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 5.61% is 41% below its 5-year average of 9.51%, near the low end of its 5-year range (3.04%–24.64%).
As of the fiscal period ended Tuesday, June 30, 2026. 45.76% below its 12-month average of 10.34%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 5.61%.
FCF PAYOUT RATIO
5.61%
FCF PAYOUT RATIO AVG TTM
10.34%
FCF PAYOUT RATIO AVG 3Y
13.13%
FCF PAYOUT RATIO AVG 5Y
9.51%
FCF PAYOUT RATIO AVG 10Y
9.85%
FCF PAYOUT RATIO AVG 15Y
8.31%
FCF PAYOUT RATIO AVG 20Y
12.13%
CURRENT VS TTM AVG
-45.76%
CURRENT VS 3Y AVG
-57.27%
CURRENT VS 5Y AVG
-41.00%
CURRENT VS 10Y AVG
-43.02%
CURRENT VS 15Y AVG
-32.49%
CURRENT VS 20Y AVG
-53.76%
FCF Payout Ratio TTM
5.6%
Earnings Payout Ratio
69.6%
Dividend Yield
0.37%
FCF Yield
6.68%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $100.79M | $10.97M | 10.9% |
| 2024 | $45.85M | $11.29M | 24.6% |
| 2023 | $90.17M | $11.54M | 12.8% |
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 | 5.61% |
| 2026-03-31 | 6.98% |
| 2025-12-31 | 9.13% |
| 2025-09-30 | 12.92% |
| 2025-06-30 | 17.07% |
| 2025-03-31 | 18.38% |
| 2024-12-31 | 24.64% |
| 2024-09-30 | 13.92% |
| 2024-06-30 | 10.93% |
| 2024-03-31 | 20.61% |
| 2023-12-31 | 12.80% |
| 2023-09-30 | 11.59% |
| 2023-06-30 | 6.08% |
| 2023-03-31 | 3.64% |
| 2022-12-31 | 3.55% |
| 2022-09-30 | 3.04% |
| 2022-06-30 | 3.44% |
| 2022-03-31 | 3.99% |
| 2021-12-31 | 3.32% |
| 2021-09-30 | 3.94% |
| 2021-06-30 | 4.08% |
| 2021-03-31 | 5.72% |
| 2020-12-31 | 5.49% |
| 2020-09-30 | 6.29% |
| 2020-06-30 | 8.66% |
| 2020-03-31 | 7.96% |
| 2019-12-31 | 12.05% |
| 2019-09-30 | 6.13% |
| 2019-06-30 | 5.66% |
| 2019-03-31 | 5.24% |
| 2018-12-31 | 4.10% |
| 2018-09-30 | 5.26% |
| 2018-06-30 | 5.67% |
| 2018-03-31 | 7.39% |
| 2017-12-31 | 10.83% |
| 2017-09-30 | 18.91% |
| 2017-06-30 | 27.51% |
| 2017-03-31 | 36.99% |
| 2016-12-31 | 26.39% |
| 2016-09-30 | 24.69% |
| 2016-06-30 | 17.84% |
| 2016-03-31 | 11.67% |
| 2015-12-31 | 11.57% |
| 2015-09-30 | 8.96% |
| 2015-06-30 | 5.74% |
| 2015-03-31 | 5.04% |
| 2014-12-31 | 4.11% |
| 2014-09-30 | 3.25% |
| 2014-06-30 | 3.95% |
| 2014-03-31 | 5.33% |
| 2013-12-31 | 5.44% |
| 2013-09-30 | 4.22% |
| 2013-06-30 | 5.13% |
| 2013-03-31 | 9.66% |
| 2012-12-31 | 8.04% |
| 2012-09-30 | 19.19% |
| 2012-06-30 | 14.23% |
| 2012-03-31 | 6.00% |
| 2011-12-31 | 7.51% |
| 2011-09-30 | 9.71% |
| 2011-06-30 | 34.48% |
| 2011-03-31 | 33.09% |
| 2010-12-31 | 29.74% |
| 2008-12-31 | 37.17% |
| 2008-09-30 | 18.46% |
| 2008-06-30 | 18.39% |
| 2008-03-31 | 20.22% |
| 2007-12-31 | 36.22% |
| 2007-09-30 | 71.10% |
| 2007-06-30 | 153.20% |
| 2007-03-31 | 219.68% |
| 2006-12-31 | 90.48% |
| 2006-09-30 | 159.36% |
| 2006-06-30 | 170.94% |
| 2006-03-31 | 100.08% |
| 2005-12-31 | 54.17% |
| 2005-09-30 | 31.16% |
| 2005-06-30 | 29.55% |
| 2005-03-31 | 29.65% |
| 2004-12-31 | 28.92% |
| 2004-09-30 | 28.52% |
| 2004-06-30 | 32.87% |
| 2022 |
| $305.31M |
| $10.83M |
| 3.5% |
| 2021 | $245.04M | $8.14M | 3.3% |
| 2020 | $148.50M | $8.16M | 5.5% |
| 2019 | $67.93M | $8.19M | 12.1% |
| 2018 | $201.26M | $8.24M | 4.1% |
| 2017 | $76.29M | $8.26M | 10.8% |
| 2016 | $31.52M | $8.32M | 26.4% |
| 2015 | $59.08M | $6.84M | 11.6% |
| 2014 | $99.86M | $4.10M | 4.1% |
| 2013 | $59.47M | $3.23M | 5.4% |
| 2012 | $40.04M | $3.22M | 8.0% |
| 2011 | $42.33M | $3.18M | 7.5% |
| 2010 | $10.51M | $3.13M | 29.7% |
| 2009 | ($41.43M) | $15.52M | N/A (Loss) |
| 2008 | $46.61M | $15.34M | 32.9% |
| 2007 | $41.86M | $15.16M | 36.2% |
| 2006 | $16.88M | $15.27M | 90.5% |
| 2005 | $25.30M | $13.70M | 54.2% |
| 2004 | $41.53M | $12.01M | 28.9% |
| 2003 | $6.16M | $7.96M | 129.1% |
| 2002 | $33.00M | $0 | 0.0% |
| 2001 | ($9.82M) | $2.49M | N/A (Loss) |
| 2000 | $30.49M | $4.12M | 13.5% |
| 1999 | $61.81M | $4.30M | 7.0% |
| 1998 | $11.41M | $4.30M | 37.7% |
| 1997 | $64.55M | $4.30M | 6.7% |
| 1996 | $2.45M | $4.49M | 183.5% |
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.
