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 26.46% is 63% above its 2-year average of 16.26%, near the high end of its 2-year range (2.70%–26.46%).
As of the fiscal period ended Tuesday, September 30, 2025. 26.11% above its 12-month average of 20.98%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q3 FY2025 (2025-09-30): 26.46%.
FCF PAYOUT RATIO
26.46%
FCF PAYOUT RATIO AVG TTM
20.98%
FCF PAYOUT RATIO AVG 3Y
16.26%
FCF PAYOUT RATIO AVG 5Y
16.26%
FCF PAYOUT RATIO AVG 10Y
10.35%
FCF PAYOUT RATIO AVG 15Y
10.35%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+26.11%
CURRENT VS 3Y AVG
+62.74%
CURRENT VS 5Y AVG
+62.74%
CURRENT VS 10Y AVG
+155.59%
CURRENT VS 15Y AVG
+155.59%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
26.5%
Earnings Payout Ratio
28.9%
Dividend Yield
1.74%
FCF Yield
6.65%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2024 | $143.57M | $30.25M | 21.1% |
| 2023 | $282.09M | $0 | 0.0% |
| 2022 | $239.02M | $0 | 0.0% |
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 |
|---|---|
| 2025-09-30 | 26.46% |
| 2025-06-30 | 23.93% |
| 2025-03-31 | 22.92% |
| 2024-12-31 | 21.07% |
| 2024-09-30 | 10.54% |
| 2024-06-30 | 6.20% |
| 2024-03-31 | 2.70% |
| 2019-06-30 | 0.00% |
| 2019-03-31 | 0.01% |
| 2018-12-31 | 0.03% |
| 2018-09-30 | 0.03% |
| 2010-06-30 | 0.00% |
| 2010-03-31 | 0.00% |
| 2009-12-31 | 0.00% |
| 2009-09-30 | 0.00% |
| 2009-06-30 | 0.00% |
| 2009-03-31 | 0.00% |
| 2021 |
| $119.88M |
| $0 |
| 0.0% |
| 2020 | $59.65M | $0 | 0.0% |
| 2019 | $159.66M | $0 | 0.0% |
| 2018 | $11.05M | $0 | 0.0% |
| 2017 | $50.68M | $0 | 0.0% |
| 2016 | ($4.94M) | $0 | N/A (Loss) |
| 2015 | $88.66M | $0 | 0.0% |
| 2014 | ($20.63M) | $0 | N/A (Loss) |
| 2013 | $6.50M | $0 | 0.0% |
| 2012 | $36.03M | $0 | 0.0% |
| 2011 | $19.86M | $0 | 0.0% |
| 2010 | $12.04M | $0 | 0.0% |
| 2009 | $40.98M | $0 | 0.0% |
| 2008 | $50.77M | $0 | 0.0% |
| 2007 | $70.38M | $0 | 0.0% |
| 2006 | $68.22M | $0 | 0.0% |
| 2005 | $47.26M | $0 | 0.0% |
| 2004 | $32.69M | $0 | 0.0% |
| 2003 | $27.11M | $0 | 0.0% |
| 2002 | $6.03M | $0 | 0.0% |
| 2001 | $17.32M | $0 | 0.0% |
| 2000 | $14.74M | $0.45M | 3.1% |
| 1999 | $0.57M | $10.48M | n/m |
| 1998 | $24.71M | $10.94M | 44.3% |
| 1997 | $30.97M | $20.92M | 67.6% |
| 1996 | $12.51M | $6.92M | 55.3% |
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.
