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 69.81% is 101% above its 4-year average of 34.79%, near the high end of its 4-year range (11.37%–69.81%).
As of the fiscal period ended Saturday, May 30, 2026. 56.22% above its 12-month average of 44.69%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
69.81%
FCF PAYOUT RATIO AVG TTM
44.69%
FCF PAYOUT RATIO AVG 3Y
39.87%
FCF PAYOUT RATIO AVG 5Y
34.79%
FCF PAYOUT RATIO AVG 10Y
32.44%
FCF PAYOUT RATIO AVG 15Y
39.82%
FCF PAYOUT RATIO AVG 20Y
30.61%
CURRENT VS TTM AVG
+56.22%
CURRENT VS 3Y AVG
+75.09%
CURRENT VS 5Y AVG
+100.65%
CURRENT VS 10Y AVG
+115.17%
CURRENT VS 15Y AVG
+75.30%
CURRENT VS 20Y AVG
+128.08%
FCF Payout Ratio TTM
69.8%
Earnings Payout Ratio
72.4%
Dividend Yield
5.53%
FCF Yield
8.10%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $331.79M | $231.62M | 69.8% |
| 2025 | $1.07B | $330.29M | 30.9% |
| 2024 | $304.28M | $91.86M | 30.2% |
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 |
|---|---|
| 2026-05-30 | 69.81% |
| 2026-02-28 | 53.16% |
| 2025-11-29 | 36.08% |
| 2025-08-30 | 33.40% |
| 2025-05-31 | 30.98% |
| 2025-03-01 | 24.41% |
| 2024-11-30 | 30.23% |
| 2024-08-31 | 23.82% |
| 2024-05-31 | 30.19% |
| 2024-03-02 | 60.83% |
| 2023-12-02 | 47.01% |
| 2023-09-02 | 43.68% |
| 2023-05-31 | 34.73% |
| 2023-02-25 | 21.45% |
| 2022-11-26 | 22.06% |
| 2022-08-27 | 18.25% |
| 2022-05-31 | 11.37% |
| 2019-05-31 | 88.57% |
| 2019-03-02 | 26.84% |
| 2018-12-01 | 15.74% |
| 2018-09-01 | 7.74% |
| 2016-08-27 | 108.24% |
| 2016-05-31 | 39.56% |
| 2016-02-27 | 36.82% |
| 2015-11-28 | 26.03% |
| 2015-08-29 | 22.96% |
| 2015-05-31 | 43.26% |
| 2015-02-28 | 42.33% |
| 2014-11-29 | 39.44% |
| 2014-08-30 | 34.30% |
| 2014-05-31 | 37.90% |
| 2014-03-01 | 54.33% |
| 2013-11-30 | 86.83% |
| 2013-08-31 | 49.31% |
| 2013-05-31 | 97.68% |
| 2013-03-02 | 100.61% |
| 2012-12-01 | 88.22% |
| 2012-09-01 | 67.02% |
| 2012-05-31 | 28.00% |
| 2012-02-25 | 36.46% |
| 2011-11-26 | 27.31% |
| 2011-08-27 | 42.63% |
| 2011-05-31 | 59.86% |
| 2011-02-26 | 47.51% |
| 2010-11-27 | 35.65% |
| 2010-08-28 | 22.37% |
| 2010-05-31 | 19.86% |
| 2010-02-27 | 17.41% |
| 2009-11-28 | 26.45% |
| 2009-08-29 | 44.08% |
| 2009-05-31 | 41.41% |
| 2009-02-28 | 40.57% |
| 2008-11-29 | 33.28% |
| 2008-08-30 | 27.06% |
| 2008-05-31 | 15.51% |
| 2008-03-01 | 3.04% |
| 2007-12-01 | 1.27% |
| 2007-09-01 | 1.82% |
| 2007-05-31 | 3.23% |
| 2007-03-03 | 5.38% |
| 2006-12-02 | 8.16% |
| 2006-09-02 | 7.63% |
| 2006-05-31 | 13.67% |
| 2006-02-25 | 15.49% |
| 2005-02-26 | 11.72% |
| 2004-11-27 | 2.26% |
| 2004-08-28 | 1.39% |
| 2004-05-31 | 1.00% |
| 2004-02-28 | 0.60% |
| 2003-11-29 | 0.84% |
| 2003-08-30 | 1.39% |
| 2003-05-31 | 2.42% |
| 2023 |
| $726.44M |
| $252.29M |
| 34.7% |
| 2022 | $53.81M | $6.12M | 11.4% |
| 2021 | ($68.93M) | $1.65M | N/A (Loss) |
| 2020 | ($50.57M) | $0 | N/A (Loss) |
| 2019 | $47.10M | $41.71M | 88.6% |
| 2018 | $180.74M | $0 | 0.0% |
| 2017 | ($115.97M) | $0 | N/A (Loss) |
| 2016 | $305.71M | $120.94M | 39.6% |
| 2015 | $113.07M | $48.91M | 43.3% |
| 2014 | $64.73M | $24.53M | 37.9% |
| 2013 | $31.25M | $30.52M | 97.7% |
| 2012 | $71.21M | $19.94M | 28.0% |
| 2011 | $41.57M | $24.88M | 59.9% |
| 2010 | $95.88M | $19.04M | 19.9% |
| 2009 | $85.17M | $35.27M | 41.4% |
| 2008 | $126.73M | $19.65M | 15.5% |
| 2007 | $36.25M | $1.17M | 3.2% |
| 2006 | $8.56M | $1.17M | 13.7% |
| 2005 | ($2.36M) | $1.18M | N/A (Loss) |
| 2004 | $74.47M | $0.75M | 1.0% |
| 2003 | $18.18M | $0 | 0.0% |
| 2002 | ($15.29M) | $0.59M | N/A (Loss) |
| 2001 | $16.36M | $0.61M | 3.7% |
| 2000 | ($38.99M) | $0.61M | N/A (Loss) |
| 1999 | ($4.00M) | $0.60M | N/A (Loss) |
| 1998 | $6.30M | $0.30M | 4.8% |
| 1997 | $16.30M | $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.
