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 2.94% is 12% above its 5-year average of 2.63%, around the middle of its 5-year range (0.63%–4.19%).
As of the fiscal period ended Tuesday, June 30, 2026. 19.04% below its 12-month average of 3.63%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
2.94%
FCF PAYOUT RATIO AVG TTM
3.63%
FCF PAYOUT RATIO AVG 3Y
2.85%
FCF PAYOUT RATIO AVG 5Y
2.63%
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
-19.04%
CURRENT VS 3Y AVG
+3.19%
CURRENT VS 5Y AVG
+11.87%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
2.9%
Earnings Payout Ratio
6.5%
Dividend Yield
0.08%
FCF Yield
2.71%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.89B | $66.60M | 3.5% |
| 2024 | $1.14B | $42.20M | 3.7% |
| 2023 | $765.90M | $9.50M | 1.2% |
| 2022 | ($263.80M) | $3.80M | N/A (Loss) |
| 2021 | $126.30M | $3.80M | 3.0% |
| 2020 | $156.20M | $3.30M |
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 |
|---|---|
| 2026-06-30 | 2.94% |
| 2026-03-31 | 3.35% |
| 2025-12-31 | 3.53% |
| 2025-09-30 | 4.15% |
| 2025-06-30 | 4.19% |
| 2025-03-31 | 3.63% |
| 2024-12-31 | 3.72% |
| 2024-09-30 | 3.49% |
| 2024-06-30 | 2.93% |
| 2024-03-31 | 2.20% |
| 2023-12-31 | 1.24% |
| 2023-09-30 | 0.63% |
| 2023-06-30 | 1.06% |
| 2021-12-31 | 3.01% |
| 2021-09-30 | 1.14% |
| 2021-06-30 | 0.87% |
| 2021-03-31 | 0.82% |
| 2020-12-31 | 2.11% |
| 2019-09-30 | 65.56% |
| 2019-06-30 | 73.85% |
| 2019-03-31 | 90.52% |
| 2.1% |
| 2019 | $9.72M | $360.23B | n/m |
| 2018 | $4.17M | $4.88M | 117.0% |
| 2017 | ($86.30M) | $1.02B | N/A (Loss) |
| 2016 | ($0.03M) | $0 | N/A (Loss) |
