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 45.56% is in line with its 5-year average of 46.82%, near the low end of its 5-year range (22.76%–279.36%).
As of the fiscal period ended Friday, July 3, 2026. 8.05% above its 12-month average of 42.17%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q3 FY2026 (2026-07-03): 45.56%.
FCF PAYOUT RATIO
45.56%
FCF PAYOUT RATIO AVG TTM
42.17%
FCF PAYOUT RATIO AVG 3Y
74.30%
FCF PAYOUT RATIO AVG 5Y
46.82%
FCF PAYOUT RATIO AVG 10Y
23.33%
FCF PAYOUT RATIO AVG 15Y
23.16%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+8.05%
CURRENT VS 3Y AVG
-38.68%
CURRENT VS 5Y AVG
-2.68%
CURRENT VS 10Y AVG
+95.25%
CURRENT VS 15Y AVG
+96.76%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
45.6%
Earnings Payout Ratio
N/A
Dividend Yield
2.97%
FCF Yield
6.37%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $40.23M | $13.51M | 33.6% |
| 2024 | $18.97M | $13.43M | 70.8% |
| 2023 | $19.05M | $12.55M | 65.9% |
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 |
|---|---|
| 2026-07-03 | 45.56% |
| 2026-04-03 | 54.38% |
| 2026-01-02 | 35.16% |
| 2025-10-03 | 33.57% |
| 2025-06-27 | 39.08% |
| 2025-03-28 | 38.48% |
| 2024-12-27 | 80.69% |
| 2024-09-27 | 70.82% |
| 2023-12-29 | 279.36% |
| 2023-09-30 | 65.92% |
| 2023-06-30 | 28.56% |
| 2021-09-30 | 22.76% |
| 2021-07-02 | 10.83% |
| 2021-04-02 | 12.46% |
| 2021-01-01 | 11.46% |
| 2020-09-30 | 14.76% |
| 2020-06-26 | 16.31% |
| 2020-03-27 | 8.76% |
| 2019-12-27 | 14.68% |
| 2019-09-30 | 19.12% |
| 2019-06-28 | 21.05% |
| 2019-03-29 | 21.06% |
| 2018-12-28 | 15.15% |
| 2018-09-30 | 9.84% |
| 2018-06-29 | 10.30% |
| 2018-03-30 | 13.49% |
| 2017-12-29 | 8.85% |
| 2017-09-30 | 10.25% |
| 2017-06-30 | 11.11% |
| 2017-03-31 | 15.70% |
| 2016-12-30 | 10.60% |
| 2016-09-30 | 9.99% |
| 2016-07-01 | 9.01% |
| 2016-04-01 | 10.74% |
| 2016-01-01 | 55.36% |
| 2015-09-30 | 38.79% |
| 2015-07-03 | 20.72% |
| 2015-04-03 | 44.90% |
| 2015-01-02 | 11.92% |
| 2014-09-30 | 14.81% |
| 2014-06-27 | 11.57% |
| 2014-03-28 | 8.38% |
| 2013-12-27 | 110.33% |
| 2009-09-30 | 2.25% |
| 2009-07-03 | 2.83% |
| 2009-04-03 | 3.18% |
| 2009-01-02 | 36.01% |
| 2022 |
| ($93.83M) |
| $12.06M |
| N/A (Loss) |
| 2021 | $36.91M | $8.40M | 22.8% |
| 2020 | $45.89M | $6.77M | 14.8% |
| 2019 | $29.06M | $5.56M | 19.1% |
| 2018 | $44.21M | $4.35M | 9.8% |
| 2017 | $34.74M | $3.56M | 10.2% |
| 2016 | $31.73M | $3.17M | 10.0% |
| 2015 | $7.65M | $2.97M | 38.8% |
| 2014 | $19.95M | $2.96M | 14.8% |
| 2013 | $13.67M | $0 | 0.0% |
| 2012 | $19.73M | $0 | 0.0% |
| 2011 | $21.61M | $0 | 0.0% |
| 2010 | $9.79M | $0 | 0.0% |
| 2009 | $22.29M | $0.50M | 2.2% |
| 2008 | ($7.52M) | $2.00M | N/A (Loss) |
| 2007 | ($12.02M) | $0.50M | N/A (Loss) |
| 2006 | ($1.33M) | $0 | N/A (Loss) |
| 2005 | $19.45M | $0 | 0.0% |
| 2004 | $14.31M | $0 | 0.0% |
| 2003 | ($13.25M) | $0 | N/A (Loss) |
| 2002 | $26.11M | $0 | 0.0% |
| 2001 | $5.71M | $0 | 0.0% |
| 2000 | ($12.40M) | $0 | N/A (Loss) |
| 1999 | ($0.10M) | $0 | N/A (Loss) |
| 1998 | ($6.50M) | $0 | N/A (Loss) |
| 1997 | $9.20M | $0 | 0.0% |
| 1996 | ($17.20M) | $0 | N/A (Loss) |
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.
