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 6.74% is 60% below its 5-year average of 16.67%, near the low end of its 5-year range (4.78%–64.65%).
As of the fiscal period ended Tuesday, March 31, 2026. 47.23% below its 12-month average of 12.77%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
6.74%
FCF PAYOUT RATIO AVG TTM
12.77%
FCF PAYOUT RATIO AVG 3Y
12.13%
FCF PAYOUT RATIO AVG 5Y
13.24%
FCF PAYOUT RATIO AVG 10Y
19.28%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-47.23%
CURRENT VS 3Y AVG
-44.45%
CURRENT VS 5Y AVG
-49.12%
CURRENT VS 10Y AVG
-65.06%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
6.7%
Earnings Payout Ratio
7.2%
Dividend Yield
0.15%
FCF Yield
2.27%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $154.79M | $12.87M | 8.3% |
| 2024 | $96.68M | $12.65M | 13.1% |
| 2023 | $174.73M | $12.41M | 7.1% |
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 |
|---|---|
| 2026-03-31 | 6.74% |
| 2025-12-31 | 8.00% |
| 2025-09-30 | 8.31% |
| 2025-06-30 | 15.82% |
| 2025-03-31 | 24.96% |
| 2024-12-31 | 26.00% |
| 2024-09-30 | 13.12% |
| 2024-06-30 | 6.83% |
| 2024-03-31 | 5.67% |
| 2023-12-31 | 4.78% |
| 2023-09-30 | 7.10% |
| 2023-06-30 | 9.90% |
| 2023-03-31 | 20.43% |
| 2022-12-31 | 64.65% |
| 2021-03-31 | 27.73% |
| 2020-12-31 | 29.17% |
| 2020-09-30 | 17.94% |
| 2020-06-30 | 14.54% |
| 2020-03-31 | 27.13% |
| 2019-12-31 | 21.51% |
| 2019-09-30 | 18.60% |
| 2019-06-30 | 43.20% |
| 2019-03-31 | 267.88% |
| 2018-03-31 | 664.90% |
| 2017-12-31 | 79.39% |
| 2017-09-30 | 35.79% |
| 2017-06-30 | 32.37% |
| 2017-03-31 | 18.04% |
| 2016-12-31 | 23.23% |
| 2016-09-30 | 16.48% |
| 2016-06-30 | 22.20% |
| 2016-03-31 | 34.26% |
| 2015-12-31 | 28.21% |
| 2015-06-30 | 427.50% |
| 2013-12-31 | 32.71% |
| 2022 |
| ($6.03M) |
| $12.23M |
| N/A (Loss) |
| 2021 | ($33.35M) | $12.14M | N/A (Loss) |
| 2020 | $67.26M | $12.07M | 17.9% |
| 2019 | $64.50M | $12.00M | 18.6% |
| 2018 | ($33.05M) | $11.92M | N/A (Loss) |
| 2017 | $33.18M | $11.88M | 35.8% |
| 2016 | $71.86M | $11.85M | 16.5% |
| 2015 | ($21.80M) | $12.36M | N/A (Loss) |
| 2014 | ($7.37M) | $12.00M | N/A (Loss) |
| 2013 | $17.39M | $0 | 0.0% |
| 2012 | ($35.03M) | $0 | N/A (Loss) |
| 2011 | $8.14M | $0 | 0.0% |
| 2010 | $59.71M | $0 | 0.0% |
| 2009 | $118.90M | $0 | 0.0% |
| 2008 | ($8.62M) | $0 | N/A (Loss) |
| 2007 | ($2.18M) | $0 | N/A (Loss) |
| 2006 | ($13.13M) | $0 | N/A (Loss) |
| 2005 | ($27.30M) | $0 | N/A (Loss) |
| 2004 | $18.44M | $0 | 0.0% |
| 2003 | $31.93M | $0 | 0.0% |
| 2002 | $17.79M | $0 | 0.0% |
| 2001 | ($12.35M) | $0 | N/A (Loss) |
| 2000 | ($2.22M) | $0 | N/A (Loss) |
| 1999 | $13.30M | $0 | 0.0% |
| 1998 | ($8.70M) | $0 | N/A (Loss) |
| 1997 | ($9.20M) | $0 | N/A (Loss) |
| 1996 | $8.50M | $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.
