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 6.68% is 24% below its 5-year average of 8.81%, near the low end of its 5-year range (6.68%–16.58%).
As of the fiscal period ended Tuesday, June 30, 2026. 25.06% below its 12-month average of 8.92%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q1 FY2027 (2026-06-30): 6.68%.
FCF PAYOUT RATIO
6.68%
FCF PAYOUT RATIO AVG TTM
8.92%
FCF PAYOUT RATIO AVG 3Y
8.81%
FCF PAYOUT RATIO AVG 5Y
8.81%
FCF PAYOUT RATIO AVG 10Y
9.29%
FCF PAYOUT RATIO AVG 15Y
13.79%
FCF PAYOUT RATIO AVG 20Y
17.13%
CURRENT VS TTM AVG
-25.06%
CURRENT VS 3Y AVG
-24.10%
CURRENT VS 5Y AVG
-24.10%
CURRENT VS 10Y AVG
-28.02%
CURRENT VS 15Y AVG
-51.53%
CURRENT VS 20Y AVG
-60.98%
FCF Payout Ratio TTM
6.7%
Earnings Payout Ratio
76.2%
Dividend Yield
0.45%
FCF Yield
6.90%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $39.58M | $3.52M | 8.9% |
| 2025 | $42.31M | $3.47M | 8.2% |
| 2024 | $41.57M | $3.45M | 8.3% |
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 | 6.68% |
| 2026-03-31 | 8.90% |
| 2025-12-31 | 9.31% |
| 2025-09-30 | 9.37% |
| 2025-06-30 | 10.34% |
| 2025-03-31 | 8.20% |
| 2024-12-31 | 8.05% |
| 2024-09-30 | 9.66% |
| 2024-06-30 | 8.33% |
| 2024-03-31 | 8.29% |
| 2023-12-31 | 8.45% |
| 2023-09-30 | 9.44% |
| 2023-06-30 | 9.47% |
| 2023-03-31 | 14.53% |
| 2022-12-31 | 16.58% |
| 2022-09-30 | 11.95% |
| 2022-06-30 | 14.72% |
| 2022-03-31 | 9.60% |
| 2021-12-31 | 8.56% |
| 2021-09-30 | 9.27% |
| 2021-06-30 | 7.79% |
| 2021-03-31 | 9.02% |
| 2020-12-31 | 10.00% |
| 2020-09-30 | 9.63% |
| 2020-06-30 | 10.61% |
| 2020-03-31 | 10.87% |
| 2019-12-31 | 9.62% |
| 2019-09-30 | 9.64% |
| 2019-06-30 | 10.52% |
| 2019-03-31 | 8.41% |
| 2018-12-31 | 8.60% |
| 2018-09-30 | 9.37% |
| 2018-06-30 | 8.94% |
| 2018-03-31 | 10.96% |
| 2017-12-31 | 21.12% |
| 2017-09-30 | 34.89% |
| 2016-12-31 | 80.21% |
| 2016-06-30 | 28.38% |
| 2016-03-31 | 25.10% |
| 2015-12-31 | 29.77% |
| 2015-09-30 | 25.05% |
| 2015-06-30 | 24.34% |
| 2015-03-31 | 27.32% |
| 2014-12-31 | 32.28% |
| 2014-09-30 | 22.32% |
| 2014-06-30 | 22.74% |
| 2014-03-31 | 17.55% |
| 2013-12-31 | 17.08% |
| 2013-09-30 | 17.64% |
| 2013-06-30 | 19.21% |
| 2013-03-31 | 17.30% |
| 2012-12-31 | 15.75% |
| 2012-09-30 | 14.25% |
| 2012-06-30 | 13.69% |
| 2012-03-31 | 13.93% |
| 2011-12-31 | 15.85% |
| 2011-09-30 | 18.36% |
| 2011-06-30 | 17.97% |
| 2011-03-31 | 23.89% |
| 2010-12-31 | 26.10% |
| 2010-09-30 | 29.46% |
| 2010-06-30 | 31.36% |
| 2010-03-31 | 22.46% |
| 2009-12-31 | 20.65% |
| 2009-09-30 | 22.22% |
| 2009-06-30 | 23.85% |
| 2009-03-31 | 28.92% |
| 2008-12-31 | 32.85% |
| 2008-09-30 | 34.26% |
| 2008-06-30 | 28.34% |
| 2008-03-31 | 26.74% |
| 2007-12-31 | 24.16% |
| 2007-09-30 | 32.34% |
| 2007-06-30 | 54.02% |
| 2007-03-31 | 56.44% |
| 2006-12-31 | 65.31% |
| 2006-09-30 | 92.67% |
| 2006-06-30 | 72.73% |
| 2006-03-31 | 70.84% |
| 2005-12-31 | 74.39% |
| 2005-09-30 | 64.56% |
| 2005-06-30 | 46.92% |
| 2005-03-31 | 52.63% |
| 2004-12-31 | 48.65% |
| 2004-09-30 | 16.90% |
| 2004-06-30 | 11.41% |
| 2004-03-31 | 4.75% |
| 2023 |
| $23.44M |
| $3.41M |
| 14.5% |
| 2022 | $34.79M | $3.34M | 9.6% |
| 2021 | $35.08M | $3.17M | 9.0% |
| 2020 | $25.06M | $2.72M | 10.9% |
| 2019 | $29.29M | $2.46M | 8.4% |
| 2018 | $22.02M | $2.41M | 11.0% |
| 2017 | ($3.85M) | $2.35M | N/A (Loss) |
| 2016 | $9.17M | $2.30M | 25.1% |
| 2015 | $7.99M | $2.18M | 27.3% |
| 2014 | $11.33M | $1.99M | 17.6% |
| 2013 | $10.49M | $1.81M | 17.3% |
| 2012 | $11.81M | $1.65M | 13.9% |
| 2011 | $6.23M | $1.49M | 23.9% |
| 2010 | $2.82M | $1.34M | 47.7% |
| 2009 | $4.40M | $1.27M | 28.9% |
| 2008 | $4.26M | $1.14M | 26.7% |
| 2007 | $2.25M | $1.27M | 56.4% |
| 2006 | $2.19M | $1.55M | 70.8% |
| 2005 | $2.43M | $1.28M | 52.7% |
| 2004 | $3.24M | $0.77M | 23.8% |
| 2003 | $2.83M | $0 | 0.0% |
| 2002 | $2.21M | $0 | 0.0% |
| 2001 | $0.97M | $0 | 0.0% |
| 2000 | ($1.77M) | $0 | N/A (Loss) |
| 1999 | $2.70M | $0 | 0.0% |
| 1998 | $2.00M | $0 | 0.0% |
| 1997 | $2.30M | $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.
