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 17.30% is 84% below its 3-year average of 108.25%, near the low end of its 3-year range (9.58%–763.10%).
As of the fiscal period ended Friday, July 31, 2026. 92.02% below its 12-month average of 216.66%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-07-31): 17.30%.
FCF PAYOUT RATIO
17.30%
FCF PAYOUT RATIO AVG TTM
216.66%
FCF PAYOUT RATIO AVG 3Y
134.71%
FCF PAYOUT RATIO AVG 5Y
N/A
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
-92.02%
CURRENT VS 3Y AVG
-87.16%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
17.3%
Earnings Payout Ratio
81.8%
Dividend Yield
3.71%
FCF Yield
25.69%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | ($36.56M) | $5.53M | N/A (Loss) |
| 2025 | ($68.81M) | $12.85M | N/A (Loss) |
| 2023 | $20.60M | $7.41M | 36.0% |
| 2022 | $40.12M | $0 | 0.0% |
| 2021 | $17.11M | $0 | 0.0% |
| 2020 | ($0.03M) | $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.
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 | 17.30% |
| 2026-04-30 | 18.78% |
| 2026-01-31 | 67.47% |
| 2025-10-31 | 763.10% |
| 2024-03-31 | 9.58% |
| 2023-12-31 | 35.97% |
| 2023-09-30 | 30.80% |
| 2023-06-30 | 17.82% |
| 2023-03-31 | 13.43% |
| N/A (Loss) |
| 2019 | ($34.25M) | $0 | N/A (Loss) |
| 2018 | $69.85M | $0 | 0.0% |
| 2017 | ($43.95M) | $0 | N/A (Loss) |
| 2016 | $21.70M | $0 | 0.0% |
| 2015 | $5.62M | $0 | 0.0% |
| 2014 | ($0.49M) | $0 | N/A (Loss) |
| 2013 | $20.92M | $0 | 0.0% |
| 2012 | ($8.49M) | $0 | N/A (Loss) |
| 2011 | ($1.13M) | $0 | N/A (Loss) |
| 2010 | ($4.46M) | $0 | N/A (Loss) |
| 2009 | ($22.48M) | $0 | N/A (Loss) |
| 2008 | ($35.83M) | $0 | N/A (Loss) |
| 2007 | $80.96M | $0 | 0.0% |
| 2006 | $2.59M | $0 | 0.0% |
| 2005 | $1.24M | $0 | 0.0% |
| 2004 | ($16.17M) | $0.28M | N/A (Loss) |
| 2003 | ($13.02M) | $0 | N/A (Loss) |
| 2002 | $0.45M | $0 | 0.0% |
| 2001 | ($13.54M) | $0 | N/A (Loss) |
| 2000 | ($20.09M) | $0 | N/A (Loss) |
| 1999 | $0.20M | $0 | 0.0% |
| 1998 | ($1.90M) | $0 | N/A (Loss) |
