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 11.12% is 80% below its 5-year average of 54.79%, near the low end of its 5-year range (9.89%–424.73%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.37% below its 12-month average of 12.55%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
11.12%
FCF PAYOUT RATIO AVG TTM
12.55%
FCF PAYOUT RATIO AVG 3Y
16.02%
FCF PAYOUT RATIO AVG 5Y
18.74%
FCF PAYOUT RATIO AVG 10Y
34.67%
FCF PAYOUT RATIO AVG 15Y
39.54%
FCF PAYOUT RATIO AVG 20Y
34.65%
CURRENT VS TTM AVG
-11.37%
CURRENT VS 3Y AVG
-30.57%
CURRENT VS 5Y AVG
-40.65%
CURRENT VS 10Y AVG
-67.91%
CURRENT VS 15Y AVG
-71.87%
CURRENT VS 20Y AVG
-67.90%
FCF Payout Ratio TTM
11.1%
Earnings Payout Ratio
7.5%
Dividend Yield
0.15%
FCF Yield
1.39%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $362.30M | $40.30M | 11.1% |
| 2025 | $286.10M | $40.30M | 14.1% |
| 2024 | $178.30M | $40.00M | 22.4% |
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 | 11.12% |
| 2026-03-31 | 9.89% |
| 2025-12-31 | 12.69% |
| 2025-09-30 | 14.96% |
| 2025-06-30 | 14.09% |
| 2025-03-31 | 17.69% |
| 2024-12-31 | 15.81% |
| 2024-09-30 | 19.50% |
| 2024-06-30 | 22.43% |
| 2024-03-31 | 22.04% |
| 2023-12-31 | 38.54% |
| 2023-09-30 | 424.73% |
| 2021-09-30 | 117.37% |
| 2021-06-30 | 26.15% |
| 2021-03-31 | 18.90% |
| 2020-12-31 | 15.96% |
| 2020-09-30 | 23.97% |
| 2020-06-30 | 64.24% |
| 2020-03-31 | 50.72% |
| 2019-12-31 | 259.73% |
| 2019-09-30 | 103.20% |
| 2019-06-30 | 74.09% |
| 2018-12-31 | 46.73% |
| 2018-09-30 | 45.21% |
| 2018-06-30 | 46.36% |
| 2018-03-31 | 50.29% |
| 2017-12-31 | 54.19% |
| 2017-09-30 | 198.84% |
| 2017-06-30 | 110.71% |
| 2017-03-31 | 54.13% |
| 2016-12-31 | 49.34% |
| 2016-09-30 | 26.92% |
| 2016-06-30 | 21.52% |
| 2016-03-31 | 18.92% |
| 2015-12-31 | 15.59% |
| 2015-09-30 | 22.24% |
| 2015-06-30 | 33.81% |
| 2015-03-31 | 94.59% |
| 2012-03-31 | 233.33% |
| 2010-09-30 | 425.33% |
| 2010-06-30 | 44.93% |
| 2010-03-31 | 26.66% |
| 2009-12-31 | 22.91% |
| 2009-09-30 | 67.38% |
| 2009-06-30 | 107.88% |
| 2008-09-30 | 40.50% |
| 2008-06-30 | 30.72% |
| 2008-03-31 | 16.62% |
| 2007-12-31 | 17.31% |
| 2007-09-30 | 13.48% |
| 2007-06-30 | 11.27% |
| 2007-03-31 | 9.59% |
| 2006-12-31 | 7.84% |
| 2006-09-30 | 6.84% |
| 2006-06-30 | 7.56% |
| 2006-03-31 | 11.31% |
| 2005-12-31 | 10.98% |
| 2005-09-30 | 12.73% |
| 2005-06-30 | 8.86% |
| 2005-03-31 | 10.46% |
| 2004-12-31 | 10.18% |
| 2004-09-30 | 10.09% |
| 2004-06-30 | 10.80% |
| 2004-03-31 | 7.76% |
| 2003-12-31 | 10.69% |
| 2003-09-30 | 9.86% |
| 2003-06-30 | 17.32% |
| 2023 |
| ($67.60M) |
| $39.40M |
| N/A (Loss) |
| 2022 | ($85.30M) | $39.20M | N/A (Loss) |
| 2021 | $149.50M | $39.10M | 26.2% |
| 2020 | $60.40M | $38.80M | 64.2% |
| 2019 | $52.10M | $38.60M | 74.1% |
| 2018 | $74.20M | $34.40M | 46.4% |
| 2017 | $30.80M | $34.10M | 110.7% |
| 2016 | $161.70M | $34.80M | 21.5% |
| 2015 | $112.10M | $37.90M | 33.8% |
| 2014 | ($109.60M) | $38.50M | N/A (Loss) |
| 2013 | ($121.70M) | $38.30M | N/A (Loss) |
| 2012 | ($11.60M) | $33.70M | N/A (Loss) |
| 2011 | ($15.40M) | $32.10M | N/A (Loss) |
| 2010 | $71.00M | $31.90M | 44.9% |
| 2009 | $29.20M | $31.50M | 107.9% |
| 2008 | $99.60M | $30.60M | 30.7% |
| 2007 | $228.00M | $25.70M | 11.3% |
| 2006 | $218.30M | $16.50M | 7.6% |
| 2005 | $128.70M | $11.40M | 8.9% |
| 2004 | $86.10M | $9.30M | 10.8% |
| 2003 | $83.70M | $14.50M | 17.3% |
| 2002 | $117.00M | $31.00M | 26.5% |
| 2001 | $68.10M | $30.70M | 45.1% |
| 2000 | ($42.60M) | $30.80M | N/A (Loss) |
| 1999 | ($88.80M) | $30.70M | N/A (Loss) |
| 1998 | ($168.90M) | $28.50M | N/A (Loss) |
| 1997 | ($19.50M) | $24.40M | 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.
