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 51.87% is 133% above its 4-year average of 22.29%, near the low end of its 4-year range (3.95%–830.66%).
As of the fiscal period ended Tuesday, June 30, 2026. 77.73% above its 12-month average of 29.19%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 51.87%.
FCF PAYOUT RATIO
51.87%
FCF PAYOUT RATIO AVG TTM
29.19%
FCF PAYOUT RATIO AVG 3Y
16.15%
FCF PAYOUT RATIO AVG 5Y
22.29%
FCF PAYOUT RATIO AVG 10Y
29.78%
FCF PAYOUT RATIO AVG 15Y
39.57%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+77.73%
CURRENT VS 3Y AVG
+221.17%
CURRENT VS 5Y AVG
+132.75%
CURRENT VS 10Y AVG
+74.18%
CURRENT VS 15Y AVG
+31.10%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
51.9%
Earnings Payout Ratio
19.8%
Dividend Yield
0.81%
FCF Yield
1.46%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $58.05M | $15.30M | 26.4% |
| 2024 | $166.29M | $10.53M | 6.3% |
| 2023 | $188.36M | $8.41M | 4.5% |
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 | 51.87% |
| 2026-03-31 | 13.20% |
| 2025-12-31 | 26.35% |
| 2025-09-30 | 25.39% |
| 2025-06-30 | 29.10% |
| 2025-03-31 | 20.88% |
| 2024-12-31 | 6.33% |
| 2024-09-30 | 6.52% |
| 2024-06-30 | 6.32% |
| 2024-03-31 | 3.95% |
| 2023-12-31 | 4.46% |
| 2023-09-30 | 7.81% |
| 2023-06-30 | 7.77% |
| 2023-03-31 | 13.13% |
| 2022-12-31 | 34.67% |
| 2022-09-30 | 48.18% |
| 2022-06-30 | 360.07% |
| 2022-03-31 | 830.66% |
| 2021-12-31 | 72.91% |
| 2020-12-31 | 33.62% |
| 2020-09-30 | 29.74% |
| 2020-06-30 | 7.28% |
| 2020-03-31 | 21.40% |
| 2019-12-31 | 77.21% |
| 2019-09-30 | 43.59% |
| 2019-06-30 | 36.03% |
| 2019-03-31 | 18.83% |
| 2018-12-31 | 13.91% |
| 2018-09-30 | 17.31% |
| 2018-06-30 | 17.08% |
| 2018-03-31 | 57.68% |
| 2017-12-31 | 120.27% |
| 2017-09-30 | 81.58% |
| 2017-03-31 | 37.29% |
| 2016-12-31 | 48.80% |
| 2016-09-30 | 62.53% |
| 2016-06-30 | 114.05% |
| 2016-03-31 | 103.18% |
| 2015-12-31 | 58.59% |
| 2015-09-30 | 53.53% |
| 2015-06-30 | 49.76% |
| 2015-03-31 | 43.11% |
| 2014-12-31 | 37.88% |
| 2014-06-30 | 156.65% |
| 2014-03-31 | 61.36% |
| 2013-12-31 | 86.94% |
| 2013-09-30 | 25.06% |
| 2013-06-30 | 61.88% |
| 2013-03-31 | 39.73% |
| 2012-12-31 | 16.68% |
| 2012-09-30 | 39.75% |
| 2012-06-30 | 44.22% |
| 2012-03-31 | 136.94% |
| 2022 |
| $25.81M |
| $8.95M |
| 34.7% |
| 2021 | $47.45M | $34.60M | 72.9% |
| 2020 | $25.07M | $8.43M | 33.6% |
| 2019 | $10.95M | $8.45M | 77.2% |
| 2018 | $65.60M | $9.12M | 13.9% |
| 2017 | $7.52M | $9.04M | 120.3% |
| 2016 | $21.70M | $10.59M | 48.8% |
| 2015 | $18.07M | $10.59M | 58.6% |
| 2014 | $27.79M | $10.53M | 37.9% |
| 2013 | $12.05M | $10.47M | 86.9% |
| 2012 | $60.41M | $10.07M | 16.7% |
| 2011 | ($21.34M) | $10.59M | N/A (Loss) |
| 2010 | ($8.05M) | $0 | N/A (Loss) |
| 2009 | $0.14M | $0 | 0.0% |
| 2008 | $34.78M | $0 | 0.0% |
| 2007 | ($6.63M) | $0 | N/A (Loss) |
| 2006 | $18.38M | $0 | 0.0% |
| 2005 | $3.06M | $0 | 0.0% |
| 2004 | $10.51M | $0 | 0.0% |
| 2003 | $0.78M | $0 | 0.0% |
| 2002 | ($0.09M) | $0 | N/A (Loss) |
| 2001 | $28.05M | $0 | 0.0% |
| 2000 | ($16.59M) | $0 | N/A (Loss) |
| 1999 | $5.10M | $0 | 0.0% |
| 1998 | $19.50M | $33.00M | 169.2% |
| 1997 | ($14.90M) | $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.
