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 12.82% is 54% below its 5-year average of 28.18%, near the low end of its 5-year range (3.63%–56.06%).
As of the fiscal period ended Tuesday, June 30, 2026. 43.74% below its 12-month average of 22.79%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
12.82%
FCF PAYOUT RATIO AVG TTM
22.79%
FCF PAYOUT RATIO AVG 3Y
34.40%
FCF PAYOUT RATIO AVG 5Y
28.18%
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
-43.74%
CURRENT VS 3Y AVG
-62.73%
CURRENT VS 5Y AVG
-54.49%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
12.8%
Earnings Payout Ratio
65.8%
Dividend Yield
1.69%
FCF Yield
15.24%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $343.11M | $91.88M | 26.8% |
| 2024 | $283.67M | $93.37M | 32.9% |
| 2023 | $198.90M | $125.19M | 62.9% |
| 2022 | $136.40M | $38.09M | 27.9% |
| 2021 | $40.74M | $0 | 0.0% |
| 2020 | ($29.26M) | $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 |
|---|---|
| 2026-06-30 | 12.82% |
| 2026-03-31 | 17.24% |
| 2025-12-31 | 22.54% |
| 2025-09-30 | 31.93% |
| 2025-06-30 | 29.43% |
| 2025-03-31 | 40.99% |
| 2024-12-31 | 32.95% |
| 2024-09-30 | 56.06% |
| 2024-06-30 | 48.78% |
| 2024-03-31 | 44.62% |
| 2023-12-31 | 43.66% |
| 2023-09-30 | 37.20% |
| 2023-06-30 | 29.00% |
| 2023-03-31 | 22.64% |
| 2022-12-31 | 27.93% |
| 2022-06-30 | 3.63% |
| 2022-03-31 | 6.00% |
| 2021-12-31 | 10.27% |
| 2021-09-30 | 17.66% |
| N/A (Loss) |
| 2019 | $1.39M | $0 | 0.0% |
