Willis Lease Finance (WLFC) Financials

$135.35 +3.49 (+2.65%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$134.30 -1.04 (-0.77%)

As of 05/30/2025 04:21 PM Eastern

Annual Income Statements for Willis Lease Finance

This table shows Willis Lease Finance's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	104	40	2.11	0.02	6.41	64	40	60	14	6.46	7.18
Consolidated Net Income / (Loss)	109	44	5.44	3.35	9.75	67	43	62	14	6.46	7.18
Net Income / (Loss) Continuing Operations	109	44	5.44	3.35	9.75	67	43	62	14	6.46	7.18
Total Pre-Tax Income	153	67	9.79	9.14	17	89	56	36	24	13	12
Total Operating Income	144	64	9.86	76	15	38	52	78	63	49	47
Total Gross Profit	500	354	277	265	265	292	276	224	187	171	154
Total Revenue	569	419	312	274	289	300	348	275	207	198	174
Operating Revenue	569	419	312	274	289	300	348	275	207	198	174
Total Cost of Revenue	70	64	35	9.38	23	8.12	72	51	20	27	20
Operating Cost of Revenue	70	64	35	9.38	23	8.12	72	51	20	27	20
Total Operating Expenses	355	290	267	188	251	254	224	147	124	121	107
Selling, General & Admin Expense	147	116	93	90	68	149	72	56	48	43	36
Depreciation Expense	92	91	88	91	95	86	77	66	66	69	65
Other Operating Expenses / (Income)	105	79	64	-	68	-	64	-	-	-	-
Impairment Charge	11	4.40	22	7.72	21	18	11	25	9.51	9.18	5.60
Total Other Income / (Expense), net	8.25	2.91	-0.06	-67	2.64	50	3.80	-42	-39	-37	-36
Interest & Investment Income	8.25	2.91	-0.06	0.80	2.64	8.58	3.80	7.16	1.81	1.18	1.33
Income Tax Expense	44	23	4.35	5.79	7.59	22	13	-26	9.88	6.32	4.56
Preferred Stock Dividends Declared	4.23	3.41	3.33	3.33	3.34	3.33	3.33	1.86	0.29	-	-
Basic Earnings per Share	$15.97	$6.40	$0.35	$0.00	$1.07	$10.90	$6.75	$9.93	$2.10	$0.83	$0.91
Weighted Average Basic Shares Outstanding	6.54M	6.31M	6.07M	6.11M	5.96M	5.84M	5.92M	6.07M	6.57M	7.82M	7.92M
Diluted Earnings per Share	$15.34	$6.23	$0.33	$0.00	$1.05	$10.50	$6.60	$9.69	$2.05	$0.81	$0.88
Weighted Average Diluted Shares Outstanding	6.80M	6.48M	6.30M	6.35M	6.13M	6.06M	6.05M	6.22M	6.71M	7.99M	8.14M
Weighted Average Basic & Diluted Shares Outstanding	6.61M	6.39M	6.12M	5.94M	6.00M	5.86M	5.79M	6.42M	6.60M	7.80M	7.90M
Cash Dividends to Common per Share	$1.50	-	-	-	-	-	-	-	-	-	-

This table shows Willis Lease Finance's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	15	20	23	42	20	10	14	13	3.57	14	5.55
Consolidated Net Income / (Loss)	17	21	24	43	21	11	15	14	4.39	14	6.39
Net Income / (Loss) Continuing Operations	17	21	24	43	21	17	15	14	-1.85	14	6.39
Total Pre-Tax Income	25	30	34	58	30	21	20	19	6.84	18	8.36
Total Operating Income	24	29	34	54	27	4.64	20	19	20	-0.15	8.74
Total Gross Profit	131	136	126	135	103	100	89	94	71	71	75
Total Revenue	158	153	146	151	119	121	106	109	83	88	77
Operating Revenue	158	153	146	151	119	121	106	109	83	88	77
Total Cost of Revenue	27	17	20	16	17	21	16	15	13	17	2.14
Operating Cost of Revenue	27	17	20	16	17	21	16	15	13	17	2.14
Total Operating Expenses	107	106	92	81	75	95	69	75	50	71	66
Selling, General & Admin Expense	48	42	40	35	30	30	27	32	28	17	27
Depreciation Expense	25	24	24	22	22	23	23	22	23	23	22
Other Operating Expenses / (Income)	32	29	28	25	23	-	19	19	-	-	16
Impairment Charge	2.11	10	0.61	0.00	0.26	2.01	0.72	1.67	0.00	-	0.65
