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 29.88% is 33% above its 5-year average of 22.49%, near the high end of its 5-year range (12.44%–31.11%).
As of the fiscal period ended Sunday, May 3, 2026. 2.56% above its 12-month average of 29.13%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
29.88%
FCF PAYOUT RATIO AVG TTM
29.13%
FCF PAYOUT RATIO AVG 3Y
23.68%
FCF PAYOUT RATIO AVG 5Y
22.49%
FCF PAYOUT RATIO AVG 10Y
28.89%
FCF PAYOUT RATIO AVG 15Y
33.97%
FCF PAYOUT RATIO AVG 20Y
33.25%
CURRENT VS TTM AVG
+2.56%
CURRENT VS 3Y AVG
+26.19%
CURRENT VS 5Y AVG
+32.85%
CURRENT VS 10Y AVG
+3.41%
CURRENT VS 15Y AVG
-12.03%
CURRENT VS 20Y AVG
-10.13%
FCF Payout Ratio TTM
29.9%
Earnings Payout Ratio
30.6%
Dividend Yield
1.09%
FCF Yield
3.65%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $1.06B | $316.48M | 30.0% |
| 2025 | $1.14B | $280.06M | 24.6% |
| 2024 | $1.49B | $232.47M | 15.6% |
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 |
|---|---|
| 2026-05-03 | 29.88% |
| 2026-02-01 | 29.92% |
| 2025-11-02 | 27.81% |
| 2025-08-03 | 29.22% |
| 2025-05-04 | 28.84% |
| 2025-01-31 | 24.60% |
| 2024-10-27 | 22.35% |
| 2024-07-28 | 19.78% |
| 2024-04-28 | 17.11% |
| 2024-01-31 | 15.58% |
| 2023-10-29 | 18.65% |
| 2023-07-30 | 20.38% |
| 2023-04-30 | 24.75% |
| 2023-01-31 | 31.11% |
| 2022-10-30 | 25.56% |
| 2022-07-31 | 21.29% |
| 2022-05-01 | 18.85% |
| 2022-01-31 | 16.38% |
| 2021-10-31 | 15.30% |
| 2021-08-01 | 12.44% |
| 2021-05-02 | 12.70% |
| 2021-01-31 | 14.26% |
| 2020-11-01 | 14.63% |
| 2020-08-02 | 23.22% |
| 2020-05-03 | 27.02% |
| 2020-01-31 | 35.78% |
| 2019-11-03 | 47.15% |
| 2019-08-04 | 57.73% |
| 2019-05-05 | 50.23% |
| 2019-01-31 | 35.45% |
| 2018-10-28 | 36.12% |
| 2018-07-29 | 34.49% |
| 2018-04-29 | 36.93% |
| 2018-01-31 | 43.55% |
| 2017-10-29 | 43.55% |
| 2017-07-30 | 41.39% |
| 2017-04-30 | 38.13% |
| 2017-01-31 | 40.80% |
| 2016-10-30 | 34.91% |
| 2016-07-31 | 37.83% |
| 2016-05-01 | 37.42% |
| 2016-01-31 | 37.42% |
| 2015-11-01 | 56.54% |
| 2015-08-02 | 44.91% |
| 2015-05-03 | 48.39% |
| 2015-01-31 | 48.95% |
| 2014-11-02 | 50.63% |
| 2014-08-03 | 56.02% |
| 2014-05-04 | 47.36% |
| 2014-01-31 | 42.95% |
| 2013-11-03 | 47.97% |
| 2013-08-04 | 61.32% |
| 2013-05-05 | 87.68% |
| 2013-01-31 | 55.35% |
| 2012-10-28 | 39.66% |
| 2012-07-29 | 33.16% |
| 2012-04-29 | 33.29% |
| 2012-01-31 | 42.79% |
| 2011-10-30 | 34.78% |
| 2011-07-31 | 29.38% |
| 2011-05-01 | 23.13% |
| 2011-01-31 | 20.12% |
| 2010-10-31 | 18.66% |
| 2010-08-01 | 15.68% |
| 2010-05-02 | 13.79% |
| 2010-01-31 | 12.22% |
| 2009-11-01 | 19.85% |
| 2009-08-02 | 27.90% |
| 2009-05-03 | 36.66% |
| 2009-01-31 | 131.65% |
| 2008-11-02 | 39.50% |
| 2008-08-03 | 79.04% |
| 2008-05-04 | 103.55% |
| 2008-01-31 | 145.79% |
| 2007-10-28 | 61.92% |
| 2007-07-29 | 50.08% |
| 2007-04-29 | 43.42% |
| 2007-01-31 | 19.34% |
| 2006-10-29 | 8.21% |
| 2023 |
| $698.71M |
| $217.34M |
| 31.1% |
| 2022 | $1.14B | $187.54M | 16.4% |
| 2021 | $1.11B | $157.65M | 14.3% |
| 2020 | $421.02M | $150.64M | 35.8% |
| 2019 | $395.88M | $140.32M | 35.4% |
| 2018 | $309.99M | $135.01M | 43.6% |
| 2017 | $327.30M | $133.54M | 40.8% |
| 2016 | $341.09M | $127.64M | 37.4% |
| 2015 | $256.90M | $125.76M | 49.0% |
| 2014 | $259.82M | $111.58M | 42.9% |
| 2013 | $158.72M | $87.85M | 55.3% |
| 2012 | $160.98M | $68.88M | 42.8% |
| 2011 | $294.08M | $59.16M | 20.1% |
| 2010 | $418.45M | $51.13M | 12.2% |
| 2009 | $38.37M | $50.52M | 131.6% |
| 2008 | $33.52M | $48.86M | 145.8% |
| 2007 | $118.13M | $34.44M | 29.1% |
| 2006 | $196.59M | $0 | 0.0% |
| 2005 | $122.98M | $0 | 0.0% |
| 2004 | ($2.63M) | $0 | N/A (Loss) |
| 2003 | $153.98M | $0 | 0.0% |
| 2002 | $49.02M | $0 | 0.0% |
| 2001 | ($53.52M) | $0 | N/A (Loss) |
| 2000 | ($14.49M) | $0 | N/A (Loss) |
| 1999 | $0.80M | $0 | 0.0% |
| 1998 | $16.60M | $0 | 0.0% |
| 1997 | $64.60M | $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.
