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 34.23% is 129% above its 5-year average of 14.95%, near the high end of its 5-year range (2.65%–34.75%).
As of the fiscal period ended Tuesday, June 30, 2026. 14.41% above its 12-month average of 29.92%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 34.23%.
FCF PAYOUT RATIO
34.23%
FCF PAYOUT RATIO AVG TTM
29.92%
FCF PAYOUT RATIO AVG 3Y
20.94%
FCF PAYOUT RATIO AVG 5Y
14.95%
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
+14.41%
CURRENT VS 3Y AVG
+63.47%
CURRENT VS 5Y AVG
+129.04%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
34.2%
Earnings Payout Ratio
N/A
Dividend Yield
5.17%
FCF Yield
14.40%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $108.39M | $30.77M | 28.4% |
| 2024 | $183.64M | $30.10M | 16.4% |
| 2023 | $201.17M | $28.52M | 14.2% |
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 | 34.23% |
| 2026-03-31 | 34.75% |
| 2025-12-31 | 28.39% |
| 2025-09-30 | 28.23% |
| 2025-06-30 | 24.01% |
| 2025-03-31 | 18.55% |
| 2024-12-31 | 16.29% |
| 2024-09-30 | 14.70% |
| 2024-06-30 | 16.55% |
| 2024-03-31 | 14.16% |
| 2023-12-31 | 14.00% |
| 2023-09-30 | 14.36% |
| 2023-06-30 | 14.03% |
| 2023-03-31 | 17.74% |
| 2022-12-31 | 12.71% |
| 2022-09-30 | 10.94% |
| 2022-06-30 | 10.18% |
| 2022-03-31 | 6.60% |
| 2021-12-31 | 4.95% |
| 2021-09-30 | 2.65% |
| 2022 |
| $198.48M |
| $25.23M |
| 12.7% |
| 2021 | $233.47M | $11.55M | 4.9% |
| 2020 | $113.22M | $0 | 0.0% |
| 2019 | $50.19M | $0 | 0.0% |
| 2018 | $22.18M | $0 | 0.0% |
| 2017 | $3.29M | $0 | 0.0% |
| 2016 | $0.94M | $0 | 0.0% |
| 2015 | $0.29M | $0 | 0.0% |
| 2014 | $0.20M | $0 | 0.0% |
| 2013 | ($0.02M) | $0 | N/A (Loss) |
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.
