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 31.16% is in line with its 5-year average of 29.06%, around the middle of its 5-year range (24.71%–39.81%).
As of the fiscal period ended Tuesday, June 30, 2026. 16.57% above its 12-month average of 26.73%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 31.16%.
FCF PAYOUT RATIO
31.16%
FCF PAYOUT RATIO AVG TTM
26.73%
FCF PAYOUT RATIO AVG 3Y
27.49%
FCF PAYOUT RATIO AVG 5Y
29.06%
FCF PAYOUT RATIO AVG 10Y
28.77%
FCF PAYOUT RATIO AVG 15Y
34.85%
FCF PAYOUT RATIO AVG 20Y
34.80%
CURRENT VS TTM AVG
+16.57%
CURRENT VS 3Y AVG
+13.35%
CURRENT VS 5Y AVG
+7.23%
CURRENT VS 10Y AVG
+8.33%
CURRENT VS 15Y AVG
-10.57%
CURRENT VS 20Y AVG
-10.44%
FCF Payout Ratio TTM
31.2%
Earnings Payout Ratio
38.3%
Dividend Yield
1.28%
FCF Yield
4.06%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $169.67M | $43.53M | 25.7% |
| 2024 | $142.22M | $35.85M | 25.2% |
| 2023 | $98.11M | $29.05M | 29.6% |
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 | 31.16% |
| 2026-03-31 | 26.75% |
| 2025-12-31 | 25.65% |
| 2025-09-30 | 25.12% |
| 2025-06-30 | 24.99% |
| 2025-03-31 | 24.71% |
| 2024-12-31 | 25.21% |
| 2024-09-30 | 25.84% |
| 2024-06-30 | 27.06% |
| 2024-03-31 | 29.43% |
| 2023-12-31 | 29.61% |
| 2023-09-30 | 30.56% |
| 2023-06-30 | 31.34% |
| 2023-03-31 | 31.22% |
| 2022-12-31 | 32.52% |
| 2022-09-30 | 33.82% |
| 2022-06-30 | 36.91% |
| 2022-03-31 | 39.81% |
| 2021-12-31 | 28.43% |
| 2021-09-30 | 32.03% |
| 2021-06-30 | 28.88% |
| 2021-03-31 | 25.57% |
| 2020-12-31 | 25.26% |
| 2020-09-30 | 23.45% |
| 2020-06-30 | 23.11% |
| 2020-03-31 | 22.26% |
| 2019-12-31 | 25.40% |
| 2019-09-30 | 24.16% |
| 2019-06-30 | 25.58% |
| 2019-03-31 | 26.48% |
| 2018-12-31 | 31.46% |
| 2018-09-30 | 47.51% |
| 2018-06-30 | 62.70% |
| 2018-03-31 | 49.14% |
| 2017-12-31 | 40.99% |
| 2017-09-30 | 28.93% |
| 2017-06-30 | 24.71% |
| 2017-03-31 | 32.85% |
| 2016-12-31 | 27.33% |
| 2016-09-30 | 35.79% |
| 2016-06-30 | 43.40% |
| 2016-03-31 | 41.70% |
| 2015-12-31 | 70.10% |
| 2015-09-30 | 59.00% |
| 2015-06-30 | 38.22% |
| 2015-03-31 | 36.28% |
| 2014-12-31 | 45.43% |
| 2014-09-30 | 51.14% |
| 2014-06-30 | 60.01% |
| 2014-03-31 | 62.52% |
| 2013-12-31 | 48.78% |
| 2013-09-30 | 37.05% |
| 2013-06-30 | 39.39% |
| 2013-03-31 | 49.73% |
| 2012-12-31 | 35.76% |
| 2012-09-30 | 41.63% |
| 2012-06-30 | 43.04% |
| 2012-03-31 | 29.78% |
| 2011-12-31 | 34.73% |
| 2011-09-30 | 34.76% |
| 2011-06-30 | 81.02% |
| 2011-03-31 | 635.32% |
| 2010-12-31 | 688.85% |
| 2010-09-30 | 83.68% |
| 2010-06-30 | 29.63% |
| 2010-03-31 | 28.69% |
| 2009-12-31 | 23.68% |
| 2009-09-30 | 23.88% |
| 2009-06-30 | 29.54% |
| 2008-03-31 | 48.56% |
| 2007-12-31 | 39.55% |
| 2007-09-30 | 29.99% |
| 2007-06-30 | 40.59% |
| 2007-03-31 | 50.72% |
| 2006-12-31 | 76.05% |
| 2006-03-31 | 56.00% |
| 2005-12-31 | 42.31% |
| 2005-09-30 | 61.17% |
| 2005-06-30 | 72.47% |
| 2005-03-31 | 53.04% |
| 2004-09-30 | 63.78% |
| 2004-06-30 | 29.14% |
| 2004-03-31 | 44.77% |
| 2003-12-31 | 48.72% |
| 2003-09-30 | 112.43% |
| 2022 |
| $76.56M |
| $24.88M |
| 32.5% |
| 2021 | $80.76M | $22.16M | 27.4% |
| 2020 | $80.52M | $20.34M | 25.3% |
| 2019 | $73.22M | $18.59M | 25.4% |
| 2018 | $51.71M | $16.27M | 31.5% |
| 2017 | $34.68M | $14.21M | 41.0% |
| 2016 | $45.59M | $12.46M | 27.3% |
| 2015 | $16.07M | $11.26M | 70.1% |
| 2014 | $23.40M | $10.63M | 45.4% |
| 2013 | $20.51M | $10.00M | 48.8% |
| 2012 | $26.60M | $9.51M | 35.8% |
| 2011 | $25.98M | $9.02M | 34.7% |
| 2010 | $1.13M | $7.78M | 688.8% |
| 2009 | $28.84M | $6.83M | 23.7% |
| 2008 | ($11.84M) | $5.85M | N/A (Loss) |
| 2007 | $12.30M | $4.87M | 39.5% |
| 2006 | $5.69M | $4.33M | 76.0% |
| 2005 | $9.27M | $3.92M | 42.3% |
| 2004 | ($0.07M) | $3.63M | N/A (Loss) |
| 2003 | $7.03M | $3.42M | 48.7% |
| 2002 | $6.32M | $3.23M | 51.1% |
| 2001 | $3.58M | $3.16M | 88.4% |
| 2000 | $6.85M | $2.85M | 41.6% |
| 1999 | $5.40M | $2.50M | 46.3% |
| 1998 | ($3.20M) | $2.10M | N/A (Loss) |
| 1997 | ($3.10M) | $1.70M | N/A (Loss) |
| 1996 | $4.50M | $1.50M | 33.3% |
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.
