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 4.76% is 23% below its 5-year average of 6.16%, near the low end of its 5-year range (3.63%–75.36%).
As of the fiscal period ended Tuesday, June 30, 2026. 19.07% below its 12-month average of 5.88%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
4.76%
FCF PAYOUT RATIO AVG TTM
5.88%
FCF PAYOUT RATIO AVG 3Y
5.10%
FCF PAYOUT RATIO AVG 5Y
6.16%
FCF PAYOUT RATIO AVG 10Y
10.67%
FCF PAYOUT RATIO AVG 15Y
13.56%
FCF PAYOUT RATIO AVG 20Y
15.68%
CURRENT VS TTM AVG
-19.07%
CURRENT VS 3Y AVG
-6.67%
CURRENT VS 5Y AVG
-22.74%
CURRENT VS 10Y AVG
-55.41%
CURRENT VS 15Y AVG
-64.92%
CURRENT VS 20Y AVG
-69.67%
FCF Payout Ratio TTM
4.8%
Earnings Payout Ratio
6.0%
Dividend Yield
0.11%
FCF Yield
2.15%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $67.93M | $3.46M | 5.1% |
| 2024 | $59.96M | $3.45M | 5.8% |
| 2023 | $96.22M | $3.49M | 3.6% |
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 | 4.76% |
| 2026-03-31 | 4.67% |
| 2025-12-31 | 5.05% |
| 2025-09-30 | 7.76% |
| 2025-06-30 | 7.16% |
| 2025-03-31 | 5.55% |
| 2024-12-31 | 5.76% |
| 2024-09-30 | 4.24% |
| 2024-06-30 | 3.63% |
| 2024-03-31 | 4.05% |
| 2023-12-31 | 3.63% |
| 2023-09-30 | 4.05% |
| 2023-06-30 | 5.97% |
| 2023-03-31 | 6.30% |
| 2022-12-31 | 10.86% |
| 2022-09-30 | 17.39% |
| 2022-06-30 | 47.00% |
| 2021-09-30 | 75.36% |
| 2021-06-30 | 15.10% |
| 2021-03-31 | 9.64% |
| 2020-12-31 | 8.28% |
| 2020-09-30 | 9.89% |
| 2020-06-30 | 12.94% |
| 2020-03-31 | 11.39% |
| 2019-12-31 | 23.02% |
| 2019-09-30 | 24.00% |
| 2019-06-30 | 59.49% |
| 2018-09-30 | 124.72% |
| 2018-06-30 | 21.08% |
| 2018-03-31 | 18.77% |
| 2017-12-31 | 18.54% |
| 2017-09-30 | 16.71% |
| 2017-06-30 | 21.61% |
| 2017-03-31 | 15.19% |
| 2016-12-31 | 10.68% |
| 2016-09-30 | 8.01% |
| 2016-06-30 | 6.43% |
| 2016-03-31 | 6.53% |
| 2015-12-31 | 5.79% |
| 2015-09-30 | 8.81% |
| 2015-06-30 | 14.68% |
| 2015-03-31 | 12.07% |
| 2014-12-31 | 23.56% |
| 2014-09-30 | 19.00% |
| 2014-06-30 | 16.39% |
| 2014-03-31 | 134.96% |
| 2013-12-31 | 134.97% |
| 2013-09-30 | 153.95% |
| 2013-06-30 | 159.96% |
| 2013-03-31 | 52.29% |
| 2012-12-31 | 46.98% |
| 2012-09-30 | 26.30% |
| 2012-06-30 | 32.86% |
| 2012-03-31 | 16.63% |
| 2011-12-31 | 11.72% |
| 2011-09-30 | 11.59% |
| 2011-06-30 | 12.49% |
| 2011-03-31 | 18.01% |
| 2010-12-31 | 61.06% |
| 2010-06-30 | 139.23% |
| 2010-03-31 | 36.15% |
| 2009-12-31 | 11.75% |
| 2009-09-30 | 12.11% |
| 2009-06-30 | 18.12% |
| 2009-03-31 | 32.67% |
| 2008-12-31 | 102.90% |
| 2008-09-30 | 38.69% |
| 2008-06-30 | 34.27% |
| 2008-03-31 | 18.20% |
| 2007-12-31 | 23.38% |
| 2007-09-30 | 19.49% |
| 2007-06-30 | 17.77% |
| 2007-03-31 | 19.63% |
| 2006-12-31 | 23.00% |
| 2006-09-30 | 19.01% |
| 2006-06-30 | 12.69% |
| 2006-03-31 | 15.32% |
| 2005-12-31 | 9.28% |
| 2005-09-30 | 8.55% |
| 2005-06-30 | 9.43% |
| 2005-03-31 | 7.45% |
| 2004-12-31 | 8.49% |
| 2004-09-30 | 7.01% |
| 2004-06-30 | 6.43% |
| 2004-03-31 | 6.78% |
| 2003-12-31 | 7.33% |
| 2003-09-30 | 9.87% |
| 2003-06-30 | 17.92% |
| 2022 |
| $31.43M |
| $3.41M |
| 10.9% |
| 2021 | ($4.76M) | $3.38M | N/A (Loss) |
| 2020 | $40.63M | $3.36M | 8.3% |
| 2019 | $14.56M | $3.35M | 23.0% |
| 2018 | ($1.50M) | $3.29M | N/A (Loss) |
| 2017 | $17.70M | $3.28M | 18.5% |
| 2016 | $30.38M | $3.25M | 10.7% |
| 2015 | $55.90M | $3.24M | 5.8% |
| 2014 | $13.41M | $3.16M | 23.6% |
| 2013 | $2.31M | $3.11M | 135.0% |
| 2012 | $6.87M | $3.23M | 47.0% |
| 2011 | $27.34M | $3.21M | 11.7% |
| 2010 | $5.21M | $3.18M | 61.1% |
| 2009 | $26.70M | $3.14M | 11.7% |
| 2008 | $3.10M | $3.19M | 102.9% |
| 2007 | $10.58M | $2.47M | 23.4% |
| 2006 | $9.67M | $2.22M | 23.0% |
| 2005 | $23.53M | $2.18M | 9.3% |
| 2004 | $25.53M | $2.17M | 8.5% |
| 2003 | $25.55M | $1.87M | 7.3% |
| 2002 | ($1.39M) | $1.64M | N/A (Loss) |
| 2001 | $15.00M | $1.61M | 10.7% |
| 2000 | $30.27M | $1.58M | 5.2% |
| 1999 | $17.90M | $0 | 0.0% |
| 1998 | ($15.40M) | $0 | N/A (Loss) |
| 1997 | $2.20M | $0 | 0.0% |
| 1996 | $11.60M | $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.
