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 12.22% is 22% above its 5-year average of 10.04%, around the middle of its 5-year range (3.97%–27.78%).
As of the fiscal period ended Sunday, July 5, 2026. 11.19% below its 12-month average of 13.76%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
12.22%
FCF PAYOUT RATIO AVG TTM
13.76%
FCF PAYOUT RATIO AVG 3Y
10.68%
FCF PAYOUT RATIO AVG 5Y
10.04%
FCF PAYOUT RATIO AVG 10Y
7.30%
FCF PAYOUT RATIO AVG 15Y
5.69%
FCF PAYOUT RATIO AVG 20Y
5.09%
CURRENT VS TTM AVG
-11.19%
CURRENT VS 3Y AVG
+14.39%
CURRENT VS 5Y AVG
+21.71%
CURRENT VS 10Y AVG
+67.33%
CURRENT VS 15Y AVG
+114.94%
CURRENT VS 20Y AVG
+139.93%
FCF Payout Ratio TTM
12.2%
Earnings Payout Ratio
N/A
Dividend Yield
0.65%
FCF Yield
5.35%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $86.60M | $14.20M | 16.4% |
| 2024 | $146.90M | $13.20M | 9.0% |
| 2023 | $140.10M | $8.10M | 5.8% |
| 2022 | $23.40M | $6.50M | 27.8% |
| 2021 | $146.40M | $6.80M | 4.6% |
| 2020 | $164.60M | $6.80M | 4.1% |
| 2019 | $173.30M | $7.00M | 4.0% |
| 2018 | $126.20M | $7.10M | 5.6% |
| 2017 | $130.90M | $7.00M | 5.3% |
| 2016 | $162.70M | $7.00M | 4.3% |
| 2015 | $184.00M | $7.00M | 3.8% |
| 2014 | $229.00M | $6.90M | 3.0% |
| 2013 | $90.97M | $6.95M | 7.6% |
| 2012 | $87.79M | $4.41M | 5.0% |
| 2011 | $81.60M | $3.60M | 4.4% |
| 2010 | $107.90M | $3.72M | 3.4% |
| 2009 | $134.24M | $3.74M | 2.8% |
| 2008 | $103.18M | $3.78M | 3.7% |
| 2007 | $133.62M | $3.85M | 2.9% |
| 2006 | $50.44M | $3.91M | 7.8% |
| 2005 | ($33.02M) | $4.07M | N/A (Loss) |
| 2004 | $22.80M | $4.10M | 18.0% |
| 2003 | $47.42M | $2.02M | 4.3% |
| 2002 | $80.73M | $2.03M | 2.5% |
| 2001 | $35.25M | $1.96M | 5.6% |
| 2000 | ($12.17M) | $2.05M | N/A (Loss) |
| 1999 | $56.40M | $2.10M | 3.7% |
| 1998 | $0.40M | $2.20M | 550.0% |
| 1997 | $43.30M | $2.30M | 5.3% |
| 1996 | ($27.40M) | $2.30M | N/A (Loss) |
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 |
|---|---|
| 2026-07-05 | 12.22% |
| 2026-04-05 | 12.09% |
| 2025-12-31 | 16.40% |
| 2025-09-28 | 14.33% |
| 2025-06-29 | 15.45% |
| 2025-03-30 | 16.04% |
| 2024-12-31 | 8.99% |
| 2024-09-29 | 7.27% |
| 2024-06-30 | 6.42% |
| 2024-03-31 | 5.70% |
| 2023-12-31 | 5.78% |
| 2023-10-01 | 7.51% |
| 2023-07-02 | 10.20% |
| 2023-04-02 | 12.65% |
| 2022-12-31 | 27.78% |
| 2022-10-02 | 13.07% |
| 2022-07-03 | 10.95% |
| 2022-04-03 | 7.09% |
| 2021-12-31 | 4.64% |
| 2021-10-03 | 3.97% |
| 2021-07-04 | 3.77% |
| 2021-04-04 | 3.69% |
| 2020-12-31 | 4.13% |
| 2020-09-27 | 4.25% |
| 2020-06-28 | 3.99% |
| 2020-03-29 | 4.03% |
| 2019-12-31 | 4.04% |
| 2019-09-29 | 4.55% |
| 2019-06-30 | 4.71% |
| 2019-03-31 | 5.76% |
| 2018-12-31 | 5.63% |
| 2018-09-30 | 6.28% |
| 2018-07-01 | 5.62% |
| 2018-04-01 | 4.87% |
| 2017-12-31 | 5.35% |
| 2017-10-01 | 4.87% |
| 2017-07-02 | 5.15% |
| 2017-04-02 | 5.02% |
| 2016-12-31 | 4.30% |
| 2016-10-02 | 4.05% |
| 2016-07-03 | 3.70% |
| 2016-04-03 | 3.21% |
| 2015-12-31 | 3.80% |
| 2015-09-27 | 3.07% |
| 2015-06-28 | 3.08% |
| 2015-03-29 | 3.16% |
| 2014-12-31 | 3.01% |
| 2014-09-28 | 4.31% |
| 2014-06-29 | 5.51% |
| 2014-03-30 | 8.77% |
| 2013-12-31 | 7.64% |
| 2013-09-29 | 8.77% |
| 2013-06-30 | 7.46% |
| 2013-03-31 | 5.97% |
| 2012-12-31 | 5.02% |
| 2012-09-30 | 3.82% |
| 2012-07-01 | 4.05% |
| 2012-04-01 | 4.15% |
| 2011-12-31 | 4.41% |
| 2011-10-02 | 4.56% |
| 2011-07-03 | 4.41% |
| 2011-04-03 | 3.93% |
| 2010-12-31 | 3.45% |
| 2010-10-03 | 3.14% |
| 2010-07-04 | 2.67% |
| 2010-04-04 | 2.68% |
| 2009-12-31 | 2.79% |
| 2009-09-27 | 2.54% |
| 2009-06-28 | 2.71% |
| 2009-03-29 | 2.98% |
| 2008-12-31 | 3.67% |
| 2008-09-28 | 3.48% |
| 2008-06-29 | 3.61% |
| 2008-03-30 | 3.37% |
| 2007-12-31 | 2.88% |
| 2007-09-30 | 4.01% |
| 2007-07-01 | 4.96% |
| 2007-04-01 | 7.33% |
| 2006-12-31 | 7.75% |
| 2006-10-01 | 14.05% |
| 2006-07-02 | 39.21% |
| 2005-04-03 | 139.78% |
| 2004-12-31 | 17.99% |
| 2004-09-26 | 8.31% |
| 2004-06-27 | 8.26% |
| 2004-03-28 | 6.55% |
| 2003-12-31 | 4.27% |
