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 12.10% is 34% below its 5-year average of 18.43%, near the low end of its 5-year range (12.10%–38.55%).
As of the fiscal period ended Saturday, August 1, 2026. 8.17% below its 12-month average of 13.17%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
12.10%
FCF PAYOUT RATIO AVG TTM
13.17%
FCF PAYOUT RATIO AVG 3Y
14.35%
FCF PAYOUT RATIO AVG 5Y
18.43%
FCF PAYOUT RATIO AVG 10Y
23.14%
FCF PAYOUT RATIO AVG 15Y
23.10%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-8.17%
CURRENT VS 3Y AVG
-15.72%
CURRENT VS 5Y AVG
-34.36%
CURRENT VS 10Y AVG
-47.71%
CURRENT VS 15Y AVG
-47.64%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
12.1%
Earnings Payout Ratio
8.0%
Dividend Yield
0.11%
FCF Yield
0.84%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $1.40B | $205.10M | 14.7% |
| 2025 | $1.39B | $207.50M | 14.9% |
| 2024 | $1.02B | $206.80M | 20.3% |
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 |
|---|---|
| 2026-08-01 | 12.10% |
| 2026-05-02 | 12.44% |
| 2026-01-31 | 14.71% |
| 2025-11-01 | 13.07% |
| 2025-08-02 | 13.55% |
| 2025-05-03 | 15.14% |
| 2025-01-31 | 14.93% |
| 2024-11-02 | 14.70% |
| 2024-08-03 | 14.83% |
| 2024-05-04 | 18.06% |
| 2024-01-31 | 20.27% |
| 2023-10-28 | 24.24% |
| 2023-07-29 | 26.83% |
| 2023-04-29 | 20.07% |
| 2023-01-31 | 19.08% |
| 2022-10-29 | 18.96% |
| 2022-07-30 | 22.65% |
| 2022-04-30 | 24.34% |
| 2022-01-31 | 30.20% |
| 2021-10-30 | 38.55% |
| 2021-07-31 | 33.84% |
| 2021-05-01 | 30.88% |
| 2021-01-31 | 23.01% |
| 2020-10-31 | 26.86% |
| 2020-07-31 | 38.10% |
| 2020-04-30 | 60.30% |
| 2020-01-31 | 58.31% |
| 2019-10-31 | 50.16% |
| 2019-07-31 | 28.80% |
| 2019-04-30 | 29.23% |
| 2019-01-31 | 29.08% |
| 2018-10-31 | 25.76% |
| 2018-07-31 | 27.77% |
| 2018-04-30 | 23.01% |
| 2018-01-31 | 22.67% |
| 2017-10-31 | 22.59% |
| 2017-07-31 | 27.75% |
| 2017-04-30 | 31.72% |
| 2016-01-31 | 82.09% |
| 2015-10-31 | 54.17% |
| 2015-07-31 | 37.46% |
| 2015-04-30 | 26.68% |
| 2015-01-31 | 19.30% |
| 2014-10-31 | 20.50% |
| 2014-07-31 | 20.38% |
| 2014-04-30 | 23.10% |
| 2014-01-31 | 32.83% |
| 2013-10-31 | 27.48% |
| 2013-07-31 | 31.49% |
| 2013-04-30 | 25.49% |
| 2013-01-31 | 15.78% |
| 2012-10-31 | 13.32% |
| 2012-07-31 | 5.34% |
| 2023 |
| $1.07B |
| $204.40M |
| 19.1% |
| 2022 | $632.40M | $191.00M | 30.2% |
| 2021 | $697.80M | $160.60M | 23.0% |
| 2020 | $273.66M | $159.57M | 58.3% |
| 2019 | $509.28M | $148.08M | 29.1% |
| 2018 | $525.98M | $119.25M | 22.7% |
| 2017 | ($413.25M) | $122.29M | N/A (Loss) |
| 2016 | $149.62M | $122.82M | 82.1% |
| 2015 | $649.48M | $122.80M | 18.9% |
| 2014 | $363.80M | $119.45M | 32.8% |
| 2013 | $625.85M | $98.76M | 15.8% |
| 2012 | $668.64M | $0 | 0.0% |
| 2011 | $1.08B | $0 | 0.0% |
| 2010 | $756.10M | $0 | 0.0% |
| 2009 | $602.24M | $0 | 0.0% |
| 2008 | $40.72M | $0 | 0.0% |
| 2007 | $148.59M | $0 | 0.0% |
| 2006 | $302.80M | $0 | 0.0% |
| 2005 | $175.77M | $0 | 0.0% |
| 2004 | $54.57M | $0 | 0.0% |
| 2003 | $12.04M | $0 | 0.0% |
| 2002 | $25.40M | $0 | 0.0% |
| 2001 | $0.03M | $0 | 0.0% |
| 2000 | $5.83M | $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.
