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Stocks · Industrials · Wholesale-Machinery, Equipment & Supplies

WILLIS LEASE FINANCE CORP

WLFC Clue Score65
United States Fiscal year ends December CIK 0001018164
$40.88 +2.17% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $40.88 +6.57% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue207.3Operating income22.1Net income14.1EPS, diluted2.05Fiscal year 2017Revenue274.8 +32.6%Operating income28.9Net income62.2 +341.8%EPS, diluted9.69 +372.7%Fiscal year 2018Revenue348.3 +26.7%Operating income52.5Net income43.2 −30.4%EPS, diluted6.60 −31.9%Fiscal year 2019Revenue409.2 +17.5%Operating income80.3Net income66.9 +54.8%EPS, diluted10.50 +59.1%Fiscal year 2020Revenue288.7 −29.4%Operating income14.7Net income9.7 −85.4%EPS, diluted1.05 −90.0%Fiscal year 2021Revenue274.2 −5.0%Operating income8.3Net income3.4 −65.6%EPS, diluted0.00 −100.0%Fiscal year 2022Revenue311.9 +13.8%Operating income9.9Net income5.4 +62.3%EPS, diluted0.33Fiscal year 2023Revenue418.6 +34.2%Operating income64.2Net income43.8 +704.9%EPS, diluted6.23 +1,787.9%Fiscal year 2024Revenue569.2 +36.0%Operating income144.4Net income108.6 +148.1%EPS, diluted15.34 +146.2%Fiscal year 2025Revenue730.2 +28.3%Operating income104.3Net income113.8 +4.7%EPS, diluted15.39 +0.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 207.3 274.8 348.3 409.2 288.7 274.2 311.9 418.6 569.2 730.2
Growth +32.6% +26.7% +17.5% −29.4% −5.0% +13.8% +34.2% +36.0% +28.3%
Operating income 22.1 28.9 52.5 80.3 14.7 8.3 9.9 64.2 144.4 104.3
Net income 14.1 62.2 43.2 66.9 9.7 3.4 5.4 43.8 108.6 113.8
Growth +341.8% −30.4% +54.8% −85.4% −65.6% +62.3% +704.9% +148.1% +4.7%
EPS, diluted 2.05 9.69 6.60 10.50 1.05 0.00 0.33 6.23 15.34 15.39
Growth +372.7% −31.9% +59.1% −90.0% −100.0% +1,787.9% +146.2% +0.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin10.7%Net margin6.8%Free cash flow margin43.7%Fiscal year 2017Operating margin10.5%Net margin22.6%Free cash flow margin46.0%Fiscal year 2018Operating margin15.1%Net margin12.4%Free cash flow margin53.2%Fiscal year 2019Operating margin19.6%Net margin16.4%Free cash flow margin54.7%Fiscal year 2020Operating margin5.1%Net margin3.4%Free cash flow margin31.3%Fiscal year 2021Operating margin3.0%Net margin1.2%Free cash flow margin32.3%Fiscal year 2022Operating margin3.2%Net margin1.7%Free cash flow margin44.2%Fiscal year 2023Operating margin15.3%Net margin10.5%Free cash flow margin53.7%Fiscal year 2024Operating margin25.4%Net margin19.1%Free cash flow margin47.2%Fiscal year 2025Operating margin14.3%Net margin15.6%Free cash flow margin34.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 10.7% 10.5% 15.1% 19.6% 5.1% 3.0% 3.2% 15.3% 25.4% 14.3%
Net margin 6.8% 22.6% 12.4% 16.4% 3.4% 1.2% 1.7% 10.5% 19.1% 15.6%
Free cash flow margin 43.7% 46.0% 53.2% 54.7% 31.3% 32.3% 44.2% 53.7% 47.2% 34.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow91.6Capital expenditure−1.0Free cash flow90.6Buybacks−29.0Fiscal year 2017Operating cash flow137.1Capital expenditure−10.8Free cash flow126.3 +39.5%Buybacks−3.5Fiscal year 2018Operating cash flow188.7Capital expenditure−3.5Free cash flow185.2 +46.6%Buybacks−16.1Fiscal year 2019Operating cash flow230.3Capital expenditure−6.3Free cash flow224.0 +20.9%Buybacks−3.6Fiscal year 2020Operating cash flow93.4Capital expenditure−3.0Free cash flow90.5 −59.6%Buybacks−1.5Fiscal year 2021Operating cash flow90.7Capital expenditure−2.2Free cash flow88.5 −2.2%Buybacks−10.1Fiscal year 2022Operating cash flow144.4Capital expenditure−6.6Free cash flow137.8 +55.7%Buybacks−5.2Fiscal year 2023Operating cash flow229.7Capital expenditure−5.1Free cash flow224.6 +63.0%Buybacks−9.4Dividends paid0.0Fiscal year 2024Operating cash flow284.4Capital expenditure−15.6Free cash flow268.8 +19.7%Buybacks0.0Dividends paid−10.7Fiscal year 2025Operating cash flow283.2Capital expenditure−31.1Free cash flow252.2 −6.2%Buybacks−3.8Dividends paid−8.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 91.6 137.1 188.7 230.3 93.4 90.7 144.4 229.7 284.4 283.2
Capital expenditure −1.0 −10.8 −3.5 −6.3 −3.0 −2.2 −6.6 −5.1 −15.6 −31.1
Free cash flow 90.6 126.3 185.2 224.0 90.5 88.5 137.8 224.6 268.8 252.2
Growth +39.5% +46.6% +20.9% −59.6% −2.2% +55.7% +63.0% +19.7% −6.2%
Buybacks −29.0 −3.5 −16.1 −3.6 −1.5 −10.1 −5.2 −9.4 0.0 −3.8
Dividends paid n/a n/a n/a n/a n/a n/a n/a 0.0 −10.7 −8.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash10.1Total debt900.3Net cash (debt)−890.2Shareholders’ equity196.3Debt to equity4.59Fiscal year 2017Cash7.1Total debt1,085.4Net cash (debt)−1,078.4Shareholders’ equity258.9Debt to equity4.19Fiscal year 2018Cash11.7Total debt1,337.3Net cash (debt)−1,325.7Shareholders’ equity286.8Debt to equity4.66Fiscal year 2019Cash6.7Total debt1,251.0Net cash (debt)−1,244.3Shareholders’ equity350.3Debt to equity3.57Fiscal year 2020Cash42.5Total debt1,693.8Net cash (debt)−1,651.2Shareholders’ equity364.0Debt to equity4.65Fiscal year 2021Cash14.3Total debt1,790.3Net cash (debt)−1,775.9Shareholders’ equity375.9Debt to equity4.76Fiscal year 2022Cash12.1Total debt1,847.3Net cash (debt)−1,835.1Shareholders’ equity404.7Debt to equity4.56Fiscal year 2023Cash7.1Total debt1,802.9Net cash (debt)−1,795.8Shareholders’ equity439.0Debt to equity4.11Fiscal year 2024Cash9.1Total debt2,264.6Net cash (debt)−2,255.4Shareholders’ equity549.3Debt to equity4.12Fiscal year 2025Cash16.4Total debt2,700.3Net cash (debt)−2,683.9Shareholders’ equity662.1Debt to equity4.08
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 10.1 7.1 11.7 6.7 42.5 14.3 12.1 7.1 9.1 16.4
Total debt 900.3 1,085.4 1,337.3 1,251.0 1,693.8 1,790.3 1,847.3 1,802.9 2,264.6 2,700.3
Net cash (debt) −890.2 −1,078.4 −1,325.7 −1,244.3 −1,651.2 −1,775.9 −1,835.1 −1,795.8 −2,255.4 −2,683.9
Shareholders’ equity 196.3 258.9 286.8 350.3 364.0 375.9 404.7 439.0 549.3 662.1
Debt to equity 4.59 4.19 4.66 3.57 4.65 4.76 4.56 4.11 4.12 4.08