Total Other Income / (Expense), net	1.35	0.99	0.76	3.83	2.67	23	0.35	-0.47	-20	18	-0.38
Interest & Investment Income	1.35	0.99	0.76	3.83	2.67	4.20	0.35	-0.47	-1.16	1.47	-0.38
Income Tax Expense	8.39	9.33	10	15	9.02	10	5.73	5.15	2.44	3.86	1.97
Preferred Stock Dividends Declared	1.39	1.44	0.96	0.92	0.91	0.92	0.84	0.83	0.82	0.84	0.84
Basic Earnings per Share	$2.34	$3.00	$3.51	$6.34	$3.12	$1.62	$2.16	$2.04	$0.58	$2.31	$0.91
Weighted Average Basic Shares Outstanding	6.61M	6.54M	6.58M	6.57M	6.39M	6.31M	6.37M	6.35M	6.12M	6.07M	6.09M
Diluted Earnings per Share	$2.21	$2.76	$3.37	$6.21	$3.00	$1.53	$2.13	$2.02	$0.55	$2.33	$0.89
Weighted Average Diluted Shares Outstanding	7M	6.80M	6.86M	6.71M	6.66M	6.48M	6.47M	6.44M	6.46M	6.30M	6.27M
Weighted Average Basic & Diluted Shares Outstanding	6.90M	6.61M	6.60M	6.58M	6.57M	6.39M	6.37M	6.37M	6.35M	6.12M	6.10M
Cash Dividends to Common per Share	$0.25	-	$0.25	$1.00	-	-	-	-	-	-	-

This table details how cash moves in and out of Willis Lease Finance's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-36	79	-6.63	17	15	-18	6.93	15	-10	-22	0.69
Net Cash From Operating Activities	284	230	144	91	93	230	189	137	92	98	63
Net Cash From Continuing Operating Activities	284	230	145	91	93	230	161	137	92	98	63
Net Income / (Loss) Continuing Operations	109	44	5.44	3.35	9.75	67	43	62	14	6.46	7.18
Consolidated Net Income / (Loss)	109	44	5.44	3.35	9.75	67	43	62	14	6.46	7.18
Depreciation Expense	92	91	88	91	95	86	77	66	66	69	65
Amortization Expense	2.75	0.00	5.32	5.02	5.14	6.36	6.40	5.18	4.27	4.31	3.82
Non-Cash Adjustments To Reconcile Net Income	31	71	33	-12	10	24	6.78	28	8.67	7.99	-16
Changes in Operating Assets and Liabilities, net	50	24	13	4.02	-26	47	28	-24	-1.71	9.62	2.32
Net Cash From Investing Activities	-765	-93	-194	-148	-507	-147	-380	-326	-123	-140	-109
Net Cash From Continuing Investing Activities	-765	-93	-194	-148	-507	-147	-380	-326	-123	-140	-109
Purchase of Property, Plant & Equipment	-846	-169	-293	-208	-2.98	-296	-445	-384	-175	-179	-133
Sale of Property, Plant & Equipment	171	85	110	96	35	192	64	44	63	42	44
Sale and/or Maturity of Investments	11	4.15	3.97	8.40	7.63	4.95	0.00	-	-	1.30	0.85
Other Investing Activities, net	-101	-13	-15	-44	-546	-43	0.00	15	-5.53	-3.04	-2.73
Net Cash From Financing Activities	445	-58	43	74	428	-101	226	203	21	20	47
Net Cash From Continuing Financing Activities	445	-58	43	74	428	-101	226	203	21	20	47
Repayment of Debt	-840	-665	-229	-422	-539	-431	-513	-504	-118	-154	-106
Repurchase of Common Equity	-12	-9.43	-5.25	-10	-1.51	-3.57	-16	-3.55	-29	-17	-5.35
Payment of Dividends	-14	-3.24	-3.27	-3.25	-3.26	-3.25	-3.35	-1.31	-	-	-
Issuance of Debt	1,306	626	284	514	973	340	759	686	149	193	154
Issuance of Preferred Equity	13	0.00	-	-	-	-	-	30	20	-	-
Issuance of Common Equity	0.26	0.27	0.34	0.19	0.43	0.34	0.25	0.18	0.16	0.52	0.41
Other Financing Activities, net	-8.24	-5.79	-3.66	-4.97	-1.16	-3.57	-1.29	-3.36	-0.91	-3.16	3.32
Cash Interest Paid	101	77	64	64	54	64	59	43	37	36	33
Cash Income Taxes Paid	7.09	0.51	2.24	1.41	0.51	0.22	1.07	0.44	0.46	0.35	0.21

This table details how cash moves in and out of Willis Lease Finance's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	17	27	-43	54	-74	112	0.62	-9.49	-25	7.63	7.55
