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 7.61% is 13% below its 5-year average of 8.74%, near the low end of its 5-year range (2.05%–22.17%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.56% below its 12-month average of 8.32%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 7.61%.
FCF PAYOUT RATIO
7.61%
FCF PAYOUT RATIO AVG TTM
8.32%
FCF PAYOUT RATIO AVG 3Y
8.14%
FCF PAYOUT RATIO AVG 5Y
8.74%
FCF PAYOUT RATIO AVG 10Y
4.89%
FCF PAYOUT RATIO AVG 15Y
9.11%
FCF PAYOUT RATIO AVG 20Y
14.05%
CURRENT VS TTM AVG
-8.56%
CURRENT VS 3Y AVG
-6.46%
CURRENT VS 5Y AVG
-12.90%
CURRENT VS 10Y AVG
+55.58%
CURRENT VS 15Y AVG
-16.47%
CURRENT VS 20Y AVG
-45.81%
FCF Payout Ratio TTM
7.6%
Earnings Payout Ratio
13.9%
Dividend Yield
0.34%
FCF Yield
4.50%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $232.34M | $15.48M | 6.7% |
| 2024 | $260.92M | $14.67M | 5.6% |
| 2023 | $81.14M | $13.52M | 16.7% |
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 | 7.61% |
| 2026-03-31 | 11.92% |
| 2025-12-31 | 6.41% |
| 2025-09-30 | 7.74% |
| 2025-06-30 | 7.94% |
| 2025-03-31 | 5.21% |
| 2024-12-31 | 6.22% |
| 2024-09-30 | 8.00% |
| 2024-06-30 | 12.40% |
| 2024-03-31 | 22.17% |
| 2023-12-31 | 20.13% |
| 2023-09-30 | 9.04% |
| 2023-06-30 | 7.03% |
| 2023-03-31 | 9.97% |
| 2021-12-31 | 2.05% |
| 2021-09-30 | 15.91% |
| 2021-06-30 | 2.22% |
| 2021-03-31 | 2.40% |
| 2020-12-31 | 4.03% |
| 2020-09-30 | 1.00% |
| 2020-06-30 | 2.80% |
| 2020-03-31 | 1.56% |
| 2019-12-31 | 1.48% |
| 2019-09-30 | 1.48% |
| 2019-06-30 | 1.41% |
| 2019-03-31 | 2.04% |
| 2018-12-31 | 1.76% |
| 2018-09-30 | 2.16% |
| 2018-06-30 | 2.28% |
| 2018-03-31 | 2.22% |
| 2017-12-31 | 2.23% |
| 2017-09-30 | 2.79% |
| 2017-06-30 | 3.30% |
| 2017-03-31 | 4.28% |
| 2016-12-31 | 2.65% |
| 2016-09-30 | 5.73% |
| 2016-06-30 | 3.95% |
| 2016-03-31 | 3.24% |
| 2015-12-31 | 5.65% |
| 2015-09-30 | 4.91% |
| 2015-06-30 | 7.92% |
| 2015-03-31 | 11.73% |
| 2014-12-31 | 13.47% |
| 2014-09-30 | 17.24% |
| 2014-06-30 | 16.81% |
| 2014-03-31 | 18.08% |
| 2013-12-31 | 11.57% |
| 2013-09-30 | 26.28% |
| 2013-06-30 | 28.90% |
| 2013-03-31 | 34.11% |
| 2012-12-31 | 27.83% |
| 2012-09-30 | 32.55% |
| 2012-06-30 | 48.94% |
| 2012-03-31 | 46.22% |
| 2011-12-31 | 48.09% |
| 2011-09-30 | 45.79% |
| 2011-06-30 | 46.83% |
| 2011-03-31 | 35.57% |
| 2010-12-31 | 22.71% |
| 2010-09-30 | 21.78% |
| 2010-06-30 | 26.14% |
| 2010-03-31 | 31.43% |
| 2009-12-31 | 41.18% |
| 2008-09-30 | 65.74% |
| 2008-03-31 | 10.47% |
| 2006-03-31 | 2.22% |
| 2005-12-31 | 2.15% |
| 2005-09-30 | 3.40% |
| 2005-06-30 | 4.40% |
| 2005-03-31 | 1.50% |
| 2004-12-31 | 0.82% |
| 2004-09-30 | 3.31% |
| 2004-06-30 | 3.08% |
| 2004-03-31 | 2.84% |
| 2003-12-31 | 1.89% |
| 2003-09-30 | 0.82% |
| 2003-06-30 | 0.19% |
| 2003-03-31 | 0.48% |
| 2022 |
| ($0.65M) |
| $13.10M |
| N/A (Loss) |
| 2021 | $231.03M | $4.21M | 1.8% |
| 2020 | $126.13M | $3.99M | 3.2% |
| 2019 | $266.56M | $3.94M | 1.5% |
| 2018 | $221.91M | $3.91M | 1.8% |
| 2017 | $173.38M | $3.88M | 2.2% |
| 2016 | $131.22M | $3.47M | 2.6% |
| 2015 | $134.72M | $7.18M | 5.3% |
| 2014 | $106.56M | $14.36M | 13.5% |
| 2013 | $81.45M | $9.43M | 11.6% |
| 2012 | $58.60M | $9.60M | 16.4% |
| 2011 | $42.81M | $9.97M | 23.3% |
| 2010 | $82.59M | $10.10M | 12.2% |
| 2009 | $56.81M | $10.10M | 17.8% |
| 2008 | $24.99M | $0 | 0.0% |
| 2007 | $33.07M | $0 | 0.0% |
| 2006 | $40.51M | $0 | 0.0% |
| 2005 | $20.00M | $0 | 0.0% |
| 2004 | $17.94M | $0 | 0.0% |
| 2003 | $21.89M | $0 | 0.0% |
| 2002 | $9.35M | $0.19M | 2.0% |
| 2001 | $11.79M | $0 | 0.0% |
| 2000 | $10.85M | $0 | 0.0% |
| 1999 | ($40.10M) | $0 | N/A (Loss) |
| 1998 | $3.80M | $0 | 0.0% |
| 1997 | ($0.10M) | $0 | N/A (Loss) |
| 1996 | ($0.10M) | $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.
