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 57.45% is 46% above its 5-year average of 39.44%, near the low end of its 5-year range (20.06%–221.28%).
As of the fiscal period ended Tuesday, June 30, 2026. 96.53% above its 12-month average of 29.23%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 57.45%.
FCF PAYOUT RATIO
57.45%
FCF PAYOUT RATIO AVG TTM
29.23%
FCF PAYOUT RATIO AVG 3Y
40.18%
FCF PAYOUT RATIO AVG 5Y
39.44%
FCF PAYOUT RATIO AVG 10Y
33.38%
FCF PAYOUT RATIO AVG 15Y
27.62%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+96.53%
CURRENT VS 3Y AVG
+42.99%
CURRENT VS 5Y AVG
+45.66%
CURRENT VS 10Y AVG
+72.08%
CURRENT VS 15Y AVG
+107.99%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
57.4%
Earnings Payout Ratio
32.9%
Dividend Yield
1.97%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $794.00M | $213.00M | 26.8% |
| 2024 | $26.00M | $206.00M | 792.3% |
| 2023 | $678.00M | $200.00M | 29.5% |
| 2022 | $482.00M | $192.00M | 39.8% |
| 2021 | $429.00M | $186.00M | 43.4% |
| 2020 | $740.00M | $172.00M | 23.2% |
| 2019 | $366.00M | $149.00M | 40.7% |
| 2018 | $451.00M | $132.00M | 29.3% |
| 2017 | $432.00M | $115.00M | 26.6% |
| 2016 | $537.00M | $98.00M | 18.2% |
| 2015 | $640.00M | $81.00M | 12.7% |
| 2014 | $551.00M | $49.00M | 8.9% |
| 2013 | $97.00M | $25.00M | 25.8% |
| 2012 | $170.00M | $5.00M | 2.9% |
| 2011 | $331.00M | $1.43B | 431.7% |
| 2010 | $168.00M | $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.
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 | 57.45% |
| 2026-03-31 | 20.19% |
| 2025-12-31 | 20.06% |
| 2025-09-30 | 25.64% |
| 2025-06-30 | 22.83% |
| 2025-03-31 | 221.28% |
| 2024-12-31 | 73.84% |
| 2024-09-30 | 47.02% |
| 2024-06-30 | 59.71% |
| 2024-03-31 | 44.59% |
| 2023-12-31 | 29.50% |
| 2023-09-30 | 26.89% |
| 2023-06-30 | 54.42% |
| 2023-03-31 | 34.89% |
| 2022-12-31 | 39.83% |
| 2022-09-30 | 133.80% |
| 2022-06-30 | 37.15% |
| 2022-03-31 | 58.44% |
| 2021-12-31 | 43.36% |
| 2021-09-30 | 24.80% |
| 2021-06-30 | 28.75% |
| 2021-03-31 | 24.24% |
| 2020-12-31 | 23.24% |
| 2020-09-30 | 25.61% |
| 2020-06-30 | 21.41% |
| 2020-03-31 | 33.55% |
| 2019-12-31 | 40.71% |
| 2019-09-30 | 31.37% |
| 2019-03-31 | 44.30% |
| 2018-12-31 | 29.27% |
| 2018-09-30 | 50.59% |
| 2018-06-30 | 26.55% |
| 2018-03-31 | 27.23% |
| 2017-12-31 | 26.62% |
| 2017-09-30 | 30.81% |
| 2017-06-30 | 19.23% |
| 2017-03-31 | 18.21% |
| 2016-12-31 | 18.25% |
| 2016-09-30 | 14.51% |
| 2016-06-30 | 13.55% |
| 2016-03-31 | 12.65% |
| 2015-12-31 | 12.66% |
| 2015-09-30 | 11.68% |
| 2015-06-30 | 10.33% |
| 2015-03-31 | 7.57% |
| 2014-12-31 | 8.89% |
| 2014-09-30 | 8.68% |
| 2014-06-30 | 7.06% |
| 2014-03-31 | 11.95% |
| 2013-12-31 | 25.77% |
| 2013-09-30 | 12.35% |
| 2013-06-30 | 115.38% |
| 2013-03-31 | 7.46% |
| 2012-12-31 | 2.94% |
| 2011-12-31 | 431.72% |
