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 56.46% is 15% above its 5-year average of 49.01%, around the middle of its 5-year range (36.69%–66.93%).
As of the fiscal period ended Friday, July 3, 2026. 8.42% above its 12-month average of 52.08%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
56.46%
FCF PAYOUT RATIO AVG TTM
52.08%
FCF PAYOUT RATIO AVG 3Y
46.65%
FCF PAYOUT RATIO AVG 5Y
49.01%
FCF PAYOUT RATIO AVG 10Y
43.11%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+8.42%
CURRENT VS 3Y AVG
+21.05%
CURRENT VS 5Y AVG
+15.20%
CURRENT VS 10Y AVG
+30.96%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
56.5%
Earnings Payout Ratio
58.6%
Dividend Yield
1.71%
FCF Yield
3.11%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $122.34M | $61.54M | 50.3% |
| 2025 | $137.60M | $58.21M | 42.3% |
| 2023 | $111.00M | $54.04M | 48.7% |
| 2022 | $81.76M | $49.24M | 60.2% |
| 2021 | $98.33M | $39.77M | 40.5% |
| 2021 | $117.74M | $43.20M | 36.7% |
| 2019 | $85.02M | $33.50M | 39.4% |
| 2018 | $74.89M | $27.22M | 36.3% |
| 2017 | $63.11M | $21.84M | 34.6% |
| 2016 | $52.55M | $18.78M | 35.7% |
| 2015 | $55.11M | $15.65M | 28.4% |
| 2014 | $43.30M | $13.06M | 30.2% |
| 2013 | $55.57M | $7.93M | 14.3% |
| 2012 | $43.56M | $0 | 0.0% |
| 2011 | $42.76M | $0 | 0.0% |
| 2010 | $33.58M | $0 | 0.0% |
| 2009 | $24.80M | $0 | 0.0% |
| 2008 | $30.72M | $0 | 0.0% |
| 2007 | $23.27M | $0 | 0.0% |
| 2006 | $16.38M | $0 | 0.0% |
| 2005 | $10.80M | $0 | 0.0% |
| 2004 | $13.42M | $0 | 0.0% |
| 2003 | $19.35M | $0 | 0.0% |
| 2002 | $14.13M | $0 | 0.0% |
| 2001 | $2.58M | $0 | 0.0% |
| 2000 | $12.36M | $0 | 0.0% |
| 1999 | $5.66M | $0 | 0.0% |
| 1998 | ($4.60M) | $0 | N/A (Loss) |
| 1997 | ($0.60M) | $0 | N/A (Loss) |
| 1996 | $1.40M | $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.
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 |
|---|---|
| 2026-07-03 | 56.46% |
| 2026-04-03 | 54.46% |
| 2026-01-02 | 50.30% |
| 2025-10-03 | 49.53% |
| 2025-07-04 | 49.63% |
| 2025-04-04 | 43.97% |
| 2025-01-03 | 42.31% |
| 2024-09-27 | 37.22% |
| 2024-06-28 | 38.85% |
| 2024-03-29 | 41.66% |
| 2023-12-29 | 48.69% |
| 2023-09-29 | 66.93% |
| 2023-06-30 | 60.16% |
| 2023-03-31 | 65.38% |
| 2022-12-31 | 60.22% |
| 2022-09-30 | 49.01% |
| 2022-07-01 | 48.39% |
| 2022-04-01 | 39.79% |
| 2021-12-31 | 36.69% |
| 2021-10-01 | 40.60% |
| 2021-07-02 | 38.96% |
| 2021-04-02 | 36.89% |
| 2020-12-31 | 40.45% |
| 2020-10-02 | 35.37% |
| 2020-07-03 | 35.17% |
| 2020-04-03 | 40.10% |
| 2019-12-31 | 39.41% |
| 2019-09-27 | 42.31% |
| 2019-06-28 | 44.52% |
| 2019-03-29 | 48.02% |
| 2018-12-31 | 36.35% |
| 2018-09-28 | 34.94% |
| 2018-06-29 | 36.45% |
| 2018-03-30 | 37.12% |
| 2017-12-31 | 34.60% |
| 2017-09-29 | 40.44% |
| 2017-06-30 | 36.14% |
| 2017-03-31 | 38.57% |
| 2016-12-31 | 35.74% |
| 2016-09-30 | 36.58% |
| 2016-07-01 | 32.27% |
| 2016-04-01 | 30.74% |
| 2015-12-31 | 28.39% |
| 2015-10-02 | 29.35% |
| 2015-07-03 | 30.39% |
| 2015-04-03 | 26.78% |
| 2014-12-31 | 30.15% |
| 2014-10-03 | 24.34% |
| 2014-07-04 | 20.42% |
| 2014-04-04 | 16.65% |
| 2013-12-31 | 14.27% |
| 2013-09-27 | 10.92% |
| 2013-06-28 | 10.23% |
| 2013-03-29 | 5.03% |
