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 286.05% is 116% above its 5-year average of 132.50%, around the middle of its 5-year range (3.07%–530.23%).
As of the fiscal period ended Saturday, March 28, 2026. 8.31% below its 12-month average of 311.99%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
286.05%
FCF PAYOUT RATIO AVG TTM
311.99%
FCF PAYOUT RATIO AVG 3Y
163.24%
FCF PAYOUT RATIO AVG 5Y
132.50%
FCF PAYOUT RATIO AVG 10Y
126.91%
FCF PAYOUT RATIO AVG 15Y
140.06%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-8.31%
CURRENT VS 3Y AVG
+75.24%
CURRENT VS 5Y AVG
+115.89%
CURRENT VS 10Y AVG
+125.39%
CURRENT VS 15Y AVG
+104.24%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
286.1%
Earnings Payout Ratio
280.6%
Dividend Yield
7.17%
FCF Yield
2.53%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.82B | $9.63B | 530.2% |
| 2024 | $1.88B | $2.04B | 108.4% |
| 2023 | $1.24B | $38.00M | 3.1% |
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 |
|---|---|
| 2026-03-28 | 286.05% |
| 2025-12-27 | 281.79% |
| 2025-09-30 | 530.23% |
| 2025-06-28 | 230.64% |
| 2025-03-29 | 231.25% |
| 2024-12-28 | 220.90% |
| 2024-09-30 | 108.40% |
| 2024-06-29 | 114.88% |
| 2024-03-30 | 129.31% |
| 2023-12-30 | 136.78% |
| 2023-09-30 | 3.07% |
| 2023-07-01 | 103.04% |
| 2023-04-01 | 112.70% |
| 2022-12-31 | 117.59% |
| 2022-09-30 | 131.60% |
| 2022-07-02 | 5.39% |
| 2022-04-02 | 5.71% |
| 2022-01-01 | 5.62% |
| 2021-09-30 | 9.03% |
| 2021-07-03 | 10.10% |
| 2021-04-03 | 8.33% |
| 2021-01-02 | 204.97% |
| 2020-09-30 | 174.01% |
| 2020-06-27 | 313.08% |
| 2020-03-28 | 344.93% |
| 2019-12-28 | 172.81% |
| 2019-09-30 | 187.36% |
| 2019-06-29 | 2.44% |
| 2019-03-30 | 2.60% |
| 2018-12-29 | 2.49% |
| 2018-09-30 | 5.92% |
| 2018-06-30 | 146.88% |
| 2018-03-31 | 160.02% |
| 2017-12-30 | 159.46% |
| 2017-09-30 | 359.69% |
| 2017-06-30 | 193.79% |
| 2017-04-01 | 188.45% |
| 2016-12-31 | 203.86% |
| 2016-09-30 | 0.48% |
| 2016-07-02 | 0.55% |
| 2016-04-02 | 0.54% |
| 2016-01-02 | 0.68% |
| 2015-09-30 | 0.72% |
| 2015-06-27 | 1.83% |
| 2015-03-28 | 311.31% |
| 2014-12-27 | 249.98% |
| 2014-09-30 | 286.23% |
| 2014-06-28 | 530.56% |
| 2014-03-29 | 284.48% |
| 2013-12-28 | 285.55% |
| 2013-09-30 | 458.13% |
| 2013-06-29 | 179.91% |
| 2013-03-30 | 169.70% |
| 2012-12-29 | 169.22% |
| 2012-09-30 | 0.85% |
| 2012-06-30 | 0.94% |
| 2012-03-31 | 1.19% |
| 2011-12-31 | 1.34% |
| 2011-09-30 | 1.16% |
| 2011-07-02 | 1.65% |
| 2011-04-02 | 1.23% |
| 2011-01-01 | 1.50% |
| 2010-09-30 | 219.54% |
| 2010-07-03 | 193.26% |
| 2010-04-03 | 216.32% |
| 2010-01-02 | 230.60% |
| 2022 |
| $829.00M |
| $1.09B |
| 131.6% |
| 2021 | $808.00M | $73.00M | 9.0% |
| 2020 | $1.11B | $1.93B | 174.0% |
| 2019 | $913.88M | $1.71B | 187.4% |
| 2018 | $948.83M | $56.15M | 5.9% |
| 2017 | $717.72M | $2.58B | 359.7% |
| 2016 | $624.95M | $3.00M | 0.5% |
| 2015 | $466.07M | $3.37M | 0.7% |
| 2014 | $507.08M | $1.45B | 286.2% |
| 2013 | $434.67M | $1.99B | 458.1% |
| 2012 | $388.64M | $3.30M | 0.8% |
| 2011 | $242.55M | $2.81M | 1.2% |
| 2010 | $184.42M | $404.87M | 219.5% |
| 2009 | $183.96M | $0 | 0.0% |
| 2008 | $178.75M | $0 | 0.0% |
| 2007 | $102.18M | $0 | 0.0% |
| 2006 | ($5.29M) | $0 | N/A (Loss) |
| 2005 | $72.73M | $0 | 0.0% |
| 2004 | $105.72M | $0 | 0.0% |
| 2003 | ($22.54M) | $0 | N/A (Loss) |
| 2002 | $52.64M | $0 | 0.0% |
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.
