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 22.84% is 63% above its 5-year average of 14.05%, near the high end of its 5-year range (2.05%–26.74%).
As of the fiscal period ended Tuesday, March 31, 2026. 55.27% above its 12-month average of 14.71%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
22.84%
FCF PAYOUT RATIO AVG TTM
14.71%
FCF PAYOUT RATIO AVG 3Y
13.62%
FCF PAYOUT RATIO AVG 5Y
13.37%
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
+55.27%
CURRENT VS 3Y AVG
+67.66%
CURRENT VS 5Y AVG
+70.83%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
22.8%
Earnings Payout Ratio
10.1%
Dividend Yield
0.15%
FCF Yield
0.59%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $125.90M | $15.60M | 12.4% |
| 2024 | $73.96M | $15.37M | 20.8% |
| 2023 | $147.93M | $15.22M | 10.3% |
| 2022 | $124.70M | $15.20M | 12.2% |
| 2021 | $108.37M | $15.38M | 14.2% |
| 2020 | $164.75M | $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 |
|---|---|
| 2026-03-31 | 22.84% |
| 2025-12-31 | 12.39% |
| 2025-09-30 | 10.23% |
| 2025-06-30 | 12.45% |
| 2025-03-31 | 15.64% |
| 2024-12-31 | 20.78% |
| 2024-09-30 | 20.77% |
| 2024-06-30 | 13.72% |
| 2024-03-31 | 12.16% |
| 2023-12-31 | 10.29% |
| 2023-09-30 | 11.76% |
| 2023-06-30 | 12.52% |
| 2023-03-31 | 10.76% |
| 2022-12-31 | 12.19% |
| 2022-09-30 | 15.42% |
| 2022-06-30 | 26.74% |
| 2022-03-31 | 25.60% |
| 2021-12-31 | 14.20% |
| 2021-09-30 | 8.35% |
| 2021-06-30 | 4.19% |
| 2021-03-31 | 2.05% |
| 0.0% |
| 2019 | $23.20M | $0 | 0.0% |
| 2018 | $130.94M | $0 | 0.0% |
| 2017 | $173.66M | $0 | 0.0% |
| 2016 | $111.84M | $0 | 0.0% |
| 2015 | $100.79M | $0 | 0.0% |
| 2014 | $69.48M | $0 | 0.0% |
| 2013 | $25.70M | $0 | 0.0% |
| 2012 | $100.54M | $0 | 0.0% |
| 2011 | $19.21M | $0 | 0.0% |
| 2010 | ($0.59M) | $0 | N/A (Loss) |
| 2009 | $3.58M | $0 | 0.0% |
| 2008 | $16.88M | $0 | 0.0% |
| 2007 | $52.94M | $0 | 0.0% |
| 2006 | $82.17M | $0 | 0.0% |
| 2005 | $25.23M | $0 | 0.0% |
| 2004 | ($25.40M) | $0 | N/A (Loss) |
| 2003 | ($33.49M) | $0 | N/A (Loss) |
| 2002 | ($26.02M) | $0 | N/A (Loss) |
| 2001 | ($4.57M) | $0 | N/A (Loss) |
| 2000 | $8.69M | $0 | 0.0% |
| 1999 | $3.26M | $0 | 0.0% |
| 1998 | $3.43M | $0 | 0.0% |
| 1997 | $2.91M | $0 | 0.0% |
| 1996 | ($1.89M) | $0 | N/A (Loss) |
