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 43.58% is 48% above its 4-year average of 29.36%, around the middle of its 4-year range (12.26%–77.81%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.40% below its 12-month average of 45.12%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
43.58%
FCF PAYOUT RATIO AVG TTM
45.12%
FCF PAYOUT RATIO AVG 3Y
24.80%
FCF PAYOUT RATIO AVG 5Y
25.63%
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
-3.40%
CURRENT VS 3Y AVG
+75.71%
CURRENT VS 5Y AVG
+70.04%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
43.6%
Earnings Payout Ratio
41.2%
Dividend Yield
0.65%
FCF Yield
2.34%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $129.00M | $498.00M | 386.0% |
| 2024 | $2.48B | $478.00M | 19.2% |
| 2023 | $3.78B | $463.00M | 12.3% |
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 | 43.58% |
| 2026-03-31 | 43.73% |
| 2025-12-31 | 77.81% |
| 2025-09-30 | 30.15% |
| 2025-06-30 | 30.31% |
| 2025-03-31 | 20.45% |
| 2024-12-31 | 20.31% |
| 2024-09-30 | 25.71% |
| 2024-06-30 | 21.85% |
| 2024-03-31 | 18.21% |
| 2023-12-31 | 12.26% |
| 2023-09-30 | 13.68% |
| 2023-06-30 | 17.38% |
| 2022-03-31 | 35.56% |
| 2020-12-31 | 12.80% |
| 2020-09-30 | 11.83% |
| 2020-06-30 | 11.42% |
| 2020-03-31 | 11.48% |
| 2019-12-31 | 11.42% |
| 2019-09-30 | 9.90% |
| 2019-06-30 | 6.67% |
| 2019-03-31 | 4.68% |
| 2017-09-30 | 291.76% |
| 2017-06-30 | 905.94% |
| 2022 |
| ($816.00M) |
| $453.00M |
| N/A (Loss) |
| 2021 | ($1.24B) | $290.00M | N/A (Loss) |
| 2020 | $2.08B | $266.00M | 12.8% |
| 2019 | $2.13B | $243.00M | 11.4% |
| 2018 | $975.00M | $0 | 0.0% |
| 2017 | $855.00M | $1.50B | 176.0% |
| 2016 | ($509.00M) | $992.00M | N/A (Loss) |
| 2015 | ($223.00M) | $0 | N/A (Loss) |
| 2014 | $31.00M | $0 | 0.0% |
| 2013 | ($858.00M) | $0 | N/A (Loss) |
| 2012 | ($1.08B) | $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.
