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 17.78% is 21% above its 4-year average of 14.66%, near the high end of its 4-year range (3.58%–22.19%).
As of the fiscal period ended Sunday, May 31, 2026. 1.76% above its 12-month average of 17.47%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-05-31): 17.78%.
FCF PAYOUT RATIO
17.78%
FCF PAYOUT RATIO AVG TTM
17.47%
FCF PAYOUT RATIO AVG 3Y
17.57%
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
+1.76%
CURRENT VS 3Y AVG
+1.18%
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
17.8%
Earnings Payout Ratio
N/A
Dividend Yield
5.57%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $572.47M | $89.62M | 15.7% |
| 2024 | $428.73M | $83.81M | 19.5% |
| 2023 | $497.48M | $63.49M | 12.8% |
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 |
|---|---|
| 2026-05-31 | 17.78% |
| 2026-02-28 | 18.65% |
| 2025-11-30 | 15.65% |
| 2025-08-31 | 17.26% |
| 2025-05-31 | 18.02% |
| 2025-02-28 | 17.74% |
| 2024-11-30 | 19.55% |
| 2024-08-31 | 22.19% |
| 2024-05-31 | 18.62% |
| 2024-02-29 | 21.13% |
| 2023-11-30 | 12.76% |
| 2023-08-31 | 10.87% |
| 2023-05-31 | 11.53% |
| 2023-02-28 | 10.40% |
| 2022-11-30 | 11.60% |
| 2022-08-31 | 12.62% |
| 2022-05-31 | 11.61% |
| 2022-02-28 | 7.06% |
| 2021-11-30 | 3.58% |
| 2022 |
| $460.70M |
| $53.43M |
| 11.6% |
| 2021 | $365.10M | $13.08M | 3.6% |
| 2020 | $336.28M | $0 | 0.0% |
| 2019 | $338.61M | $0 | 0.0% |
| 2018 | $119.81M | $0 | 0.0% |
| 2017 | $89.66M | $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.
