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 23.62% is 41% below its 5-year average of 39.77%, near the low end of its 5-year range (21.40%–75.22%).
As of the fiscal period ended Saturday, April 25, 2026. 29.98% below its 12-month average of 33.74%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q3 FY2026 (2026-04-25): 23.62%.
FCF PAYOUT RATIO
23.62%
FCF PAYOUT RATIO AVG TTM
33.74%
FCF PAYOUT RATIO AVG 3Y
38.60%
FCF PAYOUT RATIO AVG 5Y
39.77%
FCF PAYOUT RATIO AVG 10Y
43.69%
FCF PAYOUT RATIO AVG 15Y
47.38%
FCF PAYOUT RATIO AVG 20Y
47.35%
CURRENT VS TTM AVG
-29.98%
CURRENT VS 3Y AVG
-38.80%
CURRENT VS 5Y AVG
-40.60%
CURRENT VS 10Y AVG
-45.93%
CURRENT VS 15Y AVG
-50.14%
CURRENT VS 20Y AVG
-50.10%
FCF Payout Ratio TTM
23.6%
Earnings Payout Ratio
27.2%
Dividend Yield
2.29%
FCF Yield
8.75%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $34.46M | $13.31M | 38.6% |
| 2024 | $17.74M | $13.34M | 75.2% |
| 2023 | $58.11M | $13.19M | 22.7% |
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 |
|---|---|
| 2026-04-25 | 23.62% |
| 2026-01-24 | 21.40% |
| 2025-10-25 | 36.22% |
| 2025-07-26 | 45.05% |
| 2025-04-26 | 42.41% |
| 2025-01-25 | 41.70% |
| 2024-10-26 | 72.00% |
| 2024-07-27 | 75.22% |
| 2024-04-27 | 45.26% |
| 2024-01-27 | 25.65% |
| 2023-10-28 | 26.31% |
| 2023-07-31 | 22.70% |
| 2023-04-29 | 24.24% |
| 2023-01-28 | 28.08% |
| 2022-10-29 | 24.12% |
| 2022-07-31 | 35.87% |
| 2022-04-30 | 53.86% |
| 2022-01-29 | 58.54% |
| 2021-10-30 | 45.56% |
| 2021-07-31 | 47.53% |
| 2021-04-24 | 36.30% |
| 2021-01-23 | 23.83% |
| 2020-10-24 | 31.13% |
| 2020-07-31 | 44.02% |
| 2020-04-25 | 70.12% |
| 2019-10-26 | 114.34% |
| 2019-07-31 | 46.37% |
| 2019-04-27 | 37.30% |
| 2019-01-26 | 42.95% |
| 2018-10-27 | 43.18% |
| 2018-07-31 | 54.99% |
| 2018-04-28 | 59.20% |
| 2018-01-27 | 40.32% |
| 2017-10-28 | 44.78% |
| 2017-07-31 | 69.40% |
| 2017-04-29 | 71.70% |
| 2017-01-28 | 69.89% |
| 2016-10-29 | 50.67% |
| 2016-07-31 | 28.63% |
| 2016-04-23 | 34.55% |
| 2015-01-24 | 48.26% |
| 2014-10-25 | 75.55% |
| 2014-07-31 | 585.04% |
| 2014-04-26 | 374.37% |
| 2014-01-25 | 115.69% |
| 2013-10-26 | 286.71% |
| 2013-07-31 | 81.84% |
| 2013-04-27 | 68.37% |
| 2013-01-26 | 68.17% |
| 2012-10-27 | 39.46% |
| 2012-07-31 | 36.54% |
| 2012-04-28 | 29.13% |
| 2012-01-28 | 15.80% |
| 2011-10-29 | 36.25% |
| 2011-07-31 | 37.57% |
| 2011-04-30 | 49.32% |
| 2011-01-29 | 96.62% |
| 2010-10-30 | 41.52% |
| 2010-07-31 | 71.61% |
| 2010-04-24 | 54.63% |
| 2010-01-23 | 48.07% |
| 2009-10-24 | 82.35% |
| 2009-07-31 | 39.89% |
| 2009-04-25 | 28.01% |
| 2009-01-24 | 68.20% |
| 2008-10-25 | 68.25% |
| 2008-07-31 | 103.19% |
| 2008-04-26 | 206.62% |
| 2008-01-26 | 55.66% |
| 2007-10-27 | 49.06% |
| 2007-07-31 | 18.39% |
| 2007-04-28 | 13.80% |
| 2007-01-27 | 14.75% |
| 2006-10-28 | 12.86% |
| 2006-07-31 | 14.27% |
| 2006-04-29 | 16.77% |
| 2006-01-28 | 11.81% |
| 2005-10-29 | 9.03% |
| 2005-07-31 | 5.67% |
| 2005-04-30 | 4.22% |
| 2005-01-29 | 6.70% |
| 2004-10-30 | 3.79% |
| 2004-07-31 | 2.65% |
| 2022 |
| $36.35M |
| $13.04M |
| 35.9% |
| 2021 | $27.46M | $13.05M | 47.5% |
| 2020 | $29.45M | $12.96M | 44.0% |
| 2019 | $27.80M | $12.89M | 46.4% |
| 2018 | $23.42M | $12.88M | 55.0% |
| 2017 | $18.43M | $12.79M | 69.4% |
| 2016 | $44.13M | $12.63M | 28.6% |
| 2015 | ($6.05M) | $12.58M | N/A (Loss) |
| 2014 | $2.13M | $12.43M | 585.0% |
| 2013 | $29.39M | $24.05M | 81.8% |
| 2012 | $26.70M | $9.76M | 36.5% |
| 2011 | $50.80M | $19.09M | 37.6% |
| 2010 | $15.11M | $10.82M | 71.6% |
| 2009 | $21.24M | $8.47M | 39.9% |
| 2008 | $20.44M | $21.09M | 103.2% |
| 2007 | $20.18M | $3.71M | 18.4% |
| 2006 | $21.22M | $3.03M | 14.3% |
| 2005 | $11.54M | $1.09M | 9.5% |
| 2004 | $16.62M | $0.80M | 4.8% |
| 2003 | $13.98M | $0.32M | 2.3% |
| 2002 | $2.11M | $0 | 0.0% |
| 2001 | $4.58M | $0 | 0.0% |
| 2000 | $0.32M | $0 | 0.0% |
| 1999 | $3.30M | $0 | 0.0% |
| 1998 | ($0.20M) | $0 | N/A (Loss) |
| 1997 | $5.30M | $0 | 0.0% |
| 1996 | $0.70M | $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.
