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 19.75% is 11% below its 5-year average of 22.11%, near the low end of its 5-year range (8.49%–277.04%).
As of the fiscal period ended Tuesday, June 30, 2026. 35.13% below its 12-month average of 30.45%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 19.75%.
FCF PAYOUT RATIO
19.75%
FCF PAYOUT RATIO AVG TTM
30.45%
FCF PAYOUT RATIO AVG 3Y
22.45%
FCF PAYOUT RATIO AVG 5Y
22.11%
FCF PAYOUT RATIO AVG 10Y
24.78%
FCF PAYOUT RATIO AVG 15Y
25.92%
FCF PAYOUT RATIO AVG 20Y
24.25%
CURRENT VS TTM AVG
-35.13%
CURRENT VS 3Y AVG
-12.01%
CURRENT VS 5Y AVG
-10.65%
CURRENT VS 10Y AVG
-20.28%
CURRENT VS 15Y AVG
-23.80%
CURRENT VS 20Y AVG
-18.54%
FCF Payout Ratio TTM
19.8%
Earnings Payout Ratio
31.2%
Dividend Yield
2.11%
FCF Yield
10.94%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $216.74M | $65.53M | 30.2% |
| 2024 | $431.24M | $69.73M | 16.2% |
| 2023 | $581.69M | $73.44M | 12.6% |
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 | 19.75% |
| 2026-03-31 | 37.02% |
| 2025-12-31 | 30.23% |
| 2025-09-30 | 39.14% |
| 2025-06-30 | 26.10% |
| 2025-03-31 | 23.45% |
| 2024-12-31 | 16.17% |
| 2024-09-30 | 14.70% |
| 2024-06-30 | 10.65% |
| 2024-03-31 | 11.93% |
| 2023-12-31 | 12.63% |
| 2023-09-30 | 27.61% |
| 2023-06-30 | 165.57% |
| 2023-03-31 | 277.04% |
| 2022-06-30 | 98.32% |
| 2022-03-31 | 42.47% |
| 2021-12-31 | 21.47% |
| 2021-09-30 | 11.93% |
| 2021-06-30 | 8.49% |
| 2021-03-31 | 4.97% |
| 2020-12-31 | 7.05% |
| 2020-09-30 | 13.95% |
| 2020-06-30 | 32.68% |
| 2020-03-31 | 50.01% |
| 2019-12-31 | 40.22% |
| 2019-09-30 | 101.40% |
| 2019-06-30 | 60.82% |
| 2019-03-31 | 33.08% |
| 2018-12-31 | 27.98% |
| 2018-09-30 | 29.91% |
| 2018-06-30 | 25.24% |
| 2018-03-31 | 19.52% |
| 2017-12-31 | 17.69% |
| 2017-09-30 | 17.21% |
| 2017-06-30 | 17.79% |
| 2017-03-31 | 22.67% |
| 2016-12-31 | 21.37% |
| 2016-09-30 | 29.08% |
| 2016-06-30 | 42.26% |
| 2016-03-31 | 45.33% |
| 2015-12-31 | 172.89% |
| 2015-09-30 | 231.37% |
| 2015-06-30 | 49.70% |
| 2015-03-31 | 35.95% |
| 2014-12-31 | 31.74% |
| 2014-09-30 | 48.17% |
| 2014-06-30 | 25.81% |
| 2014-03-31 | 18.68% |
| 2013-12-31 | 15.28% |
| 2013-09-30 | 13.97% |
| 2013-06-30 | 14.63% |
| 2013-03-31 | 21.49% |
| 2012-12-31 | 30.33% |
| 2012-09-30 | 120.85% |
| 2011-03-31 | 938.56% |
| 2010-09-30 | 31.61% |
| 2010-06-30 | 21.57% |
| 2010-03-31 | 16.23% |
| 2009-12-31 | 12.32% |
| 2009-09-30 | 21.65% |
| 2009-06-30 | 34.24% |
| 2009-03-31 | 21.32% |
| 2008-12-31 | 22.70% |
| 2008-09-30 | 15.04% |
| 2008-06-30 | 15.73% |
| 2008-03-31 | 23.05% |
| 2007-12-31 | 23.18% |
| 2007-09-30 | 21.82% |
| 2007-06-30 | 14.69% |
| 2007-03-31 | 9.38% |
| 2006-12-31 | 4.73% |
| 2022 |
| ($83.71M) |
| $75.08M |
| N/A (Loss) |
| 2021 | $319.66M | $68.62M | 21.5% |
| 2020 | $247.32M | $17.20M | 7.0% |
| 2019 | $161.94M | $65.13M | 40.2% |
| 2018 | $223.95M | $62.66M | 28.0% |
| 2017 | $287.78M | $50.91M | 17.7% |
| 2016 | $225.18M | $48.12M | 21.4% |
| 2015 | $25.19M | $43.55M | 172.9% |
| 2014 | $125.50M | $39.84M | 31.7% |
| 2013 | $204.83M | $31.30M | 15.3% |
| 2012 | $98.18M | $29.78M | 30.3% |
| 2011 | ($14.61M) | $29.07M | N/A (Loss) |
| 2010 | ($5.32M) | $75.44M | N/A (Loss) |
| 2009 | $181.30M | $22.33M | 12.3% |
| 2008 | $97.35M | $22.10M | 22.7% |
| 2007 | $90.23M | $20.91M | 23.2% |
| 2006 | $106.20M | $5.03M | 4.7% |
| 2005 | $98.67M | $0 | 0.0% |
| 2004 | $49.21M | $0 | 0.0% |
| 2003 | $103.98M | $0 | 0.0% |
| 2002 | $130.53M | $0 | 0.0% |
| 2001 | $28.55M | $0 | 0.0% |
| 2000 | $30.96M | $0 | 0.0% |
| 1999 | $10.90M | $0 | 0.0% |
| 1998 | ($40.00M) | $102.40M | N/A (Loss) |
| 1997 | $4.10M | $12.80M | 312.2% |
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.
