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 74.74% is 158% above its 5-year average of 28.93%, near the low end of its 5-year range (6.70%–471.43%).
As of the fiscal period ended Tuesday, June 30, 2026. 64.33% above its 12-month average of 45.48%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 74.74%.
FCF PAYOUT RATIO
74.74%
FCF PAYOUT RATIO AVG TTM
45.48%
FCF PAYOUT RATIO AVG 3Y
99.62%
FCF PAYOUT RATIO AVG 5Y
28.93%
FCF PAYOUT RATIO AVG 10Y
14.59%
FCF PAYOUT RATIO AVG 15Y
20.92%
FCF PAYOUT RATIO AVG 20Y
24.05%
CURRENT VS TTM AVG
+64.33%
CURRENT VS 3Y AVG
-24.98%
CURRENT VS 5Y AVG
+158.30%
CURRENT VS 10Y AVG
+412.32%
CURRENT VS 15Y AVG
+257.17%
CURRENT VS 20Y AVG
+210.78%
FCF Payout Ratio TTM
74.7%
Earnings Payout Ratio
132.3%
Dividend Yield
7.77%
FCF Yield
10.49%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $115.00M | $69.00M | 60.0% |
| 2024 | $14.00M | $66.00M | 471.4% |
| 2023 | $143.00M | $65.00M | 45.5% |
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 | 74.74% |
| 2026-03-31 | 45.45% |
| 2025-12-31 | 60.00% |
| 2025-09-30 | 32.70% |
| 2025-06-30 | 14.50% |
| 2025-03-31 | 239.29% |
| 2024-12-31 | 471.43% |
| 2024-03-31 | 82.89% |
| 2023-12-31 | 45.45% |
| 2023-09-30 | 18.02% |
| 2023-06-30 | 11.36% |
| 2023-03-31 | 11.06% |
| 2022-12-31 | 11.10% |
| 2022-09-30 | 15.94% |
| 2022-06-30 | 15.25% |
| 2022-03-31 | 12.45% |
| 2021-12-31 | 26.32% |
| 2021-09-30 | 7.95% |
| 2021-06-30 | 6.70% |
| 2021-03-31 | 8.00% |
| 2020-12-31 | 7.12% |
| 2020-09-30 | 11.39% |
| 2020-06-30 | 15.34% |
| 2020-03-31 | 17.48% |
| 2019-12-31 | 13.95% |
| 2019-09-30 | 13.08% |
| 2019-06-30 | 14.94% |
| 2019-03-31 | 13.95% |
| 2018-12-31 | 13.75% |
| 2018-09-30 | 17.52% |
| 2018-06-30 | 16.54% |
| 2018-03-31 | 19.49% |
| 2017-12-31 | 20.55% |
| 2017-09-30 | 15.11% |
| 2017-06-30 | 15.24% |
| 2017-03-31 | 15.18% |
| 2016-12-31 | 13.25% |
| 2016-09-30 | 19.76% |
| 2016-06-30 | 19.94% |
| 2016-03-31 | 20.06% |
| 2015-12-31 | 21.46% |
| 2012-09-30 | 32.47% |
| 2012-06-30 | 33.14% |
| 2012-03-31 | 33.39% |
| 2011-12-31 | 38.07% |
| 2011-09-30 | 43.56% |
| 2011-06-30 | 41.78% |
| 2011-03-31 | 29.84% |
| 2010-12-31 | 25.70% |
| 2010-03-31 | 0.00% |
| 2009-12-31 | 19.44% |
| 2009-09-30 | 27.35% |
| 2009-06-30 | 37.86% |
| 2009-03-31 | 46.79% |
| 2008-12-31 | 39.49% |
| 2008-09-30 | 38.75% |
| 2008-06-30 | 34.81% |
| 2008-03-31 | 36.39% |
| 2007-12-31 | 40.24% |
| 2007-09-30 | 29.94% |
| 2007-06-30 | 27.07% |
| 2007-03-31 | 20.25% |
| 2006-12-31 | 18.39% |
| 2006-09-30 | 33.96% |
| 2006-06-30 | 60.90% |
| 2006-03-31 | 75.34% |
| 2005-12-31 | 63.91% |
| 2005-09-30 | 32.01% |
| 2005-06-30 | 19.08% |
| 2005-03-31 | 15.82% |
| 2004-12-31 | 14.43% |
| 2004-09-30 | 14.17% |
| 2004-06-30 | 15.77% |
| 2004-03-31 | 31.21% |
| 2003-12-31 | 13.06% |
| 2003-09-30 | 22.94% |
| 2003-06-30 | 17.55% |
| 2022 |
| $694.00M |
| $77.00M |
| 11.1% |
| 2021 | $247.00M | $65.00M | 26.3% |
| 2020 | $1.39B | $99.00M | 7.1% |
| 2019 | $760.00M | $106.00M | 13.9% |
| 2018 | $542.36M | $74.57M | 13.7% |
| 2017 | $347.29M | $71.36M | 20.5% |
| 2016 | $497.30M | $65.91M | 13.3% |
| 2015 | $292.26M | $62.73M | 21.5% |
| 2014 | ($1.14B) | $61.10M | N/A (Loss) |
| 2013 | ($888.96M) | $56.77M | N/A (Loss) |
| 2012 | ($941.86M) | $123.85M | N/A (Loss) |
| 2011 | $100.76M | $38.36M | 38.1% |
| 2010 | $133.16M | $34.23M | 25.7% |
| 2009 | $105.44M | $16.04M | 15.2% |
| 2008 | $168.84M | $66.68M | 39.5% |
| 2007 | $122.99M | $49.49M | 40.2% |
| 2006 | $138.41M | $0 | 0.0% |
| 2005 | $37.88M | $24.20M | 63.9% |
| 2004 | $75.23M | $14.45M | 19.2% |
| 2003 | $79.22M | $10.35M | 13.1% |
| 2002 | $65.53M | $10.35M | 15.8% |
| 2001 | $29.87M | $10.35M | 34.6% |
| 2000 | $35.87M | $10.35M | 28.9% |
| 1999 | ($137.90M) | $10.40M | N/A (Loss) |
| 1998 | ($1.93B) | $10.40M | N/A (Loss) |
| 1997 | ($13.40M) | $2.40M | N/A (Loss) |
| 1996 | $56.40M | $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.
