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 52.57% is 22% above its 5-year average of 43.22%, near the low end of its 5-year range (21.09%–234.80%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.15% below its 12-month average of 53.17%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 52.57%.
FCF PAYOUT RATIO
52.57%
FCF PAYOUT RATIO AVG TTM
53.17%
FCF PAYOUT RATIO AVG 3Y
71.23%
FCF PAYOUT RATIO AVG 5Y
43.22%
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-1.15%
CURRENT VS 3Y AVG
-26.21%
CURRENT VS 5Y AVG
+21.63%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
52.6%
Earnings Payout Ratio
47.2%
Dividend Yield
2.43%
FCF Yield
4.64%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $144.36M | $85.55M | 59.3% |
| 2024 | $211.10M | $76.17M | 36.1% |
| 2023 | $28.42M | $66.73M | 234.8% |
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 | 52.57% |
| 2026-03-31 | 46.81% |
| 2025-12-31 | 59.26% |
| 2025-09-30 | 51.17% |
| 2025-06-30 | 56.07% |
| 2025-03-31 | 47.70% |
| 2024-12-31 | 36.08% |
| 2024-09-30 | 34.08% |
| 2024-06-30 | 38.46% |
| 2024-03-31 | 126.58% |
| 2023-12-31 | 234.80% |
| 2023-03-31 | 78.07% |
| 2022-12-31 | 71.59% |
| 2022-09-30 | 39.74% |
| 2022-06-30 | 27.23% |
| 2022-03-31 | 25.09% |
| 2021-12-31 | 25.71% |
| 2021-09-30 | 21.09% |
| 2021-06-30 | 23.95% |
| 2021-03-31 | 22.18% |
| 2020-12-31 | 23.56% |
| 2020-09-30 | 24.11% |
| 2020-06-30 | 19.62% |
| 2020-03-31 | 14.74% |
| 2019-12-31 | 11.53% |
| 2019-09-30 | 12.63% |
| 2019-06-30 | 12.26% |
| 2019-03-31 | 15.23% |
| 2018-12-31 | 11.74% |
| 2018-09-30 | 7.64% |
| 2018-06-30 | 9.10% |
| 2018-03-31 | 5.33% |
| 2017-12-31 | 5.46% |
| 2017-09-30 | 4.98% |
| 2017-06-30 | 3.29% |
| 2022 |
| $79.61M |
| $57.00M |
| 71.6% |
| 2021 | $147.55M | $37.93M | 25.7% |
| 2020 | $120.74M | $28.45M | 23.6% |
| 2019 | $163.45M | $18.85M | 11.5% |
| 2018 | $96.41M | $11.31M | 11.7% |
| 2017 | $103.56M | $5.65M | 5.5% |
| 2016 | ($22.95M) | $0 | N/A (Loss) |
| 2015 | $108.51M | $0 | 0.0% |
| 2014 | $41.12M | $0 | 0.0% |
| 2013 | $39.92M | $0 | 0.0% |
| 2012 | ($94.08M) | $0 | N/A (Loss) |
| 2011 | $13.35M | $0 | 0.0% |
| 2010 | ($4.57M) | $0 | N/A (Loss) |
| 2009 | ($14.87M) | $0 | N/A (Loss) |
| 2008 | ($9.06M) | $0 | N/A (Loss) |
| 2007 | ($12.32M) | $0 | N/A (Loss) |
| 2006 | ($7.05M) | $0 | N/A (Loss) |
| 2005 | ($6.00M) | $0 | N/A (Loss) |
| 2004 | ($14.38M) | $0 | N/A (Loss) |
| 2003 | ($6.75M) | $0 | N/A (Loss) |
| 2002 | ($5.93M) | $0 | N/A (Loss) |
| 2001 | ($9.45M) | $0 | N/A (Loss) |
| 2000 | ($7.65M) | $0 | N/A (Loss) |
| 1999 | ($7.53M) | $0 | N/A (Loss) |
| 1998 | ($2.20M) | $0 | N/A (Loss) |
| 1997 | ($2.40M) | $0 | N/A (Loss) |
| 1996 | ($2.50M) | $0 | 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.
