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 11.73% is in line with its 5-year average of 12.36%, near the low end of its 5-year range (5.68%–27.13%).
As of the fiscal period ended Tuesday, March 31, 2026. 10.18% above its 12-month average of 10.64%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
11.73%
FCF PAYOUT RATIO AVG TTM
10.64%
FCF PAYOUT RATIO AVG 3Y
8.98%
FCF PAYOUT RATIO AVG 5Y
9.64%
FCF PAYOUT RATIO AVG 10Y
24.29%
FCF PAYOUT RATIO AVG 15Y
28.33%
FCF PAYOUT RATIO AVG 20Y
37.16%
CURRENT VS TTM AVG
+10.18%
CURRENT VS 3Y AVG
+30.52%
CURRENT VS 5Y AVG
+21.65%
CURRENT VS 10Y AVG
-51.73%
CURRENT VS 15Y AVG
-58.61%
CURRENT VS 20Y AVG
-68.45%
FCF Payout Ratio TTM
11.7%
Earnings Payout Ratio
11.6%
Dividend Yield
0.28%
FCF Yield
2.37%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $33.34M | $4.12M | 12.4% |
| 2024 | $52.83M | $4.08M | 7.7% |
| 2023 | $72.31M | $4.11M | 5.7% |
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 |
|---|---|
| 2026-03-31 | 11.73% |
| 2025-12-31 | 12.35% |
| 2025-09-30 | 9.76% |
| 2025-06-30 | 10.37% |
| 2025-03-31 | 9.00% |
| 2024-12-31 | 7.72% |
| 2024-09-30 | 9.42% |
| 2024-06-30 | 5.82% |
| 2024-03-31 | 7.15% |
| 2023-12-31 | 5.68% |
| 2023-09-30 | 6.59% |
| 2023-06-30 | 12.22% |
| 2023-03-31 | 26.69% |
| 2021-12-31 | 27.13% |
| 2021-09-30 | 21.28% |
| 2021-06-30 | 15.61% |
| 2021-03-31 | 11.53% |
| 2020-12-31 | 24.51% |
| 2020-09-30 | 50.09% |
| 2020-06-30 | 331.46% |
| 2019-09-30 | 33.89% |
| 2019-06-30 | 81.69% |
| 2019-03-31 | 26.98% |
| 2018-12-31 | 30.40% |
| 2018-09-30 | 47.83% |
| 2018-06-30 | 14.95% |
| 2018-03-31 | 17.96% |
| 2017-12-31 | 18.14% |
| 2017-09-30 | 26.52% |
| 2017-06-30 | 49.79% |
| 2017-03-31 | 233.60% |
| 2016-12-31 | 333.87% |
| 2016-09-30 | 56.80% |
| 2016-03-31 | 63.49% |
| 2015-12-31 | 46.34% |
| 2015-09-30 | 198.24% |
| 2015-06-30 | 39.13% |
| 2015-03-31 | 32.31% |
| 2014-12-31 | 58.11% |
| 2014-09-30 | 52.40% |
| 2013-12-31 | 456.44% |
| 2013-09-30 | 53.18% |
| 2013-06-30 | 20.51% |
| 2013-03-31 | 23.15% |
| 2012-12-31 | 22.13% |
| 2012-09-30 | 28.27% |
| 2012-06-30 | 36.41% |
| 2012-03-31 | 200.50% |
| 2011-09-30 | 42.40% |
| 2011-06-30 | 36.57% |
| 2011-03-31 | 30.77% |
| 2010-12-31 | 26.47% |
| 2010-09-30 | 37.89% |
| 2010-06-30 | 37.71% |
| 2010-03-31 | 30.91% |
| 2009-12-31 | 23.28% |
| 2009-09-30 | 24.18% |
| 2009-06-30 | 29.28% |
| 2009-03-31 | 45.63% |
| 2008-12-31 | 51.43% |
| 2008-09-30 | 42.88% |
| 2008-06-30 | 64.72% |
| 2008-03-31 | 41.83% |
| 2007-12-31 | 85.37% |
| 2007-09-30 | 68.66% |
| 2007-06-30 | 49.22% |
| 2007-03-31 | 77.22% |
| 2006-12-31 | 98.88% |
| 2006-09-30 | 103.74% |
| 2006-06-30 | 103.55% |
| 2006-03-31 | 98.01% |
| 2005-12-31 | 33.10% |
| 2005-09-30 | 49.27% |
| 2005-06-30 | 45.50% |
| 2005-03-31 | 52.69% |
| 2004-12-31 | 68.74% |
| 2004-09-30 | 37.12% |
| 2004-06-30 | 44.58% |
| 2004-03-31 | 32.59% |
| 2003-12-31 | 27.66% |
| 2003-09-30 | 32.60% |
| 2003-06-30 | 25.35% |
| 2003-03-31 | 33.10% |
| 2022 |
| ($14.45M) |
| $4.10M |
| N/A (Loss) |
| 2021 | $15.21M | $4.13M | 27.1% |
| 2020 | $17.07M | $4.18M | 24.5% |
| 2019 | ($2.25M) | $4.23M | N/A (Loss) |
| 2018 | $13.45M | $4.09M | 30.4% |
| 2017 | $22.60M | $4.10M | 18.1% |
| 2016 | $1.25M | $4.17M | 333.9% |
| 2015 | $9.47M | $4.39M | 46.3% |
| 2014 | $7.59M | $4.41M | 58.1% |
| 2013 | $0.51M | $2.31M | 456.4% |
| 2012 | $29.34M | $6.49M | 22.1% |
| 2011 | ($1.86M) | $4.38M | N/A (Loss) |
| 2010 | $16.41M | $4.34M | 26.5% |
| 2009 | $18.35M | $4.27M | 23.3% |
| 2008 | $8.26M | $4.25M | 51.4% |
| 2007 | $5.03M | $4.29M | 85.4% |
| 2006 | $4.56M | $4.51M | 98.9% |
| 2005 | $13.83M | $4.58M | 33.1% |
| 2004 | $6.68M | $4.59M | 68.7% |
| 2003 | $16.71M | $4.62M | 27.7% |
| 2002 | $13.88M | $4.62M | 33.3% |
| 2001 | $10.98M | $4.03M | 36.7% |
| 2000 | $9.12M | $3.48M | 38.2% |
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.
