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 40.65% is 27% below its 5-year average of 55.69%, near the low end of its 5-year range (32.12%–134.41%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.60% above its 12-month average of 38.50%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 40.65%.
FCF PAYOUT RATIO
40.65%
FCF PAYOUT RATIO AVG TTM
38.50%
FCF PAYOUT RATIO AVG 3Y
44.44%
FCF PAYOUT RATIO AVG 5Y
55.69%
FCF PAYOUT RATIO AVG 10Y
69.91%
FCF PAYOUT RATIO AVG 15Y
50.80%
FCF PAYOUT RATIO AVG 20Y
47.77%
CURRENT VS TTM AVG
+5.60%
CURRENT VS 3Y AVG
-8.52%
CURRENT VS 5Y AVG
-26.99%
CURRENT VS 10Y AVG
-41.84%
CURRENT VS 15Y AVG
-19.98%
CURRENT VS 20Y AVG
-14.90%
FCF Payout Ratio TTM
40.7%
Earnings Payout Ratio
10.9%
Dividend Yield
4.02%
FCF Yield
9.40%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $43.91M | $15.67M | 35.7% |
| 2024 | $16.97M | $14.67M | 86.5% |
| 2023 | ($51.66M) | $13.18M | 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 | 40.65% |
| 2026-03-31 | 43.19% |
| 2025-12-31 | 35.69% |
| 2025-09-30 | 35.49% |
| 2025-06-30 | 37.47% |
| 2025-03-31 | 32.12% |
| 2024-12-31 | 86.48% |
| 2021-06-30 | 134.41% |
| 2020-12-31 | 99.36% |
| 2020-09-30 | 130.37% |
| 2020-06-30 | 53.19% |
| 2020-03-31 | 69.88% |
| 2019-12-31 | 71.68% |
| 2016-09-30 | 202.25% |
| 2016-06-30 | 108.70% |
| 2016-03-31 | 30.28% |
| 2015-12-31 | 25.60% |
| 2015-09-30 | 22.77% |
| 2015-06-30 | 20.24% |
| 2015-03-31 | 28.26% |
| 2014-12-31 | 73.85% |
| 2013-09-30 | 29.83% |
| 2013-06-30 | 33.27% |
| 2013-03-31 | 13.32% |
| 2012-12-31 | 16.80% |
| 2012-09-30 | 17.17% |
| 2012-06-30 | 20.84% |
| 2012-03-31 | 58.65% |
| 2011-12-31 | 52.94% |
| 2010-09-30 | 133.88% |
| 2010-06-30 | 64.02% |
| 2010-03-31 | 93.60% |
| 2009-12-31 | 59.00% |
| 2009-09-30 | 35.53% |
| 2009-06-30 | 34.64% |
| 2009-03-31 | 57.72% |
| 2008-12-31 | 47.92% |
| 2008-09-30 | 82.66% |
| 2008-06-30 | 130.40% |
| 2008-03-31 | 40.79% |
| 2007-12-31 | 43.66% |
| 2007-09-30 | 63.78% |
| 2007-06-30 | 38.28% |
| 2007-03-31 | 44.40% |
| 2006-12-31 | 42.03% |
| 2006-09-30 | 40.00% |
| 2006-06-30 | 60.76% |
| 2006-03-31 | 103.04% |
| 2005-12-31 | 168.14% |
| 2005-06-30 | 133.82% |
| 2005-03-31 | 49.77% |
| 2004-12-31 | 51.38% |
| 2004-09-30 | 50.12% |
| 2004-06-30 | 86.92% |
| 2004-03-31 | 154.94% |
| 2003-12-31 | 102.66% |
| 2003-09-30 | 67.54% |
| 2003-06-30 | 63.05% |
| 2022 |
| ($58.27M) |
| $10.71M |
| N/A (Loss) |
| 2021 | ($25.59M) | $10.81M | N/A (Loss) |
| 2020 | $5.53M | $10.89M | 196.9% |
| 2019 | $15.18M | $10.88M | 71.7% |
| 2018 | ($70.06M) | $10.87M | N/A (Loss) |
| 2017 | ($33.48M) | $19.23M | N/A (Loss) |
| 2016 | ($23.49M) | $20.96M | N/A (Loss) |
| 2015 | $74.48M | $19.07M | 25.6% |
| 2014 | $23.68M | $17.49M | 73.9% |
| 2013 | ($181.32M) | $12.10M | N/A (Loss) |
| 2012 | $110.05M | $18.49M | 16.8% |
| 2011 | $31.20M | $13.70M | 43.9% |
| 2010 | ($32.89M) | $14.44M | N/A (Loss) |
| 2009 | $32.51M | $19.40M | 59.7% |
| 2008 | $20.93M | $10.03M | 47.9% |
| 2007 | $20.25M | $8.84M | 43.7% |
| 2006 | $15.78M | $6.63M | 42.0% |
| 2005 | $4.68M | $9.37M | 200.2% |
| 2004 | $16.29M | $8.37M | 51.4% |
| 2003 | $10.36M | $6.64M | 64.1% |
| 2002 | $13.69M | $4.16M | 30.4% |
| 2001 | $7.04M | $3.99M | 56.7% |
| 2000 | $9.52M | $4.99M | 52.5% |
| 1999 | $7.20M | $2.80M | 38.9% |
| 1998 | $30.70M | $0.70M | 2.3% |
| 1997 | $17.60M | $0 | 0.0% |
| 1996 | ($2.00M) | $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.
