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 47.65% is 538% above its 3-year average of 7.47%, around the middle of its 3-year range (2.32%–99.33%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.75% below its 12-month average of 52.80%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 47.65%.
FCF PAYOUT RATIO
47.65%
FCF PAYOUT RATIO AVG TTM
52.80%
FCF PAYOUT RATIO AVG 3Y
22.99%
FCF PAYOUT RATIO AVG 5Y
7.47%
FCF PAYOUT RATIO AVG 10Y
16.27%
FCF PAYOUT RATIO AVG 15Y
15.47%
FCF PAYOUT RATIO AVG 20Y
9.12%
CURRENT VS TTM AVG
-9.75%
CURRENT VS 3Y AVG
+107.26%
CURRENT VS 5Y AVG
+537.95%
CURRENT VS 10Y AVG
+192.93%
CURRENT VS 15Y AVG
+207.98%
CURRENT VS 20Y AVG
+422.63%
FCF Payout Ratio TTM
47.7%
Earnings Payout Ratio
15.3%
Dividend Yield
1.19%
FCF Yield
2.50%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($56.13M) | $26.85M | N/A (Loss) |
| 2024 | $182.32M | $26.27M | 14.4% |
| 2023 | $796.31M | $25.37M | 3.2% |
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 | 47.65% |
| 2025-09-30 | 11.42% |
| 2025-06-30 | 99.33% |
| 2025-03-31 | 50.72% |
| 2024-12-31 | 14.41% |
| 2024-09-30 | 14.61% |
| 2024-06-30 | 3.84% |
| 2024-03-31 | 2.88% |
| 2023-12-31 | 3.19% |
| 2023-09-30 | 2.54% |
| 2023-06-30 | 2.32% |
| 2023-03-31 | 2.79% |
| 2022-12-31 | 16.70% |
| 2020-09-30 | 36.52% |
| 2020-06-30 | 6.10% |
| 2019-12-31 | 28.33% |
| 2017-06-30 | 341.46% |
| 2015-06-30 | 151.44% |
| 2015-03-31 | 32.40% |
| 2014-09-30 | 6.34% |
| 2014-06-30 | 54.83% |
| 2014-03-31 | 18.31% |
| 2013-12-31 | 6.06% |
| 2013-09-30 | 3.21% |
| 2013-06-30 | 4.42% |
| 2012-12-31 | 7.55% |
| 2012-03-31 | 4.86% |
| 2011-12-31 | 4.48% |
| 2011-09-30 | 15.84% |
| 2010-06-30 | 6.00% |
| 2010-03-31 | 4.93% |
| 2009-12-31 | 4.57% |
| 2009-09-30 | 2.50% |
| 2009-06-30 | 1.05% |
| 2009-03-31 | 1.70% |
| 2008-12-31 | 3.67% |
| 2003-12-31 | 16.96% |
| 2022 |
| $147.38M |
| $24.61M |
| 16.7% |
| 2021 | ($132.85M) | $23.75M | N/A (Loss) |
| 2020 | ($179.32M) | $23.00M | N/A (Loss) |
| 2019 | $78.08M | $22.12M | 28.3% |
| 2018 | ($345.10M) | $18.64M | N/A (Loss) |
| 2017 | ($102.34M) | $18.15M | N/A (Loss) |
| 2016 | ($123.42M) | $17.36M | N/A (Loss) |
| 2015 | ($33.37M) | $15.92M | N/A (Loss) |
| 2014 | ($159.81M) | $12.48M | N/A (Loss) |
| 2013 | $197.82M | $11.99M | 6.1% |
| 2012 | $147.98M | $11.17M | 7.5% |
| 2011 | $181.94M | $8.15M | 4.5% |
| 2010 | ($288.54M) | $6.58M | N/A (Loss) |
| 2009 | $138.72M | $6.35M | 4.6% |
| 2008 | $160.34M | $5.88M | 3.7% |
| 2007 | ($240.69M) | $3.93M | N/A (Loss) |
| 2006 | ($164.79M) | $2.81M | N/A (Loss) |
| 2005 | ($72.93M) | $2.45M | N/A (Loss) |
| 2004 | $3.74M | $2.21M | 59.2% |
| 2003 | $11.85M | $2.01M | 17.0% |
| 2002 | $5.21M | $1.90M | 36.5% |
| 2001 | ($37.05M) | $1.91M | N/A (Loss) |
| 2000 | ($67.05M) | $1.82M | N/A (Loss) |
| 1999 | ($9.80M) | $1.60M | N/A (Loss) |
| 1998 | $4.20M | $1.30M | 31.0% |
| 1997 | ($30.40M) | $1.00M | N/A (Loss) |
| 1996 | $149.30M | $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.
