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 30.34% is 64% below its 4-year average of 83.87%, near the low end of its 4-year range (19.82%–386.59%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.97% above its 12-month average of 27.10%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
30.34%
FCF PAYOUT RATIO AVG TTM
27.10%
FCF PAYOUT RATIO AVG 3Y
32.22%
FCF PAYOUT RATIO AVG 5Y
67.06%
FCF PAYOUT RATIO AVG 10Y
63.60%
FCF PAYOUT RATIO AVG 15Y
45.68%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+11.97%
CURRENT VS 3Y AVG
-5.82%
CURRENT VS 5Y AVG
-54.75%
CURRENT VS 10Y AVG
-52.29%
CURRENT VS 15Y AVG
-33.57%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
30.3%
Earnings Payout Ratio
28.9%
Dividend Yield
0.62%
FCF Yield
2.07%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $295.29M | $92.47M | 31.3% |
| 2024 | $254.78M | $88.35M | 34.7% |
| 2023 | $212.41M | $84.97M | 40.0% |
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 | 30.34% |
| 2026-03-31 | 28.83% |
| 2025-12-31 | 31.31% |
| 2025-09-30 | 19.82% |
| 2025-06-30 | 25.20% |
| 2025-03-31 | 33.26% |
| 2024-12-31 | 34.68% |
| 2024-09-30 | 43.41% |
| 2024-06-30 | 34.30% |
| 2024-03-31 | 33.24% |
| 2023-12-31 | 40.00% |
| 2023-09-30 | 98.43% |
| 2023-06-30 | 123.39% |
| 2023-03-31 | 133.71% |
| 2022-12-31 | 174.76% |
| 2022-09-30 | 90.72% |
| 2022-06-30 | 125.33% |
| 2022-03-31 | 386.59% |
| 2021-12-31 | 106.26% |
| 2021-03-31 | 819.42% |
| 2020-09-30 | 73.32% |
| 2020-06-30 | 41.66% |
| 2020-03-31 | 76.10% |
| 2019-12-31 | 67.23% |
| 2019-09-30 | 66.81% |
| 2019-06-30 | 134.96% |
| 2019-03-31 | 190.49% |
| 2018-12-31 | 106.45% |
| 2018-06-30 | 73.58% |
| 2018-03-31 | 31.11% |
| 2017-12-31 | 33.56% |
| 2017-09-30 | 17.23% |
| 2017-06-30 | 21.58% |
| 2017-03-31 | 25.05% |
| 2016-12-31 | 19.96% |
| 2016-09-30 | 27.74% |
| 2016-06-30 | 12.14% |
| 2016-03-31 | 13.30% |
| 2015-12-31 | 13.17% |
| 2015-09-30 | 11.87% |
| 2015-06-30 | 22.94% |
| 2015-03-31 | 37.01% |
| 2013-12-31 | 53.74% |
| 2013-09-30 | 20.00% |
| 2013-06-30 | 14.49% |
| 2013-03-31 | 10.61% |
| 2012-12-31 | 9.65% |
| 2012-09-30 | 33.98% |
| 2012-06-30 | 26.97% |
| 2012-03-31 | 23.87% |
| 2011-12-31 | 19.01% |
| 2011-09-30 | 34.29% |
| 2011-06-30 | 32.54% |
| 2011-03-31 | 47.76% |
| 2010-12-31 | 33.66% |
| 2022 |
| $46.39M |
| $81.07M |
| 174.8% |
| 2021 | $74.97M | $79.67M | 106.3% |
| 2020 | ($58.59M) | $72.94M | N/A (Loss) |
| 2019 | $97.24M | $65.37M | 67.2% |
| 2018 | $59.95M | $63.82M | 106.5% |
| 2017 | $125.27M | $42.04M | 33.6% |
| 2016 | $187.22M | $37.37M | 20.0% |
| 2015 | $261.83M | $34.48M | 13.2% |
| 2014 | ($1.83M) | $43.47M | N/A (Loss) |
| 2013 | $70.74M | $38.01M | 53.7% |
| 2012 | $98.29M | $9.48M | 9.6% |
| 2011 | $109.72M | $20.85M | 19.0% |
| 2010 | $128.76M | $143.33M | 111.3% |
| 2009 | $159.10M | $0 | 0.0% |
| 2008 | ($2.93M) | $0 | N/A (Loss) |
| 2007 | $542.40M | $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.
