Willis Lease Finance Corp (WLFC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WLFC SEC filings page.
Willis Lease Finance Corp (WLFC) reported $765.4M in revenue over the twelve months to Jun 30, 2026, up 17.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business is scaling through a heavily financed asset base, but FY2025 growth came with weaker operating efficiency.
Revenue rose from$569M to$730M in FY2025, yet operating margin narrowed sharply. That mismatch indicates the latest expansion added volume without preserving the prior year's operating economics, a more important change than revenue growth alone.
Operating cash flow was
Total assets increased by
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Willis Lease Finance Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Willis Lease Finance Corp has an operating margin of 14.3%, meaning the company retains $14 of operating profit per $100 of revenue. This strong profitability earns a score of 66/100, reflecting efficient cost management and pricing power. This is down from 25.4% the prior year.
Willis Lease Finance Corp's revenue surged 28.3% year-over-year to $730.2M, reflecting rapid business expansion. This strong growth earns a score of 91/100.
Willis Lease Finance Corp has elevated debt relative to equity (D/E of 4.08), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 3/100, reflecting increased financial risk.
Not available for Willis Lease Finance Corp, and counted as zero in the overall score.
Willis Lease Finance Corp converts 34.5% of revenue into free cash flow ($252.2M). This strong cash generation earns a score of 98/100.
Not available for Willis Lease Finance Corp, and counted as zero in the overall score.
Willis Lease Finance Corp passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Willis Lease Finance Corp generates $2.48 in operating cash flow ($283.2M OCF vs $114.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Willis Lease Finance Corp earns $0.79 in operating income for every $1 of interest expense ($104.3M vs $132.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Willis Lease Finance Corp generated $194.0M in revenue in Q2 2026. This represents a decrease of 0.8% from the same quarter a year earlier. Against the prior quarter it is down 0.2%.
Willis Lease Finance Corp's EBITDA was $63.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 13.0% from the same quarter a year earlier. Against the prior quarter it is down 1.4%.
Willis Lease Finance Corp reported $30.2M in net income in Q2 2026. This represents a decrease of 50.0% from the same quarter a year earlier. Against the prior quarter it is up 20.3%.
Willis Lease Finance Corp earned $1.31 per diluted share (EPS) in Q2 2026.
Cash & Balance Sheet
Willis Lease Finance Corp generated $74.8M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 20.9% from the same quarter a year earlier. Against the prior quarter it is up 40.7%.
Willis Lease Finance Corp held $10.7M in cash against $2.3B in long-term debt as of Q2 2026.
Willis Lease Finance Corp paid $0.13 per share in dividends in Q2 2026.
Margins & Returns
Willis Lease Finance Corp's operating margin was 17.5% in Q2 2026, reflecting core business profitability. This is up 3.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.
Willis Lease Finance Corp's net profit margin was 15.6% in Q2 2026, showing the share of revenue converted to profit. This is down 15.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.6 percentage points.
Willis Lease Finance Corp's ROE was 4.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 5.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
Not reported for Q2 2026.
Capital Allocation
Willis Lease Finance Corp invested $2.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 71.5% from the same quarter a year earlier. Against the prior quarter it is down 22.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
