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 7.81% is 58% below its 5-year average of 18.45%, near the low end of its 5-year range (1.49%–52.89%).
As of the fiscal period ended Tuesday, June 30, 2026. 59.32% below its 12-month average of 19.20%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 7.81%.
FCF PAYOUT RATIO
7.81%
FCF PAYOUT RATIO AVG TTM
19.20%
FCF PAYOUT RATIO AVG 3Y
18.70%
FCF PAYOUT RATIO AVG 5Y
18.45%
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
-59.32%
CURRENT VS 3Y AVG
-58.23%
CURRENT VS 5Y AVG
-57.67%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
7.8%
Earnings Payout Ratio
6.2%
Dividend Yield
0.92%
FCF Yield
11.70%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.01B | $127.88M | 12.7% |
| 2024 | $598.00M | $233.00M | 39.0% |
| 2023 | $1.36B | $120.00M | 8.8% |
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 | 7.81% |
| 2026-03-31 | 9.53% |
| 2025-12-31 | 12.66% |
| 2025-09-30 | 26.77% |
| 2025-06-30 | 39.22% |
| 2025-03-31 | 29.99% |
| 2024-12-31 | 23.00% |
| 2024-09-30 | 29.97% |
| 2024-06-30 | 16.56% |
| 2024-03-31 | 13.43% |
| 2023-12-31 | 13.27% |
| 2023-09-30 | 6.75% |
| 2023-06-30 | 14.13% |
| 2023-03-31 | 44.12% |
| 2022-12-31 | 30.70% |
| 2022-09-30 | 52.89% |
| 2022-06-30 | 7.59% |
| 2022-03-31 | 3.17% |
| 2021-12-31 | 2.76% |
| 2021-09-30 | 1.64% |
| 2021-06-30 | 1.49% |
| 2021-03-31 | 1.98% |
| 2020-12-31 | 2.29% |
| 2020-09-30 | 6.85% |
| 2020-06-30 | 9.19% |
| 2020-03-31 | 15.63% |
| 2019-12-31 | 17.79% |
| 2019-09-30 | 13.56% |
| 2019-06-30 | 9.79% |
| 2022 |
| $613.00M |
| $51.00M |
| 8.3% |
| 2021 | $1.06B | $23.91M | 2.2% |
| 2020 | $1.06B | $24.00M | 2.3% |
| 2019 | $704.00M | $179.00M | 25.4% |
| 2018 | $574.31M | $0 | 0.0% |
| 2017 | $954.68M | $0 | 0.0% |
| 2016 | $1.60B | $0 | 0.0% |
| 2015 | $539.38M | $0 | 0.0% |
| 2014 | $336.41M | $0 | 0.0% |
| 2013 | ($422.42M) | $0 | N/A (Loss) |
| 2012 | ($32.02M) | $0 | N/A (Loss) |
| 2011 | $1.39B | $0 | 0.0% |
| 2010 | $1.48B | $0 | 0.0% |
| 2009 | $1.50B | $0 | 0.0% |
| 2008 | $585.13M | $509.52M | 87.1% |
| 2007 | $2.06B | $608.00M | 29.6% |
| 2006 | $2.49B | $531.00M | 21.3% |
| 2005 | $2.64B | $459.00M | 17.4% |
| 2004 | $1.79B | $387.67M | 21.6% |
| 2003 | $1.17B | $352.99M | 30.1% |
| 2002 | $1.24B | $326.73M | 26.4% |
| 2001 | $1.85B | $305.03M | 16.5% |
| 2000 | $1.34B | $229.65M | 17.2% |
| 1999 | $1.28B | $199.50M | 15.6% |
| 1998 | $637.60M | $165.90M | 26.0% |
| 1997 | $932.16M | $0 | 0.0% |
| 1996 | $1.39B | $136.77M | 9.9% |
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.
