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 8.31% is 29% below its 5-year average of 11.79%, near the low end of its 5-year range (7.23%–151.30%).
As of the fiscal period ended Tuesday, June 30, 2026. 14.82% below its 12-month average of 9.76%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 8.31%.
FCF PAYOUT RATIO
8.31%
FCF PAYOUT RATIO AVG TTM
9.76%
FCF PAYOUT RATIO AVG 3Y
27.01%
FCF PAYOUT RATIO AVG 5Y
11.79%
FCF PAYOUT RATIO AVG 10Y
20.40%
FCF PAYOUT RATIO AVG 15Y
71.10%
FCF PAYOUT RATIO AVG 20Y
68.16%
CURRENT VS TTM AVG
-14.82%
CURRENT VS 3Y AVG
-69.23%
CURRENT VS 5Y AVG
-29.48%
CURRENT VS 10Y AVG
-59.25%
CURRENT VS 15Y AVG
-88.31%
CURRENT VS 20Y AVG
-87.81%
FCF Payout Ratio TTM
8.3%
Earnings Payout Ratio
7.5%
Dividend Yield
0.56%
FCF Yield
7.08%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $309.60M | $30.80M | 9.9% |
| 2024 | $225.70M | $29.20M | 12.9% |
| 2023 | ($70.70M) | $27.10M | N/A (Loss) |
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 | 8.31% |
| 2026-03-31 | 8.66% |
| 2025-12-31 | 10.59% |
| 2025-09-30 | 12.33% |
| 2025-06-30 | 8.88% |
| 2025-03-31 | 10.85% |
| 2024-12-31 | 13.03% |
| 2024-09-30 | 19.13% |
| 2024-06-30 | 151.30% |
| 2023-03-31 | 33.13% |
| 2022-12-31 | 32.50% |
| 2022-09-30 | 16.44% |
| 2022-06-30 | 9.29% |
| 2022-03-31 | 7.23% |
| 2021-12-31 | 10.18% |
| 2021-09-30 | 12.69% |
| 2021-06-30 | 17.37% |
| 2020-03-31 | 29.51% |
| 2019-12-31 | 17.58% |
| 2019-09-30 | 12.07% |
| 2019-06-30 | 24.37% |
| 2019-03-31 | 32.90% |
| 2018-12-31 | 49.79% |
| 2018-09-30 | 63.02% |
| 2018-06-30 | 28.78% |
| 2018-03-31 | 27.87% |
| 2017-12-31 | 21.82% |
| 2017-09-30 | 184.20% |
| 2017-06-30 | 125.39% |
| 2017-03-31 | 117.70% |
| 2016-12-31 | 107.02% |
| 2016-09-30 | 12.43% |
| 2016-06-30 | 119.97% |
| 2016-03-31 | 175.14% |
| 2015-12-31 | 150.60% |
| 2015-09-30 | 154.50% |
| 2015-06-30 | 135.83% |
| 2015-03-31 | 181.54% |
| 2014-12-31 | 281.84% |
| 2014-09-30 | 311.22% |
| 2014-06-30 | 426.60% |
| 2014-03-31 | 600.06% |
| 2013-12-31 | 686.32% |
| 2013-09-30 | 615.71% |
| 2013-06-30 | 490.58% |
| 2013-03-31 | 374.73% |
| 2012-12-31 | 234.06% |
| 2012-09-30 | 210.65% |
| 2012-06-30 | 93.94% |
| 2012-03-31 | 13.12% |
| 2011-12-31 | 11.01% |
| 2011-09-30 | 13.38% |
| 2011-06-30 | 18.42% |
| 2011-03-31 | 31.26% |
| 2009-09-30 | 69.97% |
| 2009-06-30 | 56.77% |
| 2009-03-31 | 51.87% |
| 2008-12-31 | 35.45% |
| 2008-09-30 | 39.61% |
| 2008-06-30 | 27.32% |
| 2008-03-31 | 40.35% |
| 2007-12-31 | 238.51% |
| 2007-09-30 | 42.37% |
| 2007-06-30 | 64.19% |
| 2007-03-31 | 21.75% |
| 2006-12-31 | 28.46% |
| 2003-12-31 | 106.35% |
| 2003-09-30 | 33.00% |
| 2003-06-30 | 136.96% |
| 2022 |
| $80.00M |
| $26.00M |
| 32.5% |
| 2021 | $243.70M | $24.80M | 10.2% |
| 2020 | ($92.30M) | $23.40M | N/A (Loss) |
| 2019 | $126.30M | $22.20M | 17.6% |
| 2018 | $48.40M | $23.70M | 49.0% |
| 2017 | $101.30M | $21.50M | 21.2% |
| 2016 | $169.60M | $19.10M | 11.3% |
| 2015 | $218.77M | $17.42M | 8.0% |
| 2014 | $84.88M | $15.19M | 17.9% |
| 2013 | $93.49M | $0 | 0.0% |
| 2012 | $100.86M | $22.46M | 22.3% |
| 2011 | $148.26M | $8.16M | 5.5% |
| 2010 | ($4.84M) | $6.78M | N/A (Loss) |
| 2009 | ($14.14M) | $6.77M | N/A (Loss) |
| 2008 | $38.08M | $6.75M | 17.7% |
| 2007 | $5.59M | $6.67M | 119.3% |
| 2006 | $22.91M | $6.52M | 28.5% |
| 2005 | ($44.56M) | $6.43M | N/A (Loss) |
| 2004 | ($28.77M) | $6.63M | N/A (Loss) |
| 2003 | $6.18M | $6.58M | 106.4% |
| 2002 | $12.70M | $6.55M | 51.6% |
| 2001 | $33.68M | $6.51M | 19.3% |
| 2000 | $4.81M | $4.93M | 102.4% |
| 1999 | ($200.70M) | $3.80M | N/A (Loss) |
| 1998 | ($10.00M) | $3.70M | N/A (Loss) |
| 1997 | $5.90M | $2.40M | 40.7% |
| 1996 | $12.50M | $1.90M | 15.2% |
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.
