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 87.82% is 19% above its 5-year average of 73.59%, near the low end of its 5-year range (29.02%–272.08%).
As of the fiscal period ended Saturday, May 30, 2026. 0.64% below its 12-month average of 88.39%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
87.82%
FCF PAYOUT RATIO AVG TTM
88.39%
FCF PAYOUT RATIO AVG 3Y
62.81%
FCF PAYOUT RATIO AVG 5Y
73.59%
FCF PAYOUT RATIO AVG 10Y
72.69%
FCF PAYOUT RATIO AVG 15Y
69.54%
FCF PAYOUT RATIO AVG 20Y
56.21%
CURRENT VS TTM AVG
-0.64%
CURRENT VS 3Y AVG
+39.83%
CURRENT VS 5Y AVG
+19.34%
CURRENT VS 10Y AVG
+20.82%
CURRENT VS 15Y AVG
+26.29%
CURRENT VS 20Y AVG
+56.24%
FCF Payout Ratio TTM
87.8%
Earnings Payout Ratio
97.5%
Dividend Yield
2.85%
FCF Yield
3.22%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $240.88M | $189.65M | 78.7% |
| 2024 | $311.29M | $187.28M | 60.2% |
| 2023 | $607.09M | $176.72M | 29.1% |
| 2022 | $184.81M | $167.38M | 90.6% |
| 2021 | $170.72M | $362.65M | 212.4% |
| 2020 | $349.75M | $444.17M | 127.0% |
| 2019 | $276.65M | $145.71M | 52.7% |
| 2018 | $294.74M | $125.43M | 42.6% |
| 2017 | $200.29M | $102.22M | 51.0% |
| 2016 | $313.17M | $105.78M | 33.8% |
| 2015 | $198.39M | $284.23M | 143.3% |
| 2014 | $201.79M | $82.61M | 40.9% |
| 2013 | $236.19M | $75.86M | 32.1% |
| 2012 | $186.59M | $63.02M | 33.8% |
| 2011 | $184.48M | $119.26M | 64.6% |
| 2010 | $119.55M | $51.73M | 43.3% |
| 2009 | $262.71M | $49.88M | 19.0% |
| 2008 | $197.72M | $47.61M | 24.1% |
| 2007 | $138.73M | $42.30M | 30.5% |
| 2006 | $110.67M | $36.34M | 32.8% |
| 2005 | $113.72M | $129.76M | 114.1% |
| 2004 | $58.25M | $19.48M | 33.4% |
| 2003 | $74.05M | $3.31M | 4.5% |
| 2002 | $77.02M | $0 | 0.0% |
| 2001 | $70.68M | $0 | 0.0% |
| 2000 | ($1.26M) | $0 | N/A (Loss) |
| 1999 | ($40.90M) | $0 | N/A (Loss) |
| 1998 | $14.30M | $0 | 0.0% |
| 1997 | $32.30M | $0 | 0.0% |
| 1996 | ($57.80M) | $63.10M | 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.
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 |
|---|---|
| 2026-05-30 | 87.82% |
| 2026-02-28 | 89.26% |
| 2025-11-29 | 114.50% |
| 2025-08-30 | 78.73% |
| 2025-05-31 | 71.65% |
| 2025-03-01 | 62.43% |
| 2024-11-30 | 56.81% |
| 2024-08-31 | 60.16% |
| 2024-06-01 | 55.33% |
| 2024-03-02 | 52.50% |
| 2023-12-02 | 29.02% |
| 2023-08-31 | 29.11% |
| 2023-06-03 | 29.18% |
| 2023-03-04 | 32.20% |
| 2022-12-03 | 109.75% |
| 2022-08-31 | 90.57% |
| 2022-05-28 | 104.90% |
| 2022-02-26 | 170.65% |
| 2021-11-27 | 272.08% |
| 2021-08-31 | 212.43% |
| 2021-05-29 | 133.12% |
| 2021-02-27 | 113.73% |
| 2020-11-28 | 119.26% |
| 2020-08-31 | 127.00% |
| 2020-05-30 | 145.81% |
| 2020-02-29 | 131.89% |
| 2019-11-30 | 53.99% |
| 2019-08-31 | 52.67% |
| 2019-06-01 | 55.61% |
| 2019-03-02 | 50.18% |
| 2018-12-01 | 46.15% |
| 2018-08-31 | 42.56% |
| 2018-06-02 | 42.44% |
| 2018-03-03 | 48.28% |
| 2017-12-02 | 49.36% |
| 2017-08-31 | 51.03% |
| 2017-06-03 | 56.23% |
| 2017-03-04 | 45.52% |
| 2016-12-03 | 38.91% |
| 2016-08-31 | 33.78% |
| 2016-05-28 | 32.04% |
| 2016-02-27 | 30.80% |
| 2015-11-28 | 39.09% |
| 2015-08-31 | 143.27% |
| 2015-05-30 | 179.76% |
| 2015-02-28 | 258.73% |
| 2014-11-29 | 175.28% |
| 2014-08-31 | 40.94% |
| 2014-05-31 | 36.20% |
| 2014-03-01 | 30.67% |
| 2013-11-30 | 30.45% |
| 2013-08-31 | 32.12% |
| 2013-06-01 | 28.64% |
| 2013-03-02 | 30.88% |
| 2012-12-01 | 29.94% |
| 2012-08-31 | 33.78% |
| 2012-05-26 | 35.06% |
| 2012-02-25 | 34.08% |
| 2011-11-26 | 31.24% |
| 2011-08-31 | 64.64% |
| 2011-05-28 | 75.50% |
| 2011-02-26 | 94.64% |
| 2010-11-27 | 100.89% |
| 2010-08-31 | 43.27% |
| 2010-05-29 | 38.99% |
| 2010-02-27 | 26.55% |
| 2009-11-28 | 20.95% |
| 2009-08-31 | 18.99% |
| 2009-05-30 | 17.49% |
| 2009-02-28 | 17.98% |
| 2008-11-29 | 20.59% |
| 2008-08-31 | 24.08% |
| 2008-05-31 | 27.91% |
| 2008-03-01 | 33.64% |
| 2007-12-01 | 38.08% |
| 2007-08-31 | 30.49% |
| 2007-05-26 | 28.56% |
| 2007-02-24 | 28.90% |
| 2006-11-25 | 29.46% |
| 2006-08-31 | 32.83% |
| 2006-05-27 | 124.14% |
| 2006-02-25 | 107.10% |
| 2005-11-26 | 110.02% |
| 2005-08-31 | 114.11% |
| 2005-05-28 | 27.52% |
| 2005-02-26 | 32.67% |
| 2004-11-27 | 30.98% |
| 2004-08-31 | 33.44% |
| 2004-05-29 | 21.84% |
| 2004-02-28 | 12.22% |
| 2003-11-29 | 4.26% |
