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 58.25% is 250% above its 5-year average of 16.66%, around the middle of its 5-year range (7.83%–85.38%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.22% below its 12-month average of 70.37%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 58.25%.
FCF PAYOUT RATIO
58.25%
FCF PAYOUT RATIO AVG TTM
70.37%
FCF PAYOUT RATIO AVG 3Y
34.60%
FCF PAYOUT RATIO AVG 5Y
16.66%
FCF PAYOUT RATIO AVG 10Y
16.92%
FCF PAYOUT RATIO AVG 15Y
16.58%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-17.22%
CURRENT VS 3Y AVG
+68.35%
CURRENT VS 5Y AVG
+249.67%
CURRENT VS 10Y AVG
+244.24%
CURRENT VS 15Y AVG
+251.33%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
58.3%
Earnings Payout Ratio
N/A
Dividend Yield
3.35%
FCF Yield
1.06%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $13.90M | $22.80M | 164.0% |
| 2024 | $136.00M | $30.20M | 22.2% |
| 2023 | $243.20M | $29.40M | 12.1% |
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 | 58.25% |
| 2026-03-31 | 85.38% |
| 2025-12-31 | 75.98% |
| 2025-06-30 | 61.87% |
| 2025-03-31 | 17.53% |
| 2024-12-31 | 22.21% |
| 2024-09-30 | 19.08% |
| 2024-06-30 | 17.67% |
| 2024-03-31 | 16.18% |
| 2023-12-31 | 12.09% |
| 2023-09-30 | 14.31% |
| 2023-06-30 | 14.70% |
| 2023-03-31 | 19.95% |
| 2022-12-31 | 20.52% |
| 2022-09-30 | 23.97% |
| 2022-06-30 | 23.71% |
| 2022-03-31 | 14.55% |
| 2021-12-31 | 12.71% |
| 2021-09-30 | 9.55% |
| 2021-06-30 | 7.83% |
| 2021-03-31 | 8.06% |
| 2020-12-31 | 10.47% |
| 2020-09-30 | 14.63% |
| 2020-06-30 | 17.62% |
| 2020-03-31 | 17.62% |
| 2019-12-31 | 17.81% |
| 2019-09-30 | 17.38% |
| 2019-06-30 | 20.27% |
| 2019-03-31 | 15.81% |
| 2018-12-31 | 13.18% |
| 2018-09-30 | 14.78% |
| 2018-06-30 | 14.04% |
| 2018-03-31 | 20.26% |
| 2017-12-31 | 22.94% |
| 2017-09-30 | 25.73% |
| 2017-06-30 | 25.32% |
| 2017-03-31 | 18.79% |
| 2016-12-31 | 27.53% |
| 2016-09-30 | 12.75% |
| 2016-06-30 | 7.66% |
| 2016-03-31 | 4.28% |
| 2009-09-30 | 0.01% |
| 2009-06-30 | 0.01% |
| 2009-03-31 | 0.03% |
| 2008-12-31 | 0.03% |
| 2022 |
| $145.20M |
| $29.80M |
| 20.5% |
| 2021 | $190.40M | $24.20M | 12.7% |
| 2020 | $235.00M | $24.60M | 10.5% |
| 2019 | $140.40M | $25.00M | 17.8% |
| 2018 | $190.50M | $25.10M | 13.2% |
| 2017 | $110.70M | $25.40M | 22.9% |
| 2016 | $93.70M | $25.80M | 27.5% |
| 2015 | $195.00M | $0 | 0.0% |
| 2014 | $80.50M | $0 | 0.0% |
| 2013 | $94.70M | $0 | 0.0% |
| 2012 | $60.30M | $0 | 0.0% |
| 2011 | $33.30M | $0 | 0.0% |
| 2010 | $124.20M | $0.10M | 0.1% |
| 2009 | $133.50M | $0 | 0.0% |
| 2008 | $59.50M | $23.40M | 39.3% |
| 2007 | $12.13M | $0 | 0.0% |
| 2006 | $30.07M | $0 | 0.0% |
| 2005 | $38.98M | $0 | 0.0% |
| 2004 | ($8.15M) | $0 | N/A (Loss) |
| 2003 | ($11.58M) | $0 | N/A (Loss) |
| 2002 | ($27.31M) | $0 | N/A (Loss) |
| 2001 | ($29.07M) | $0 | N/A (Loss) |
| 2000 | ($5.78M) | $0 | N/A (Loss) |
| 1999 | $1.20M | $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.
