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 41.56% is 52% below its 5-year average of 86.84%, near the low end of its 5-year range (41.56%–933.33%).
As of the fiscal period ended Tuesday, June 30, 2026. 27.53% below its 12-month average of 57.35%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 41.56%.
FCF PAYOUT RATIO
41.56%
FCF PAYOUT RATIO AVG TTM
57.35%
FCF PAYOUT RATIO AVG 3Y
90.10%
FCF PAYOUT RATIO AVG 5Y
86.84%
FCF PAYOUT RATIO AVG 10Y
56.20%
FCF PAYOUT RATIO AVG 15Y
54.01%
FCF PAYOUT RATIO AVG 20Y
48.95%
CURRENT VS TTM AVG
-27.53%
CURRENT VS 3Y AVG
-53.87%
CURRENT VS 5Y AVG
-52.14%
CURRENT VS 10Y AVG
-26.05%
CURRENT VS 15Y AVG
-23.06%
CURRENT VS 20Y AVG
-15.09%
FCF Payout Ratio TTM
41.6%
Earnings Payout Ratio
61.2%
Dividend Yield
2.81%
FCF Yield
6.78%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $190.49M | $102.72M | 53.9% |
| 2024 | $182.90M | $96.03M | 52.5% |
| 2023 | $52.41M | $80.05M | 152.7% |
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 | 41.56% |
| 2026-03-31 | 51.60% |
| 2025-12-31 | 60.80% |
| 2025-09-30 | 70.56% |
| 2025-06-30 | 62.23% |
| 2025-03-31 | 52.15% |
| 2024-12-31 | 58.10% |
| 2024-09-30 | 113.96% |
| 2024-06-30 | 441.76% |
| 2024-03-31 | 933.33% |
| 2023-12-31 | 152.74% |
| 2023-09-30 | 170.00% |
| 2023-06-30 | 157.40% |
| 2023-03-31 | 648.61% |
| 2021-09-30 | 50.97% |
| 2021-03-31 | 16.50% |
| 2020-12-31 | 39.13% |
| 2020-09-30 | 66.17% |
| 2020-06-30 | 86.08% |
| 2020-03-31 | 67.62% |
| 2019-12-31 | 53.23% |
| 2019-09-30 | 52.50% |
| 2019-06-30 | 47.73% |
| 2019-03-31 | 49.28% |
| 2018-12-31 | 51.98% |
| 2018-09-30 | 69.31% |
| 2018-06-30 | 84.24% |
| 2018-03-31 | 67.87% |
| 2017-12-31 | 66.60% |
| 2017-09-30 | 43.60% |
| 2017-06-30 | 43.74% |
| 2017-03-31 | 49.56% |
| 2016-12-31 | 36.90% |
| 2016-09-30 | 40.23% |
| 2016-06-30 | 35.63% |
| 2015-03-31 | 25.56% |
| 2014-12-31 | 45.82% |
| 2014-09-30 | 714.79% |
| 2014-06-30 | 104.54% |
| 2013-12-31 | 77.81% |
| 2013-09-30 | 35.08% |
| 2013-06-30 | 47.38% |
| 2013-03-31 | 17.36% |
| 2012-12-31 | 31.10% |
| 2012-09-30 | 38.03% |
| 2010-12-31 | 93.87% |
| 2010-09-30 | 10.61% |
| 2010-06-30 | 5.67% |
| 2010-03-31 | 6.71% |
| 2009-12-31 | 7.26% |
| 2009-09-30 | 9.16% |
| 2009-06-30 | 41.58% |
| 2009-03-31 | 44.79% |
| 2008-09-30 | 657.00% |
| 2006-12-31 | 66.71% |
| 2006-09-30 | 37.70% |
| 2006-06-30 | 21.80% |
| 2006-03-31 | 19.61% |
| 2005-12-31 | 14.71% |
| 2005-09-30 | 18.71% |
| 2005-06-30 | 25.29% |
| 2005-03-31 | 54.61% |
| 2004-03-31 | 21.71% |
| 2003-12-31 | 10.93% |
| 2003-09-30 | 21.32% |
| 2003-06-30 | 11.87% |
| 2022 |
| ($17.47M) |
| $63.74M |
| N/A (Loss) |
| 2021 | ($23.23M) | $31.69M | N/A (Loss) |
| 2020 | $52.73M | $20.80M | 39.5% |
| 2019 | $64.96M | $34.58M | 53.2% |
| 2018 | $50.58M | $26.29M | 52.0% |
| 2017 | $31.82M | $21.19M | 66.6% |
| 2016 | $48.82M | $18.02M | 36.9% |
| 2015 | ($73.86M) | $15.81M | N/A (Loss) |
| 2014 | $32.39M | $14.84M | 45.8% |
| 2013 | $36.41M | $28.33M | 77.8% |
| 2012 | $31.45M | $9.78M | 31.1% |
| 2011 | ($38.27M) | $12.45M | N/A (Loss) |
| 2010 | $9.55M | $8.97M | 93.9% |
| 2009 | $78.34M | $5.69M | 7.3% |
| 2008 | ($11.33M) | $4.07M | N/A (Loss) |
| 2007 | ($22.59M) | $3.88M | N/A (Loss) |
| 2006 | $4.87M | $3.25M | 66.7% |
| 2005 | $27.95M | $4.11M | 14.7% |
| 2004 | ($7.64M) | $2.88M | N/A (Loss) |
| 2003 | $16.80M | $1.84M | 10.9% |
| 2002 | $11.42M | $1.12M | 9.8% |
| 2001 | $4.50M | $0.20M | 4.4% |
| 2000 | ($1.34M) | $0.14M | N/A (Loss) |
| 1999 | $11.20M | $0.10M | 0.9% |
| 1998 | $5.80M | $0 | 0.0% |
| 1997 | $11.00M | $0 | 0.0% |
| 1996 | $7.60M | $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.
