WLFC · Willis Lease Finance Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $194.35M | - | $183.39M | $195.50M | $157.73M | - | $146.22M | $151.12M | $119.08M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $56.60M | - | $49.19M | $50.43M | $47.72M | - | $40.04M | $34.69M | $29.58M | - |
| Total Operating Expenses | $160.56M | - | $145.36M | $167.24M | $133.83M | - | $112.52M | $97.04M | $91.86M | - |
| D&A | $30.18M | - | $28.66M | $27.55M | $25.02M | - | $23.65M | $22.17M | $22.49M | - |
| Operating Income | $33.79M | - | $38.02M | $28.27M | $23.90M | - | $33.70M | $54.08M | $27.22M | - |
| Interest Expense | $32.63M | - | $34.18M | $33.57M | $32.09M | - | $27.81M | $24.56M | $23.00M | - |
| Income Tax | $11.76M | - | $18.89M | $13.92M | $8.38M | - | $10.36M | $15.32M | $9.02M | - |
| Net Income | $25.08M | - | $24.32M | $60.38M | $16.87M | - | $24.10M | $42.59M | $20.87M | - |
| EPS - Basic | $3.49 | - | $3.36 | $8.68 | $2.34 | - | $3.51 | $6.34 | $3.12 | - |
| EPS - Diluted | $3.26 | - | $3.25 | $8.43 | $2.21 | - | $3.37 | $6.21 | $3.00 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $24.55M | $16.44M | $12.88M | $37.27M | $32.36M | $9.11M | $5.79M | $5.04M | $7.62M | $7.07M |
| Accounts Receivable | - | $35.72M | - | - | - | $38.29M | - | - | - | $58.48M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $3.51B | $3.94B | $3.42B | $3.95B | $3.27B | $3.30B | $3.04B | $2.92B | $2.67B | $2.65B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $2.25B | $2.70B | $2.24B | $2.80B | $2.23B | $2.26B | $1.99B | $1.95B | $1.74B | $1.80B |
| Total Liabilities | $2.75B | $3.21B | $2.71B | $3.27B | $2.65B | $2.68B | $2.46B | $2.38B | $2.16B | $2.16B |
| Stockholders' Equity | $694.37M | $662.14M | $650.20M | $617.94M | $565.49M | $549.34M | $517.76M | $492.42M | $461.80M | $438.96M |
| Retained Earnings | $611.33M | $590.78M | $583.09M | $562.12M | $505.08M | $491.44M | $473.61M | $452.26M | $417.74M | $397.78M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $56.68M | - | - | - | $41.01M | - | - | - | $59.83M | - |
| Investing Cash Flow | $79.91M | - | - | - | $13.69M | - | - | - | ($63.76M) | - |
| Financing Cash Flow | ($462.95M) | - | - | - | ($38.11M) | - | - | - | ($69.85M) | - |
| CapEx | $3.54M | - | - | - | $7.48M | - | - | - | $405.0K | - |
| Free Cash Flow | $53.14M | - | - | - | $33.53M | - | - | - | $59.42M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 17.4% | - | 20.7% | 14.5% | 15.2% | - | 23.0% | 35.8% | 22.9% | - |
| EBITDA margin | 32.9% | - | 36.4% | 28.5% | 31.0% | - | 39.2% | 50.5% | 41.7% | - |
| Net margin | 12.9% | - | 13.3% | 30.9% | 10.7% | - | 16.5% | 28.2% | 17.5% | - |
| Free cash flow margin | 27.3% | - | - | - | 21.3% | - | - | - | 49.9% | - |
| FCF / Net income | 2.12 | - | - | - | 1.99 | - | - | - | 2.85 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 29.1% | - | 26.8% | 25.8% | 30.3% | - | 27.4% | 23.0% | 24.8% | - |
| Effective tax rate | 31.9% | - | 43.7% | 18.7% | 33.2% | - | 30.1% | 26.5% | 30.2% | - |
| Return on assets | 0.7% | - | 0.7% | 1.5% | 0.5% | - | 0.8% | 1.5% | 0.8% | - |
