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 37.55% is 41% below its 5-year average of 63.17%, near the low end of its 5-year range (16.87%–165.17%).
As of the fiscal period ended Tuesday, March 31, 2026. 55.66% below its 12-month average of 84.68%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
37.55%
FCF PAYOUT RATIO AVG TTM
84.68%
FCF PAYOUT RATIO AVG 3Y
84.68%
FCF PAYOUT RATIO AVG 5Y
63.17%
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-55.66%
CURRENT VS 3Y AVG
-55.66%
CURRENT VS 5Y AVG
-40.56%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
37.5%
Earnings Payout Ratio
29.4%
Dividend Yield
1.39%
FCF Yield
9.41%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $421.87M | $149.98M | 35.6% |
| 2024 | ($55.43M) | $0 | N/A (Loss) |
| 2023 | $275.23M | $0 | 0.0% |
| 2022 | $167.26M | $0 | 0.0% |
| 2021 | $60.47M | $0 | 0.0% |
| 2020 | $84.60M | $15.00M | 17.7% |
| 2019 | $29.02M | $10.00M | 34.5% |
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 |
|---|---|
| 2026-03-31 | 37.55% |
| 2025-12-31 | 37.10% |
| 2025-09-30 | 98.92% |
| 2025-06-30 | 165.17% |
| 2021-06-30 | 23.44% |
| 2021-03-31 | 16.87% |
| 2020-12-31 | 17.37% |
