Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 114.66% as of the fiscal period ended Tuesday, March 31, 2026.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
114.66%
FCF PAYOUT RATIO AVG TTM
76.06%
FCF PAYOUT RATIO AVG 3Y
81.28%
FCF PAYOUT RATIO AVG 5Y
71.55%
FCF PAYOUT RATIO AVG 10Y
77.03%
FCF PAYOUT RATIO AVG 15Y
82.05%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+50.75%
CURRENT VS 3Y AVG
+41.08%
CURRENT VS 5Y AVG
+60.27%
CURRENT VS 10Y AVG
+48.85%
CURRENT VS 15Y AVG
+39.75%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
114.7%
Earnings Payout Ratio
106.5%
Dividend Yield
3.67%
FCF Yield
3.95%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $393.97M | $525.21M | 133.3% |
| 2024 | $447.28M | $504.01M | 112.7% |
| 2023 | $525.58M | $456.48M | 86.9% |
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 |
|---|---|
| 2026-03-31 | 114.66% |
| 2025-12-31 | 75.03% |
| 2025-09-30 | 63.58% |
| 2025-06-30 | 62.18% |
| 2025-03-31 | 64.87% |
| 2024-12-31 | 67.42% |
| 2024-09-30 | 82.18% |
| 2024-06-30 | 90.73% |
| 2024-03-31 | 101.16% |
| 2023-12-31 | 97.90% |
| 2023-09-30 | 81.00% |
| 2023-06-30 | 79.44% |
| 2023-03-31 | 76.47% |
| 2022-12-31 | 73.20% |
| 2022-09-30 | 70.03% |
| 2022-06-30 | 66.59% |
| 2022-03-31 | 61.76% |
| 2021-12-31 | 61.13% |
| 2021-09-30 | 47.69% |
| 2021-06-30 | 49.72% |
| 2021-03-31 | 58.84% |
| 2020-12-31 | 60.21% |
| 2020-09-30 | 75.63% |
| 2020-06-30 | 71.96% |
| 2020-03-31 | 63.74% |
| 2019-12-31 | 62.87% |
| 2019-09-30 | 62.87% |
| 2019-06-30 | 63.91% |
| 2019-03-31 | 76.53% |
| 2018-12-31 | 84.12% |
| 2018-09-30 | 127.23% |
| 2018-06-30 | 167.32% |
| 2018-03-31 | 157.18% |
| 2017-12-31 | 229.39% |
| 2017-09-30 | 131.85% |
| 2017-06-30 | 127.11% |
| 2017-03-31 | 105.07% |
| 2016-12-31 | 76.75% |
| 2016-09-30 | 87.57% |
| 2016-06-30 | 79.91% |
| 2016-03-31 | 79.15% |
| 2015-12-31 | 82.47% |
| 2015-09-30 | 72.51% |
| 2015-06-30 | 69.46% |
| 2015-03-31 | 70.01% |
| 2014-12-31 | 69.73% |
| 2014-09-30 | 71.94% |
| 2014-06-30 | 77.30% |
| 2014-03-31 | 73.70% |
| 2013-12-31 | 82.25% |
| 2013-09-30 | 79.81% |
| 2013-06-30 | 128.64% |
| 2013-03-31 | 215.80% |
| 2012-12-31 | 230.35% |
| 2012-09-30 | 647.16% |
| 2012-06-30 | 602.63% |
| 2012-03-31 | 462.11% |
| 2011-12-31 | 283.17% |
| 2011-09-30 | 657.36% |
| 2011-06-30 | 328.36% |
| 2011-03-31 | 343.92% |
| 2010-12-31 | 339.93% |
| 2010-09-30 | 195.02% |
| 2010-06-30 | 167.81% |
| 2010-03-31 | 182.40% |
| 2009-12-31 | 361.57% |
| 2009-09-30 | 687.29% |
| 2022 |
| $501.86M |
| $428.28M |
| 85.3% |
| 2021 | $396.66M | $403.08M | 101.6% |
| 2020 | $523.47M | $300.54M | 57.4% |
| 2019 | $400.62M | $390.60M | 97.5% |
| 2018 | $564.47M | $375.98M | 66.6% |
| 2017 | $142.85M | $327.68M | 229.4% |
| 2016 | $54.78M | $222.09M | 405.4% |
| 2015 | $158.17M | $202.45M | 128.0% |
| 2014 | $277.74M | $193.66M | 69.7% |
| 2013 | $229.60M | $188.84M | 82.2% |
| 2012 | $327.91M | $188.08M | 57.4% |
| 2011 | $64.94M | $183.88M | 283.2% |
| 2010 | $50.75M | $172.52M | 339.9% |
| 2009 | $50.87M | $183.94M | 361.6% |
| 2008 | ($169.61M) | $237.06M | N/A (Loss) |
| 2007 | ($464.23M) | $202.72M | N/A (Loss) |
| 2006 | ($207.36M) | $182.91M | N/A (Loss) |
| 2005 | ($118.51M) | $167.21M | N/A (Loss) |
| 2004 | ($216.67M) | $154.70M | N/A (Loss) |
| 2003 | ($228.64M) | $155.01M | N/A (Loss) |
| 2002 | ($449.12M) | $155.30M | N/A (Loss) |
| 2001 | ($497.19M) | $151.30M | N/A (Loss) |
| 2000 | ($449.05M) | $141.50M | N/A (Loss) |
| 1999 | ($116.48M) | $109.60M | N/A (Loss) |
| 1998 | ($402.02M) | $52.85M | N/A (Loss) |
| 1997 | ($334.22M) | $33.91M | N/A (Loss) |
| 1996 | ($192.76M) | $16.18M | 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.
