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 40.92% is 49% below its 5-year average of 80.74%, near the low end of its 5-year range (27.29%–355.26%).
As of the fiscal period ended Tuesday, June 30, 2026. 42.08% below its 12-month average of 70.65%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
40.92%
FCF PAYOUT RATIO AVG TTM
70.65%
FCF PAYOUT RATIO AVG 3Y
79.73%
FCF PAYOUT RATIO AVG 5Y
80.74%
FCF PAYOUT RATIO AVG 10Y
72.15%
FCF PAYOUT RATIO AVG 15Y
60.03%
FCF PAYOUT RATIO AVG 20Y
59.79%
CURRENT VS TTM AVG
-42.08%
CURRENT VS 3Y AVG
-48.67%
CURRENT VS 5Y AVG
-49.32%
CURRENT VS 10Y AVG
-43.28%
CURRENT VS 15Y AVG
-31.83%
CURRENT VS 20Y AVG
-31.55%
FCF Payout Ratio TTM
40.9%
Earnings Payout Ratio
253.1%
Dividend Yield
6.94%
FCF Yield
13.83%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $80.27M | $81.30M | 101.3% |
| 2025 | $264.37M | $79.69M | 30.1% |
| 2024 | ($140.65M) | $78.40M | N/A (Loss) |
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 | 40.92% |
| 2026-03-31 | 83.28% |
| 2025-12-31 | 126.09% |
| 2025-09-30 | 42.02% |
| 2025-06-30 | 60.93% |
| 2025-03-31 | 30.38% |
| 2024-12-31 | 119.02% |
| 2023-12-31 | 122.92% |
| 2023-09-30 | 27.29% |
| 2023-06-30 | 144.41% |
| 2021-12-31 | 131.18% |
| 2021-09-30 | 40.42% |
| 2021-06-30 | 355.26% |
| 2021-03-31 | 48.73% |
| 2020-12-31 | 42.87% |
| 2020-09-30 | 78.13% |
| 2020-06-30 | 83.78% |
| 2019-12-31 | 132.49% |
| 2019-09-30 | 114.47% |
| 2019-06-30 | 41.01% |
| 2019-03-31 | 55.57% |
| 2018-09-30 | 109.17% |
| 2018-03-31 | 111.16% |
| 2017-06-30 | 71.29% |
| 2017-03-31 | 28.36% |
| 2016-12-31 | 19.51% |
| 2016-09-30 | 20.00% |
| 2016-06-30 | 22.70% |
| 2016-03-31 | 45.54% |
| 2015-12-31 | 34.24% |
| 2015-09-30 | 16.30% |
| 2015-06-30 | 36.50% |
| 2015-03-31 | 36.98% |
| 2014-06-30 | 99.09% |
| 2013-06-30 | 226.50% |
| 2013-03-31 | 29.87% |
| 2012-12-31 | 19.54% |
| 2012-09-30 | 26.41% |
| 2012-06-30 | 24.04% |
| 2012-03-31 | 36.92% |
| 2011-12-31 | 35.83% |
| 2011-09-30 | 28.03% |
| 2011-06-30 | 43.75% |
| 2011-03-31 | 398.77% |
| 2010-03-31 | 58.03% |
| 2009-12-31 | 54.58% |
| 2009-09-30 | 53.27% |
| 2009-06-30 | 42.11% |
| 2009-03-31 | 96.03% |
| 2008-03-31 | 91.48% |
| 2007-12-31 | 19.00% |
| 2007-09-30 | 21.99% |
| 2007-06-30 | 26.94% |
| 2007-03-31 | 22.16% |
| 2006-12-31 | 49.33% |
| 2006-09-30 | 165.83% |
| 2006-06-30 | 66.61% |
| 2023 |
| ($65.23M) |
| $77.39M |
| N/A (Loss) |
| 2022 | ($8.32M) | $76.44M | N/A (Loss) |
| 2021 | $154.26M | $75.18M | 48.7% |
| 2020 | ($24.33M) | $75.37M | N/A (Loss) |
| 2019 | $125.76M | $69.88M | 55.6% |
| 2018 | $49.21M | $54.70M | 111.2% |
| 2017 | $214.69M | $60.89M | 28.4% |
| 2016 | $136.44M | $62.14M | 45.5% |
| 2015 | $168.11M | $62.16M | 37.0% |
| 2014 | ($49.35M) | $61.57M | N/A (Loss) |
| 2013 | $203.68M | $60.85M | 29.9% |
| 2012 | $161.61M | $59.66M | 36.9% |
| 2011 | $15.09M | $60.27M | 399.4% |
| 2010 | $104.66M | $60.73M | 58.0% |
| 2009 | $63.41M | $60.89M | 96.0% |
| 2008 | $69.36M | $63.45M | 91.5% |
| 2007 | $271.23M | $60.11M | 22.2% |
| 2006 | ($17.86M) | $46.49M | N/A (Loss) |
| 2005 | ($192.88M) | $41.45M | N/A (Loss) |
| 2003 | ($160.25M) | $3.65M | N/A (Loss) |
| 2002 | $59.59M | $3.65M | 6.1% |
| 2001 | $100.05M | $4.61M | 4.6% |
| 2000 | $117.00M | $0 | 0.0% |
| 1999 | $263.20M | $0 | 0.0% |
| 1998 | $36.70M | $0 | 0.0% |
| 1997 | ($60.30M) | $0 | N/A (Loss) |
| 1996 | $112.20M | $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.
