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 39.21% is 22% below its 5-year average of 50.35%, near the low end of its 5-year range (33.76%–111.86%).
As of the fiscal period ended Tuesday, June 30, 2026. 20.28% below its 12-month average of 49.18%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 39.21%.
FCF PAYOUT RATIO
39.21%
FCF PAYOUT RATIO AVG TTM
49.18%
FCF PAYOUT RATIO AVG 3Y
54.81%
FCF PAYOUT RATIO AVG 5Y
50.35%
FCF PAYOUT RATIO AVG 10Y
41.51%
FCF PAYOUT RATIO AVG 15Y
34.15%
FCF PAYOUT RATIO AVG 20Y
31.94%
CURRENT VS TTM AVG
-20.28%
CURRENT VS 3Y AVG
-28.47%
CURRENT VS 5Y AVG
-22.13%
CURRENT VS 10Y AVG
-5.54%
CURRENT VS 15Y AVG
+14.82%
CURRENT VS 20Y AVG
+22.74%
FCF Payout Ratio TTM
39.2%
Earnings Payout Ratio
46.0%
Dividend Yield
2.36%
FCF Yield
6.01%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $31.77M | $16.51M | 52.0% |
| 2024 | $29.62M | $16.46M | 55.6% |
| 2023 | $22.61M | $15.96M | 70.6% |
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 | 39.21% |
| 2026-03-31 | 64.72% |
| 2025-12-31 | 51.96% |
| 2025-09-30 | 37.00% |
| 2025-06-30 | 53.02% |
| 2025-03-31 | 39.59% |
| 2024-12-31 | 56.48% |
| 2024-09-30 | 111.86% |
| 2024-06-30 | 61.69% |
| 2024-03-31 | 74.36% |
| 2023-12-31 | 70.58% |
| 2023-09-30 | 54.25% |
| 2023-06-30 | 54.89% |
| 2023-03-31 | 38.62% |
| 2022-12-31 | 33.76% |
| 2022-09-30 | 39.63% |
| 2022-06-30 | 40.39% |
| 2022-03-31 | 56.81% |
| 2021-12-31 | 51.18% |
| 2021-09-30 | 43.69% |
| 2021-06-30 | 45.23% |
| 2021-03-31 | 35.58% |
| 2020-12-31 | 34.07% |
| 2020-09-30 | 39.19% |
| 2020-06-30 | 34.06% |
| 2020-03-31 | 37.10% |
| 2019-12-31 | 38.66% |
| 2019-09-30 | 32.24% |
| 2019-06-30 | 31.15% |
| 2019-03-31 | 32.61% |
| 2018-12-31 | 29.99% |
| 2018-09-30 | 27.66% |
| 2018-06-30 | 31.09% |
| 2018-03-31 | 23.61% |
| 2017-12-31 | 30.71% |
| 2017-09-30 | 30.65% |
| 2017-06-30 | 29.16% |
| 2017-03-31 | 34.53% |
| 2016-12-31 | 32.71% |
| 2016-09-30 | 34.95% |
| 2016-06-30 | 33.63% |
| 2016-03-31 | 38.24% |
| 2015-12-31 | 34.95% |
| 2015-09-30 | 36.63% |
| 2015-06-30 | 35.94% |
| 2015-03-31 | 32.61% |
| 2014-12-31 | 32.70% |
| 2014-09-30 | 31.46% |
| 2014-06-30 | 32.80% |
| 2014-03-31 | 29.95% |
| 2013-12-31 | 35.42% |
| 2013-09-30 | 30.72% |
| 2013-06-30 | 27.88% |
| 2013-03-31 | 30.31% |
| 2012-12-31 | 22.84% |
| 2012-09-30 | 26.89% |
| 2012-06-30 | 25.99% |
| 2012-03-31 | 26.06% |
| 2011-12-31 | 26.47% |
| 2011-09-30 | 26.12% |
| 2011-06-30 | 25.16% |
| 2011-03-31 | 22.71% |
| 2010-12-31 | 24.12% |
| 2010-09-30 | 23.00% |
| 2010-06-30 | 26.92% |
| 2010-03-31 | 26.94% |
| 2009-12-31 | 27.36% |
| 2009-09-30 | 23.46% |
| 2009-06-30 | 24.03% |
| 2009-03-31 | 20.02% |
| 2008-12-31 | 21.72% |
| 2008-09-30 | 20.01% |
| 2008-06-30 | 19.42% |
| 2008-03-31 | 22.58% |
| 2007-12-31 | 19.12% |
| 2007-09-30 | 22.42% |
| 2007-06-30 | 21.52% |
| 2007-03-31 | 27.19% |
| 2006-12-31 | 29.23% |
| 2006-09-30 | 30.07% |
| 2006-06-30 | 27.15% |
| 2006-03-31 | 27.94% |
| 2005-12-31 | 32.46% |
| 2005-09-30 | 28.03% |
| 2005-06-30 | 32.06% |
| 2005-03-31 | 33.81% |
| 2004-12-31 | 35.90% |
| 2004-09-30 | 35.64% |
| 2004-06-30 | 39.73% |
| 2004-03-31 | 28.37% |
| 2003-12-31 | 27.45% |
| 2003-09-30 | 30.23% |
| 2003-06-30 | 30.86% |
| 2022 |
| $45.74M |
| $15.44M |
| 33.8% |
| 2021 | $30.18M | $15.45M | 51.2% |
| 2020 | $45.78M | $15.60M | 34.1% |
| 2019 | $39.40M | $15.23M | 38.7% |
| 2018 | $43.94M | $13.18M | 30.0% |
| 2017 | $34.76M | $10.68M | 30.7% |
| 2016 | $30.50M | $9.98M | 32.7% |
| 2015 | $27.75M | $9.70M | 34.9% |
| 2014 | $28.55M | $9.34M | 32.7% |
| 2013 | $24.03M | $8.51M | 35.4% |
| 2012 | $32.23M | $7.36M | 22.8% |
| 2011 | $23.72M | $6.28M | 26.5% |
| 2010 | $22.59M | $5.45M | 24.1% |
| 2009 | $18.00M | $4.92M | 27.4% |
| 2008 | $20.79M | $4.50M | 21.6% |
| 2007 | $21.54M | $4.12M | 19.1% |
| 2006 | $12.54M | $3.67M | 29.2% |
| 2005 | $9.87M | $3.20M | 32.5% |
| 2004 | $8.44M | $3.03M | 35.9% |
| 2003 | $10.25M | $2.81M | 27.5% |
| 2002 | $6.76M | $2.63M | 38.9% |
| 2001 | $2.75M | $2.58M | 93.7% |
| 2000 | $5.27M | $2.78M | 52.8% |
| 1999 | $8.50M | $2.90M | 34.1% |
| 1998 | $7.30M | $2.80M | 38.4% |
| 1997 | $4.40M | $2.50M | 56.8% |
| 1996 | $7.90M | $2.30M | 29.1% |
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.
