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 17.97% is in line with its 5-year average of 18.42%, around the middle of its 5-year range (14.58%–24.23%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.36% above its 12-month average of 17.56%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 17.97%.
FCF PAYOUT RATIO
17.97%
FCF PAYOUT RATIO AVG TTM
17.56%
FCF PAYOUT RATIO AVG 3Y
17.70%
FCF PAYOUT RATIO AVG 5Y
18.42%
FCF PAYOUT RATIO AVG 10Y
15.93%
FCF PAYOUT RATIO AVG 15Y
15.51%
FCF PAYOUT RATIO AVG 20Y
15.15%
CURRENT VS TTM AVG
+2.36%
CURRENT VS 3Y AVG
+1.53%
CURRENT VS 5Y AVG
-2.45%
CURRENT VS 10Y AVG
+12.81%
CURRENT VS 15Y AVG
+15.88%
CURRENT VS 20Y AVG
+18.61%
FCF Payout Ratio TTM
18.0%
Earnings Payout Ratio
18.9%
Dividend Yield
0.58%
FCF Yield
3.21%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $173.07M | $28.29M | 16.3% |
| 2024 | $146.34M | $25.58M | 17.5% |
| 2023 | $145.87M | $22.87M | 15.7% |
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 | 17.97% |
| 2026-03-31 | 17.50% |
| 2025-12-31 | 16.34% |
| 2025-09-30 | 17.50% |
| 2025-06-30 | 18.47% |
| 2025-03-31 | 18.76% |
| 2024-12-31 | 17.48% |
| 2024-09-30 | 15.73% |
| 2024-06-30 | 16.12% |
| 2024-03-31 | 17.36% |
| 2023-12-31 | 15.68% |
| 2023-09-30 | 19.52% |
| 2023-06-30 | 21.65% |
| 2023-03-31 | 19.62% |
| 2022-12-31 | 23.47% |
| 2022-09-30 | 22.90% |
| 2022-06-30 | 21.84% |
| 2022-03-31 | 24.23% |
| 2021-12-31 | 15.21% |
| 2021-09-30 | 14.58% |
| 2021-06-30 | 14.92% |
| 2021-03-31 | 13.98% |
| 2020-12-31 | 14.32% |
| 2020-09-30 | 15.44% |
| 2020-06-30 | 14.42% |
| 2020-03-31 | 16.83% |
| 2019-12-31 | 15.76% |
| 2019-09-30 | 14.65% |
| 2019-06-30 | 16.04% |
| 2019-03-31 | 16.58% |
| 2018-12-31 | 13.57% |
| 2018-09-30 | 15.50% |
| 2018-06-30 | 15.50% |
| 2018-03-31 | 15.90% |
| 2017-12-31 | 14.63% |
| 2017-09-30 | 14.25% |
| 2017-06-30 | 15.58% |
| 2017-03-31 | 14.24% |
| 2016-12-31 | 12.84% |
| 2016-09-30 | 14.96% |
| 2016-06-30 | 15.73% |
| 2016-03-31 | 17.82% |
| 2015-12-31 | 15.04% |
| 2015-09-30 | 11.74% |
| 2015-06-30 | 11.30% |
| 2015-03-31 | 11.18% |
| 2014-12-31 | 10.91% |
| 2014-09-30 | 13.67% |
| 2014-06-30 | 14.84% |
| 2014-03-31 | 14.17% |
| 2013-09-30 | 18.00% |
| 2013-06-30 | 21.44% |
| 2013-03-31 | 21.96% |
| 2012-12-31 | 29.42% |
| 2012-09-30 | 11.41% |
| 2012-06-30 | 10.00% |
| 2012-03-31 | 12.58% |
| 2011-12-31 | 11.27% |
| 2011-09-30 | 11.54% |
| 2011-06-30 | 12.57% |
| 2011-03-31 | 13.61% |
| 2010-12-31 | 9.82% |
| 2010-09-30 | 10.00% |
| 2010-06-30 | 10.28% |
| 2010-03-31 | 9.04% |
| 2009-12-31 | 4.52% |
| 2009-09-30 | 4.83% |
| 2009-06-30 | 5.35% |
| 2009-03-31 | 6.79% |
| 2008-12-31 | 11.20% |
| 2005-09-30 | 263.46% |
| 2005-06-30 | 5.46% |
| 2005-03-31 | 6.08% |
| 2004-12-31 | 3.56% |
| 2004-09-30 | 3.07% |
| 2004-06-30 | 3.49% |
| 2004-03-31 | 3.54% |
| 2003-12-31 | 4.30% |
| 2003-09-30 | 13.14% |
| 2003-06-30 | 30.08% |
| 2022 |
| $88.25M |
| $20.71M |
| 23.5% |
| 2021 | $123.06M | $18.72M | 15.2% |
| 2020 | $116.67M | $16.70M | 14.3% |
| 2019 | $96.05M | $15.13M | 15.8% |
| 2018 | $98.97M | $13.43M | 13.6% |
| 2017 | $82.52M | $12.07M | 14.6% |
| 2016 | $83.62M | $10.72M | 12.8% |
| 2015 | $61.52M | $9.25M | 15.0% |
| 2014 | $71.98M | $7.86M | 10.9% |
| 2013 | $47.27M | $0 | 0.0% |
| 2012 | $39.78M | $11.70M | 29.4% |
| 2011 | $38.27M | $4.31M | 11.3% |
| 2010 | $31.47M | $3.09M | 9.8% |
| 2009 | $44.43M | $2.01M | 4.5% |
| 2008 | $17.64M | $1.98M | 11.2% |
| 2007 | $10.60M | $1.60M | 15.1% |
| 2006 | $14.01M | $1.04M | 7.5% |
| 2005 | $11.93M | $0.69M | 5.7% |
| 2004 | $10.93M | $0.39M | 3.6% |
| 2003 | $8.88M | $0.38M | 4.3% |
| 2002 | $0.09M | $0.30M | 324.5% |
| 2001 | $1.27M | $0.28M | 21.8% |
| 2000 | $5.07M | $0.24M | 4.8% |
| 1999 | $4.10M | $0.20M | 4.9% |
| 1998 | $2.30M | $0.20M | 8.7% |
| 1997 | $1.90M | $0.10M | 5.3% |
| 1996 | $2.60M | $0.10M | 3.8% |
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.
