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 32.12% is 56% below its 5-year average of 73.20%, near the low end of its 5-year range (32.12%–321.71%).
As of the fiscal period ended Tuesday, June 30, 2026. 70.03% below its 12-month average of 107.19%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
32.12%
FCF PAYOUT RATIO AVG TTM
107.19%
FCF PAYOUT RATIO AVG 3Y
58.76%
FCF PAYOUT RATIO AVG 5Y
73.20%
FCF PAYOUT RATIO AVG 10Y
106.45%
FCF PAYOUT RATIO AVG 15Y
98.69%
FCF PAYOUT RATIO AVG 20Y
73.57%
CURRENT VS TTM AVG
-70.03%
CURRENT VS 3Y AVG
-45.34%
CURRENT VS 5Y AVG
-56.12%
CURRENT VS 10Y AVG
-69.82%
CURRENT VS 15Y AVG
-67.45%
CURRENT VS 20Y AVG
-56.34%
FCF Payout Ratio TTM
32.1%
Earnings Payout Ratio
N/A
Dividend Yield
2.25%
FCF Yield
7.11%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $116.58M | $100.73M | 86.4% |
| 2024 | $189.59M | $168.46M | 88.9% |
| 2023 | $438.22M | $201.46M | 46.0% |
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 |
|---|---|
| 2026-06-30 | 32.12% |
| 2026-03-31 | 39.48% |
| 2025-12-31 | 56.22% |
| 2025-09-30 | 86.41% |
| 2025-06-30 | 321.71% |
| 2025-03-31 | 179.33% |
| 2024-12-31 | 74.45% |
| 2024-09-30 | 88.85% |
| 2024-06-30 | 76.94% |
| 2024-03-31 | 51.19% |
| 2023-12-31 | 49.58% |
| 2023-09-30 | 45.97% |
| 2023-06-30 | 45.18% |
| 2023-03-31 | 69.81% |
| 2022-12-31 | 106.34% |
| 2021-12-31 | 301.97% |
| 2021-09-30 | 201.01% |
| 2021-06-30 | 96.11% |
| 2021-03-31 | 55.13% |
| 2020-12-31 | 70.18% |
| 2020-09-30 | 65.40% |
| 2020-06-30 | 66.72% |
| 2020-03-31 | 68.49% |
| 2019-12-31 | 69.58% |
| 2019-09-30 | 78.88% |
| 2019-06-30 | 105.08% |
| 2019-03-31 | 206.08% |
| 2018-12-31 | 279.78% |
| 2018-09-30 | 395.69% |
| 2018-06-30 | 515.20% |
| 2017-06-30 | 837.79% |
| 2017-03-31 | 195.22% |
| 2016-12-31 | 103.61% |
| 2016-09-30 | 60.46% |
| 2016-06-30 | 59.07% |
| 2016-03-31 | 54.43% |
| 2015-12-31 | 65.04% |
| 2015-09-30 | 104.59% |
| 2015-06-30 | 180.52% |
| 2015-03-31 | 924.76% |
| 2014-09-30 | 159.62% |
| 2014-06-30 | 110.04% |
| 2014-03-31 | 60.57% |
| 2013-12-31 | 60.68% |
| 2013-09-30 | 49.46% |
| 2013-06-30 | 22.68% |
| 2013-03-31 | 310.79% |
| 2012-12-31 | 65.94% |
| 2012-03-31 | 45.42% |
| 2011-12-31 | 19.84% |
| 2011-09-30 | 9.44% |
| 2011-06-30 | 11.50% |
| 2011-03-31 | 10.40% |
| 2010-12-31 | 11.69% |
| 2010-09-30 | 16.77% |
| 2010-06-30 | 13.46% |
| 2010-03-31 | 18.37% |
| 2009-12-31 | 31.17% |
| 2009-09-30 | 127.44% |
| 2006-03-31 | 46.32% |
| 2005-12-31 | 15.74% |
| 2005-09-30 | 13.45% |
| 2005-06-30 | 13.69% |
| 2005-03-31 | 14.11% |
| 2004-12-31 | 21.91% |
| 2004-09-30 | 34.94% |
| 2022 |
| ($38.63M) |
| $107.39M |
| N/A (Loss) |
| 2021 | $54.29M | $109.13M | 201.0% |
| 2020 | $398.09M | $260.33M | 65.4% |
| 2019 | $397.35M | $313.42M | 78.9% |
| 2018 | $77.95M | $308.43M | 395.7% |
| 2017 | ($40.35M) | $305.51M | N/A (Loss) |
| 2016 | $496.43M | $300.15M | 60.5% |
| 2015 | $285.26M | $298.37M | 104.6% |
| 2014 | $165.63M | $264.39M | 159.6% |
| 2013 | $188.12M | $93.05M | 49.5% |
| 2012 | ($97.35M) | $30.05M | N/A (Loss) |
| 2011 | $283.29M | $26.74M | 9.4% |
| 2010 | $132.72M | $22.25M | 16.8% |
| 2009 | $16.57M | $21.11M | 127.4% |
| 2008 | ($94.81M) | $19.33M | N/A (Loss) |
| 2007 | ($333.15M) | $18.64M | N/A (Loss) |
| 2006 | ($232.51M) | $17.71M | N/A (Loss) |
| 2005 | $125.43M | $16.87M | 13.4% |
| 2004 | $46.43M | $16.22M | 34.9% |
| 2003 | ($149.80M) | $16.03M | N/A (Loss) |
| 2002 | ($110.67M) | $15.22M | N/A (Loss) |
| 2001 | $4.19M | $15.05M | 359.5% |
| 2000 | $69.90M | $14.18M | 20.3% |
| 1999 | $35.70M | $13.80M | 38.7% |
| 1998 | ($152.80M) | $13.80M | N/A (Loss) |
| 1997 | $4.40M | $13.00M | 295.5% |
| 1996 | $14.90M | $12.50M | 83.9% |
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.
