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 17.09% is in line with its 4-year average of 16.18%, near the low end of its 4-year range (9.17%–47.84%).
As of the fiscal period ended Saturday, June 27, 2026. 20.06% above its 12-month average of 14.23%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
17.09%
FCF PAYOUT RATIO AVG TTM
14.23%
FCF PAYOUT RATIO AVG 3Y
15.74%
FCF PAYOUT RATIO AVG 5Y
16.18%
FCF PAYOUT RATIO AVG 10Y
20.15%
FCF PAYOUT RATIO AVG 15Y
20.03%
FCF PAYOUT RATIO AVG 20Y
21.03%
CURRENT VS TTM AVG
+20.06%
CURRENT VS 3Y AVG
+8.56%
CURRENT VS 5Y AVG
+5.65%
CURRENT VS 10Y AVG
-15.18%
CURRENT VS 15Y AVG
-14.70%
CURRENT VS 20Y AVG
-18.73%
FCF Payout Ratio TTM
17.1%
Earnings Payout Ratio
16.4%
Dividend Yield
0.59%
FCF Yield
3.34%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $311.45M | $52.48M | 16.9% |
| 2024 | $493.23M | $48.36M | 9.8% |
| 2023 | $210.00M | $49.52M | 23.6% |
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 |
|---|---|
| 2026-06-27 | 17.09% |
| 2026-03-28 | 15.55% |
| 2025-12-27 | 16.85% |
| 2025-09-27 | 12.50% |
| 2025-06-28 | 9.17% |
| 2025-03-29 | 9.28% |
| 2024-12-28 | 9.80% |
| 2024-09-28 | 11.75% |
| 2024-06-29 | 18.52% |
| 2024-03-30 | 22.73% |
| 2023-12-31 | 23.58% |
| 2023-09-30 | 20.64% |
| 2023-07-01 | 17.16% |
| 2023-04-01 | 18.32% |
| 2022-12-31 | 19.66% |
| 2022-09-24 | 47.84% |
| 2021-06-26 | 30.70% |
| 2021-03-27 | 21.77% |
| 2020-12-31 | 17.62% |
| 2020-09-26 | 14.45% |
| 2020-06-27 | 13.64% |
| 2020-03-28 | 12.40% |
| 2019-12-31 | 15.53% |
| 2019-09-28 | 14.34% |
| 2019-06-29 | 26.88% |
| 2019-03-30 | 65.51% |
| 2018-12-31 | 41.63% |
| 2018-09-29 | 224.77% |
| 2018-06-30 | 48.38% |
| 2018-03-31 | 39.71% |
| 2017-12-31 | 37.44% |
| 2017-09-30 | 19.82% |
| 2017-07-01 | 24.94% |
| 2017-04-01 | 29.12% |
| 2016-12-31 | 21.12% |
| 2016-09-24 | 20.96% |
| 2016-06-25 | 17.18% |
| 2016-03-26 | 13.69% |
| 2015-12-31 | 15.59% |
| 2015-09-26 | 15.55% |
| 2015-06-27 | 24.68% |
| 2015-03-28 | 24.59% |
| 2014-12-31 | 32.10% |
| 2014-09-27 | 22.27% |
| 2014-06-28 | 12.58% |
| 2014-03-29 | 10.65% |
| 2013-12-31 | 8.77% |
| 2013-09-28 | 11.49% |
| 2013-06-29 | 9.09% |
| 2013-03-30 | 12.94% |
| 2012-12-31 | 21.52% |
| 2012-09-29 | 23.41% |
| 2012-06-30 | 61.13% |
| 2012-03-31 | 59.22% |
| 2011-12-31 | 35.41% |
| 2011-09-24 | 45.46% |
| 2011-06-25 | 54.37% |
| 2011-03-26 | 31.83% |
| 2010-12-31 | 25.54% |
| 2010-09-25 | 11.34% |
| 2010-06-26 | 6.65% |
| 2010-03-27 | 5.14% |
| 2009-12-31 | 4.81% |
| 2009-09-26 | 7.03% |
| 2009-06-27 | 15.35% |
| 2009-03-28 | 64.34% |
| 2008-12-31 | 722.35% |
| 2008-09-27 | 16.68% |
| 2008-06-28 | 11.07% |
| 2008-03-29 | 13.99% |
| 2007-12-31 | 19.21% |
| 2007-09-29 | 30.07% |
| 2007-06-30 | 40.81% |
| 2007-03-31 | 38.85% |
| 2006-12-31 | 29.10% |
| 2006-09-30 | 18.23% |
| 2006-07-01 | 14.91% |
| 2006-04-01 | 13.96% |
| 2005-12-31 | 8.15% |
| 2005-09-24 | 9.98% |
| 2005-06-25 | 26.82% |
| 2005-03-26 | 31.97% |
| 2004-06-26 | 58.47% |
| 2004-03-27 | 18.88% |
| 2003-12-31 | 17.61% |
| 2003-09-27 | 16.86% |
| 2003-06-28 | 13.81% |
| 2022 |
| $232.98M |
| $45.81M |
| 19.7% |
| 2021 | ($41.85M) | $41.41M | N/A (Loss) |
| 2020 | $209.59M | $36.93M | 17.6% |
| 2019 | $210.19M | $32.64M | 15.5% |
| 2018 | $81.02M | $33.73M | 41.6% |
| 2017 | $90.45M | $33.86M | 37.4% |
| 2016 | $161.25M | $34.05M | 21.1% |
| 2015 | $226.80M | $35.36M | 15.6% |
| 2014 | $101.07M | $32.44M | 32.1% |
| 2013 | $289.69M | $25.41M | 8.8% |
| 2012 | $100.02M | $21.52M | 21.5% |
| 2011 | $66.60M | $23.18M | 34.8% |
| 2010 | $116.13M | $29.66M | 25.5% |
| 2009 | $305.39M | $14.70M | 4.8% |
| 2008 | $1.70M | $12.25M | 722.3% |
| 2007 | $53.64M | $10.30M | 19.2% |
| 2006 | $31.23M | $9.09M | 29.1% |
| 2005 | $98.66M | $8.04M | 8.1% |
| 2004 | ($11.04M) | $7.65M | N/A (Loss) |
| 2003 | $42.10M | $7.41M | 17.6% |
| 2002 | $55.51M | $6.76M | 12.2% |
| 2001 | $84.19M | $6.31M | 7.5% |
| 2000 | ($35.47M) | $6.06M | N/A (Loss) |
| 1999 | $23.30M | $6.30M | 27.0% |
| 1998 | ($17.10M) | $6.60M | N/A (Loss) |
| 1997 | ($15.80M) | $5.80M | N/A (Loss) |
| 1996 | ($17.10M) | $4.80M | N/A (Loss) |
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.
