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 6.49% is 66% above its 5-year average of 3.91%, around the middle of its 5-year range (0.74%–13.72%).
As of the fiscal period ended Tuesday, June 30, 2026. 48.35% above its 12-month average of 4.38%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 6.49%.
FCF PAYOUT RATIO
6.49%
FCF PAYOUT RATIO AVG TTM
4.38%
FCF PAYOUT RATIO AVG 3Y
3.43%
FCF PAYOUT RATIO AVG 5Y
3.91%
FCF PAYOUT RATIO AVG 10Y
73.69%
FCF PAYOUT RATIO AVG 15Y
114.84%
FCF PAYOUT RATIO AVG 20Y
150.43%
CURRENT VS TTM AVG
+48.35%
CURRENT VS 3Y AVG
+89.50%
CURRENT VS 5Y AVG
+65.94%
CURRENT VS 10Y AVG
-91.19%
CURRENT VS 15Y AVG
-94.35%
CURRENT VS 20Y AVG
-95.68%
FCF Payout Ratio TTM
6.5%
Earnings Payout Ratio
N/A
Dividend Yield
0.96%
FCF Yield
15.18%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $21.36M | $0.80M | 3.7% |
| 2024 | $6.34M | $0.80M | 12.5% |
| 2023 | $103.15M | $0.79M | 0.8% |
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 |
|---|---|
| 2026-06-30 | 6.49% |
| 2026-03-31 | 6.46% |
| 2025-12-31 | 3.97% |
| 2025-09-30 | 1.98% |
| 2025-06-30 | 2.98% |
| 2024-06-30 | 7.92% |
| 2024-03-31 | 1.54% |
| 2023-12-31 | 0.79% |
| 2023-09-30 | 0.74% |
| 2023-06-30 | 1.40% |
| 2023-03-31 | 6.35% |
| 2022-09-30 | 13.72% |
| 2022-06-30 | 2.20% |
| 2022-03-31 | 2.14% |
| 2021-12-31 | 3.94% |
| 2021-09-30 | 4.58% |
| 2021-06-30 | 9.13% |
| 2021-03-31 | 62.47% |
| 2020-12-31 | 14.55% |
| 2020-09-30 | 38.87% |
| 2020-06-30 | 46.10% |
| 2020-03-31 | 70.82% |
| 2019-12-31 | 106.45% |
| 2019-09-30 | 104.12% |
| 2019-06-30 | 181.33% |
| 2019-03-31 | 163.13% |
| 2018-12-31 | 143.32% |
| 2018-09-30 | 247.19% |
| 2018-06-30 | 211.84% |
| 2018-03-31 | 437.46% |
| 2017-12-31 | 277.18% |
| 2017-09-30 | 186.53% |
| 2017-06-30 | 163.21% |
| 2017-03-31 | 98.78% |
| 2016-12-31 | 147.94% |
| 2016-09-30 | 167.24% |
| 2016-06-30 | 145.37% |
| 2016-03-31 | 118.45% |
| 2015-12-31 | 114.16% |
| 2015-09-30 | 117.34% |
| 2015-06-30 | 93.70% |
| 2015-03-31 | 237.81% |
| 2014-12-31 | 304.41% |
| 2014-09-30 | 421.14% |
| 2013-12-31 | 424.21% |
| 2013-09-30 | 502.85% |
| 2013-06-30 | 580.21% |
| 2013-03-31 | 361.33% |
| 2010-09-30 | 219.10% |
| 2010-06-30 | 346.32% |
| 2010-03-31 | 318.05% |
| 2009-12-31 | 404.07% |
| 2009-09-30 | 948.48% |
| 2009-06-30 | 319.16% |
| 2005-12-31 | 260.21% |
| 2005-09-30 | 115.32% |
| 2005-06-30 | 116.05% |
| 2005-03-31 | 105.06% |
| 2004-12-31 | 228.75% |
| 2004-06-30 | 235.99% |
| 2003-12-31 | 179.06% |
| 2003-09-30 | 111.49% |
| 2022 |
| ($11.09M) |
| $0.79M |
| N/A (Loss) |
| 2021 | $19.67M | $0.79M | 4.0% |
| 2020 | $36.16M | $5.32M | 14.7% |
| 2019 | $45.19M | $49.09M | 108.6% |
| 2018 | $53.64M | $76.87M | 143.3% |
| 2017 | $27.76M | $76.94M | 277.2% |
| 2016 | $70.39M | $104.14M | 147.9% |
| 2015 | $116.78M | $133.32M | 114.2% |
| 2014 | $31.27M | $95.20M | 304.4% |
| 2013 | $19.94M | $84.59M | 424.2% |
| 2012 | ($60.96M) | $76.53M | N/A (Loss) |
| 2011 | $10.77M | $64.50M | 598.7% |
| 2010 | $18.52M | $56.70M | 306.1% |
| 2009 | $11.75M | $47.46M | 404.1% |
| 2008 | ($15.07M) | $45.72M | N/A (Loss) |
| 2007 | ($24.15M) | $37.90M | N/A (Loss) |
| 2006 | ($27.04M) | $32.06M | N/A (Loss) |
| 2005 | $7.29M | $18.97M | 260.2% |
| 2004 | $7.63M | $17.45M | 228.8% |
| 2003 | $7.37M | $13.20M | 179.1% |
| 2002 | ($0.17M) | $0 | N/A (Loss) |
| 2001 | $4.92M | $0 | 0.0% |
| 2000 | $1.62M | $0 | 0.0% |
| 1999 | $6.54M | $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.