WLFC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $194.0M-0.8% | $194.3M+23.2% | $193.6M+26.7% | $183.4M+25.4% | $195.5M+29.4% | $157.7M+32.5% | $152.8M+33.7% | $146.2M+38.3% |
| SG&A Expenses | $55.6M+10.2% | $56.6M+18.6% | $47.4M+11.6% | $49.2M+22.9% | $50.4M+45.4% | $47.7M+61.3% | $42.5M+43.2% | $40.0M+50.8% |
| Operating Income | $34.0M+20.2% | $33.8M+41.4% | $14.1M-52.0% | $38.0M+12.8% | $28.3M-47.7% | $23.9M-12.2% | $29.4M+75.2% | $33.7M+68.5% |
| EBITDA | $63.0M+13.0% | $64.0M+30.7% | $44.4M-17.1% | $66.7M+16.3% | $55.8M-26.8% | $48.9M-1.6% | $53.6M+35.3% | $57.4M+33.1% |
| Interest Expense | $29.7M-11.6% | $32.6M+1.7% | $32.2M+9.6% | $34.2M+22.9% | $33.6M+36.7% | $32.1M+39.5% | $29.4M+32.0% | $27.8M+46.0% |
| Income Tax | $7.8M-43.8% | $11.8M+40.2% | $5.7M-39.4% | $18.9M+82.3% | $13.9M-9.1% | $8.4M-7.1% | $9.3M-7.0% | $10.4M+81.0% |
| Net Income | $30.2M-50.0% | $25.1M+48.7% | $12.4M-42.0% | $24.3M+0.9% | $60.4M+41.8% | $16.9M-19.2% | $21.4M+92.0% | $24.1M+64.8% |
| EPS (Basic) | $1.36-52.9% | $3.49+49.1% | $1.55-47.6% | $3.36-4.3% | $2.89-54.4% | $2.34-25.0% | $2.96+88.5% | $3.51+62.5% |
| EPS (Diluted) | $1.31 | $3.26+47.5% | $1.50-45.8% | $3.25-3.6% | $2.81 | $2.21-26.3% | $2.77+81.0% | $3.37+58.2% |
| Diluted Shares (Avg) | 22M | 7M+3.6% | N/A | 7M+2.5% | 21M | 7M+5.1% | N/A | 7M+6.1% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
WLFC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.7B-7.4% | $3.5B+7.1% | $3.9B+19.4% | $3.4B+12.4% | $3.9B+35.1% | $3.3B+22.4% | $3.3B+24.3% | $3.0B+17.0% |
| Cash & Equivalents | $10.7M-71.2% | $24.6M-24.1% | $16.4M+80.5% | $12.9M+122.5% | $37.3M+638.8% | $32.4M+324.5% | $9.1M+28.8% | $5.8M+7.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $41.4M+9.9% | $38.9M-6.3% | $35.7M-6.7% | $42.3M+14.1% | $37.6M-30.4% | $41.5M-32.9% | $38.3M-34.5% | $37.1M-19.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | $300K-70.0% | N/A | N/A | N/A | $1.0M | N/A |
| Total Liabilities | $2.9B-11.8% | $2.7B+3.9% | $3.2B+19.6% | $2.7B+9.9% | $3.3B+37.2% | $2.6B+22.3% | $2.7B+24.1% | $2.5B+16.1% |
| Long-Term Debt | $2.3B-17.1% | $2.3B+1.0% | $2.7B+19.2% | $2.2B+12.5% | $2.8B+43.9% | $2.2B+28.6% | $2.3B+25.6% | $2.0B+11.3% |
| Total Equity | $708.6M+14.7% | $694.4M+22.8% | $662.1M+20.5% | $650.2M+25.6% | $617.9M+25.5% | $565.5M+22.5% | $549.3M+25.1% | $517.8M+19.9% |
| Retained Earnings | $637.0M+13.3% | $611.3M+21.0% | $590.8M+20.2% | $583.1M+23.1% | $562.1M+24.3% | $505.1M+20.9% | $491.4M+23.5% | $473.6M+22.1% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Non-Current Liabilities.
WLFC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $77.5M-25.6% | $56.7M+38.2% | $74.2M+9.1% | $63.9M-26.4% | $104.2M+49.2% | $41.0M-31.4% | $68.0M+11.9% | $86.8M+23.1% |
| Depreciation & Amortization | $29.1M+5.5% | $30.2M+20.6% | $30.3M+25.5% | $28.7M+21.2% | $27.6M+24.3% | $25.0M+11.3% | $24.2M+6.0% | $23.6M+2.4% |
| Stock-Based Compensation | $12.7M-24.2% | $13.8M+99.1% | N/A | $11.3M+8.6% | $16.8M+303.7% | $6.9M+81.1% | N/A | $10.4M+168.4% |
| Capital Expenditures | $2.7M-71.5% | $3.5M-52.7% | $7.9M-38.5% | $6.0M+478.2% | $9.6M+640.3% | $7.5M+1746.4% | $12.9M+1342.1% | $1.0M+47.9% |
| Free Cash Flow | $74.8M-20.9% | $53.1M+58.5% | $66.2M+20.3% | $57.8M-32.5% | $94.5M+38.0% | $33.5M-43.6% | $55.1M-8.0% | $85.7M+22.9% |
| Investing Cash Flow | -$158.1M-892.3% | $79.9M+483.7% | -$148.2M+52.2% | -$106.0M+41.1% | -$15.9M+92.5% | $13.7M+121.5% | -$309.9M-887.4% | -$180.0M-518.3% |
| Financing Cash Flow | $32.3M-94.1% | -$462.9M-1114.7% | $450.0M+67.1% | -$569.5M-1230.5% | $545.2M+179.5% | -$38.1M+45.4% | $269.4M+2094.6% | $50.4M+223.6% |
| Dividends Paid | $3.0M+58.8% | $3.1M+69.9% | $3.1M+70.5% | $1.9M+7.0% | $1.9M-73.1% | $1.8M | $1.8M | $1.8M |
Not reported in any period shown, so not listed: Share Buybacks.
