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 3.77% is 85% below its 5-year average of 24.86%, near the low end of its 5-year range (3.77%–602.42%).
As of the fiscal period ended Tuesday, June 30, 2026. 70.51% below its 12-month average of 12.78%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 3.77%.
FCF PAYOUT RATIO
3.77%
FCF PAYOUT RATIO AVG TTM
12.78%
FCF PAYOUT RATIO AVG 3Y
12.05%
FCF PAYOUT RATIO AVG 5Y
24.86%
FCF PAYOUT RATIO AVG 10Y
27.36%
FCF PAYOUT RATIO AVG 15Y
46.05%
FCF PAYOUT RATIO AVG 20Y
47.90%
CURRENT VS TTM AVG
-70.51%
CURRENT VS 3Y AVG
-68.73%
CURRENT VS 5Y AVG
-84.85%
CURRENT VS 10Y AVG
-86.23%
CURRENT VS 15Y AVG
-91.82%
CURRENT VS 20Y AVG
-92.13%
FCF Payout Ratio TTM
3.8%
Earnings Payout Ratio
3.8%
Dividend Yield
0.13%
FCF Yield
6.48%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $14.61M | $3.08M | 21.1% |
| 2024 | $28.27M | $3.04M | 10.7% |
| 2023 | $37.13M | $3.01M | 8.1% |
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 | 3.77% |
| 2026-03-31 | 9.95% |
| 2025-12-31 | 21.07% |
| 2025-09-30 | 7.50% |
| 2025-06-30 | 21.59% |
| 2025-03-31 | 13.18% |
| 2024-12-31 | 10.75% |
| 2024-09-30 | 17.70% |
| 2024-06-30 | 10.24% |
| 2024-03-31 | 39.41% |
| 2023-12-31 | 8.11% |
| 2023-09-30 | 10.05% |
| 2023-06-30 | 10.70% |
| 2023-03-31 | 8.47% |
| 2022-12-31 | 145.17% |
| 2022-09-30 | 85.29% |
| 2022-06-30 | 48.58% |
| 2022-03-31 | 55.38% |
| 2021-12-31 | 67.20% |
| 2021-09-30 | 23.50% |
| 2021-06-30 | 602.42% |
| 2021-03-31 | 6.14% |
| 2020-12-31 | 7.90% |
| 2020-09-30 | 7.93% |
| 2020-06-30 | 7.01% |
| 2020-03-31 | 368.14% |
| 2019-12-31 | 97.55% |
| 2019-09-30 | 45.15% |
| 2019-06-30 | 147.14% |
| 2019-03-31 | 27.47% |
| 2018-12-31 | 22.49% |
| 2018-09-30 | 35.10% |
| 2018-06-30 | 57.26% |
| 2016-09-30 | 36.46% |
| 2016-06-30 | 25.32% |
| 2016-03-31 | 36.82% |
| 2015-12-31 | 40.60% |
| 2015-09-30 | 28.69% |
| 2015-06-30 | 31.29% |
| 2015-03-31 | 22.06% |
| 2014-12-31 | 59.44% |
| 2014-09-30 | 129.23% |
| 2014-06-30 | 74.19% |
| 2014-03-31 | 203.81% |
| 2013-12-31 | 29.82% |
| 2013-09-30 | 68.40% |
| 2013-06-30 | 71.01% |
| 2013-03-31 | 109.42% |
| 2012-12-31 | 94.65% |
| 2012-09-30 | 58.41% |
| 2012-06-30 | 95.78% |
| 2012-03-31 | 84.58% |
| 2011-12-31 | 86.18% |
| 2011-09-30 | 87.74% |
| 2011-03-31 | 91.29% |
| 2010-12-31 | 105.11% |
| 2010-09-30 | 70.74% |
| 2010-06-30 | 59.97% |
| 2010-03-31 | 119.15% |
| 2009-12-31 | 343.05% |
| 2008-09-30 | 17.63% |
| 2008-06-30 | 22.75% |
| 2008-03-31 | 38.99% |
| 2007-12-31 | 56.28% |
| 2007-03-31 | 48.80% |
| 2006-12-31 | 38.76% |
| 2006-09-30 | 28.28% |
| 2006-06-30 | 19.25% |
| 2006-03-31 | 45.15% |
| 2005-12-31 | 36.55% |
| 2005-09-30 | 98.09% |
| 2005-06-30 | 132.25% |
| 2005-03-31 | 64.63% |
| 2004-12-31 | 92.06% |
| 2004-09-30 | 126.99% |
| 2004-06-30 | 170.86% |
| 2004-03-31 | 128.08% |
| 2003-12-31 | 89.89% |
| 2003-09-30 | 12.41% |
| 2022 |
| $2.06M |
| $2.99M |
| 145.2% |
| 2021 | $4.45M | $2.99M | 67.2% |
| 2020 | $37.95M | $3.00M | 7.9% |
| 2019 | $3.14M | $3.07M | 97.6% |
| 2018 | $13.63M | $3.07M | 22.5% |
| 2017 | ($2.38M) | $3.06M | N/A (Loss) |
| 2016 | ($1.56M) | $3.20M | N/A (Loss) |
| 2015 | $7.99M | $3.24M | 40.6% |
| 2014 | $5.43M | $3.23M | 59.4% |
| 2013 | $10.12M | $3.01M | 29.8% |
| 2012 | $3.16M | $2.99M | 94.7% |
| 2011 | $3.47M | $2.99M | 86.2% |
| 2010 | $2.74M | $2.88M | 105.1% |
| 2009 | $0.82M | $2.81M | 343.0% |
| 2008 | ($0.80M) | $2.81M | N/A (Loss) |
| 2007 | $4.77M | $2.68M | 56.3% |
| 2006 | $5.76M | $2.23M | 38.8% |
| 2005 | $5.08M | $1.86M | 36.5% |
| 2004 | $1.74M | $1.60M | 92.1% |
| 2003 | $0.82M | $1.11M | 135.6% |
| 2002 | $0.02M | $0 | 0.0% |
| 2001 | ($0.17M) | $0 | N/A (Loss) |
| 2000 | $1.65M | $0 | 0.0% |
| 1999 | ($1.80M) | $0 | N/A (Loss) |
| 1998 | $0.90M | $0 | 0.0% |
| 1997 | $3.10M | $0 | 0.0% |
| 1996 | $0.60M | $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.
