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 32.58% is 66% below its 5-year average of 96.51%, near the low end of its 5-year range (21.51%–241.75%).
As of the fiscal period ended Sunday, February 22, 2026. 56.72% below its 12-month average of 75.28%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
32.58%
FCF PAYOUT RATIO AVG TTM
75.28%
FCF PAYOUT RATIO AVG 3Y
105.53%
FCF PAYOUT RATIO AVG 5Y
96.51%
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
-56.72%
CURRENT VS 3Y AVG
-69.12%
CURRENT VS 5Y AVG
-66.24%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
32.6%
Earnings Payout Ratio
71.8%
Dividend Yield
2.85%
FCF Yield
8.70%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $230.10M | $206.90M | 89.9% |
| 2025 | $636.80M | $207.50M | 32.6% |
| 2024 | ($131.30M) | $174.00M | N/A (Loss) |
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 |
|---|---|
| 2026-02-22 | 32.58% |
| 2025-11-23 | 21.51% |
| 2025-11-23 | 24.55% |
| 2025-08-24 | 41.36% |
| 2025-05-25 | 89.92% |
| 2025-02-23 | 241.75% |
| 2023-08-27 | 180.26% |
| 2023-05-31 | 135.65% |
| 2023-02-26 | 182.19% |
| 2022-11-27 | 114.34% |
| 2022-08-28 | 102.43% |
| 2022-05-31 | 108.13% |
| 2022-02-27 | 172.83% |
| 2021-11-28 | 72.04% |
| 2021-08-29 | 52.57% |
| 2021-05-31 | 33.33% |
| 2021-02-28 | 35.29% |
| 2020-11-29 | 30.55% |
| 2020-08-30 | 28.05% |
| 2020-05-31 | 29.85% |
| 2020-02-23 | 25.75% |
| 2019-11-24 | 25.31% |
| 2019-08-25 | 29.06% |
| 2019-05-31 | 32.68% |
| 2019-02-24 | 41.67% |
| 2018-11-25 | 38.07% |
| 2018-08-26 | 40.12% |
| 2018-05-31 | 63.19% |
| 2018-02-25 | 38.11% |
| 2017-11-26 | 53.69% |
| 2017-08-27 | 38.35% |
| 2017-05-31 | 17.18% |
| 2017-02-26 | 16.40% |
| 2023 |
| $107.70M |
| $146.10M |
| 135.7% |
| 2022 | $128.50M | $138.40M | 107.7% |
| 2021 | $405.50M | $135.30M | 33.4% |
| 2020 | $406.30M | $121.30M | 29.9% |
| 2019 | $346.70M | $113.30M | 32.7% |
| 2018 | $174.40M | $110.20M | 63.2% |
| 2017 | $159.50M | $850.90M | 533.5% |
| 2016 | $230.00M | $0 | 0.0% |
| 2015 | $239.00M | $0 | 0.0% |
| 2014 | $191.80M | $0 | 0.0% |
| 2013 | $190.10M | $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.
