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 2.17% is 92% below its 4-year average of 28.01%, near the low end of its 4-year range (2.17%–423.97%).
As of the fiscal period ended Thursday, May 28, 2026. 86.04% below its 12-month average of 15.51%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
2.17%
FCF PAYOUT RATIO AVG TTM
15.51%
FCF PAYOUT RATIO AVG 3Y
85.00%
FCF PAYOUT RATIO AVG 5Y
28.01%
FCF PAYOUT RATIO AVG 10Y
28.01%
FCF PAYOUT RATIO AVG 15Y
28.01%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-86.04%
CURRENT VS 3Y AVG
-97.45%
CURRENT VS 5Y AVG
-92.26%
CURRENT VS 10Y AVG
-92.26%
CURRENT VS 15Y AVG
-92.26%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
2.2%
Earnings Payout Ratio
1.2%
Dividend Yield
0.05%
FCF Yield
2.29%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.67B | $522.00M | 31.3% |
| 2024 | $121.00M | $513.00M | 424.0% |
| 2023 | ($6.12B) | $504.00M | N/A (Loss) |
| 2022 | $3.11B | $461.00M | 14.8% |
| 2021 | $2.44B | $0 | 0.0% |
| 2020 | $83.00M | $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 |
|---|---|
| 2026-05-28 | 2.17% |
| 2026-02-26 | 5.13% |
| 2025-11-27 | 11.29% |
| 2025-08-28 | 31.29% |
| 2025-05-29 | 27.70% |
| 2025-02-27 | 85.48% |
| 2024-11-28 | 92.96% |
| 2024-08-29 | 423.97% |
| 2022-12-01 | 50.80% |
| 2022-09-01 | 14.80% |
| 2022-06-02 | 6.95% |
| 2022-03-03 | 4.61% |
| 2021-12-02 | 2.89% |
| 2009-09-03 | 20.89% |
| 0.0% |
| 2019 | $3.33B | $0 | 0.0% |
| 2018 | $8.31B | $0 | 0.0% |
| 2017 | $2.90B | $0 | 0.0% |
| 2016 | ($2.69B) | $0 | N/A (Loss) |
| 2015 | $1.19B | $0 | 0.0% |
| 2014 | $3.04B | $0 | 0.0% |
| 2013 | $567.00M | $0 | 0.0% |
| 2012 | $415.00M | $0 | 0.0% |
| 2011 | ($66.00M) | $0 | N/A (Loss) |
| 2010 | $2.48B | $0 | 0.0% |
| 2009 | $718.00M | $0 | 0.0% |
| 2008 | ($1.51B) | $0 | N/A (Loss) |
| 2007 | ($2.67B) | $0 | N/A (Loss) |
| 2006 | $654.00M | $0 | 0.0% |
| 2005 | $173.00M | $0 | 0.0% |
| 2004 | $78.10M | $0 | 0.0% |
| 2003 | ($537.30M) | $0 | N/A (Loss) |
| 2002 | ($434.20M) | $0 | N/A (Loss) |
| 2001 | ($699.50M) | $0 | N/A (Loss) |
| 2000 | $880.10M | $0 | 0.0% |
| 1999 | $44.00M | $0 | 0.0% |
| 1998 | ($517.90M) | $0 | N/A (Loss) |
| 1997 | $86.70M | $0 | 0.0% |
| 1996 | ($365.40M) | $31.20M | N/A (Loss) |
