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 30.98% is in line with its 5-year average of 28.44%, near the low end of its 5-year range (6.68%–92.77%).
As of the fiscal period ended Tuesday, June 30, 2026. 45.19% below its 12-month average of 56.51%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
30.98%
FCF PAYOUT RATIO AVG TTM
56.51%
FCF PAYOUT RATIO AVG 3Y
37.96%
FCF PAYOUT RATIO AVG 5Y
28.44%
FCF PAYOUT RATIO AVG 10Y
20.32%
FCF PAYOUT RATIO AVG 15Y
26.88%
FCF PAYOUT RATIO AVG 20Y
28.38%
CURRENT VS TTM AVG
-45.19%
CURRENT VS 3Y AVG
-18.39%
CURRENT VS 5Y AVG
+8.91%
CURRENT VS 10Y AVG
+52.46%
CURRENT VS 15Y AVG
+15.24%
CURRENT VS 20Y AVG
+9.16%
FCF Payout Ratio TTM
31.0%
Earnings Payout Ratio
25.7%
Dividend Yield
0.80%
FCF Yield
2.56%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $501.51M | $291.18M | 58.1% |
| 2024 | ($23.50M) | $282.62M | N/A (Loss) |
| 2023 | $1.86B | $271.32M | 14.6% |
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 | 30.98% |
| 2026-03-31 | 44.25% |
| 2025-12-31 | 58.06% |
| 2025-09-30 | 92.77% |
| 2024-09-30 | 65.13% |
| 2024-06-30 | 33.06% |
| 2024-03-31 | 21.01% |
| 2023-12-31 | 14.57% |
| 2023-09-30 | 11.33% |
| 2023-06-30 | 8.41% |
| 2023-03-31 | 7.22% |
| 2022-12-31 | 6.68% |
| 2022-09-30 | 7.00% |
| 2022-06-30 | 9.06% |
| 2022-03-31 | 11.07% |
| 2021-12-31 | 17.78% |
| 2021-09-30 | 45.13% |
| 2020-09-30 | 85.08% |
| 2020-06-30 | 29.34% |
| 2020-03-31 | 25.83% |
| 2019-12-31 | 21.21% |
| 2019-09-30 | 17.14% |
| 2019-06-30 | 15.54% |
| 2019-03-31 | 14.83% |
| 2018-12-31 | 14.36% |
| 2018-09-30 | 17.93% |
| 2018-06-30 | 21.05% |
| 2018-03-31 | 29.46% |
| 2017-12-31 | 25.33% |
| 2017-09-30 | 25.89% |
| 2017-06-30 | 27.68% |
| 2017-03-31 | 23.13% |
| 2016-12-31 | 20.81% |
| 2016-09-30 | 16.41% |
| 2016-06-30 | 16.36% |
| 2016-03-31 | 13.54% |
| 2015-12-31 | 13.81% |
| 2015-09-30 | 13.36% |
| 2015-06-30 | 11.58% |
| 2015-03-31 | 14.31% |
| 2014-12-31 | 20.83% |
| 2014-09-30 | 42.28% |
| 2014-06-30 | 66.81% |
| 2014-03-31 | 109.56% |
| 2013-12-31 | 75.65% |
| 2013-09-30 | 38.33% |
| 2013-06-30 | 53.29% |
| 2013-03-31 | 37.92% |
| 2012-12-31 | 39.34% |
| 2012-09-30 | 88.07% |
| 2012-06-30 | 38.94% |
| 2012-03-31 | 28.21% |
| 2011-12-31 | 25.64% |
| 2011-09-30 | 30.41% |
| 2011-06-30 | 53.64% |
| 2010-12-31 | 180.91% |
| 2010-09-30 | 304.91% |
| 2010-03-31 | 366.73% |
| 2009-12-31 | 58.95% |
| 2009-09-30 | 13.94% |
| 2009-06-30 | 17.42% |
| 2009-03-31 | 19.62% |
| 2008-12-31 | 19.65% |
| 2008-06-30 | 36.49% |
| 2008-03-31 | 94.92% |
| 2007-12-31 | 168.59% |
| 2007-09-30 | 36.43% |
| 2007-06-30 | 48.79% |
| 2007-03-31 | 19.16% |
| 2006-12-31 | 13.59% |
| 2006-09-30 | 9.61% |
| 2006-06-30 | 6.83% |
| 2006-03-31 | 5.32% |
| 2005-12-31 | 7.39% |
| 2005-09-30 | 9.56% |
| 2005-06-30 | 9.26% |
| 2005-03-31 | 6.33% |
| 2004-12-31 | 5.11% |
| 2004-09-30 | 3.19% |
| 2022 |
| $3.55B |
| $237.16M |
| 6.7% |
| 2021 | $1.20B | $212.97M | 17.8% |
| 2020 | ($211.02M) | $209.25M | N/A (Loss) |
| 2019 | $944.35M | $200.27M | 21.2% |
| 2018 | $1.18B | $168.91M | 14.4% |
| 2017 | $574.67M | $145.56M | 25.3% |
| 2016 | $654.61M | $135.77M | 20.7% |
| 2015 | $923.98M | $127.57M | 13.8% |
| 2014 | $505.79M | $105.38M | 20.8% |
| 2013 | $125.33M | $94.81M | 75.6% |
| 2012 | $222.78M | $87.63M | 39.3% |
| 2011 | $319.35M | $81.88M | 25.6% |
| 2010 | $35.91M | $64.97M | 180.9% |
| 2009 | $115.50M | $68.67M | 59.5% |
| 2008 | $362.80M | $71.29M | 19.6% |
| 2007 | $33.01M | $55.64M | 168.6% |
| 2006 | $276.33M | $37.55M | 13.6% |
| 2005 | $247.37M | $18.28M | 7.4% |
| 2004 | $145.87M | $7.45M | 5.1% |
| 2003 | ($9.66M) | $0 | N/A (Loss) |
| 2002 | ($27.58M) | $0 | N/A (Loss) |
| 2001 | ($23.34M) | $0 | N/A (Loss) |
| 2000 | ($7.59M) | $0 | N/A (Loss) |
| 1999 | ($11.90M) | $0 | N/A (Loss) |
| 1998 | ($245.20M) | $0 | N/A (Loss) |
| 1997 | ($89.50M) | $0 | N/A (Loss) |
| 1996 | ($135.30M) | $0 | 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.