Net Cash From Operating Activities	41	68	87	70	60	61	70	47	52	62	25
Net Cash From Continuing Operating Activities	41	68	87	70	60	61	70	47	52	62	25
Net Income / (Loss) Continuing Operations	17	21	24	43	21	11	15	14	4.39	14	6.39
Consolidated Net Income / (Loss)	17	21	24	43	21	11	15	14	4.39	14	6.39
Depreciation Expense	25	24	24	22	22	23	23	22	23	23	22
Amortization Expense	0.92	-6.48	4.04	2.87	2.31	-4.13	1.40	1.40	1.33	1.38	1.27
Non-Cash Adjustments To Reconcile Net Income	17	8.91	7.29	17	-1.65	18	19	12	22	3.51	5.14
Changes in Operating Assets and Liabilities, net	-18	20	28	-14	16	13	13	-2.79	1.35	20	-10
Net Cash From Investing Activities	14	-310	-180	-211	-64	39	-29	-39	-64	-50	-135
Net Cash From Continuing Investing Activities	14	-310	-180	-211	-64	39	-29	-39	-64	-50	-135
Purchase of Property, Plant & Equipment	-37	-355	-168	-260	-63	-22	-32	-58	-57	-67	-142
Acquisitions	-1.60	-	-	-	-	-	-	-	-	-	-
Sale of Property, Plant & Equipment	48	53	48	65	4.71	60	1.58	16	7.58	16	5.70
Sale and/or Maturity of Investments	4.35	3.80	3.01	2.15	1.62	1.38	1.05	0.93	0.79	1.05	0.81
Other Investing Activities, net	0.00	-12	-63	-19	-6.90	-	-	2.19	-15	-	-
Net Cash From Financing Activities	-38	269	50	195	-70	12	-41	-17	-12	-3.90	118
Net Cash From Continuing Financing Activities	-38	269	50	195	-70	12	-41	-17	-12	-3.90	118
Repayment of Debt	-170	-503	-120	-78	-139	-443	-91	-78	-53	-68	-41
Payment of Dividends	-3.47	-1.87	-3.36	-8.04	-0.92	-0.80	-0.82	-0.80	-0.82	-0.84	-0.81
Issuance of Debt	135	787	162	287	70	466	51	67	42	65	160
Issuance of Common Equity	0.13	0.00	0.09	-0.00	0.18	-0.00	0.10	-	0.18	-	0.17
Cash Interest Paid	31	27	26	24	23	21	8.22	24	23	17	15
Cash Income Taxes Paid	-0.03	1.26	0.05	6.42	-0.64	0.32	-0.14	0.14	0.18	0.34	1.02

This table presents Willis Lease Finance's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	3,297	2,652	2,575	2,463	2,365	290	1,935	1,603	1,338	1,294	1,262
Total Current Assets	171	227	136	14	107	64	105	66	49	56	74
Cash & Equivalents	9.11	7.07	12	14	43	6.72	12	7.05	10	9.73	13
Restricted Cash	123	161	77	-	36	57	70	40	22	33	51
Accounts Receivable	38	58	47	-	28	-	23	19	16	14	8.91
Plant, Property, & Equipment, net	2,684	2,150	35	31	1,918	32	1,701	1,369	1,153	1,129	1,084
Total Noncurrent Assets	442	276	2,404	2,417	339	195	129	169	136	108	104
Noncurrent Note & Lease Receivables	205	101	88	115	159	38	0.24	-	-	-	-
Goodwill	2.93	1.04	1.13	1.19	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	234	173	2,315	2,301	179	155	127	167	133	108	102
Total Liabilities & Shareholders' Equity	3,297	2,652	2,575	2,463	2,365	1,941	1,935	1,603	1,338	1,294	1,262
Total Liabilities	2,685	2,163	2,121	2,037	1,951	1,541	1,599	1,295	1,122	1,085	1,045
Total Current Liabilities	76	53	43	27	27	46	43	22	18	22	22
Accounts Payable	76	53	43	27	27	46	43	22	18	22	22
Total Noncurrent Liabilities	2,609	2,110	2,078	2,010	1,924	1,495	1,556	1,273	1,104	1,063	1,023
Long-Term Debt	2,265	1,803	1,847	1,790	1,694	1,251	1,337	1,085	900	866	841
Asset Retirement Reserve & Litigation Obligation	98	92	59	66	82	107	95	76	72	71	66
Noncurrent Deferred Revenue	38	44	18	10	12	6.12	5.46	8.10	5.82	5.09	4.34
Noncurrent Deferred & Payable Income Tax Liabilities	185	148	133	124	117	110	90	78	105	96	91
