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 0.09% is 73% below its 3-year average of 0.33%, near the low end of its 3-year range (0.04%–1.95%).
As of the fiscal period ended Tuesday, March 31, 2026. 5.72% below its 12-month average of 0.09%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
0.09%
FCF PAYOUT RATIO AVG TTM
0.09%
FCF PAYOUT RATIO AVG 3Y
0.33%
FCF PAYOUT RATIO AVG 5Y
0.33%
FCF PAYOUT RATIO AVG 10Y
0.10%
FCF PAYOUT RATIO AVG 15Y
0.31%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-5.72%
CURRENT VS 3Y AVG
-72.87%
CURRENT VS 5Y AVG
-72.87%
CURRENT VS 10Y AVG
-9.36%
CURRENT VS 15Y AVG
-71.84%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
0.1%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
2.76%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $268.13M | $0.29M | 0.1% |
| 2024 | $604.57M | $0.27M | 0.0% |
| 2023 | $392.61M | $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 |
|---|---|
| 2026-03-31 | 0.09% |
| 2025-12-31 | 0.11% |
| 2025-09-30 | 0.13% |
| 2025-06-30 | 0.10% |
| 2025-03-31 | 0.04% |
| 2024-12-31 | 0.04% |
| 2023-09-30 | 0.15% |
| 2023-06-30 | 1.95% |
| 2020-09-30 | 0.07% |
| 2020-06-30 | 0.08% |
| 2020-03-31 | 0.11% |
| 2019-12-31 | 0.11% |
| 2019-09-30 | 0.18% |
| 2019-06-30 | 0.26% |
| 2019-03-31 | 0.18% |
| 2018-12-31 | 0.31% |
| 2018-09-30 | 0.13% |
| 2018-06-30 | 0.13% |
| 2018-03-31 | 0.12% |
| 2016-12-31 | 0.03% |
| 2016-09-30 | 0.04% |
| 2016-06-30 | 0.04% |
| 2016-03-31 | 0.06% |
| 2015-12-31 | 0.91% |
| 2015-09-30 | 1.05% |
| 2015-06-30 | 1.08% |
| 2015-03-31 | 0.97% |
| 2014-12-31 | 0.41% |
| 2014-09-30 | 0.34% |
| 2014-06-30 | 0.20% |
| 2014-03-31 | 150.50% |
| 2013-12-31 | 149.86% |
| 2013-09-30 | 144.08% |
| 2013-06-30 | 153.82% |
| 2013-03-31 | 193.16% |
| 2012-12-31 | 189.65% |
| 2012-09-30 | 214.05% |
| 2012-06-30 | 215.90% |
| 2022 |
| ($27.67M) |
| $0.31M |
| N/A (Loss) |
| 2021 | $301.16M | $0 | 0.0% |
| 2020 | $424.40M | $0 | 0.0% |
| 2019 | $248.09M | $0.28M | 0.1% |
| 2018 | $199.63M | $0.31M | 0.2% |
| 2017 | $227.85M | $0 | 0.0% |
| 2016 | $222.94M | $0.08M | 0.0% |
| 2015 | $157.97M | $1.44M | 0.9% |
| 2014 | $218.30M | $0.90M | 0.4% |
| 2013 | $229.17M | $343.43M | 149.9% |
| 2012 | $213.20M | $404.33M | 189.6% |
| 2011 | $157.65M | $0 | 0.0% |
| 2010 | $104.85M | $0 | 0.0% |
| 2009 | $70.08M | $0 | 0.0% |
| 2008 | $5.04M | $0 | 0.0% |
| 2007 | $25.32M | $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.
