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 14.48% is 14% above its 2-year average of 12.70%, near the high end of its 2-year range (2.76%–18.85%).
As of the fiscal period ended Tuesday, June 30, 2026. 10.04% below its 12-month average of 16.09%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
14.48%
FCF PAYOUT RATIO AVG TTM
16.09%
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
-10.04%
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
14.5%
Earnings Payout Ratio
17.6%
Dividend Yield
1.28%
FCF Yield
8.83%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $450.00M | $72.00M | 16.0% |
| 2024 | $493.00M | $36.00M | 7.3% |
| 2023 | $623.00M | $0 | 0.0% |
| 2022 | $217.00M | $0 | 0.0% |
| 2021 | $237.00M | $0 | 0.0% |
| 2020 | $56.00M | $0 | 0.0% |
| 2019 | ($997.00M) | $0 | N/A (Loss) |
| 2018 |
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 | 14.48% |
| 2026-03-31 | 15.88% |
| 2025-12-31 | 16.00% |
| 2025-09-30 | 18.85% |
| 2025-06-30 | 15.25% |
| 2025-03-31 | 11.11% |
| 2024-12-31 | 7.30% |
| 2024-09-30 | 2.76% |
| ($456.00M) |
| $0 |
| N/A (Loss) |
| 2017 | ($628.00M) | $0 | N/A (Loss) |
| 2016 | ($528.00M) | $0 | N/A (Loss) |
| 2015 | $16.00M | $0 | 0.0% |
| 2014 | ($492.00M) | $0 | N/A (Loss) |
| 2013 | ($355.00M) | $0 | N/A (Loss) |
| 2012 | ($973.00M) | $0 | N/A (Loss) |
| 2011 | ($699.00M) | $0 | N/A (Loss) |
| 2010 | $127.49M | $0 | 0.0% |
| 2009 | ($989.37M) | $0 | N/A (Loss) |
| 2008 | ($1.40B) | $0 | N/A (Loss) |
| 2007 | ($785.57M) | $0 | N/A (Loss) |
| 2006 | ($15.27M) | $0 | N/A (Loss) |
| 2005 | ($23.52M) | $0 | N/A (Loss) |
| 2004 | $192.61M | $0 | 0.0% |
| 2003 | ($17.10M) | $0 | N/A (Loss) |
| 2002 | $1.13M | $0 | 0.0% |
| 2001 | ($90.46M) | $0 | N/A (Loss) |
| 2000 | ($134.06M) | $0 | N/A (Loss) |
| 1999 | ($214.30M) | $0 | N/A (Loss) |
| 1998 | ($216.80M) | $0 | N/A (Loss) |
| 1997 | ($75.90M) | $0 | N/A (Loss) |
| 1996 | ($86.20M) | $0 | N/A (Loss) |
