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 26.80% is 48% below its 5-year average of 51.94%, near the low end of its 5-year range (12.38%–118.05%).
As of the fiscal period ended Tuesday, June 30, 2026. 19.11% below its 12-month average of 33.14%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
26.80%
FCF PAYOUT RATIO AVG TTM
33.14%
FCF PAYOUT RATIO AVG 3Y
60.22%
FCF PAYOUT RATIO AVG 5Y
51.94%
FCF PAYOUT RATIO AVG 10Y
42.47%
FCF PAYOUT RATIO AVG 15Y
30.29%
FCF PAYOUT RATIO AVG 20Y
30.29%
CURRENT VS TTM AVG
-19.11%
CURRENT VS 3Y AVG
-55.49%
CURRENT VS 5Y AVG
-48.39%
CURRENT VS 10Y AVG
-36.88%
CURRENT VS 15Y AVG
-11.51%
CURRENT VS 20Y AVG
-11.51%
FCF Payout Ratio TTM
26.8%
Earnings Payout Ratio
36.0%
Dividend Yield
1.01%
FCF Yield
3.76%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $155.08M | $52.19M | 33.7% |
| 2024 | $65.18M | $53.21M | 81.6% |
| 2024 | $107.96M | $53.04M | 49.1% |
| 2023 | $48.78M | $42.27M | 86.7% |
| 2021 | $145.46M | $19.00M | 13.1% |
| 2020 | ($48.01M) | $15.79M | N/A (Loss) |
| 2019 | $142.90M | $60.72M | 42.5% |
| 2018 | $185.39M | $56.25M | 30.3% |
| 2017 | $116.36M | $49.89M | 42.9% |
| 2016 | $185.06M | $42.37M | 22.9% |
| 2015 | $79.72M | $35.97M | 45.1% |
| 2014 | $123.79M | $30.33M | 24.5% |
| 2013 | $96.84M | $27.19M | 28.1% |
| 2012 | $107.22M | $12.76M | 11.9% |
| 2011 | $118.45M | $0 | 0.0% |
| 2010 | $123.39M | $0 | 0.0% |
| 2009 | $159.89M | $0 | 0.0% |
| 2008 | $84.28M | $0 | 0.0% |
| 2007 | ($50.92M) | $0 | N/A (Loss) |
| 2006 | ($33.08M) | $0 | N/A (Loss) |
| 2005 | ($4.65M) | $0 | N/A (Loss) |
| 2004 | ($11.76M) | $0.08M | N/A (Loss) |
| 2003 | $11.09M | $0 | 0.0% |
| 2002 | $6.83M | $0 | 0.0% |
| 2001 | $1.53M | $0.03M | 1.8% |
| 2000 | $17.12M | $0.03M | 0.2% |
| 1999 | ($0.80M) | $0 | N/A (Loss) |
| 1998 | ($0.93M) | $0 | N/A (Loss) |
| 1997 | ($10.21M) | $0 | N/A (Loss) |
| 1996 | ($13.68M) | $0 | N/A (Loss) |
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 | 26.80% |
| 2026-03-31 | 31.51% |
| 2025-12-30 | 33.66% |
| 2025-09-30 | 33.13% |
| 2025-07-01 | 40.58% |
| 2025-04-01 | 46.33% |
| 2024-12-31 | 49.54% |
| 2024-10-01 | 77.48% |
| 2024-07-02 | 97.64% |
| 2024-04-02 | 78.06% |
| 2023-12-31 | 81.41% |
| 2023-10-03 | 68.71% |
| 2023-07-04 | 118.05% |
| 2023-04-04 | 77.48% |
| 2022-12-31 | 86.65% |
| 2022-09-27 | 29.44% |
| 2022-06-28 | 16.41% |
| 2022-03-29 | 12.38% |
| 2021-12-31 | 13.06% |
| 2021-09-28 | 20.45% |
| 2021-06-29 | 16.30% |
| 2021-03-30 | 14.71% |
| 2020-06-30 | 202.16% |
| 2020-03-31 | 83.69% |
| 2019-12-31 | 42.49% |
| 2019-10-01 | 38.87% |
| 2019-07-02 | 38.92% |
| 2019-04-02 | 35.73% |
| 2018-12-31 | 30.34% |
| 2018-10-02 | 39.88% |
| 2018-07-03 | 39.52% |
| 2018-04-03 | 39.00% |
| 2017-12-31 | 42.87% |
| 2017-10-03 | 39.86% |
| 2017-07-04 | 31.91% |
| 2017-04-04 | 27.51% |
| 2016-12-31 | 22.90% |
| 2016-09-27 | 23.57% |
| 2016-06-28 | 30.13% |
| 2016-03-29 | 40.58% |
| 2015-12-31 | 45.12% |
| 2015-09-29 | 33.19% |
| 2015-06-30 | 27.04% |
| 2015-03-31 | 26.80% |
| 2014-12-31 | 24.50% |
| 2014-09-30 | 34.05% |
| 2014-07-01 | 26.07% |
| 2014-04-01 | 24.82% |
| 2013-12-31 | 28.08% |
| 2013-10-01 | 20.20% |
| 2013-07-02 | 21.32% |
| 2013-04-02 | 16.75% |
| 2012-12-31 | 11.90% |
| 2012-10-02 | 6.01% |
| 2005-09-27 | 1.29% |
| 2005-06-28 | 0.89% |
