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 22.62% is 28% below its 3-year average of 31.57%, near the low end of its 3-year range (3.30%–103.64%).
As of the fiscal period ended Tuesday, June 30, 2026. 67.14% below its 12-month average of 68.84%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
22.62%
FCF PAYOUT RATIO AVG TTM
68.84%
FCF PAYOUT RATIO AVG 3Y
31.57%
FCF PAYOUT RATIO AVG 5Y
31.57%
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
-67.14%
CURRENT VS 3Y AVG
-28.36%
CURRENT VS 5Y AVG
-28.36%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
22.6%
Earnings Payout Ratio
N/A
Dividend Yield
0.34%
FCF Yield
1.47%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $159.00M | $57.00M | 35.8% |
| 2024 | $463.00M | $60.00M | 13.0% |
| 2023 | $602.00M | $47.00M | 7.8% |
| 2022 | $473.00M | $0 | 0.0% |
| 2021 | $204.00M | $0 | 0.0% |
| 2020 | ($733.00M) | $20.00M | N/A (Loss) |
| 2019 | $27.00M | $80.00M | 296.3% |
| 2018 | $44.00M | $68.00M | 154.5% |
| 2017 | $289.00M | $0 | 0.0% |
| 2016 | $251.00M | $0 | 0.0% |
| 2015 | $269.00M | $0 | 0.0% |
| 2014 | ($650.00M) | $0 | N/A (Loss) |
| 2013 | ($274.00M) | $0 | N/A (Loss) |
| 2012 | $154.00M | $0 | 0.0% |
| 2011 | $27.00M | $0 | 0.0% |
| 2010 | ($70.00M) | $0 | N/A (Loss) |
| 2009 | ($49.00M) | $1.00M | N/A (Loss) |
| 2008 | $5.00M | $2.00M | 40.0% |
| 2007 | ($231.00M) | $1.00M | N/A (Loss) |
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 | 22.62% |
| 2026-03-31 | 93.44% |
| 2025-12-31 | 53.27% |
| 2025-09-30 | 103.64% |
| 2025-06-30 | 71.25% |
| 2025-03-31 | 15.61% |
| 2024-12-31 | 9.78% |
| 2024-09-30 | 7.89% |
| 2024-06-30 | 7.37% |
| 2024-03-31 | 7.85% |
| 2023-12-31 | 7.98% |
| 2023-09-30 | 6.48% |
| 2023-06-30 | 3.30% |
| 2019-12-31 | 296.30% |
| 2019-09-30 | 55.47% |
| 2019-06-30 | 43.45% |
| 2018-12-31 | 154.55% |
