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 239.52% is 396% above its 5-year average of 48.27%, around the middle of its 5-year range (0.01%–370.84%).
As of the fiscal period ended Tuesday, June 30, 2026. 153.01% above its 12-month average of 94.67%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 239.52%.
FCF PAYOUT RATIO
239.52%
FCF PAYOUT RATIO AVG TTM
94.67%
FCF PAYOUT RATIO AVG 3Y
61.44%
FCF PAYOUT RATIO AVG 5Y
48.27%
FCF PAYOUT RATIO AVG 10Y
44.90%
FCF PAYOUT RATIO AVG 15Y
58.48%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+153.01%
CURRENT VS 3Y AVG
+289.82%
CURRENT VS 5Y AVG
+396.20%
CURRENT VS 10Y AVG
+433.44%
CURRENT VS 15Y AVG
+309.59%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
239.5%
Earnings Payout Ratio
127.0%
Dividend Yield
1.66%
FCF Yield
1.02%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $119.90M | $64.93M | 54.2% |
| 2024 | $102.77M | $50.90M | 49.5% |
| 2023 | $129.35M | $83.87M | 64.8% |
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 | 239.52% |
| 2026-03-31 | 93.58% |
| 2025-12-31 | 54.67% |
| 2025-09-30 | 46.96% |
| 2025-06-30 | 38.62% |
| 2025-03-31 | 51.18% |
| 2024-12-31 | 49.61% |
| 2024-09-30 | 41.13% |
| 2024-06-30 | 58.60% |
| 2024-03-31 | 70.06% |
| 2023-12-31 | 64.89% |
| 2023-09-30 | 106.58% |
| 2023-06-30 | 370.84% |
| 2023-03-31 | 327.19% |
| 2022-12-31 | 305.21% |
| 2022-09-30 | 87.13% |
| 2022-06-30 | 15.16% |
| 2022-03-31 | 12.17% |
| 2021-12-31 | 12.49% |
| 2021-09-30 | 17.78% |
| 2021-06-30 | 0.01% |
| 2021-03-31 | 0.00% |
| 2020-12-31 | 0.00% |
| 2020-09-30 | 0.01% |
| 2017-09-30 | 98.32% |
| 2017-06-30 | 61.64% |
| 2017-03-31 | 36.78% |
| 2016-12-31 | 29.19% |
| 2016-09-30 | 41.38% |
| 2016-06-30 | 79.51% |
| 2016-03-31 | 137.33% |
| 2015-12-31 | 409.37% |
| 2015-09-30 | 193.50% |
| 2015-06-30 | 128.80% |
| 2015-03-31 | 65.18% |
| 2014-12-31 | 55.61% |
| 2014-09-30 | 112.89% |
| 2014-06-30 | 97.06% |
| 2014-03-31 | 266.66% |
| 2013-12-31 | 124.75% |
| 2013-09-30 | 47.14% |
| 2013-06-30 | 18.60% |
| 2013-03-31 | 15.64% |
| 2012-12-31 | 23.42% |
| 2012-09-30 | 93.28% |
| 2011-06-30 | 944.26% |
| 2011-03-31 | 253.21% |
| 2010-12-31 | 87.39% |
| 2022 |
| $70.78M |
| $217.87M |
| 307.8% |
| 2021 | $380.25M | $47.42M | 12.5% |
| 2020 | $96.74M | $0.00M | 0.0% |
| 2019 | ($38.42M) | $0 | N/A (Loss) |
| 2018 | ($46.59M) | $17.21M | N/A (Loss) |
| 2017 | ($10.43M) | $41.28M | N/A (Loss) |
| 2016 | $76.77M | $22.35M | 29.1% |
| 2015 | $12.55M | $51.36M | 409.4% |
| 2014 | $82.79M | $46.04M | 55.6% |
| 2013 | $33.98M | $42.39M | 124.8% |
| 2012 | $45.61M | $10.68M | 23.4% |
| 2011 | $24.59M | $21.22M | 86.3% |
| 2010 | $50.46M | $44.10M | 87.4% |
| 2009 | $63.17M | $55.50M | 87.8% |
| 2008 | $119.01M | $66.82M | 56.1% |
| 2007 | $58.16M | $39.71M | 68.3% |
| 2006 | $11.87M | $0 | 0.0% |
| 2005 | ($2.27M) | $13.56M | N/A (Loss) |
| 2004 | ($8.69M) | $0 | N/A (Loss) |
| 2003 | ($1.59M) | $0 | N/A (Loss) |
| 2002 | ($3.88M) | $0 | 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.
