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 46.77% is 57% above its 5-year average of 29.72%, near the low end of its 5-year range (15.01%–272.62%).
As of the fiscal period ended Tuesday, June 30, 2026. 46.57% below its 12-month average of 87.54%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q3 FY2026 (2026-06-30): 46.77%.
FCF PAYOUT RATIO
46.77%
FCF PAYOUT RATIO AVG TTM
87.54%
FCF PAYOUT RATIO AVG 3Y
28.57%
FCF PAYOUT RATIO AVG 5Y
29.72%
FCF PAYOUT RATIO AVG 10Y
31.70%
FCF PAYOUT RATIO AVG 15Y
30.58%
FCF PAYOUT RATIO AVG 20Y
32.24%
CURRENT VS TTM AVG
-46.57%
CURRENT VS 3Y AVG
+63.69%
CURRENT VS 5Y AVG
+57.35%
CURRENT VS 10Y AVG
+47.56%
CURRENT VS 15Y AVG
+52.97%
CURRENT VS 20Y AVG
+45.09%
FCF Payout Ratio TTM
46.8%
Earnings Payout Ratio
37.3%
Dividend Yield
5.94%
FCF Yield
13.49%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $56.03M | $26.12M | 46.6% |
| 2024 | $100.33M | $25.04M | 25.0% |
| 2023 | $114.65M | $23.74M | 20.7% |
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 | 46.77% |
| 2026-03-31 | 272.62% |
| 2025-12-31 | 40.56% |
| 2025-09-30 | 46.61% |
| 2025-06-30 | 31.14% |
| 2025-03-31 | 27.77% |
| 2024-12-31 | 25.39% |
| 2024-09-30 | 23.88% |
| 2024-06-30 | 28.92% |
| 2024-03-31 | 19.71% |
| 2023-12-31 | 16.39% |
| 2023-09-30 | 20.71% |
| 2023-06-30 | 15.01% |
| 2023-03-31 | 21.12% |
| 2022-09-30 | 150.58% |
| 2021-12-31 | 147.25% |
| 2021-09-30 | 43.59% |
| 2021-06-30 | 38.30% |
| 2021-03-31 | 20.80% |
| 2020-12-31 | 13.14% |
| 2020-09-30 | 15.14% |
| 2020-06-30 | 13.78% |
| 2020-03-31 | 13.87% |
| 2019-12-31 | 25.75% |
| 2019-09-30 | 29.73% |
| 2019-06-30 | 33.51% |
| 2019-03-31 | 41.78% |
| 2018-12-31 | 58.72% |
| 2018-09-30 | 58.36% |
| 2018-06-30 | 155.42% |
| 2017-12-31 | 204.98% |
| 2017-09-30 | 273.47% |
| 2017-06-30 | 879.67% |
| 2016-12-31 | 107.32% |
| 2016-09-30 | 25.15% |
| 2016-06-30 | 16.26% |
| 2016-03-31 | 11.32% |
| 2015-12-31 | 15.27% |
| 2015-09-30 | 16.73% |
| 2015-06-30 | 11.70% |
| 2015-03-31 | 9.60% |
| 2014-12-31 | 12.06% |
| 2014-09-30 | 23.07% |
| 2014-06-30 | 42.58% |
| 2014-03-31 | 66.35% |
| 2013-12-31 | 51.18% |
| 2013-09-30 | 154.53% |
| 2012-12-31 | 35.20% |
| 2012-09-30 | 19.52% |
| 2012-06-30 | 14.98% |
| 2012-03-31 | 20.46% |
| 2011-12-31 | 44.10% |
| 2011-09-30 | 62.58% |
| 2011-06-30 | 386.36% |
| 2011-03-31 | 166.67% |
| 2010-12-31 | 87.00% |
| 2010-09-30 | 52.37% |
| 2010-06-30 | 316.56% |
| 2009-12-31 | 99.73% |
| 2009-09-30 | 20.79% |
| 2009-06-30 | 6.18% |
| 2009-03-31 | 2.09% |
| 2004-09-30 | 343.16% |
| 2004-06-30 | 401.35% |
| 2004-03-31 | 131.90% |
| 2003-12-31 | 135.30% |
| 2003-09-30 | 187.34% |
| 2022 |
| $15.21M |
| $23.19M |
| 152.5% |
| 2021 | $53.79M | $23.45M | 43.6% |
| 2020 | $161.54M | $24.45M | 15.1% |
| 2019 | $86.08M | $25.59M | 29.7% |
| 2018 | $43.87M | $25.60M | 58.4% |
| 2017 | $8.89M | $24.32M | 273.5% |
| 2016 | $91.82M | $23.09M | 25.1% |
| 2015 | $127.30M | $21.30M | 16.7% |
| 2014 | $86.04M | $19.85M | 23.1% |
| 2013 | $12.50M | $19.31M | 154.5% |
| 2012 | $100.03M | $19.52M | 19.5% |
| 2011 | $33.04M | $20.68M | 62.6% |
| 2010 | $38.86M | $20.35M | 52.4% |
| 2009 | $74.12M | $15.41M | 20.8% |
| 2008 | $67.41M | $0 | 0.0% |
| 2007 | $46.27M | $0 | 0.0% |
| 2006 | $12.93M | $0 | 0.0% |
| 2005 | ($69.43M) | $0 | N/A (Loss) |
| 2004 | $9.88M | $79.82M | 808.0% |
| 2003 | ($60.35M) | $72.59M | N/A (Loss) |
| 2002 | $50.38M | $0 | 0.0% |
| 2001 | $45.46M | $50.63M | 111.4% |
| 2000 | $12.80M | $35.61M | 278.1% |
| 1999 | $3.40M | $19.60M | 576.5% |
| 1998 | $4.30M | $13.40M | 311.6% |
| 1997 | $13.70M | $11.80M | 86.1% |
| 1996 | $4.70M | $27.60M | 587.2% |
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.
