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 10.52% is 21% below its 5-year average of 13.26%, near the low end of its 5-year range (3.01%–57.12%).
As of the fiscal period ended Tuesday, March 31, 2026. 109.96% above its 12-month average of 5.01%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
10.52%
FCF PAYOUT RATIO AVG TTM
5.01%
FCF PAYOUT RATIO AVG 3Y
7.01%
FCF PAYOUT RATIO AVG 5Y
6.89%
FCF PAYOUT RATIO AVG 10Y
8.81%
FCF PAYOUT RATIO AVG 15Y
14.11%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+109.96%
CURRENT VS 3Y AVG
+50.00%
CURRENT VS 5Y AVG
+52.61%
CURRENT VS 10Y AVG
+19.33%
CURRENT VS 15Y AVG
-25.46%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
10.5%
Earnings Payout Ratio
6.3%
Dividend Yield
0.37%
FCF Yield
3.47%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $340.50M | $17.30M | 5.1% |
| 2024 | $381.76M | $12.87M | 3.4% |
| 2023 | $95.55M | $12.78M | 13.4% |
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 | 10.52% |
| 2025-12-31 | 5.08% |
| 2025-09-30 | 3.30% |
| 2025-06-30 | 3.01% |
| 2025-03-31 | 3.13% |
| 2024-12-31 | 3.37% |
| 2024-09-30 | 4.33% |
| 2024-06-30 | 7.47% |
| 2024-03-31 | 6.89% |
| 2023-12-31 | 13.38% |
| 2023-09-30 | 16.65% |
| 2023-06-30 | 57.12% |
| 2021-09-30 | 52.20% |
| 2021-06-30 | 7.85% |
| 2021-03-31 | 4.61% |
| 2020-12-31 | 4.68% |
| 2020-09-30 | 4.22% |
| 2020-06-30 | 5.53% |
| 2020-03-31 | 12.70% |
| 2019-12-31 | 51.99% |
| 2018-12-31 | 74.24% |
| 2018-03-31 | 18.13% |
| 2017-12-31 | 10.38% |
| 2017-09-30 | 10.30% |
| 2017-06-30 | 10.08% |
| 2017-03-31 | 13.83% |
| 2016-12-31 | 250.20% |
| 2016-09-30 | 23.27% |
| 2014-06-30 | 71.22% |
| 2013-09-30 | 37.05% |
| 2012-12-31 | 12.62% |
| 2012-03-31 | 30.57% |
| 2011-12-31 | 47.93% |
| 2011-09-30 | 6.70% |
| 2011-06-30 | 4.44% |
| 2011-03-31 | 5.27% |
| 2010-12-31 | 11.11% |
| 2010-06-30 | 113.61% |
| 2010-03-31 | 112.63% |
| 2009-12-31 | 48.96% |
| 2009-09-30 | 258.74% |
| 2009-06-30 | 377.04% |
| 2009-03-31 | 273.00% |
| 2008-12-31 | 326.01% |
| 2022 |
| ($11.34M) |
| $12.78M |
| N/A (Loss) |
| 2021 | ($54.09M) | $12.56M | N/A (Loss) |
| 2020 | $247.57M | $11.59M | 4.7% |
| 2019 | $24.45M | $12.21M | 49.9% |
| 2018 | $16.63M | $12.34M | 74.2% |
| 2017 | $109.16M | $11.33M | 10.4% |
| 2016 | $4.55M | $11.38M | 250.2% |
| 2015 | ($18.72M) | $9.81M | N/A (Loss) |
| 2014 | ($51.85M) | $7.48M | N/A (Loss) |
| 2013 | ($9.30M) | $5.16M | N/A (Loss) |
| 2012 | $61.00M | $7.70M | 12.6% |
| 2011 | $11.10M | $5.32M | 47.9% |
| 2010 | $57.33M | $4.40M | 7.7% |
| 2009 | $16.61M | $8.13M | 49.0% |
| 2008 | $55.96M | $0.75M | 1.3% |
| 2007 | ($0.32M) | $0 | N/A (Loss) |
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.
