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 60.00% is 20% below its 5-year average of 74.84%, near the low end of its 5-year range (35.29%–210.99%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.64% below its 12-month average of 63.59%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 60.00%.
FCF PAYOUT RATIO
60.00%
FCF PAYOUT RATIO AVG TTM
63.59%
FCF PAYOUT RATIO AVG 3Y
52.62%
FCF PAYOUT RATIO AVG 5Y
74.84%
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-5.64%
CURRENT VS 3Y AVG
+14.02%
CURRENT VS 5Y AVG
-19.83%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
60.0%
Earnings Payout Ratio
56.1%
Dividend Yield
4.11%
FCF Yield
6.80%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $316.00M | $192.00M | 60.8% |
| 2024 | $369.00M | $192.00M | 52.0% |
| 2023 | $540.00M | $192.00M | 35.6% |
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 | 60.00% |
| 2026-03-31 | 58.90% |
| 2025-12-31 | 60.76% |
| 2025-09-30 | 74.71% |
| 2025-06-30 | 63.58% |
| 2025-03-31 | 60.76% |
| 2024-12-31 | 52.03% |
| 2024-09-30 | 45.50% |
| 2024-06-30 | 36.99% |
| 2024-03-31 | 35.29% |
| 2023-12-31 | 35.56% |
| 2023-09-30 | 47.41% |
| 2023-06-30 | 95.05% |
| 2023-03-31 | 115.66% |
| 2022-12-31 | 210.99% |
| 2022-09-30 | 106.67% |
| 2022-06-30 | 71.38% |
| 2022-03-31 | 110.34% |
| 2021-12-31 | 113.61% |
| 2021-09-30 | 141.48% |
| 2021-06-30 | 111.18% |
| 2021-03-31 | 39.09% |
| 2020-12-31 | 70.45% |
| 2020-09-30 | 28.31% |
| 2020-06-30 | 14.90% |
| 2022 |
| $91.00M |
| $192.00M |
| 211.0% |
| 2021 | $169.00M | $192.00M | 113.6% |
| 2020 | $176.00M | $124.00M | 70.5% |
| 2019 | $294.00M | $0 | 0.0% |
| 2018 | $448.00M | $0 | 0.0% |
| 2017 | $339.00M | $0 | 0.0% |
| 2016 | $350.00M | $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.