Other Noncurrent Operating Liabilities	23	24	20	19	20	21	28	25	21	25	21
Redeemable Noncontrolling Interest	63	50	50	50	50	50	50	49	20	-	-
Total Equity & Noncontrolling Interests	549	439	405	376	364	350	287	259	196	209	217
Total Preferred & Common Equity	549	439	405	376	364	350	287	259	196	209	217
Total Common Equity	549	439	405	376	364	350	287	259	196	209	217
Common Stock	51	30	20	15	14	4.62	0.06	2.38	2.58	29	42
Retained Earnings	491	398	357	355	355	349	287	256	195	181	175
Accumulated Other Comprehensive Income / (Loss)	6.90	11	27	5.03	-5.12	-3.25	0.10	0.23	-1.05	-0.52	-

This table presents Willis Lease Finance's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,275	3,044	2,922	2,674	2,602	2,604	2,587	2,542
Total Current Assets	191	142	202	156	102	107	9.82	131
Cash & Equivalents	32	5.79	5.04	7.62	5.37	5.92	9.82	12
Restricted Cash	117	99	143	87	50	49	-	69
Accounts Receivable	42	37	54	62	46	52	-	50
Plant, Property, & Equipment, net	2,652	36	36	36	2,208	2,199	36	35
Total Noncurrent Assets	432	2,865	2,684	2,483	292	298	2,541	2,377
Noncurrent Note & Lease Receivables	197	199	2,440	2,261	100	101	96	82
Goodwill	1.60	4.18	5.43	1.03	1.09	-	-	-
Other Noncurrent Operating Assets	234	2,663	239	221	192	196	2,444	2,286
Total Liabilities & Shareholders' Equity	3,275	3,044	2,922	2,674	2,602	2,604	2,587	2,542
Total Liabilities	2,646	2,463	2,379	2,163	2,120	2,137	2,131	2,103
Total Current Liabilities	57	120	89	103	43	42	42	160
Accounts Payable	57	120	89	103	43	42	42	29
Total Noncurrent Liabilities	2,589	2,343	2,290	2,059	2,077	2,095	2,089	1,943
Long-Term Debt	2,232	1,990	1,947	1,736	1,788	1,827	1,837	1,852
Asset Retirement Reserve & Litigation Obligation	104	108	105	100	85	74	70	58
Noncurrent Deferred Revenue	38	39	40	42	38	34	28	13
Noncurrent Deferred & Payable Income Tax Liabilities	191	178	170	156	143	138	133	-
Other Noncurrent Operating Liabilities	24	27	29	27	23	23	22	20
Redeemable Noncontrolling Interest	63	63	50	50	50	50	50	50
Total Equity & Noncontrolling Interests	565	518	492	462	432	417	406	389
Total Preferred & Common Equity	565	518	492	462	432	417	406	389
Total Common Equity	565	518	492	462	432	417	406	389
Common Stock	58	41	32	34	26	22	24	18
Retained Earnings	505	474	452	418	388	374	361	344
Accumulated Other Comprehensive Income / (Loss)	2.36	3.05	8.40	10	18	21	21	28

This table displays calculated financial ratios and metrics derived from Willis Lease Finance's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	36.00%	34.18%	13.76%	-5.02%	-3.82%	-13.83%	26.75%	32.60%	4.65%	13.79%	9.88%
EBITDA Growth	54.44%	50.00%	-39.81%	50.25%	-52.35%	76.88%	-8.80%	11.06%	8.74%	5.65%	66.08%
EBIT Growth	124.84%	551.67%	-87.09%	419.43%	-90.03%	180.92%	-32.36%	22.33%	28.21%	4.19%	510.66%
NOPAT Growth	145.30%	665.23%	-80.45%	238.78%	-71.43%	-28.25%	-69.89%	259.38%	48.96%	-13.85%	170.08%
Net Income Growth	148.08%	704.95%	62.26%	-65.61%	-85.43%	54.80%	-30.45%	341.81%	117.79%	-10.03%	-54.05%
EPS Growth	146.23%	1,787.88%	0.00%	-100.00%	-90.00%	59.09%	-31.89%	372.68%	153.09%	-7.95%	-53.44%
Operating Cash Flow Growth	23.80%	59.07%	59.31%	-2.98%	-59.43%	22.06%	37.59%	49.73%	-6.35%	55.83%	-21.84%
