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 69.92% is 19% below its 5-year average of 86.20%, near the low end of its 5-year range (12.45%–600.00%).
As of the fiscal period ended Tuesday, June 30, 2026. 74.71% below its 12-month average of 276.49%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
69.92%
FCF PAYOUT RATIO AVG TTM
276.49%
FCF PAYOUT RATIO AVG 3Y
148.67%
FCF PAYOUT RATIO AVG 5Y
16.16%
FCF PAYOUT RATIO AVG 10Y
29.98%
FCF PAYOUT RATIO AVG 15Y
47.55%
FCF PAYOUT RATIO AVG 20Y
46.37%
CURRENT VS TTM AVG
-74.71%
CURRENT VS 3Y AVG
-52.97%
CURRENT VS 5Y AVG
+332.63%
CURRENT VS 10Y AVG
+133.18%
CURRENT VS 15Y AVG
+47.04%
CURRENT VS 20Y AVG
+50.77%
FCF Payout Ratio TTM
69.9%
Earnings Payout Ratio
189.5%
Dividend Yield
0.69%
FCF Yield
0.87%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($52.00M) | $321.00M | N/A (Loss) |
| 2024 | ($216.00M) | $288.00M | N/A (Loss) |
| 2023 | $1.46B | $223.00M | 15.3% |
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 | 69.92% |
| 2026-03-31 | 483.07% |
| 2025-03-31 | 600.00% |
| 2024-09-30 | 102.35% |
| 2024-06-30 | 24.34% |
| 2024-03-31 | 18.48% |
| 2023-12-31 | 14.77% |
| 2023-09-30 | 12.50% |
| 2023-06-30 | 12.59% |
| 2023-04-01 | 12.45% |
| 2022-12-31 | 12.87% |
| 2022-10-01 | 16.06% |
| 2022-06-30 | 19.43% |
| 2022-03-31 | 20.79% |
| 2021-12-31 | 16.93% |
| 2021-09-30 | 12.85% |
| 2021-06-30 | 16.03% |
| 2021-03-31 | 15.97% |
| 2020-12-31 | 20.66% |
| 2020-09-30 | 22.32% |
| 2020-06-30 | 21.21% |
| 2020-03-31 | 26.59% |
| 2019-12-31 | 31.10% |
| 2019-09-30 | 27.08% |
| 2019-06-30 | 29.01% |
| 2019-03-31 | 28.24% |
| 2018-12-31 | 25.41% |
| 2018-09-30 | 56.40% |
| 2018-06-30 | 118.82% |
| 2018-03-31 | 52.31% |
| 2017-12-31 | 56.91% |
| 2017-09-30 | 34.74% |
| 2017-06-30 | 23.79% |
| 2017-03-31 | 29.59% |
| 2016-12-31 | 35.81% |
| 2016-09-30 | 69.98% |
| 2016-06-30 | 111.50% |
| 2016-03-31 | 121.50% |
| 2015-12-31 | 111.82% |
| 2015-09-30 | 90.16% |
| 2015-06-30 | 131.60% |
| 2015-03-31 | 106.04% |
| 2014-12-31 | 168.57% |
| 2014-09-30 | 246.85% |
| 2014-06-30 | 964.86% |
| 2012-12-31 | 274.23% |
| 2011-03-31 | 59.30% |
| 2010-12-31 | 28.82% |
| 2010-09-30 | 18.63% |
| 2010-06-30 | 15.21% |
| 2010-03-31 | 24.38% |
| 2009-12-31 | 26.62% |
| 2009-09-30 | 42.48% |
| 2008-12-31 | 22.87% |
| 2008-09-30 | 32.85% |
| 2008-06-30 | 92.12% |
| 2008-03-31 | 57.68% |
| 2007-12-31 | 62.62% |
| 2007-09-30 | 71.08% |
| 2003-09-30 | 0.00% |
| 2003-06-30 | 0.00% |
| 2003-03-31 | 0.00% |
| 2001-12-31 | 0.01% |
| 2022 |
| $1.57B |
| $212.00M |
| 13.5% |
| 2021 | $1.12B | $205.00M | 18.3% |
| 2020 | $735.00M | $168.00M | 22.9% |
| 2019 | $646.00M | $214.00M | 33.1% |
| 2018 | $582.00M | $216.00M | 37.1% |
| 2017 | $376.00M | $214.00M | 56.9% |
| 2016 | $432.00M | $251.00M | 58.1% |
| 2015 | $317.00M | $350.00M | 110.4% |
| 2014 | $210.00M | $354.00M | 168.6% |
| 2013 | ($177.00M) | $346.00M | N/A (Loss) |
| 2012 | $120.00M | $355.00M | 295.8% |
| 2011 | ($378.00M) | $332.00M | N/A (Loss) |
| 2010 | $760.00M | $219.00M | 28.8% |
| 2009 | $152.22B | $158.00M | 0.1% |
| 2008 | ($17.50B) | $250.00M | N/A (Loss) |
| 2007 | $840.00M | $269.00M | 32.0% |
| 2006 | $872.00M | $107.00M | 12.3% |
| 2005 | $357.00M | $107.00M | 30.0% |
| 2004 | $292.00M | $107.00M | 36.6% |
| 2003 | $699.00M | $71.00M | 10.2% |
| 2002 | $1.71B | $36.00M | 2.1% |
| 2001 | $352.25M | $35.77M | 10.2% |
| 2000 | ($885.83M) | $26.60M | N/A (Loss) |
| 1999 | $121.75M | $22.85M | 18.8% |
| 1998 | $65.29M | $0 | 0.0% |
| 1997 | ($51.64M) | $0 | N/A (Loss) |
| 1996 | ($144.54M) | $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.
