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 10.41% is 48% below its 5-year average of 19.90%, near the low end of its 5-year range (10.41%–254.65%).
As of the fiscal period ended Tuesday, June 30, 2026. 21.56% below its 12-month average of 13.27%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
10.41%
FCF PAYOUT RATIO AVG TTM
13.27%
FCF PAYOUT RATIO AVG 3Y
14.34%
FCF PAYOUT RATIO AVG 5Y
19.90%
FCF PAYOUT RATIO AVG 10Y
24.15%
FCF PAYOUT RATIO AVG 15Y
22.35%
FCF PAYOUT RATIO AVG 20Y
25.53%
CURRENT VS TTM AVG
-21.56%
CURRENT VS 3Y AVG
-27.41%
CURRENT VS 5Y AVG
-47.71%
CURRENT VS 10Y AVG
-56.90%
CURRENT VS 15Y AVG
-53.44%
CURRENT VS 20Y AVG
-59.24%
FCF Payout Ratio TTM
10.4%
Earnings Payout Ratio
14.5%
Dividend Yield
0.51%
FCF Yield
4.79%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $227.10M | $34.10M | 15.0% |
| 2024 | $190.70M | $29.30M | 15.4% |
| 2023 | $164.10M | $23.80M | 14.5% |
| 2022 | $18.80M | $21.80M | 116.0% |
| 2021 | $64.40M | $22.00M | 34.2% |
| 2020 | $106.50M | $19.40M | 18.2% |
| 2019 | $67.70M | $19.30M | 28.5% |
| 2018 | $78.70M | $18.70M | 23.8% |
| 2017 | $64.80M | $16.80M | 25.9% |
| 2016 | $18.60M | $16.90M | 90.9% |
| 2015 | $87.60M | $15.60M | 17.8% |
| 2014 | $52.80M | $5.60M | 10.6% |
| 2013 | $57.80M | $0 | 0.0% |
| 2012 | $10.20M | $0 | 0.0% |
| 2011 | ($9.40M) | $3.70M | N/A (Loss) |
| 2010 | $18.40M | $13.30M | 72.3% |
| 2009 | $47.80M | $11.70M | 24.5% |
| 2008 | $95.20M | $11.50M | 12.1% |
| 2007 | $41.90M | $11.50M | 27.4% |
| 2006 | $11.50M | $11.50M | 100.0% |
| 2005 | $53.40M | $13.50M | 25.3% |
| 2004 | $32.00M | $19.30M | 60.3% |
| 2003 | $57.53M | $38.33M | 66.6% |
| 2002 | $68.21M | $35.98M | 52.8% |
| 2001 | $76.69M | $35.15M | 45.8% |
| 2000 | $42.10M | $34.53M | 82.0% |
| 1999 | ($24.60M) | $33.60M | N/A (Loss) |
| 1998 | $55.10M | $32.10M | 58.3% |
| 1997 | $44.60M | $29.30M | 65.7% |
| 1996 | $44.50M | $25.50M | 57.3% |
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 |
|---|---|
| 2026-06-30 | 10.41% |
| 2026-03-31 | 11.94% |
| 2025-12-31 | 15.02% |
| 2025-09-30 | 14.97% |
| 2025-06-30 | 14.00% |
| 2025-03-31 | 15.38% |
| 2024-12-31 | 15.36% |
| 2024-09-30 | 13.84% |
| 2024-06-30 | 14.58% |
| 2024-03-31 | 13.77% |
| 2023-12-31 | 14.50% |
| 2023-09-30 | 22.74% |
| 2023-06-30 | 34.51% |
| 2023-03-31 | 46.78% |
| 2022-12-31 | 115.96% |
| 2022-09-30 | 254.65% |
| 2022-06-30 | 143.14% |
| 2022-03-31 | 137.50% |
| 2021-12-31 | 34.16% |
| 2021-09-30 | 22.81% |
| 2021-06-30 | 23.58% |
| 2021-03-31 | 15.17% |
| 2020-12-31 | 18.22% |
| 2020-09-30 | 22.55% |
| 2020-06-30 | 19.40% |
| 2020-03-31 | 25.16% |
| 2019-12-31 | 28.51% |
| 2019-09-30 | 35.66% |
| 2019-06-30 | 30.02% |
| 2019-03-31 | 33.22% |
| 2018-12-31 | 23.76% |
| 2018-09-30 | 22.44% |
| 2018-06-30 | 32.95% |
| 2018-03-31 | 28.24% |
| 2017-12-31 | 25.93% |
| 2017-09-30 | 32.24% |
| 2017-06-30 | 27.93% |
| 2017-03-31 | 43.52% |
| 2016-12-31 | 90.86% |
| 2016-09-30 | 41.20% |
| 2016-06-30 | 24.78% |
| 2016-03-31 | 20.20% |
| 2015-12-31 | 17.81% |
| 2015-09-30 | 16.17% |
| 2015-06-30 | 18.48% |
| 2015-03-31 | 14.53% |
| 2014-12-31 | 10.61% |
| 2014-09-30 | 5.41% |
| 2014-06-30 | 2.52% |
| 2012-03-31 | 0.78% |
| 2011-09-30 | 101.49% |
| 2011-06-30 | 52.50% |
| 2011-03-31 | 162.07% |
| 2010-12-31 | 72.28% |
| 2010-09-30 | 61.19% |
| 2010-06-30 | 60.58% |
| 2010-03-31 | 38.06% |
| 2009-12-31 | 24.48% |
| 2009-09-30 | 89.92% |
| 2009-06-30 | 30.67% |
| 2009-03-31 | 12.03% |
| 2008-12-31 | 12.08% |
| 2008-09-30 | 8.79% |
| 2008-06-30 | 10.70% |
| 2008-03-31 | 19.59% |
| 2007-12-31 | 27.45% |
| 2007-09-30 | 33.83% |
| 2007-06-30 | 45.42% |
| 2007-03-31 | 143.75% |
| 2006-12-31 | 100.00% |
| 2006-09-30 | 42.18% |
| 2006-06-30 | 55.50% |
| 2006-03-31 | 39.32% |
| 2005-12-31 | 25.28% |
| 2005-10-01 | 21.83% |
| 2005-07-02 | 23.56% |
| 2005-03-31 | 39.85% |
| 2004-12-31 | 60.31% |
| 2004-03-31 | 80.20% |
| 2003-12-31 | 66.63% |
| 2003-09-30 | 77.49% |
| 2003-06-30 | 64.38% |