Free Cash Flow Firm Growth	-495.58%	2,381.04%	96.04%	93.04%	-223.73%	921.73%	-59.30%	-813.20%	2.68%	47.18%	52.75%
Invested Capital Growth	29.23%	-4.02%	0.51%	8.53%	3,289.37%	-104.00%	18.22%	24.22%	4.97%	3.98%	6.03%
Revenue Q/Q Growth	6.01%	8.38%	4.97%	-6.19%	63.50%	-31.63%	18.75%	2.89%	0.86%	6.66%	-3.26%
EBITDA Q/Q Growth	7.94%	-0.45%	-40.93%	139.15%	60.32%	8.40%	-16.37%	4.62%	1.40%	40.04%	32.74%
EBIT Q/Q Growth	20.69%	8.06%	-88.07%	404.08%	151.71%	13.45%	-37.32%	8.19%	3.02%	248.69%	128.77%
NOPAT Q/Q Growth	24.88%	-3.86%	-90.53%	259.31%	153.56%	-71.49%	-73.27%	215.34%	10.71%	193.77%	128.19%
Net Income Q/Q Growth	10.26%	-7.19%	175.94%	361.06%	-44.73%	-16.39%	-36.26%	180.55%	4.53%	60.74%	-48.99%
EPS Q/Q Growth	8.72%	-11.38%	117.93%	100.00%	-54.94%	-17.26%	-36.84%	188.39%	6.77%	58.82%	-48.84%
Operating Cash Flow Q/Q Growth	2.60%	-0.47%	38.00%	15.40%	-34.64%	-5.60%	34.18%	-0.61%	-4.41%	16.84%	-7.59%
Free Cash Flow Firm Q/Q Growth	-205.42%	307.98%	-107.68%	67.91%	-816.82%	2,100.34%	24.76%	-225.16%	-153.61%	86.43%	-2,669.33%
Invested Capital Q/Q Growth	11.29%	-4.09%	0.46%	-0.82%	13.63%	-104.04%	2.79%	19.66%	3.90%	-0.32%	7.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	87.77%	84.60%	88.70%	96.58%	91.93%	97.29%	79.28%	81.60%	90.21%	86.24%	88.62%
EBITDA Margin	42.09%	37.07%	33.16%	62.67%	39.62%	79.96%	38.95%	54.13%	64.63%	62.20%	66.99%
Operating Margin	25.37%	15.34%	3.16%	27.84%	5.09%	12.80%	15.06%	28.22%	30.59%	24.97%	27.27%
EBIT Margin	25.37%	15.34%	3.16%	27.84%	5.09%	49.11%	15.06%	28.22%	30.59%	24.97%	27.27%
Profit (Net Income) Margin	19.08%	10.46%	1.74%	1.22%	3.38%	22.30%	12.41%	22.62%	6.79%	3.26%	4.13%
Tax Burden Percent	71.15%	65.22%	55.54%	36.67%	56.23%	75.29%	76.82%	172.61%	58.75%	50.57%	61.16%
Interest Burden Percent	105.71%	104.53%	99.37%	11.98%	117.98%	60.29%	107.24%	46.42%	37.76%	25.83%	24.73%
Effective Tax Rate	28.85%	34.78%	44.46%	63.33%	43.77%	24.71%	23.18%	-72.61%	41.25%	49.43%	38.84%
Return on Invested Capital (ROIC)	4.22%	1.93%	0.25%	1.32%	0.84%	3.79%	2.74%	11.02%	3.52%	2.47%	3.01%
ROIC Less NNEP Spread (ROIC-NNEP)	4.53%	2.04%	0.25%	-0.13%	1.10%	13.38%	3.00%	3.49%	0.78%	0.15%	0.10%
Return on Net Nonoperating Assets (RNNOA)	15.50%	7.35%	0.99%	-0.52%	1.56%	14.39%	10.67%	12.69%	3.10%	0.56%	0.33%
Return on Equity (ROE)	19.72%	9.28%	1.24%	0.80%	2.40%	18.18%	13.41%	23.71%	6.62%	3.03%	3.34%
Cash Return on Invested Capital (CROIC)	-21.28%	6.04%	-0.26%	-6.86%	-102.73%	0.00%	-13.95%	-10.59%	-1.33%	-1.43%	-2.84%
Operating Return on Assets (OROA)	4.85%	2.46%	0.39%	3.16%	1.11%	13.25%	2.97%	5.27%	4.82%	3.87%	3.86%
Return on Assets (ROA)	3.65%	1.68%	0.22%	0.14%	0.73%	6.02%	2.44%	4.23%	1.07%	0.51%	0.58%
Return on Common Equity (ROCE)	17.70%	8.30%	1.10%	0.70%	2.10%	15.73%	11.35%	20.58%	6.31%	3.03%	3.34%
Return on Equity Simple (ROE_SIMPLE)	19.77%	9.97%	1.34%	0.89%	2.68%	19.10%	15.07%	24.01%	7.17%	3.09%	3.31%
Net Operating Profit after Tax (NOPAT)	103	42	5.47	28	8.26	29	40	134	37	25	29
NOPAT Margin	18.05%	10.01%	1.75%	10.21%	2.86%	9.64%	11.57%	48.72%	17.98%	12.63%	16.68%
Net Nonoperating Expense Percent (NNEP)	-0.31%	-0.11%	0.00%	1.45%	-0.26%	-9.60%	-0.25%	7.53%	2.74%	2.32%	2.91%
Return On Investment Capital (ROIC_SIMPLE)	3.65%	1.87%	-	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	12.23%	15.40%	11.30%	3.42%	8.07%	2.71%	20.72%	18.40%	9.79%	13.76%	11.38%
