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 9.18% is 42% below its 5-year average of 15.75%, near the low end of its 5-year range (3.11%–60.74%).
As of the fiscal period ended Tuesday, June 30, 2026. 79.90% above its 12-month average of 5.10%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
9.18%
FCF PAYOUT RATIO AVG TTM
5.10%
FCF PAYOUT RATIO AVG 3Y
6.74%
FCF PAYOUT RATIO AVG 5Y
9.73%
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
+79.90%
CURRENT VS 3Y AVG
+36.16%
CURRENT VS 5Y AVG
-5.72%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
9.2%
Earnings Payout Ratio
4.7%
Dividend Yield
0.14%
FCF Yield
1.51%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $175.50M | $10.00M | 5.7% |
| 2024 | $312.30M | $9.70M | 3.1% |
| 2023 | $57.50M | $9.80M | 17.0% |
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 | 9.18% |
| 2026-03-31 | 4.15% |
| 2025-12-31 | 5.70% |
| 2025-09-30 | 3.15% |
| 2025-06-30 | 3.33% |
| 2025-03-31 | 3.90% |
| 2024-12-31 | 3.11% |
| 2024-09-30 | 8.11% |
| 2024-06-30 | 60.74% |
| 2024-03-31 | 9.73% |
| 2023-12-31 | 17.04% |
| 2023-06-30 | 26.67% |
| 2023-03-31 | 47.57% |
| 2022-12-31 | 27.00% |
| 2022-09-30 | 6.05% |
| 2022-06-30 | 7.61% |
| 2022-03-31 | 9.85% |
| 2021-12-31 | 12.04% |
| 2021-09-30 | 41.25% |
| 2021-06-30 | 8.85% |
| 2021-03-31 | 7.03% |
| 2020-12-31 | 5.51% |
| 2020-09-30 | 3.44% |
| 2020-06-30 | 3.95% |
| 2020-03-31 | 5.30% |
| 2019-12-31 | 3.62% |
| 2019-09-30 | 5.07% |
| 2019-06-30 | 5.14% |
| 2019-03-31 | 2.54% |
| 2022 |
| $36.30M |
| $9.80M |
| 27.0% |
| 2021 | $81.40M | $9.80M | 12.0% |
| 2020 | $177.80M | $9.80M | 5.5% |
| 2019 | $273.40M | $9.90M | 3.6% |
| 2018 | $73.70M | $0 | 0.0% |
| 2017 | $79.60M | $0 | 0.0% |
| 2016 | $143.00M | $0 | 0.0% |
| 2015 | $204.40M | $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.
