Basis: Latest reported fiscal quarter; includes inputs from SEC filing. 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 52.76% is 11% below its 5-year average of 59.55%, near the low end of its 5-year range (41.14%–320.34%).
As of the fiscal period ended Tuesday, June 30, 2026. 12.52% above its 12-month average of 46.89%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q4 FY2026 (2026-06-30): 52.76%.
Includes values from SEC filing for the quarter ended 2025-03-31.
FCF PAYOUT RATIO
52.76%
FCF PAYOUT RATIO AVG TTM
46.89%
FCF PAYOUT RATIO AVG 3Y
55.70%
FCF PAYOUT RATIO AVG 5Y
59.55%
FCF PAYOUT RATIO AVG 10Y
62.44%
FCF PAYOUT RATIO AVG 15Y
55.45%
FCF PAYOUT RATIO AVG 20Y
52.93%
CURRENT VS TTM AVG
+12.52%
CURRENT VS 3Y AVG
-5.28%
CURRENT VS 5Y AVG
-11.39%
CURRENT VS 10Y AVG
-15.51%
CURRENT VS 15Y AVG
-4.85%
CURRENT VS 20Y AVG
-0.31%
FCF Payout Ratio TTM
52.8%
Earnings Payout Ratio
57.3%
Dividend Yield
4.02%
FCF Yield
7.55%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $206.14M | $108.76M | 52.8% |
| 2025 | $203.50M | $103.50M | 50.9% |
| 2024 | $183.98M | $97.93M | 53.2% |
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 | 52.76% |
| 2026-03-31 | 43.39% |
| 2025-12-31 | 46.32% |
| 2025-09-30 | 41.14% |
| 2025-06-30 | 50.86% |
| 2025-03-31 | 68.94% |
| 2024-12-31 | 56.49% |
| 2024-09-30 | 58.81% |
| 2024-06-30 | 53.23% |
| 2024-03-31 | 49.29% |
| 2023-12-31 | 60.90% |
| 2023-09-30 | 73.98% |
| 2023-06-30 | 68.06% |
| 2023-03-31 | 74.95% |
| 2022-12-31 | 114.10% |
| 2022-09-30 | 320.34% |
| 2021-09-30 | 180.85% |
| 2021-06-30 | 94.10% |
| 2021-03-31 | 64.33% |
| 2020-12-31 | 77.11% |
| 2020-09-30 | 76.70% |
| 2020-06-30 | 85.84% |
| 2020-03-31 | 99.81% |
| 2019-12-31 | 81.75% |
| 2019-09-30 | 77.28% |
| 2019-06-30 | 55.33% |
| 2019-03-31 | 50.96% |
| 2018-12-31 | 46.03% |
| 2018-09-30 | 50.57% |
| 2018-06-30 | 49.76% |
| 2018-03-31 | 50.01% |
| 2017-12-31 | 50.60% |
| 2017-09-30 | 56.66% |
| 2017-06-30 | 50.26% |
| 2017-03-31 | 47.08% |
| 2016-12-31 | 45.76% |
| 2016-09-30 | 139.71% |
| 2016-06-30 | 151.33% |
| 2016-03-31 | 154.47% |
| 2015-12-31 | 168.68% |
| 2015-09-30 | 43.22% |
| 2015-06-30 | 43.48% |
| 2015-03-31 | 47.65% |
| 2014-12-31 | 47.09% |
| 2014-09-30 | 41.21% |
| 2014-06-30 | 41.53% |
| 2014-03-31 | 37.49% |
| 2013-12-31 | 34.07% |
| 2013-09-30 | 148.04% |
| 2013-06-30 | 165.59% |
| 2013-03-31 | 162.50% |
| 2012-12-31 | 166.49% |
| 2012-09-30 | 37.87% |
| 2012-06-30 | 36.25% |
| 2012-03-31 | 33.09% |
| 2011-12-31 | 34.08% |
| 2011-09-30 | 29.54% |
| 2011-06-30 | 31.84% |
| 2011-03-31 | 40.25% |
| 2010-12-31 | 38.08% |
| 2010-09-30 | 42.03% |
| 2010-06-30 | 35.24% |
| 2010-03-31 | 28.23% |
| 2009-12-31 | 24.75% |
| 2009-09-30 | 21.62% |
| 2009-06-30 | 26.15% |
| 2009-03-31 | 30.56% |
| 2008-12-31 | 35.95% |
| 2008-09-30 | 44.25% |
| 2008-06-30 | 42.59% |
| 2008-03-31 | 48.97% |
| 2007-12-31 | 52.38% |
| 2007-09-30 | 90.96% |
| 2007-06-30 | 87.90% |
| 2007-03-31 | 72.59% |
| 2006-12-31 | 69.17% |
| 2006-09-30 | 209.97% |
| 2006-06-30 | 290.33% |
| 2006-03-31 | 313.48% |
| 2005-12-31 | 306.43% |
| 2005-09-30 | 52.62% |
| 2005-06-30 | 36.23% |
| 2005-03-31 | 30.28% |
| 2004-12-31 | 28.17% |
| 2004-09-30 | 32.06% |
| 2004-06-30 | 31.29% |
| 2004-03-31 | 33.34% |
| 2003-12-31 | 29.83% |
| 2003-09-30 | 24.21% |
| 2003-06-30 | 22.34% |
| 2023 |
| $135.72M |
| $92.37M |
| 68.1% |
| 2022 | ($30.16M) | $86.76M | N/A (Loss) |
| 2021 | $86.32M | $81.23M | 94.1% |
| 2020 | $88.13M | $75.64M | 85.8% |
| 2019 | $126.72M | $70.11M | 55.3% |
| 2018 | $129.69M | $64.53M | 49.8% |
| 2017 | $117.35M | $58.98M | 50.3% |
| 2016 | $125.91M | $190.55M | 151.3% |
| 2015 | $114.47M | $49.78M | 43.5% |
| 2014 | $113.13M | $46.99M | 41.5% |
| 2013 | $107.53M | $178.06M | 165.6% |
| 2012 | $106.10M | $38.46M | 36.3% |
| 2011 | $112.11M | $35.70M | 31.8% |
| 2010 | $94.86M | $33.43M | 35.2% |
| 2009 | $121.83M | $31.85M | 26.1% |
| 2008 | $76.48M | $32.58M | 42.6% |
| 2007 | $38.34M | $33.70M | 87.9% |
| 2006 | $35.05M | $101.76M | 290.3% |
| 2005 | $93.99M | $34.05M | 36.2% |
| 2004 | $101.52M | $31.77M | 31.3% |
| 2003 | $126.04M | $28.15M | 22.3% |
| 2002 | $137.78M | $26.13M | 19.0% |
| 2001 | $103.58M | $25.18M | 24.3% |
| 2000 | $103.88M | $24.75M | 23.8% |
| 1999 | $90.60M | $24.60M | 27.2% |
| 1998 | $55.40M | $23.30M | 42.1% |
| 1997 | $76.00M | $21.10M | 27.8% |
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.
