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 18.39% is 16% below its 3-year average of 21.84%, around the middle of its 3-year range (7.35%–30.34%).
As of the fiscal period ended Tuesday, March 31, 2026. 13.84% below its 12-month average of 21.35%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
18.39%
FCF PAYOUT RATIO AVG TTM
21.35%
FCF PAYOUT RATIO AVG 3Y
23.15%
FCF PAYOUT RATIO AVG 5Y
23.15%
FCF PAYOUT RATIO AVG 10Y
23.15%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-13.84%
CURRENT VS 3Y AVG
-20.57%
CURRENT VS 5Y AVG
-20.57%
CURRENT VS 10Y AVG
-20.57%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
18.4%
Earnings Payout Ratio
18.4%
Dividend Yield
0.93%
FCF Yield
5.35%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $408.00M | $84.80M | 20.8% |
| 2024 | $336.60M | $84.80M | 25.2% |
| 2023 | $288.21M | $64.84M | 22.5% |
| 2022 | $228.31M | $0 | 0.0% |
| 2021 | $193.17M | $0 | 0.0% |
| 2020 | $133.10M | $0 | 0.0% |
| 2019 | $131.33M | $0 | 0.0% |
| 2018 | $124.91M | $0 | 0.0% |
| 2017 | $71.21M | $0 | 0.0% |
| 2016 | $55.15M | $0 | 0.0% |
| 2015 | $26.42M | $0 | 0.0% |
| 2014 | $8.07M | $0 | 0.0% |
| 2013 | ($0.19M) | $5.41M | N/A (Loss) |
| 2012 | $5.00M | $18.96M | 379.1% |
| 2011 | ($5.78M) | $1.44M | 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 |
|---|---|
| 2026-03-31 | 18.39% |
| 2025-12-31 | 20.88% |
| 2025-09-30 | 21.71% |
| 2025-06-30 | 23.75% |
| 2025-03-31 | 22.00% |
| 2024-12-31 | 24.87% |
| 2024-09-30 | 27.89% |
| 2024-06-30 | 27.85% |
| 2024-03-31 | 30.34% |
| 2023-12-31 | 22.50% |
| 2023-09-30 | 14.53% |
| 2023-06-30 | 7.35% |
| 2014-09-30 | 264.50% |
| 2013-12-31 | 139.57% |
| 2013-09-30 | 197.60% |
