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 133.77% is 75% above its 5-year average of 76.55%, near the high end of its 5-year range (0.00%–133.77%).
As of the fiscal period ended Thursday, April 30, 2026. 27.57% above its 12-month average of 104.86%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
133.77%
FCF PAYOUT RATIO AVG TTM
104.86%
FCF PAYOUT RATIO AVG 3Y
91.40%
FCF PAYOUT RATIO AVG 5Y
76.55%
FCF PAYOUT RATIO AVG 10Y
63.67%
FCF PAYOUT RATIO AVG 15Y
53.05%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+27.57%
CURRENT VS 3Y AVG
+46.36%
CURRENT VS 5Y AVG
+74.75%
CURRENT VS 10Y AVG
+110.10%
CURRENT VS 15Y AVG
+152.15%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
133.8%
Earnings Payout Ratio
117.8%
Dividend Yield
6.58%
FCF Yield
4.90%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $319.68M | $328.17M | 102.7% |
| 2024 | $375.58M | $323.68M | 86.2% |
| 2023 | $324.65M | $314.35M | 96.8% |
| 2022 | $517.68M | $225.79M | 43.6% |
| 2021 | $410.15M | $0 | 0.0% |
| 2020 | $222.62M | $212.73M | 95.6% |
| 2019 | $442.20M | $260.57M | 58.9% |
| 2018 | $411.01M | $204.16M | 49.7% |
| 2017 | $312.48M | $146.24M | 46.8% |
| 2016 | $317.52M | $103.83M | 32.7% |
| 2015 | $179.78M | $75.51M | 42.0% |
| 2014 | $127.57M | $45.02M | 35.3% |
| 2013 | $127.48M | $28.36M | 22.2% |
| 2012 | $52.79M | $24.25M | 45.9% |
| 2011 | $171.65M | $5.41M | 3.2% |
| 2010 | ($33.01M) | $0 | N/A (Loss) |
| 2009 | $27.79M | $0 | 0.0% |
| 2008 | $66.10M | $0 | 0.0% |
| 2007 | ($0.79M) | $0 | N/A (Loss) |
| 2006 | $104.50M | $0 | 0.0% |
| 2005 | $140.37M | $0 | 0.0% |
| 2004 | $122.41M | $0 | 0.0% |
| 2003 | $48.23M | $0.93M | 1.9% |
| 2002 | $55.44M | $0 | 0.0% |
| 2001 | $49.93M | $0 | 0.0% |
| 2000 | $33.97M | $0 | 0.0% |
| 1999 | $37.44M | $0 | 0.0% |
| 1998 | ($4.50M) | $0 | N/A (Loss) |
| 1996 | $11.90M | $0 | 0.0% |
| 1996 | $52.50M | $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.
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 |
|---|---|
| 2026-04-30 | 133.77% |
| 2026-01-31 | 112.16% |
| 2025-10-31 | 92.14% |
| 2025-07-31 | 102.66% |
| 2025-04-30 | 83.57% |
| 2025-01-31 | 83.80% |
| 2024-10-31 | 105.29% |
| 2024-07-31 | 86.18% |
| 2024-04-30 | 82.92% |
| 2024-01-31 | 86.47% |
| 2023-10-31 | 80.79% |
| 2023-07-31 | 96.83% |
| 2023-04-30 | 83.99% |
| 2023-01-31 | 71.06% |
| 2022-10-31 | 62.48% |
| 2022-07-31 | 43.61% |
| 2022-04-30 | 26.78% |
| 2022-01-31 | 14.24% |
| 2021-10-31 | 5.67% |
| 2021-04-30 | 0.00% |
| 2021-01-31 | 35.62% |
| 2020-10-31 | 95.89% |
| 2020-07-31 | 95.56% |
| 2020-04-30 | 115.95% |
| 2020-01-31 | 61.00% |
| 2019-10-31 | 57.93% |
| 2019-07-31 | 58.93% |
| 2019-04-30 | 55.01% |
| 2019-01-31 | 50.55% |
| 2018-10-31 | 51.55% |
| 2018-07-31 | 49.67% |
| 2018-04-30 | 44.18% |
| 2018-01-31 | 40.16% |
| 2017-10-31 | 37.58% |
| 2017-07-31 | 46.80% |
| 2017-04-30 | 42.08% |
| 2017-01-31 | 38.99% |
| 2016-10-31 | 41.34% |
| 2016-07-31 | 32.70% |
| 2016-04-30 | 40.86% |
| 2016-01-31 | 42.76% |
| 2015-10-31 | 35.73% |
| 2015-07-31 | 42.00% |
| 2015-04-30 | 28.44% |
| 2015-01-31 | 24.37% |
| 2014-10-31 | 37.10% |
| 2014-07-31 | 35.29% |
| 2014-04-30 | 37.57% |
| 2014-01-31 | 32.86% |
| 2013-10-31 | 26.15% |
| 2013-07-31 | 22.25% |
| 2013-04-30 | 18.08% |
| 2013-01-31 | 21.36% |
| 2012-10-31 | 39.84% |
| 2012-07-31 | 45.93% |
| 2012-04-30 | 28.74% |
| 2012-01-31 | 47.64% |
| 2011-10-31 | 13.95% |
| 2011-07-31 | 3.15% |