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
10.7% 10.5% 15.1% 19.6% 5.1% 3.0% 3.2% 15.3% 25.4% 14.3%
11.6% 13.1% 16.2% 21.7% 6.0% 3.3% 3.1% 16.0% 26.8% 22.0%
6.8% 22.6% 12.4% 16.4% 3.4% 1.2% 1.7% 10.5% 19.1% 15.6%
43.7% 46.0% 53.2% 54.7% 31.3% 32.3% 44.2% 53.7% 47.2% 34.5%
Spending
23.1% 20.3% 20.7% 21.1% 23.5% 27.5% 29.7% 27.7% 25.8% 26.7%
0.5% 3.9% 1.0% 1.5% 1.0% 0.8% 2.1% 1.2% 2.7% 4.3%
41.2% −72.6% 23.2% 24.7% 43.8% 63.3% 44.5% 34.8% 28.8% 29.2%
Returns
7.2% 24.0% 15.1% 19.1% 2.7% 0.9% 1.3% 10.0% 19.8% 17.2%
1.1% 3.9% 2.2% 3.4% 0.4% 0.1% 0.2% 1.7% 3.3% 2.9%
Balance and payout
4.59 4.19 4.66 3.57 4.65 4.76 4.56 4.11 4.12 4.08
83.9% 80.8% 82.6% 79.4% 82.5% 82.7% 82.3% 81.6% 81.4% 81.6%
n/a n/a n/a n/a n/a n/a n/a 0.0% 9.9% 7.7%
32.0% 2.8% 8.7% 1.6% 1.7% 11.4% 3.8% 4.2% 4.0% 5.0%