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 5.40% is in line with its 5-year average of 4.97%, near the low end of its 5-year range (0.32%–184.66%).
As of the fiscal period ended Friday, July 31, 2026. 4.08% below its 12-month average of 5.63%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q3 FY2026 (2026-07-31): 5.40%.
FCF PAYOUT RATIO
5.40%
FCF PAYOUT RATIO AVG TTM
5.63%
FCF PAYOUT RATIO AVG 3Y
6.58%
FCF PAYOUT RATIO AVG 5Y
4.97%
FCF PAYOUT RATIO AVG 10Y
4.70%
FCF PAYOUT RATIO AVG 15Y
4.70%
FCF PAYOUT RATIO AVG 20Y
4.32%
CURRENT VS TTM AVG
-4.08%
CURRENT VS 3Y AVG
-17.99%
CURRENT VS 5Y AVG
+8.49%
CURRENT VS 10Y AVG
+14.72%
CURRENT VS 15Y AVG
+14.72%
CURRENT VS 20Y AVG
+25.03%
FCF Payout Ratio TTM
5.4%
Earnings Payout Ratio
221.7%
Dividend Yield
10.62%
FCF Yield
7.43%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $166.18M | $10.68M | 6.4% |
| 2024 | $5.78M | $10.68M | 184.7% |
| 2023 | $416.45M | $10.68M | 2.6% |
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 | 5.40% |
| 2026-04-30 | 3.93% |
| 2026-01-31 | 2.98% |
| 2025-10-31 | 6.42% |
| 2025-07-31 | 9.40% |
| 2025-01-31 | 26.25% |
| 2024-10-31 | 184.66% |
| 2024-07-31 | 32.91% |
| 2024-04-30 | 3.06% |
| 2024-01-31 | 2.99% |
| 2023-10-31 | 2.56% |
| 2023-07-31 | 2.81% |
| 2023-04-30 | 5.53% |
| 2023-01-31 | 7.06% |
| 2022-10-31 | 14.90% |
| 2022-07-31 | 9.80% |
| 2022-04-30 | 4.99% |
| 2022-01-31 | 2.01% |
| 2021-10-31 | 0.40% |
| 2021-07-31 | 0.32% |
| 2021-04-30 | 0.11% |
| 2008-07-31 | 0.42% |
| 2008-04-30 | 1.57% |
| 2008-01-31 | 3.98% |
| 2007-10-31 | 44.13% |
| 2022 |
| $76.87M |
| $11.46M |
| 14.9% |
| 2021 | $204.27M | $0.82M | 0.4% |
| 2020 | $289.45M | $0 | 0.0% |
| 2019 | ($253.13M) | $0 | N/A (Loss) |
| 2018 | ($72.02M) | $0 | N/A (Loss) |
| 2017 | $295.10M | $0 | 0.0% |
| 2016 | $378.99M | $0 | 0.0% |
| 2015 | ($322.59M) | $0 | N/A (Loss) |
| 2014 | ($194.01M) | $0 | N/A (Loss) |
| 2013 | $7.71M | $0 | 0.0% |
| 2012 | ($72.06M) | $0 | N/A (Loss) |
| 2011 | ($208.24M) | $0 | N/A (Loss) |
| 2010 | $30.03M | $0 | 0.0% |
| 2009 | ($30.48M) | $0 | N/A (Loss) |
| 2008 | $456.83M | $0 | 0.0% |
| 2007 | $24.19M | $10.67M | 44.1% |
| 2006 | ($702.22M) | $10.68M | N/A (Loss) |
| 2005 | ($341.62M) | $2.76M | N/A (Loss) |
| 2004 | ($285.11M) | $0 | N/A (Loss) |
| 2003 | ($380.70M) | $0 | N/A (Loss) |
| 2002 | $241.64M | $0 | 0.0% |
| 2001 | $30.29M | $0 | 0.0% |
| 2000 | ($76.25M) | $0 | N/A (Loss) |
| 1999 | $9.88M | $0 | 0.0% |
| 1998 | $59.10M | $0 | 0.0% |
| 1997 | ($35.40M) | $0 | N/A (Loss) |
| 1996 | $31.00M | $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.
