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 32.02% is 36% above its 3-year average of 23.46%, near the low end of its 3-year range (13.33%–126.14%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.43% above its 12-month average of 28.23%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 32.02%.
FCF PAYOUT RATIO
32.02%
FCF PAYOUT RATIO AVG TTM
28.23%
FCF PAYOUT RATIO AVG 3Y
23.46%
FCF PAYOUT RATIO AVG 5Y
23.46%
FCF PAYOUT RATIO AVG 10Y
49.13%
FCF PAYOUT RATIO AVG 15Y
49.03%
FCF PAYOUT RATIO AVG 20Y
47.89%
CURRENT VS TTM AVG
+13.43%
CURRENT VS 3Y AVG
+36.50%
CURRENT VS 5Y AVG
+36.50%
CURRENT VS 10Y AVG
-34.82%
CURRENT VS 15Y AVG
-34.68%
CURRENT VS 20Y AVG
-33.13%
FCF Payout Ratio TTM
32.0%
Earnings Payout Ratio
36.5%
Dividend Yield
3.18%
FCF Yield
10.12%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $28.50M | $8.28M | 29.0% |
| 2024 | $34.01M | $8.31M | 24.4% |
| 2023 | $46.24M | $6.18M | 13.4% |
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 | 32.02% |
| 2026-03-31 | 27.07% |
| 2025-12-31 | 29.04% |
| 2025-09-30 | 31.18% |
| 2025-06-30 | 21.85% |
| 2025-03-31 | 22.08% |
| 2024-12-31 | 24.42% |
| 2024-09-30 | 14.69% |
| 2024-06-30 | 13.33% |
| 2024-03-31 | 14.70% |
| 2023-12-31 | 13.36% |
| 2023-09-30 | 20.48% |
| 2023-06-30 | 40.78% |
| 2023-03-31 | 58.91% |
| 2022-12-31 | 126.14% |
| 2020-10-03 | 44.71% |
| 2020-07-11 | 23.17% |
| 2020-03-21 | 40.35% |
| 2019-12-31 | 52.00% |
| 2019-10-05 | 122.74% |
| 2018-12-31 | 195.63% |
| 2018-10-06 | 92.62% |
| 2018-07-14 | 77.61% |
| 2018-03-24 | 80.32% |
| 2017-12-31 | 62.22% |
| 2017-10-07 | 40.95% |
| 2017-07-15 | 44.58% |
| 2017-03-25 | 45.27% |
| 2016-12-31 | 66.02% |
| 2016-10-01 | 68.53% |
| 2016-07-09 | 122.75% |
| 2016-03-19 | 68.49% |
| 2015-12-31 | 58.41% |
| 2015-10-03 | 63.84% |
| 2015-07-11 | 45.59% |
| 2015-03-21 | 61.50% |
| 2014-12-31 | 33.69% |
| 2014-10-04 | 47.81% |
| 2014-07-12 | 38.34% |
| 2014-03-22 | 43.26% |
| 2013-12-31 | 76.59% |
| 2013-10-05 | 320.93% |
| 2013-07-13 | 96.49% |
| 2013-03-23 | 37.26% |
| 2012-12-31 | 75.19% |
| 2012-10-06 | 24.93% |
| 2012-07-14 | 20.08% |
| 2012-03-24 | 32.28% |
| 2011-12-31 | 9.71% |
| 2011-07-09 | 45.97% |
| 2011-03-19 | 260.12% |
| 2010-12-31 | 18.17% |
| 2008-10-04 | 337.87% |
| 2008-03-22 | 49.10% |
| 2007-12-31 | 42.98% |
| 2006-07-15 | 26.77% |
| 2006-03-25 | 19.44% |
| 2005-12-31 | 12.08% |
| 2005-10-01 | 14.05% |
| 2005-07-09 | 11.47% |
| 2005-03-19 | 15.01% |
| 2004-12-31 | 12.01% |
| 2004-10-02 | 10.72% |
| 2004-07-10 | 10.29% |
| 2004-03-20 | 27.66% |
| 2022 |
| $6.41M |
| $8.15M |
| 127.1% |
| 2021 | ($8.62M) | $7.69M | N/A (Loss) |
| 2020 | ($2.82M) | $7.47M | N/A (Loss) |
| 2019 | $13.85M | $7.20M | 52.0% |
| 2018 | $3.69M | $7.21M | 195.6% |
| 2017 | $10.62M | $6.61M | 62.2% |
| 2016 | $9.52M | $6.28M | 66.0% |
| 2015 | $10.40M | $6.07M | 58.4% |
| 2014 | $15.71M | $5.29M | 33.7% |
| 2013 | $6.04M | $4.62M | 76.6% |
| 2012 | $4.13M | $5.08M | 122.8% |
| 2011 | $0.21M | $3.21M | n/m |
| 2010 | $7.07M | $1.28M | 18.2% |
| 2009 | $16.42M | $0 | 0.0% |
| 2008 | ($11.40M) | $3.17M | N/A (Loss) |
| 2007 | $11.92M | $2.87M | 24.0% |
| 2006 | $17.22M | $2.60M | 15.1% |
| 2005 | $16.24M | $1.96M | 12.1% |
| 2004 | $12.95M | $1.56M | 12.0% |
| 2003 | $23.96M | $0 | 0.0% |
| 2002 | $0.79M | $0 | 0.0% |
| 2001 | $16.88M | $0 | 0.0% |
| 2000 | $10.62M | $0 | 0.0% |
| 1999 | $13.80M | $3.10M | 22.5% |
| 1998 | $7.50M | $0 | 0.0% |
| 1997 | $7.20M | $0.10M | 1.4% |
| 1996 | $13.40M | $0.20M | 1.5% |
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.
