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 8.94% is 73% below its 5-year average of 33.11%, near the low end of its 5-year range (8.94%–140.13%).
As of the fiscal period ended Saturday, March 28, 2026. 34.43% below its 12-month average of 13.64%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
8.94%
FCF PAYOUT RATIO AVG TTM
13.64%
FCF PAYOUT RATIO AVG 3Y
29.95%
FCF PAYOUT RATIO AVG 5Y
20.31%
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
-34.43%
CURRENT VS 3Y AVG
-70.14%
CURRENT VS 5Y AVG
-55.97%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
8.9%
Earnings Payout Ratio
25.8%
Dividend Yield
0.34%
FCF Yield
3.73%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $396.20M | $60.80M | 15.3% |
| 2024 | $316.12M | $60.58M | 19.2% |
| 2023 | $187.63M | $60.20M | 32.1% |
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 |
|---|---|
| 2026-03-28 | 8.94% |
| 2025-12-31 | 10.65% |
| 2025-09-27 | 12.03% |
| 2025-06-28 | 13.90% |
| 2025-03-29 | 22.66% |
| 2024-12-31 | 19.16% |
| 2024-09-28 | 22.45% |
| 2024-06-29 | 21.29% |
| 2024-03-30 | 24.83% |
| 2023-12-31 | 33.42% |
| 2023-09-30 | 140.13% |
| 2022-10-01 | 130.87% |
| 2022-07-02 | 40.17% |
| 2022-04-02 | 29.19% |
| 2021-12-31 | 22.94% |
| 2021-10-02 | 14.37% |
| 2021-07-03 | 16.06% |
| 2021-04-03 | 12.89% |
| 2020-12-31 | 13.73% |
| 2020-09-26 | 16.26% |
| 2020-06-27 | 22.04% |
| 2020-03-28 | 14.18% |
| 2019-12-31 | 15.03% |
| 2019-09-28 | 17.73% |
| 2019-06-29 | 13.79% |
| 2019-03-30 | 26.53% |
| 2018-12-31 | 19.56% |
| 2018-09-29 | 19.22% |
| 2018-06-30 | 13.92% |
| 2018-03-31 | 9.59% |
| 2017-12-31 | 4.95% |
| 2022 |
| ($103.06M) |
| $57.31M |
| N/A (Loss) |
| 2021 | $189.83M | $43.55M | 22.9% |
| 2020 | $314.92M | $43.24M | 13.7% |
| 2019 | $269.94M | $40.57M | 15.0% |
| 2018 | $202.42M | $39.59M | 19.6% |
| 2017 | $199.78M | $9.90M | 5.0% |
| 2016 | $142.29M | $0 | 0.0% |
| 2015 | $48.94M | $0 | 0.0% |
| 2014 | $79.83M | $0 | 0.0% |
| 2013 | $49.04M | $0 | 0.0% |
| 2012 | $65.23M | $0 | 0.0% |
| 2011 | $127.02M | $0 | 0.0% |
| 2010 | $124.10M | $0 | 0.0% |
| 2009 | ($8.97M) | $0 | N/A (Loss) |
| 2008 | $37.40M | $0 | 0.0% |
| 2007 | $106.33M | $0 | 0.0% |
| 2006 | $65.92M | $0 | 0.0% |
| 2005 | $26.21M | $0 | 0.0% |
| 2004 | $26.96M | $0 | 0.0% |
| 2003 | $18.69M | $0 | 0.0% |
| 2002 | $13.29M | $0 | 0.0% |
| 2001 | $55.73M | $0 | 0.0% |
| 2000 | $42.75M | $0 | 0.0% |
| 1999 | $43.41M | $0 | 0.0% |
| 1998 | $45.91M | $0 | 0.0% |
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.
