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 210.40% is 131% above its 5-year average of 90.99%, around the middle of its 5-year range (9.66%–332.19%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.48% above its 12-month average of 193.95%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
210.40%
FCF PAYOUT RATIO AVG TTM
193.95%
FCF PAYOUT RATIO AVG 3Y
118.55%
FCF PAYOUT RATIO AVG 5Y
78.93%
FCF PAYOUT RATIO AVG 10Y
99.64%
FCF PAYOUT RATIO AVG 15Y
100.08%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+8.48%
CURRENT VS 3Y AVG
+77.47%
CURRENT VS 5Y AVG
+166.57%
CURRENT VS 10Y AVG
+111.16%
CURRENT VS 15Y AVG
+110.23%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
210.4%
Earnings Payout Ratio
49.8%
Dividend Yield
1.58%
FCF Yield
0.54%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $584.10M | $818.30M | 140.1% |
| 2024 | $683.90M | $615.50M | 90.0% |
| 2023 | $826.20M | $427.30M | 51.7% |
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 | 210.40% |
| 2026-03-31 | 332.19% |
| 2025-12-31 | 140.10% |
| 2025-09-30 | 119.38% |
| 2025-06-30 | 167.70% |
| 2025-03-31 | 104.16% |
| 2024-12-31 | 90.00% |
| 2024-09-30 | 175.64% |
| 2024-06-30 | 120.70% |
| 2024-03-31 | 135.40% |
| 2023-12-31 | 51.72% |
| 2023-09-30 | 65.18% |
| 2023-06-30 | 42.27% |
| 2023-03-31 | 29.83% |
| 2022-12-31 | 36.28% |
| 2022-09-30 | 25.67% |
| 2022-06-30 | 18.86% |
| 2022-03-31 | 14.08% |
| 2021-12-31 | 10.43% |
| 2021-09-30 | 9.66% |
| 2021-06-30 | 11.12% |
| 2021-03-31 | 15.96% |
| 2020-12-31 | 49.93% |
| 2020-09-30 | 182.42% |
| 2017-03-31 | 179.18% |
| 2016-12-31 | 205.56% |
| 2016-09-30 | 151.66% |
| 2016-06-30 | 94.43% |
| 2016-03-31 | 120.95% |
| 2015-12-31 | 82.30% |
| 2015-09-30 | 129.74% |
| 2015-06-30 | 326.00% |
| 2012-09-30 | 976.58% |
| 2012-03-31 | 147.93% |
| 2011-12-31 | 80.59% |
| 2011-06-30 | 57.48% |
| 2010-12-31 | 647.54% |
| 2010-09-30 | 327.54% |
| 2010-06-30 | 161.75% |
| 2022 |
| $1.05B |
| $379.70M |
| 36.3% |
| 2021 | $1.80B | $187.50M | 10.4% |
| 2020 | $792.90M | $395.90M | 49.9% |
| 2019 | ($1.49B) | $964.80M | N/A (Loss) |
| 2018 | ($1.97B) | $908.30M | N/A (Loss) |
| 2017 | ($358.00M) | $843.20M | N/A (Loss) |
| 2016 | $275.30M | $565.90M | 205.6% |
| 2015 | $217.50M | $179.00M | 82.3% |
| 2014 | ($0.40M) | $113.00M | N/A (Loss) |
| 2013 | ($630.90M) | $362.20M | N/A (Loss) |
| 2012 | ($154.50M) | $273.70M | N/A (Loss) |
| 2011 | $47.40M | $38.20M | 80.6% |
| 2010 | $69.20M | $448.10M | 647.5% |
| 2009 | $236.40M | $0 | 0.0% |
| 2008 | $258.40M | $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.
