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 9.20% is 23% below its 4-year average of 11.94%, near the low end of its 4-year range (3.66%–94.47%).
As of the fiscal period ended Tuesday, June 30, 2026. 17.91% below its 12-month average of 11.20%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q4 FY2026 (2026-06-30): 9.20%.
FCF PAYOUT RATIO
9.20%
FCF PAYOUT RATIO AVG TTM
11.20%
FCF PAYOUT RATIO AVG 3Y
13.32%
FCF PAYOUT RATIO AVG 5Y
11.94%
FCF PAYOUT RATIO AVG 10Y
23.29%
FCF PAYOUT RATIO AVG 15Y
33.95%
FCF PAYOUT RATIO AVG 20Y
31.74%
CURRENT VS TTM AVG
-17.91%
CURRENT VS 3Y AVG
-30.95%
CURRENT VS 5Y AVG
-22.98%
CURRENT VS 10Y AVG
-60.52%
CURRENT VS 15Y AVG
-72.92%
CURRENT VS 20Y AVG
-71.03%
FCF Payout Ratio TTM
9.2%
Earnings Payout Ratio
14.5%
Dividend Yield
1.02%
FCF Yield
10.10%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $47.58M | $4.38M | 9.2% |
| 2025 | $33.72M | $3.56M | 10.5% |
| 2024 | $27.11M | $3.22M | 11.9% |
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 | 9.20% |
| 2026-03-31 | 10.84% |
| 2025-12-31 | 14.34% |
| 2025-09-30 | 11.10% |
| 2025-06-30 | 10.55% |
| 2025-03-31 | 13.30% |
| 2024-12-31 | 15.93% |
| 2024-09-30 | 9.98% |
| 2024-06-30 | 11.87% |
| 2024-03-31 | 21.58% |
| 2023-12-31 | 32.86% |
| 2023-09-30 | 82.42% |
| 2023-06-30 | 17.81% |
| 2023-03-31 | 10.83% |
| 2022-12-31 | 3.66% |
| 2022-09-30 | 6.17% |
| 2022-06-30 | 94.47% |
| 2020-12-31 | 125.64% |
| 2020-09-30 | 36.12% |
| 2020-06-30 | 48.10% |
| 2020-03-31 | 129.72% |
| 2018-12-31 | 237.20% |
| 2018-09-30 | 809.13% |
| 2017-09-30 | 235.95% |
| 2017-06-30 | 46.88% |
| 2017-03-31 | 16.35% |
| 2016-12-31 | 11.45% |
| 2016-09-30 | 11.61% |
| 2016-06-30 | 11.61% |
| 2016-03-31 | 29.25% |
| 2015-12-31 | 105.71% |
| 2014-06-30 | 35.88% |
| 2014-03-31 | 62.11% |
| 2013-12-31 | 140.83% |
| 2013-09-30 | 62.71% |
| 2012-03-31 | 24.67% |
| 2011-12-31 | 20.05% |
| 2011-09-30 | 17.21% |
| 2011-06-30 | 16.38% |
| 2011-03-31 | 34.49% |
| 2010-12-31 | 224.62% |
| 2010-09-30 | 11.54% |
| 2010-06-30 | 7.39% |
| 2010-03-31 | 8.33% |
| 2009-12-31 | 7.52% |
| 2009-09-30 | 14.40% |
| 2009-06-30 | 17.96% |
| 2009-03-31 | 31.67% |
| 2008-12-31 | 25.96% |
| 2008-09-30 | 31.30% |
| 2008-06-30 | 45.52% |
| 2008-03-31 | 110.10% |
| 2007-03-31 | 92.78% |
| 2006-12-31 | 25.91% |
| 2005-09-30 | 67.28% |
| 2005-06-30 | 36.19% |
| 2005-03-31 | 65.09% |
| 2004-06-30 | 117.02% |
| 2004-03-31 | 40.90% |
| 2003-12-31 | 37.47% |
| 2003-09-30 | 36.60% |
| 2003-06-30 | 98.52% |
| 2023 |
| $18.20M |
| $3.24M |
| 17.8% |
| 2022 | $4.14M | $3.91M | 94.5% |
| 2021 | ($35.27M) | $2.62M | N/A (Loss) |
| 2020 | $14.60M | $7.02M | 48.1% |
| 2019 | ($14.63M) | $6.92M | N/A (Loss) |
| 2018 | ($2.15M) | $6.75M | N/A (Loss) |
| 2017 | $12.93M | $6.06M | 46.9% |
| 2016 | $46.98M | $5.46M | 11.6% |
| 2015 | ($34.15M) | $5.12M | N/A (Loss) |
| 2014 | $12.05M | $4.32M | 35.9% |
| 2013 | ($0.32M) | $4.21M | N/A (Loss) |
| 2012 | ($1.96M) | $2.54M | N/A (Loss) |
| 2011 | $11.23M | $1.84M | 16.4% |
| 2010 | $17.87M | $1.32M | 7.4% |
| 2009 | $16.10M | $2.89M | 18.0% |
| 2008 | $7.50M | $3.41M | 45.5% |
| 2007 | ($0.55M) | $3.41M | N/A (Loss) |
| 2006 | ($8.11M) | $3.41M | N/A (Loss) |
| 2005 | $9.38M | $3.39M | 36.2% |
| 2004 | $1.46M | $2.52M | 172.2% |
| 2003 | $4.13M | $4.07M | 98.5% |
| 2002 | $10.99M | $3.16M | 28.7% |
| 2001 | $10.28M | $3.19M | 31.0% |
| 2000 | $5.76M | $3.31M | 57.5% |
| 1999 | $6.60M | $3.27M | 49.4% |
| 1998 | $10.90M | $3.30M | 30.3% |
| 1997 | $0.90M | $3.40M | 377.8% |
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.
