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 66.24% is in line with its 5-year average of 69.98%, near the low end of its 5-year range (51.51%–179.32%).
As of the fiscal period ended Saturday, June 27, 2026. 10.89% below its 12-month average of 74.33%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q3 FY2026 (2026-06-27): 66.24%.
FCF PAYOUT RATIO
66.24%
FCF PAYOUT RATIO AVG TTM
74.33%
FCF PAYOUT RATIO AVG 3Y
66.81%
FCF PAYOUT RATIO AVG 5Y
69.98%
FCF PAYOUT RATIO AVG 10Y
63.44%
FCF PAYOUT RATIO AVG 15Y
48.49%
FCF PAYOUT RATIO AVG 20Y
39.85%
CURRENT VS TTM AVG
-10.89%
CURRENT VS 3Y AVG
-0.86%
CURRENT VS 5Y AVG
-5.35%
CURRENT VS 10Y AVG
+4.41%
CURRENT VS 15Y AVG
+36.60%
CURRENT VS 20Y AVG
+66.23%
FCF Payout Ratio TTM
66.2%
Earnings Payout Ratio
123.4%
Dividend Yield
4.11%
FCF Yield
6.27%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $82.25M | $60.75M | 73.9% |
| 2024 | $99.50M | $56.96M | 57.2% |
| 2023 | $67.54M | $53.88M | 79.8% |
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 |
|---|---|
| 2026-06-27 | 66.24% |
| 2026-03-28 | 68.11% |
| 2025-12-27 | 73.54% |
| 2025-09-27 | 73.86% |
| 2025-06-28 | 89.91% |
| 2025-03-29 | 70.63% |
| 2024-12-28 | 66.91% |
| 2024-09-28 | 57.24% |
| 2024-06-29 | 51.81% |
| 2024-03-30 | 52.24% |
| 2023-12-30 | 51.51% |
| 2023-09-30 | 79.77% |
| 2023-06-24 | 84.56% |
| 2021-12-25 | 179.32% |
| 2021-09-30 | 93.46% |
| 2021-06-26 | 80.03% |
| 2021-03-27 | 117.63% |
| 2020-12-26 | 144.99% |
| 2020-09-30 | 122.51% |
| 2020-06-27 | 80.69% |
| 2020-03-28 | 54.54% |
| 2019-12-28 | 44.11% |
| 2019-09-30 | 40.55% |
| 2019-06-29 | 44.32% |
| 2019-03-30 | 48.37% |
| 2018-12-29 | 46.22% |
| 2018-09-30 | 52.20% |
| 2018-06-30 | 47.18% |
| 2018-03-31 | 52.40% |
| 2017-12-30 | 63.27% |
| 2017-09-30 | 58.04% |
| 2017-06-24 | 46.84% |
| 2017-03-25 | 39.15% |
| 2016-12-24 | 36.39% |
| 2016-09-30 | 39.33% |
| 2016-06-25 | 49.17% |
| 2016-03-26 | 55.87% |
| 2015-12-26 | 55.44% |
| 2015-09-30 | 47.40% |
| 2015-06-27 | 40.77% |
| 2015-03-28 | 41.07% |
| 2014-12-27 | 39.84% |
| 2014-09-30 | 30.90% |
| 2014-06-28 | 29.08% |
| 2014-03-29 | 26.76% |
| 2013-12-28 | 18.20% |
| 2013-09-30 | 22.61% |
| 2013-06-29 | 21.42% |
| 2013-03-30 | 20.46% |
| 2012-12-29 | 23.21% |
| 2012-09-30 | 20.48% |
| 2012-06-23 | 21.83% |
| 2012-03-24 | 21.74% |
| 2011-12-24 | 16.65% |
| 2011-09-30 | 16.64% |
| 2011-06-25 | 20.96% |
| 2011-03-26 | 17.66% |
| 2010-12-25 | 21.45% |
| 2010-09-30 | 22.48% |
| 2010-06-26 | 17.85% |
| 2010-03-27 | 16.83% |
| 2009-12-26 | 13.53% |
| 2009-09-30 | 13.30% |
| 2009-06-27 | 12.24% |
| 2009-03-28 | 14.48% |
| 2008-12-27 | 19.07% |
| 2008-09-30 | 21.11% |
| 2008-06-28 | 23.97% |
| 2008-03-29 | 22.62% |
| 2007-12-29 | 17.01% |
| 2007-09-30 | 17.46% |
| 2007-06-30 | 15.60% |
| 2007-03-31 | 14.92% |
| 2006-12-30 | 18.75% |
| 2006-09-30 | 14.97% |
| 2006-06-24 | 15.75% |
| 2006-03-25 | 18.18% |
| 2005-12-24 | 10.03% |
| 2005-09-30 | 7.33% |
| 2005-06-25 | 4.06% |
| 2022 |
| ($61.23M) |
| $48.44M |
| N/A (Loss) |
| 2021 | $47.92M | $44.78M | 93.5% |
| 2020 | $34.33M | $42.05M | 122.5% |
| 2019 | $90.37M | $36.64M | 40.5% |
| 2018 | $63.34M | $33.07M | 52.2% |
| 2017 | $53.17M | $30.86M | 58.0% |
| 2016 | $72.52M | $28.52M | 39.3% |
| 2015 | $55.18M | $26.15M | 47.4% |
| 2014 | $67.71M | $20.92M | 30.9% |
| 2013 | $50.73M | $11.47M | 22.6% |
| 2012 | $46.63M | $9.55M | 20.5% |
| 2011 | $51.33M | $8.54M | 16.6% |
| 2010 | $34.48M | $7.75M | 22.5% |
| 2009 | $53.44M | $7.11M | 13.3% |
| 2008 | $32.12M | $6.78M | 21.1% |
| 2007 | $35.08M | $6.12M | 17.5% |
| 2006 | $35.23M | $5.27M | 15.0% |
| 2005 | $31.01M | $3.40M | 11.0% |
| 2004 | $25.50M | $0 | 0.0% |
| 2003 | $27.07M | $0 | 0.0% |
| 2002 | $30.60M | $0 | 0.0% |
| 2001 | $21.00M | $0 | 0.0% |
| 2000 | $2.28M | $0 | 0.0% |
| 1999 | $19.50M | $0 | 0.0% |
| 1998 | ($9.40M) | $0 | N/A (Loss) |
| 1997 | $0.80M | $0 | 0.0% |
| 1996 | $7.40M | $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.
