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 101.97% is in line with its 5-year average of 97.97%, around the middle of its 5-year range (53.10%–178.68%).
As of the fiscal period ended Saturday, May 2, 2026. 2.66% above its 12-month average of 99.33%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
101.97%
FCF PAYOUT RATIO AVG TTM
99.33%
FCF PAYOUT RATIO AVG 3Y
96.95%
FCF PAYOUT RATIO AVG 5Y
97.97%
FCF PAYOUT RATIO AVG 10Y
90.07%
FCF PAYOUT RATIO AVG 15Y
98.19%
FCF PAYOUT RATIO AVG 20Y
97.48%
CURRENT VS TTM AVG
+2.66%
CURRENT VS 3Y AVG
+5.18%
CURRENT VS 5Y AVG
+4.09%
CURRENT VS 10Y AVG
+13.22%
CURRENT VS 15Y AVG
+3.86%
CURRENT VS 20Y AVG
+4.61%
FCF Payout Ratio TTM
102.0%
Earnings Payout Ratio
25.2%
Dividend Yield
2.29%
FCF Yield
9.43%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $205.78M | $225.09M | 109.4% |
| 2025 | $199.74M | $198.02M | 99.1% |
| 2024 | $217.37M | $196.74M | 90.5% |
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 |
|---|---|
| 2026-05-02 | 101.97% |
| 2026-01-31 | 109.38% |
| 2025-11-01 | 92.15% |
| 2025-08-02 | 94.19% |
| 2025-05-03 | 98.95% |
| 2025-02-01 | 99.14% |
| 2024-11-02 | 104.40% |
| 2024-08-03 | 94.29% |
| 2024-05-04 | 92.67% |
| 2024-02-03 | 90.52% |
| 2023-10-28 | 93.81% |
| 2023-07-29 | 91.88% |
| 2023-04-29 | 91.60% |
| 2023-01-31 | 95.69% |
| 2022-10-29 | 178.68% |
| 2022-07-30 | 159.11% |
| 2022-04-30 | 159.94% |
| 2022-01-31 | 118.84% |
| 2021-10-30 | 53.10% |
| 2021-07-31 | 53.55% |
| 2021-05-01 | 42.74% |
| 2021-01-31 | 58.45% |
| 2020-10-31 | 48.92% |
| 2020-08-01 | 64.06% |
| 2020-05-02 | 151.97% |
| 2020-01-31 | 91.50% |
| 2019-11-02 | 83.46% |
| 2019-08-03 | 92.90% |
| 2019-05-04 | 89.17% |
| 2019-01-31 | 99.03% |
| 2018-11-03 | 134.74% |
| 2018-08-04 | 122.73% |
| 2018-05-05 | 136.97% |
| 2018-01-31 | 125.99% |
| 2017-10-28 | 66.70% |
| 2017-07-29 | 76.08% |
| 2017-04-29 | 61.95% |
| 2017-01-31 | 72.40% |
| 2016-10-29 | 69.39% |
| 2016-07-30 | 67.24% |
| 2016-04-30 | 79.76% |
| 2016-01-31 | 75.17% |
| 2015-10-31 | 151.41% |
| 2015-08-01 | 129.55% |
| 2015-05-02 | 125.64% |
| 2015-01-31 | 117.49% |
| 2014-11-01 | 63.98% |
| 2014-08-02 | 61.61% |
| 2014-05-03 | 63.31% |
| 2014-01-31 | 66.90% |
| 2013-11-02 | 151.19% |
| 2013-08-03 | 137.01% |
| 2013-05-04 | 148.40% |
| 2013-01-31 | 133.56% |
| 2012-10-27 | 20.73% |
| 2012-07-28 | 82.65% |
| 2012-04-28 | 83.49% |
| 2012-01-31 | 83.73% |
| 2011-10-29 | 183.22% |
| 2011-07-30 | 102.13% |
| 2011-04-30 | 109.97% |
| 2011-01-31 | 123.44% |
| 2010-10-30 | 34.37% |
| 2010-07-31 | 141.13% |
| 2010-05-01 | 120.87% |
| 2010-01-31 | 112.05% |
| 2009-10-31 | 107.57% |
| 2009-08-01 | 160.60% |
| 2009-05-02 | 114.21% |
| 2009-01-31 | 131.56% |
| 2008-11-01 | 149.62% |
| 2008-08-02 | 26.98% |
| 2008-05-03 | 30.62% |
| 2008-01-31 | 28.85% |
| 2007-11-03 | 96.47% |
| 2007-08-04 | 116.01% |
| 2007-05-05 | 128.24% |
| 2007-01-31 | 127.92% |
| 2006-10-28 | 23.39% |
| 2006-07-29 | 23.00% |
| 2006-04-29 | 22.92% |
| 2006-01-31 | 23.38% |
| 2005-10-29 | 26.70% |
| 2005-07-30 | 21.19% |
| 2005-04-30 | 15.91% |
| 2005-01-31 | 16.98% |
| 2004-10-30 | 19.13% |
| 2004-07-31 | 15.79% |
| 2004-05-01 | 12.27% |
| 2004-01-31 | 5.70% |
| 2023 |
| $212.02M |
| $202.88M |
| 95.7% |
| 2022 | $292.65M | $347.80M | 118.8% |
| 2021 | $219.76M | $128.46M | 58.5% |
| 2020 | $123.34M | $112.85M | 91.5% |
| 2019 | $98.71M | $97.74M | 99.0% |
| 2018 | $106.26M | $133.87M | 126.0% |
| 2017 | $117.20M | $84.85M | 72.4% |
| 2016 | $124.74M | $93.77M | 75.2% |
| 2015 | $150.31M | $176.60M | 117.5% |
| 2014 | $145.22M | $97.14M | 66.9% |
| 2013 | $190.64M | $254.63M | 133.6% |
| 2012 | $172.65M | $144.56M | 83.7% |
| 2011 | $124.99M | $154.29M | 123.4% |
| 2010 | $107.40M | $120.34M | 112.1% |
| 2009 | $96.28M | $126.67M | 131.6% |
| 2008 | $93.60M | $27.00M | 28.8% |
| 2007 | $58.53M | $74.87M | 127.9% |
| 2006 | $50.51M | $11.81M | 23.4% |
| 2005 | $55.94M | $9.50M | 17.0% |
| 2004 | $37.63M | $4.28M | 11.4% |
| 2003 | $17.20M | $0 | 0.0% |
| 2002 | $32.70M | $0 | 0.0% |
| 2001 | $32.51M | $0 | 0.0% |
| 2000 | $15.97M | $0 | 0.0% |
| 1999 | $21.40M | $0 | 0.0% |
| 1998 | $20.40M | $0 | 0.0% |
| 1997 | $14.00M | $0 | 0.0% |
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.
