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 2.07% is 60% below its 5-year average of 5.23%, near the low end of its 5-year range (2.07%–13.55%).
As of the fiscal period ended Sunday, November 30, 2025. 20.20% below its 12-month average of 2.59%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
2.07%
FCF PAYOUT RATIO AVG TTM
2.59%
FCF PAYOUT RATIO AVG 3Y
2.96%
FCF PAYOUT RATIO AVG 5Y
4.81%
FCF PAYOUT RATIO AVG 10Y
4.01%
FCF PAYOUT RATIO AVG 15Y
3.36%
FCF PAYOUT RATIO AVG 20Y
2.85%
CURRENT VS TTM AVG
-20.20%
CURRENT VS 3Y AVG
-30.10%
CURRENT VS 5Y AVG
-56.99%
CURRENT VS 10Y AVG
-48.42%
CURRENT VS 15Y AVG
-38.41%
CURRENT VS 20Y AVG
-27.33%
FCF Payout Ratio TTM
2.1%
Earnings Payout Ratio
2.3%
Dividend Yield
0.12%
FCF Yield
6.28%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $91.94M | $2.17M | 2.4% |
| 2024 | $69.91M | $2.18M | 3.1% |
| 2023 | $68.20M | $2.27M | 3.3% |
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 |
|---|---|
| 2025-11-30 | 2.07% |
| 2025-08-31 | 2.36% |
| 2025-05-31 | 2.79% |
| 2025-02-28 | 3.05% |
| 2024-11-30 | 2.69% |
| 2024-08-31 | 3.13% |
| 2024-05-31 | 2.68% |
| 2024-02-29 | 3.25% |
| 2023-11-30 | 4.84% |
| 2023-08-31 | 3.36% |
| 2023-05-31 | 3.71% |
| 2023-02-28 | 4.81% |
| 2022-11-30 | 3.45% |
| 2022-08-31 | 5.56% |
| 2022-05-31 | 8.92% |
| 2022-02-28 | 7.00% |
| 2021-11-30 | 8.80% |
| 2021-08-31 | 5.68% |
| 2021-05-31 | 9.51% |
| 2021-02-28 | 8.52% |
| 2020-11-30 | 13.55% |
| 2020-05-31 | 4.84% |
| 2020-02-29 | 2.89% |
| 2019-11-30 | 3.83% |
| 2019-08-31 | 4.53% |
| 2019-05-31 | 5.32% |
| 2019-02-28 | 4.61% |
| 2018-11-30 | 3.18% |
| 2018-08-31 | 2.80% |
| 2018-05-31 | 4.98% |
| 2018-02-28 | 9.31% |
| 2017-11-30 | 9.82% |
| 2017-08-31 | 3.95% |
| 2017-05-31 | 3.54% |
| 2017-02-28 | 2.99% |
| 2016-11-30 | 2.66% |
| 2016-08-31 | 2.46% |
| 2016-05-31 | 1.69% |
| 2016-02-29 | 1.75% |
| 2015-11-30 | 1.65% |
| 2015-08-31 | 2.71% |
| 2015-05-31 | 4.51% |
| 2015-02-28 | 5.62% |
| 2014-11-30 | 9.09% |
| 2014-08-31 | 3.50% |
| 2014-05-31 | 2.60% |
| 2014-02-28 | 1.87% |
| 2013-11-30 | 1.56% |
| 2013-08-31 | 1.71% |
| 2013-05-31 | 2.01% |
| 2013-02-28 | 1.99% |
| 2012-11-30 | 1.95% |
| 2012-08-31 | 1.72% |
| 2012-05-31 | 1.53% |
| 2012-02-29 | 1.54% |
| 2011-11-30 | 1.71% |
| 2011-08-31 | 1.83% |
| 2011-05-31 | 2.17% |
| 2011-02-28 | 2.66% |
| 2010-11-30 | 2.72% |
| 2010-08-31 | 2.67% |
| 2010-05-31 | 2.73% |
| 2010-02-28 | 2.34% |
| 2009-11-30 | 2.18% |
| 2009-08-31 | 1.80% |
| 2009-05-31 | 1.95% |
| 2009-02-28 | 2.14% |
| 2008-11-30 | 2.03% |
| 2008-08-31 | 1.77% |
| 2008-05-31 | 1.72% |
| 2008-02-29 | 1.18% |
| 2007-11-30 | 1.35% |
| 2007-08-31 | 1.50% |
| 2007-05-31 | 1.60% |
| 2007-02-28 | 2.88% |
| 2006-11-30 | 2.49% |
| 2006-08-31 | 2.11% |
| 2006-05-31 | 1.93% |
| 2006-02-28 | 2.49% |
| 2005-11-30 | 2.02% |
| 2022 |
| $43.32M |
| $2.41M |
| 5.6% |
| 2021 | $42.16M | $2.39M | 5.7% |
| 2020 | ($16.63M) | $2.42M | N/A (Loss) |
| 2019 | $27.09M | $2.44M | 9.0% |
| 2018 | $85.22M | $2.39M | 2.8% |
| 2017 | $59.65M | $2.36M | 4.0% |
| 2016 | $97.49M | $2.38M | 2.4% |
| 2015 | $106.45M | $2.60M | 2.4% |
| 2014 | $83.38M | $2.92M | 3.5% |
| 2013 | $170.12M | $2.91M | 1.7% |
| 2012 | $159.59M | $2.75M | 1.7% |
| 2011 | $148.47M | $2.72M | 1.8% |
| 2010 | $101.12M | $2.70M | 2.7% |
| 2009 | $125.26M | $2.25M | 1.8% |
| 2008 | $125.69M | $2.22M | 1.8% |
| 2007 | $145.62M | $2.19M | 1.5% |
| 2006 | $102.46M | $2.16M | 2.1% |
| 2005 | $81.55M | $0 | 0.0% |
| 2004 | $37.03M | $0 | 0.0% |
| 2003 | $36.75M | $0 | 0.0% |
| 2002 | $19.70M | $0 | 0.0% |
| 2001 | $88.43M | $0 | 0.0% |
| 2000 | $103.29M | $1.79M | 1.7% |
| 1999 | $84.49M | $2.34M | 2.8% |
| 1998 | $72.84M | $2.56M | 3.5% |
| 1997 | $42.19M | $1.65M | 3.9% |
| 1996 | $10.08M | $1.62M | 16.1% |
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.
