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 2.95% is 97% below its 5-year average of 104.94%, near the low end of its 5-year range (2.95%–127.79%).
As of the fiscal period ended Tuesday, June 30, 2026. 96.73% below its 12-month average of 90.22%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
2.95%
FCF PAYOUT RATIO AVG TTM
90.22%
FCF PAYOUT RATIO AVG 3Y
110.32%
FCF PAYOUT RATIO AVG 5Y
104.94%
FCF PAYOUT RATIO AVG 10Y
86.22%
FCF PAYOUT RATIO AVG 15Y
73.92%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-96.73%
CURRENT VS 3Y AVG
-97.32%
CURRENT VS 5Y AVG
-97.19%
CURRENT VS 10Y AVG
-96.58%
CURRENT VS 15Y AVG
-96.01%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
3.0%
Earnings Payout Ratio
98.3%
Dividend Yield
0.73%
FCF Yield
1.36%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $183.16M | $194.97M | 106.4% |
| 2024 | $175.63M | $177.62M | 101.1% |
| 2023 | $199.28M | $245.15M | 123.0% |
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 | 2.95% |
| 2026-03-31 | 88.90% |
| 2025-12-31 | 125.19% |
| 2025-09-30 | 120.50% |
| 2025-06-30 | 113.55% |
| 2025-03-31 | 109.49% |
| 2024-12-31 | 100.51% |
| 2024-09-30 | 105.44% |
| 2024-06-30 | 112.65% |
| 2024-03-31 | 127.79% |
| 2023-12-31 | 124.12% |
| 2023-09-30 | 105.87% |
| 2023-06-30 | 89.80% |
| 2023-03-31 | 104.88% |
| 2022-12-31 | 112.10% |
| 2022-09-30 | 102.98% |
| 2022-06-30 | 101.65% |
| 2022-03-31 | 49.71% |
| 2021-12-31 | 53.15% |
| 2021-09-30 | 64.89% |
| 2021-06-30 | 78.70% |
| 2021-03-31 | 50.94% |
| 2020-12-31 | 50.31% |
| 2020-09-30 | 57.03% |
| 2020-06-30 | 70.18% |
| 2020-03-31 | 153.69% |
| 2019-12-31 | 120.08% |
| 2019-09-30 | 98.93% |
| 2019-06-30 | 79.72% |
| 2019-03-31 | 111.04% |
| 2018-12-31 | 103.97% |
| 2018-09-30 | 90.85% |
| 2018-06-30 | 109.47% |
| 2018-03-31 | 39.36% |
| 2017-12-31 | 49.12% |
| 2017-09-30 | 71.50% |
| 2017-06-30 | 68.49% |
| 2017-03-31 | 54.20% |
| 2016-12-31 | 52.40% |
| 2016-09-30 | 51.30% |
| 2016-06-30 | 57.45% |
| 2016-03-31 | 70.11% |
| 2015-12-31 | 75.29% |
| 2015-09-30 | 70.86% |
| 2015-06-30 | 64.38% |
| 2015-03-31 | 20.65% |
| 2014-12-31 | 23.83% |
| 2014-09-30 | 31.55% |
| 2014-06-30 | 67.47% |
| 2014-03-31 | 48.66% |
| 2013-12-31 | 150.59% |
| 2013-09-30 | 85.69% |
| 2013-06-30 | 49.39% |
| 2013-03-31 | 275.91% |
| 2012-12-31 | 20.98% |
| 2012-09-30 | 31.23% |
| 2012-06-30 | 22.08% |
| 2012-03-31 | 13.09% |
| 2011-12-31 | 17.01% |
| 2011-09-30 | 15.98% |
| 2011-06-30 | 21.53% |
| 2022 |
| $260.51M |
| $288.31M |
| 110.7% |
| 2021 | $284.02M | $147.25M | 51.8% |
| 2020 | $171.21M | $89.77M | 52.4% |
| 2019 | $117.13M | $137.38M | 117.3% |
| 2018 | $190.09M | $199.16M | 104.8% |
| 2017 | $187.82M | $78.39M | 41.7% |
| 2016 | $92.03M | $47.77M | 51.9% |
| 2015 | $83.33M | $61.79M | 74.1% |
| 2014 | $69.58M | $15.01M | 21.6% |
| 2013 | $8.69M | $15.39M | 177.0% |
| 2012 | $30.05M | $6.72M | 22.3% |
| 2011 | $42.29M | $6.61M | 15.6% |
| 2010 | ($1.03M) | $0 | N/A (Loss) |
| 2009 | ($19.00M) | $0 | N/A (Loss) |
| 2008 | $17.37M | $0 | 0.0% |
| 2007 | ($5.56M) | $0 | N/A (Loss) |
| 2006 | $11.88M | $0 | 0.0% |
| 2005 | ($8.26M) | $0 | N/A (Loss) |
| 2004 | ($10.85M) | $0 | N/A (Loss) |
| 2003 | ($8.29M) | $0 | N/A (Loss) |
| 2002 | ($9.59M) | $0 | N/A (Loss) |
| 2001 | $10.33M | $0 | 0.0% |
| 2000 | $5.42M | $0 | 0.0% |
| 1999 | $3.70M | $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.
