Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 66.09% 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
66.09%
FCF PAYOUT RATIO AVG TTM
110.72%
FCF PAYOUT RATIO AVG 3Y
78.05%
FCF PAYOUT RATIO AVG 5Y
56.11%
FCF PAYOUT RATIO AVG 10Y
62.21%
FCF PAYOUT RATIO AVG 15Y
71.48%
FCF PAYOUT RATIO AVG 20Y
73.42%
CURRENT VS TTM AVG
-40.31%
CURRENT VS 3Y AVG
-15.32%
CURRENT VS 5Y AVG
+17.79%
CURRENT VS 10Y AVG
+6.24%
CURRENT VS 15Y AVG
-7.55%
CURRENT VS 20Y AVG
-9.99%
FCF Payout Ratio TTM
66.1%
Earnings Payout Ratio
39.9%
Dividend Yield
3.64%
FCF Yield
5.49%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $864.20M | $1.04B | 120.8% |
| 2024 | $888.80M | $491.40M | 55.3% |
| 2023 | $807.90M | $476.40M | 59.0% |
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 | 66.09% |
| 2026-03-31 | 119.09% |
| 2025-12-31 | 120.84% |
| 2025-09-30 | 124.83% |
| 2025-06-30 | 122.73% |
| 2025-03-31 | 55.81% |
| 2024-12-31 | 55.43% |
| 2024-09-30 | 55.17% |
| 2024-06-30 | 53.37% |
| 2024-03-31 | 56.95% |
| 2023-12-31 | 58.97% |
| 2023-09-30 | 60.59% |
| 2023-06-30 | 64.75% |
| 2023-03-31 | 61.25% |
| 2022-12-31 | 57.72% |
| 2022-09-30 | 54.82% |
| 2022-06-30 | 51.66% |
| 2022-03-31 | 52.08% |
| 2021-12-31 | 51.09% |
| 2021-09-30 | 49.72% |
| 2021-06-30 | 48.33% |
| 2021-03-31 | 50.21% |
| 2020-12-31 | 56.17% |
| 2020-09-30 | 54.77% |
| 2020-06-30 | 51.84% |
| 2020-03-31 | 52.69% |
| 2019-12-31 | 53.09% |
| 2019-09-30 | 53.72% |
| 2019-06-30 | 61.22% |
| 2019-03-31 | 65.16% |
| 2018-12-31 | 66.87% |
| 2018-09-30 | 69.63% |
| 2018-06-30 | 75.97% |
| 2018-03-31 | 83.77% |
| 2017-12-31 | 85.76% |
| 2017-09-30 | 77.27% |
| 2017-06-30 | 77.01% |
| 2017-03-31 | 75.56% |
| 2016-12-31 | 77.52% |
| 2016-09-30 | 80.63% |
| 2016-06-30 | 79.10% |
| 2016-03-31 | 87.33% |
| 2015-12-31 | 89.15% |
| 2015-09-30 | 91.57% |
| 2015-06-30 | 97.82% |
| 2015-03-31 | 102.78% |
| 2014-12-31 | 91.04% |
| 2014-09-30 | 86.90% |
| 2014-06-30 | 82.76% |
| 2014-03-31 | 79.71% |
| 2013-12-31 | 87.55% |
| 2013-09-30 | 44.22% |
| 2013-06-30 | 52.70% |
| 2013-03-31 | 64.71% |
| 2012-12-31 | 84.09% |
| 2010-12-31 | 651.24% |
| 2010-09-30 | 684.31% |
| 2010-06-30 | 573.51% |
| 2010-03-31 | 406.17% |
| 2009-12-31 | 358.81% |
| 2009-09-30 | 565.35% |
| 2009-06-30 | 616.72% |
| 2009-03-31 | 702.40% |
| 2008-09-30 | 419.76% |
| 2008-06-30 | 453.00% |
| 2008-03-31 | 399.24% |
| 2007-12-31 | 297.51% |
| 2007-09-30 | 221.28% |
| 2007-06-30 | 179.97% |
| 2007-03-31 | 268.02% |
| 2004-03-31 | 364.70% |
| 2003-12-31 | 379.33% |
| 2003-09-30 | 437.27% |
| 2003-06-30 | 562.48% |
| 2022 |
| $752.20M |
| $434.20M |
| 57.7% |
| 2021 | $770.50M | $390.80M | 50.7% |
| 2020 | $554.03M | $313.14M | 56.5% |
| 2019 | $521.20M | $276.70M | 53.1% |
| 2018 | $363.11M | $242.81M | 66.9% |
| 2017 | $261.75M | $224.48M | 85.8% |
| 2016 | $249.92M | $193.74M | 77.5% |
| 2015 | $189.76M | $162.49M | 85.6% |
| 2014 | $134.52M | $121.38M | 90.2% |
| 2013 | $116.93M | $100.40M | 85.9% |
| 2012 | $91.15M | $73.37M | 80.5% |
| 2011 | $63.52M | $60.03M | 94.5% |
| 2010 | $59.12M | $53.78M | 91.0% |
| 2009 | $14.62M | $52.46M | 358.8% |
| 2008 | $43.13M | $52.13M | 120.9% |
| 2007 | $15.57M | $46.34M | 297.5% |
| 2006 | $3.99M | $49.08M | n/m |
| 2005 | ($21.78M) | $48.50M | N/A (Loss) |
| 2004 | ($90.14M) | $51.12M | N/A (Loss) |
| 2003 | $12.96M | $49.15M | 379.3% |
| 2002 | ($36.32M) | $46.77M | N/A (Loss) |
| 2001 | ($4.46M) | $43.96M | N/A (Loss) |
| 2000 | ($1.15M) | $42.37M | N/A (Loss) |
| 1999 | ($14.58M) | $40.62M | N/A (Loss) |
| 1998 | ($52.68M) | $37.09M | N/A (Loss) |
| 1997 | ($38.35M) | $33.75M | N/A (Loss) |
| 1996 | ($43.31M) | $25.96M | 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.
