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 35.26% is 117% above its 4-year average of 16.25%, near the high end of its 4-year range (2.89%–35.26%).
As of the fiscal period ended Friday, April 3, 2026. 51.52% above its 12-month average of 23.27%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
35.26%
FCF PAYOUT RATIO AVG TTM
23.27%
FCF PAYOUT RATIO AVG 3Y
16.29%
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
+51.52%
CURRENT VS 3Y AVG
+116.42%
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
35.3%
Earnings Payout Ratio
28.1%
Dividend Yield
1.66%
FCF Yield
4.42%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $684.93M | $133.57M | 19.5% |
| 2024 | $707.89M | $115.24M | 16.3% |
| 2023 | $590.38M | $96.19M | 16.3% |
| 2022 | $576.62M | $63.29M | 11.0% |
| 2021 | $568.41M | $0 | 0.0% |
| 2020 | $215.03M | $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.
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 |
|---|---|
| 2026-04-03 | 35.26% |
| 2026-01-02 | 22.69% |
| 2025-09-30 | 19.50% |
| 2025-06-30 | 15.63% |
| 2025-03-31 | 14.88% |
| 2024-12-31 | 16.38% |
| 2024-09-30 | 16.28% |
| 2024-06-30 | 15.85% |
| 2024-03-31 | 15.31% |
| 2023-12-31 | 16.83% |
| 2023-09-30 | 16.29% |
| 2023-06-30 | 15.99% |
| 2023-03-31 | 17.86% |
| 2022-12-31 | 16.88% |
| 2022-09-30 | 10.98% |
| 2022-06-30 | 6.81% |
| 2022-03-31 | 2.89% |
| 0.0% |
| 2019 | $676.95M | $0 | 0.0% |
| 2018 | $661.27M | $0 | 0.0% |
| 2017 | $610.30M | $0 | 0.0% |
| 2016 | $622.77M | $0 | 0.0% |
| 2015 | $695.01M | $0 | 0.0% |
| 2014 | $297.77M | $0 | 0.0% |
| 2013 | $356.48M | $0 | 0.0% |
| 2012 | $370.48M | $0 | 0.0% |
| 2011 | $54.02M | $0 | 0.0% |
| 2010 | $90.14M | $0 | 0.0% |
| 2009 | $155.41M | $0 | 0.0% |
| 2008 | $85.84M | $0.17M | 0.2% |
| 2007 | $94.26M | $0.25M | 0.3% |
| 2006 | $88.97M | $1.90M | 2.1% |
| 2005 | $15.41M | $5.25M | 34.1% |
| 2002 | ($20.00M) | $0 | N/A (Loss) |
