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 12.09% is in line with its 5-year average of 11.74%, near the low end of its 5-year range (5.24%–134.08%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.70% below its 12-month average of 12.96%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 12.09%.
FCF PAYOUT RATIO
12.09%
FCF PAYOUT RATIO AVG TTM
12.96%
FCF PAYOUT RATIO AVG 3Y
13.65%
FCF PAYOUT RATIO AVG 5Y
11.74%
FCF PAYOUT RATIO AVG 10Y
19.66%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-6.70%
CURRENT VS 3Y AVG
-11.43%
CURRENT VS 5Y AVG
+3.00%
CURRENT VS 10Y AVG
-38.48%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
12.1%
Earnings Payout Ratio
18.5%
Dividend Yield
0.77%
FCF Yield
6.69%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $149.33M | $21.77M | 14.6% |
| 2024 | $190.16M | $21.77M | 11.4% |
| 2023 | $146.41M | $21.34M | 14.6% |
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 |
|---|---|
| 2026-06-30 | 12.09% |
| 2026-03-31 | 14.55% |
| 2025-12-31 | 14.58% |
| 2025-09-30 | 11.74% |
| 2025-06-30 | 11.85% |
| 2025-03-31 | 11.85% |
| 2024-12-31 | 11.45% |
| 2024-09-30 | 16.62% |
| 2024-06-30 | 15.74% |
| 2024-03-31 | 15.17% |
| 2023-12-31 | 14.57% |
| 2023-09-30 | 134.08% |
| 2023-06-30 | 111.70% |
| 2023-03-31 | 106.58% |
| 2022-12-31 | 119.78% |
| 2022-09-30 | 10.84% |
| 2022-06-30 | 9.47% |
| 2022-03-31 | 8.81% |
| 2021-12-31 | 9.51% |
| 2021-09-30 | 5.24% |
| 2021-06-30 | 5.54% |
| 2021-03-31 | 7.18% |
| 2020-12-31 | 8.34% |
| 2020-09-30 | 19.09% |
| 2020-06-30 | 25.15% |
| 2020-03-31 | 22.70% |
| 2019-12-31 | 25.33% |
| 2019-09-30 | 24.37% |
| 2019-06-30 | 25.58% |
| 2019-03-31 | 28.60% |
| 2018-12-31 | 30.69% |
| 2018-09-30 | 31.91% |
| 2018-06-30 | 28.85% |
| 2018-03-31 | 30.60% |
| 2017-12-31 | 27.48% |
| 2017-09-30 | 34.72% |
| 2017-06-30 | 36.99% |
| 2017-03-31 | 31.84% |
| 2016-12-31 | 29.61% |
| 2016-09-30 | 30.28% |
| 2016-06-30 | 28.48% |
| 2016-03-31 | 31.71% |
| 2015-12-31 | 30.21% |
| 2015-09-30 | 27.32% |
| 2015-06-30 | 20.23% |
| 2015-03-31 | 40.09% |
| 2014-12-31 | 38.12% |
| 2014-09-30 | 43.72% |
| 2014-06-30 | 196.68% |
| 2022 |
| $170.16M |
| $203.82M |
| 119.8% |
| 2021 | $220.65M | $20.98M | 9.5% |
| 2020 | $369.29M | $30.83M | 8.3% |
| 2019 | $155.94M | $39.50M | 25.3% |
| 2018 | $127.69M | $39.19M | 30.7% |
| 2017 | $143.77M | $39.51M | 27.5% |
| 2016 | $132.26M | $39.16M | 29.6% |
| 2015 | $137.96M | $41.68M | 30.2% |
| 2014 | $126.80M | $48.34M | 38.1% |
| 2013 | ($71.55M) | $37.59M | N/A (Loss) |
| 2012 | ($13.44M) | $15.64M | N/A (Loss) |
| 2011 | $6.82M | $0 | 0.0% |
| 2010 | $76.25M | $0 | 0.0% |
| 2009 | $83.77M | $0 | 0.0% |
| 2008 | $48.76M | $0 | 0.0% |
| 2007 | $72.21M | $0 | 0.0% |
| 2006 | $108.56M | $0 | 0.0% |
| 2005 | $47.69M | $0 | 0.0% |
| 2004 | $34.26M | $0 | 0.0% |
| 2003 | $10.21M | $0 | 0.0% |
| 2002 | $18.30M | $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.
