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 31.01% is 149% above its 5-year average of 12.47%, near the low end of its 5-year range (1.43%–186.26%).
As of the fiscal period ended Tuesday, September 30, 2025. 67.87% above its 12-month average of 18.47%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
31.01%
FCF PAYOUT RATIO AVG TTM
18.47%
FCF PAYOUT RATIO AVG 3Y
37.06%
FCF PAYOUT RATIO AVG 5Y
12.47%
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
+67.87%
CURRENT VS 3Y AVG
-16.33%
CURRENT VS 5Y AVG
+148.75%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
31.0%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $192.76M | $11.44M | 5.9% |
| 2024 | $198.91M | $0 | 0.0% |
| 2023 | $197.97M | $27.60M | 13.9% |
| 2022 | $99.00M | $34.51M | 34.9% |
| 2021 | $428.02M | $20.32M | 4.7% |
| 2020 | $160.41M | $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.
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 |
|---|---|
| 2025-09-30 | 31.01% |
| 2025-06-30 | 5.93% |
| 2024-03-31 | 3.07% |
| 2023-12-31 | 5.39% |
| 2023-09-30 | 7.01% |
| 2023-06-30 | 13.94% |
| 2023-03-31 | 21.48% |
| 2022-12-31 | 186.26% |
| 2022-09-30 | 59.46% |
| 2022-06-30 | 34.86% |
| 2022-03-31 | 20.72% |
| 2021-12-31 | 11.90% |
| 2021-09-30 | 10.27% |
| 2021-06-30 | 4.75% |
| 2021-03-31 | 2.76% |
| 2020-12-31 | 1.43% |
| 0.0% |
| 2019 | $41.35M | $0 | 0.0% |
| 2018 | $7.58M | $0 | 0.0% |
| 2017 | ($19.90M) | $0 | N/A (Loss) |
| 2016 | $64.80M | $0 | 0.0% |
| 2015 | $77.05M | $0 | 0.0% |
| 2014 | $66.24M | $0 | 0.0% |
| 2013 | $82.40M | $0 | 0.0% |
| 2012 | $45.27M | $0 | 0.0% |
| 2011 | $32.63M | $0 | 0.0% |
| 2010 | $58.58M | $0 | 0.0% |
| 2009 | $33.36M | $0 | 0.0% |
| 2008 | $28.06M | $0 | 0.0% |
| 2007 | $24.17M | $0 | 0.0% |
| 2006 | $25.16M | $0 | 0.0% |
| 2005 | $0.96M | $0 | 0.0% |
| 2004 | $17.67M | $0 | 0.0% |
| 2003 | $18.62M | $0 | 0.0% |
| 2002 | $7.47M | $0 | 0.0% |
| 2001 | ($28.92M) | $0 | N/A (Loss) |
| 2000 | $3.66M | $0 | 0.0% |
| 1999 | $4.40M | $0 | 0.0% |
| 1998 | ($13.60M) | $0 | N/A (Loss) |
| 1997 | $1.00M | $0 | 0.0% |
| 1996 | ($2.40M) | $0 | N/A (Loss) |
