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 5.71% is 14% above its 1-year average of 5.02%, near the high end of its 1-year range (3.44%–5.99%).
As of the fiscal period ended Friday, July 3, 2026. 5.49% above its 12-month average of 5.42%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
5.71%
FCF PAYOUT RATIO AVG TTM
5.42%
FCF PAYOUT RATIO AVG 3Y
5.02%
FCF PAYOUT RATIO AVG 5Y
5.02%
FCF PAYOUT RATIO AVG 10Y
48.84%
FCF PAYOUT RATIO AVG 15Y
16.01%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+5.49%
CURRENT VS 3Y AVG
+13.79%
CURRENT VS 5Y AVG
+13.79%
CURRENT VS 10Y AVG
-88.30%
CURRENT VS 15Y AVG
-64.31%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
5.7%
Earnings Payout Ratio
2.0%
Dividend Yield
0.11%
FCF Yield
1.83%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $3.51B | $184.00M | 5.2% |
| 2025 | $1.28B | $44.00M | 3.4% |
| 2024 | ($781.00M) | $0 | N/A (Loss) |
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 | 5.71% |
| 2026-04-03 | 5.99% |
| 2026-01-02 | 5.68% |
| 2025-10-03 | 4.28% |
| 2025-06-27 | 3.44% |
| 2021-04-02 | 92.59% |
| 2021-01-01 | 134.08% |
| 2020-10-02 | 439.22% |
| 2020-06-30 | 336.16% |
| 2020-04-03 | 168.38% |
| 2020-01-03 | 184.91% |
| 2019-10-04 | 124.04% |
| 2019-06-30 | 73.92% |
| 2019-03-29 | 44.14% |
| 2018-12-28 | 27.26% |
| 2018-09-28 | 20.87% |
| 2018-06-30 | 17.46% |
| 2018-03-30 | 16.65% |
| 2017-12-29 | 16.17% |
| 2017-09-29 | 16.08% |
| 2017-06-30 | 19.93% |
| 2017-03-31 | 24.01% |
| 2016-12-30 | 29.94% |
| 2016-09-30 | 38.91% |
| 2016-06-30 | 33.17% |
| 2016-04-01 | 30.32% |
| 2016-01-01 | 25.75% |
| 2015-10-02 | 30.73% |
| 2015-06-30 | 24.29% |
| 2015-04-03 | 18.92% |
| 2015-01-02 | 17.71% |
| 2014-10-03 | 12.72% |
| 2014-06-30 | 11.83% |
| 2014-03-28 | 11.40% |
| 2013-12-27 | 8.14% |
| 2013-09-27 | 11.13% |
| 2013-06-30 | 11.17% |
| 2013-03-29 | 7.51% |
| 2012-12-28 | 6.16% |
| 2012-09-28 | 2.27% |
| 2012-03-30 | 0.11% |
| 2011-12-30 | 0.22% |
| 2011-09-30 | 0.22% |
| 2011-06-30 | 0.23% |
| 2023 |
| ($1.22B) |
| $0 |
| N/A (Loss) |
| 2022 | $773.00M | $0 | 0.0% |
| 2021 | $895.00M | $0 | 0.0% |
| 2020 | $177.00M | $595.00M | 336.2% |
| 2019 | $790.00M | $584.00M | 73.9% |
| 2018 | $3.40B | $593.00M | 17.5% |
| 2017 | $2.88B | $574.00M | 19.9% |
| 2016 | $1.40B | $464.00M | 33.2% |
| 2015 | $1.63B | $396.00M | 24.3% |
| 2014 | $2.19B | $259.00M | 11.8% |
| 2013 | $2.17B | $181.00M | 8.4% |
| 2012 | $2.35B | $0 | 0.0% |
| 2011 | $877.00M | $0 | 0.0% |
| 2010 | $1.21B | $0 | 0.0% |
| 2009 | $786.00M | $0 | 0.0% |
| 2008 | $784.00M | $0 | 0.0% |
| 2007 | $294.00M | $0 | 0.0% |
| 2006 | $99.60M | $0 | 0.0% |
| 2005 | $227.30M | $0 | 0.0% |
| 2004 | $58.30M | $0 | 0.0% |
| 2003 | $218.90M | $0 | 0.0% |
| 2002 | $35.01M | $0 | 0.0% |
| 2001 | ($154.00M) | $0 | N/A (Loss) |
| 2000 | ($174.01M) | $0 | N/A (Loss) |
| 1999 | ($246.10M) | $0 | N/A (Loss) |
| 1998 | ($237.60M) | $0 | N/A (Loss) |
| 1997 | $98.20M | $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.
