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 4.25% is in line with its 4-year average of 4.59%, near the low end of its 4-year range (4.21%–8.31%).
As of the fiscal period ended Thursday, April 30, 2026. 3.27% below its 12-month average of 4.40%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
4.25%
FCF PAYOUT RATIO AVG TTM
4.40%
FCF PAYOUT RATIO AVG 3Y
4.58%
FCF PAYOUT RATIO AVG 5Y
N/A
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-3.27%
CURRENT VS 3Y AVG
-7.15%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
4.3%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
7.71%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $350.38M | $15.00M | 4.3% |
| 2025 | $329.68M | $15.00M | 4.5% |
| 2024 | $316.88M | $14.94M | 4.7% |
| 2023 | $293.55M | $15.06M | 5.1% |
| 2022 | $230.12M | $9.62M | 4.2% |
| 2021 | $187.78M | $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.
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 |
|---|---|
| 2026-04-30 | 4.25% |
| 2026-01-31 | 4.28% |
| 2025-10-31 | 4.37% |
| 2025-07-31 | 4.48% |
| 2025-04-30 | 4.59% |
| 2025-01-31 | 4.55% |
| 2024-10-31 | 4.71% |
| 2024-07-31 | 4.60% |
| 2024-04-30 | 4.63% |
| 2024-01-31 | 4.72% |
| 2023-10-31 | 4.73% |
| 2023-07-31 | 4.76% |
| 2023-04-30 | 4.85% |
| 2023-01-31 | 5.13% |
| 2022-10-31 | 8.31% |
| 2022-07-31 | 7.51% |
| 2022-04-30 | 5.51% |
| 2022-01-31 | 4.21% |
| 0.0% |
| 2020 | $39.26M | $0 | 0.0% |
| 2019 | $40.51M | $0 | 0.0% |
| 2018 | $23.57M | $0 | 0.0% |
| 2017 | ($16.17M) | $0 | N/A (Loss) |
| 2016 | ($139.26M) | $0 | N/A (Loss) |
| 2015 | ($123.58M) | $0 | N/A (Loss) |
| 2014 | ($116.19M) | $0 | N/A (Loss) |
| 2013 | ($101.25M) | $0 | N/A (Loss) |
