Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is 187.01% as of the fiscal period ended Tuesday, March 31, 2026.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
187.01%
FCF PAYOUT RATIO AVG TTM
90.25%
FCF PAYOUT RATIO AVG 3Y
73.22%
FCF PAYOUT RATIO AVG 5Y
73.74%
FCF PAYOUT RATIO AVG 10Y
77.65%
FCF PAYOUT RATIO AVG 15Y
78.35%
FCF PAYOUT RATIO AVG 20Y
79.76%
CURRENT VS TTM AVG
+107.21%
CURRENT VS 3Y AVG
+155.39%
CURRENT VS 5Y AVG
+153.62%
CURRENT VS 10Y AVG
+140.83%
CURRENT VS 15Y AVG
+138.67%
CURRENT VS 20Y AVG
+134.46%
FCF Payout Ratio TTM
187.0%
Earnings Payout Ratio
363.6%
Dividend Yield
1.99%
FCF Yield
0.98%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.32B | $860.06M | 65.3% |
| 2024 | $1.06B | $740.33M | 70.1% |
| 2023 | $935.13M | $723.56M | 77.4% |
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 |
|---|---|
| 2026-03-31 | 187.01% |
| 2025-12-31 | 65.33% |
| 2025-09-30 | 66.36% |
| 2025-06-30 | 63.88% |
| 2025-03-31 | 68.68% |
| 2024-12-31 | 70.08% |
| 2024-09-30 | 77.57% |
| 2024-06-30 | 75.96% |
| 2024-03-31 | 76.08% |
| 2023-12-31 | 77.38% |
| 2023-09-30 | 75.64% |
| 2023-06-30 | 80.44% |
| 2023-03-31 | 81.30% |
| 2022-12-31 | 77.76% |
| 2022-09-30 | 77.74% |
| 2022-06-30 | 79.57% |
| 2022-03-31 | 78.57% |
| 2021-12-31 | 79.99% |
| 2021-09-30 | 74.98% |
| 2021-06-30 | 61.86% |
| 2021-03-31 | 65.56% |
| 2020-12-31 | 71.34% |
| 2020-09-30 | 77.82% |
| 2020-06-30 | 92.64% |
| 2020-03-31 | 93.34% |
| 2019-12-31 | 90.36% |
| 2019-09-30 | 88.73% |
| 2019-06-30 | 86.80% |
| 2019-03-31 | 84.60% |
| 2018-12-31 | 86.23% |
| 2018-09-30 | 64.56% |
| 2018-06-30 | 64.12% |
| 2018-03-31 | 65.25% |
| 2017-12-31 | 63.54% |
| 2017-09-30 | 83.55% |
| 2017-06-30 | 82.76% |
| 2017-03-31 | 82.55% |
| 2016-12-31 | 86.84% |
| 2016-09-30 | 85.33% |
| 2016-06-30 | 89.72% |
| 2016-03-31 | 91.24% |
| 2015-12-31 | 86.16% |
| 2015-09-30 | 88.52% |
| 2015-06-30 | 83.46% |
| 2015-03-31 | 82.95% |
| 2014-12-31 | 82.57% |
| 2014-09-30 | 77.64% |
| 2014-06-30 | 75.65% |
| 2014-03-31 | 76.42% |
| 2013-12-31 | 78.84% |
| 2013-09-30 | 79.47% |
| 2013-06-30 | 114.74% |
| 2011-03-31 | 200.32% |
| 2010-12-31 | 224.47% |
| 2010-09-30 | 208.57% |
| 2010-06-30 | 91.79% |
| 2010-03-31 | 92.01% |
| 2009-12-31 | 89.43% |
| 2009-09-30 | 88.05% |
| 2009-06-30 | 98.05% |
| 2009-03-31 | 98.89% |
| 2008-12-31 | 98.24% |
| 2008-09-30 | 9.57% |
| 2008-06-30 | 9.49% |
| 2008-03-31 | 60.18% |
| 2007-12-31 | 71.58% |
| 2006-09-30 | 126.39% |
| 2006-06-30 | 275.70% |
| 2004-06-30 | 132.71% |
| 2004-03-31 | 121.51% |
| 2003-12-31 | 116.83% |
| 2003-09-30 | 102.48% |
| 2003-06-30 | 93.87% |
| 2003-03-31 | 94.51% |
| 2022 |
| $926.34M |
| $720.32M |
| 77.8% |
| 2021 | $858.69M | $686.89M | 80.0% |
| 2020 | $1.30B | $928.81M | 71.3% |
| 2019 | $1.28B | $1.16B | 90.4% |
| 2018 | $1.31B | $1.13B | 86.2% |
| 2017 | $1.30B | $827.28M | 63.5% |
| 2016 | $1.25B | $1.02B | 82.0% |
| 2015 | $1.28B | $1.00B | 78.1% |
| 2014 | $1.06B | $875.61M | 82.6% |
| 2013 | $1.02B | $802.12M | 78.8% |
| 2012 | $809.38M | $728.55M | 90.0% |
| 2011 | $675.13M | $523.60M | 77.6% |
| 2010 | $427.77M | $344.17M | 80.5% |
| 2009 | $408.30M | $324.27M | 79.4% |
| 2008 | $363.55M | $288.85M | 79.5% |
| 2007 | $393.44M | $286.19M | 72.7% |
| 2006 | $0.00M | $160.60M | N/A (Loss) |
| 2005 | $0.00M | $125.84M | N/A (Loss) |
| 2004 | ($173.97M) | $103.52M | N/A (Loss) |
| 2003 | $137.11M | $80.25M | 58.5% |
| 2002 | $116.08M | $50.13M | 43.2% |
| 2001 | $78.78M | $65.27M | 82.9% |
| 2000 | $85.34M | $42.43M | 49.7% |
| 1999 | $103.28M | $26.49M | 25.6% |
| 1998 | $72.18M | $0 | 0.0% |
| 1997 | ($10.74M) | $0 | N/A (Loss) |
| 1996 | $48.51M | $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.
