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 252.60% is in line with its 3-year average of 270.00%, near the low end of its 3-year range (86.50%–716.06%).
As of the fiscal period ended Sunday, June 28, 2026. 77.27% above its 12-month average of 142.50%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
252.60%
FCF PAYOUT RATIO AVG TTM
142.50%
FCF PAYOUT RATIO AVG 3Y
270.00%
FCF PAYOUT RATIO AVG 5Y
N/A
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+77.27%
CURRENT VS 3Y AVG
-6.44%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
252.6%
Earnings Payout Ratio
107.8%
Dividend Yield
4.32%
FCF Yield
2.54%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.72B | $1.58B | 91.8% |
| 2024 | $1.33B | $1.55B | 116.3% |
| 2023 | $2.70B | $14.55B | 539.2% |
| 2022 | $2.15B | $0 | 0.0% |
| 2021 | $39.00M | $0 | 0.0% |
| 2020 | $3.17B | $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 |
|---|---|
| 2026-06-28 | 252.60% |
| 2026-03-29 | 130.12% |
| 2025-12-28 | 137.40% |
| 2025-09-28 | 96.16% |
| 2025-06-29 | 96.20% |
| 2025-03-30 | 107.66% |
| 2024-12-31 | 116.25% |
| 2024-09-29 | 110.06% |
| 2024-06-30 | 86.50% |
| 2024-03-31 | 716.06% |
| 2023-12-31 | 539.24% |
| 2023-10-01 | 576.76% |
| 2023-06-30 | 544.98% |
| 0.0% |
| 2019 | $2.71B | $0 | 0.0% |
