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 28.98% is 31% above its 5-year average of 22.10%, around the middle of its 5-year range (6.24%–53.51%).
As of the fiscal period ended Tuesday, June 30, 2026. 15.44% below its 12-month average of 34.27%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 28.98%.
FCF PAYOUT RATIO
28.98%
FCF PAYOUT RATIO AVG TTM
34.27%
FCF PAYOUT RATIO AVG 3Y
18.54%
FCF PAYOUT RATIO AVG 5Y
22.10%
FCF PAYOUT RATIO AVG 10Y
22.48%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-15.44%
CURRENT VS 3Y AVG
+56.25%
CURRENT VS 5Y AVG
+31.12%
CURRENT VS 10Y AVG
+28.89%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
29.0%
Earnings Payout Ratio
17.1%
Dividend Yield
1.41%
FCF Yield
4.71%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $9.72M | $4.63M | 47.7% |
| 2024 | $48.10M | $4.61M | 9.6% |
| 2023 | $69.66M | $4.57M | 6.6% |
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 | 28.98% |
| 2026-03-31 | 46.76% |
| 2025-12-31 | 47.66% |
| 2025-09-30 | 29.09% |
| 2025-06-30 | 18.85% |
| 2025-03-31 | 14.66% |
| 2024-12-31 | 9.59% |
| 2024-09-30 | 6.90% |
| 2024-06-30 | 6.24% |
| 2024-03-31 | 6.89% |
| 2023-12-31 | 6.55% |
| 2023-09-30 | 8.20% |
| 2023-06-30 | 10.72% |
| 2023-03-31 | 22.46% |
| 2022-12-31 | 36.53% |
| 2021-06-30 | 53.51% |
| 2021-03-31 | 38.28% |
| 2020-12-31 | 20.75% |
| 2020-09-30 | 19.54% |
| 2020-06-30 | 24.86% |
| 2020-03-31 | 31.57% |
| 2019-12-31 | 38.45% |
| 2019-09-30 | 55.10% |
| 2019-06-30 | 30.76% |
| 2019-03-31 | 29.81% |
| 2018-12-31 | 26.13% |
| 2018-09-30 | 23.36% |
| 2018-06-30 | 21.53% |
| 2018-03-31 | 23.53% |
| 2017-12-31 | 25.54% |
| 2017-09-30 | 15.27% |
| 2017-06-30 | 17.22% |
| 2017-03-31 | 15.94% |
| 2016-12-31 | 21.42% |
| 2016-09-30 | 17.50% |
| 2016-06-30 | 22.83% |
| 2016-03-31 | 18.86% |
| 2015-12-31 | 22.30% |
| 2015-09-30 | 37.23% |
| 2015-06-30 | 27.07% |
| 2015-03-31 | 96.70% |
| 2014-12-31 | 54.59% |
| 2013-09-30 | 74.46% |
| 2013-06-30 | 440.40% |
| 2022 |
| $12.42M |
| $4.54M |
| 36.5% |
| 2021 | ($75.93M) | $4.30M | N/A (Loss) |
| 2020 | $19.73M | $4.09M | 20.8% |
| 2019 | $10.37M | $3.99M | 38.5% |
| 2018 | $13.33M | $3.48M | 26.1% |
| 2017 | $12.80M | $3.27M | 25.5% |
| 2016 | $15.39M | $3.30M | 21.4% |
| 2015 | $14.59M | $3.25M | 22.3% |
| 2014 | $5.53M | $3.02M | 54.6% |
| 2013 | ($10.24M) | $2.25M | N/A (Loss) |
| 2012 | $11.79M | $0 | 0.0% |
| 2011 | ($1.08M) | $0 | N/A (Loss) |
| 2010 | $9.29M | $0 | 0.0% |
| 2009 | $30.92M | $0 | 0.0% |
| 2008 | $13.48M | $0 | 0.0% |
| 2007 | $10.55M | $0 | 0.0% |
| 2006 | ($5.06M) | $0 | N/A (Loss) |
| 2005 | $2.41M | $0 | 0.0% |
| 2004 | $2.14M | $0 | 0.0% |
| 2003 | ($3.87M) | $0 | N/A (Loss) |
| 2002 | $7.75M | $0 | 0.0% |
| 2001 | $10.88M | $0 | 0.0% |
| 2000 | $6.01M | $0 | 0.0% |
| 1999 | ($4.60M) | $0 | N/A (Loss) |
| 1998 | ($14.70M) | $0 | N/A (Loss) |
| 1997 | ($10.90M) | $0 | N/A (Loss) |
| 1996 | ($3.50M) | $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.
