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 35.47% is 43% below its 4-year average of 61.75%, near the low end of its 4-year range (5.36%–276.87%).
As of the fiscal period ended Tuesday, June 30, 2026. 18.77% below its 12-month average of 43.66%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 35.47%.
FCF PAYOUT RATIO
35.47%
FCF PAYOUT RATIO AVG TTM
43.66%
FCF PAYOUT RATIO AVG 3Y
35.99%
FCF PAYOUT RATIO AVG 5Y
N/A
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
-18.77%
CURRENT VS 3Y AVG
-1.46%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
35.5%
Earnings Payout Ratio
107.3%
Dividend Yield
1.63%
FCF Yield
11.79%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.16B | $640.74M | 55.3% |
| 2024 | $467.27M | $0 | 0.0% |
| 2023 | $172.41M | $0 | 0.0% |
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 |
|---|---|
| 2026-06-30 | 35.47% |
| 2026-03-31 | 42.09% |
| 2025-12-31 | 55.29% |
| 2025-09-30 | 49.04% |
| 2025-06-30 | 36.43% |
| 2025-03-31 | 16.72% |
| 2024-12-31 | 5.36% |
| 2024-09-30 | 5.79% |
| 2024-06-30 | 25.20% |
| 2024-03-31 | 53.89% |
| 2023-12-31 | 70.66% |
| 2023-09-30 | 157.25% |
| 2023-06-30 | 276.87% |
| 2023-03-31 | 267.38% |
| 2022-12-31 | 223.97% |
| 2022-09-30 | 203.67% |
| 2022-06-30 | 28.36% |
| 2022-03-31 | 14.36% |
| 2021-12-31 | 26.13% |
| 2022 |
| $489.32M |
| $1.10B |
| 224.0% |
| 2021 | $430.10M | $269.08M | 62.6% |
| 2020 | $329.55M | $312.31M | 94.8% |
| 2019 | $51.90M | $37.43M | 72.1% |
| 2018 | $154.44M | $37.24M | 24.1% |
| 2017 | $71.88M | $36.85M | 51.3% |
| 2016 | $26.72M | $36.56M | 136.9% |
| 2015 | $29.54M | $36.34M | 123.0% |
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.
