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 8.16% is 74% below its 5-year average of 31.70%, near the low end of its 5-year range (6.79%–276.30%).
As of the fiscal period ended Tuesday, March 31, 2026. 51.12% below its 12-month average of 16.69%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
8.16%
FCF PAYOUT RATIO AVG TTM
16.69%
FCF PAYOUT RATIO AVG 3Y
14.50%
FCF PAYOUT RATIO AVG 5Y
16.41%
FCF PAYOUT RATIO AVG 10Y
16.56%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-51.12%
CURRENT VS 3Y AVG
-43.75%
CURRENT VS 5Y AVG
-50.28%
CURRENT VS 10Y AVG
-50.74%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
8.2%
Earnings Payout Ratio
13.4%
Dividend Yield
0.56%
FCF Yield
6.54%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $467.52M | $38.14M | 8.2% |
| 2025 | $139.26M | $37.47M | 26.9% |
| 2024 | $370.59M | $34.48M | 9.3% |
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 |
|---|---|
| 2026-03-31 | 8.16% |
| 2025-12-28 | 8.60% |
| 2025-09-28 | 11.56% |
| 2025-06-29 | 28.23% |
| 2025-03-31 | 26.90% |
| 2024-12-29 | 25.83% |
| 2024-09-29 | 18.53% |
| 2024-06-30 | 12.71% |
| 2024-03-31 | 9.30% |
| 2023-12-31 | 8.71% |
| 2023-10-01 | 6.79% |
| 2023-07-02 | 8.29% |
| 2023-03-31 | 14.93% |
| 2023-01-01 | 41.33% |
| 2021-10-03 | 276.30% |
| 2021-07-04 | 22.33% |
| 2021-03-31 | 10.34% |
| 2021-01-03 | 11.64% |
| 2020-10-04 | 11.09% |
| 2020-07-05 | 12.93% |
| 2020-03-31 | 19.55% |
| 2019-12-29 | 23.14% |
| 2019-09-29 | 21.26% |
| 2019-06-30 | 22.89% |
| 2019-03-31 | 23.33% |
| 2018-12-30 | 17.61% |
| 2018-09-30 | 17.23% |
| 2018-07-01 | 20.63% |
| 2018-03-31 | 21.01% |
| 2017-12-31 | 19.69% |
| 2017-10-01 | 24.81% |
| 2017-07-02 | 21.05% |
| 2017-03-31 | 15.51% |
| 2017-01-01 | 15.54% |
| 2016-10-02 | 14.98% |
| 2016-07-03 | 12.32% |
| 2016-03-31 | 12.27% |
| 2015-12-27 | 13.37% |
| 2015-09-27 | 12.51% |
| 2015-06-28 | 18.82% |
| 2015-03-31 | 24.26% |
| 2014-12-28 | 17.88% |
| 2014-09-28 | 31.66% |
| 2014-06-29 | 18.90% |
| 2014-03-31 | 17.99% |
| 2013-12-29 | 12.59% |
| 2013-09-29 | 5.85% |
| 2013-06-30 | 2.95% |
| 2023 |
| $191.17M |
| $28.54M |
| 14.9% |
| 2022 | ($139.63M) | $29.35M | N/A (Loss) |
| 2021 | $288.36M | $29.81M | 10.3% |
| 2020 | $151.97M | $29.70M | 19.5% |
| 2019 | $127.48M | $29.74M | 23.3% |
| 2018 | $141.22M | $29.67M | 21.0% |
| 2017 | $195.96M | $30.40M | 15.5% |
| 2016 | $251.69M | $30.88M | 12.3% |
| 2015 | $130.85M | $31.74M | 24.3% |
| 2014 | $131.63M | $23.68M | 18.0% |
| 2013 | $189.11M | $0 | 0.0% |
| 2012 | $155.25M | $0 | 0.0% |
| 2011 | $16.52M | $0 | 0.0% |
| 2010 | $91.49M | $0 | 0.0% |
| 2009 | $162.29M | $0 | 0.0% |
| 2008 | ($41.02M) | $0 | N/A (Loss) |
| 2007 | $30.07M | $0 | 0.0% |
| 2006 | $3.21M | $0 | 0.0% |
| 2005 | ($2.48M) | $0 | N/A (Loss) |
| 2004 | $10.61M | $258.37M | n/m |
| 2003 | $31.81M | $0 | 0.0% |
| 2002 | $8.12M | $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.
