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 9.81% is 27% below its 5-year average of 13.42%, near the low end of its 5-year range (6.83%–18.44%).
As of the fiscal period ended Sunday, June 28, 2026. 31.17% below its 12-month average of 14.25%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
9.81%
FCF PAYOUT RATIO AVG TTM
14.25%
FCF PAYOUT RATIO AVG 3Y
15.17%
FCF PAYOUT RATIO AVG 5Y
13.42%
FCF PAYOUT RATIO AVG 10Y
13.66%
FCF PAYOUT RATIO AVG 15Y
12.45%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-31.17%
CURRENT VS 3Y AVG
-35.35%
CURRENT VS 5Y AVG
-26.94%
CURRENT VS 10Y AVG
-28.20%
CURRENT VS 15Y AVG
-21.22%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
9.8%
Earnings Payout Ratio
6.9%
Dividend Yield
0.14%
FCF Yield
1.42%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $450.41M | $76.31M | 16.9% |
| 2024 | $474.08M | $76.42M | 16.1% |
| 2023 | $425.59M | $67.88M | 15.9% |
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 |
|---|---|
| 2026-06-28 | 9.81% |
| 2026-03-29 | 13.97% |
| 2025-12-31 | 16.94% |
| 2025-09-28 | 16.87% |
| 2025-06-29 | 13.65% |
| 2025-03-30 | 12.73% |
| 2024-12-31 | 16.12% |
| 2024-09-29 | 16.26% |
| 2024-06-30 | 14.85% |
| 2024-03-31 | 16.81% |
| 2023-12-31 | 15.95% |
| 2023-10-01 | 18.44% |
| 2023-07-02 | 14.79% |
| 2023-04-02 | 16.08% |
| 2022-12-31 | 16.81% |
| 2022-10-02 | 12.12% |
| 2022-07-03 | 8.22% |
| 2022-04-03 | 7.22% |
| 2021-12-31 | 6.83% |
| 2021-10-03 | 7.48% |
| 2021-07-04 | 9.89% |
| 2021-04-04 | 9.83% |
| 2020-12-31 | 9.72% |
| 2020-09-27 | 10.15% |
| 2020-06-28 | 12.18% |
| 2020-03-29 | 13.61% |
| 2019-12-31 | 13.80% |
| 2019-09-29 | 14.60% |
| 2019-06-30 | 13.27% |
| 2019-03-31 | 13.86% |
| 2018-12-31 | 18.57% |
| 2018-09-30 | 20.48% |
| 2018-07-01 | 16.15% |
| 2018-04-01 | 12.10% |
| 2017-12-31 | 10.64% |
| 2017-10-01 | 12.69% |
| 2017-07-02 | 16.14% |
| 2017-04-02 | 18.60% |
| 2016-12-31 | 13.49% |
| 2016-10-02 | 13.56% |
| 2016-07-03 | 14.63% |
| 2016-04-03 | 15.92% |
| 2015-12-31 | 15.68% |
| 2015-10-04 | 11.15% |
| 2015-07-05 | 13.56% |
| 2015-04-05 | 12.65% |
| 2014-12-31 | 11.50% |
| 2014-09-28 | 12.86% |
| 2014-06-29 | 4.97% |
| 2013-09-29 | 11.93% |
| 2013-06-30 | 7.44% |
| 2013-03-31 | 7.62% |
| 2012-12-31 | 9.95% |
| 2012-09-30 | 5.55% |
| 2012-07-01 | 10.38% |
| 2012-04-01 | 9.89% |
| 2011-12-31 | 8.61% |
| 2011-10-02 | 2.93% |
| 2011-07-03 | 1.89% |
| 2011-04-03 | 1.85% |
| 2010-10-03 | 4.07% |
| 2010-07-04 | 6.47% |
| 2010-04-04 | 9.83% |
| 2009-12-31 | 19.78% |
| 2022 |
| $414.67M |
| $69.71M |
| 16.8% |
| 2021 | $965.89M | $65.98M | 6.8% |
| 2020 | $683.96M | $66.48M | 9.7% |
| 2019 | $444.11M | $61.30M | 13.8% |
| 2018 | $362.50M | $67.32M | 18.6% |
| 2017 | $521.12M | $55.45M | 10.6% |
| 2016 | $360.53M | $48.62M | 13.5% |
| 2015 | $320.71M | $50.71M | 15.8% |
| 2014 | $323.08M | $37.42M | 11.6% |
| 2013 | $160.54M | $0 | 0.0% |
| 2012 | $285.45M | $0 | 0.0% |
| 2011 | $187.67M | $0 | 0.0% |
| 2010 | $490.76M | $0 | 0.0% |
| 2009 | $79.39M | $0 | 0.0% |
| 2008 | $75.93M | $0 | 0.0% |
| 2007 | $42.10M | $0 | 0.0% |
| 2006 | $339.67M | $0 | 0.0% |
| 2005 | ($99.15M) | $0 | N/A (Loss) |
| 2004 | $100.27M | $0 | 0.0% |
| 2003 | $3.34M | $0 | 0.0% |
| 2002 | ($50.68M) | $0 | N/A (Loss) |
| 2001 | ($277.15M) | $0 | N/A (Loss) |
| 2000 | $235.67M | $0 | 0.0% |
| 1999 | $247.70M | $0 | 0.0% |
| 1998 | $119.16M | $0 | 0.0% |
| 1997 | ($92.98M) | $0 | N/A (Loss) |
| 1996 | $191.33M | $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.
