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 20.89% is 68% above its 1-year average of 12.41%, near the high end of its 1-year range (6.59%–20.89%).
As of the fiscal period ended Friday, July 31, 2026. 68.38% above its 12-month average of 12.41%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q1 FY2027 (2026-07-31): 20.89%.
FCF PAYOUT RATIO
20.89%
FCF PAYOUT RATIO AVG TTM
12.41%
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
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+68.38%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
20.9%
Earnings Payout Ratio
N/A
Dividend Yield
1.02%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $3.43B | $464.00M | 13.5% |
| 2025 | $1.72B | $544.20M | 31.7% |
| 2024 | $169.00M | $436.10M | 258.0% |
| 2023 | $490.10M | $357.80M | 73.0% |
| 2022 | $1.10B | $269.30M | 24.5% |
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 |
|---|---|
| 2026-07-31 | 20.89% |
| 2026-04-30 | 13.52% |
| 2026-01-31 | 13.40% |
| 2025-10-31 | 6.59% |
| 2025-07-31 | 7.63% |
