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 91.02% is in line with its 5-year average of 96.62%, around the middle of its 5-year range (76.68%–119.45%).
As of the fiscal period ended Tuesday, June 30, 2026. 14.49% below its 12-month average of 106.44%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
91.02%
FCF PAYOUT RATIO AVG TTM
106.44%
FCF PAYOUT RATIO AVG 3Y
104.11%
FCF PAYOUT RATIO AVG 5Y
96.62%
FCF PAYOUT RATIO AVG 10Y
97.19%
FCF PAYOUT RATIO AVG 15Y
98.63%
FCF PAYOUT RATIO AVG 20Y
99.16%
CURRENT VS TTM AVG
-14.49%
CURRENT VS 3Y AVG
-12.57%
CURRENT VS 5Y AVG
-5.80%
CURRENT VS 10Y AVG
-6.35%
CURRENT VS 15Y AVG
-7.72%
CURRENT VS 20Y AVG
-8.21%
FCF Payout Ratio TTM
91.0%
Earnings Payout Ratio
211.7%
Dividend Yield
9.35%
FCF Yield
13.77%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $132.49M | $132.02M | 99.6% |
| 2024 | $132.64M | $146.52M | 110.5% |
| 2023 | $139.84M | $131.56M | 94.1% |
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 | 91.02% |
| 2026-03-31 | 111.52% |
| 2025-12-31 | 102.44% |
| 2025-09-30 | 119.45% |
| 2025-06-30 | 107.79% |
| 2025-03-31 | 106.46% |
| 2024-12-31 | 114.51% |
| 2024-09-30 | 95.55% |
| 2024-06-30 | 101.35% |
| 2024-03-31 | 106.56% |
| 2023-12-31 | 94.08% |
| 2023-09-30 | 102.13% |
| 2023-06-30 | 102.82% |
| 2023-03-31 | 90.35% |
| 2022-12-31 | 89.70% |
| 2022-09-30 | 80.38% |
| 2022-06-30 | 79.37% |
| 2022-03-31 | 78.39% |
| 2021-12-31 | 76.68% |
| 2021-09-30 | 86.16% |
| 2021-06-30 | 92.38% |
| 2021-03-31 | 136.22% |
| 2020-12-31 | 121.34% |
| 2020-09-30 | 124.03% |
| 2020-06-30 | 112.61% |
| 2020-03-31 | 98.95% |
| 2019-12-31 | 106.30% |
| 2019-09-30 | 93.85% |
| 2019-06-30 | 100.87% |
| 2019-03-31 | 94.87% |
| 2018-12-31 | 92.90% |
| 2018-09-30 | 92.91% |
| 2018-06-30 | 86.80% |
| 2018-03-31 | 90.93% |
| 2017-12-31 | 87.96% |
| 2017-09-30 | 95.71% |
| 2017-06-30 | 93.17% |
| 2017-03-31 | 84.24% |
| 2016-12-31 | 96.19% |
| 2016-09-30 | 94.84% |
| 2016-06-30 | 90.13% |
| 2016-03-31 | 124.78% |
| 2015-12-31 | 132.20% |
| 2015-09-30 | 134.84% |
| 2015-06-30 | 132.54% |
| 2015-03-31 | 118.56% |
| 2014-12-31 | 104.99% |
| 2014-09-30 | 99.78% |
| 2014-06-30 | 94.64% |
| 2014-03-31 | 96.74% |
| 2013-12-31 | 97.55% |
| 2013-09-30 | 93.77% |
| 2013-06-30 | 103.56% |
| 2013-03-31 | 105.44% |
| 2012-12-31 | 100.79% |
| 2012-09-30 | 105.95% |
| 2012-06-30 | 97.95% |
| 2012-03-31 | 93.87% |
| 2011-12-31 | 94.62% |
| 2011-09-30 | 101.17% |
| 2011-06-30 | 100.00% |
| 2011-03-31 | 102.03% |
| 2010-12-31 | 99.15% |
| 2010-09-30 | 89.55% |
| 2010-06-30 | 91.33% |
| 2010-03-31 | 97.62% |
| 2009-12-31 | 119.86% |
| 2009-09-30 | 145.76% |
| 2009-06-30 | 124.02% |
| 2009-03-31 | 106.62% |
| 2008-12-31 | 98.54% |
| 2008-09-30 | 85.99% |
| 2008-06-30 | 87.74% |
| 2008-03-31 | 94.66% |
| 2007-12-31 | 98.23% |
| 2007-09-30 | 97.78% |
| 2007-06-30 | 115.79% |
| 2007-03-31 | 111.89% |
| 2006-12-31 | 113.07% |
| 2006-09-30 | 81.49% |
| 2006-06-30 | 70.75% |
| 2006-03-31 | 68.52% |
| 2005-12-31 | 59.79% |
| 2005-09-30 | 94.71% |
| 2005-06-30 | 95.42% |
| 2005-03-31 | 97.19% |
| 2004-12-31 | 99.14% |
| 2004-09-30 | 97.76% |
| 2004-06-30 | 102.66% |
| 2004-03-31 | 87.69% |
| 2003-12-31 | 132.00% |
| 2003-09-30 | 132.75% |
| 2022 |
| $147.05M |
| $131.90M |
| 89.7% |
| 2021 | $70.31M | $53.91M | 76.7% |
| 2020 | $39.41M | $48.24M | 122.4% |
| 2019 | $66.11M | $70.90M | 107.2% |
| 2018 | $62.46M | $58.01M | 92.9% |
| 2017 | $42.97M | $37.80M | 88.0% |
| 2016 | $28.28M | $27.20M | 96.2% |
| 2015 | $27.69M | $36.61M | 132.2% |
| 2014 | $57.66M | $60.54M | 105.0% |
| 2013 | $56.40M | $55.02M | 97.5% |
| 2012 | $56.42M | $56.87M | 100.8% |
| 2011 | $55.49M | $52.51M | 94.6% |
| 2010 | $52.64M | $52.20M | 99.2% |
| 2009 | $37.39M | $44.73M | 119.6% |
| 2008 | $82.86M | $81.65M | 98.5% |
| 2007 | $58.42M | $57.40M | 98.3% |
| 2006 | $72.78M | $82.30M | 113.1% |
| 2005 | $69.00M | $0 | 0.0% |
| 2004 | $48.12M | $47.70M | 99.1% |
| 2003 | $38.48M | $50.80M | 132.0% |
| 2002 | $11.85M | $11.72M | 98.9% |
| 2001 | $15.44M | $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.
