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 17.83% is in line with its 5-year average of 17.95%, near the low end of its 5-year range (4.74%–112.98%).
As of the fiscal period ended Sunday, May 31, 2026. 52.59% below its 12-month average of 37.61%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-05-31): 17.83%.
FCF PAYOUT RATIO
17.83%
FCF PAYOUT RATIO AVG TTM
37.61%
FCF PAYOUT RATIO AVG 3Y
14.20%
FCF PAYOUT RATIO AVG 5Y
17.95%
FCF PAYOUT RATIO AVG 10Y
10.77%
FCF PAYOUT RATIO AVG 15Y
11.34%
FCF PAYOUT RATIO AVG 20Y
10.31%
CURRENT VS TTM AVG
-52.59%
CURRENT VS 3Y AVG
+25.57%
CURRENT VS 5Y AVG
-0.69%
CURRENT VS 10Y AVG
+65.49%
CURRENT VS 15Y AVG
+57.25%
CURRENT VS 20Y AVG
+73.03%
FCF Payout Ratio TTM
17.8%
Earnings Payout Ratio
28.2%
Dividend Yield
2.19%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $287.28M | $68.57M | 23.9% |
| 2024 | $323.41M | $71.55M | 22.1% |
| 2023 | $1.05B | $56.83M | 5.4% |
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 |
|---|---|
| 2026-05-31 | 17.83% |
| 2026-02-28 | 13.38% |
| 2025-11-30 | 23.63% |
| 2025-08-31 | 20.25% |
| 2025-05-31 | 112.98% |
| 2024-11-30 | 22.12% |
| 2024-08-31 | 25.27% |
| 2024-05-31 | 12.57% |
| 2024-02-29 | 6.19% |
| 2023-11-30 | 5.43% |
| 2023-08-31 | 4.74% |
| 2023-05-31 | 4.79% |
| 2023-02-28 | 10.48% |
| 2022-11-30 | 37.96% |
| 2021-05-31 | 46.72% |
| 2021-02-28 | 20.90% |
| 2020-11-30 | 13.51% |
| 2020-08-31 | 4.62% |
| 2020-05-31 | 5.83% |
| 2020-02-29 | 6.55% |
| 2019-11-30 | 9.67% |
| 2019-08-31 | 17.45% |
| 2019-05-31 | 25.76% |
| 2019-02-28 | 5.91% |
| 2018-11-30 | 4.15% |
| 2018-08-31 | 2.49% |
| 2018-05-31 | 1.60% |
| 2018-02-28 | 1.99% |
| 2017-11-30 | 1.71% |
| 2017-08-31 | 2.23% |
| 2017-05-31 | 3.00% |
| 2017-02-28 | 3.41% |
| 2016-11-30 | 4.68% |
| 2016-08-31 | 9.23% |
| 2016-05-31 | 6.23% |
| 2016-02-29 | 11.27% |
| 2015-11-30 | 5.20% |
| 2015-08-31 | 15.28% |
| 2012-11-30 | 32.25% |
| 2010-08-31 | 26.77% |
| 2010-05-31 | 12.55% |
| 2010-02-28 | 7.25% |
| 2009-11-30 | 5.48% |
| 2009-08-31 | 4.55% |
| 2009-05-31 | 10.65% |
| 2009-02-28 | 12.61% |
| 2008-11-30 | 18.84% |
| 2008-08-31 | 9.14% |
| 2008-05-31 | 6.63% |
| 2008-02-29 | 5.67% |
| 2007-11-30 | 6.51% |
| 2007-08-31 | 4.38% |
| 2007-05-31 | 5.11% |
| 2007-02-28 | 6.86% |
| 2006-11-30 | 11.28% |
| 2004-05-31 | 270.58% |
| 2004-02-29 | 7.43% |
| 2003-11-30 | 2.63% |
| 2003-08-31 | 5.64% |
| 2003-05-31 | 4.71% |
| 2022 |
| $138.18M |
| $52.45M |
| 38.0% |
| 2021 | ($76.69M) | $54.05M | N/A (Loss) |
| 2020 | $281.84M | $38.06M | 13.5% |
| 2019 | $210.58M | $20.37M | 9.7% |
| 2018 | $214.14M | $8.89M | 4.2% |
| 2017 | $505.13M | $8.64M | 1.7% |
| 2016 | $183.87M | $8.59M | 4.7% |
| 2015 | $176.51M | $9.19M | 5.2% |
| 2014 | ($636.49M) | $8.98M | N/A (Loss) |
| 2013 | ($445.88M) | $8.37M | N/A (Loss) |
| 2012 | $32.87M | $10.60M | 32.2% |
| 2011 | ($347.79M) | $19.24M | N/A (Loss) |
| 2010 | ($134.38M) | $19.22M | N/A (Loss) |
| 2009 | $348.54M | $19.10M | 5.5% |
| 2008 | $334.25M | $62.97M | 18.8% |
| 2007 | $1.19B | $77.17M | 6.5% |
| 2006 | $693.62M | $78.26M | 11.3% |
| 2005 | ($76.91M) | $129.73M | N/A (Loss) |
| 2004 | ($135.30M) | $39.16M | N/A (Loss) |
| 2003 | $449.11M | $11.81M | 2.6% |
| 2002 | $325.85M | $12.37M | 3.8% |
| 2001 | $33.73M | $11.18M | 33.2% |
| 2000 | $46.04M | $11.46M | 24.9% |
| 1999 | $95.20M | $14.20M | 14.9% |
| 1998 | ($191.50M) | $11.90M | N/A (Loss) |
| 1997 | ($29.00M) | $11.70M | N/A (Loss) |
| 1996 | $330.80M | $16.10M | 4.9% |
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.
