Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 125.64% as of the fiscal period ended Tuesday, June 30, 2026.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
125.64%
FCF PAYOUT RATIO AVG TTM
106.82%
FCF PAYOUT RATIO AVG 3Y
100.94%
FCF PAYOUT RATIO AVG 5Y
89.63%
FCF PAYOUT RATIO AVG 10Y
89.78%
FCF PAYOUT RATIO AVG 15Y
80.73%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+17.62%
CURRENT VS 3Y AVG
+24.47%
CURRENT VS 5Y AVG
+40.19%
CURRENT VS 10Y AVG
+39.95%
CURRENT VS 15Y AVG
+55.64%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
125.6%
Earnings Payout Ratio
161.1%
Dividend Yield
4.52%
FCF Yield
3.63%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $717.94M | $712.71M | 99.3% |
| 2024 | $775.92M | $690.59M | 89.0% |
| 2023 | $795.96M | $655.40M | 82.3% |
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 |
|---|---|
| 2026-06-30 | 125.64% |
| 2026-03-31 | 117.13% |
| 2025-12-31 | 99.27% |
| 2025-09-30 | 99.33% |
| 2025-06-30 | 92.73% |
| 2025-03-31 | 92.60% |
| 2024-12-31 | 89.00% |
| 2024-09-30 | 111.84% |
| 2024-06-30 | 107.63% |
| 2024-03-31 | 110.28% |
| 2023-12-31 | 109.63% |
| 2023-09-30 | 81.03% |
| 2023-06-30 | 76.12% |
| 2023-03-31 | 75.90% |
| 2022-12-31 | 71.27% |
| 2022-09-30 | 56.59% |
| 2022-06-30 | 57.24% |
| 2022-03-31 | 57.57% |
| 2021-12-31 | 59.62% |
| 2021-09-30 | 92.06% |
| 2021-06-30 | 99.66% |
| 2021-03-31 | 110.50% |
| 2020-12-31 | 116.13% |
| 2020-09-30 | 105.56% |
| 2020-06-30 | 102.34% |
| 2020-03-31 | 98.57% |
| 2019-12-31 | 92.29% |
| 2019-09-30 | 92.39% |
| 2019-06-30 | 90.66% |
| 2019-03-31 | 89.14% |
| 2018-12-31 | 88.31% |
| 2018-09-30 | 165.57% |
| 2018-06-30 | 174.69% |
| 2018-03-31 | 216.53% |
| 2017-12-31 | 300.94% |
| 2017-09-30 | 98.18% |
| 2017-06-30 | 94.07% |
| 2017-03-31 | 79.08% |
| 2016-12-31 | 61.58% |
| 2016-09-30 | 59.40% |
| 2016-06-30 | 61.48% |
| 2016-03-31 | 62.66% |
| 2015-12-31 | 61.85% |
| 2015-09-30 | 69.21% |
| 2015-06-30 | 74.40% |
| 2015-03-31 | 81.56% |
| 2014-12-31 | 82.00% |
| 2014-09-30 | 71.33% |
| 2014-06-30 | 71.55% |
| 2014-03-31 | 64.13% |
| 2013-12-31 | 66.63% |
| 2013-09-30 | 23.13% |
| 2013-06-30 | 22.61% |
| 2013-03-31 | 22.32% |
| 2012-12-31 | 21.89% |
| 2012-09-30 | 222.62% |
| 2009-09-30 | 126.86% |
| 2022 |
| $762.30M |
| $543.29M |
| 71.3% |
| 2021 | $383.69M | $474.09M | 123.6% |
| 2020 | $598.44M | $461.04M | 77.0% |
| 2019 | $591.22M | $441.43M | 74.7% |
| 2018 | $479.58M | $423.54M | 88.3% |
| 2017 | $316.91M | $398.98M | 125.9% |
| 2016 | $301.03M | $248.58M | 82.6% |
| 2015 | $297.70M | $232.08M | 78.0% |
| 2014 | $295.18M | $219.16M | 74.2% |
| 2013 | $204.94M | $140.70M | 68.7% |
| 2012 | $163.75M | $107.75M | 65.8% |
| 2011 | $125.34M | $92.03M | 73.4% |
| 2010 | $107.29M | $84.76M | 79.0% |
| 2009 | ($34.18M) | $88.50M | N/A (Loss) |
| 2008 | ($76.82M) | $84.99M | N/A (Loss) |
| 2007 | ($14.61M) | $81.26M | N/A (Loss) |
| 2006 | ($124.44M) | $5.90M | N/A (Loss) |
| 2005 | ($33.26M) | $6.17M | N/A (Loss) |
| 2004 | ($102.49M) | $68.70M | N/A (Loss) |
| 2003 | ($65.53M) | $6.38M | N/A (Loss) |
| 2002 | $14.44M | $63.90M | 442.7% |
| 2001 | $54.53M | $63.81M | 117.0% |
| 2000 | ($14.49M) | $63.70M | N/A (Loss) |
| 1999 | $40.60M | $66.42M | 163.6% |
| 1998 | ($123.63M) | $58.55M | N/A (Loss) |
| 1997 | ($51.70M) | $39.77M | N/A (Loss) |
| 1996 | ($49.51M) | $27.31M | 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.
