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 27.29% is 41% above its 1-year average of 19.39%, near the high end of its 1-year range (7.59%–27.61%).
As of the fiscal period ended Tuesday, June 30, 2026. 40.69% above its 12-month average of 19.39%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
27.29%
FCF PAYOUT RATIO AVG TTM
19.39%
FCF PAYOUT RATIO AVG 3Y
19.39%
FCF PAYOUT RATIO AVG 5Y
19.39%
FCF PAYOUT RATIO AVG 10Y
19.39%
FCF PAYOUT RATIO AVG 15Y
128.76%
FCF PAYOUT RATIO AVG 20Y
103.91%
CURRENT VS TTM AVG
+40.69%
CURRENT VS 3Y AVG
+40.69%
CURRENT VS 5Y AVG
+40.69%
CURRENT VS 10Y AVG
+40.69%
CURRENT VS 15Y AVG
-78.81%
CURRENT VS 20Y AVG
-73.74%
FCF Payout Ratio TTM
27.3%
Earnings Payout Ratio
34.7%
Dividend Yield
1.13%
FCF Yield
4.15%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.07B | $215.20M | 20.1% |
| 2024 | $874.50M | $0 | 0.0% |
| 2023 | $808.00M | $0 | 0.0% |
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 | 27.29% |
| 2026-03-31 | 27.61% |
| 2025-12-31 | 20.14% |
| 2025-09-30 | 14.34% |
| 2025-06-30 | 7.59% |
| 2012-09-30 | 143.94% |
| 2012-06-30 | 160.66% |
| 2012-03-31 | 279.42% |
| 2011-12-31 | 323.58% |
| 2011-09-30 | 283.04% |
| 2011-03-31 | 404.29% |
| 2010-12-31 | 384.78% |
| 2009-12-31 | 0.29% |
| 2009-09-30 | 0.34% |
| 2009-06-30 | 0.31% |
| 2009-03-31 | 0.24% |
| 2008-12-31 | 0.09% |
| 2008-09-30 | 0.08% |
| 2008-06-30 | 0.09% |
| 2008-03-31 | 0.10% |
| 2005-12-31 | 0.59% |
| 2005-09-30 | 0.60% |
| 2005-06-30 | 0.66% |
| 2005-03-31 | 0.73% |
| 2022 |
| $803.70M |
| $0 |
| 0.0% |
| 2021 | $754.12M | $0 | 0.0% |
| 2020 | $686.79M | $0 | 0.0% |
| 2019 | $713.58M | $0 | 0.0% |
| 2018 | $660.76M | $0 | 0.0% |
| 2017 | $653.26M | $0 | 0.0% |
| 2016 | $498.38M | $0 | 0.0% |
| 2015 | $610.83M | $0 | 0.0% |
| 2014 | $561.62M | $0 | 0.0% |
| 2013 | $513.80M | $0 | 0.0% |
| 2012 | $484.61M | $0 | 0.0% |
| 2011 | $143.24M | $463.50M | 323.6% |
| 2010 | $134.68M | $518.22M | 384.8% |
| 2009 | $278.31M | $0 | 0.0% |
| 2008 | $363.04M | $0 | 0.0% |
| 2007 | $318.22M | $0 | 0.0% |
| 2006 | $293.17M | $0 | 0.0% |
| 2005 | $368.45M | $0 | 0.0% |
| 2004 | $272.81M | $0 | 0.0% |
| 2003 | $250.41M | $0 | 0.0% |
| 2002 | $63.86M | $0 | 0.0% |
| 2001 | ($152.73M) | $0 | N/A (Loss) |
| 2000 | $133.22M | $0 | 0.0% |
| 1999 | $8.65M | $0 | 0.0% |
| 1998 | ($16.20M) | $0 | N/A (Loss) |
| 1997 | ($20.20M) | $0 | N/A (Loss) |
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.
