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 18.48% is 14% above its 5-year average of 16.25%, near the low end of its 5-year range (6.36%–116.26%).
As of the fiscal period ended Tuesday, June 30, 2026. 52.21% below its 12-month average of 38.68%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 18.48%.
FCF PAYOUT RATIO
18.48%
FCF PAYOUT RATIO AVG TTM
38.68%
FCF PAYOUT RATIO AVG 3Y
13.68%
FCF PAYOUT RATIO AVG 5Y
16.25%
FCF PAYOUT RATIO AVG 10Y
14.77%
FCF PAYOUT RATIO AVG 15Y
13.11%
FCF PAYOUT RATIO AVG 20Y
12.94%
CURRENT VS TTM AVG
-52.21%
CURRENT VS 3Y AVG
+35.12%
CURRENT VS 5Y AVG
+13.74%
CURRENT VS 10Y AVG
+25.13%
CURRENT VS 15Y AVG
+41.04%
CURRENT VS 20Y AVG
+42.87%
FCF Payout Ratio TTM
18.5%
Earnings Payout Ratio
11.8%
Dividend Yield
1.88%
FCF Yield
9.87%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $3.25M | $3.78M | 116.3% |
| 2024 | $16.34M | $3.81M | 23.3% |
| 2023 | $53.63M | $3.73M | 7.0% |
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 |
|---|---|
| 2026-06-30 | 18.48% |
| 2026-03-31 | 21.08% |
| 2025-12-31 | 116.26% |
| 2025-09-30 | 18.56% |
| 2025-06-30 | 19.00% |
| 2025-03-31 | 17.52% |
| 2024-12-31 | 23.31% |
| 2024-09-30 | 10.81% |
| 2024-06-30 | 8.37% |
| 2024-03-31 | 7.27% |
| 2023-12-31 | 6.96% |
| 2023-09-30 | 6.42% |
| 2023-06-30 | 6.36% |
| 2023-03-31 | 19.09% |
| 2022-12-31 | 17.90% |
| 2022-03-31 | 36.84% |
| 2021-12-31 | 11.64% |
| 2021-09-30 | 73.41% |
| 2021-06-30 | 26.64% |
| 2021-03-31 | 8.12% |
| 2020-12-31 | 8.54% |
| 2020-09-30 | 2.37% |
| 2020-06-30 | 3.31% |
| 2020-03-31 | 9.70% |
| 2019-12-31 | 17.25% |
| 2019-06-30 | 15.01% |
| 2019-03-31 | 20.48% |
| 2018-12-31 | 29.03% |
| 2018-06-30 | 31.69% |
| 2018-03-31 | 16.52% |
| 2017-12-31 | 23.14% |
| 2017-09-30 | 7.34% |
| 2017-06-30 | 6.12% |
| 2017-03-31 | 5.85% |
| 2016-12-31 | 9.15% |
| 2016-09-30 | 9.63% |
| 2016-06-30 | 17.49% |
| 2016-03-31 | 9.60% |
| 2015-12-31 | 5.16% |
| 2015-09-30 | 23.89% |
| 2015-06-30 | 12.58% |
| 2015-03-31 | 23.10% |
| 2014-09-30 | 54.14% |
| 2014-03-31 | 23.91% |
| 2013-12-31 | 4.67% |
| 2013-09-30 | 4.47% |
| 2013-06-30 | 3.54% |
| 2013-03-31 | 3.25% |
| 2012-12-31 | 7.04% |
| 2012-09-30 | 4.70% |
| 2012-06-30 | 7.47% |
| 2012-03-31 | 6.25% |
| 2011-12-31 | 8.45% |
| 2011-09-30 | 3.29% |
| 2009-09-30 | 1.29% |
| 2009-06-30 | 3.25% |
| 2009-03-31 | 15.75% |
| 2008-09-30 | 10.33% |
| 2008-06-30 | 11.45% |
| 2008-03-31 | 13.60% |
| 2007-12-31 | 26.33% |
| 2006-06-30 | 143.96% |
| 2006-03-31 | 18.73% |
| 2005-12-31 | 11.71% |
| 2005-03-31 | 45.89% |
| 2004-12-31 | 180.90% |
| 2004-09-30 | 42.77% |
| 2004-06-30 | 54.97% |
| 2004-03-31 | 71.69% |
| 2003-12-31 | 76.32% |
| 2003-09-30 | 135.78% |
| 2003-06-30 | 32.59% |
| 2022 |
| $21.34M |
| $3.82M |
| 17.9% |
| 2021 | $33.00M | $3.84M | 11.6% |
| 2020 | $42.73M | $3.65M | 8.5% |
| 2019 | $20.70M | $3.57M | 17.2% |
| 2018 | $11.27M | $3.27M | 29.0% |
| 2017 | $10.70M | $2.48M | 23.1% |
| 2016 | $26.37M | $2.41M | 9.2% |
| 2015 | $41.64M | $2.15M | 5.2% |
| 2014 | ($1.58M) | $2.03M | N/A (Loss) |
| 2013 | $32.47M | $1.51M | 4.7% |
| 2012 | $17.74M | $1.25M | 7.0% |
| 2011 | $7.23M | $0.91M | 12.6% |
| 2010 | $27.24M | $0 | 0.0% |
| 2009 | $61.64M | $3.00M | 4.9% |
| 2008 | ($1.95M) | $3.00M | N/A (Loss) |
| 2007 | $12.54M | $3.30M | 26.3% |
| 2006 | ($32.59M) | $3.33M | N/A (Loss) |
| 2005 | $23.65M | $2.77M | 11.7% |
| 2004 | $1.52M | $2.75M | 180.9% |
| 2003 | $3.47M | $2.65M | 76.3% |
| 2002 | $5.01M | $2.63M | 52.5% |
| 2001 | ($5.43M) | $2.62M | N/A (Loss) |
| 2000 | $20.41M | $2.75M | 13.5% |
| 1999 | ($6.90M) | $3.10M | N/A (Loss) |
| 1998 | $7.20M | $3.10M | 43.1% |
| 1997 | $4.80M | $0.80M | 16.7% |
| 1996 | $17.00M | $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.
