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 4.64% is 88% below its 5-year average of 38.21%, near the low end of its 5-year range (3.21%–160.18%).
As of the fiscal period ended Saturday, May 2, 2026. 88.37% below its 12-month average of 39.94%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
4.64%
FCF PAYOUT RATIO AVG TTM
39.94%
FCF PAYOUT RATIO AVG 3Y
28.81%
FCF PAYOUT RATIO AVG 5Y
23.51%
FCF PAYOUT RATIO AVG 10Y
27.96%
FCF PAYOUT RATIO AVG 15Y
29.02%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-88.37%
CURRENT VS 3Y AVG
-83.88%
CURRENT VS 5Y AVG
-80.25%
CURRENT VS 10Y AVG
-83.40%
CURRENT VS 15Y AVG
-84.00%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
4.6%
Earnings Payout Ratio
20.6%
Dividend Yield
2.56%
FCF Yield
53.76%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $1.10B | $56.00M | 5.1% |
| 2025 | $182.00M | $222.00M | 122.0% |
| 2024 | $591.00M | $220.00M | 37.2% |
| 2023 | ($544.00M) | $239.00M | N/A (Loss) |
| 2022 | $1.67B | $147.00M | 8.8% |
| 2021 | $1.00B | $108.00M | 10.8% |
| 2020 | $802.00M | $423.00M | 52.7% |
| 2019 | $1.53B | $400.00M | 26.2% |
| 2018 | $1.02B | $368.00M | 36.1% |
| 2017 | $1.38B | $358.00M | 25.9% |
| 2016 | $784.00M | $349.00M | 44.5% |
| 2015 | $1.34B | $317.00M | 23.6% |
| 2014 | $1.24B | $302.00M | 24.3% |
| 2013 | $480.00M | $300.00M | 62.5% |
| 2012 | $1.22B | $271.00M | 22.3% |
| 2011 | $915.00M | $0 | 0.0% |
| 2010 | $1.57B | $0 | 0.0% |
| 2009 | $687.00M | $0 | 0.0% |
| 2008 | ($307.32M) | $0 | N/A (Loss) |
| 2007 | $1.96B | $0 | 0.0% |
| 2006 | $82.27M | $0 | 0.0% |
| 2005 | $58.06M | $0 | 0.0% |
| 2004 | ($77.14M) | $0 | N/A (Loss) |
| 2003 | ($46.38M) | $0 | N/A (Loss) |
| 2002 | ($120.19M) | $0 | N/A (Loss) |
| 2001 | ($108.91M) | $0 | N/A (Loss) |
| 2000 | ($515.19M) | $0 | N/A (Loss) |
| 1999 | ($18.20M) | $0 | N/A (Loss) |
| 1998 | ($252.90M) | $0 | N/A (Loss) |
| 1997 | ($118.20M) | $0 | 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.
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 |
|---|---|
| 2026-05-02 | 4.64% |
| 2026-01-31 | 4.82% |
| 2025-11-01 | 9.62% |
| 2025-08-02 | 20.44% |
| 2025-05-03 | 160.18% |
| 2025-02-01 | 121.98% |
| 2024-11-02 | 56.38% |
| 2024-08-03 | 31.17% |
| 2024-05-04 | 29.18% |
| 2024-02-03 | 37.23% |
| 2023-10-28 | 44.18% |
| 2023-07-29 | 50.45% |
| 2022-04-30 | 22.32% |
| 2022-01-29 | 8.82% |
| 2021-10-30 | 6.68% |
| 2021-07-31 | 3.21% |
| 2021-05-01 | 2.93% |
| 2021-01-30 | 10.76% |
| 2020-10-31 | 19.61% |
| 2020-08-01 | 47.10% |
| 2020-05-02 | 53.21% |
| 2020-02-01 | 52.74% |
| 2019-11-02 | 44.90% |
| 2019-08-03 | 39.96% |
| 2019-05-04 | 34.70% |
| 2019-02-02 | 26.16% |
| 2018-11-03 | 23.59% |
| 2018-08-04 | 21.61% |
| 2018-05-05 | 25.99% |
| 2018-02-03 | 36.11% |
| 2017-10-28 | 36.03% |
| 2017-07-29 | 42.54% |
| 2017-04-29 | 28.95% |
| 2017-01-28 | 25.94% |
| 2016-10-29 | 21.95% |
| 2016-07-30 | 26.86% |
| 2016-04-30 | 42.63% |
| 2016-01-30 | 44.52% |
| 2015-10-31 | 41.25% |
| 2015-08-01 | 34.82% |
| 2015-05-02 | 25.85% |
| 2015-01-31 | 23.62% |
| 2014-11-01 | 29.41% |
| 2014-08-02 | 27.61% |
| 2014-05-03 | 28.40% |
| 2014-02-01 | 24.34% |
| 2013-11-02 | 31.23% |
| 2013-08-03 | 37.27% |
| 2013-05-04 | 73.17% |
| 2013-02-02 | 62.50% |
| 2012-10-27 | 31.19% |
| 2012-07-28 | 28.37% |
| 2012-04-28 | 20.83% |
| 2012-01-31 | 22.29% |
| 2011-10-29 | 17.80% |
| 2011-07-30 | 13.11% |
| 2011-04-30 | 7.58% |
