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 34.49% is 57% below its 4-year average of 80.03%, near the low end of its 4-year range (8.71%–247.34%).
As of the fiscal period ended Tuesday, June 30, 2026. 16.81% below its 12-month average of 41.46%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
34.49%
FCF PAYOUT RATIO AVG TTM
41.46%
FCF PAYOUT RATIO AVG 3Y
38.45%
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
-16.81%
CURRENT VS 3Y AVG
-10.32%
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
34.5%
Earnings Payout Ratio
128.5%
Dividend Yield
1.70%
FCF Yield
4.86%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.16B | $640.74M | 55.3% |
| 2024 | $508.46M | $67.26M | 13.2% |
| 2023 | $419.75M | $296.59M | 70.7% |
| 2022 | $489.32M | $1.10B | 224.0% |
| 2021 | $139.37M | $36.41M | 26.1% |
| 2020 | $292.21M | $37.25M |
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 | 34.49% |
| 2026-03-31 | 40.84% |
| 2025-12-31 | 52.92% |
| 2025-09-30 | 46.64% |
| 2025-06-30 | 32.40% |
| 2025-03-31 | 17.79% |
| 2024-12-31 | 9.09% |
| 2024-09-30 | 8.71% |
| 2024-06-30 | 39.86% |
| 2024-03-31 | 64.60% |
| 2023-12-31 | 75.66% |
| 2023-09-30 | 135.95% |
| 2023-06-30 | 214.70% |
| 2023-03-31 | 247.34% |
| 2022-12-31 | 223.97% |
| 2022-09-30 | 203.67% |
| 2022-06-30 | 23.09% |
| 2022-03-31 | 22.67% |
| 2021-12-31 | 26.13% |
| 12.7% |
| 2019 | $51.90M | $37.43M | 72.1% |
| 2018 | $154.44M | $37.24M | 24.1% |
| 2017 | $71.88M | $36.85M | 51.3% |
| 2016 | $26.72M | $36.56M | 136.9% |
| 2015 | $29.54M | $36.34M | 123.0% |