| Return on equity | 3.6% | - | 3.7% | 9.8% | 3.0% | - | 4.7% | 8.6% | 4.5% | - |
| Return on invested capital | 0.8% | - | 0.7% | 0.7% | 0.6% | - | 0.9% | 1.6% | 0.9% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 3.25 | 4.08 | 3.44 | 4.53 | 3.95 | 4.12 | 3.84 | 3.95 | 3.76 | 4.11 |
| Debt / Assets | 0.64 | 0.69 | 0.65 | 0.71 | 0.68 | 0.69 | 0.65 | 0.67 | 0.65 | 0.68 |
| Debt / EBITDA | 35.23 | - | 33.58 | 50.18 | 45.61 | - | 34.70 | 25.53 | 34.92 | - |
| Interest coverage | 1.0x | - | 1.1x | 0.8x | 0.7x | - | 1.2x | 2.2x | 1.2x | - |
| Equity multiplier | 5.05 | 5.94 | 5.26 | 6.39 | 5.79 | 6.00 | 5.88 | 5.93 | 5.79 | 6.04 |
| Liabilities / Assets | 0.78 | 0.82 | 0.79 | 0.83 | 0.81 | 0.81 | 0.81 | 0.81 | 0.81 | 0.82 |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | - | 0.05 | 0.05 | 0.05 | - | 0.05 | 0.05 | 0.04 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 52.2x | - | 42.2x | 16.9x | 71.5x | - | 44.2x | 11.2x | 16.5x | - |
| P / B | 1.8x | - | 1.5x | 1.6x | 2.0x | - | 2.0x | 0.9x | 0.7x | - |
| P / S | 6.4x | - | 5.3x | 5.1x | 7.0x | - | 7.0x | 3.1x | 2.8x | - |
| EV / EBITDA | 54.2x | - | 47.8x | 67.4x | 67.6x | - | 52.4x | 31.6x | 41.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 23.2% | - | 25.4% | 29.4% | 32.5% | - | 38.3% | 38.6% | 33.0% | - |
| Revenue CAGR (3y) | 29.5% | - | 33.6% | 35.8% | 31.8% | - | 27.4% | 31.5% | 24.9% | - |
| Revenue CAGR (5y) | 26.0% | - | 21.0% | 21.1% | 14.1% | - | 4.0% | 9.5% | 2.8% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 41.4% | - | 12.8% | -47.7% | -12.2% | - | 68.5% | 178.2% | 240.3% | - |
| Net income growth (YoY) | 48.7% | - | 0.9% | 41.8% | -19.2% | - | 64.8% | 208.2% | 374.9% | - |
| EPS growth (YoY) | 47.5% | - | -3.6% | 35.7% | -26.3% | - | 58.2% | 207.4% | 445.5% | - |
| EPS CAGR (3y) | 81.0% | - | 54.0% | 118.3% | - | - | 119.2% | - | - | - |
| EPS CAGR (5y) | - | - | 56.2% | 62.7% | 31.6% | - | -2.4% | 18.5% | -2.2% | - |
| FCF growth (YoY) | 58.5% | - | - | - | -43.6% | - | - | - | 18.1% | - |
| FCF CAGR (5y) | 18.7% | - | - | - | 4.6% | - | - | - | 11.2% | - |
| Book value growth (YoY) | 22.8% | 20.5% | 25.6% | 25.5% | 22.5% | 25.1% | 19.9% | 18.0% | 13.7% | 8.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$750.61M totalLeasing And Related Operations Segment$692.67M · 92.3%
Spare Parts Sales Segment$57.94M · 7.7%
Geographic
$730.24M totalUS$205.88M · 28.2%
Europe$183.68M · 25.2%
IN$137.77M · 18.9%
Asia Pacific$110.87M · 15.2%
CA$41.69M · 5.7%
South America$37.24M · 5.1%
Central America$7.68M · 1.1%
Africa$4.58M · 0.6%
Middle East$851.0K · 0.1%
Peer comparison
Same SIC group: Wholesale-Machinery, Equipment & Supplies
Comparing WILLIS LEASE FINANCE CORP against the 5 most active filers in the same SIC group.
Dividends
$1.45/share trailing 12 months · +45.0% YoY
| Ex-date | Per share |
|---|---|
| May 11, 2026 | $0.4000 |
| Feb 11, 2026 | $0.4000 |
| Nov 17, 2025 | $0.4000 |
| Aug 12, 2025 | $0.2500 |
| May 12, 2025 | $0.2500 |
| Feb 12, 2025 | $0.2500 |
| Nov 12, 2024 | $0.2500 |
| Aug 12, 2024 | $0.2500 |
| May 30, 2024 | $1.0000 |