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 12.49% is 73% below its 5-year average of 46.66%, near the low end of its 5-year range (12.49%–246.08%).
As of the fiscal period ended Saturday, July 4, 2026. 75.77% below its 12-month average of 51.53%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
12.49%
FCF PAYOUT RATIO AVG TTM
51.53%
FCF PAYOUT RATIO AVG 3Y
43.74%
FCF PAYOUT RATIO AVG 5Y
46.66%
FCF PAYOUT RATIO AVG 10Y
28.94%
FCF PAYOUT RATIO AVG 15Y
27.04%
FCF PAYOUT RATIO AVG 20Y
27.04%
CURRENT VS TTM AVG
-75.77%
CURRENT VS 3Y AVG
-71.45%
CURRENT VS 5Y AVG
-73.24%
CURRENT VS 10Y AVG
-56.85%
CURRENT VS 15Y AVG
-53.81%
CURRENT VS 20Y AVG
-53.81%
FCF Payout Ratio TTM
12.5%
Earnings Payout Ratio
18.2%
Dividend Yield
3.10%
FCF Yield
25.64%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $68.63M | $56.36M | 82.1% |
| 2024 | $242.62M | $116.18M | 47.9% |
| 2023 | $469.27M | $112.00M | 23.9% |
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 |
|---|---|
| 2026-07-04 | 12.49% |
| 2026-04-04 | 28.79% |
| 2026-01-03 | 82.12% |
| 2025-09-27 | 82.72% |
| 2025-06-28 | 68.24% |
| 2025-03-29 | 52.37% |
| 2024-12-31 | 47.88% |
| 2024-09-28 | 41.37% |
| 2024-06-29 | 32.19% |
| 2024-03-30 | 27.98% |
| 2023-12-31 | 23.87% |
| 2023-09-30 | 24.81% |
| 2023-07-01 | 33.54% |
| 2023-04-01 | 46.82% |
| 2022-12-31 | 246.08% |
| 2022-07-02 | 112.08% |
| 2022-04-02 | 82.04% |
| 2021-12-31 | 26.05% |
| 2021-10-02 | 14.60% |
| 2021-07-03 | 4.83% |
| 2020-12-31 | 4.71% |
| 2020-09-26 | 8.14% |
| 2020-06-27 | 15.07% |
| 2020-03-28 | 33.76% |
| 2019-12-31 | 27.50% |
| 2019-09-28 | 25.46% |
| 2019-06-29 | 28.85% |
| 2019-03-30 | 31.48% |
| 2018-12-31 | 28.63% |
| 2018-09-29 | 48.02% |
| 2018-06-30 | 29.93% |
| 2018-03-31 | 30.48% |
| 2017-12-31 | 27.26% |
| 2017-09-30 | 23.13% |
| 2017-07-01 | 21.55% |
| 2017-04-01 | 27.58% |
| 2016-12-31 | 23.64% |
| 2016-10-01 | 34.03% |
| 2016-07-02 | 21.46% |
| 2016-04-02 | 21.38% |
| 2015-12-31 | 22.51% |
| 2015-10-03 | 14.73% |
| 2015-07-04 | 23.97% |
| 2015-04-04 | 17.20% |
| 2014-12-31 | 23.08% |
| 2014-09-27 | 113.15% |
| 2013-09-28 | 87.69% |
| 2013-06-29 | 9.13% |
| 2004-07-03 | 182.01% |
| 2004-04-03 | 54.42% |
| 2003-12-31 | 63.74% |
| 2022 |
| $48.00M |
| $118.11M |
| 246.1% |
| 2021 | $230.82M | $60.12M | 26.0% |
| 2020 | $555.62M | $26.26M | 4.7% |
| 2019 | $325.80M | $89.59M | 27.5% |
| 2018 | $292.42M | $83.72M | 28.6% |
| 2017 | $260.15M | $70.91M | 27.3% |
| 2016 | $280.67M | $66.36M | 23.6% |
| 2015 | $204.49M | $46.03M | 22.5% |
| 2014 | $175.39M | $40.48M | 23.1% |
| 2013 | ($10.84M) | $27.71M | N/A (Loss) |
| 2012 | $195.22M | $0 | 0.0% |
| 2011 | $35.58M | $0 | 0.0% |
| 2010 | $46.04M | $0 | 0.0% |
| 2009 | $155.26M | $0 | 0.0% |
| 2008 | $146.09M | $0 | 0.0% |
| 2007 | $30.11M | $0 | 0.0% |
| 2006 | $57.38M | $0 | 0.0% |
| 2005 | $114.68M | $0 | 0.0% |
| 2004 | $22.20M | $0 | 0.0% |
| 2003 | $23.16M | $24.89M | 107.5% |
| 2002 | $9.29M | $0 | 0.0% |
| 2001 | $12.24M | $0 | 0.0% |
| 2000 | $7.02M | $0 | 0.0% |
| 1999 | $23.73M | $0 | 0.0% |
| 1998 | ($10.93M) | $0 | N/A (Loss) |
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.
