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 15.89% is 11% below its 4-year average of 17.76%, around the middle of its 4-year range (4.07%–37.88%).
As of the fiscal period ended Tuesday, June 30, 2026. 25.81% above its 12-month average of 12.63%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 15.89%.
FCF PAYOUT RATIO
15.89%
FCF PAYOUT RATIO AVG TTM
12.63%
FCF PAYOUT RATIO AVG 3Y
14.61%
FCF PAYOUT RATIO AVG 5Y
N/A
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
+25.81%
CURRENT VS 3Y AVG
+8.77%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
15.9%
Earnings Payout Ratio
17.5%
Dividend Yield
1.20%
FCF Yield
7.50%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $341.00M | $52.00M | 15.2% |
| 2024 | $317.00M | $0 | 0.0% |
| 2023 | $382.00M | $42.00M | 11.0% |
| 2022 | $284.00M | $83.00M | 29.2% |
| 2021 | ($382.00M) | $0 | N/A (Loss) |
| 2020 | ($55.00M) | $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 |
|---|---|
| 2026-06-30 | 15.89% |
| 2026-03-31 | 14.74% |
| 2025-12-31 | 15.25% |
| 2025-09-30 | 9.68% |
| 2025-06-30 | 7.60% |
| 2025-03-31 | 4.07% |
| 2023-12-31 | 10.99% |
| 2023-09-30 | 20.80% |
| 2023-06-30 | 32.47% |
| 2023-03-31 | 37.88% |
| 2022-12-31 | 29.23% |
| 2022-09-30 | 14.48% |
| N/A (Loss) |
| 2019 | $140.00M | $0 | 0.0% |
| 2018 | $278.00M | $0 | 0.0% |
| 2017 | ($32.00M) | $0 | N/A (Loss) |
| 2016 | $221.00M | $0 | 0.0% |
| 2015 | $317.00M | $0 | 0.0% |