SG&A Expenses to Revenue	25.78%	27.65%	29.66%	32.92%	23.52%	49.70%	20.68%	20.28%	23.05%	21.58%	20.60%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	62.40%	69.25%	85.54%	68.74%	86.84%	84.50%	64.22%	53.37%	59.62%	61.27%	61.34%
Earnings before Interest and Taxes (EBIT)	144	64	9.86	76	15	147	52	78	63	49	47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	240	155	103	172	114	240	136	149	134	123	117
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.49	0.69	0.87	0.60	0.49	0.97	0.74	0.61	0.83	0.78	0.83
Price to Tangible Book Value (P/TBV)	2.51	0.70	0.88	0.60	0.49	0.97	0.74	0.61	0.84	0.78	0.84
Price to Revenue (P/Rev)	2.40	0.73	1.13	0.82	0.62	1.13	0.61	0.57	0.79	0.82	1.04
Price to Earnings (P/E)	13.11	7.55	167.84	12,480.23	27.90	5.32	5.29	2.61	11.83	25.15	25.21
Dividend Yield	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.63%	13.24%	0.60%	0.01%	3.58%	18.79%	18.91%	38.31%	8.45%	3.98%	3.97%
Enterprise Value to Invested Capital (EV/IC)	1.30	0.94	0.98	0.93	0.91	0.00	0.95	0.92	0.97	0.95	0.96
Enterprise Value to Revenue (EV/Rev)	6.26	4.75	6.93	7.48	6.38	5.25	4.35	4.53	5.07	4.98	5.50
Enterprise Value to EBITDA (EV/EBITDA)	14.87	12.82	20.90	11.93	16.12	6.56	11.17	8.37	7.84	8.00	8.21
Enterprise Value to EBIT (EV/EBIT)	24.68	30.98	219.33	26.86	125.44	10.69	28.89	16.05	16.57	19.93	20.16
Enterprise Value to NOPAT (EV/NOPAT)	34.69	47.51	394.90	73.25	223.09	54.47	37.60	9.30	28.20	39.41	32.97
Enterprise Value to Operating Cash Flow (EV/OCF)	12.53	8.66	14.97	22.62	19.73	6.84	8.03	9.08	11.47	10.08	15.25
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	15.20	0.00	0.00	0.00	0.94	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.70	3.69	4.06	4.21	4.09	3.13	3.98	3.52	4.17	4.14	3.88
Long-Term Debt to Equity	3.70	3.69	4.06	4.21	4.09	3.13	3.98	3.52	4.17	4.14	3.88
Financial Leverage	3.42	3.60	4.01	4.04	1.41	1.08	3.56	3.63	3.98	3.75	3.49
Leverage Ratio	5.40	5.54	5.72	5.75	3.26	3.02	5.49	5.61	6.19	6.00	5.73
Compound Leverage Factor	5.71	5.79	5.69	0.69	3.85	1.82	5.89	2.60	2.34	1.55	1.42
Debt to Total Capital	78.71%	78.67%	80.25%	80.79%	80.37%	75.77%	79.90%	77.87%	80.65%	80.54%	79.50%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	78.71%	78.67%	80.25%	80.79%	80.37%	75.77%	79.90%	77.87%	80.65%	80.54%	79.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.19%	2.18%	2.17%	2.25%	2.36%	3.01%	2.96%	3.55%	1.77%	0.00%	0.00%
Common Equity to Total Capital	19.09%	19.15%	17.58%	16.96%	17.27%	21.22%	17.14%	18.58%	17.58%	19.46%	20.50%
Debt to EBITDA	9.45	11.62	17.86	10.42	14.81	5.21	9.86	7.30	6.72	7.03	7.21
Net Debt to EBITDA	8.90	10.54	17.00	10.33	14.12	4.95	9.25	6.98	6.48	6.68	6.66
Long-Term Debt to EBITDA	9.45	11.62	17.86	10.42	14.81	5.21	9.86	7.30	6.72	7.03	7.21
Debt to NOPAT	22.04	43.04	337.50	63.96	205.00	43.25	33.18	8.11	24.16	34.63	28.96
Net Debt to NOPAT	20.75	39.03	321.24	63.45	195.44	41.05	31.14	7.75	23.29	32.92	26.73
Long-Term Debt to NOPAT	22.04	43.04	337.50	63.96	205.00	43.25	33.18	8.11	24.16	34.63	28.96
Altman Z-Score	0.87	0.61	0.47	0.48	0.45	4.61	0.59	0.66	0.63	0.60	0.61
