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 7.55% is 47% below its 4-year average of 14.16%, near the low end of its 4-year range (7.55%–38.28%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.81% below its 12-month average of 8.66%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q3 FY2026 (2026-06-30): 7.55%.
FCF PAYOUT RATIO
7.55%
FCF PAYOUT RATIO AVG TTM
8.66%
FCF PAYOUT RATIO AVG 3Y
8.66%
FCF PAYOUT RATIO AVG 5Y
N/A
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-12.81%
CURRENT VS 3Y AVG
-12.81%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
7.6%
Earnings Payout Ratio
22.7%
Dividend Yield
0.49%
FCF Yield
6.66%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $5.34B | $0 | 0.0% |
| 2024 | $1.53B | $0 | 0.0% |
| 2023 | $416.61M | $0 | 0.0% |
| 2022 | $1.04B | $70.56M | 6.8% |
| 2021 | $1.11B | $0 | 0.0% |
| 2020 | $789.87M | $60.94M | 7.7% |
| 2019 | $954.59M | $199.42M | 20.9% |
| 2018 | $92.82M | $185.64M | 200.0% |
| 2017 | ($142.92M) | $216.16M | 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.
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 |
|---|---|
| 2026-06-30 | 7.55% |
| 2026-03-31 | 9.77% |
| 2022-12-31 | 8.04% |
| 2022-09-30 | 8.41% |
| 2022-06-30 | 38.28% |
| 2022-03-31 | 12.92% |
