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 216.86% is 575% above its 5-year average of 32.13%, near the high end of its 5-year range (24.93%–216.86%).
As of the fiscal period ended Friday, July 3, 2026. 143.54% above its 12-month average of 89.05%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
216.86%
FCF PAYOUT RATIO AVG TTM
89.05%
FCF PAYOUT RATIO AVG 3Y
31.28%
FCF PAYOUT RATIO AVG 5Y
32.13%
FCF PAYOUT RATIO AVG 10Y
29.58%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+143.54%
CURRENT VS 3Y AVG
+593.38%
CURRENT VS 5Y AVG
+575.05%
CURRENT VS 10Y AVG
+633.22%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
216.9%
Earnings Payout Ratio
147.2%
Dividend Yield
3.77%
FCF Yield
1.73%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.11B | $432.60M | 39.1% |
| 2024 | $1.67B | $439.10M | 26.3% |
| 2023 | $1.62B | $405.20M | 25.0% |
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 |
|---|---|
| 2026-07-03 | 216.86% |
| 2026-04-03 | 60.65% |
| 2026-01-02 | 39.05% |
| 2025-10-03 | 39.63% |
| 2025-06-27 | 32.89% |
| 2025-03-28 | 33.33% |
| 2024-12-27 | 35.85% |
| 2024-09-27 | 26.75% |
| 2024-06-28 | 28.24% |
| 2024-03-29 | 27.09% |
| 2023-12-29 | 24.93% |
| 2023-09-29 | 25.01% |
| 2023-06-30 | 27.85% |
| 2023-03-31 | 31.29% |
| 2022-12-30 | 33.42% |
| 2022-09-30 | 40.77% |
| 2022-07-01 | 38.42% |
| 2022-04-01 | 35.06% |
| 2021-12-31 | 28.27% |
| 2021-10-01 | 30.41% |
| 2021-07-02 | 29.84% |
| 2021-04-02 | 28.44% |
| 2021-01-01 | 35.76% |
| 2020-10-02 | 38.09% |
| 2020-06-26 | 29.69% |
| 2020-03-27 | 30.69% |
| 2019-12-27 | 34.78% |
| 2019-09-27 | 29.05% |
| 2019-06-28 | 37.12% |
| 2019-03-29 | 39.14% |
| 2018-12-28 | 27.23% |
| 2018-09-28 | 29.31% |
| 2018-06-29 | 22.04% |
| 2018-03-30 | 19.01% |
| 2017-12-29 | 21.37% |
| 2017-09-29 | 18.57% |
| 2017-06-30 | 16.48% |
| 2017-03-31 | 17.98% |
| 2016-12-30 | 18.79% |
| 2016-09-30 | 22.32% |
| 2016-07-01 | 36.12% |
| 2016-04-01 | 29.93% |
| 2016-01-01 | 27.92% |
| 2015-10-02 | 21.88% |
| 2015-07-03 | 15.76% |
| 2015-04-03 | 14.72% |
| 2015-01-02 | 9.20% |
| 2014-10-03 | 7.34% |
| 2014-06-27 | 3.70% |
| 2022 |
| $914.90M |
| $373.10M |
| 40.8% |
| 2021 | $1.12B | $340.60M | 30.4% |
| 2020 | $806.00M | $307.00M | 38.1% |
| 2019 | $944.00M | $273.90M | 29.0% |
| 2018 | $829.70M | $243.20M | 29.3% |
| 2017 | $1.16B | $214.60M | 18.6% |
| 2016 | $900.40M | $201.00M | 22.3% |
| 2015 | $562.70M | $123.10M | 21.9% |
| 2014 | $563.80M | $41.40M | 7.3% |
| 2013 | $375.90M | $0 | 0.0% |
| 2012 | $191.11M | $0 | 0.0% |
| 2011 | $265.16M | $0 | 0.0% |
| 2010 | $134.03M | $0 | 0.0% |
| 2009 | $170.98M | $0 | 0.0% |
| 2008 | $108.85M | $0 | 0.0% |
| 2007 | $42.18M | $0 | 0.0% |
| 2006 | ($22.13M) | $0 | N/A (Loss) |
| 2005 | $16.06M | $0 | 0.0% |
| 2004 | $31.91M | $0 | 0.0% |
| 2003 | ($112.35M) | $0 | N/A (Loss) |
| 2002 | $2.85M | $0 | 0.0% |
| 2002 | ($128.51M) | $0 | N/A (Loss) |
| 2000 | $4.34M | $0 | 0.0% |
| 1999 | $7.80M | $0 | 0.0% |
| 1998 | $10.71M | $0 | 0.0% |
| 1997 | ($13.43M) | $0 | N/A (Loss) |
| 1996 | ($10.70M) | $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.
