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 58.71% is 21% below its 5-year average of 74.43%, near the low end of its 5-year range (6.50%–191.61%).
As of the fiscal period ended Tuesday, June 30, 2026. 28.83% below its 12-month average of 82.49%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
58.71%
FCF PAYOUT RATIO AVG TTM
82.49%
FCF PAYOUT RATIO AVG 3Y
102.54%
FCF PAYOUT RATIO AVG 5Y
74.43%
FCF PAYOUT RATIO AVG 10Y
68.43%
FCF PAYOUT RATIO AVG 15Y
62.30%
FCF PAYOUT RATIO AVG 20Y
54.12%
CURRENT VS TTM AVG
-28.83%
CURRENT VS 3Y AVG
-42.75%
CURRENT VS 5Y AVG
-21.12%
CURRENT VS 10Y AVG
-14.21%
CURRENT VS 15Y AVG
-5.76%
CURRENT VS 20Y AVG
+8.47%
FCF Payout Ratio TTM
58.7%
Earnings Payout Ratio
115.4%
Dividend Yield
2.87%
FCF Yield
4.70%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $15.74M | $10.98M | 69.7% |
| 2024 | $19.18M | $11.45M | 59.7% |
| 2023 | $22.33M | $36.37M | 162.8% |
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 | 58.71% |
| 2026-03-31 | 67.89% |
| 2025-12-31 | 69.73% |
| 2025-09-30 | 95.49% |
| 2025-06-30 | 120.63% |
| 2025-03-31 | 75.76% |
| 2024-12-31 | 59.72% |
| 2024-09-30 | 46.00% |
| 2024-06-30 | 159.60% |
| 2024-03-31 | 141.42% |
| 2023-12-31 | 162.83% |
| 2023-09-30 | 191.61% |
| 2023-06-30 | 83.64% |
| 2023-03-31 | 82.71% |
| 2022-12-31 | 79.31% |
| 2022-09-30 | 59.02% |
| 2022-06-30 | 47.06% |
| 2022-03-31 | 36.53% |
| 2021-12-31 | 22.43% |
| 2021-09-30 | 13.52% |
| 2021-06-30 | 6.50% |
| 2021-03-31 | 11.76% |
| 2020-12-31 | 28.69% |
| 2020-09-30 | 46.64% |
| 2020-06-30 | 57.23% |
| 2020-03-31 | 55.46% |
| 2019-12-31 | 86.32% |
| 2019-09-30 | 80.26% |
| 2019-06-30 | 94.28% |
| 2019-03-31 | 89.84% |
| 2018-12-31 | 49.77% |
| 2018-09-30 | 63.73% |
| 2018-06-30 | 55.06% |
| 2018-03-31 | 71.85% |
| 2017-12-31 | 72.47% |
| 2017-09-30 | 62.10% |
| 2017-06-30 | 68.69% |
| 2017-03-31 | 53.78% |
| 2016-12-31 | 124.84% |
| 2016-09-30 | 129.81% |
| 2016-06-30 | 131.84% |
| 2016-03-31 | 123.28% |
| 2015-12-31 | 53.06% |
| 2015-09-30 | 42.49% |
| 2015-06-30 | 23.55% |
| 2015-03-31 | 12.58% |
| 2014-09-30 | 9.80% |
| 2014-06-30 | 9.70% |
| 2014-03-31 | 11.27% |
| 2013-12-31 | 25.01% |
| 2013-09-30 | 75.34% |
| 2013-06-30 | 104.65% |
| 2013-03-31 | 98.46% |
| 2012-12-31 | 103.45% |
| 2012-09-30 | 44.33% |
| 2012-06-30 | 42.54% |
| 2012-03-31 | 44.26% |
| 2011-12-31 | 37.73% |
| 2011-09-30 | 41.04% |
| 2011-06-30 | 47.93% |
| 2011-03-31 | 51.35% |
| 2010-12-31 | 38.74% |
| 2010-09-30 | 34.07% |
| 2010-06-30 | 33.87% |
| 2010-03-31 | 31.76% |
| 2009-12-31 | 39.63% |
| 2009-09-30 | 39.02% |
| 2009-06-30 | 32.80% |
| 2009-03-31 | 28.48% |
| 2008-12-31 | 30.50% |
| 2008-09-30 | 28.62% |
| 2008-06-30 | 30.81% |
| 2008-03-31 | 34.58% |
| 2007-12-31 | 26.36% |
| 2007-09-30 | 31.77% |
| 2007-06-30 | 28.34% |
| 2007-03-31 | 34.11% |
| 2006-12-31 | 51.43% |
| 2006-09-30 | 34.07% |
| 2006-06-30 | 43.43% |
| 2006-03-31 | 31.72% |
| 2005-12-31 | 24.09% |
| 2005-09-30 | 22.09% |
| 2005-06-30 | 16.73% |
| 2005-03-31 | 10.84% |
| 2022 |
| $26.43M |
| $20.96M |
| 79.3% |
| 2021 | $40.83M | $9.16M | 22.4% |
| 2020 | $36.65M | $10.52M | 28.7% |
| 2019 | $36.26M | $31.30M | 86.3% |
| 2018 | $33.88M | $16.86M | 49.8% |
| 2017 | $23.27M | $16.87M | 72.5% |
| 2016 | $22.87M | $28.55M | 124.8% |
| 2015 | $18.95M | $10.05M | 53.1% |
| 2014 | $23.70M | $0 | 0.0% |
| 2013 | $17.13M | $2.14M | 12.5% |
| 2012 | $16.78M | $17.36M | 103.4% |
| 2011 | $15.67M | $5.91M | 37.7% |
| 2010 | $13.06M | $5.06M | 38.7% |
| 2009 | $10.76M | $4.26M | 39.6% |
| 2008 | $12.36M | $3.77M | 30.5% |
| 2007 | $12.61M | $3.32M | 26.4% |
| 2006 | $5.36M | $2.76M | 51.4% |
| 2005 | $7.10M | $0 | 0.0% |
| 2004 | $5.75M | $0 | 0.0% |
| 2003 | $6.58M | $0 | 0.0% |
| 2002 | $2.75M | $0 | 0.0% |
| 2001 | $1.54M | $0 | 0.0% |
| 2000 | ($4.17M) | $0 | N/A (Loss) |
| 1999 | ($1.40M) | $0 | N/A (Loss) |
| 1998 | ($3.80M) | $0 | N/A (Loss) |
| 1997 | $1.20M | $4.40M | 366.7% |
| 1996 | $6.00M | $3.30M | 55.0% |
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.
