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 23.47% is 24% below its 5-year average of 30.88%, near the low end of its 5-year range (20.29%–342.67%).
As of the fiscal period ended Monday, September 30, 2024. 49.53% below its 12-month average of 46.51%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
23.47%
FCF PAYOUT RATIO AVG TTM
46.51%
FCF PAYOUT RATIO AVG 3Y
90.10%
FCF PAYOUT RATIO AVG 5Y
30.88%
FCF PAYOUT RATIO AVG 10Y
40.23%
FCF PAYOUT RATIO AVG 15Y
30.69%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-49.53%
CURRENT VS 3Y AVG
-73.95%
CURRENT VS 5Y AVG
-23.97%
CURRENT VS 10Y AVG
-41.64%
CURRENT VS 15Y AVG
-23.50%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
23.5%
Earnings Payout Ratio
30.3%
Dividend Yield
0.51%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($191.42M) | $32.60M | N/A (Loss) |
| 2024 | ($3.13M) | $26.08M | N/A (Loss) |
| 2023 | $54.60M | $26.45M | 48.4% |
| 2022 | $7.29M | $22.92M | 314.2% |
| 2021 | $5.82M | $19.95M | 342.7% |
| 2020 | $61.01M | $19.82M | 32.5% |
| 2019 | $60.76M | $16.64M | 27.4% |
| 2018 | $17.59M | $16.73M | 95.1% |
| 2017 | $16.28M | $13.66M | 83.9% |
| 2016 | $37.32M | $12.68M | 34.0% |
| 2015 | $31.94M | $11.86M | 37.1% |
| 2014 | $36.15M | $9.66M | 26.7% |
| 2013 | $44.55M | $7.43M | 16.7% |
| 2012 | $37.02M | $8.84M | 23.9% |
| 2011 | ($9.43M) | $5.93M | N/A (Loss) |
| 2010 | $14.68M | $9.17M | 62.4% |
| 2009 | $35.43M | $5.87M | 16.6% |
| 2008 | $23.84M | $5.79M | 24.3% |
| 2007 | $20.37M | $4.96M | 24.3% |
| 2006 | $1.65M | $2.48M | 150.5% |
| 2005 | $1.82M | $0 | 0.0% |
| 2004 | ($0.82M) | $0 | N/A (Loss) |
| 2003 | $8.77M | $0 | 0.0% |
| 2002 | $15.80M | $0 | 0.0% |
| 2001 | $14.86M | $0 | 0.0% |
| 2000 | $3.30M | $0 | 0.0% |
| 1999 | $5.26M | $0 | 0.0% |
| 1998 | $0.97M | $0 | 0.0% |
| 1997 | ($4.26M) | $0 | N/A (Loss) |
| 1996 | $2.03M | $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.
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 |
|---|---|
| 2024-09-30 | 23.47% |
| 2024-06-30 | 24.97% |
| 2024-03-31 | 20.29% |
| 2023-12-31 | 53.53% |
| 2023-09-30 | 110.29% |
| 2023-06-30 | 101.44% |
| 2021-12-31 | 342.67% |
| 2021-09-30 | 44.12% |
| 2021-06-30 | 32.21% |
| 2021-03-31 | 34.33% |
| 2020-12-31 | 32.48% |
| 2020-09-30 | 26.43% |
| 2020-06-30 | 23.47% |
| 2020-03-31 | 23.66% |
| 2019-12-31 | 27.40% |
| 2019-09-30 | 35.03% |
| 2019-06-30 | 63.47% |
| 2019-03-31 | 78.04% |
| 2018-12-31 | 95.11% |
| 2018-09-30 | 142.17% |
| 2018-06-30 | 141.02% |
| 2018-03-31 | 94.36% |
| 2017-12-31 | 83.92% |
| 2017-09-30 | 46.59% |
| 2017-06-30 | 30.48% |
| 2017-03-31 | 37.41% |
| 2016-12-31 | 33.62% |
| 2016-09-30 | 36.26% |
| 2016-06-30 | 13.24% |
| 2016-03-31 | 14.26% |
| 2015-12-31 | 17.25% |
| 2015-09-30 | 13.49% |
| 2015-06-30 | 17.93% |
| 2015-03-31 | 15.53% |
| 2014-12-31 | 13.51% |
| 2014-09-30 | 9.86% |
| 2014-06-30 | 24.46% |
| 2014-03-31 | 17.47% |
| 2013-12-31 | 16.67% |
| 2013-09-30 | 22.01% |
| 2013-06-30 | 17.22% |
| 2013-03-31 | 24.62% |
| 2012-12-31 | 23.88% |
| 2012-09-30 | 16.52% |
| 2012-06-30 | 35.30% |
| 2012-03-31 | 73.85% |
| 2010-12-31 | 62.44% |
| 2010-09-30 | 33.71% |
| 2010-06-30 | 30.25% |
| 2010-03-31 | 17.80% |
| 2009-12-31 | 16.58% |
| 2009-09-30 | 21.83% |
| 2009-06-30 | 19.19% |
| 2009-03-31 | 22.97% |
| 2008-12-31 | 24.29% |
| 2008-09-30 | 16.18% |
| 2008-06-30 | 16.49% |
| 2008-03-31 | 19.81% |
| 2007-12-31 | 24.34% |
| 2007-09-30 | 32.12% |
| 2007-06-30 | 48.04% |
| 2007-03-31 | 95.73% |
