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 69.93% is 68% above its 5-year average of 41.70%, near the high end of its 5-year range (17.84%–69.93%).
As of the fiscal period ended Saturday, June 27, 2026. 13.50% above its 12-month average of 61.61%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-27): 69.93%.
FCF PAYOUT RATIO
69.93%
FCF PAYOUT RATIO AVG TTM
61.61%
FCF PAYOUT RATIO AVG 3Y
46.36%
FCF PAYOUT RATIO AVG 5Y
41.70%
FCF PAYOUT RATIO AVG 10Y
36.60%
FCF PAYOUT RATIO AVG 15Y
31.24%
FCF PAYOUT RATIO AVG 20Y
24.38%
CURRENT VS TTM AVG
+13.50%
CURRENT VS 3Y AVG
+50.82%
CURRENT VS 5Y AVG
+67.70%
CURRENT VS 10Y AVG
+91.07%
CURRENT VS 15Y AVG
+123.86%
CURRENT VS 20Y AVG
+186.83%
FCF Payout Ratio TTM
69.9%
Earnings Payout Ratio
94.3%
Dividend Yield
2.14%
FCF Yield
3.06%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $215.00M | $124.76M | 58.0% |
| 2024 | $255.56M | $120.48M | 47.1% |
| 2023 | $367.96M | $117.13M | 31.8% |
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 |
|---|---|
| 2026-06-27 | 69.93% |
| 2026-03-28 | 52.73% |
| 2025-12-27 | 58.03% |
| 2025-09-27 | 62.26% |
| 2025-06-28 | 65.11% |
| 2025-03-29 | 53.72% |
| 2024-12-28 | 47.14% |
| 2024-09-28 | 42.59% |
| 2024-06-29 | 37.75% |
| 2024-03-30 | 36.77% |
| 2023-12-31 | 31.83% |
| 2023-09-30 | 24.77% |
| 2023-07-01 | 20.11% |
| 2023-04-01 | 17.84% |
| 2022-12-31 | 19.42% |
| 2022-09-24 | 24.32% |
| 2022-06-25 | 34.51% |
| 2022-03-26 | 40.08% |
| 2021-12-31 | 44.17% |
| 2021-09-25 | 50.87% |
| 2021-06-26 | 86.24% |
| 2021-03-27 | 71.39% |
| 2020-12-31 | 61.19% |
| 2020-09-26 | 53.56% |
| 2020-06-27 | 36.71% |
| 2020-03-28 | 40.58% |
| 2019-12-31 | 9.67% |
| 2019-09-28 | 8.09% |
| 2019-06-29 | 7.54% |
| 2019-03-30 | 7.79% |
| 2018-12-31 | 30.86% |
| 2018-09-29 | 43.93% |
| 2018-06-30 | 52.71% |
| 2018-03-31 | 60.52% |
| 2017-12-31 | 12.92% |
| 2017-09-30 | 11.26% |
| 2017-07-01 | 10.44% |
| 2017-04-01 | 9.59% |
| 2016-12-31 | 8.55% |
| 2016-09-24 | 6.35% |
| 2016-06-25 | 5.99% |
| 2016-03-26 | 5.68% |
| 2015-12-31 | 27.40% |
| 2015-09-26 | 33.46% |
| 2015-06-27 | 36.22% |
| 2015-03-28 | 45.42% |
| 2014-12-31 | 30.23% |
| 2014-09-27 | 26.55% |
| 2014-06-28 | 24.85% |
| 2014-03-29 | 15.87% |
| 2013-09-28 | 17.75% |
| 2013-06-29 | 19.38% |
| 2013-03-30 | 20.84% |
| 2012-12-31 | 28.67% |
| 2012-09-29 | 8.00% |
| 2012-06-30 | 7.14% |
| 2012-03-31 | 8.63% |
| 2011-12-31 | 8.78% |
| 2011-09-24 | 8.23% |
| 2011-06-25 | 9.65% |
| 2011-03-26 | 10.14% |
| 2010-12-31 | 11.60% |
| 2010-09-25 | 15.68% |
| 2010-06-26 | 23.01% |
| 2010-03-27 | 13.94% |
| 2009-12-31 | 6.11% |
| 2009-09-26 | 4.43% |
| 2009-06-27 | 4.49% |
| 2009-03-28 | 5.21% |
| 2008-12-31 | 7.30% |
| 2008-09-27 | 10.98% |
| 2008-06-28 | 8.37% |
| 2008-03-29 | 6.49% |
| 2007-12-31 | 5.51% |
| 2007-09-29 | 4.25% |
| 2007-06-30 | 3.68% |
| 2007-03-31 | 2.73% |
| 2006-12-31 | 2.21% |
| 2006-09-30 | 7.29% |
| 2006-07-01 | 6.12% |
| 2006-04-01 | 7.71% |
| 2005-12-31 | 109.36% |
| 2005-09-24 | 1.08% |
| 2022 |
| $596.65M |
| $115.67M |
| 19.4% |
| 2021 | $253.48M | $111.96M | 44.2% |
| 2020 | $180.09M | $109.50M | 60.8% |
| 2019 | $288.42M | $27.89M | 9.7% |
| 2018 | $288.15M | $88.92M | 30.9% |
| 2017 | $123.38M | $15.94M | 12.9% |
| 2016 | $167.60M | $14.33M | 8.6% |
| 2015 | $211.22M | $57.88M | 27.4% |
| 2014 | $91.33M | $27.61M | 30.2% |
| 2013 | $155.64M | $0 | 0.0% |
| 2012 | $118.51M | $33.98M | 28.7% |
| 2011 | $113.70M | $9.98M | 8.8% |
| 2010 | $81.25M | $9.42M | 11.6% |
| 2009 | $142.25M | $8.69M | 6.1% |
| 2008 | $111.40M | $8.14M | 7.3% |
| 2007 | $134.09M | $7.39M | 5.5% |
| 2006 | $288.00M | $6.36M | 2.2% |
| 2005 | $2.67M | $2.92M | 109.4% |
| 2004 | $43.37M | $0 | 0.0% |
| 2003 | $47.84M | $0 | 0.0% |
| 2002 | $79.89M | $0 | 0.0% |
| 2001 | $44.35M | $0 | 0.0% |
| 2000 | $46.74M | $0 | 0.0% |
| 1999 | $30.68M | $0 | 0.0% |
| 1998 | $46.18M | $0 | 0.0% |
| 1997 | $60.64M | $0 | 0.0% |
| 1996 | $12.14M | $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.
