WLFC
Willis Lease Finance Corporation
NASDAQ: WLFC · INDUSTRIALS · RENTAL & LEASING SERVICES
$194.15
+4.60% today
Updated 2026-04-30
Market cap
$1.46B
P/E ratio
12.30
P/S ratio
2.04x
EPS (TTM)
$15.57
Dividend yield
0.61%
52W range
$114 – $218
Volume
0.1M
Willis Lease Finance Corporation (WLFC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $84.97M | $121.90M | $152.29M | $150.44M | $148.30M | $156.65M | $148.09M | $158.41M | $174.29M | $199.61M | $207.27M | $274.84M | $348.35M | $409.16M | $288.69M | $274.20M | $311.93M | $418.56M | $569.22M | $675.84M |
| Revenue growth (YoY) | — | +43.5% | +24.9% | -1.2% | -1.4% | +5.6% | -5.5% | +7.0% | +10.0% | +14.5% | +3.8% | +32.6% | +26.7% | +17.5% | -29.4% | -5.0% | +13.8% | +34.2% | +36.0% | +18.7% |
| Cost of revenue | $601000.00 | $3.82M | $6.14M | $7.15M | $8.12M | $8.39M | $52.59M | $58.73M | $72.92M | $87.45M | $79.57M | $106.87M | $137.84M | $148.88M | $111.30M | $105.43M | $109.09M | $127.29M | $139.78M | $231.74M |
| Gross profit | $84.37M | $118.08M | $146.15M | $143.29M | $140.18M | $148.26M | $95.50M | $99.69M | $101.37M | $112.16M | $127.70M | $167.97M | $210.51M | $260.28M | $177.39M | $168.77M | $202.83M | $291.26M | $429.44M | $444.10M |
| Gross margin | 99.3% | 96.9% | 96.0% | 95.2% | 94.5% | 94.6% | 64.5% | 62.9% | 58.2% | 56.2% | 61.6% | 61.1% | 60.4% | 63.6% | 61.4% | 61.5% | 65.0% | 69.6% | 75.4% | 65.7% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $12.86M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $20.96M | $23.09M | $30.76M | $26.77M | $29.30M | $35.70M | $34.55M | $33.87M | $35.86M | $42.74M | $47.78M | $55.74M | $72.02M | $86.52M | $67.91M | $75.35M | $92.53M | $115.74M | $146.76M | $194.74M |
| Operating income | $38.45M | $67.67M | $41.20M | $31.45M | $18.57M | $22.59M | $937000.00 | $7.77M | $10.51M | $12.97M | $22.13M | $28.85M | $52.47M | $80.30M | $14.69M | $8.34M | $9.86M | $64.22M | $144.40M | $217.98M |
| Operating margin | 45.3% | 55.5% | 27.1% | 20.9% | 12.5% | 14.4% | 0.6% | 4.9% | 6.0% | 6.5% | 10.7% | 10.5% | 15.1% | 19.6% | 5.1% | 3.0% | 3.2% | 15.3% | 25.4% | 32.3% |
| EBITDA | $88.69M | $96.81M | $124.22M | $112.49M | $109.33M | $98.99M | $80.61M | $107.26M | $114.34M | $121.21M | $131.40M | $150.13M | $197.31M | $242.01M | $174.90M | $167.63M | $164.80M | $236.85M | $352.62M | $329.53M |
| EBITDA margin | 104.4% | 79.4% | 81.6% | 74.8% | 73.7% | 63.2% | 54.4% | 67.7% | 65.6% | 60.7% | 63.4% | 54.6% | 56.6% | 59.1% | 60.6% | 61.1% | 52.8% | 56.6% | 61.9% | 48.8% |
| EBIT | $58.95M | $61.38M | $86.78M | $68.40M | $60.63M | $47.74M | $28.02M | $48.53M | $48.90M | $51.63M | $65.11M | $84.11M | $120.49M | $155.77M | $80.36M | $77.13M | $76.54M | $145.93M | $257.41M | $217.98M |
| Interest expense | $31.61M | $37.94M | $38.64M | $36.01M | $40.95M | $35.20M | $31.75M | $38.72M | $37.06M | $39.01M | $41.14M | $48.72M | $64.22M | $66.89M | $63.02M | $67.98M | $66.74M | $78.80M | $104.76M | $137.86M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $7.25M | $17.66M | $26.60M | $22.37M | $12.05M | $14.51M | $1.53M | $15.63M | $7.25M | $7.36M | $14.07M | $62.16M | $43.23M | $66.92M | $9.75M | $3.35M | $5.44M | $43.78M | $108.61M | $113.76M |
| Net income growth (YoY) | — | +143.5% | +50.6% | -15.9% | -46.1% | +20.4% | -89.4% | +918.0% | -53.6% | +1.5% | +91.3% | +341.8% | -30.4% | +54.8% | -85.4% | -65.6% | +62.3% | +704.9% | +148.1% | +4.7% |
| Profit margin | 8.5% | 14.5% | 17.5% | 14.9% | 8.1% | 9.3% | 1.0% | 9.9% | 4.2% | 3.7% | 6.8% | 22.6% | 12.4% | 16.4% | 3.4% | 1.2% | 1.7% | 10.5% | 19.1% | 16.8% |