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 30.46% is 42% below its 5-year average of 52.50%, near the low end of its 5-year range (30.46%–122.96%).
As of the fiscal period ended Tuesday, June 30, 2026. 20.48% below its 12-month average of 38.30%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 30.46%.
FCF PAYOUT RATIO
30.46%
FCF PAYOUT RATIO AVG TTM
38.30%
FCF PAYOUT RATIO AVG 3Y
41.88%
FCF PAYOUT RATIO AVG 5Y
52.50%
FCF PAYOUT RATIO AVG 10Y
44.70%
FCF PAYOUT RATIO AVG 15Y
47.41%
FCF PAYOUT RATIO AVG 20Y
44.98%
CURRENT VS TTM AVG
-20.48%
CURRENT VS 3Y AVG
-27.28%
CURRENT VS 5Y AVG
-41.99%
CURRENT VS 10Y AVG
-31.86%
CURRENT VS 15Y AVG
-35.76%
CURRENT VS 20Y AVG
-32.29%
FCF Payout Ratio TTM
30.5%
Earnings Payout Ratio
40.0%
Dividend Yield
3.02%
FCF Yield
10.00%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $153.95M | $57.54M | 37.4% |
| 2024 | $128.75M | $58.97M | 45.8% |
| 2023 | $80.18M | $58.78M | 73.3% |
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 | 30.46% |
| 2026-03-31 | 32.39% |
| 2025-12-31 | 37.38% |
| 2025-09-30 | 44.12% |
| 2025-06-30 | 47.15% |
| 2025-03-31 | 50.18% |
| 2024-12-31 | 45.80% |
| 2024-09-30 | 40.79% |
| 2024-06-30 | 42.24% |
| 2024-03-31 | 48.30% |
| 2023-12-31 | 73.31% |
| 2023-09-30 | 116.36% |
| 2023-06-30 | 122.96% |
| 2023-03-31 | 93.70% |
| 2022-12-31 | 71.48% |
| 2022-09-30 | 61.97% |
| 2022-06-30 | 68.74% |
| 2022-03-31 | 52.99% |
| 2021-12-31 | 45.04% |
| 2021-09-30 | 59.16% |
| 2021-06-30 | 52.39% |
| 2021-03-31 | 53.26% |
| 2020-12-31 | 58.23% |
| 2020-09-30 | 31.43% |
| 2020-06-30 | 30.83% |
| 2020-03-31 | 29.09% |
| 2019-12-31 | 28.52% |
| 2019-09-30 | 27.10% |
| 2019-06-30 | 53.91% |
| 2019-03-31 | 63.90% |
| 2018-12-31 | 144.11% |
| 2018-06-30 | 32.63% |
| 2018-03-31 | 38.56% |
| 2017-12-31 | 29.96% |
| 2017-09-30 | 22.21% |
| 2017-06-30 | 15.38% |
| 2017-03-31 | 7.15% |
| 2014-09-30 | 69.22% |
| 2014-06-30 | 66.04% |
| 2014-03-31 | 60.24% |
| 2013-12-31 | 62.80% |
| 2013-09-30 | 14.07% |
| 2013-06-30 | 33.17% |
| 2013-03-31 | 65.77% |
| 2012-12-31 | 82.56% |
| 2012-09-30 | 72.50% |
| 2012-06-30 | 54.29% |
| 2012-03-31 | 47.32% |
| 2011-12-31 | 39.48% |
| 2011-09-30 | 47.94% |
| 2011-06-30 | 40.36% |
| 2011-03-31 | 38.83% |
| 2010-12-31 | 38.13% |
| 2010-09-30 | 27.26% |
| 2010-06-30 | 32.62% |
| 2010-03-31 | 28.72% |
| 2009-12-31 | 28.41% |
| 2009-09-30 | 32.02% |
| 2009-06-30 | 28.41% |
| 2009-03-31 | 31.34% |
| 2008-12-31 | 76.46% |
| 2008-09-30 | 65.62% |
| 2008-06-30 | 79.70% |
| 2008-03-31 | 61.25% |
| 2007-12-31 | 28.88% |
| 2007-09-30 | 32.91% |
| 2007-06-30 | 28.07% |
| 2007-03-31 | 38.16% |
| 2006-12-31 | 31.46% |
| 2006-09-30 | 29.85% |
| 2006-06-30 | 25.02% |
| 2006-03-31 | 23.11% |
| 2005-12-31 | 21.06% |
| 2005-09-30 | 21.33% |
| 2005-06-30 | 18.25% |
| 2005-03-31 | 13.96% |
| 2004-12-31 | 15.57% |
| 2004-09-30 | 10.39% |
| 2004-06-30 | 13.20% |
| 2004-03-31 | 15.11% |
| 2003-12-31 | 14.22% |
| 2003-09-30 | 20.94% |
| 2003-06-30 | 20.53% |
| 2022 |
| $82.88M |
| $59.24M |
| 71.5% |
| 2021 | $131.09M | $59.05M | 45.0% |
| 2020 | $96.09M | $55.96M | 58.2% |
| 2019 | $163.46M | $46.63M | 28.5% |
| 2018 | $19.32M | $27.84M | 144.1% |
| 2017 | $38.10M | $11.42M | 30.0% |
| 2016 | $31.35M | $0 | 0.0% |
| 2015 | $64.21M | $0 | 0.0% |
| 2014 | $70.65M | $0 | 0.0% |
| 2013 | $75.37M | $0 | 0.0% |
| 2012 | $57.33M | $47.33M | 82.6% |
| 2011 | $124.37M | $49.10M | 39.5% |
| 2010 | $116.81M | $44.54M | 38.1% |
| 2009 | $111.34M | $31.63M | 28.4% |
| 2008 | $67.92M | $51.93M | 76.5% |
| 2007 | $65.88M | $19.03M | 28.9% |
| 2006 | $48.59M | $15.28M | 31.5% |
| 2005 | $42.87M | $9.03M | 21.1% |
| 2004 | $47.06M | $7.33M | 15.6% |
| 2003 | $42.44M | $6.04M | 14.2% |
| 2002 | $14.57M | $7.42M | 50.9% |
| 2001 | $21.57M | $5.06M | 23.5% |
| 2000 | $22.87M | $3.76M | 16.4% |
| 1999 | $13.40M | $3.30M | 24.6% |
| 1998 | $11.60M | $2.80M | 24.1% |
| 1997 | $10.60M | $2.50M | 23.6% |
| 1996 | $8.40M | $24.60M | 292.9% |
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.