WLFC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 17.5%+3.0pp | 17.4%+2.2pp | 7.3%-12.0pp | 20.7%-2.3pp | 14.5%-21.3pp | 15.2%-7.7pp | 19.2%+4.5pp | 23.1%+4.1pp |
| Net Margin | 15.6%-15.3pp | 12.9%+2.2pp | 6.4%-7.6pp | 13.3%-3.2pp | 30.9%+2.7pp | 10.7%-6.8pp | 14.0%+4.3pp | 16.5%+2.7pp |
| Return on Equity | 4.3%-5.5pp | 3.6%+0.6pp | 1.9%-2.0pp | 3.7%-0.9pp | 9.8%+1.1pp | 3.0%-1.5pp | 3.9%+1.4pp | 4.7%+1.3pp |
| Return on Assets | 0.8%-0.7pp | 0.7%+0.2pp | 0.3%-0.3pp | 0.7%-0.1pp | 1.5%+0.1pp | 0.5%-0.3pp | 0.7%+0.2pp | 0.8%+0.2pp |
| Debt-to-Equity | 3.28-1.3x | 3.25-0.7x | 4.080.0x | 3.44-0.4x | 4.53+0.6x | 3.95+0.2x | 4.120.0x | 3.84-0.3x |
| Asset Turnover | 0.050.0x | 0.060.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.050.0x |
| FCF Margin | 38.5%-9.8pp | 27.3%+6.1pp | 34.2%-1.8pp | 31.5%-27.1pp | 48.4%+3.0pp | 21.3%-28.6pp | 36.0%-16.3pp | 58.6%-7.4pp |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Willis Lease Finance Corp WLFC | FY2025 | $730.2M | $114.0M | 15.6% | $801.2M | 43/100 |
| Custom Truck One Source, Inc. CTOS | FY2025 | $1.9B | -$31.1M | -1.6% | $2.2B | 29/100 |
| PROG Holdings, Inc. PRG | FY2025 | $2.4B | $146.8M | 6.1% | $1.2B | 35/100 |
| Hertz Global Holdings, Inc HTZ | FY2025 | $8.5B | -$747.0M | -8.8% | $684.4M | 5/100 |
| Vestis Corporation VSTS | FY2025 | $2.7B | -$40.2M | -1.5% | $1.9B | 42/100 |
Where Willis Lease Finance Corp Ranks
Frequently Asked Questions
What is Willis Lease Finance Corp's annual revenue?
Willis Lease Finance Corp (WLFC) reported $730.2M in total revenue for fiscal year 2025. This represents a 28.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Willis Lease Finance Corp's revenue growing?
Willis Lease Finance Corp (WLFC) revenue grew by 28.3% year-over-year, from $569.2M to $730.2M in fiscal year 2025.
Is Willis Lease Finance Corp profitable?
Yes, Willis Lease Finance Corp (WLFC) reported a net income of $114.0M in fiscal year 2025, with a net profit margin of 15.6%.
What is Willis Lease Finance Corp's EBITDA?
Willis Lease Finance Corp (WLFC) had EBITDA of $215.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Willis Lease Finance Corp have?
As of fiscal year 2025, Willis Lease Finance Corp (WLFC) had $16.4M in cash and equivalents against $2.7B in long-term debt.
What is Willis Lease Finance Corp's operating margin?
Willis Lease Finance Corp (WLFC) had an operating margin of 14.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Willis Lease Finance Corp's net profit margin?
Willis Lease Finance Corp (WLFC) had a net profit margin of 15.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Willis Lease Finance Corp pay dividends?
Yes, Willis Lease Finance Corp (WLFC) paid $1.15 per share in dividends during fiscal year 2025.
What is Willis Lease Finance Corp's return on equity (ROE)?
Willis Lease Finance Corp (WLFC) has a return on equity of 17.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Willis Lease Finance Corp's free cash flow?
Willis Lease Finance Corp (WLFC) generated $252.2M in free cash flow during fiscal year 2025. This represents a -6.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Willis Lease Finance Corp's operating cash flow?
Willis Lease Finance Corp (WLFC) generated $283.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Willis Lease Finance Corp's total assets?
Willis Lease Finance Corp (WLFC) had $3.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Willis Lease Finance Corp's capital expenditures?
Willis Lease Finance Corp (WLFC) invested $31.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Willis Lease Finance Corp's debt-to-equity ratio?
Willis Lease Finance Corp (WLFC) had a debt-to-equity ratio of 4.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Willis Lease Finance Corp's return on assets (ROA)?
Willis Lease Finance Corp (WLFC) had a return on assets of 2.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Willis Lease Finance Corp's P/E ratio?
Willis Lease Finance Corp (WLFC) trades at 8.7x earnings, its market capitalization divided by net income of $92.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $801.2M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Willis Lease Finance Corp's price-to-sales ratio?
Willis Lease Finance Corp (WLFC) trades at 1.0x sales, its market capitalization divided by revenue of $765.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $801.2M as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Willis Lease Finance Corp's Piotroski F-Score?
Willis Lease Finance Corp (WLFC) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Willis Lease Finance Corp's earnings high quality?
Willis Lease Finance Corp (WLFC) has an earnings quality ratio of 2.48x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Willis Lease Finance Corp cover its interest payments?
Willis Lease Finance Corp (WLFC) has an interest coverage ratio of 0.79x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Willis Lease Finance Corp?
Willis Lease Finance Corp (WLFC) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.