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 25.39% is 38% below its 5-year average of 40.65%, near the low end of its 5-year range (19.10%–169.88%).
As of the fiscal period ended Tuesday, June 30, 2026. 39.84% below its 12-month average of 42.20%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 25.39%.
FCF PAYOUT RATIO
25.39%
FCF PAYOUT RATIO AVG TTM
42.20%
FCF PAYOUT RATIO AVG 3Y
67.65%
FCF PAYOUT RATIO AVG 5Y
40.65%
FCF PAYOUT RATIO AVG 10Y
26.71%
FCF PAYOUT RATIO AVG 15Y
33.08%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-39.84%
CURRENT VS 3Y AVG
-62.47%
CURRENT VS 5Y AVG
-37.54%
CURRENT VS 10Y AVG
-4.95%
CURRENT VS 15Y AVG
-23.25%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
25.4%
Earnings Payout Ratio
101.3%
Dividend Yield
10.08%
FCF Yield
39.75%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $238.71M | $87.86M | 36.8% |
| 2024 | $48.45M | $82.30M | 169.9% |
| 2023 | $146.89M | $83.06M | 56.5% |
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 | 25.39% |
| 2026-03-31 | 34.99% |
| 2025-12-31 | 36.81% |
| 2025-09-30 | 61.13% |
| 2025-06-30 | 52.69% |
| 2025-03-31 | 53.99% |
| 2024-12-31 | 169.88% |
| 2024-09-30 | 94.30% |
| 2024-06-30 | 132.92% |
| 2024-03-31 | 93.41% |
| 2023-12-31 | 56.54% |
| 2023-09-30 | 36.43% |
| 2023-06-30 | 30.96% |
| 2023-03-31 | 26.62% |
| 2022-12-31 | 19.45% |
| 2022-09-30 | 19.10% |
| 2022-06-30 | 21.04% |
| 2022-03-31 | 19.14% |
| 2021-12-31 | 21.68% |
| 2021-09-30 | 33.06% |
| 2021-06-30 | 35.61% |
| 2021-03-31 | 22.33% |
| 2020-12-31 | 31.25% |
| 2020-09-30 | 18.80% |
| 2020-06-30 | 12.43% |
| 2020-03-31 | 9.99% |
| 2018-06-30 | 4.25% |
| 2018-03-31 | 10.21% |
| 2017-12-31 | 28.42% |
| 2017-09-30 | 36.52% |
| 2017-06-30 | 19.04% |
| 2017-03-31 | 14.46% |
| 2016-12-31 | 8.73% |
| 2016-09-30 | 11.76% |
| 2016-06-30 | 15.29% |
| 2016-03-31 | 34.48% |
| 2015-12-31 | 34.09% |
| 2015-09-30 | 41.35% |
| 2015-06-30 | 92.00% |
| 2015-03-31 | 94.42% |
| 2014-03-31 | 160.72% |
| 2013-12-31 | 180.21% |
| 2013-09-30 | 155.20% |
| 2013-06-30 | 59.01% |
| 2013-03-31 | 41.34% |
| 2012-12-31 | 32.80% |
| 2012-09-30 | 23.00% |
| 2012-06-30 | 24.72% |
| 2012-03-31 | 22.57% |
| 2011-12-31 | 17.47% |
| 2011-09-30 | 13.10% |
| 2011-06-30 | 8.71% |
| 2011-03-31 | 6.16% |
| 2010-12-31 | 6.32% |
| 2010-09-30 | 2.62% |
| 2022 |
| $407.07M |
| $79.19M |
| 19.5% |
| 2021 | $329.85M | $71.50M | 21.7% |
| 2020 | $201.96M | $63.12M | 31.3% |
| 2019 | $194.26M | $13.71M | 7.1% |
| 2018 | $199.54M | $0 | 0.0% |
| 2017 | $45.07M | $12.81M | 28.4% |
| 2016 | $292.93M | $25.55M | 8.7% |
| 2015 | $150.12M | $51.01M | 34.0% |
| 2014 | ($64.67M) | $48.66M | N/A (Loss) |
| 2013 | $25.98M | $46.81M | 180.2% |
| 2012 | $115.44M | $37.87M | 32.8% |
| 2011 | $153.92M | $26.89M | 17.5% |
| 2010 | $123.48M | $7.80M | 6.3% |
| 2009 | $261.28M | $0 | 0.0% |
| 2008 | $322.40M | $0 | 0.0% |
| 2007 | $138.42M | $0 | 0.0% |
| 2006 | $102.95M | $0 | 0.0% |
| 2005 | $127.67M | $0 | 0.0% |
| 2004 | $258.93M | $0 | 0.0% |
| 2003 | $286.43M | $0 | 0.0% |
| 2002 | $256.89M | $0 | 0.0% |
| 2001 | $118.20M | $0 | 0.0% |
| 2000 | $153.63M | $0 | 0.0% |
| 1999 | ($65.50M) | $0 | N/A (Loss) |
| 1998 | ($963.10M) | $0 | N/A (Loss) |
| 1997 | ($12.10M) | $0 | N/A (Loss) |
| 1996 | $11.30M | $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.
