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 48.05% is 40% below its 5-year average of 79.82%, near the low end of its 5-year range (7.65%–463.27%).
As of the fiscal period ended Tuesday, March 31, 2026. 61.85% below its 12-month average of 125.94%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
48.05%
FCF PAYOUT RATIO AVG TTM
125.94%
FCF PAYOUT RATIO AVG 3Y
28.39%
FCF PAYOUT RATIO AVG 5Y
25.34%
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-61.85%
CURRENT VS 3Y AVG
+69.29%
CURRENT VS 5Y AVG
+89.62%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
48.1%
Earnings Payout Ratio
14.4%
Dividend Yield
0.62%
FCF Yield
1.41%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $25.20M | $115.70M | 459.1% |
| 2024 | $1.01B | $138.90M | 13.8% |
| 2023 | $400.90M | $134.00M | 33.4% |
| 2022 | ($88.37M) | $57.40M | N/A (Loss) |
| 2021 | $12.39M | $57.40M | 463.2% |
| 2020 | $487.26M | $30.14M | 6.2% |
| 2019 | $180.30M | $0 | 0.0% |
| 2018 | $260.50M | $0 | 0.0% |
| 2017 | $127.60M | $0 | 0.0% |
| 2016 | $282.20M | $0 | 0.0% |
| 2015 | $261.40M | $0 | 0.0% |
| 2014 | $230.60M | $0 | 0.0% |
| 2013 | $287.30M | $0 | 0.0% |
| 2012 | $265.10M | $0 | 0.0% |
| 2011 | $134.20M | $0 | 0.0% |
| 2010 | $112.20M | $0 | 0.0% |
| 2009 | $278.60M | $0 | 0.0% |
| 2008 | $244.58M | $0 | 0.0% |
| 2007 | $246.16M | $0 | 0.0% |
| 2006 | $188.72M | $0 | 0.0% |
| 2005 | $280.94M | $0 | 0.0% |
| 2004 | $9.79M | $0 | 0.0% |
| 2003 | $27.38M | $0 | 0.0% |
| 2002 | $11.08M | $0 | 0.0% |
| 2001 | $147.27M | $0 | 0.0% |
| 2000 | $25.36M | $0 | 0.0% |
| 1999 | ($14.80M) | $0 | N/A (Loss) |
| 1998 | $92.20M | $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.
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 | 48.05% |
| 2025-12-31 | 459.13% |
| 2025-09-30 | 51.20% |
| 2025-06-30 | 22.71% |
| 2025-03-31 | 48.61% |
| 2024-12-31 | 13.80% |
| 2024-09-30 | 17.34% |
| 2024-06-30 | 15.83% |
| 2024-03-31 | 9.72% |
| 2023-12-31 | 33.42% |
| 2023-09-30 | 15.50% |
| 2023-06-30 | 36.06% |
| 2021-12-31 | 463.27% |
| 2021-09-30 | 22.22% |
| 2021-06-30 | 12.67% |
| 2021-03-31 | 7.65% |
| 2020-12-31 | 6.19% |
| 2020-09-30 | 3.36% |
