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 28.25% is 31% below its 5-year average of 41.20%, near the low end of its 5-year range (0.77%–269.27%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.30% below its 12-month average of 34.16%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 28.25%.
FCF PAYOUT RATIO
28.25%
FCF PAYOUT RATIO AVG TTM
34.16%
FCF PAYOUT RATIO AVG 3Y
92.17%
FCF PAYOUT RATIO AVG 5Y
41.20%
FCF PAYOUT RATIO AVG 10Y
28.27%
FCF PAYOUT RATIO AVG 15Y
40.28%
FCF PAYOUT RATIO AVG 20Y
50.36%
CURRENT VS TTM AVG
-17.30%
CURRENT VS 3Y AVG
-69.35%
CURRENT VS 5Y AVG
-31.44%
CURRENT VS 10Y AVG
-0.07%
CURRENT VS 15Y AVG
-29.88%
CURRENT VS 20Y AVG
-43.91%
FCF Payout Ratio TTM
28.2%
Earnings Payout Ratio
15.7%
Dividend Yield
4.18%
FCF Yield
17.39%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $64.08M | $18.96M | 29.6% |
| 2024 | ($50.76M) | $16.84M | N/A (Loss) |
| 2023 | $17.71M | $13.98M | 78.9% |
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 | 28.25% |
| 2026-03-31 | 18.18% |
| 2025-12-31 | 29.58% |
| 2025-09-30 | 45.21% |
| 2025-06-30 | 49.57% |
| 2024-03-31 | 136.37% |
| 2023-12-31 | 78.93% |
| 2023-09-30 | 269.27% |
| 2023-06-30 | 174.18% |
| 2022-12-31 | 46.19% |
| 2022-03-31 | 17.60% |
| 2021-09-30 | 2.58% |
| 2021-06-30 | 0.77% |
| 2021-03-31 | 4.15% |
| 2020-12-31 | 18.21% |
| 2013-06-30 | 65.43% |
| 2013-03-31 | 47.96% |
| 2012-12-31 | 52.24% |
| 2012-09-30 | 44.28% |
| 2012-06-30 | 40.20% |
| 2012-03-31 | 50.41% |
| 2011-12-31 | 48.75% |
| 2011-09-30 | 66.93% |
| 2011-06-30 | 90.55% |
| 2008-12-31 | 119.63% |
| 2006-09-30 | 102.10% |
| 2006-06-30 | 54.90% |
| 2022 |
| $23.39M |
| $10.80M |
| 46.2% |
| 2021 | ($21.49M) | $0.42M | N/A (Loss) |
| 2020 | $1.76M | $0.32M | 18.2% |
| 2019 | ($52.58M) | $1.03M | N/A (Loss) |
| 2018 | ($1.48M) | $0 | N/A (Loss) |
| 2017 | ($28.16M) | $0 | N/A (Loss) |
| 2016 | ($28.16M) | $0 | N/A (Loss) |
| 2015 | ($18.75M) | $0 | N/A (Loss) |
| 2014 | ($37.69M) | $0.01M | N/A (Loss) |
| 2013 | ($1.98M) | $2.09M | N/A (Loss) |
| 2012 | $8.51M | $4.45M | 52.2% |
| 2011 | $17.05M | $8.44M | 49.5% |
| 2010 | ($3.37M) | $6.86M | N/A (Loss) |
| 2009 | ($54.39M) | $10.85M | N/A (Loss) |
| 2008 | $28.88M | $34.55M | 119.6% |
| 2007 | ($100.54M) | $20.28M | N/A (Loss) |
| 2006 | ($32.86M) | $9.47M | N/A (Loss) |
| 2005 | ($0.23M) | $46.88M | N/A (Loss) |
| 2004 | $34.21M | $26.96M | 78.8% |
| 2003 | $10.96M | $0 | 0.0% |
| 2002 | $5.63M | $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.
