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 59.77% is 59% below its 5-year average of 146.38%, near the low end of its 5-year range (30.91%–393.85%).
As of the fiscal period ended Tuesday, June 30, 2026. 73.18% below its 12-month average of 222.83%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 59.77%.
FCF PAYOUT RATIO
59.77%
FCF PAYOUT RATIO AVG TTM
222.83%
FCF PAYOUT RATIO AVG 3Y
130.93%
FCF PAYOUT RATIO AVG 5Y
146.38%
FCF PAYOUT RATIO AVG 10Y
46.03%
FCF PAYOUT RATIO AVG 15Y
40.20%
FCF PAYOUT RATIO AVG 20Y
44.29%
CURRENT VS TTM AVG
-73.18%
CURRENT VS 3Y AVG
-54.35%
CURRENT VS 5Y AVG
-59.17%
CURRENT VS 10Y AVG
+29.84%
CURRENT VS 15Y AVG
+48.67%
CURRENT VS 20Y AVG
+34.94%
FCF Payout Ratio TTM
59.8%
Earnings Payout Ratio
22.8%
Dividend Yield
1.98%
FCF Yield
3.44%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($25.50M) | $51.30M | N/A (Loss) |
| 2024 | ($13.70M) | $50.70M | N/A (Loss) |
| 2023 | $68.70M | $50.40M | 73.4% |
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 | 59.77% |
| 2026-03-31 | 214.88% |
| 2025-09-30 | 393.85% |
| 2024-09-30 | 101.40% |
| 2024-06-30 | 42.38% |
| 2024-03-31 | 30.91% |
| 2023-12-31 | 73.36% |
| 2022-03-31 | 316.67% |
| 2021-12-31 | 218.22% |
| 2021-09-30 | 101.78% |
| 2021-06-30 | 56.98% |
| 2021-03-31 | 42.44% |
| 2020-12-31 | 28.00% |
| 2020-09-30 | 24.54% |
| 2020-06-30 | 21.17% |
| 2020-03-31 | 20.85% |
| 2019-12-31 | 22.89% |
| 2019-09-30 | 30.02% |
| 2019-06-30 | 56.20% |
| 2019-03-31 | 48.04% |
| 2018-12-31 | 49.54% |
| 2018-09-30 | 74.20% |
| 2018-06-30 | 45.05% |
| 2018-03-31 | 42.96% |
| 2017-12-31 | 53.03% |
| 2017-09-30 | 30.07% |
| 2017-06-30 | 37.04% |
| 2017-03-31 | 40.80% |
| 2016-12-31 | 36.73% |
| 2016-09-30 | 42.34% |
| 2016-06-30 | 30.37% |
| 2016-03-31 | 30.74% |
| 2015-12-31 | 29.36% |
| 2015-09-30 | 38.40% |
| 2015-06-30 | 54.40% |
| 2015-03-31 | 53.16% |
| 2014-12-31 | 39.26% |
| 2014-09-30 | 40.13% |
| 2014-06-30 | 40.60% |
| 2014-03-31 | 41.96% |
| 2013-12-31 | 55.69% |
| 2013-09-30 | 31.31% |
| 2013-06-30 | 29.16% |
| 2013-03-31 | 25.98% |
| 2012-12-31 | 18.10% |
| 2011-03-31 | 66.20% |
| 2010-12-31 | 69.34% |
| 2010-09-30 | 62.54% |
| 2010-06-30 | 64.14% |
| 2010-03-31 | 59.16% |
| 2009-12-31 | 28.61% |
| 2009-09-30 | 24.56% |
| 2009-06-30 | 52.42% |
| 2009-03-31 | 122.00% |
| 2008-06-30 | 84.73% |
| 2008-03-31 | 15.01% |
| 2007-12-31 | 5.46% |
| 2022 |
| ($205.60M) |
| $50.10M |
| N/A (Loss) |
| 2021 | $21.40M | $46.70M | 218.2% |
| 2020 | $155.00M | $43.40M | 28.0% |
| 2019 | $172.10M | $39.40M | 22.9% |
| 2018 | $76.10M | $37.70M | 49.5% |
| 2017 | $66.00M | $35.00M | 53.0% |
| 2016 | $88.20M | $32.40M | 36.7% |
| 2015 | $95.70M | $28.10M | 29.4% |
| 2014 | $64.70M | $25.40M | 39.3% |
| 2013 | $41.30M | $23.00M | 55.7% |
| 2012 | $108.30M | $19.60M | 18.1% |
| 2011 | $30.30M | $18.90M | 62.4% |
| 2010 | $27.40M | $19.00M | 69.3% |
| 2009 | $68.50M | $19.60M | 28.6% |
| 2008 | ($46.30M) | $17.20M | N/A (Loss) |
| 2007 | $67.80M | $7.40M | 10.9% |
| 2006 | ($11.20M) | $0 | N/A (Loss) |
| 2005 | ($14.10M) | $0 | N/A (Loss) |
| 2004 | ($45.60M) | $0 | N/A (Loss) |
| 2003 | ($125.00M) | $0 | N/A (Loss) |
| 2002 | ($97.20M) | $0 | N/A (Loss) |
| 2001 | $101.10M | $0 | 0.0% |
| 2000 | ($177.30M) | $0 | N/A (Loss) |
| 1999 | ($159.00M) | $0 | N/A (Loss) |
| 1998 | $93.10M | $0 | 0.0% |
| 1997 | ($83.50M) | $4.20M | N/A (Loss) |
| 1996 | ($138.40M) | $10.50M | 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.
