The Procter & Gamble Company (PG) FCF Payout Ratio: 69.56%
Is The Procter & Gamble Company’s FCF payout ratio high or low?
The Procter & Gamble Company's FCF payout ratio of 69.56% is 15% above its 5-year average of 60.66%, near the high end of its 5-year range (53.02%–70.29%).
The FCF payout ratio for The Procter & Gamble Company (PG) is 69.56%. It is above its 12-month average by 9.85% (63.32%).
PG FCF Payout Ratio Chart
PG Average FCF Payout Ratio Chart
PG Current vs Average FCF Payout Ratio Chart
PG FCF Payout Ratio Metrics
FCF PAYOUT RATIO
69.56%
FCF PAYOUT RATIO AVG TTM
63.32%
FCF PAYOUT RATIO AVG 3Y
64.14%
FCF PAYOUT RATIO AVG 5Y
60.66%
FCF PAYOUT RATIO AVG 10Y
63.47%
FCF PAYOUT RATIO AVG 15Y
61.98%
FCF PAYOUT RATIO AVG 20Y
57.07%
CURRENT VS TTM AVG
+9.85%
CURRENT VS 3Y AVG
+8.45%
CURRENT VS 5Y AVG
+14.68%
CURRENT VS 10Y AVG
+9.60%
CURRENT VS 15Y AVG
+12.23%
CURRENT VS 20Y AVG
+21.89%
Payout Ratio Comparison
FCF Payout Ratio
69.6%
Earnings Payout Ratio
63.9%
Dividend Yield
2.86%
FCF Yield
4.18%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $14.04B | $9.87B | 70.3% |
| 2024 | $16.52B | $9.31B | 56.4% |
| 2023 | $13.79B | $9.00B | 65.3% |
| 2022 | $13.57B | $8.77B | 64.6% |
| 2021 | $15.58B | $8.26B | 53.0% |
| 2020 | $14.33B | $7.79B | 54.4% |
| 2019 | $11.89B | $7.50B | 63.0% |
| 2018 | $11.15B | $7.31B | 65.6% |
| 2017 | $9.37B | $7.24B | 77.2% |
| 2016 | $12.12B | $7.44B | 61.3% |
| 2015 | $10.87B | $7.29B | 67.0% |
| 2014 | $10.11B | $6.91B | 68.4% |
| 2013 | $10.87B | $6.52B | 60.0% |
| 2012 | $9.32B | $6.14B | 65.9% |
| 2011 | $10.02B | $5.77B | 57.5% |
| 2010 | $13.06B | $5.46B | 41.8% |
| 2009 | $11.68B | $5.04B | 43.2% |
| 2008 | $11.96B | $4.66B | 38.9% |
| 2007 | $10.49B | $4.21B | 40.1% |
| 2006 | $8.71B | $3.70B | 42.5% |
| 2005 | $6.50B | $2.73B | 42.0% |
| 2004 | $7.34B | $2.54B | 34.6% |
| 2003 | $7.22B | $2.25B | 31.1% |
| 2002 | $6.06B | $2.10B | 34.6% |
| 2001 | $3.32B | $1.94B | 58.6% |
| 2000 | $1.66B | $1.80B | 108.4% |
| 1999 | $2.72B | $1.63B | 59.9% |
| 1998 | $2.33B | $1.46B | 62.9% |
| 1997 | $3.75B | $1.33B | 35.4% |
| 1996 | $1.98B | $1.20B | 60.7% |
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.
The Procter & Gamble Company 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
The Procter & Gamble Company FCF Payout Ratio FAQ
- What is the FCF payout ratio for The Procter & Gamble Company (PG)?
- The FCF payout ratio for PG stock is 69.56%.
- Is The Procter & Gamble Company's FCF payout ratio high or low?
- The Procter & Gamble Company's FCF payout ratio of 69.56% is 15% above its 5-year average of 60.66%, near the high end of its 5-year range (53.02%–70.29%).
- What is the TTM average FCF payout ratio for The Procter & Gamble Company (PG)?
- The TTM average FCF payout ratio for PG stock is 63.32%.
- What is the 3Y average FCF payout ratio for The Procter & Gamble Company (PG)?
- The 3Y average FCF payout ratio for PG stock is 64.14%.
