Willis Lease Finance Corp (WLFC) Financial Statements
Industry: Machinery, Equipment & Supplies (Wholesale)
In fiscal 2025, Willis Lease Finance reported revenue of $730.2M, up 28.3% from $569.2M the year before. Net income was $113.8M (a 15.6% net margin), or $5.13 per diluted share. Gross margin was 14.3% and operating margin was 14.3%. Operating activities generated $283.2M of cash, leaving $252.2M of free cash flow. At fiscal year end, Willis Lease Finance held $3.94B in total assets against $3.21B in total liabilities, including $16.4M of cash and equivalents.
Open the full interactive Willis Lease Finance financials → Quarterly statements, key ratios, valuation history and price charts.
Willis Lease Finance Key Stats
| Share Price | $39.19 |
|---|---|
| Market Cap | $862.7M |
| P/E Ratio | 7.6 |
| Revenue YoY Growth | +28.3% |
| 52-Week Range | $38.12 – $79.78 |
| Shares Outstanding | 21.1 million (basic, 2026 Q2) |
Willis Lease Finance Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $288.7M | $274.2M | $311.9M | $418.6M | $569.2M | $730.2M |
| Cost of Goods Sold | $274.0M | $265.9M | $302.1M | $354.3M | $424.8M | $625.9M |
| Gross Profit | $14.7M | $8.3M | $9.9M | $64.2M | $144.4M | $104.3M |
| Operating Income | $14.7M | $8.3M | $9.9M | $64.2M | $144.4M | $104.3M |
| Pre-Tax Income | $17.3M | $9.1M | $9.8M | $67.1M | $152.6M | $160.6M |
| Income Tax | $7.6M | $5.8M | $4.4M | $23.3M | $44.0M | $46.8M |
| Net Income | $9.7M | $3.4M | $5.4M | $43.8M | $108.6M | $113.8M |
| Diluted EPS | $0.35 | — | $0.11 | $2.08 | $5.11 | $5.13 |
Willis Lease Finance Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $183.4M | $193.6M | $194.3M | $194.0M |
| Net Income | $24.3M | $12.2M | $25.1M | $30.2M |
| Diluted EPS | $1.08 | $1.74 | $1.09 | $1.31 |
Willis Lease Finance Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $42.5M | $14.3M | $12.1M | $7.1M | $9.1M | $16.4M |
| Total Assets | $2.36B | $2.46B | $2.58B | $2.65B | $3.30B | $3.94B |
| Total Long-Term Debt | $1.69B | $1.79B | $1.85B | $1.80B | $2.26B | $2.70B |
| Total Liabilities | $1.95B | $2.04B | $2.12B | $2.16B | $2.68B | $3.21B |
| Shareholders' Equity | $364.0M | $375.9M | $404.7M | $439.0M | $549.3M | $662.1M |
Willis Lease Finance Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $93.4M | $90.7M | $144.4M | $229.7M | $284.4M | $283.2M |
| Cash From Investing | -$506.7M | -$148.0M | -$194.4M | -$92.8M | -$764.9M | -$256.4M |
| Cash From Financing | $428.5M | $74.1M | $43.3M | -$57.9M | $445.0M | $387.6M |
| Free Cash Flow | $90.5M | $88.5M | $137.8M | $224.6M | $268.8M | $252.2M |
Figures from Willis Lease Finance's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Willis Lease Finance financials page for every line item.
Willis Lease Finance Company Profile
| Ticker | WLFC |
|---|---|
| Exchange | Nasdaq |
| Industry | Machinery, Equipment & Supplies (Wholesale) |
| Headquarters | Coconut Creek, Florida |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001018164 |
Frequently Asked Questions
What was Willis Lease Finance's revenue in fiscal 2025?
Willis Lease Finance (WLFC) reported revenue of $730.2M for fiscal 2025.
What is Willis Lease Finance's annual revenue history?
Willis Lease Finance's annual revenue by fiscal year: 2020: $288.7M; 2021: $274.2M; 2022: $311.9M; 2023: $418.6M; 2024: $569.2M; 2025: $730.2M.
What was Willis Lease Finance's net income in fiscal 2025?
Willis Lease Finance reported net income of $113.8M for fiscal 2025.
What was Willis Lease Finance's earnings per share (EPS) in fiscal 2025?
Willis Lease Finance's diluted EPS was $5.13 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Willis Lease Finance generate in fiscal 2025?
Willis Lease Finance generated $252.2M of free cash flow in fiscal 2025.
What was Willis Lease Finance's revenue last quarter?
In its most recent reported quarter (2026 Q2), Willis Lease Finance reported revenue of $194.0M.
How much debt does Willis Lease Finance have?
Willis Lease Finance reported $2.70B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Willis Lease Finance are outstanding?
Willis Lease Finance reported a weighted average of 21.1 million basic shares outstanding in 2026 Q2.
What is Willis Lease Finance's market cap?
Based on its latest closing price, Willis Lease Finance (WLFC) has a market capitalization of about $862.7M.
When does Willis Lease Finance's fiscal year end?
Willis Lease Finance's fiscal year end, as registered with the SEC, is December 31.
Where is Willis Lease Finance headquartered?
Willis Lease Finance lists its business address in Coconut Creek, Florida in its SEC filings.
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