PepsiCo, Inc. (PEP) FCF Payout Ratio: 88.88%
Is PepsiCo, Inc.’s FCF payout ratio high or low?
PepsiCo, Inc.'s FCF payout ratio of 88.88% is in line with its 5-year average of 94.03%, near the low end of its 5-year range (83.18%–110.14%).
The FCF payout ratio for PepsiCo, Inc. (PEP) is 88.88%. It is below its 12-month average by 11.17% (100.06%).
PEP FCF Payout Ratio Chart
PEP Average FCF Payout Ratio Chart
PEP Current vs Average FCF Payout Ratio Chart
PEP FCF Payout Ratio Metrics
FCF PAYOUT RATIO
88.88%
FCF PAYOUT RATIO AVG TTM
100.06%
FCF PAYOUT RATIO AVG 3Y
98.64%
FCF PAYOUT RATIO AVG 5Y
94.03%
FCF PAYOUT RATIO AVG 10Y
83.20%
FCF PAYOUT RATIO AVG 15Y
74.05%
FCF PAYOUT RATIO AVG 20Y
68.29%
CURRENT VS TTM AVG
-11.17%
CURRENT VS 3Y AVG
-9.90%
CURRENT VS 5Y AVG
-5.48%
CURRENT VS 10Y AVG
+6.83%
CURRENT VS 15Y AVG
+20.03%
CURRENT VS 20Y AVG
+30.15%
Payout Ratio Comparison
FCF Payout Ratio
88.9%
Earnings Payout Ratio
95.3%
Dividend Yield
3.99%
FCF Yield
4.47%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $7.67B | $7.64B | 99.6% |
| 2024 | $7.19B | $7.23B | 100.6% |
| 2023 | $7.92B | $6.68B | 84.3% |
| 2022 | $5.60B | $6.17B | 110.1% |
| 2021 | $6.99B | $5.82B | 83.2% |
| 2020 | $6.37B | $5.51B | 86.4% |
| 2019 | $5.42B | $5.30B | 97.9% |
| 2018 | $6.13B | $4.93B | 80.4% |
| 2017 | $7.03B | $4.47B | 63.7% |
| 2016 | $7.36B | $4.23B | 57.4% |
| 2015 | $7.82B | $4.04B | 51.6% |
| 2014 | $7.65B | $3.73B | 48.8% |
| 2013 | $6.89B | $3.43B | 49.8% |
| 2012 | $5.76B | $3.31B | 57.3% |
| 2011 | $5.61B | $3.16B | 56.3% |
| 2010 | $5.20B | $2.98B | 57.3% |
| 2009 | $4.67B | $2.73B | 58.5% |
| 2008 | $4.55B | $2.54B | 55.8% |
| 2007 | $4.50B | $2.20B | 48.9% |
| 2006 | $4.02B | $1.85B | 46.2% |
| 2005 | $4.12B | $1.64B | 39.9% |
| 2004 | $3.67B | $1.33B | 36.2% |
| 2003 | $2.98B | $1.07B | 35.9% |
| 2002 | $3.19B | $1.04B | 32.6% |
| 2001 | $2.88B | $994.00M | 34.5% |
| 2000 | $3.09B | $949.00M | 30.7% |
| 1999 | $1.48B | $935.00M | 63.2% |
| 1998 | ($2.73B) | $757.00M | N/A (Loss) |
| 1997 | $8.15B | $736.00M | 9.0% |
| 1996 | $2.17B | $675.00M | 31.1% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
PepsiCo, Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
PepsiCo, Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for PepsiCo, Inc. (PEP)?
- The FCF payout ratio for PEP stock is 88.88%.
- Is PepsiCo, Inc.'s FCF payout ratio high or low?
- PepsiCo, Inc.'s FCF payout ratio of 88.88% is in line with its 5-year average of 94.03%, near the low end of its 5-year range (83.18%–110.14%).
- What is the TTM average FCF payout ratio for PepsiCo, Inc. (PEP)?
- The TTM average FCF payout ratio for PEP stock is 100.06%.
- What is the 3Y average FCF payout ratio for PepsiCo, Inc. (PEP)?
- The 3Y average FCF payout ratio for PEP stock is 98.64%.
- What is the 5Y average FCF payout ratio for PepsiCo, Inc. (PEP)?
- The 5Y average FCF payout ratio for PEP stock is 94.03%.
- What is the 10Y average FCF payout ratio for PepsiCo, Inc. (PEP)?
- The 10Y average FCF payout ratio for PEP stock is 83.20%.
- What is the 15Y average FCF payout ratio for PepsiCo, Inc. (PEP)?
- The 15Y average FCF payout ratio for PEP stock is 74.05%.
- What is the 20Y average FCF payout ratio for PepsiCo, Inc. (PEP)?
- The 20Y average FCF payout ratio for PEP stock is 68.29%.
PepsiCo, Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-27 | 99.56% |
| 2024-12-31 | 100.56% |
| 2023-12-31 | 84.33% |
| 2022-12-31 | 110.14% |
| 2021-12-31 | 83.18% |
| 2020-12-31 | 86.44% |
| 2019-12-31 | 97.91% |
| 2018-12-31 | 80.38% |
| 2017-12-31 | 63.66% |
| 2016-12-31 | 57.40% |
| 2015-12-31 | 51.65% |
| 2014-12-31 | 48.78% |
| 2013-12-31 | 49.82% |
| 2012-12-31 | 57.33% |
| 2011-12-31 | 56.32% |
| 2010-12-31 | 57.32% |
| 2009-12-31 | 58.53% |
| 2008-12-31 | 55.81% |
| 2007-12-31 | 48.93% |
| 2006-12-31 | 46.17% |
| 2005-12-31 | 39.89% |
| 2004-12-31 | 36.24% |
| 2003-12-31 | 35.87% |
| 2002-12-31 | 32.63% |
| 2001-12-31 | 34.55% |
| 2000-12-31 | 30.73% |
| 1999-12-31 | 63.22% |
| 1997-12-31 | 9.03% |
| 1996-12-31 | 31.15% |
About PepsiCo, Inc.
PepsiCo, Inc. is a global enterprise that creates, promotes, and supplies a diverse array of drinks and easy-to-prepare food items across the globe. Its operations are structured into seven primary divisions: Frito-Lay North America, Quaker Foods North America, PepsiCo Beverages North America, Latin America, Europe, Africa/Middle East/South Asia, and the Asia Pacific, Australia, New Zealand, and China Region. The company's extensive product catalog encompasses popular snack foods like various dips, cheese snacks, spreads, and a range of chips (including corn, potato, and tortilla varieties). Its pantry staples feature cereals, rice, pasta, baking mixes, beverage syrups, granola bars, grits, oatmeal, rice cakes, and ready-made side dishes. In the beverage sector, PepsiCo offers concentrated syrups, fountain beverages, pre-packaged drinks, ready-to-consume teas, coffees, fruit juices, dairy-based items, and home carbonation systems with associated goods. PepsiCo reaches its broad clientele, which includes wholesale partners, food service providers, various retail outlets like supermarkets, pharmacies, convenience shops, discount stores, large-format retailers, membership-based stores, hard discount retailers, online merchants, and approved independent bottlers. This widespread distribution is achieved via direct store delivery, customer warehouse systems, and comprehensive distributor networks, along with direct sales to consumers through digital commerce channels and retail partners. Established in 1898, the corporation maintains its principal office in Purchase, New York.
- Sector
- Consumer Defensive
- Industry
- Beverages - Non-Alcoholic
- CEO
- Ramon Luis Laguarta