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 7.49% is 15% below its 5-year average of 8.85%, near the low end of its 5-year range (5.80%–18.12%).
As of the fiscal period ended Tuesday, June 30, 2026. 10.35% above its 12-month average of 6.79%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
7.49%
FCF PAYOUT RATIO AVG TTM
6.79%
FCF PAYOUT RATIO AVG 3Y
7.06%
FCF PAYOUT RATIO AVG 5Y
8.85%
FCF PAYOUT RATIO AVG 10Y
11.45%
FCF PAYOUT RATIO AVG 15Y
10.89%
FCF PAYOUT RATIO AVG 20Y
10.89%
CURRENT VS TTM AVG
+10.35%
CURRENT VS 3Y AVG
+6.14%
CURRENT VS 5Y AVG
-15.38%
CURRENT VS 10Y AVG
-34.59%
CURRENT VS 15Y AVG
-31.22%
CURRENT VS 20Y AVG
-31.22%
FCF Payout Ratio TTM
7.5%
Earnings Payout Ratio
5.1%
Dividend Yield
0.20%
FCF Yield
2.67%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $102.27M | $6.87M | 6.7% |
| 2024 | $98.61M | $5.72M | 5.8% |
| 2023 | $58.01M | $4.55M | 7.9% |
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 | 7.49% |
| 2026-03-31 | 7.52% |
| 2025-12-31 | 6.72% |
| 2025-09-30 | 6.32% |
| 2025-06-30 | 5.90% |
| 2025-03-31 | 5.84% |
| 2024-12-31 | 5.80% |
| 2024-09-30 | 6.39% |
| 2024-06-30 | 7.30% |
| 2024-03-31 | 7.67% |
| 2023-12-31 | 7.85% |
| 2023-09-30 | 8.14% |
| 2023-06-30 | 8.82% |
| 2023-03-31 | 9.04% |
| 2022-12-31 | 12.08% |
| 2022-09-30 | 13.81% |
| 2022-06-30 | 15.08% |
| 2022-03-31 | 18.12% |
| 2021-12-31 | 14.04% |
| 2021-09-30 | 10.78% |
| 2021-06-30 | 10.47% |
| 2021-03-31 | 8.37% |
| 2020-12-31 | 8.69% |
| 2020-09-30 | 103.22% |
| 2020-06-30 | 115.91% |
| 2020-03-31 | 141.14% |
| 2019-12-31 | 166.03% |
| 2019-09-30 | 522.97% |
| 2018-09-30 | 82.95% |
| 2018-06-30 | 80.82% |
| 2018-03-31 | 30.41% |
| 2017-12-31 | 23.28% |
| 2017-09-30 | 18.47% |
| 2017-06-30 | 13.65% |
| 2017-03-31 | 15.63% |
| 2016-12-31 | 13.78% |
| 2016-09-30 | 14.03% |
| 2016-06-30 | 13.55% |
| 2016-03-31 | 13.38% |
| 2015-12-31 | 13.30% |
| 2015-09-30 | 13.60% |
| 2015-06-30 | 16.08% |
| 2015-03-31 | 11.91% |
| 2014-12-31 | 13.74% |
| 2014-09-30 | 9.64% |
| 2014-06-30 | 5.26% |
| 2014-03-31 | 3.21% |
| 2003-09-30 | 12.83% |
| 2003-06-30 | 16.00% |
| 2022 |
| $37.55M |
| $4.54M |
| 12.1% |
| 2021 | $25.77M | $3.62M | 14.0% |
| 2020 | $41.44M | $3.60M | 8.7% |
| 2019 | $19.91M | $33.06M | 166.0% |
| 2018 | ($15.03M) | $3.02M | N/A (Loss) |
| 2017 | $12.95M | $3.01M | 23.3% |
| 2016 | $20.18M | $2.78M | 13.8% |
| 2015 | $21.04M | $2.80M | 13.3% |
| 2014 | $20.30M | $2.79M | 13.7% |
| 2013 | $24.61M | $0 | 0.0% |
| 2012 | $23.39M | $0 | 0.0% |
| 2011 | $29.09M | $0 | 0.0% |
| 2010 | $24.86M | $0 | 0.0% |
| 2009 | $24.92M | $0 | 0.0% |
| 2008 | $10.00M | $0 | 0.0% |
| 2007 | $6.25M | $0 | 0.0% |
| 2006 | ($9.68M) | $0 | N/A (Loss) |
| 2005 | $6.15M | $0 | 0.0% |
| 2004 | $1.50M | $0 | 0.0% |
| 2003 | ($2.49M) | $0.29M | N/A (Loss) |
| 2002 | $4.58M | $0.58M | 12.7% |
| 2001 | ($3.91M) | $0.58M | N/A (Loss) |
| 2000 | ($23.96M) | $0.40M | N/A (Loss) |
| 1999 | ($8.65M) | $0.40M | N/A (Loss) |
| 1998 | ($17.40M) | $0.40M | N/A (Loss) |
| 1997 | ($4.60M) | $0.40M | N/A (Loss) |
| 1996 | $1.00M | $0.40M | 40.0% |
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.
