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 15.99% is 49% below its 5-year average of 31.34%, near the low end of its 5-year range (10.02%–78.84%).
As of the fiscal period ended Tuesday, June 30, 2026. 69.76% below its 12-month average of 52.86%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
15.99%
FCF PAYOUT RATIO AVG TTM
52.86%
FCF PAYOUT RATIO AVG 3Y
38.50%
FCF PAYOUT RATIO AVG 5Y
31.34%
FCF PAYOUT RATIO AVG 10Y
17.81%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-69.76%
CURRENT VS 3Y AVG
-58.48%
CURRENT VS 5Y AVG
-49.00%
CURRENT VS 10Y AVG
-10.26%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
16.0%
Earnings Payout Ratio
22.1%
Dividend Yield
0.60%
FCF Yield
3.74%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $190.99M | $81.95M | 42.9% |
| 2024 | $345.07M | $178.60M | 51.8% |
| 2023 | $520.55M | $74.69M | 14.3% |
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 | 15.99% |
| 2026-03-31 | 61.38% |
| 2025-12-31 | 42.91% |
| 2025-09-30 | 78.84% |
| 2025-06-30 | 65.21% |
| 2025-03-31 | 71.34% |
| 2024-12-31 | 51.76% |
| 2024-09-30 | 18.07% |
| 2024-06-30 | 15.17% |
| 2024-03-31 | 14.86% |
| 2023-12-31 | 14.35% |
| 2023-09-30 | 18.21% |
| 2023-06-30 | 32.36% |
| 2023-03-31 | 23.59% |
| 2022-12-31 | 28.94% |
| 2022-09-30 | 28.53% |
| 2022-06-30 | 16.54% |
| 2022-03-31 | 15.54% |
| 2021-12-31 | 15.00% |
| 2021-09-30 | 19.63% |
| 2021-06-30 | 10.02% |
| 2021-03-31 | 8.02% |
| 2017-09-30 | 0.79% |
| 2017-06-30 | 0.61% |
| 2017-03-31 | 0.35% |
| 2016-12-31 | 0.69% |
| 2015-12-31 | 0.62% |
| 2022 |
| $190.46M |
| $55.12M |
| 28.9% |
| 2021 | $341.52M | $51.21M | 15.0% |
| 2020 | $217.01M | $0 | 0.0% |
| 2019 | $91.42M | $0 | 0.0% |
| 2018 | $116.29M | $0 | 0.0% |
| 2017 | $67.32M | $0 | 0.0% |
| 2016 | $79.36M | $0.55M | 0.7% |
| 2015 | $39.97M | $0.25M | 0.6% |
| 2014 | ($67.21M) | $0 | N/A (Loss) |
| 2013 | ($8.72M) | $0 | N/A (Loss) |
| 2012 | ($150.55M) | $0 | N/A (Loss) |
| 2011 | $50.14M | $0 | 0.0% |
| 2010 | $96.93M | $0 | 0.0% |
| 2009 | $43.55M | $0 | 0.0% |
| 2008 | $219.58M | $0 | 0.0% |
| 2007 | $367.19M | $0 | 0.0% |
| 2006 | $207.76M | $0 | 0.0% |
| 2005 | ($198.83M) | $0 | N/A (Loss) |
| 2004 | ($189.11M) | $0 | N/A (Loss) |
| 2003 | ($54.16M) | $0 | N/A (Loss) |
| 2002 | $81.37M | $0 | 0.0% |
| 2001 | $1.77M | $0 | 0.0% |
| 2000 | ($106.25M) | $0 | N/A (Loss) |
| 1999 | $50.91M | $0 | 0.0% |
| 1998 | $130.07M | $33.10M | 25.4% |
| 1997 | $71.06M | $5.00M | 7.0% |
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.
