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 161.35% is 101% above its 5-year average of 80.08%, near the high end of its 5-year range (30.34%–187.32%).
As of the fiscal period ended Saturday, June 27, 2026. 89.70% above its 12-month average of 85.05%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
161.35%
FCF PAYOUT RATIO AVG TTM
85.05%
FCF PAYOUT RATIO AVG 3Y
69.20%
FCF PAYOUT RATIO AVG 5Y
69.60%
FCF PAYOUT RATIO AVG 10Y
49.05%
FCF PAYOUT RATIO AVG 15Y
43.92%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+89.70%
CURRENT VS 3Y AVG
+133.18%
CURRENT VS 5Y AVG
+131.82%
CURRENT VS 10Y AVG
+228.94%
CURRENT VS 15Y AVG
+267.35%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
161.3%
Earnings Payout Ratio
45.4%
Dividend Yield
2.99%
FCF Yield
3.57%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $740.49M | $487.67M | 65.9% |
| 2024 | $636.79M | $472.49M | 74.2% |
| 2023 | $580.15M | $449.62M | 77.5% |
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 |
|---|---|
| 2026-06-27 | 161.35% |
| 2026-03-28 | 88.82% |
| 2025-12-27 | 65.86% |
| 2025-09-27 | 50.77% |
| 2025-06-28 | 58.46% |
| 2025-03-29 | 77.78% |
| 2024-12-31 | 74.20% |
| 2024-09-28 | 87.29% |
| 2024-06-29 | 74.93% |
| 2024-03-30 | 55.57% |
| 2023-12-31 | 77.50% |
| 2023-09-30 | 53.67% |
| 2023-07-01 | 65.50% |
| 2023-04-01 | 84.16% |
| 2022-12-31 | 70.18% |
| 2022-09-24 | 187.32% |
| 2022-06-25 | 116.90% |
| 2022-03-26 | 74.07% |
| 2021-12-31 | 46.84% |
| 2021-09-25 | 30.34% |
| 2021-06-26 | 27.15% |
| 2021-03-27 | 17.31% |
| 2020-12-31 | 15.87% |
| 2020-09-26 | 14.51% |
| 2020-06-27 | 13.31% |
| 2020-03-28 | 24.03% |
| 2019-12-31 | 27.38% |
| 2019-09-28 | 30.25% |
| 2019-06-29 | 29.67% |
| 2019-03-30 | 34.26% |
| 2018-12-31 | 35.37% |
| 2018-09-29 | 40.65% |
| 2018-06-30 | 34.20% |
| 2018-03-31 | 27.75% |
| 2017-12-31 | 35.12% |
| 2017-09-30 | 26.54% |
| 2017-07-01 | 34.31% |
| 2017-04-01 | 60.20% |
| 2016-12-31 | 29.60% |
| 2016-09-24 | 53.62% |
| 2016-06-25 | 50.54% |
| 2016-03-26 | 46.76% |
| 2015-12-31 | 53.51% |
| 2015-09-26 | 34.22% |
| 2015-06-27 | 30.89% |
| 2015-03-28 | 27.78% |
| 2014-12-31 | 33.82% |
| 2014-09-30 | 37.29% |
| 2014-06-30 | 32.52% |
| 2014-03-31 | 40.32% |
| 2013-12-31 | 59.30% |
| 2013-09-28 | 52.52% |
| 2013-06-29 | 58.64% |
| 2013-03-30 | 42.62% |
| 2012-12-31 | 22.77% |
| 2012-09-29 | 35.59% |
| 2012-06-30 | 30.57% |
| 2012-03-31 | 31.36% |
| 2011-12-31 | 35.06% |
| 2011-09-30 | 26.69% |
| 2011-06-30 | 17.70% |
| 2011-03-31 | 23.63% |
| 2010-12-31 | 16.14% |
| 2010-09-25 | 14.23% |
| 2010-06-26 | 8.99% |
| 2010-03-27 | 3.65% |
| 2022 |
| $583.61M |
| $409.60M |
| 70.2% |
| 2021 | $510.29M | $239.01M | 46.8% |
| 2020 | $1.10B | $174.66M | 15.9% |
| 2019 | $594.27M | $162.70M | 27.4% |
| 2018 | $415.86M | $147.09M | 35.4% |
| 2017 | $381.05M | $133.83M | 35.1% |
| 2016 | $413.02M | $122.27M | 29.6% |
| 2015 | $192.68M | $103.10M | 53.5% |
| 2014 | $248.56M | $84.06M | 33.8% |
| 2013 | $115.48M | $68.48M | 59.3% |
| 2012 | $225.38M | $51.32M | 22.8% |
| 2011 | $87.99M | $30.85M | 35.1% |
| 2010 | $126.10M | $20.36M | 16.1% |
| 2009 | $141.34M | $0 | 0.0% |
| 2008 | $125.69M | $0 | 0.0% |
| 2007 | $71.47M | $0 | 0.0% |
| 2006 | ($1.75M) | $0 | N/A (Loss) |
| 2005 | $21.67M | $0 | 0.0% |
| 2004 | ($14.25M) | $0 | N/A (Loss) |
| 2003 | $13.93M | $0 | 0.0% |
| 2002 | ($19.89M) | $0 | N/A (Loss) |
| 2001 | $33.24M | $0 | 0.0% |
| 2000 | ($7.18M) | $0 | N/A (Loss) |
| 1999 | ($28.10M) | $0 | N/A (Loss) |
| 1998 | $1.00M | $0 | 0.0% |
| 1997 | ($14.20M) | $0.10M | N/A (Loss) |
| 1996 | $11.60M | $0.20M | 1.7% |
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.