Noncontrolling Interest Sharing Ratio	10.27%	10.58%	11.33%	11.86%	12.21%	13.47%	15.36%	13.20%	4.65%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.25	4.28	3.16	0.53	3.97	1.39	2.45	3.00	2.75	2.60	3.41
Quick Ratio	0.62	1.24	1.37	0.53	2.62	0.15	0.81	1.17	1.49	1.08	1.04
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-518	131	-5.74	-145	-2,084	1,684	-205	-129	-14	-14	-27
Operating Cash Flow to CapEx	42.14%	274.41%	78.89%	80.98%	0.00%	221.83%	49.59%	40.28%	81.67%	71.31%	70.36%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-2.13	0.00	25.10	0.00	-2.64	-0.34	-0.38	-0.74
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	1.33	0.00	3.43	0.00	2.81	2.22	2.58	1.69
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-0.31	0.00	1.88	0.00	-4.17	-0.50	-1.04	-0.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.19	0.16	0.12	0.11	0.22	0.27	0.20	0.19	0.16	0.16	0.14
Accounts Receivable Turnover	11.76	7.94	0.00	0.00	0.00	0.00	16.54	15.56	13.77	17.58	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.24	0.38	9.36	0.28	0.30	0.35	0.23	0.22	0.18	0.18	0.32
Accounts Payable Turnover	1.08	1.34	1.01	0.35	0.64	0.18	2.22	2.54	1.03	1.26	1.05
Days Sales Outstanding (DSO)	31.03	45.97	0.00	0.00	0.00	0.00	22.07	23.46	26.51	20.77	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	337.97	271.67	361.90	1,047.32	568.97	1,990.54	164.40	143.84	354.97	289.83	349.13
Cash Conversion Cycle (CCC)	-306.94	-225.69	-361.90	-1,047.32	-568.97	-1,990.54	-142.34	-120.38	-328.46	-269.06	-349.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,745	2,124	2,213	2,202	2,029	-64	1,592	1,346	1,084	1,033	993
Invested Capital Turnover	0.23	0.19	0.14	0.13	0.29	0.39	0.24	0.23	0.20	0.20	0.18
Increase / (Decrease) in Invested Capital	621	-89	11	173	2,092	-1,655	245	263	51	39	56
Enterprise Value (EV)	3,564	1,990	2,161	2,050	1,843	1,575	1,516	1,245	1,051	986	957
Market Capitalization	1,369	305	353	225	179	338	211	157	163	162	181
Book Value per Share	$83.19	$68.93	$66.37	$61.86	$60.92	$59.89	$46.19	$40.34	$30.24	$25.42	$25.77
Tangible Book Value per Share	$82.74	$68.77	$66.19	$61.67	$60.71	$59.67	$45.97	$40.07	$29.91	$25.30	$25.63
Total Capital	2,877	2,292	2,302	2,216	2,107	1,651	1,674	1,394	1,116	1,075	1,058
Total Debt	2,265	1,803	1,847	1,790	1,694	1,251	1,337	1,085	900	866	841
Total Long-Term Debt	2,265	1,803	1,847	1,790	1,694	1,251	1,337	1,085	900	866	841
Net Debt	2,132	1,635	1,758	1,776	1,615	1,187	1,255	1,038	868	823	776
Capital Expenditures (CapEx)	675	84	183	112	-32	104	380	340	112	137	89
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-38	5.55	3.91	-27	1.29	-46	-20	-3.22	-1.31	-8.04	-13
Debt-free Net Working Capital (DFNWC)	95	174	93	-13	80	18	62	44	31	35	52
Net Working Capital (NWC)	95	174	93	-13	80	18	62	44	31	35	52
Net Nonoperating Expense (NNE)	-5.87	-1.90	0.03	25	-1.49	-38	-2.92	72	23	19	22
Net Nonoperating Obligations (NNO)	2,132	1,635	1,758	1,776	1,615	-464	1,255	1,038	868	823	776
Total Depreciation and Amortization (D&A)	95	91	94	96	100	93	83	71	71	74	69
Debt-free, Cash-free Net Working Capital to Revenue	-6.62%	1.33%	1.25%	-9.80%	0.45%	-15.21%	-5.65%	-1.17%	-0.63%	-4.06%	-7.30%
Debt-free Net Working Capital to Revenue	16.66%	41.47%	29.79%	-4.57%	27.79%	6.00%	17.88%	16.05%	14.99%	17.53%	29.90%
