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 3.61% is 33% below its 5-year average of 5.38%, near the low end of its 5-year range (3.61%–6.85%).
As of the fiscal period ended Thursday, April 30, 2026. 6.91% below its 12-month average of 3.88%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
3.61%
FCF PAYOUT RATIO AVG TTM
3.88%
FCF PAYOUT RATIO AVG 3Y
5.05%
FCF PAYOUT RATIO AVG 5Y
5.38%
FCF PAYOUT RATIO AVG 10Y
5.32%
FCF PAYOUT RATIO AVG 15Y
5.26%
FCF PAYOUT RATIO AVG 20Y
5.15%
CURRENT VS TTM AVG
-6.91%
CURRENT VS 3Y AVG
-28.49%
CURRENT VS 5Y AVG
-32.93%
CURRENT VS 10Y AVG
-32.22%
CURRENT VS 15Y AVG
-31.34%
CURRENT VS 20Y AVG
-29.98%
FCF Payout Ratio TTM
3.6%
Earnings Payout Ratio
5.0%
Dividend Yield
0.09%
FCF Yield
2.39%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $861.38M | $31.97M | 3.7% |
| 2024 | $614.11M | $29.07M | 4.7% |
| 2023 | $399.30M | $27.37M | 6.9% |
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 |
|---|---|
| 2026-04-30 | 3.61% |
| 2026-01-31 | 3.97% |
| 2025-10-31 | 3.71% |
| 2025-07-31 | 4.09% |
| 2025-04-30 | 4.00% |
| 2025-01-31 | 4.35% |
| 2024-10-31 | 4.73% |
| 2024-07-31 | 5.21% |
| 2024-04-30 | 5.58% |
| 2024-01-31 | 6.38% |
| 2023-10-31 | 6.85% |
| 2023-07-31 | 6.80% |
| 2023-04-30 | 6.32% |
| 2023-01-31 | 5.99% |
| 2022-10-31 | 5.61% |
| 2022-07-31 | 6.06% |
| 2022-04-30 | 6.45% |
| 2022-01-31 | 6.33% |
| 2021-10-31 | 5.64% |
| 2021-07-31 | 5.63% |
| 2021-04-30 | 5.67% |
| 2021-01-31 | 5.35% |
| 2020-10-31 | 5.58% |
| 2020-07-31 | 5.41% |
| 2020-04-30 | 4.62% |
| 2020-01-31 | 4.59% |
| 2019-10-31 | 4.58% |
| 2019-07-31 | 4.56% |
| 2019-04-30 | 4.47% |
| 2019-01-31 | 5.90% |
| 2018-10-31 | 5.36% |
| 2018-07-31 | 5.94% |
| 2018-04-30 | 6.14% |
| 2018-01-31 | 5.97% |
| 2017-10-31 | 5.15% |
| 2017-07-31 | 5.62% |
| 2017-04-30 | 5.31% |
| 2017-01-31 | 5.01% |
| 2016-10-31 | 4.91% |
| 2016-07-31 | 5.46% |
| 2016-04-30 | 5.38% |
| 2016-01-31 | 5.94% |
| 2015-10-31 | 6.04% |
| 2015-07-31 | 5.60% |
| 2015-04-30 | 4.75% |
| 2015-01-31 | 5.09% |
| 2014-10-31 | 17.91% |
| 2014-07-31 | 20.85% |
| 2014-04-30 | 24.60% |
| 2014-01-31 | 23.05% |
| 2013-10-31 | 106.04% |
| 2013-07-31 | 88.37% |
| 2013-04-30 | 98.70% |
| 2013-01-31 | 86.71% |
| 2012-10-31 | 4.61% |
| 2012-07-31 | 5.64% |
| 2012-04-30 | 4.74% |
| 2012-01-31 | 5.82% |
| 2011-10-31 | 3.96% |
| 2011-07-31 | 4.11% |
| 2011-04-30 | 3.96% |
| 2011-01-31 | 4.25% |
| 2010-10-31 | 3.97% |
| 2010-07-31 | 3.98% |
| 2010-04-30 | 4.00% |
| 2010-01-31 | 3.87% |
| 2009-10-31 | 4.80% |
| 2009-07-31 | 6.41% |
| 2009-04-30 | 5.52% |
| 2009-01-31 | 5.25% |
| 2008-10-31 | 4.41% |
| 2008-07-31 | 4.16% |
| 2008-04-30 | 4.14% |
| 2008-01-31 | 4.59% |
| 2007-10-31 | 4.61% |
| 2007-07-31 | 4.61% |
| 2007-04-30 | 4.04% |
| 2007-01-31 | 6.31% |
| 2006-10-31 | 5.42% |
| 2006-07-31 | 5.99% |
| 2006-04-30 | 7.34% |
| 2006-01-31 | 5.41% |
| 2005-10-31 | 4.45% |
| 2005-07-31 | 5.25% |
| 2005-04-30 | 3.77% |
| 2005-01-31 | 3.51% |
| 2004-10-31 | 3.13% |
| 2004-07-31 | 3.14% |
| 2004-04-30 | 4.10% |
| 2004-01-31 | 4.42% |
| 2003-10-31 | 4.38% |
| 2003-07-31 | 4.62% |
| 2003-04-30 | 4.84% |
| 2022 |
| $435.87M |
| $24.47M |
| 5.6% |
| 2021 | $407.90M | $23.00M | 5.6% |
| 2020 | $386.19M | $21.55M | 5.6% |
| 2019 | $408.44M | $18.69M | 4.6% |
| 2018 | $286.62M | $15.36M | 5.4% |
| 2017 | $248.89M | $12.81M | 5.1% |
| 2016 | $218.32M | $10.72M | 4.9% |
| 2015 | $154.61M | $9.34M | 6.0% |
| 2014 | $174.28M | $31.21M | 17.9% |
| 2013 | $113.51M | $120.36M | 106.0% |
| 2012 | $123.32M | $5.69M | 4.6% |
| 2011 | $116.07M | $4.49M | 3.9% |
| 2010 | $92.84M | $3.55M | 3.8% |
| 2009 | $65.56M | $3.15M | 4.8% |
| 2008 | $59.71M | $2.63M | 4.4% |
| 2007 | $44.56M | $2.06M | 4.6% |
| 2006 | $36.94M | $2.00M | 5.4% |
| 2005 | $27.54M | $1.22M | 4.4% |
| 2004 | $38.31M | $1.20M | 3.1% |
| 2003 | $24.11M | $1.05M | 4.4% |
| 2002 | $17.43M | $1.04M | 6.0% |
| 2001 | $9.60M | $0.94M | 9.8% |
| 2000 | $3.47M | $0.85M | 24.4% |
| 1999 | ($111.10M) | $0.70M | N/A (Loss) |
| 1998 | ($42.30M) | $0.60M | N/A (Loss) |
| 1997 | ($1.90M) | $0.50M | N/A (Loss) |
| 1996 | ($1.50M) | $0.50M | N/A (Loss) |
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.
