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 6.52% is 75% below its 5-year average of 26.30%, near the low end of its 5-year range (2.12%–353.05%).
As of the fiscal period ended Sunday, April 5, 2026. 1.16% below its 12-month average of 6.60%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
6.52%
FCF PAYOUT RATIO AVG TTM
6.60%
FCF PAYOUT RATIO AVG 3Y
42.40%
FCF PAYOUT RATIO AVG 5Y
5.48%
FCF PAYOUT RATIO AVG 10Y
9.01%
FCF PAYOUT RATIO AVG 15Y
11.81%
FCF PAYOUT RATIO AVG 20Y
16.22%
CURRENT VS TTM AVG
-1.16%
CURRENT VS 3Y AVG
-84.62%
CURRENT VS 5Y AVG
+18.92%
CURRENT VS 10Y AVG
-27.63%
CURRENT VS 15Y AVG
-44.80%
CURRENT VS 20Y AVG
-59.80%
FCF Payout Ratio TTM
6.5%
Earnings Payout Ratio
13.5%
Dividend Yield
0.25%
FCF Yield
3.92%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $508.25M | $32.80M | 6.5% |
| 2024 | $541.65M | $34.45M | 6.4% |
| 2023 | $9.90M | $34.97M | 353.0% |
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 |
|---|---|
| 2026-04-05 | 6.52% |
| 2025-12-28 | 6.42% |
| 2025-09-28 | 6.71% |
| 2025-06-29 | 6.74% |
| 2025-03-30 | 6.53% |
| 2024-12-31 | 6.36% |
| 2024-09-29 | 6.12% |
| 2024-06-30 | 9.04% |
| 2024-03-31 | 35.80% |
| 2023-12-31 | 353.05% |
| 2023-06-30 | 23.05% |
| 2023-04-02 | 9.29% |
| 2023-01-01 | 5.95% |
| 2022-10-02 | 4.51% |
| 2022-06-30 | 3.71% |
| 2022-03-31 | 2.99% |
| 2021-12-31 | 2.45% |
| 2021-09-30 | 2.12% |
| 2021-06-30 | 2.27% |
| 2021-03-31 | 2.53% |
| 2020-12-31 | 3.83% |
| 2020-09-30 | 5.72% |
| 2020-06-30 | 7.02% |
| 2020-03-31 | 8.84% |
| 2019-12-31 | 11.01% |
| 2019-09-30 | 14.33% |
| 2019-06-30 | 15.60% |
| 2019-03-31 | 13.80% |
| 2018-12-31 | 14.24% |
| 2018-09-30 | 15.27% |
| 2018-06-30 | 17.38% |
| 2018-03-31 | 18.76% |
| 2017-12-31 | 12.35% |
| 2017-09-30 | 11.00% |
| 2017-06-30 | 10.35% |
| 2017-03-31 | 8.97% |
| 2016-12-31 | 9.68% |
| 2016-09-30 | 10.68% |
| 2016-06-30 | 11.22% |
| 2016-03-31 | 12.69% |
| 2015-12-31 | 12.26% |
| 2015-09-30 | 13.54% |
| 2015-06-30 | 13.40% |
| 2015-03-31 | 14.11% |
| 2014-12-31 | 12.52% |
| 2014-09-30 | 13.91% |
| 2014-06-30 | 14.91% |
| 2014-03-31 | 17.25% |
| 2013-12-31 | 26.42% |
| 2013-09-30 | 41.36% |
| 2013-06-30 | 70.55% |
| 2013-03-31 | 32.51% |
| 2012-12-31 | 29.07% |
| 2012-09-30 | 19.24% |
| 2012-06-30 | 16.17% |
| 2012-03-31 | 18.66% |
| 2011-12-31 | 16.38% |
| 2011-09-30 | 23.74% |
| 2011-06-30 | 30.20% |
| 2011-03-31 | 26.11% |
| 2010-12-31 | 25.26% |
| 2010-09-30 | 19.98% |
| 2010-06-30 | 18.19% |
| 2010-03-31 | 22.20% |
| 2009-12-31 | 27.94% |
| 2009-09-30 | 22.55% |
| 2009-06-30 | 24.01% |
| 2009-03-31 | 18.83% |
| 2008-12-31 | 18.95% |
| 2008-09-30 | 18.43% |
| 2008-06-30 | 18.99% |
| 2008-03-31 | 20.74% |
| 2007-12-31 | 21.31% |
| 2007-09-30 | 23.62% |
| 2007-06-30 | 23.33% |
| 2007-03-31 | 26.33% |
| 2006-12-31 | 42.73% |
| 2006-09-30 | 41.25% |
| 2006-06-30 | 40.73% |
| 2006-03-31 | 27.87% |
| 2005-12-31 | 19.83% |
| 2005-09-30 | 21.05% |
| 2005-06-30 | 18.45% |
| 2005-03-31 | 21.49% |
| 2004-12-31 | 19.68% |
| 2004-09-30 | 18.91% |
| 2004-06-30 | 20.68% |
| 2004-03-31 | 23.25% |
| 2003-12-31 | 23.62% |
| 2003-09-30 | 38.30% |
| 2003-06-30 | 27.48% |
| 2003-03-31 | 35.33% |
| 2022 |
| $594.18M |
| $35.34M |
| 5.9% |
| 2021 | $1.32B | $32.37M | 2.4% |
| 2020 | $828.54M | $31.21M | 3.8% |
| 2019 | $282.14M | $31.06M | 11.0% |
| 2018 | $217.78M | $31.01M | 14.2% |
| 2017 | $249.36M | $30.79M | 12.3% |
| 2016 | $318.91M | $30.80M | 9.7% |
| 2015 | $257.47M | $31.57M | 12.3% |
| 2014 | $252.53M | $31.62M | 12.5% |
| 2013 | $119.60M | $31.60M | 26.4% |
| 2012 | $109.76M | $31.90M | 29.1% |
| 2011 | $194.28M | $31.83M | 16.4% |
| 2010 | $130.61M | $32.99M | 25.3% |
| 2009 | $117.04M | $32.70M | 27.9% |
| 2008 | $174.52M | $33.07M | 19.0% |
| 2007 | $158.15M | $33.70M | 21.3% |
| 2006 | $82.97M | $35.45M | 42.7% |
| 2005 | $183.04M | $36.30M | 19.8% |
| 2004 | $181.80M | $35.78M | 19.7% |
| 2003 | $149.93M | $35.41M | 23.6% |
| 2002 | $33.69M | $35.28M | 104.7% |
| 2001 | $34.60M | $28.29M | 81.8% |
| 2000 | $74.95M | $27.53M | 36.7% |
| 1999 | ($227.60M) | $25.50M | N/A (Loss) |
| 1998 | ($194.90M) | $25.40M | N/A (Loss) |
| 1997 | ($13.90M) | $25.70M | N/A (Loss) |
| 1996 | ($0.30M) | $26.60M | 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.
