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 16.56% is in line with its 5-year average of 15.19%, near the low end of its 5-year range (11.72%–51.11%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.94% below its 12-month average of 18.39%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q4 FY2026 (2026-06-30): 16.56%.
FCF PAYOUT RATIO
16.56%
FCF PAYOUT RATIO AVG TTM
18.39%
FCF PAYOUT RATIO AVG 3Y
14.64%
FCF PAYOUT RATIO AVG 5Y
15.19%
FCF PAYOUT RATIO AVG 10Y
30.56%
FCF PAYOUT RATIO AVG 15Y
35.60%
FCF PAYOUT RATIO AVG 20Y
40.14%
CURRENT VS TTM AVG
-9.94%
CURRENT VS 3Y AVG
+13.11%
CURRENT VS 5Y AVG
+9.06%
CURRENT VS 10Y AVG
-45.79%
CURRENT VS 15Y AVG
-53.47%
CURRENT VS 20Y AVG
-58.74%
FCF Payout Ratio TTM
16.6%
Earnings Payout Ratio
N/A
Dividend Yield
0.95%
FCF Yield
5.04%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $39.01M | $6.46M | 16.6% |
| 2025 | $34.65M | $5.97M | 17.2% |
| 2024 | $38.00M | $5.74M | 15.1% |
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 | 16.56% |
| 2026-03-31 | 16.23% |
| 2025-12-31 | 16.10% |
| 2025-09-30 | 25.84% |
| 2025-06-30 | 17.23% |
| 2025-03-31 | 16.26% |
| 2024-12-31 | 14.21% |
| 2024-09-30 | 14.63% |
| 2024-06-30 | 15.10% |
| 2024-03-31 | 13.07% |
| 2023-12-31 | 12.71% |
| 2023-09-30 | 11.91% |
| 2023-06-30 | 11.72% |
| 2023-03-31 | 13.93% |
| 2022-12-31 | 17.65% |
| 2022-09-30 | 43.76% |
| 2021-09-30 | 51.11% |
| 2021-06-30 | 20.52% |
| 2021-03-31 | 15.29% |
| 2020-12-31 | 26.73% |
| 2020-09-30 | 18.71% |
| 2020-06-30 | 19.56% |
| 2020-03-31 | 25.79% |
| 2019-12-31 | 23.18% |
| 2019-09-30 | 39.04% |
| 2019-06-30 | 58.42% |
| 2019-03-31 | 70.01% |
| 2018-12-31 | 32.11% |
| 2018-09-30 | 38.14% |
| 2018-06-30 | 63.68% |
| 2018-03-31 | 52.77% |
| 2017-12-31 | 48.36% |
| 2017-09-30 | 41.92% |
| 2017-06-30 | 35.06% |
| 2017-03-31 | 49.50% |
| 2016-12-31 | 68.17% |
| 2016-09-30 | 108.53% |
| 2016-06-30 | 55.64% |
| 2016-03-31 | 79.21% |
| 2015-12-31 | 29.42% |
| 2015-09-30 | 11.57% |
| 2015-06-30 | 17.93% |
| 2015-03-31 | 19.71% |
| 2014-12-31 | 52.04% |
| 2014-09-30 | 259.72% |
| 2014-06-30 | 91.54% |
| 2014-03-31 | 333.37% |
| 2013-12-31 | 784.06% |
| 2013-09-30 | 417.07% |
| 2013-06-30 | 676.15% |
| 2013-03-31 | 216.01% |
| 2012-12-31 | 109.62% |
| 2012-09-30 | 39.06% |
| 2012-06-30 | 26.42% |
| 2012-03-31 | 28.68% |
| 2010-12-31 | 113.13% |
| 2010-09-30 | 67.36% |
| 2010-06-30 | 45.46% |
| 2010-03-31 | 52.43% |
| 2009-12-31 | 33.73% |
| 2009-09-30 | 26.67% |
| 2009-06-30 | 47.96% |
| 2009-03-31 | 48.00% |
| 2008-12-31 | 109.22% |
| 2008-09-30 | 327.62% |
| 2008-06-30 | 151.95% |
| 2008-03-31 | 66.45% |
| 2007-12-31 | 29.55% |
| 2007-09-30 | 27.48% |
| 2007-06-30 | 35.32% |
| 2007-03-31 | 59.43% |
| 2006-06-30 | 62.55% |
| 2006-03-31 | 44.38% |
| 2005-12-31 | 34.08% |
| 2005-09-30 | 29.75% |
| 2005-06-30 | 28.53% |
| 2005-03-31 | 40.50% |
| 2004-12-31 | 85.47% |
| 2004-09-30 | 100.76% |
| 2004-06-30 | 70.29% |
| 2004-03-31 | 91.51% |
| 2003-12-31 | 95.00% |
| 2003-09-30 | 46.89% |
| 2003-06-30 | 48.73% |
| 2023 |
| $46.38M |
| $5.44M |
| 11.7% |
| 2022 | ($5.99M) | $5.32M | N/A (Loss) |
| 2021 | $25.78M | $5.29M | 20.5% |
| 2020 | $26.97M | $5.28M | 19.6% |
| 2019 | $8.87M | $5.18M | 58.4% |
| 2018 | $8.09M | $5.15M | 63.7% |
| 2017 | $14.40M | $5.05M | 35.1% |
| 2016 | $7.57M | $4.21M | 55.6% |
| 2015 | $16.18M | $2.90M | 17.9% |
| 2014 | $6.31M | $5.78M | 91.5% |
| 2013 | $1.28M | $8.65M | 676.2% |
| 2012 | $20.92M | $5.53M | 26.4% |
| 2011 | ($8.54M) | $4.81M | N/A (Loss) |
| 2010 | $10.58M | $4.81M | 45.5% |
| 2009 | $13.49M | $6.47M | 48.0% |
| 2008 | $8.94M | $13.58M | 152.0% |
| 2007 | $31.00M | $10.95M | 35.3% |
| 2006 | $17.87M | $11.18M | 62.6% |
| 2005 | $23.85M | $6.80M | 28.5% |
| 2004 | $7.41M | $5.21M | 70.3% |
| 2003 | $7.77M | $3.78M | 48.7% |
| 2002 | $10.40M | $3.72M | 35.8% |
| 2001 | ($9.24M) | $3.99M | N/A (Loss) |
| 2000 | $10.82M | $3.95M | 36.5% |
| 1999 | $8.80M | $3.20M | 36.4% |
| 1998 | $9.50M | $2.80M | 29.5% |
| 1997 | $8.90M | $2.10M | 23.6% |
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.
