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 59.77% is 15% above its 5-year average of 51.79%, around the middle of its 5-year range (17.76%–101.34%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.39% above its 12-month average of 57.25%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 59.77%.
FCF PAYOUT RATIO
59.77%
FCF PAYOUT RATIO AVG TTM
57.25%
FCF PAYOUT RATIO AVG 3Y
70.17%
FCF PAYOUT RATIO AVG 5Y
51.79%
FCF PAYOUT RATIO AVG 10Y
39.77%
FCF PAYOUT RATIO AVG 15Y
30.29%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+4.39%
CURRENT VS 3Y AVG
-14.83%
CURRENT VS 5Y AVG
+15.39%
CURRENT VS 10Y AVG
+50.28%
CURRENT VS 15Y AVG
+97.34%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
59.8%
Earnings Payout Ratio
192.2%
Dividend Yield
1.59%
FCF Yield
2.65%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $87.12M | $47.17M | 54.1% |
| 2024 | $63.90M | $46.04M | 72.1% |
| 2023 | $44.88M | $44.01M | 98.1% |
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 |
|---|---|
| 2026-06-30 | 59.77% |
| 2026-03-31 | 55.81% |
| 2025-12-31 | 54.14% |
| 2025-09-30 | 59.63% |
| 2025-06-30 | 56.93% |
| 2025-03-31 | 63.86% |
| 2024-12-31 | 72.05% |
| 2024-09-30 | 72.90% |
| 2024-06-30 | 82.77% |
| 2024-03-31 | 101.34% |
| 2023-12-31 | 98.07% |
| 2023-09-30 | 80.87% |
| 2023-06-30 | 54.11% |
| 2023-03-31 | 32.39% |
| 2022-12-31 | 23.56% |
| 2022-09-30 | 21.42% |
| 2022-06-30 | 19.76% |
| 2022-03-31 | 18.03% |
| 2021-12-31 | 17.76% |
| 2021-09-30 | 18.27% |
| 2021-06-30 | 24.21% |
| 2021-03-31 | 31.24% |
| 2020-12-31 | 45.57% |
| 2020-09-30 | 11.19% |
| 2020-06-30 | 9.83% |
| 2020-03-31 | 9.79% |
| 2019-12-31 | 10.29% |
| 2019-09-30 | 48.39% |
| 2019-06-30 | 49.55% |
| 2019-03-31 | 40.35% |
| 2018-12-31 | 32.24% |
| 2018-09-30 | 26.16% |
| 2018-06-30 | 24.14% |
| 2018-03-31 | 29.41% |
| 2017-12-31 | 33.57% |
| 2017-09-30 | 33.43% |
| 2017-06-30 | 29.47% |
| 2017-03-31 | 23.06% |
| 2016-12-31 | 17.57% |
| 2016-09-30 | 17.64% |
| 2016-06-30 | 19.97% |
| 2016-03-31 | 19.02% |
| 2015-12-31 | 19.76% |
| 2015-09-30 | 24.94% |
| 2015-06-30 | 20.97% |
| 2015-03-31 | 20.98% |
| 2014-12-31 | 21.07% |
| 2014-09-30 | 15.77% |
| 2014-06-30 | 13.91% |
| 2014-03-31 | 12.89% |
| 2013-12-31 | 11.15% |
| 2013-09-30 | 10.37% |
| 2013-06-30 | 22.07% |
| 2013-03-31 | 17.05% |
| 2012-12-31 | 16.22% |
| 2012-09-30 | 28.99% |
| 2012-06-30 | 9.74% |
| 2012-03-31 | 9.25% |
| 2011-12-31 | 12.45% |
| 2011-09-30 | 19.46% |
| 2011-06-30 | 29.70% |
| 2011-03-31 | 39.10% |
| 2010-12-31 | 18.97% |
| 2010-09-30 | 10.39% |
| 2010-06-30 | 7.74% |
| 2010-03-31 | 7.74% |
| 2009-12-31 | 8.80% |
| 2009-09-30 | 9.17% |
| 2009-06-30 | 9.54% |
| 2009-03-31 | 7.01% |
| 2008-12-31 | 2.69% |
| 2022 |
| $176.13M |
| $41.49M |
| 23.6% |
| 2021 | $183.60M | $32.60M | 17.8% |
| 2020 | $55.04M | $25.08M | 45.6% |
| 2019 | $199.36M | $20.51M | 10.3% |
| 2018 | $58.39M | $18.82M | 32.2% |
| 2017 | $49.54M | $16.63M | 33.6% |
| 2016 | $85.70M | $15.05M | 17.6% |
| 2015 | $70.44M | $13.92M | 19.8% |
| 2014 | $62.49M | $13.16M | 21.1% |
| 2013 | $84.71M | $9.45M | 11.2% |
| 2012 | $35.47M | $5.75M | 16.2% |
| 2011 | $45.97M | $5.72M | 12.4% |
| 2010 | $29.41M | $5.58M | 19.0% |
| 2009 | $31.82M | $2.70M | 8.5% |
| 2008 | $27.10M | $0.73M | 2.7% |
| 2007 | $51.66M | $0 | 0.0% |
| 2006 | $16.15M | $0 | 0.0% |
| 2005 | $31.73M | $0 | 0.0% |
| 2004 | $21.98M | $0 | 0.0% |
| 2003 | ($17.40M) | $0 | N/A (Loss) |
| 2002 | $27.02M | $0 | 0.0% |
| 2001 | $8.59M | $0 | 0.0% |
| 2000 | ($2.00M) | $0 | N/A (Loss) |
| 1999 | $16.30M | $0 | 0.0% |
| 1998 | $16.55M | $0 | 0.0% |
| 1997 | $6.70M | $0 | 0.0% |
| 1996 | $0.60M | $0 | 0.0% |
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.
