | $1.48B | 57.6% |
| 1997 | $2.94B | $1.39B | 47.2% |
| 1996 | $2.47B | $1.25B | 50.4% |
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 |
|---|---|
| 2026-07-03 | 77.34% |
| 2026-04-03 | 87.33% |
| 2025-12-31 | 165.77% |
| 2025-09-26 | 152.17% |
| 2024-12-31 | 176.31% |
| 2024-09-27 | 238.80% |
| 2024-06-28 | 88.88% |
| 2024-03-29 | 79.33% |
| 2023-12-31 | 81.58% |
| 2023-09-29 | 76.54% |
| 2023-06-30 | 62.12% |
| 2023-03-31 | 64.48% |
| 2022-12-31 | 79.88% |
| 2022-09-30 | 56.98% |
| 2022-07-01 | 72.63% |
| 2022-04-01 | 71.73% |
| 2021-12-31 | 64.42% |
| 2021-10-01 | 76.54% |
| 2021-07-02 | 77.52% |
| 2021-04-02 | 89.85% |
| 2020-12-31 | 81.31% |
| 2020-09-25 | 95.01% |
| 2020-06-26 | 99.48% |
| 2020-03-27 | 83.25% |
| 2019-12-31 | 81.32% |
| 2019-09-27 | 83.52% |
| 2019-06-28 | 84.27% |
| 2019-03-29 | 105.14% |
| 2018-12-31 | 105.80% |
| 2018-09-28 | 118.18% |
| 2018-06-29 | 129.36% |
| 2018-03-30 | 115.54% |
| 2017-12-31 | 144.08% |
| 2017-09-29 | 126.07% |
| 2017-06-30 | 96.18% |
| 2017-03-31 | 88.71% |
| 2016-12-31 | 92.49% |
| 2016-09-30 | 69.44% |
| 2016-07-01 | 87.70% |
| 2016-04-01 | 83.11% |
| 2015-12-31 | 71.99% |
| 2015-10-02 | 81.50% |
| 2015-07-03 | 78.48% |
| 2015-04-03 | 78.51% |
| 2014-12-31 | 65.17% |
| 2014-09-26 | 62.36% |
| 2014-06-27 | 59.24% |
| 2014-03-28 | 57.58% |
| 2013-12-31 | 62.17% |
| 2013-09-27 | 59.20% |
| 2013-06-28 | 59.51% |
| 2013-03-29 | 57.84% |
| 2012-12-31 | 58.42% |
| 2012-09-28 | 58.97% |
| 2012-06-29 | 47.48% |
| 2012-03-30 | 49.12% |
| 2011-12-31 | 65.61% |
| 2011-09-30 | 50.58% |
| 2011-07-01 | 65.82% |
| 2011-04-01 | 65.86% |
| 2010-12-31 | 55.60% |
| 2010-10-01 | 55.25% |
| 2010-07-02 | 56.74% |
| 2010-04-02 | 57.51% |
| 2009-12-31 | 61.36% |
| 2009-10-02 | 74.60% |
| 2009-07-03 | 76.07% |
| 2009-03-31 | 84.76% |
| 2008-12-31 | 62.84% |
| 2008-09-26 | 61.43% |
| 2008-06-27 | 61.26% |
| 2008-03-28 | 41.90% |
| 2007-12-31 | 42.93% |
| 2007-09-28 | 42.71% |
| 2007-06-29 | 43.67% |
| 2007-03-30 | 45.91% |
| 2006-12-31 | 47.41% |
| 2006-09-29 | 44.78% |
| 2006-06-30 | 29.92% |
| 2006-03-31 | 42.32% |
| 2005-12-31 | 48.48% |
| 2005-09-30 | 33.96% |
| 2005-07-01 | 44.06% |
| 2005-03-31 | 45.80% |
| 2004-12-31 | 46.60% |
| 2004-09-30 | 56.01% |
| 2004-06-30 | 51.49% |
| 2004-03-31 | 42.50% |
| 2003-12-31 | 34.91% |
| 2003-09-30 | 33.17% |
| 2003-06-30 | 38.79% |