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 15.31% is in line with its 3-year average of 16.31%, near the low end of its 3-year range (3.76%–49.19%).
As of the fiscal period ended Tuesday, March 31, 2026. 29.59% above its 12-month average of 11.81%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
15.31%
FCF PAYOUT RATIO AVG TTM
11.81%
FCF PAYOUT RATIO AVG 3Y
15.01%
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
+29.59%
CURRENT VS 3Y AVG
+1.97%
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
15.3%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
3.91%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $323.38M | $37.61M | 11.6% |
| 2024 | $239.51M | $27.50M | 11.5% |
| 2023 | $123.78M | $27.46M | 22.2% |
| 2022 | $99.92M | $11.53M | 11.5% |
| 2021 | ($99.74M) | $0 | N/A (Loss) |
| 2020 | $2.82M | $0 | 0.0% |
| 2019 | $0.96M | $0 | 0.0% |
| 2018 | ($11.76M) | $0 | N/A (Loss) |
| 2017 | ($8.47M) | $0 | N/A (Loss) |
| 2016 | ($2.39M) | $0 | N/A (Loss) |
| 2015 | ($0.77M) | $0 | N/A (Loss) |
| 2014 | ($2.93M) | $0 | N/A (Loss) |
| 2013 | ($2.16M) | $0 | N/A (Loss) |
| 2012 | ($2.89M) | $0 | N/A (Loss) |
| 2010 | ($14.29M) | $0 | N/A (Loss) |
| 2009 | ($9.70M) | $0 | N/A (Loss) |
| 2008 | ($4.99M) | $0 | N/A (Loss) |
| 2007 | ($2.64M) | $0 | N/A (Loss) |
| 2006 | ($1.23M) | $0 | N/A (Loss) |
| 2005 | ($0.01M) | $0 | N/A (Loss) |
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 |
|---|---|
| 2026-03-31 | 15.31% |
| 2025-12-31 | 11.63% |
| 2025-09-30 | 5.77% |
| 2025-06-30 | 13.02% |
| 2025-03-31 | 13.33% |
| 2024-12-31 | 11.48% |
| 2024-09-30 | 16.23% |
| 2024-06-30 | 11.18% |
| 2024-03-31 | 10.19% |
| 2023-12-31 | 22.19% |
| 2023-09-30 | 49.19% |
| 2023-06-30 | 25.55% |
| 2023-03-31 | 24.26% |
| 2022-12-31 | 11.54% |
| 2022-09-30 | 3.76% |
