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 15.82% is 23% below its 5-year average of 20.67%, near the low end of its 5-year range (13.48%–36.04%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.33% above its 12-month average of 15.16%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
15.82%
FCF PAYOUT RATIO AVG TTM
15.16%
FCF PAYOUT RATIO AVG 3Y
14.83%
FCF PAYOUT RATIO AVG 5Y
20.67%
FCF PAYOUT RATIO AVG 10Y
24.13%
FCF PAYOUT RATIO AVG 15Y
29.86%
FCF PAYOUT RATIO AVG 20Y
29.06%
CURRENT VS TTM AVG
+4.33%
CURRENT VS 3Y AVG
+6.65%
CURRENT VS 5Y AVG
-23.47%
CURRENT VS 10Y AVG
-34.43%
CURRENT VS 15Y AVG
-47.02%
CURRENT VS 20Y AVG
-45.56%
FCF Payout Ratio TTM
15.8%
Earnings Payout Ratio
17.9%
Dividend Yield
0.59%
FCF Yield
3.58%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $460.52M | $72.60M | 15.8% |
| 2025 | $465.20M | $63.70M | 13.7% |
| 2024 | $346.53M | $55.88M | 16.1% |
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 | 15.82% |
| 2026-03-31 | 16.30% |
| 2025-12-31 | 15.31% |
| 2025-09-30 | 14.70% |
| 2025-06-30 | 13.69% |
| 2025-03-31 | 13.79% |
| 2024-12-31 | 14.28% |
| 2024-09-30 | 13.90% |
| 2024-06-30 | 16.13% |
| 2024-03-31 | 13.48% |
| 2023-12-31 | 13.60% |
| 2023-09-30 | 15.01% |
| 2023-06-30 | 16.83% |
| 2023-03-31 | 27.83% |
| 2022-12-31 | 30.63% |
| 2022-09-30 | 36.04% |
| 2022-06-30 | 30.57% |
| 2022-03-31 | 32.85% |
| 2021-12-31 | 34.45% |
| 2021-09-30 | 26.46% |
| 2021-06-30 | 22.43% |
| 2021-03-31 | 15.97% |
| 2020-12-31 | 14.88% |
| 2020-09-30 | 15.92% |
| 2020-06-30 | 17.67% |
| 2020-03-31 | 19.41% |
| 2019-12-31 | 24.48% |
| 2019-09-30 | 24.19% |
| 2019-06-30 | 29.24% |
| 2019-03-31 | 29.41% |
| 2018-12-31 | 26.94% |
| 2018-09-30 | 35.39% |
| 2018-06-30 | 36.96% |
| 2018-03-31 | 41.12% |
| 2017-12-31 | 38.27% |
| 2017-09-30 | 40.25% |
| 2017-06-30 | 30.24% |
| 2017-03-31 | 33.09% |
| 2016-12-31 | 27.48% |
| 2016-09-30 | 24.84% |
| 2016-06-30 | 29.30% |
| 2016-03-31 | 22.47% |
| 2015-12-31 | 24.96% |
| 2015-09-30 | 24.96% |
| 2015-06-30 | 30.56% |
| 2015-03-31 | 52.56% |
| 2014-12-31 | 76.13% |
| 2014-09-30 | 77.00% |
| 2014-06-30 | 44.94% |
| 2014-03-31 | 51.01% |
| 2013-12-31 | 36.84% |
| 2013-09-30 | 40.28% |
| 2013-06-30 | 37.50% |
| 2013-03-31 | 45.44% |
| 2012-12-31 | 50.48% |
| 2012-09-30 | 45.97% |
| 2012-06-30 | 52.48% |
| 2012-03-31 | 62.87% |
| 2011-12-31 | 47.27% |
| 2011-09-30 | 49.40% |
| 2011-06-30 | 52.74% |
| 2011-03-31 | 38.48% |
| 2010-12-31 | 29.97% |
| 2010-09-30 | 19.93% |
| 2010-06-30 | 14.35% |
| 2010-03-31 | 14.34% |
| 2009-12-31 | 18.28% |
| 2009-09-30 | 33.37% |
| 2009-06-30 | 34.15% |
| 2009-03-31 | 26.67% |
| 2008-12-31 | 30.60% |
| 2008-09-30 | 21.02% |
| 2008-06-30 | 25.25% |
| 2008-03-31 | 26.67% |
| 2007-12-31 | 21.63% |
| 2007-09-30 | 30.17% |
| 2007-06-30 | 35.11% |
| 2007-03-31 | 30.96% |
| 2006-12-31 | 25.94% |
| 2006-09-30 | 26.29% |
| 2006-06-30 | 30.57% |
| 2006-03-31 | 27.36% |
| 2005-12-31 | 26.82% |
| 2005-09-30 | 19.31% |
| 2005-06-30 | 17.74% |
| 2005-03-31 | 17.70% |
| 2004-12-31 | 22.35% |
| 2004-09-30 | 21.58% |
| 2004-06-30 | 32.31% |
| 2004-03-31 | 39.34% |
| 2003-12-31 | 68.80% |
| 2003-09-30 | 47.90% |
| 2003-06-30 | 16.80% |
| 2023 |
| $317.49M |
| $53.45M |
| 16.8% |
| 2022 | $169.45M | $51.80M | 30.6% |
| 2021 | $225.84M | $50.66M | 22.4% |
| 2020 | $276.60M | $48.87M | 17.7% |
| 2019 | $161.63M | $47.27M | 29.2% |
| 2018 | $124.07M | $45.86M | 37.0% |
| 2017 | $147.57M | $44.62M | 30.2% |
| 2016 | $147.86M | $43.33M | 29.3% |
| 2015 | $139.60M | $42.66M | 30.6% |
| 2014 | $89.92M | $40.41M | 44.9% |
| 2013 | $99.18M | $37.19M | 37.5% |
| 2012 | $64.40M | $33.80M | 52.5% |
| 2011 | $56.41M | $29.75M | 52.7% |
| 2010 | $177.11M | $25.42M | 14.4% |
| 2009 | $74.31M | $25.38M | 34.2% |
| 2008 | $101.89M | $25.73M | 25.3% |
| 2007 | $59.73M | $20.97M | 35.1% |
| 2006 | $58.80M | $17.97M | 30.6% |
| 2005 | $71.83M | $12.74M | 17.7% |
| 2004 | $28.70M | $9.27M | 32.3% |
| 2003 | $54.50M | $9.15M | 16.8% |
| 2002 | $58.90M | $9.27M | 15.7% |
| 2001 | $25.49M | $9.53M | 37.4% |
| 2000 | $66.93M | $9.93M | 14.8% |
| 1999 | $57.00M | $10.40M | 18.2% |
| 1998 | ($65.60M) | $10.30M | N/A (Loss) |
| 1997 | $20.20M | $7.70M | 38.1% |
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.