- What is the 5Y average FCF payout ratio for The Procter & Gamble Company (PG)?
- The 5Y average FCF payout ratio for PG stock is 60.66%.
- What is the 10Y average FCF payout ratio for The Procter & Gamble Company (PG)?
- The 10Y average FCF payout ratio for PG stock is 63.47%.
- What is the 15Y average FCF payout ratio for The Procter & Gamble Company (PG)?
- The 15Y average FCF payout ratio for PG stock is 61.98%.
- What is the 20Y average FCF payout ratio for The Procter & Gamble Company (PG)?
- The 20Y average FCF payout ratio for PG stock is 57.07%.
The Procter & Gamble Company FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-06-30 | 70.29% |
| 2024-06-30 | 56.35% |
| 2023-06-30 | 65.28% |
| 2022-06-30 | 64.64% |
| 2021-06-30 | 53.02% |
| 2020-06-30 | 54.35% |
| 2019-06-30 | 63.03% |
| 2018-06-30 | 65.56% |
| 2017-06-30 | 77.23% |
| 2016-06-30 | 61.35% |
| 2015-06-30 | 67.03% |
| 2014-06-30 | 68.36% |
| 2013-06-30 | 60.00% |
| 2012-06-30 | 65.87% |
| 2011-06-30 | 57.53% |
| 2010-06-30 | 41.78% |
| 2009-06-30 | 43.18% |
| 2008-06-30 | 38.91% |
| 2007-06-30 | 40.12% |
| 2006-06-30 | 42.52% |
| 2005-06-30 | 42.03% |
| 2004-06-30 | 34.60% |
| 2003-06-30 | 31.12% |
| 2002-06-30 | 34.55% |
| 2001-06-30 | 58.56% |
| 2000-06-30 | 108.39% |
| 1999-06-30 | 59.87% |
| 1998-06-30 | 62.85% |
| 1997-06-30 | 35.41% |
| 1996-06-30 | 60.74% |
About The Procter & Gamble Company
The Procter & Gamble Company, commonly referred to as P&G, is a global enterprise that supplies a broad spectrum of branded consumer products to markets worldwide. The company's operations are divided into five main business divisions: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers an assortment of hair care products, including conditioners, shampoos, styling aids, and treatments, under popular names like Head & Shoulders, Herbal Essences, Pantene, and Rejoice. It also features antiperspirants, deodorants, personal cleansing solutions, and skin care items from brands such as Olay, Old Spice, Safeguard, Secret, and SK-II. Within the Grooming division, P&G provides a range of shave care products and grooming appliances, prominently featuring brands like Braun, Gillette, and Venus. The Health Care unit encompasses oral hygiene essentials, including toothbrushes, toothpastes, and other dental care products sold under the Crest and Oral-B brand names. This segment further extends to gastrointestinal remedies, rapid diagnostics, respiratory care, vitamins/minerals/supplements, pain relief, and various other personal health care items from brands such as Metamucil, Neurobion, Pepto-Bismol, and Vicks. In the Fabric & Home Care category, consumers find fabric enhancers, laundry additives, and laundry detergents through labels like Ariel, Downy, Gain, and Tide. Additionally, this division offers air care products, dishwashing solutions, professional cleaning supplies (P&G Professional), and surface cleaners, exemplified by brands such as Cascade, Dawn, Fairy, Febreze, Mr. Clean, and Swiffer. Finally, the Baby, Feminine & Family Care segment provides infant care products, including baby wipes, taped diapers, and pants, under the Luvs and Pampers brands. It also supplies adult incontinence and feminine hygiene products from Always, Always Discreet, and Tampax, along with paper towels, tissues, and toilet paper marketed as Bounty, Charmin, and Puffs. P&G distributes its extensive product portfolio through a vast commercial network, including large retail chains, e-commerce platforms, grocery stores, membership clubs, pharmacies, department stores, various distributors, wholesalers, specialty beauty retailers, high-frequency stores, electronics outlets, and professional channels, as well as direct-to-consumer sales. The Procter & Gamble Company was established in 1837 and its corporate headquarters are located in Cincinnati, Ohio.
- Sector
- Consumer Defensive
- Industry
- Household & Personal Products
- CEO
- Shailesh G. Jejurikar