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 47.75% is 46% above its 5-year average of 32.80%, near the low end of its 5-year range (7.40%–163.91%).
As of the fiscal period ended Tuesday, June 30, 2026. 84.67% above its 12-month average of 25.85%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 47.75%.
FCF PAYOUT RATIO
47.75%
FCF PAYOUT RATIO AVG TTM
25.85%
FCF PAYOUT RATIO AVG 3Y
41.87%
FCF PAYOUT RATIO AVG 5Y
32.80%
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
+84.67%
CURRENT VS 3Y AVG
+14.03%
CURRENT VS 5Y AVG
+45.57%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
47.7%
Earnings Payout Ratio
15.7%
Dividend Yield
0.92%
FCF Yield
1.86%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $573.25M | $58.33M | 10.2% |
| 2024 | $186.50M | $55.51M | 29.8% |
| 2023 | ($73.17M) | $50.58M | N/A (Loss) |
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 | 47.75% |
| 2026-03-31 | 31.47% |
| 2025-12-31 | 27.47% |
| 2025-09-30 | 8.36% |
| 2025-06-30 | 14.22% |
| 2025-03-31 | 12.03% |
| 2024-12-31 | 29.76% |
| 2023-06-30 | 163.91% |
| 2023-03-31 | 70.67% |
| 2022-12-31 | 86.84% |
| 2022-06-30 | 80.97% |
| 2022-03-31 | 17.83% |
| 2021-12-31 | 16.09% |
| 2021-09-30 | 8.31% |
| 2021-06-30 | 7.40% |
| 2021-03-31 | 4.91% |
| 2020-12-31 | 3.49% |
| 2020-09-30 | 3.05% |
| 2020-06-30 | 2.85% |
| 2020-03-31 | 5.91% |
| 2019-12-31 | 14.33% |
| 2022 |
| $51.34M |
| $44.56M |
| 86.8% |
| 2021 | $255.17M | $41.06M | 16.1% |
| 2020 | $626.78M | $22.46M | 3.6% |
| 2019 | $127.78M | $18.32M | 14.3% |
| 2018 | ($22.90M) | $9.33M | N/A (Loss) |
| 2017 | ($57.18M) | $0 | N/A (Loss) |
| 2016 | $324.20M | $0 | 0.0% |
| 2015 | ($140.54M) | $0 | N/A (Loss) |
| 2014 | ($171.88M) | $0 | N/A (Loss) |
| 2013 | ($18.10M) | $0 | N/A (Loss) |
| 2012 | $48.38M | $0 | 0.0% |
| 2011 | ($229.91M) | $0 | N/A (Loss) |
| 2010 | ($17.87M) | $0 | N/A (Loss) |
| 2009 | $99.81M | $0 | 0.0% |
| 2008 | $14.90M | $0 | 0.0% |
| 2007 | $193.43M | $0 | 0.0% |
| 2006 | ($122.97M) | $0 | N/A (Loss) |
| 2005 | ($117.96M) | $0 | N/A (Loss) |
| 2004 | ($50.21M) | $0 | N/A (Loss) |
| 2003 | ($2.44M) | $0 | N/A (Loss) |
| 2002 | ($0.56M) | $0 | N/A (Loss) |
| 2001 | $68.28M | $0 | 0.0% |
| 2000 | ($15.79M) | $0 | N/A (Loss) |
| 1999 | ($88.16M) | $0 | N/A (Loss) |
| 1998 | ($30.90M) | $0 | N/A (Loss) |
| 1997 | ($0.90M) | $0 | N/A (Loss) |
| 1996 | ($8.40M) | $10.20M | 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.
