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 29.83% is 46% above its 4-year average of 20.49%, near the low end of its 4-year range (3.58%–214.29%).
As of the fiscal period ended Tuesday, June 30, 2026. 24.52% above its 12-month average of 23.96%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
29.83%
FCF PAYOUT RATIO AVG TTM
23.96%
FCF PAYOUT RATIO AVG 3Y
51.71%
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
+24.52%
CURRENT VS 3Y AVG
-42.31%
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
29.8%
Earnings Payout Ratio
8.2%
Dividend Yield
0.80%
FCF Yield
2.67%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $567.00M | $105.00M | 18.5% |
| 2024 | $42.00M | $90.00M | 214.3% |
| 2023 | ($440.00M) | $72.00M | N/A (Loss) |
| 2022 | $342.00M | $72.00M | 21.1% |
| 2021 | $530.00M | $19.00M | 3.6% |
| 2020 | $41.00M | $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.
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 | 29.83% |
| 2026-03-31 | 36.93% |
| 2025-12-31 | 18.52% |
| 2025-09-30 | 16.28% |
| 2025-06-30 | 18.21% |
| 2025-03-31 | 27.87% |
| 2024-12-31 | 214.29% |
| 2023-03-31 | 52.94% |
| 2022-12-31 | 21.05% |
| 2022-09-30 | 9.17% |
| 2022-06-30 | 4.86% |
| 2022-03-31 | 6.62% |
| 2021-12-31 | 3.58% |
| 0.0% |
| 2019 | $307.00M | $0 | 0.0% |
| 2018 | $49.00M | $0 | 0.0% |
| 2017 | $819.00M | $0 | 0.0% |
| 2016 | ($715.00M) | $0 | N/A (Loss) |
| 2015 | $484.00M | $0 | 0.0% |
| 2014 | $398.00M | $0 | 0.0% |
| 2013 | ($115.00M) | $0 | N/A (Loss) |
