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 11.37% is 23% above its 2-year average of 9.22%, near the high end of its 2-year range (2.55%–11.37%).
As of the fiscal period ended Friday, July 3, 2026. 5.04% above its 12-month average of 10.82%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
11.37%
FCF PAYOUT RATIO AVG TTM
10.82%
FCF PAYOUT RATIO AVG 3Y
N/A
FCF PAYOUT RATIO AVG 5Y
N/A
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+5.04%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
11.4%
Earnings Payout Ratio
13.2%
Dividend Yield
0.51%
FCF Yield
4.35%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.01B | $109.00M | 10.7% |
| 2024 | $820.00M | $89.00M | 10.9% |
| 2023 | $909.00M | $0 | 0.0% |
| 2022 | $836.00M | $0 | 0.0% |
| 2021 | $842.00M | $0 | 0.0% |
| 2020 | $965.00M | $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.
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 | 11.37% |
| 2026-04-03 | 10.94% |
| 2025-12-31 | 10.75% |
| 2025-10-03 | 10.55% |
| 2025-07-04 | 10.50% |
| 2025-04-04 | 10.93% |
| 2024-12-31 | 10.85% |
| 2024-09-27 | 8.40% |
| 2024-06-28 | 5.40% |
| 2024-03-31 | 2.55% |
