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 17.03% is 13% above its 5-year average of 15.01%, near the low end of its 5-year range (11.40%–162.85%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.66% below its 12-month average of 17.32%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 17.03%.
FCF PAYOUT RATIO
17.03%
FCF PAYOUT RATIO AVG TTM
17.32%
FCF PAYOUT RATIO AVG 3Y
16.32%
FCF PAYOUT RATIO AVG 5Y
15.01%
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-1.66%
CURRENT VS 3Y AVG
+4.40%
CURRENT VS 5Y AVG
+13.48%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
17.0%
Earnings Payout Ratio
31.1%
Dividend Yield
0.87%
FCF Yield
5.29%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $520.21M | $84.96M | 16.3% |
| 2024 | $421.25M | $72.11M | 17.1% |
| 2023 | $391.69M | $58.76M | 15.0% |
| 2022 | $255.78M | $34.49M | 13.5% |
| 2021 | $270.49M | $33.40M | 12.3% |
| 2020 | $241.89M | $422.65M | 174.7% |
| 2019 | $154.13M | $24.99M | 16.2% |
| 2018 | $141.97M | $20.06M | 14.1% |
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.
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 | 17.03% |
| 2026-03-31 | 17.29% |
| 2025-12-31 | 16.33% |
| 2025-09-30 | 17.80% |
| 2025-06-30 | 18.16% |
| 2025-03-31 | 17.29% |
| 2024-12-31 | 17.12% |
| 2024-09-30 | 16.13% |
| 2024-06-30 | 16.06% |
| 2024-03-31 | 14.75% |
| 2023-12-31 | 15.00% |
| 2023-09-30 | 15.43% |
| 2023-06-30 | 13.72% |
| 2023-03-31 | 12.26% |
| 2022-12-31 | 13.49% |
| 2022-09-30 | 11.40% |
| 2022-06-30 | 11.78% |
| 2022-03-31 | 14.17% |
| 2021-12-31 | 12.35% |
| 2021-09-30 | 12.65% |
| 2021-06-30 | 162.85% |
| 2021-03-31 | 139.20% |
| 2020-12-31 | 174.72% |
| 2020-09-30 | 199.01% |
| 2020-06-30 | 13.71% |
| 2020-03-31 | 14.29% |
| 2019-12-31 | 16.17% |
| 2019-09-30 | 19.67% |
