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 15.23% is 35% below its 5-year average of 23.32%, near the low end of its 5-year range (13.53%–289.92%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.09% below its 12-month average of 15.88%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 15.23%.
FCF PAYOUT RATIO
15.23%
FCF PAYOUT RATIO AVG TTM
15.88%
FCF PAYOUT RATIO AVG 3Y
19.88%
FCF PAYOUT RATIO AVG 5Y
23.32%
FCF PAYOUT RATIO AVG 10Y
22.05%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-4.09%
CURRENT VS 3Y AVG
-23.39%
CURRENT VS 5Y AVG
-34.71%
CURRENT VS 10Y AVG
-30.92%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
15.2%
Earnings Payout Ratio
33.2%
Dividend Yield
0.90%
FCF Yield
5.70%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $323.81M | $48.89M | 15.1% |
| 2024 | $172.88M | $43.83M | 25.4% |
| 2023 | $187.63M | $39.05M | 20.8% |
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 | 15.23% |
| 2026-03-31 | 13.53% |
| 2025-12-31 | 15.16% |
| 2025-09-30 | 16.57% |
| 2025-06-30 | 18.90% |
| 2025-03-31 | 20.85% |
| 2024-12-31 | 25.54% |
| 2024-09-30 | 20.97% |
| 2024-06-30 | 19.44% |
| 2024-03-31 | 22.66% |
| 2023-12-31 | 20.71% |
| 2023-09-30 | 29.00% |
| 2023-06-30 | 82.14% |
| 2023-03-31 | 176.94% |
| 2022-12-31 | 131.56% |
| 2022-09-30 | 289.92% |
| 2022-06-30 | 58.34% |
| 2022-03-31 | 39.56% |
| 2021-12-31 | 28.42% |
| 2021-09-30 | 16.72% |
| 2021-06-30 | 14.90% |
| 2021-03-31 | 11.79% |
| 2020-12-31 | 10.77% |
| 2020-09-30 | 13.43% |
| 2020-06-30 | 14.53% |
| 2020-03-31 | 33.20% |
| 2019-12-31 | 36.03% |
| 2019-09-30 | 55.71% |
| 2019-06-30 | 37.36% |
| 2019-03-31 | 25.34% |
| 2018-12-31 | 31.90% |
| 2018-09-30 | 22.66% |
| 2018-06-30 | 23.44% |
| 2018-03-31 | 22.13% |
| 2017-12-31 | 21.59% |
| 2017-09-30 | 27.31% |
| 2017-06-30 | 19.54% |
| 2017-03-31 | 19.32% |
| 2016-12-31 | 19.37% |
| 2016-09-30 | 20.22% |
| 2016-06-30 | 23.48% |
| 2016-03-31 | 22.55% |
| 2015-03-31 | 186.36% |
| 2014-09-30 | 17.24% |
| 2014-06-30 | 16.81% |
| 2014-03-31 | 18.08% |
| 2013-12-31 | 11.57% |
| 2013-09-30 | 14.42% |
| 2013-06-30 | 14.98% |
| 2022 |
| $28.28M |
| $34.88M |
| 123.3% |
| 2021 | $109.06M | $31.21M | 28.6% |
| 2020 | $252.35M | $27.45M | 10.9% |
| 2019 | $61.18M | $22.04M | 36.0% |
| 2018 | $58.86M | $18.78M | 31.9% |
| 2017 | $79.38M | $17.14M | 21.6% |
| 2016 | $79.88M | $15.47M | 19.4% |
| 2015 | $67.40M | $7.20M | 10.7% |
| 2014 | $22.74M | $21.27M | 93.6% |
| 2013 | $81.45M | $9.43M | 11.6% |
| 2012 | $58.60M | $9.60M | 16.4% |
| 2011 | $42.81M | $9.97M | 23.3% |
| 2010 | $82.59M | $10.10M | 12.2% |
| 2009 | $56.81M | $10.10M | 17.8% |
| 2008 | $25.55M | $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.
