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 13.05% is 68% below its 5-year average of 40.81%, near the low end of its 5-year range (4.26%–121.83%).
As of the fiscal period ended Saturday, May 2, 2026. 48.64% below its 12-month average of 25.41%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
13.05%
FCF PAYOUT RATIO AVG TTM
25.41%
FCF PAYOUT RATIO AVG 3Y
45.87%
FCF PAYOUT RATIO AVG 5Y
36.31%
FCF PAYOUT RATIO AVG 10Y
48.73%
FCF PAYOUT RATIO AVG 15Y
36.63%
FCF PAYOUT RATIO AVG 20Y
31.15%
CURRENT VS TTM AVG
-48.64%
CURRENT VS 3Y AVG
-71.55%
CURRENT VS 5Y AVG
-64.06%
CURRENT VS 10Y AVG
-73.22%
CURRENT VS 15Y AVG
-64.38%
CURRENT VS 20Y AVG
-58.10%
FCF Payout Ratio TTM
13.0%
Earnings Payout Ratio
31.6%
Dividend Yield
2.98%
FCF Yield
21.93%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $1.06B | $197.00M | 18.6% |
| 2025 | $760.00M | $192.00M | 25.3% |
| 2024 | $312.00M | $181.00M | 58.0% |
| 2023 | $320.00M | $173.00M | 54.1% |
| 2022 | $2.12B | $90.00M | 4.3% |
| 2021 | $183.00M | $117.00M | 63.9% |
| 2020 | $451.00M | $466.00M | 103.3% |
| 2019 | $803.00M | $463.00M | 57.7% |
| 2018 | $1.18B | $461.00M | 38.9% |
| 2017 | $889.00M | $459.00M | 51.6% |
| 2016 | $871.00M | $456.00M | 52.4% |
| 2015 | $1.64B | $421.00M | 25.7% |
| 2014 | $1.69B | $359.00M | 21.3% |
| 2013 | $1.32B | $324.00M | 24.6% |
| 2012 | $1.33B | $148.00M | 11.1% |
| 2011 | $1.00B | $84.00M | 8.4% |
| 2010 | $1.29B | $84.00M | 6.5% |
| 2009 | $982.00M | $221.00M | 22.5% |
| 2008 | $1.13B | $230.00M | 20.3% |
| 2007 | $2.35B | $274.00M | 11.6% |
| 2006 | $1.29B | $157.00M | 12.2% |
| 2005 | $959.00M | $93.00M | 9.7% |
| 2004 | $1.08B | $69.00M | 6.4% |
| 2003 | $600.00M | $0 | 0.0% |
| 2002 | $665.00M | $0 | 0.0% |
| 2001 | $543.00M | $0 | 0.0% |
| 2000 | $493.00M | $0 | 0.0% |
| 1999 | $995.00M | $0 | 0.0% |
| 1998 | $877.00M | $0 | 0.0% |
| 1997 | $374.50M | $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.
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 | 13.05% |
| 2026-01-31 | 18.64% |
| 2025-11-01 | 18.12% |
| 2025-08-02 | 24.38% |
| 2025-05-03 | 52.85% |
| 2025-02-01 | 37.65% |
| 2024-11-02 | 84.82% |
| 2024-08-03 | 60.32% |
| 2024-05-04 | 45.66% |
| 2024-01-31 | 58.01% |
| 2023-10-28 | 79.46% |
| 2023-07-29 | 57.52% |
| 2023-04-29 | 121.83% |
| 2023-01-31 | 54.06% |
| 2022-10-29 | 14.95% |
| 2022-07-30 | 16.08% |
| 2022-04-30 | 7.91% |
| 2022-01-31 | 4.26% |
| 2021-10-30 | 5.89% |
| 2021-01-31 | 63.93% |
| 2020-10-31 | 24.66% |
| 2020-08-01 | 114.38% |
| 2020-05-02 | 108.86% |
| 2020-01-31 | 103.33% |
| 2019-11-02 | 113.14% |
| 2019-08-03 | 89.92% |
| 2019-05-04 | 125.47% |
| 2019-01-31 | 57.66% |
| 2018-11-03 | 42.11% |
| 2018-08-04 | 40.05% |
| 2018-05-05 | 36.70% |
| 2018-01-31 | 38.94% |
| 2017-10-28 | 41.87% |
| 2017-07-29 | 49.20% |
| 2017-04-29 | 39.62% |
| 2017-01-31 | 51.63% |
| 2016-10-29 | 43.02% |
| 2016-07-30 | 41.55% |
| 2016-04-30 | 54.93% |
| 2016-01-31 | 52.35% |
| 2015-10-31 | 46.26% |
| 2015-08-01 | 35.72% |
| 2015-05-02 | 29.45% |
| 2015-01-31 | 25.66% |
| 2014-11-01 | 26.50% |
| 2014-08-02 | 24.03% |
| 2014-05-03 | 25.25% |
| 2014-01-31 | 21.29% |
| 2013-11-02 | 26.12% |
| 2013-08-03 | 22.93% |
| 2013-05-04 | 21.98% |
| 2013-01-31 | 24.56% |
| 2012-10-27 | 19.75% |
| 2012-07-28 | 20.53% |
| 2012-04-28 | 14.93% |
| 2012-01-31 | 11.14% |
| 2011-10-29 | 11.65% |
| 2011-07-30 | 8.73% |
| 2011-04-30 | 7.10% |
| 2011-01-31 | 8.39% |
| 2010-10-30 | 6.74% |
| 2010-07-31 | 7.20% |
| 2010-05-01 | 7.05% |
| 2010-01-31 | 6.51% |
| 2009-10-31 | 8.45% |
| 2009-08-01 | 15.58% |
| 2009-04-30 | 19.50% |
| 2009-01-31 | 22.51% |
| 2008-11-01 | 17.30% |
| 2008-08-02 | 15.79% |
| 2008-05-03 | 14.56% |
| 2008-01-31 | 20.30% |
| 2007-11-03 | 35.15% |
| 2007-08-04 | 75.90% |
| 2007-05-05 | 12.99% |
| 2007-01-31 | 11.64% |
| 2006-10-28 | 10.39% |
| 2006-07-29 | 9.08% |
| 2006-04-29 | 18.71% |
| 2006-01-31 | 12.19% |
| 2005-10-29 | 15.77% |
| 2005-07-30 | 7.89% |
| 2005-04-30 | 9.24% |
| 2005-01-31 | 9.70% |
| 2004-10-30 | 11.20% |
| 2004-07-31 | 11.15% |
| 2004-05-01 | 7.72% |
| 2004-01-31 | 4.25% |
| 2003-10-31 | 7.19% |
