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 74.28% is 71% above its 5-year average of 43.40%, near the high end of its 5-year range (18.36%–74.28%).
As of the fiscal period ended Tuesday, June 30, 2026. 22.89% above its 12-month average of 60.44%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 74.28%.
FCF PAYOUT RATIO
74.28%
FCF PAYOUT RATIO AVG TTM
60.44%
FCF PAYOUT RATIO AVG 3Y
42.82%
FCF PAYOUT RATIO AVG 5Y
43.40%
FCF PAYOUT RATIO AVG 10Y
50.36%
FCF PAYOUT RATIO AVG 15Y
60.60%
FCF PAYOUT RATIO AVG 20Y
47.81%
CURRENT VS TTM AVG
+22.89%
CURRENT VS 3Y AVG
+73.45%
CURRENT VS 5Y AVG
+71.14%
CURRENT VS 10Y AVG
+47.49%
CURRENT VS 15Y AVG
+22.57%
CURRENT VS 20Y AVG
+55.36%
FCF Payout Ratio TTM
74.3%
Earnings Payout Ratio
92.6%
Dividend Yield
5.71%
FCF Yield
7.97%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $66.80M | $37.59M | 56.3% |
| 2024 | $60.63M | $28.05M | 46.3% |
| 2023 | $62.98M | $11.56M | 18.4% |
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 | 74.28% |
| 2026-03-31 | 56.05% |
| 2025-12-31 | 56.24% |
| 2025-09-30 | 58.96% |
| 2025-06-30 | 56.68% |
| 2025-03-31 | 50.70% |
| 2024-12-31 | 46.26% |
| 2024-09-30 | 38.62% |
| 2024-06-30 | 29.62% |
| 2024-03-31 | 23.85% |
| 2023-12-31 | 18.36% |
| 2023-09-30 | 21.46% |
| 2023-06-30 | 25.63% |
| 2023-03-31 | 35.23% |
| 2022-12-31 | 61.60% |
| 2022-09-30 | 54.61% |
| 2022-06-30 | 55.04% |
| 2022-03-31 | 55.81% |
| 2021-12-31 | 40.37% |
| 2021-09-30 | 30.53% |
| 2021-06-30 | 21.57% |
| 2021-03-31 | 10.02% |
| 2020-12-31 | 20.00% |
| 2020-09-30 | 31.02% |
| 2020-06-30 | 44.67% |
| 2020-03-31 | 49.17% |
| 2019-12-31 | 47.98% |
| 2019-09-30 | 48.43% |
| 2019-06-30 | 46.88% |
| 2019-03-31 | 52.09% |
| 2018-12-31 | 64.15% |
| 2018-09-30 | 69.96% |
| 2018-06-30 | 74.18% |
| 2018-03-31 | 83.03% |
| 2017-12-31 | 81.61% |
| 2017-09-30 | 75.97% |
| 2017-06-30 | 70.67% |
| 2017-03-31 | 72.65% |
| 2016-12-31 | 61.41% |
| 2016-09-30 | 73.06% |
| 2016-06-30 | 76.48% |
| 2016-03-31 | 88.00% |
| 2015-12-31 | 102.35% |
| 2015-09-30 | 116.62% |
| 2015-06-30 | 106.44% |
| 2015-03-31 | 111.92% |
| 2014-12-31 | 84.92% |
| 2014-09-30 | 60.79% |
| 2014-06-30 | 62.94% |
| 2014-03-31 | 52.13% |
| 2013-12-31 | 49.48% |
| 2013-09-30 | 70.20% |
| 2013-06-30 | 58.90% |
| 2013-03-31 | 138.41% |
| 2012-12-31 | 148.97% |
| 2012-09-30 | 103.42% |
| 2012-06-30 | 101.68% |
| 2012-03-31 | 82.99% |
| 2011-12-31 | 77.84% |
| 2011-09-30 | 86.59% |
| 2011-06-30 | 93.36% |
| 2011-03-31 | 0.01% |
| 2010-12-31 | 0.01% |
| 2010-09-30 | 1.00% |
| 2010-06-30 | 1.70% |
| 2010-03-31 | 1.77% |
| 2009-12-31 | 1.53% |
| 2009-09-30 | 1.42% |
| 2009-06-30 | 0.47% |
| 2009-03-31 | 0.50% |
| 2008-12-31 | 0.81% |
| 2008-09-30 | 0.01% |
| 2008-06-30 | 0.04% |
| 2008-03-31 | 0.03% |
| 2007-12-31 | 0.03% |
| 2007-09-30 | 0.06% |
| 2007-06-30 | 0.04% |
| 2007-03-31 | 0.09% |
| 2006-12-31 | 0.03% |
| 2006-09-30 | 0.02% |
| 2006-06-30 | 0.21% |
| 2022 |
| $18.61M |
| $11.46M |
| 61.6% |
| 2021 | $39.16M | $15.81M | 40.4% |
| 2020 | $49.83M | $9.97M | 20.0% |
| 2019 | $41.37M | $19.85M | 48.0% |
| 2018 | $31.52M | $20.22M | 64.1% |
| 2017 | $27.75M | $22.64M | 81.6% |
| 2016 | $27.83M | $17.09M | 61.4% |
| 2015 | $17.19M | $17.59M | 102.3% |
| 2014 | $22.75M | $19.32M | 84.9% |
| 2013 | $32.48M | $16.07M | 49.5% |
| 2012 | $22.54M | $33.31M | 147.8% |
| 2011 | $29.62M | $22.55M | 76.1% |
| 2010 | $14.84M | $31.62M | 213.1% |
| 2009 | $22.03M | $3.73M | 17.0% |
| 2008 | $10.31M | $29.14M | 282.7% |
| 2007 | $3.06M | $4.84M | 158.3% |
| 2006 | $6.09M | $3.70M | 60.8% |
| 2005 | $13.47M | $2.70M | 20.0% |
| 2004 | $15.30M | $1.33M | 8.7% |
| 2003 | $13.38M | $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.
