Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 120.48% as of the fiscal period ended Tuesday, June 30, 2026.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
120.48%
FCF PAYOUT RATIO AVG TTM
N/A
FCF PAYOUT RATIO AVG 3Y
N/A
FCF PAYOUT RATIO AVG 5Y
N/A
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
238.98%
FCF PAYOUT RATIO AVG 20Y
238.98%
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
-49.58%
CURRENT VS 20Y AVG
-49.58%
FCF Payout Ratio TTM
120.5%
Earnings Payout Ratio
72.5%
Dividend Yield
3.40%
FCF Yield
2.56%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($2.94B) | $3.02B | N/A (Loss) |
| 2024 | $833.00M | $2.95B | 354.6% |
| 2023 | ($1.54B) | $3.04B | N/A (Loss) |
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 | 120.48% |
| 2014-09-30 | 188.43% |
| 2014-06-30 | 278.85% |
| 2014-03-31 | 180.63% |
| 2013-12-31 | 288.33% |
| 2013-03-31 | 607.53% |
| 2012-09-30 | 456.69% |
| 2012-06-30 | 332.56% |
| 2012-03-31 | 210.59% |
| 2011-12-31 | 120.90% |
| 2011-09-30 | 217.18% |
| 2011-06-30 | 234.13% |
| 2006-06-30 | 876.80% |
| 2005-12-31 | 686.25% |
| 2005-09-30 | 328.14% |
| 2005-06-30 | 330.65% |
| 2005-03-31 | 220.40% |
| 2004-12-31 | 179.55% |
| 2004-09-30 | 137.35% |
| 2004-06-30 | 120.92% |
| 2004-03-31 | 98.18% |
| 2003-12-31 | 94.36% |
| 2003-09-30 | 125.67% |
| 2003-06-30 | 174.07% |
| 2022 |
| ($1.62B) |
| $2.91B |
| N/A (Loss) |
| 2021 | ($1.07B) | $2.78B | N/A (Loss) |
| 2020 | ($745.00M) | $2.69B | N/A (Loss) |
| 2019 | ($1.77B) | $2.57B | N/A (Loss) |
| 2018 | ($1.06B) | $2.42B | N/A (Loss) |
| 2017 | ($1.03B) | $2.30B | N/A (Loss) |
| 2016 | ($2.42B) | $2.10B | N/A (Loss) |
| 2015 | ($1.12B) | $1.96B | N/A (Loss) |
| 2014 | ($162.00M) | $1.87B | N/A (Loss) |
| 2013 | $634.00M | $1.83B | 288.3% |
| 2012 | $89.00M | $1.76B | n/m |
| 2011 | $1.38B | $1.67B | 120.9% |
| 2010 | ($95.00M) | $1.56B | N/A (Loss) |
| 2009 | ($1.41B) | $1.43B | N/A (Loss) |
| 2008 | ($563.00M) | $1.28B | N/A (Loss) |
| 2007 | ($150.00M) | $1.21B | N/A (Loss) |
| 2006 | ($174.00M) | $1.14B | N/A (Loss) |
| 2005 | $160.00M | $1.10B | 686.3% |
| 2004 | $582.00M | $1.04B | 179.6% |
| 2003 | $1.06B | $1.00B | 94.4% |
| 2002 | $114.00M | $958.00M | 840.4% |
| 2001 | ($233.00M) | $922.00M | N/A (Loss) |
| 2000 | $593.00M | $873.00M | 147.2% |
| 1999 | $163.00M | $921.00M | 565.0% |
| 1998 | $743.00M | $933.00M | 125.6% |
| 1997 | $766.00M | $889.00M | 116.1% |
| 1996 | $1.17B | $846.00M | 72.2% |
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.
