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 0.16% is 99% below its 5-year average of 12.57%, near the low end of its 5-year range (0.16%–18.74%).
As of the fiscal period ended Monday, August 31, 2026. 85.39% below its 12-month average of 1.07%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q3 FY2026 (2026-08-31): 0.16%.
FCF PAYOUT RATIO
0.16%
FCF PAYOUT RATIO AVG TTM
1.07%
FCF PAYOUT RATIO AVG 3Y
9.57%
FCF PAYOUT RATIO AVG 5Y
12.57%
FCF PAYOUT RATIO AVG 10Y
18.09%
FCF PAYOUT RATIO AVG 15Y
14.77%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-85.39%
CURRENT VS 3Y AVG
-98.36%
CURRENT VS 5Y AVG
-98.75%
CURRENT VS 10Y AVG
-99.13%
CURRENT VS 15Y AVG
-98.94%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
0.2%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
20.92%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $229.49M | $0.79M | 0.3% |
| 2024 | $206.29M | $31.46M | 15.3% |
| 2023 | $168.35M | $31.55M | 18.7% |
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 |
|---|---|
| 2026-08-31 | 0.16% |
| 2026-05-31 | 0.16% |
| 2026-02-28 | 0.24% |
| 2025-11-30 | 0.34% |
| 2025-08-31 | 4.45% |
| 2025-05-31 | 9.38% |
| 2025-02-28 | 11.61% |
| 2024-11-30 | 15.25% |
| 2024-08-31 | 14.39% |
| 2024-05-31 | 15.25% |
| 2024-02-29 | 16.50% |
| 2023-11-30 | 18.74% |
| 2023-08-31 | 17.96% |
| 2023-05-31 | 18.62% |
| 2023-02-28 | 16.55% |
| 2022-11-30 | 16.69% |
| 2022-08-31 | 16.52% |
| 2022-05-31 | 16.86% |
| 2022-02-28 | 18.14% |
| 2021-11-30 | 18.15% |
| 2021-08-31 | 18.02% |
| 2021-05-31 | 18.40% |
| 2021-02-28 | 20.19% |
| 2020-11-30 | 21.61% |
| 2020-08-31 | 22.01% |
| 2020-05-31 | 22.20% |
| 2020-02-29 | 21.37% |
| 2019-11-30 | 22.30% |
| 2019-08-31 | 23.99% |
| 2019-05-31 | 24.69% |
| 2019-02-28 | 24.20% |
| 2018-11-30 | 22.60% |
| 2018-08-31 | 21.02% |
| 2018-05-31 | 22.10% |
| 2018-02-28 | 25.81% |
| 2017-11-30 | 23.58% |
| 2017-08-31 | 17.42% |
| 2017-05-31 | 11.05% |
| 2017-02-28 | 5.38% |
| 2012-08-31 | 0.37% |
| 2012-05-31 | 0.36% |
| 2012-02-29 | 0.28% |
| 2011-11-30 | 0.25% |
| 2022 |
| $186.07M |
| $31.06M |
| 16.7% |
| 2021 | $173.88M | $31.56M | 18.2% |
| 2020 | $138.33M | $29.90M | 21.6% |
| 2019 | $124.49M | $27.76M | 22.3% |
| 2018 | $114.10M | $25.79M | 22.6% |
| 2017 | $102.31M | $24.13M | 23.6% |
| 2016 | $97.06M | $0 | 0.0% |
| 2015 | $95.69M | $0 | 0.0% |
| 2014 | $95.89M | $0 | 0.0% |
| 2013 | ($0.48M) | $0 | N/A (Loss) |
| 2012 | $96.38M | $0 | 0.0% |
| 2011 | $109.25M | $0 | 0.0% |
| 2010 | $86.54M | $0 | 0.0% |
| 2009 | $55.39M | $0 | 0.0% |
| 2008 | $78.97M | $0 | 0.0% |
| 2007 | $83.72M | $0 | 0.0% |
| 2006 | $46.18M | $0 | 0.0% |
| 2005 | $69.72M | $0 | 0.0% |
| 2004 | $61.47M | $0 | 0.0% |
| 2003 | $50.55M | $0 | 0.0% |
| 2002 | $37.64M | $0 | 0.0% |
| 2001 | $22.99M | $0 | 0.0% |
| 2000 | $15.77M | $0 | 0.0% |
| 1999 | $51.80M | $0 | 0.0% |
| 1998 | $43.50M | $0 | 0.0% |
| 1997 | $23.70M | $0 | 0.0% |
| 1996 | $13.40M | $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.
