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 51.50% is 66% above its 5-year average of 31.09%, around the middle of its 5-year range (8.77%–72.21%).
As of the fiscal period ended Tuesday, June 30, 2026. 44.05% above its 12-month average of 35.75%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 51.50%.
FCF PAYOUT RATIO
51.50%
FCF PAYOUT RATIO AVG TTM
35.75%
FCF PAYOUT RATIO AVG 3Y
27.41%
FCF PAYOUT RATIO AVG 5Y
31.09%
FCF PAYOUT RATIO AVG 10Y
17.25%
FCF PAYOUT RATIO AVG 15Y
9.25%
FCF PAYOUT RATIO AVG 20Y
16.31%
CURRENT VS TTM AVG
+44.05%
CURRENT VS 3Y AVG
+87.88%
CURRENT VS 5Y AVG
+65.65%
CURRENT VS 10Y AVG
+198.51%
CURRENT VS 15Y AVG
+456.84%
CURRENT VS 20Y AVG
+215.72%
FCF Payout Ratio TTM
51.5%
Earnings Payout Ratio
23.5%
Dividend Yield
1.02%
FCF Yield
2.02%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $47.18M | $8.18M | 17.3% |
| 2024 | ($4.07M) | $8.09M | N/A (Loss) |
| 2023 | $55.40M | $8.09M | 14.6% |
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 |
|---|---|
| 2026-06-30 | 51.50% |
| 2026-03-31 | 43.38% |
| 2025-12-31 | 17.34% |
| 2025-09-30 | 30.78% |
| 2024-06-30 | 23.11% |
| 2024-03-31 | 8.77% |
| 2023-12-31 | 14.60% |
| 2023-09-30 | 28.64% |
| 2023-06-30 | 28.58% |
| 2023-03-31 | 43.42% |
| 2022-12-31 | 72.21% |
| 2022-09-30 | 30.84% |
| 2021-06-30 | 11.01% |
| 2020-03-31 | 24.65% |
| 2019-12-31 | 12.37% |
| 2019-09-30 | 10.91% |
| 2019-06-30 | 8.72% |
| 2019-03-31 | 7.65% |
| 2018-12-31 | 11.46% |
| 2018-09-30 | 7.82% |
| 2018-06-30 | 6.62% |
| 2018-03-31 | 6.77% |
| 2017-12-31 | 6.66% |
| 2017-09-30 | 8.90% |
| 2017-06-30 | 8.18% |
| 2017-03-31 | 8.17% |
| 2016-12-31 | 8.69% |
| 2016-09-30 | 6.34% |
| 2016-06-30 | 7.19% |
| 2016-03-31 | 7.57% |
| 2015-12-31 | 6.46% |
| 2015-09-30 | 7.43% |
| 2015-06-30 | 8.58% |
| 2015-03-31 | 8.95% |
| 2014-12-31 | 8.38% |
| 2014-09-30 | 9.94% |
| 2014-06-30 | 8.38% |
| 2014-03-31 | 7.36% |
| 2013-12-31 | 6.14% |
| 2013-09-30 | 6.57% |
| 2013-06-30 | 7.74% |
| 2013-03-31 | 7.84% |
| 2012-12-31 | 8.46% |
| 2012-09-30 | 10.36% |
| 2012-06-30 | 13.07% |
| 2012-03-31 | 13.40% |
| 2011-12-31 | 12.74% |
| 2011-09-30 | 10.21% |
| 2011-06-30 | 12.93% |
| 2011-03-31 | 12.92% |
| 2010-12-31 | 20.82% |
| 2010-09-30 | 37.17% |
| 2010-06-30 | 43.07% |
| 2010-03-31 | 160.01% |
| 2009-12-31 | 156.53% |
| 2009-09-30 | 85.09% |
| 2009-06-30 | 41.20% |
| 2009-03-31 | 23.03% |
| 2008-12-31 | 25.99% |
| 2008-09-30 | 20.71% |
| 2008-06-30 | 34.72% |
| 2008-03-31 | 32.40% |
| 2007-12-31 | 24.24% |
| 2007-09-30 | 14.80% |
| 2007-06-30 | 8.94% |
| 2007-03-31 | 5.75% |
| 2022 |
| $11.80M |
| $8.52M |
| 72.2% |
| 2021 | ($22.26M) | $9.07M | N/A (Loss) |
| 2020 | ($36.52M) | $9.12M | N/A (Loss) |
| 2019 | $66.34M | $8.21M | 12.4% |
| 2018 | $64.11M | $7.35M | 11.5% |
| 2017 | $109.17M | $7.28M | 6.7% |
| 2016 | $73.20M | $6.36M | 8.7% |
| 2015 | $97.64M | $6.31M | 6.5% |
| 2014 | $64.96M | $5.44M | 8.4% |
| 2013 | $66.10M | $4.06M | 6.1% |
| 2012 | $41.95M | $3.55M | 8.5% |
| 2011 | $30.11M | $3.83M | 12.7% |
| 2010 | $16.34M | $3.40M | 20.8% |
| 2009 | $2.14M | $3.36M | 156.5% |
| 2008 | $13.34M | $3.47M | 26.0% |
| 2007 | $13.43M | $3.26M | 24.2% |
| 2006 | $13.70M | $0.79M | 5.8% |
| 2005 | $14.99M | $0 | 0.0% |
| 2004 | $10.77M | $0 | 0.0% |
| 2003 | $6.84M | $0 | 0.0% |
| 2002 | ($1.08M) | $0 | N/A (Loss) |
| 2001 | $5.31M | $0 | 0.0% |
| 2000 | $10.65M | $0 | 0.0% |
| 1999 | ($11.80M) | $0 | N/A (Loss) |
| 1998 | $2.40M | $0 | 0.0% |
| 1997 | $6.30M | $0 | 0.0% |
| 1996 | $1.10M | $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.
