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 17.82% is in line with its 3-year average of 17.89%, near the high end of its 3-year range (5.51%–21.66%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.94% above its 12-month average of 17.48%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 17.82%.
FCF PAYOUT RATIO
17.82%
FCF PAYOUT RATIO AVG TTM
17.48%
FCF PAYOUT RATIO AVG 3Y
17.89%
FCF PAYOUT RATIO AVG 5Y
17.89%
FCF PAYOUT RATIO AVG 10Y
17.89%
FCF PAYOUT RATIO AVG 15Y
17.89%
FCF PAYOUT RATIO AVG 20Y
10.47%
CURRENT VS TTM AVG
+1.94%
CURRENT VS 3Y AVG
-0.41%
CURRENT VS 5Y AVG
-0.41%
CURRENT VS 10Y AVG
-0.41%
CURRENT VS 15Y AVG
-0.41%
CURRENT VS 20Y AVG
+70.22%
FCF Payout Ratio TTM
17.8%
Earnings Payout Ratio
22.6%
Dividend Yield
1.95%
FCF Yield
10.84%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $216.66M | $36.85M | 17.0% |
| 2024 | $156.97M | $31.70M | 20.2% |
| 2023 | $105.61M | $14.42M | 13.7% |
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 | 17.82% |
| 2026-03-31 | 17.17% |
| 2025-12-31 | 17.01% |
| 2025-09-30 | 18.45% |
| 2025-06-30 | 16.95% |
| 2025-03-31 | 20.17% |
| 2024-12-31 | 20.19% |
| 2024-09-30 | 19.89% |
| 2024-06-30 | 21.66% |
| 2024-03-31 | 13.83% |
| 2023-12-31 | 13.65% |
| 2023-09-30 | 5.51% |
| 2008-09-30 | 2.45% |
| 2008-06-30 | 3.08% |
| 2008-03-31 | 4.47% |
| 2007-12-31 | 2.92% |
| 2007-09-30 | 1.01% |
| 2007-06-30 | 3.36% |
| 2007-03-31 | 4.02% |
| 2006-12-31 | 3.56% |
| 2006-09-30 | 2.41% |
| 2006-06-30 | 0.70% |
| 2006-03-31 | 0.33% |
| 2022 |
| $135.57M |
| $0 |
| 0.0% |
| 2021 | $180.66M | $0 | 0.0% |
| 2020 | $170.19M | $0 | 0.0% |
| 2019 | $67.91M | $0 | 0.0% |
| 2018 | $50.26M | $0 | 0.0% |
| 2017 | ($28.12M) | $0 | N/A (Loss) |
| 2016 | $1.78M | $0 | 0.0% |
| 2015 | ($33.38M) | $0 | N/A (Loss) |
| 2014 | ($131.78M) | $0 | N/A (Loss) |
| 2013 | ($105.44M) | $0 | N/A (Loss) |
| 2012 | ($54.74M) | $0 | N/A (Loss) |
| 2011 | $152.12M | $0 | 0.0% |
| 2010 | $144.98M | $0 | 0.0% |
| 2009 | $187.83M | $0 | 0.0% |
| 2008 | $132.87M | $0 | 0.0% |
| 2007 | $144.23M | $2.79M | 1.9% |
| 2006 | $146.92M | $0 | 0.0% |
| 2005 | $252.60M | $0 | 0.0% |
| 2004 | $233.37M | $0 | 0.0% |
| 2003 | $133.01M | $0 | 0.0% |
| 2002 | $45.36M | $0 | 0.0% |
| 2001 | ($2.57M) | $0 | N/A (Loss) |
| 2000 | ($2.82M) | $0 | N/A (Loss) |
| 1999 | ($21.70M) | $0 | N/A (Loss) |
| 1998 | $10.00M | $0 | 0.0% |
| 1997 | ($43.90M) | $0.50M | 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.
