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 3.79% is 18% below its 5-year average of 4.61%, near the low end of its 5-year range (3.05%–17.75%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.30% below its 12-month average of 4.13%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
3.79%
FCF PAYOUT RATIO AVG TTM
4.13%
FCF PAYOUT RATIO AVG 3Y
4.09%
FCF PAYOUT RATIO AVG 5Y
4.61%
FCF PAYOUT RATIO AVG 10Y
8.74%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-8.30%
CURRENT VS 3Y AVG
-7.31%
CURRENT VS 5Y AVG
-17.83%
CURRENT VS 10Y AVG
-56.61%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
3.8%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
14.33%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $348.20M | $13.20M | 3.8% |
| 2025 | $277.60M | $13.30M | 4.8% |
| 2024 | $369.40M | $13.40M | 3.6% |
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 | 3.79% |
| 2026-03-31 | 4.28% |
| 2025-12-31 | 3.35% |
| 2025-09-30 | 4.45% |
| 2025-06-30 | 4.79% |
| 2025-03-31 | 3.67% |
| 2024-12-31 | 4.58% |
| 2024-09-30 | 5.69% |
| 2024-06-30 | 3.63% |
| 2024-03-31 | 4.61% |
| 2023-12-31 | 3.87% |
| 2023-09-30 | 3.05% |
| 2023-06-30 | 3.40% |
| 2023-03-31 | 4.75% |
| 2022-12-31 | 3.11% |
| 2022-09-30 | 14.12% |
| 2022-06-30 | 10.35% |
| 2022-03-31 | 12.41% |
| 2021-12-31 | 17.25% |
| 2021-09-30 | 7.06% |
| 2021-06-30 | 17.75% |
| 2020-03-31 | 287.31% |
| 2019-12-31 | 52.25% |
| 2019-09-30 | 82.64% |
| 2019-06-30 | 162.54% |
| 2019-03-31 | 173.12% |
| 2017-09-30 | 122.11% |
| 2017-06-30 | 114.58% |
| 2016-03-31 | 318.26% |
| 2015-12-31 | 268.55% |
| 2015-09-30 | 313.37% |
| 2015-06-30 | 417.18% |
| 2015-03-31 | 184.16% |
| 2014-12-31 | 228.21% |
| 2014-09-30 | 221.51% |
| 2014-06-30 | 171.18% |
| 2014-03-31 | 39.63% |
| 2013-12-31 | 32.72% |
| 2013-09-30 | 28.82% |
| 2013-06-30 | 42.52% |
| 2013-03-31 | 18.03% |
| 2012-12-31 | 18.05% |
| 2023 |
| $402.90M |
| $13.70M |
| 3.4% |
| 2022 | $552.50M | $57.20M | 10.4% |
| 2021 | $144.80M | $25.70M | 17.7% |
| 2020 | ($318.30M) | $196.90M | N/A (Loss) |
| 2019 | $213.00M | $346.20M | 162.5% |
| 2018 | ($32.70M) | $375.80M | N/A (Loss) |
| 2017 | $325.20M | $372.60M | 114.6% |
| 2016 | $351.30M | $89.00M | 25.3% |
| 2015 | $325.40M | $71.00M | 21.8% |
| 2014 | $305.00M | $76.90M | 25.2% |
| 2013 | $270.00M | $57.40M | 21.3% |
| 2012 | $381.90M | $0 | 0.0% |
| 2011 | $304.60M | $35.30M | 11.6% |
| 2010 | $377.70M | $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.
