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 39.08% is in line with its 5-year average of 38.03%, near the low end of its 5-year range (21.81%–197.85%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.71% below its 12-month average of 45.30%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q3 FY2026 (2026-06-30): 39.08%.
FCF PAYOUT RATIO
39.08%
FCF PAYOUT RATIO AVG TTM
45.30%
FCF PAYOUT RATIO AVG 3Y
40.60%
FCF PAYOUT RATIO AVG 5Y
38.03%
FCF PAYOUT RATIO AVG 10Y
26.67%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-13.71%
CURRENT VS 3Y AVG
-3.74%
CURRENT VS 5Y AVG
+2.77%
CURRENT VS 10Y AVG
+46.53%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
39.1%
Earnings Payout Ratio
157.7%
Dividend Yield
10.24%
FCF Yield
34.54%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $72.10M | $30.35M | 42.1% |
| 2024 | $57.51M | $28.42M | 49.4% |
| 2023 | $105.23M | $26.58M | 25.3% |
| 2022 | $100.15M | $25.73M | 25.7% |
| 2021 | $70.65M | $139.78M | 197.8% |
| 2020 | $76.90M | $24.79M | 32.2% |
| 2019 | $197.51M | $22.73M | 11.5% |
| 2018 | $227.82M | $16.17M | 7.1% |
| 2017 | $125.11M | $16.09M | 12.9% |
| 2016 | $97.75M | $17.21M | 17.6% |
| 2015 | $100.68M | $224.34M | 222.8% |
| 2014 | $30.26M | $0 | 0.0% |
| 2013 | $3.17M | $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.
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 | 39.08% |
| 2026-03-31 | 33.19% |
| 2025-12-31 | 52.29% |
| 2025-09-30 | 42.09% |
| 2025-06-30 | 59.84% |
| 2025-03-31 | 50.17% |
| 2024-12-31 | 56.10% |
| 2024-09-30 | 49.42% |
| 2024-06-30 | 46.51% |
| 2024-03-31 | 27.17% |
| 2023-12-31 | 24.91% |
| 2023-09-30 | 25.25% |
| 2023-06-30 | 21.81% |
| 2023-03-31 | 29.21% |
| 2022-12-31 | 28.22% |
| 2022-09-30 | 25.69% |
| 2022-06-30 | 159.04% |
| 2022-03-31 | 164.48% |
| 2021-12-31 | 178.44% |
| 2021-09-30 | 197.85% |
| 2021-06-30 | 35.60% |
| 2021-03-31 | 38.93% |
| 2020-12-31 | 39.89% |
| 2020-09-30 | 32.24% |
| 2020-06-30 | 29.48% |
| 2020-03-31 | 33.86% |
| 2019-12-31 | 12.54% |
| 2019-09-30 | 11.51% |
| 2019-06-30 | 10.92% |
| 2019-03-31 | 9.84% |
| 2018-12-31 | 7.38% |
| 2018-09-30 | 7.10% |
| 2018-06-30 | 6.99% |
| 2018-03-31 | 7.01% |
| 2017-12-31 | 11.42% |
| 2017-09-30 | 12.86% |
| 2017-06-30 | 12.99% |
| 2017-03-31 | 13.19% |
| 2016-12-31 | 11.82% |
| 2016-09-30 | 17.60% |
| 2016-06-30 | 12.81% |
| 2016-03-31 | 222.50% |
| 2015-12-31 | 326.55% |
| 2015-09-30 | 222.83% |
| 2015-06-30 | 210.71% |
| 2015-03-31 | 14.97% |
| 2014-12-31 | 7.73% |
