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 69.41% is 32% below its 5-year average of 102.11%, around the middle of its 5-year range (15.42%–183.68%).
As of the fiscal period ended Tuesday, June 30, 2026. 49.10% below its 12-month average of 136.37%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 69.41%.
FCF PAYOUT RATIO
69.41%
FCF PAYOUT RATIO AVG TTM
136.37%
FCF PAYOUT RATIO AVG 3Y
92.59%
FCF PAYOUT RATIO AVG 5Y
102.11%
FCF PAYOUT RATIO AVG 10Y
117.53%
FCF PAYOUT RATIO AVG 15Y
105.17%
FCF PAYOUT RATIO AVG 20Y
99.58%
CURRENT VS TTM AVG
-49.10%
CURRENT VS 3Y AVG
-25.03%
CURRENT VS 5Y AVG
-32.02%
CURRENT VS 10Y AVG
-40.95%
CURRENT VS 15Y AVG
-34.00%
CURRENT VS 20Y AVG
-30.30%
FCF Payout Ratio TTM
69.4%
Earnings Payout Ratio
101.8%
Dividend Yield
7.67%
FCF Yield
10.04%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.91M | $2.77M | 145.0% |
| 2024 | $3.03M | $2.76M | 90.9% |
| 2023 | $2.98M | $0.46M | 15.4% |
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 | 69.41% |
| 2026-03-31 | 105.71% |
| 2025-12-31 | 145.02% |
| 2025-09-30 | 178.04% |
| 2025-06-30 | 183.68% |
| 2025-03-31 | 117.82% |
| 2024-12-31 | 90.87% |
| 2024-09-30 | 67.01% |
| 2024-06-30 | 40.08% |
| 2024-03-31 | 50.47% |
| 2023-12-31 | 15.42% |
| 2023-09-30 | 73.74% |
| 2023-06-30 | 66.36% |
| 2023-03-31 | 109.89% |
| 2022-12-31 | 127.49% |
| 2022-09-30 | 134.99% |
| 2022-06-30 | 124.24% |
| 2022-03-31 | 121.91% |
| 2021-12-31 | 99.87% |
| 2021-09-30 | 91.39% |
| 2021-06-30 | 130.83% |
| 2021-03-31 | 111.03% |
| 2020-12-31 | 100.91% |
| 2020-09-30 | 119.23% |
| 2020-06-30 | 90.33% |
| 2020-03-31 | 122.29% |
| 2019-12-31 | 115.76% |
| 2019-09-30 | 110.85% |
| 2019-06-30 | 104.97% |
| 2019-03-31 | 101.39% |
| 2018-12-31 | 98.79% |
| 2018-09-30 | 149.36% |
| 2018-06-30 | 149.35% |
| 2018-03-31 | 137.74% |
| 2017-12-31 | 164.57% |
| 2017-09-30 | 99.54% |
| 2017-06-30 | 100.39% |
| 2017-03-31 | 152.10% |
| 2016-12-31 | 161.83% |
| 2016-09-30 | 149.46% |
| 2016-06-30 | 155.27% |
| 2016-03-31 | 112.84% |
| 2015-12-31 | 89.33% |
| 2015-09-30 | 66.86% |
| 2015-06-30 | 75.24% |
| 2015-03-31 | 68.78% |
| 2014-12-31 | 83.08% |
| 2014-09-30 | 90.54% |
| 2014-06-30 | 101.32% |
| 2014-03-31 | 102.13% |
| 2013-12-31 | 80.82% |
| 2013-09-30 | 147.75% |
| 2013-06-30 | 109.19% |
| 2013-03-31 | 83.41% |
| 2012-12-31 | 84.25% |
| 2012-09-30 | 42.22% |
| 2012-06-30 | 49.25% |
| 2012-03-31 | 77.26% |
| 2011-12-31 | 88.34% |
| 2011-09-30 | 70.26% |
| 2011-06-30 | 63.44% |
| 2011-03-31 | 71.61% |
| 2010-12-31 | 125.97% |
| 2010-09-30 | 85.72% |
| 2010-06-30 | 98.06% |
| 2010-03-31 | 92.55% |
| 2009-12-31 | 67.42% |
| 2009-09-30 | 68.61% |
| 2009-06-30 | 63.21% |
| 2009-03-31 | 67.39% |
| 2008-12-31 | 84.10% |
| 2008-09-30 | 91.92% |
| 2008-06-30 | 117.19% |
| 2008-03-31 | 85.78% |
| 2007-12-31 | 62.85% |
| 2007-09-30 | 53.75% |
| 2007-06-30 | 64.65% |
| 2007-03-31 | 66.61% |
| 2006-12-31 | 117.13% |
| 2006-09-30 | 154.99% |
| 2006-06-30 | 100.50% |
| 2006-03-31 | 102.82% |
| 2005-12-31 | 70.33% |
| 2005-09-30 | 123.44% |
| 2005-06-30 | 124.05% |
| 2005-03-31 | 110.78% |
| 2004-12-31 | 99.79% |
| 2004-09-30 | 37.24% |
| 2004-06-30 | 34.07% |
| 2004-03-31 | 30.08% |
| 2003-12-31 | 19.42% |
| 2003-09-30 | 18.92% |
| 2003-06-30 | 21.67% |
| 2022 |
| $2.45M |
| $3.12M |
| 127.5% |
| 2021 | $5.20M | $5.19M | 99.9% |
| 2020 | $3.55M | $3.58M | 100.9% |
| 2019 | $4.36M | $5.05M | 115.8% |
| 2018 | $4.88M | $4.82M | 98.8% |
| 2017 | $3.95M | $6.51M | 164.6% |
| 2016 | $2.12M | $3.44M | 161.8% |
| 2015 | $5.14M | $4.59M | 89.3% |
| 2014 | $4.43M | $3.68M | 83.1% |
| 2013 | $5.52M | $4.46M | 80.8% |
| 2012 | $5.13M | $6.25M | 121.9% |
| 2011 | $4.16M | $3.68M | 88.3% |
| 2010 | $3.64M | $4.58M | 126.0% |
| 2009 | $4.18M | $2.77M | 66.2% |
| 2008 | $3.23M | $2.72M | 84.1% |
| 2007 | $3.85M | $2.42M | 62.9% |
| 2006 | $1.98M | $2.32M | 117.1% |
| 2005 | $3.02M | $2.12M | 70.3% |
| 2004 | $1.97M | $1.97M | 99.8% |
| 2003 | $2.51M | $0.49M | 19.4% |
| 2002 | $1.81M | $0.49M | 26.9% |
| 2001 | $2.09M | $0.49M | 23.3% |
| 2000 | $2.28M | $0.39M | 17.1% |
| 1999 | $1.70M | $0.30M | 17.6% |
| 1998 | $0.90M | $0.30M | 33.3% |
| 1997 | $1.20M | $0.20M | 16.7% |
| 1996 | $0.90M | $0 | 0.0% |
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.
