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PepsiCo, Inc. (PEP) FCF Payout Ratio: 88.88%

Is PepsiCo, Inc.’s FCF payout ratio high or low?

PepsiCo, Inc.'s FCF payout ratio of 88.88% is in line with its 5-year average of 94.03%, near the low end of its 5-year range (83.18%–110.14%).

The FCF payout ratio for PepsiCo, Inc. (PEP) is 88.88%. It is below its 12-month average by 11.17% (100.06%).

PEP FCF Payout Ratio Chart

PEP FCF Payout Ratio
99.56%-0.99% 1Y
Zoom

PEP Average FCF Payout Ratio Chart

PEP Current vs Average FCF Payout Ratio Chart

PEP FCF Payout Ratio Metrics

FCF PAYOUT RATIO

88.88%

FCF PAYOUT RATIO AVG TTM

100.06%

FCF PAYOUT RATIO AVG 3Y

98.64%

FCF PAYOUT RATIO AVG 5Y

94.03%

FCF PAYOUT RATIO AVG 10Y

83.20%

FCF PAYOUT RATIO AVG 15Y

74.05%

FCF PAYOUT RATIO AVG 20Y

68.29%

CURRENT VS TTM AVG

-11.17%

CURRENT VS 3Y AVG

-9.90%

CURRENT VS 5Y AVG

-5.48%

CURRENT VS 10Y AVG

+6.83%

CURRENT VS 15Y AVG

+20.03%

CURRENT VS 20Y AVG

+30.15%

Payout Ratio Comparison

FCF Payout Ratio

88.9%

Earnings Payout Ratio

95.3%

Dividend Yield

3.99%

FCF Yield

4.47%

Annual FCF Payout Ratio History

YearFree Cash FlowDividends PaidFCF Payout Ratio
2025$7.67B$7.64B99.6%
2024$7.19B$7.23B100.6%
2023$7.92B$6.68B84.3%
2022$5.60B$6.17B110.1%
2021$6.99B$5.82B83.2%
2020$6.37B$5.51B86.4%
2019$5.42B$5.30B97.9%
2018$6.13B$4.93B80.4%
2017$7.03B$4.47B63.7%
2016$7.36B$4.23B57.4%
2015$7.82B$4.04B51.6%
2014$7.65B$3.73B48.8%
2013$6.89B$3.43B49.8%
2012$5.76B$3.31B57.3%
2011$5.61B$3.16B56.3%
2010$5.20B$2.98B57.3%
2009$4.67B$2.73B58.5%
2008$4.55B$2.54B55.8%
2007$4.50B$2.20B48.9%
2006$4.02B$1.85B46.2%
2005$4.12B$1.64B39.9%
2004$3.67B$1.33B36.2%
2003$2.98B$1.07B35.9%
2002$3.19B$1.04B32.6%
2001$2.88B$994.00M34.5%
2000$3.09B$949.00M30.7%
1999$1.48B$935.00M63.2%
1998($2.73B)$757.00MN/A (Loss)
1997$8.15B$736.00M9.0%
1996$2.17B$675.00M31.1%

Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100

FCF payout and earnings payout:

  • FCF represents operating cash flow after capital expenditures
  • FCF payout compares dividends paid with free cash flow
  • FCF payout above 100% means dividends paid exceeded free cash flow for the period
  • Earnings payout compares dividends paid with net income

Reading the series: Use the chart and table to compare dividend payments with cash generation over time.

PepsiCo, Inc. FCF Payout Ratio Formula & Definition

FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

PepsiCo, Inc. FCF Payout Ratio FAQ

What is the FCF payout ratio for PepsiCo, Inc. (PEP)?
The FCF payout ratio for PEP stock is 88.88%.
Is PepsiCo, Inc.'s FCF payout ratio high or low?
PepsiCo, Inc.'s FCF payout ratio of 88.88% is in line with its 5-year average of 94.03%, near the low end of its 5-year range (83.18%–110.14%).
What is the TTM average FCF payout ratio for PepsiCo, Inc. (PEP)?
The TTM average FCF payout ratio for PEP stock is 100.06%.
What is the 3Y average FCF payout ratio for PepsiCo, Inc. (PEP)?
The 3Y average FCF payout ratio for PEP stock is 98.64%.
What is the 5Y average FCF payout ratio for PepsiCo, Inc. (PEP)?
The 5Y average FCF payout ratio for PEP stock is 94.03%.
What is the 10Y average FCF payout ratio for PepsiCo, Inc. (PEP)?
The 10Y average FCF payout ratio for PEP stock is 83.20%.
What is the 15Y average FCF payout ratio for PepsiCo, Inc. (PEP)?
The 15Y average FCF payout ratio for PEP stock is 74.05%.
What is the 20Y average FCF payout ratio for PepsiCo, Inc. (PEP)?
The 20Y average FCF payout ratio for PEP stock is 68.29%.

PepsiCo, Inc. FCF Payout Ratio History

DATEFCF PAYOUT RATIO
2025-12-2799.56%
2024-12-31100.56%
2023-12-3184.33%
2022-12-31110.14%
2021-12-3183.18%
2020-12-3186.44%
2019-12-3197.91%
2018-12-3180.38%
2017-12-3163.66%
2016-12-3157.40%
2015-12-3151.65%
2014-12-3148.78%
2013-12-3149.82%
2012-12-3157.33%
2011-12-3156.32%
2010-12-3157.32%
2009-12-3158.53%
2008-12-3155.81%
2007-12-3148.93%
2006-12-3146.17%
2005-12-3139.89%
2004-12-3136.24%
2003-12-3135.87%
2002-12-3132.63%
2001-12-3134.55%
2000-12-3130.73%
1999-12-3163.22%
1997-12-319.03%
1996-12-3131.15%

About PepsiCo, Inc.

PepsiCo, Inc. is a global enterprise that creates, promotes, and supplies a diverse array of drinks and easy-to-prepare food items across the globe. Its operations are structured into seven primary divisions: Frito-Lay North America, Quaker Foods North America, PepsiCo Beverages North America, Latin America, Europe, Africa/Middle East/South Asia, and the Asia Pacific, Australia, New Zealand, and China Region. The company's extensive product catalog encompasses popular snack foods like various dips, cheese snacks, spreads, and a range of chips (including corn, potato, and tortilla varieties). Its pantry staples feature cereals, rice, pasta, baking mixes, beverage syrups, granola bars, grits, oatmeal, rice cakes, and ready-made side dishes. In the beverage sector, PepsiCo offers concentrated syrups, fountain beverages, pre-packaged drinks, ready-to-consume teas, coffees, fruit juices, dairy-based items, and home carbonation systems with associated goods. PepsiCo reaches its broad clientele, which includes wholesale partners, food service providers, various retail outlets like supermarkets, pharmacies, convenience shops, discount stores, large-format retailers, membership-based stores, hard discount retailers, online merchants, and approved independent bottlers. This widespread distribution is achieved via direct store delivery, customer warehouse systems, and comprehensive distributor networks, along with direct sales to consumers through digital commerce channels and retail partners. Established in 1898, the corporation maintains its principal office in Purchase, New York.

Purchase, NY
319,000 employees
Consumer Defensive / Beverages - Non-Alcoholic
Sector
Consumer Defensive
Industry
Beverages - Non-Alcoholic
CEO
Ramon Luis Laguarta