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 58.74% is 30% below its 5-year average of 83.71%, near the low end of its 5-year range (53.68%–132.85%).
As of the fiscal period ended Saturday, July 18, 2026. 7.90% below its 12-month average of 63.78%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-07-18): 58.74%.
FCF PAYOUT RATIO
58.74%
FCF PAYOUT RATIO AVG TTM
63.78%
FCF PAYOUT RATIO AVG 3Y
69.14%
FCF PAYOUT RATIO AVG 5Y
83.71%
FCF PAYOUT RATIO AVG 10Y
66.12%
FCF PAYOUT RATIO AVG 15Y
63.32%
FCF PAYOUT RATIO AVG 20Y
57.23%
CURRENT VS TTM AVG
-7.90%
CURRENT VS 3Y AVG
-15.05%
CURRENT VS 5Y AVG
-29.83%
CURRENT VS 10Y AVG
-11.17%
CURRENT VS 15Y AVG
-7.24%
CURRENT VS 20Y AVG
+2.65%
FCF Payout Ratio TTM
58.7%
Earnings Payout Ratio
286.5%
Dividend Yield
13.48%
FCF Yield
26.87%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $319.09M | $209.31M | 65.6% |
| 2024 | $280.58M | $203.03M | 72.4% |
| 2023 | $220.28M | $195.22M | 88.6% |
| 2022 | $191.82M | $186.50M | 97.2% |
| 2021 | $133.76M | $175.90M | 131.5% |
| 2020 | $356.54M | $167.27M | 46.9% |
| 2019 | $263.27M | $159.99M | 60.8% |
| 2018 | $196.47M | $150.21M | 76.5% |
| 2017 | $222.16M | $140.98M | 63.5% |
| 2016 | $254.84M | $131.07M | 51.4% |
| 2015 | $239.90M | $120.44M | 50.2% |
| 2014 | $231.41M | $102.30M | 44.2% |
| 2013 | $171.30M | $92.84M | 54.2% |
| 2012 | $149.62M | $86.49M | 57.8% |
| 2011 | $55.13M | $79.08M | 143.4% |
| 2010 | $207.65M | $70.88M | 34.1% |
| 2009 | $163.92M | $62.17M | 37.9% |
| 2008 | $8.01M | $53.22M | 664.4% |
| 2007 | $126.47M | $42.12M | 33.3% |
| 2006 | $89.48M | $28.99M | 32.4% |
| 2005 | $55.13M | $23.65M | 42.9% |
| 2004 | $77.04M | $20.77M | 27.0% |
| 2003 | $44.37M | $15.07M | 34.0% |
| 2002 | $77.72M | $1.50M | 1.9% |
| 2001 | $21.23M | $0 | 0.0% |
| 2000 | $30.11M | $52.37M | 173.9% |
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.
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 |
|---|---|
| 2026-07-18 | 58.74% |
| 2026-04-25 | 69.01% |
| 2026-01-03 | 63.58% |
| 2025-10-04 | 63.80% |
| 2025-07-12 | 53.68% |
| 2025-04-19 | 64.06% |
| 2024-12-31 | 72.36% |
| 2024-10-05 | 78.60% |
| 2024-07-13 | 74.57% |
| 2024-04-20 | 73.56% |
| 2023-12-31 | 88.62% |
| 2023-10-07 | 102.22% |
| 2023-07-15 | 114.91% |
| 2023-04-22 | 132.85% |
| 2022-12-31 | 97.23% |
| 2021-12-31 | 131.51% |
| 2020-12-31 | 46.92% |
| 2020-10-03 | 46.92% |
| 2020-07-11 | 49.12% |
| 2020-04-18 | 59.11% |
| 2019-12-31 | 60.77% |
| 2019-10-05 | 63.90% |
| 2019-07-13 | 60.28% |
| 2019-04-20 | 76.13% |
| 2018-12-31 | 76.46% |
| 2018-10-06 | 67.53% |
| 2018-07-14 | 75.49% |
| 2018-04-21 | 62.60% |
| 2017-12-31 | 63.26% |
| 2017-10-07 | 73.87% |
| 2017-07-15 | 61.70% |
| 2017-04-22 | 62.27% |
| 2016-12-31 | 53.47% |
| 2015-12-31 | 52.72% |
| 2014-12-31 | 44.44% |
| 2014-10-04 | 53.07% |
| 2014-07-12 | 56.60% |
| 2014-04-19 | 45.94% |
| 2013-12-31 | 54.20% |
| 2013-10-05 | 55.42% |
| 2013-07-13 | 49.68% |
| 2013-03-31 | 52.61% |
| 2012-12-31 | 57.81% |
| 2012-10-06 | 53.40% |
| 2012-07-14 | 63.86% |
| 2012-04-21 | 161.67% |
| 2011-12-31 | 143.45% |
| 2010-12-31 | 25.30% |
| 2009-12-31 | 37.93% |
| 2008-12-31 | 981.43% |
| 2008-07-12 | 52.09% |
| 2008-04-19 | 26.79% |
| 2007-12-31 | 24.30% |
| 2007-10-06 | 18.99% |
| 2007-07-14 | 29.15% |
| 2007-04-21 | 32.29% |
| 2006-12-31 | 32.40% |
| 2006-10-07 | 36.93% |
| 2006-07-15 | 30.96% |
| 2006-04-22 | 21.06% |
| 2005-12-31 | 31.71% |
| 2004-12-31 | 39.90% |
| 2003-12-31 | 33.96% |
| 2003-10-04 | 12.62% |
| 2003-07-12 | 6.82% |
