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 8.38% is 14% above its 5-year average of 7.34%, around the middle of its 5-year range (4.34%–11.09%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.70% below its 12-month average of 9.71%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
8.38%
FCF PAYOUT RATIO AVG TTM
9.71%
FCF PAYOUT RATIO AVG 3Y
8.71%
FCF PAYOUT RATIO AVG 5Y
7.34%
FCF PAYOUT RATIO AVG 10Y
7.07%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-13.70%
CURRENT VS 3Y AVG
-3.79%
CURRENT VS 5Y AVG
+14.30%
CURRENT VS 10Y AVG
+18.56%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
8.4%
Earnings Payout Ratio
10.0%
Dividend Yield
0.43%
FCF Yield
5.13%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $374.30M | $41.50M | 11.1% |
| 2024 | $389.50M | $36.80M | 9.4% |
| 2023 | $448.40M | $33.40M | 7.4% |
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 | 8.38% |
| 2026-03-31 | 7.82% |
| 2025-12-31 | 11.09% |
| 2025-09-30 | 10.73% |
| 2025-06-30 | 10.56% |
| 2025-03-31 | 10.21% |
| 2024-12-31 | 9.45% |
| 2024-09-30 | 8.33% |
| 2024-06-30 | 7.36% |
| 2024-03-31 | 7.91% |
| 2023-12-31 | 7.45% |
| 2023-09-30 | 7.61% |
| 2023-06-30 | 6.40% |
| 2023-03-31 | 6.27% |
| 2022-12-31 | 4.34% |
| 2022-09-30 | 4.64% |
| 2022-06-30 | 4.44% |
| 2022-03-31 | 4.93% |
| 2021-12-31 | 5.90% |
| 2021-09-30 | 4.85% |
| 2021-06-30 | 5.38% |
| 2021-03-31 | 1.54% |
| 2014-09-30 | 4.87% |
| 2014-06-30 | 319.24% |
| 2014-03-31 | 233.16% |
| 2013-12-31 | 311.63% |
| 2013-09-30 | 185.99% |
| 2013-06-30 | 1.48% |
| 2013-03-31 | 75.37% |
| 2012-12-31 | 89.01% |
| 2022 |
| $689.40M |
| $29.90M |
| 4.3% |
| 2021 | $462.70M | $27.30M | 5.9% |
| 2020 | $333.00M | $6.90M | 2.1% |
| 2019 | $108.50M | $0 | 0.0% |
| 2018 | $194.40M | $0 | 0.0% |
| 2017 | $25.30M | $0 | 0.0% |
| 2016 | $75.30M | $0 | 0.0% |
| 2015 | $10.61M | $0 | 0.0% |
| 2014 | $170.24M | $0 | 0.0% |
| 2013 | $193.40M | $685.61M | 354.5% |
| 2012 | $132.68M | $0 | 0.0% |
| 2011 | $88.55M | $1.02B | n/m |
| 2010 | $133.89M | $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.
