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 17.70% is 71% below its 5-year average of 61.22%, near the low end of its 5-year range (0.25%–682.76%).
As of the fiscal period ended Tuesday, June 30, 2026. 149.43% above its 12-month average of 7.10%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
17.70%
FCF PAYOUT RATIO AVG TTM
7.10%
FCF PAYOUT RATIO AVG 3Y
96.70%
FCF PAYOUT RATIO AVG 5Y
61.22%
FCF PAYOUT RATIO AVG 10Y
76.18%
FCF PAYOUT RATIO AVG 15Y
88.75%
FCF PAYOUT RATIO AVG 20Y
91.03%
CURRENT VS TTM AVG
+149.43%
CURRENT VS 3Y AVG
-81.70%
CURRENT VS 5Y AVG
-71.09%
CURRENT VS 10Y AVG
-76.77%
CURRENT VS 15Y AVG
-80.06%
CURRENT VS 20Y AVG
-80.56%
FCF Payout Ratio TTM
17.7%
Earnings Payout Ratio
49.4%
Dividend Yield
1.29%
FCF Yield
8.62%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $437.69M | $4.27M | 1.0% |
| 2024 | $302.89M | $67.22M | 22.2% |
| 2023 | ($1.30B) | $1.47B | N/A (Loss) |
| 2022 | $3.17B | $2.24B | 70.5% |
| 2021 | $357.80M | $571.70M | 159.8% |
| 2020 | ($140.01M) | $222.00M | N/A (Loss) |
| 2019 | $103.16M | $329.79M | 319.7% |
| 2018 | $120.76M | $550.35M | 455.7% |
| 2017 | $285.55M | $373.93M | 131.0% |
| 2016 | $500.32M | $399.41M | 79.8% |
| 2015 | $316.00M | $127.34M | 40.3% |
| 2014 | $478.90M | $379.04M | 79.1% |
| 2013 | $265.22M | $279.67M | 105.4% |
| 2012 | $204.22M | $334.76M | 163.9% |
| 2011 | $70.23M | $277.33M | 394.9% |
| 2010 | $282.52M | $175.54M | 62.1% |
| 2009 | $14.35M | $345.65M | n/m |
| 2008 | $181.42M | $212.83M | 117.3% |
| 2007 | $145.65M | $94.91M | 65.2% |
| 2006 | $45.41M | $74.57M | 164.2% |
| 2005 | ($33.62M) | $51.73M | N/A (Loss) |
| 2004 | $100.27M | $25.71M | 25.6% |
| 2003 | $61.06M | $21.36M | 35.0% |
| 2002 | $85.55M | $16.43M | 19.2% |
| 2001 | $95.90M | $15.29M | 15.9% |
| 2000 | $67.11M | $26.10M | 38.9% |
| 1999 | ($62.10M) | $36.06M | N/A (Loss) |
| 1998 | ($101.60M) | $32.30M | N/A (Loss) |
| 1997 | ($126.30M) | $36.90M | N/A (Loss) |
| 1996 | ($109.00M) | $23.10M | 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 | 17.70% |
| 2026-03-31 | 0.25% |
| 2025-12-31 | 1.44% |
| 2025-09-30 | 8.99% |
| 2025-03-31 | 19.58% |
| 2024-12-31 | 22.52% |
| 2023-09-30 | 555.10% |
| 2023-06-30 | 147.99% |
| 2023-03-31 | 155.23% |
| 2022-12-31 | 70.56% |
| 2022-09-30 | 48.56% |
| 2022-06-30 | 97.67% |
| 2022-03-31 | 45.53% |
| 2021-12-31 | 159.78% |
| 2021-09-30 | 682.76% |
| 2019-03-31 | 641.21% |
| 2018-12-31 | 455.81% |
| 2018-09-30 | 210.92% |
| 2018-06-22 | 127.20% |
| 2018-03-31 | 72.61% |
| 2017-12-31 | 66.55% |
| 2017-09-30 | 88.66% |
| 2017-06-30 | 68.98% |
| 2017-03-31 | 75.24% |
| 2016-12-31 | 79.83% |
| 2016-09-30 | 69.60% |
| 2016-06-30 | 96.80% |
| 2016-03-31 | 44.20% |
| 2015-12-31 | 40.30% |
| 2015-09-30 | 38.99% |
| 2015-06-30 | 105.03% |
| 2015-03-31 | 83.20% |
| 2014-12-31 | 83.51% |
| 2014-09-30 | 102.82% |
| 2014-06-30 | 48.21% |
| 2014-03-31 | 86.08% |
| 2013-12-31 | 105.45% |
| 2013-09-30 | 192.06% |
| 2013-06-30 | 207.44% |
| 2013-03-31 | 123.64% |
| 2012-12-31 | 123.25% |
| 2012-09-30 | 61.81% |
| 2012-06-30 | 133.61% |
| 2012-03-31 | 426.27% |
| 2011-12-31 | 394.91% |
| 2011-09-30 | 224.85% |
| 2011-06-30 | 81.94% |
| 2011-03-31 | 55.42% |
| 2010-12-31 | 62.35% |
| 2010-09-30 | 67.22% |
| 2010-06-30 | 104.60% |
| 2009-09-30 | 988.65% |
| 2009-06-30 | 201.83% |
| 2009-03-31 | 125.72% |
| 2008-12-31 | 117.31% |
| 2008-09-30 | 89.72% |
| 2008-06-30 | 321.14% |
| 2008-03-31 | 68.34% |
| 2007-12-31 | 65.64% |
| 2007-09-30 | 67.16% |
| 2007-06-30 | 69.54% |
| 2007-03-31 | 109.03% |
| 2006-12-31 | 164.22% |
