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 3.88% is 90% below its 5-year average of 38.32%, near the low end of its 5-year range (1.81%–145.38%).
As of the fiscal period ended Tuesday, June 30, 2020. 60.52% above its 12-month average of 2.42%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
3.88%
FCF PAYOUT RATIO AVG TTM
2.42%
FCF PAYOUT RATIO AVG 3Y
3.53%
FCF PAYOUT RATIO AVG 5Y
38.32%
FCF PAYOUT RATIO AVG 10Y
14.62%
FCF PAYOUT RATIO AVG 15Y
62.21%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+60.52%
CURRENT VS 3Y AVG
+9.96%
CURRENT VS 5Y AVG
-89.86%
CURRENT VS 10Y AVG
-73.43%
CURRENT VS 15Y AVG
-93.75%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
3.9%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
6.08%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $256.36M | $0 | 0.0% |
| 2024 | $240.15M | $0 | 0.0% |
| 2023 | $165.12M | $0 | 0.0% |
| 2022 | $117.92M | $0 | 0.0% |
| 2021 | $163.76M | $0 | 0.0% |
| 2020 | $124.83M | $0 | 0.0% |
| 2019 | $225.59M | $0 | 0.0% |
| 2018 | $203.31M | $0 | 0.0% |
| 2017 | $152.44M | $0 | 0.0% |
| 2016 | $137.42M | $0 | 0.0% |
| 2015 | $93.34M | $0 | 0.0% |
| 2014 | $108.49M | $0 | 0.0% |
| 2013 | $90.36M | $0 | 0.0% |
| 2012 | $37.90M | $0 | 0.0% |
| 2011 | $91.05M | $0 | 0.0% |
| 2010 | $30.60M | $0 | 0.0% |
| 2007 | $35.79M | $0 | 0.0% |
| 2006 | $21.95M | $0 | 0.0% |
| 2005 | $34.52M | $0 | 0.0% |
| 2004 | $24.30M | $0 | 0.0% |
| 2003 | $11.70M | $0 | 0.0% |
| 2002 | $29.05M | $0 | 0.0% |
| 2001 | $10.08M | $0 | 0.0% |
| 2000 | ($2.72M) | $0 | N/A (Loss) |
| 1999 | ($2.83M) | $0 | N/A (Loss) |
| 1998 | ($4.14M) | $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.
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 |
|---|---|
| 2020-06-30 | 3.88% |
| 2020-03-31 | 2.16% |
| 2019-12-31 | 1.83% |
| 2019-09-30 | 1.81% |
| 2017-12-31 | 7.98% |
| 2016-09-30 | 47.88% |
| 2016-06-30 | 43.52% |
| 2016-03-31 | 20.56% |
| 2015-12-31 | 11.03% |
| 2015-09-30 | 135.43% |
| 2015-06-30 | 145.38% |
| 2015-03-31 | 154.55% |
| 2014-12-31 | 140.90% |
| 2013-09-30 | 8.66% |
| 2013-06-30 | 15.16% |
| 2013-03-31 | 12.02% |
| 2012-12-31 | 13.56% |
| 2007-09-30 | 52.12% |
| 2007-06-30 | 159.07% |
| 2007-03-31 | 141.39% |
| 2006-12-31 | 159.46% |
| 2006-09-30 | 90.16% |
