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 29.60% is 52% below its 5-year average of 61.67%, near the low end of its 5-year range (18.76%–686.96%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.02% above its 12-month average of 29.01%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 29.60%.
FCF PAYOUT RATIO
29.60%
FCF PAYOUT RATIO AVG TTM
29.01%
FCF PAYOUT RATIO AVG 3Y
59.11%
FCF PAYOUT RATIO AVG 5Y
61.67%
FCF PAYOUT RATIO AVG 10Y
56.52%
FCF PAYOUT RATIO AVG 15Y
66.31%
FCF PAYOUT RATIO AVG 20Y
71.13%
CURRENT VS TTM AVG
+2.02%
CURRENT VS 3Y AVG
-49.93%
CURRENT VS 5Y AVG
-52.01%
CURRENT VS 10Y AVG
-47.63%
CURRENT VS 15Y AVG
-55.36%
CURRENT VS 20Y AVG
-58.39%
FCF Payout Ratio TTM
29.6%
Earnings Payout Ratio
56.0%
Dividend Yield
1.85%
FCF Yield
6.19%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $33.17M | $7.96M | 24.0% |
| 2024 | $29.82M | $6.30M | 21.1% |
| 2023 | $2.92M | $5.49M | 187.7% |
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 | 29.60% |
| 2026-03-31 | 30.36% |
| 2025-12-31 | 23.99% |
| 2025-09-30 | 28.75% |
| 2025-06-30 | 32.35% |
| 2025-03-31 | 18.95% |
| 2024-12-31 | 21.14% |
| 2024-09-30 | 18.76% |
| 2024-06-30 | 22.37% |
| 2024-03-31 | 129.89% |
| 2023-12-31 | 187.73% |
| 2023-09-30 | 101.71% |
| 2023-06-30 | 122.84% |
| 2023-03-31 | 37.26% |
| 2022-12-31 | 37.40% |
| 2022-09-30 | 38.97% |
| 2022-06-30 | 35.59% |
| 2022-03-31 | 67.73% |
| 2021-12-31 | 105.94% |
| 2021-09-30 | 686.96% |
| 2021-06-30 | 142.03% |
| 2021-03-31 | 66.02% |
| 2020-12-31 | 82.90% |
| 2020-09-30 | 40.23% |
| 2020-06-30 | 63.54% |
| 2020-03-31 | 60.15% |
| 2019-12-31 | 43.81% |
| 2019-09-30 | 59.90% |
| 2019-06-30 | 65.61% |
| 2018-03-31 | 44.11% |
| 2017-12-31 | 49.36% |
| 2017-09-30 | 40.17% |
| 2017-06-30 | 44.39% |
| 2017-03-31 | 217.08% |
| 2016-12-31 | 101.93% |
| 2016-09-30 | 63.91% |
| 2016-06-30 | 49.85% |
| 2016-03-31 | 40.55% |
| 2015-12-31 | 31.18% |
| 2015-09-30 | 111.96% |
| 2015-06-30 | 322.38% |
| 2015-03-31 | 235.83% |
| 2014-09-30 | 382.56% |
| 2014-06-30 | 139.92% |
| 2013-12-31 | 191.05% |
| 2013-09-30 | 85.61% |
| 2013-06-30 | 88.23% |
| 2013-03-31 | 36.97% |
| 2012-12-31 | 63.88% |
| 2011-09-30 | 95.38% |
| 2011-06-30 | 56.18% |
| 2011-03-31 | 147.31% |
| 2010-12-31 | 90.35% |
| 2010-09-30 | 55.18% |
| 2010-06-30 | 59.73% |
| 2010-03-31 | 29.61% |
| 2009-12-31 | 38.72% |
| 2009-09-30 | 36.25% |
| 2009-06-30 | 62.58% |
| 2008-12-31 | 309.66% |
| 2008-06-30 | 156.80% |
| 2008-03-31 | 110.51% |
| 2007-12-31 | 255.59% |
| 2005-06-30 | 93.76% |
| 2005-03-31 | 79.86% |
| 2004-12-31 | 50.10% |
| 2004-09-30 | 46.64% |
| 2004-06-30 | 46.01% |
| 2004-03-31 | 43.22% |
| 2003-12-31 | 44.26% |
| 2003-09-30 | 80.90% |
| 2003-06-30 | 60.68% |
| 2022 |
| $13.79M |
| $5.16M |
| 37.4% |
| 2021 | $5.48M | $5.80M | 105.9% |
| 2020 | $6.21M | $5.15M | 82.9% |
| 2019 | $11.68M | $5.12M | 43.8% |
| 2018 | ($9.81M) | $5.10M | N/A (Loss) |
| 2017 | $9.07M | $4.48M | 49.4% |
| 2016 | $4.36M | $4.45M | 101.9% |
| 2015 | $14.21M | $4.43M | 31.2% |
| 2014 | ($2.87M) | $4.42M | N/A (Loss) |
| 2013 | $2.30M | $4.40M | 191.1% |
| 2012 | $6.97M | $4.45M | 63.9% |
| 2011 | ($5.51M) | $4.85M | N/A (Loss) |
| 2010 | $4.83M | $4.37M | 90.4% |
| 2009 | $12.91M | $5.00M | 38.7% |
| 2008 | $1.22M | $3.78M | 309.7% |
| 2007 | $1.46M | $3.72M | 255.6% |
| 2006 | ($14.31M) | $3.11M | N/A (Loss) |
| 2005 | ($10.35M) | $2.75M | N/A (Loss) |
| 2004 | $5.12M | $2.56M | 50.1% |
| 2003 | $4.35M | $1.92M | 44.3% |
| 2002 | $1.22M | $1.67M | 136.6% |
| 2001 | $2.30M | $1.48M | 64.2% |
| 2000 | $1.62M | $1.13M | 69.5% |
| 1999 | $0.98M | $0.51M | 51.4% |
| 1998 | $0.10M | $0.50M | 500.0% |
| 1997 | $0.70M | $0.40M | 57.1% |
| 1996 | $0.70M | $0.30M | 42.9% |
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.
