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 4.82% is 53% below its 5-year average of 10.28%, near the low end of its 5-year range (4.82%–52.65%).
As of the fiscal period ended Tuesday, June 30, 2026. 27.27% below its 12-month average of 6.62%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 4.82%.
FCF PAYOUT RATIO
4.82%
FCF PAYOUT RATIO AVG TTM
6.62%
FCF PAYOUT RATIO AVG 3Y
12.23%
FCF PAYOUT RATIO AVG 5Y
10.28%
FCF PAYOUT RATIO AVG 10Y
15.82%
FCF PAYOUT RATIO AVG 15Y
43.41%
FCF PAYOUT RATIO AVG 20Y
44.08%
CURRENT VS TTM AVG
-27.27%
CURRENT VS 3Y AVG
-60.64%
CURRENT VS 5Y AVG
-53.15%
CURRENT VS 10Y AVG
-69.57%
CURRENT VS 15Y AVG
-88.91%
CURRENT VS 20Y AVG
-89.08%
FCF Payout Ratio TTM
4.8%
Earnings Payout Ratio
N/A
Dividend Yield
0.43%
FCF Yield
8.99%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $330.65M | $22.72M | 6.9% |
| 2024 | $319.94M | $22.81M | 7.1% |
| 2023 | $43.32M | $22.81M | 52.7% |
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 | 4.82% |
| 2026-03-31 | 7.52% |
| 2025-12-31 | 6.87% |
| 2025-09-30 | 6.56% |
| 2025-06-30 | 7.34% |
| 2025-03-31 | 7.71% |
| 2024-12-31 | 7.13% |
| 2024-09-30 | 7.78% |
| 2024-06-30 | 11.60% |
| 2024-03-31 | 14.58% |
| 2023-12-31 | 52.65% |
| 2021-09-30 | 24.17% |
| 2021-06-30 | 17.28% |
| 2021-03-31 | 10.05% |
| 2020-12-31 | 13.53% |
| 2020-09-30 | 13.39% |
| 2020-06-30 | 21.30% |
| 2020-03-31 | 85.82% |
| 2019-12-31 | 527.46% |
| 2018-03-31 | 62.88% |
| 2017-12-31 | 26.35% |
| 2017-09-30 | 26.42% |
| 2017-06-30 | 29.42% |
| 2017-03-31 | 225.30% |
| 2016-03-31 | 880.65% |
| 2015-12-31 | 89.67% |
| 2015-09-30 | 41.04% |
| 2015-06-30 | 105.20% |
| 2015-03-31 | 132.52% |
| 2013-06-30 | 53.61% |
| 2013-03-31 | 93.00% |
| 2012-12-31 | 37.14% |
| 2012-09-30 | 56.16% |
| 2012-06-30 | 112.34% |
| 2012-03-31 | 158.51% |
| 2011-12-31 | 88.14% |
| 2011-06-30 | 236.24% |
| 2011-03-31 | 102.10% |
| 2009-09-30 | 70.70% |
| 2009-06-30 | 84.23% |
| 2009-03-31 | 61.49% |
| 2008-12-31 | 63.53% |
| 2008-09-30 | 63.21% |
| 2008-06-30 | 24.43% |
| 2008-03-31 | 19.31% |
| 2007-12-31 | 14.43% |
| 2007-09-30 | 23.81% |
| 2007-06-30 | 113.79% |
| 2007-03-31 | 17.10% |
| 2006-12-31 | 11.66% |
| 2006-09-30 | 8.07% |
| 2006-06-30 | 5.31% |
| 2006-03-31 | 10.94% |
| 2005-12-31 | 28.63% |
| 2005-09-30 | 21.10% |
| 2005-06-30 | 28.08% |
| 2005-03-31 | 34.94% |
| 2004-12-31 | 28.05% |
| 2003-12-31 | 89.27% |
| 2003-09-30 | 24.32% |
| 2003-06-30 | 24.81% |
| 2022 |
| ($65.97M) |
| $23.27M |
| N/A (Loss) |
| 2021 | ($72.88M) | $23.80M | N/A (Loss) |
| 2020 | $175.21M | $23.71M | 13.5% |
| 2019 | $4.61M | $24.32M | 527.5% |
| 2018 | ($24.71M) | $22.42M | N/A (Loss) |
| 2017 | $78.50M | $20.69M | 26.4% |
| 2016 | ($17.82M) | $20.56M | N/A (Loss) |
| 2015 | $22.80M | $20.45M | 89.7% |
| 2014 | ($0.29M) | $20.32M | N/A (Loss) |
| 2013 | ($38.30M) | $20.21M | N/A (Loss) |
| 2012 | $54.17M | $20.12M | 37.1% |
| 2011 | $47.31M | $20.12M | 42.5% |
| 2010 | ($7.69M) | $20.15M | N/A (Loss) |
| 2009 | ($23.34M) | $46.08M | N/A (Loss) |
| 2008 | $163.20M | $20.05M | 12.3% |
| 2007 | $116.18M | $16.76M | 14.4% |
| 2006 | $143.41M | $16.72M | 11.7% |
| 2005 | $43.67M | $0 | 0.0% |
| 2004 | $59.31M | $16.64M | 28.0% |
| 2003 | $14.78M | $15.76M | 106.6% |
| 2002 | $46.63M | $13.20M | 28.3% |
| 2001 | $59.37M | $12.59M | 21.2% |
| 2000 | $22.39M | $11.71M | 52.3% |
| 1999 | $18.00M | $10.60M | 58.9% |
| 1998 | $43.50M | $7.70M | 17.7% |
| 1997 | $15.40M | $6.60M | 42.9% |
| 1996 | $12.10M | $6.60M | 54.5% |
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.
