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 3.53% is 35% below its 5-year average of 5.45%, near the low end of its 5-year range (3.53%–7.24%).
As of the fiscal period ended Tuesday, June 30, 2026. 15.95% below its 12-month average of 4.20%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
3.53%
FCF PAYOUT RATIO AVG TTM
4.20%
FCF PAYOUT RATIO AVG 3Y
5.35%
FCF PAYOUT RATIO AVG 5Y
5.45%
FCF PAYOUT RATIO AVG 10Y
5.90%
FCF PAYOUT RATIO AVG 15Y
8.33%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-15.95%
CURRENT VS 3Y AVG
-34.06%
CURRENT VS 5Y AVG
-35.19%
CURRENT VS 10Y AVG
-40.16%
CURRENT VS 15Y AVG
-57.61%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
3.5%
Earnings Payout Ratio
4.3%
Dividend Yield
0.15%
FCF Yield
4.06%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $370.71M | $14.41M | 3.9% |
| 2024 | $188.95M | $13.67M | 7.2% |
| 2023 | $270.49M | $12.89M | 4.8% |
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 | 3.53% |
| 2026-03-31 | 3.59% |
| 2025-12-31 | 3.89% |
| 2025-09-30 | 4.91% |
| 2025-06-30 | 5.08% |
| 2025-03-31 | 6.53% |
| 2024-12-31 | 7.24% |
| 2024-09-30 | 6.98% |
| 2024-06-30 | 6.59% |
| 2024-03-31 | 5.14% |
| 2023-12-31 | 4.77% |
| 2023-09-30 | 5.37% |
| 2023-06-30 | 5.99% |
| 2023-03-31 | 6.98% |
| 2022-12-31 | 6.58% |
| 2022-09-30 | 5.61% |
| 2022-06-30 | 5.29% |
| 2022-03-31 | 5.39% |
| 2021-12-31 | 5.60% |
| 2021-09-30 | 4.88% |
| 2021-06-30 | 4.47% |
| 2021-03-31 | 3.32% |
| 2020-12-31 | 3.35% |
| 2020-09-30 | 3.78% |
| 2020-06-30 | 4.55% |
| 2020-03-31 | 8.58% |
| 2019-12-31 | 8.44% |
| 2019-09-30 | 8.45% |
| 2019-06-30 | 8.52% |
| 2019-03-31 | 7.01% |
| 2018-12-31 | 6.06% |
| 2018-09-30 | 8.25% |
| 2018-06-30 | 9.98% |
| 2018-03-31 | 23.64% |
| 2017-12-31 | 55.22% |
| 2017-09-30 | 67.21% |
| 2017-06-30 | 86.77% |
| 2017-03-31 | 38.85% |
| 2016-12-31 | 99.80% |
| 2016-09-30 | 37.94% |
| 2015-06-30 | 143.16% |
| 2015-03-31 | 33.34% |
| 2014-12-31 | 20.19% |
| 2013-12-31 | 56.33% |
| 2013-09-30 | 10.46% |
| 2013-06-30 | 11.45% |
| 2013-03-31 | 8.67% |
| 2012-12-31 | 15.29% |
| 2012-09-30 | 15.48% |
| 2012-06-30 | 15.41% |
| 2012-03-31 | 23.25% |
| 2011-12-31 | 14.53% |
| 2011-09-30 | 10.62% |
| 2011-06-30 | 11.14% |
| 2011-03-31 | 11.36% |
| 2010-12-31 | 13.06% |
| 2010-09-30 | 15.75% |
| 2010-06-30 | 21.19% |
| 2010-03-31 | 16.71% |
| 2009-12-31 | 15.20% |
| 2009-09-30 | 13.30% |
| 2009-06-30 | 12.27% |
| 2009-03-31 | 11.93% |
| 2008-12-31 | 12.24% |
| 2022 |
| $184.97M |
| $12.17M |
| 6.6% |
| 2021 | $206.13M | $11.55M | 5.6% |
| 2020 | $323.02M | $10.83M | 3.4% |
| 2019 | $120.68M | $10.19M | 8.4% |
| 2018 | $155.35M | $9.42M | 6.1% |
| 2017 | $15.79M | $8.72M | 55.2% |
| 2016 | $8.19M | $8.17M | 99.8% |
| 2015 | ($26.65M) | $7.49M | N/A (Loss) |
| 2014 | $31.19M | $6.30M | 20.2% |
| 2013 | $7.67M | $4.32M | 56.3% |
| 2012 | $43.20M | $6.60M | 15.3% |
| 2011 | $31.91M | $4.64M | 14.5% |
| 2010 | $31.78M | $4.15M | 13.1% |
| 2009 | $24.39M | $3.71M | 15.2% |
| 2008 | $26.85M | $3.29M | 12.2% |
| 2007 | ($17.01M) | $2.63M | N/A (Loss) |
| 2006 | $16.86M | $1.98M | 11.7% |
| 2005 | $14.76M | $1.25M | 8.5% |
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.
