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 37.74% is 54% below its 5-year average of 82.67%, near the low end of its 5-year range (14.20%–457.69%).
As of the fiscal period ended Tuesday, June 30, 2026. 10.50% above its 12-month average of 34.15%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 37.74%.
FCF PAYOUT RATIO
37.74%
FCF PAYOUT RATIO AVG TTM
34.15%
FCF PAYOUT RATIO AVG 3Y
99.06%
FCF PAYOUT RATIO AVG 5Y
82.67%
FCF PAYOUT RATIO AVG 10Y
21.35%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+10.50%
CURRENT VS 3Y AVG
-61.91%
CURRENT VS 5Y AVG
-54.35%
CURRENT VS 10Y AVG
+76.74%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
37.7%
Earnings Payout Ratio
61.2%
Dividend Yield
1.25%
FCF Yield
3.32%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $21.50M | $11.90M | 55.3% |
| 2024 | $2.50M | $11.90M | 476.0% |
| 2023 | ($6.30M) | $11.80M | N/A (Loss) |
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 | 37.74% |
| 2026-03-31 | 32.26% |
| 2025-12-31 | 59.20% |
| 2025-09-30 | 26.21% |
| 2025-06-30 | 15.34% |
| 2025-03-31 | 16.53% |
| 2024-12-31 | 457.69% |
| 2024-09-30 | 147.50% |
| 2021-09-30 | 20.04% |
| 2021-06-30 | 14.20% |
| 2021-03-31 | 7.35% |
| 2020-12-31 | 8.02% |
| 2020-09-30 | 8.66% |
| 2020-06-30 | 7.45% |
| 2020-03-31 | 12.18% |
| 2019-12-31 | 11.03% |
| 2019-09-30 | 21.05% |
| 2018-06-30 | 17.95% |
| 2018-03-31 | 37.46% |
| 2017-12-31 | 42.25% |
| 2017-09-30 | 36.93% |
| 2017-06-30 | 25.09% |
| 2017-03-31 | 19.49% |
| 2016-12-31 | 8.58% |
| 2016-09-30 | 11.19% |
| 2016-06-30 | 16.22% |
| 2016-03-31 | 18.42% |
| 2015-12-31 | 95.13% |
| 2015-09-30 | 146.44% |
| 2015-03-31 | 921.81% |
| 2014-06-30 | 62.21% |
| 2013-09-30 | 42.72% |
| 2022 |
| ($114.60M) |
| $11.20M |
| N/A (Loss) |
| 2021 | ($12.70M) | $10.20M | N/A (Loss) |
| 2020 | $126.10M | $10.00M | 7.9% |
| 2019 | $89.07M | $9.92M | 11.1% |
| 2018 | ($57.23M) | $9.63M | N/A (Loss) |
| 2017 | $21.84M | $9.23M | 42.3% |
| 2016 | $107.44M | $9.22M | 8.6% |
| 2015 | $9.66M | $9.19M | 95.1% |
| 2014 | ($5.99M) | $9.17M | N/A (Loss) |
| 2013 | ($21.81M) | $6.86M | N/A (Loss) |
| 2012 | $2.62M | $22.79M | 871.5% |
| 2011 | ($3.82M) | $0 | N/A (Loss) |
| 2010 | $50.70M | $0 | 0.0% |
| 2009 | $31.74M | $0 | 0.0% |
| 2008 | ($29.89M) | $0 | N/A (Loss) |
| 2007 | $7.29M | $0 | 0.0% |
| 2006 | $8.15M | $0 | 0.0% |
| 2005 | $20.48M | $0 | 0.0% |
| 2004 | $9.72M | $0 | 0.0% |
| 2003 | $4.59M | $0 | 0.0% |
| 2002 | ($1.14M) | $0 | N/A (Loss) |
| 2001 | ($34.61M) | $0 | N/A (Loss) |
| 2000 | ($52.13M) | $0 | N/A (Loss) |
| 1999 | ($26.00M) | $0 | N/A (Loss) |
| 1998 | $10.00M | $0 | 0.0% |
| 1997 | $9.40M | $0 | 0.0% |
| 1996 | ($9.60M) | $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.
