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 61.12% is 310% above its 5-year average of 14.91%, near the low end of its 5-year range (7.75%–192.26%).
As of the fiscal period ended Sunday, May 31, 2026. 51.76% below its 12-month average of 126.69%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
61.12%
FCF PAYOUT RATIO AVG TTM
126.69%
FCF PAYOUT RATIO AVG 3Y
37.42%
FCF PAYOUT RATIO AVG 5Y
14.91%
FCF PAYOUT RATIO AVG 10Y
8.27%
FCF PAYOUT RATIO AVG 15Y
8.74%
FCF PAYOUT RATIO AVG 20Y
9.57%
CURRENT VS TTM AVG
-51.76%
CURRENT VS 3Y AVG
+63.32%
CURRENT VS 5Y AVG
+309.96%
CURRENT VS 10Y AVG
+638.97%
CURRENT VS 15Y AVG
+599.53%
CURRENT VS 20Y AVG
+538.50%
FCF Payout Ratio TTM
61.1%
Earnings Payout Ratio
25.1%
Dividend Yield
2.34%
FCF Yield
3.96%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $28.18M | $520.96M | n/m |
| 2024 | $2.23B | $548.82M | 24.6% |
| 2023 | $5.08B | $430.56M | 8.5% |
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 |
|---|---|
| 2026-05-31 | 61.12% |
| 2025-05-31 | 192.26% |
| 2025-02-28 | 33.99% |
| 2024-11-30 | 24.59% |
| 2024-08-31 | 13.52% |
| 2024-05-31 | 12.36% |
| 2024-02-29 | 10.50% |
| 2023-11-30 | 8.48% |
| 2023-08-31 | 8.31% |
| 2023-05-31 | 9.12% |
| 2023-02-28 | 10.23% |
| 2022-11-30 | 13.65% |
| 2022-08-31 | 23.59% |
| 2022-05-31 | 20.62% |
| 2022-02-28 | 16.99% |
| 2021-11-30 | 12.55% |
| 2021-08-31 | 12.30% |
| 2021-05-31 | 7.75% |
| 2021-02-28 | 5.66% |
| 2020-11-30 | 4.74% |
| 2020-08-31 | 3.23% |
| 2020-05-31 | 3.28% |
| 2020-02-29 | 3.37% |
| 2019-11-30 | 3.69% |
| 2019-08-31 | 4.55% |
| 2019-05-31 | 4.63% |
| 2019-02-28 | 4.32% |
| 2018-11-30 | 3.11% |
| 2018-08-31 | 3.52% |
| 2018-05-31 | 3.90% |
| 2018-02-28 | 5.84% |
| 2017-11-30 | 4.25% |
| 2017-08-31 | 4.97% |
| 2017-05-31 | 8.40% |
| 2017-02-28 | 5.03% |
| 2016-11-30 | 8.19% |
| 2016-08-31 | 5.97% |
| 2016-05-31 | 10.63% |
| 2016-02-29 | 241.81% |
| 2011-02-28 | 15.61% |
| 2010-11-30 | 11.04% |
| 2010-08-31 | 13.35% |
| 2010-05-31 | 6.61% |
| 2010-02-28 | 6.67% |
| 2009-11-30 | 6.56% |
| 2009-08-31 | 4.21% |
| 2009-05-31 | 7.74% |
| 2009-02-28 | 19.14% |
| 2008-11-30 | 7.59% |
| 2008-08-31 | 7.29% |
| 2008-05-31 | 6.29% |
| 2008-02-29 | 5.68% |
| 2007-11-30 | 22.98% |
| 2007-08-31 | 17.03% |
| 2007-05-31 | 13.73% |
| 2007-02-28 | 10.46% |
| 2006-11-30 | 19.19% |
| 2006-08-31 | 9.93% |
| 2006-05-31 | 34.51% |
| 2005-11-30 | 29.62% |
| 2004-08-31 | 33.86% |
| 2004-05-31 | 15.31% |
| 2004-02-29 | 6.74% |
| 2003-11-30 | 4.04% |
| 2003-08-31 | 1.06% |
| 2003-05-31 | 9.38% |
| 2003-02-28 | 4.02% |
| 2022 |
| $3.21B |
| $438.04M |
| 13.7% |
| 2021 | $2.47B | $309.78M | 12.6% |
| 2020 | $4.12B | $195.04M | 4.7% |
| 2019 | $1.40B | $51.45M | 3.7% |
| 2018 | $1.58B | $49.16M | 3.1% |
| 2017 | $885.09M | $37.61M | 4.2% |
| 2016 | $431.37M | $35.32M | 8.2% |
| 2015 | ($511.00M) | $33.19M | N/A (Loss) |
| 2014 | ($811.09M) | $32.77M | N/A (Loss) |
| 2013 | ($815.84M) | $30.91M | N/A (Loss) |
| 2012 | ($427.47M) | $30.39M | N/A (Loss) |
| 2011 | ($269.07M) | $29.91M | N/A (Loss) |
| 2010 | $269.17M | $29.58M | 11.0% |
| 2009 | $420.84M | $27.59M | 6.6% |
| 2008 | $1.10B | $83.49M | 7.6% |
| 2007 | $444.51M | $101.12M | 22.7% |
| 2006 | $527.87M | $101.30M | 19.2% |
| 2005 | $301.23M | $89.23M | 29.6% |
| 2004 | $245.36M | $79.94M | 32.6% |
| 2003 | $561.95M | $22.70M | 4.0% |
| 2002 | $200.48M | $3.18M | 1.6% |
| 2001 | $46.09M | $3.15M | 6.8% |
| 2000 | $463.38M | $2.90M | 0.6% |
| 1999 | $86.20M | $2.90M | 3.4% |
| 1998 | ($140.50M) | $2.70M | N/A (Loss) |
| 1997 | ($161.90M) | $3.30M | N/A (Loss) |
| 1996 | ($14.10M) | $3.50M | N/A (Loss) |
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.
