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 46.57% is 168% above its 5-year average of 17.40%, near the high end of its 5-year range (8.50%–46.57%).
As of the fiscal period ended Sunday, June 28, 2026. 55.21% above its 12-month average of 30.01%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-28): 46.57%.
FCF PAYOUT RATIO
46.57%
FCF PAYOUT RATIO AVG TTM
30.01%
FCF PAYOUT RATIO AVG 3Y
18.46%
FCF PAYOUT RATIO AVG 5Y
17.40%
FCF PAYOUT RATIO AVG 10Y
16.22%
FCF PAYOUT RATIO AVG 15Y
16.22%
FCF PAYOUT RATIO AVG 20Y
15.62%
CURRENT VS TTM AVG
+55.21%
CURRENT VS 3Y AVG
+152.34%
CURRENT VS 5Y AVG
+167.64%
CURRENT VS 10Y AVG
+187.12%
CURRENT VS 15Y AVG
+187.12%
CURRENT VS 20Y AVG
+198.16%
FCF Payout Ratio TTM
46.6%
Earnings Payout Ratio
44.7%
Dividend Yield
2.85%
FCF Yield
5.87%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $241.91M | $55.27M | 22.8% |
| 2024 | $251.16M | $50.19M | 20.0% |
| 2023 | $349.69M | $42.14M | 12.1% |
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 |
|---|---|
| 2026-06-28 | 46.57% |
| 2026-03-29 | 29.81% |
| 2025-12-31 | 22.42% |
| 2025-09-28 | 28.97% |
| 2025-06-29 | 22.25% |
| 2025-03-30 | 22.83% |
| 2024-12-31 | 22.47% |
| 2024-09-29 | 17.66% |
| 2024-06-30 | 13.41% |
| 2024-03-31 | 11.37% |
| 2023-12-31 | 12.05% |
| 2023-10-01 | 9.74% |
| 2023-07-02 | 8.50% |
| 2023-04-02 | 10.03% |
| 2022-12-31 | 9.90% |
| 2022-09-25 | 12.20% |
| 2022-06-26 | 17.98% |
| 2022-03-27 | 26.23% |
| 2021-12-31 | 14.43% |
| 2021-09-26 | 18.37% |
| 2021-06-27 | 16.46% |
| 2021-03-28 | 15.37% |
| 2020-12-31 | 18.45% |
| 2020-09-27 | 14.83% |
| 2020-06-28 | 14.85% |
| 2020-03-29 | 7.63% |
| 2019-12-31 | 3.52% |
| 2006-06-30 | 0.00% |
| 2006-03-31 | 0.00% |
| 2003-12-31 | 2.92% |
| 2003-09-30 | 5.63% |
| 2003-06-30 | 19.93% |
| 2022 |
| $331.55M |
| $32.87M |
| 9.9% |
| 2021 | $187.33M | $27.02M | 14.4% |
| 2020 | $128.05M | $23.63M | 18.5% |
| 2019 | $164.75M | $5.80M | 3.5% |
| 2018 | $165.53M | $0 | 0.0% |
| 2017 | $77.40M | $0 | 0.0% |
| 2016 | $81.74M | $0 | 0.0% |
| 2015 | $57.67M | $0 | 0.0% |
| 2014 | $39.20M | $0 | 0.0% |
| 2013 | $13.76M | $0 | 0.0% |
| 2012 | $13.10M | $0 | 0.0% |
| 2011 | $9.38M | $0 | 0.0% |
| 2010 | $6.40M | $0 | 0.0% |
| 2009 | $3.40M | $0 | 0.0% |
| 2008 | ($2.51M) | $0 | N/A (Loss) |
| 2007 | $20.52M | $0 | 0.0% |
| 2006 | ($8.57M) | $0 | N/A (Loss) |
| 2005 | ($3.04M) | $0 | N/A (Loss) |
| 2004 | ($12.35M) | $0 | N/A (Loss) |
| 2003 | $6.27M | $0.18M | 2.9% |
| 2002 | $1.18M | $0.73M | 61.6% |
| 2001 | $3.63M | $0.73M | 20.1% |
| 2000 | $11.77M | $0.85M | 7.2% |
| 1999 | $10.58M | $0.92M | 8.7% |
| 1998 | ($1.30M) | $0.90M | N/A (Loss) |
| 1997 | $0.30M | $0.90M | 300.0% |
| 1996 | $8.20M | $1.00M | 12.2% |
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.
