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 106.78% is 62% above its 5-year average of 65.71%, near the low end of its 5-year range (15.15%–909.30%).
As of the fiscal period ended Tuesday, June 30, 2026. 78.22% below its 12-month average of 490.19%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 106.78%.
FCF PAYOUT RATIO
106.78%
FCF PAYOUT RATIO AVG TTM
490.19%
FCF PAYOUT RATIO AVG 3Y
188.35%
FCF PAYOUT RATIO AVG 5Y
65.71%
FCF PAYOUT RATIO AVG 10Y
56.89%
FCF PAYOUT RATIO AVG 15Y
45.42%
FCF PAYOUT RATIO AVG 20Y
41.55%
CURRENT VS TTM AVG
-78.22%
CURRENT VS 3Y AVG
-43.31%
CURRENT VS 5Y AVG
+62.50%
CURRENT VS 10Y AVG
+87.71%
CURRENT VS 15Y AVG
+135.10%
CURRENT VS 20Y AVG
+156.98%
FCF Payout Ratio TTM
106.8%
Earnings Payout Ratio
N/A
Dividend Yield
5.07%
FCF Yield
5.00%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $17.00M | $120.00M | 705.9% |
| 2024 | $237.00M | $118.00M | 49.8% |
| 2023 | $646.00M | $184.00M | 28.5% |
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 | 106.78% |
| 2026-03-31 | 657.89% |
| 2025-12-31 | 705.88% |
| 2024-12-31 | 49.79% |
| 2024-09-30 | 32.87% |
| 2024-06-30 | 25.49% |
| 2024-03-31 | 15.15% |
| 2023-12-31 | 28.48% |
| 2023-09-30 | 37.09% |
| 2023-06-30 | 224.11% |
| 2022-06-30 | 909.30% |
| 2022-03-31 | 118.67% |
| 2021-12-31 | 66.22% |
| 2021-09-30 | 48.05% |
| 2021-06-30 | 35.82% |
| 2021-03-31 | 34.81% |
| 2020-12-31 | 33.42% |
| 2020-09-30 | 32.94% |
| 2020-06-30 | 41.64% |
| 2020-03-31 | 39.05% |
| 2019-12-31 | 50.10% |
| 2019-09-30 | 61.71% |
| 2019-06-30 | 53.09% |
| 2019-03-31 | 78.62% |
| 2018-12-31 | 147.02% |
| 2018-09-30 | 56.56% |
| 2018-06-30 | 122.56% |
| 2018-03-31 | 107.02% |
| 2017-12-31 | 81.51% |
| 2017-09-30 | 83.99% |
| 2017-06-30 | 48.90% |
| 2017-03-31 | 27.26% |
| 2016-12-31 | 23.69% |
| 2016-09-30 | 37.35% |
| 2016-06-30 | 37.77% |
| 2016-03-31 | 100.19% |
| 2015-12-31 | 58.21% |
| 2015-09-30 | 55.55% |
| 2015-06-30 | 49.58% |
| 2015-03-31 | 49.31% |
| 2014-12-31 | 38.65% |
| 2014-09-30 | 36.05% |
| 2014-06-30 | 33.75% |
| 2014-03-31 | 34.52% |
| 2013-12-31 | 37.28% |
| 2013-09-30 | 40.88% |
| 2013-06-30 | 45.42% |
| 2013-03-31 | 38.44% |
| 2012-12-31 | 28.53% |
| 2012-09-30 | 24.20% |
| 2012-06-30 | 23.79% |
| 2012-03-31 | 23.84% |
| 2011-12-31 | 25.09% |
| 2011-09-30 | 27.54% |
| 2011-06-30 | 34.08% |
| 2011-03-31 | 21.06% |
| 2010-12-31 | 13.26% |
| 2010-09-30 | 13.35% |
| 2010-06-30 | 10.25% |
| 2010-03-31 | 11.38% |
| 2009-12-31 | 15.88% |
| 2009-09-30 | 23.90% |
| 2009-06-30 | 31.23% |
| 2009-03-31 | 49.22% |
| 2008-12-31 | 78.93% |
| 2008-09-30 | 86.10% |
| 2008-06-30 | 120.60% |
| 2008-03-31 | 66.56% |
| 2007-12-31 | 47.13% |
| 2007-09-30 | 43.28% |
| 2007-06-30 | 40.71% |
| 2007-03-31 | 44.50% |
| 2006-12-31 | 46.09% |
| 2006-09-30 | 48.60% |
| 2006-06-30 | 43.11% |
| 2006-03-31 | 48.27% |
| 2005-12-31 | 42.14% |
| 2005-09-30 | 39.05% |
| 2005-06-30 | 44.69% |
| 2005-03-31 | 37.68% |
| 2004-12-31 | 42.93% |
| 2004-09-30 | 36.88% |
| 2004-06-30 | 39.41% |
| 2004-03-31 | 47.85% |
| 2003-12-31 | 48.80% |
| 2003-09-30 | 56.45% |
| 2003-06-30 | 61.11% |
| 2022 |
| ($584.00M) |
| $385.00M |
| N/A (Loss) |
| 2021 | $595.00M | $394.00M | 66.2% |
| 2020 | $1.17B | $392.00M | 33.4% |
| 2019 | $779.00M | $391.00M | 50.2% |
| 2018 | $295.60M | $434.60M | 147.0% |
| 2017 | $525.80M | $428.60M | 81.5% |
| 2016 | $1.39B | $328.60M | 23.7% |
| 2015 | $354.40M | $206.30M | 58.2% |
| 2014 | $472.20M | $182.50M | 38.6% |
| 2013 | $467.00M | $174.10M | 37.3% |
| 2012 | $441.30M | $125.90M | 28.5% |
| 2011 | $338.40M | $84.90M | 25.1% |
| 2010 | $417.90M | $55.40M | 13.3% |
| 2009 | $449.50M | $71.40M | 15.9% |
| 2008 | $297.10M | $234.50M | 78.9% |
| 2007 | $498.00M | $234.70M | 47.1% |
| 2006 | $505.10M | $232.80M | 46.1% |
| 2005 | $549.40M | $231.50M | 42.1% |
| 2004 | $538.10M | $231.00M | 42.9% |
| 2003 | $473.20M | $230.90M | 48.8% |
| 2002 | $616.80M | $224.40M | 36.4% |
| 2001 | $615.64M | $224.00M | 36.4% |
| 2000 | $306.92M | $225.08M | 73.3% |
| 1999 | $8.00M | $225.80M | n/m |
| 1998 | ($282.70M) | $116.50M | N/A (Loss) |
| 1997 | ($426.60M) | $101.80M | N/A (Loss) |
| 1996 | $214.80M | $88.90M | 41.4% |
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.
