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 22.47% is in line with its 3-year average of 21.58%, near the high end of its 3-year range (6.15%–26.83%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.96% above its 12-month average of 20.81%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
22.47%
FCF PAYOUT RATIO AVG TTM
20.81%
FCF PAYOUT RATIO AVG 3Y
21.17%
FCF PAYOUT RATIO AVG 5Y
21.58%
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
+7.96%
CURRENT VS 3Y AVG
+6.14%
CURRENT VS 5Y AVG
+4.11%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
22.5%
Earnings Payout Ratio
56.1%
Dividend Yield
1.21%
FCF Yield
5.34%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $299.79M | $62.85M | 21.0% |
| 2024 | $306.06M | $64.74M | 21.2% |
| 2023 | $241.43M | $64.77M | 26.8% |
| 2022 | $273.46M | $0 | 0.0% |
| 2021 | $260.73M | $0 | 0.0% |
| 2020 | $211.08M | $0 | 0.0% |
| 2019 | $80.32M | $8.39M | 10.4% |
| 2018 | ($127.68M) | $15.43M | N/A (Loss) |
| 2017 | ($140.49M) | $3.86M | N/A (Loss) |
| 2016 | ($180.49M) | $15.44M | N/A (Loss) |
| 2015 | ($277.33M) | $15.44M | N/A (Loss) |
| 2014 | ($226.19M) | $11.97M | N/A (Loss) |
| 2013 | ($220.50M) | $7.00M | N/A (Loss) |
| 2012 | ($267.63M) | $1.42M | N/A (Loss) |
| 2011 | ($175.94M) | $0 | N/A (Loss) |
| 2010 | ($86.01M) | $0 | N/A (Loss) |
| 2009 | $15.82M | $0 | 0.0% |
| 2008 | $1.98M | $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.
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 | 22.47% |
| 2026-03-31 | 20.90% |
| 2025-12-31 | 20.97% |
| 2025-09-30 | 20.48% |
| 2025-06-30 | 19.25% |
| 2025-03-31 | 22.52% |
| 2024-12-31 | 21.15% |
| 2024-09-30 | 21.90% |
| 2024-06-30 | 25.31% |
| 2024-03-31 | 25.53% |
| 2023-12-31 | 26.83% |
| 2023-09-30 | 20.89% |
| 2023-06-30 | 13.09% |
| 2023-03-31 | 6.15% |
| 2020-03-31 | 8.54% |
| 2019-12-31 | 10.44% |
