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 4.63% is 107% above its 5-year average of 2.24%, near the high end of its 5-year range (0.82%–5.03%).
As of the fiscal period ended Friday, July 31, 2026. 23.36% above its 12-month average of 3.75%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2027 (2026-07-31): 4.63%.
FCF PAYOUT RATIO
4.63%
FCF PAYOUT RATIO AVG TTM
3.75%
FCF PAYOUT RATIO AVG 3Y
3.75%
FCF PAYOUT RATIO AVG 5Y
2.24%
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+23.36%
CURRENT VS 3Y AVG
+23.36%
CURRENT VS 5Y AVG
+106.85%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
4.6%
Earnings Payout Ratio
13.2%
Dividend Yield
1.48%
FCF Yield
23.82%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $263.92M | $4.22M | 1.6% |
| 2025 | $273.11M | $0 | 0.0% |
| 2024 | $562.90M | $0 | 0.0% |
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 |
|---|---|
| 2026-07-31 | 4.63% |
| 2026-04-30 | 5.03% |
| 2026-01-31 | 1.60% |
| 2022-04-30 | 0.82% |
| 2022-01-31 | 0.88% |
| 2021-10-31 | 1.50% |
| 2021-07-31 | 1.21% |
| 2021-04-30 | 1.30% |
| 2021-01-31 | 7.18% |
| 2020-10-31 | 1.32% |
| 2020-07-31 | 1.00% |
| 2020-04-30 | 2.91% |
| 2020-01-31 | 2.18% |
| 2019-10-31 | 2.57% |
| 2019-07-31 | 10.22% |
| 2019-04-30 | 2.99% |
| 2018-10-31 | 6.31% |
| 2018-07-31 | 4.88% |
| 2018-04-30 | 6.56% |
| 2018-01-31 | 7.90% |
| 2023 |
| ($126.21M) |
| $0 |
| N/A (Loss) |
| 2022 | $154.29M | $0 | 0.0% |
| 2021 | $54.63M | $2.69M | 4.9% |
| 2020 | $168.93M | $3.67M | 2.2% |
| 2019 | $74.62M | $0 | 0.0% |
| 2018 | $45.23M | $3.58M | 7.9% |
| 2017 | $80.77M | $0 | 0.0% |
| 2016 | $22.00M | $0 | 0.0% |
| 2015 | $39.03M | $0 | 0.0% |
| 2014 | $55.31M | $0 | 0.0% |
| 2013 | $42.88M | $0 | 0.0% |
| 2012 | ($10.63M) | $0 | N/A (Loss) |
| 2011 | ($48.06M) | $0 | N/A (Loss) |
| 2010 | $42.52M | $0 | 0.0% |
| 2009 | $20.11M | $0 | 0.0% |
| 2008 | $9.18M | $0 | 0.0% |
| 2007 | ($3.88M) | $0 | N/A (Loss) |
| 2006 | $2.26M | $0 | 0.0% |
| 2005 | ($0.68M) | $0 | N/A (Loss) |
| 2004 | $12.16M | $0 | 0.0% |
| 2003 | $1.46M | $0 | 0.0% |
| 2002 | ($4.94M) | $0 | N/A (Loss) |
| 2001 | $1.38M | $0 | 0.0% |
| 2000 | $5.89M | $0 | 0.0% |
| 1999 | $0.60M | $0 | 0.0% |
| 1998 | ($6.30M) | $0 | N/A (Loss) |
| 1997 | $5.40M | $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.