Net Working Capital to Revenue	16.66%	41.47%	29.79%	-4.57%	27.79%	6.00%	17.88%	16.05%	14.99%	17.53%	29.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$15.97	$6.40	$0.35	$0.00	$1.07	$10.90	$6.75	$9.93	$2.10	$0.94	$0.92
Adjusted Weighted Average Basic Shares Outstanding	6.54M	6.31M	6.07M	6.11M	5.96M	5.84M	5.92M	6.07M	6.57M	7.81M	7.92M
Adjusted Diluted Earnings per Share	$15.34	$6.23	$0.33	$0.00	$1.05	$10.50	$6.60	$9.69	$2.05	$0.92	$0.89
Adjusted Weighted Average Diluted Shares Outstanding	6.80M	6.48M	6.30M	6.35M	6.13M	6.06M	6.05M	6.22M	6.71M	7.98M	8.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$10.90	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	6.61M	6.39M	6.12M	5.94M	6.00M	5.86M	5.79M	6.42M	6.40M	7.62M	8.33M
Normalized Net Operating Profit after Tax (NOPAT)	111	45	18	59	20	43	48	72	43	30	32
Normalized NOPAT Margin	19.45%	10.69%	5.65%	21.45%	6.86%	14.21%	13.92%	26.11%	20.67%	14.97%	18.65%
Pre Tax Income Margin	26.82%	16.04%	3.14%	3.33%	6.01%	29.61%	16.15%	13.10%	11.55%	6.45%	6.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	1.12	0.00	2.20	0.00	1.59	1.54	1.31	1.28
NOPAT to Interest Expense	0.00	0.00	0.00	0.41	0.00	0.43	0.00	2.75	0.90	0.66	0.78
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-0.52	0.00	0.65	0.00	-5.40	-1.18	-2.32	-1.13
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-1.24	0.00	-1.12	0.00	-4.24	-1.81	-2.96	-1.62
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.06%	7.40%	60.08%	96.99%	33.43%	4.86%	7.74%	2.11%	0.00%	0.00%	0.00%
Augmented Payout Ratio	23.72%	28.94%	156.52%	397.88%	48.92%	10.19%	45.07%	7.81%	205.83%	255.42%	74.54%

This table displays calculated financial ratios and metrics derived from Willis Lease Finance's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	32.46%	26.78%	38.28%	38.65%	42.97%	36.74%	37.53%	39.60%	21.03%	20.13%	5.00%
EBITDA Growth	0.28%	102.00%	38.00%	82.58%	18.16%	-2.92%	38.71%	33.51%	195.52%	-74.91%	11.91%
EBIT Growth	-12.18%	533.58%	68.54%	178.15%	35.13%	3,172.85%	128.73%	104.98%	344.98%	-100.21%	43.68%
NOPAT Growth	-15.98%	741.09%	64.01%	180.86%	46.79%	2,135.65%	115.03%	176.82%	324.92%	-100.62%	132.51%
Net Income Growth	-19.17%	92.29%	64.84%	208.24%	374.94%	-23.64%	128.80%	133.85%	120.73%	723.36%	121.53%
EPS Growth	-26.33%	80.39%	58.22%	207.43%	445.45%	-34.33%	139.33%	149.38%	114.86%	1,356.25%	178.13%
Operating Cash Flow Growth	-31.45%	11.87%	23.11%	49.79%	15.34%	-1.75%	184.04%	58.32%	83.16%	180.14%	-3.68%
Free Cash Flow Firm Growth	-464.16%	-756.26%	-7,971.56%	29.35%	186.03%	907.22%	-87.72%	-148.61%	-1,114.28%	92.63%	105.47%
Invested Capital Growth	25.92%	29.23%	11.38%	4.56%	-5.69%	-4.02%	0.52%	4.79%	8.87%	0.51%	-0.76%
Revenue Q/Q Growth	3.23%	4.50%	-3.24%	26.90%	-1.20%	13.98%	-2.98%	30.86%	-5.51%	14.64%	-1.52%
EBITDA Q/Q Growth	5.88%	-23.32%	-22.40%	52.11%	76.58%	-47.62%	2.67%	-1.56%	83.35%	-25.15%	-1.17%
EBIT Q/Q Growth	-18.69%	-12.78%	-37.68%	98.68%	486.59%	-76.80%	2.86%	-3.48%	13,439.07%	-101.73%	-7.82%
NOPAT Q/Q Growth	-21.63%	-13.55%	-40.75%	109.31%	684.47%	-83.14%	1.47%	9.40%	10,978.66%	-101.78%	30.63%
Net Income Q/Q Growth	-19.90%	-12.60%	-43.42%	104.06%	90.53%	-25.07%	5.80%	214.43%	-69.36%	124.50%	8.14%
EPS Q/Q Growth	-19.93%	-18.10%	-45.73%	107.00%	96.08%	-28.17%	5.45%	267.27%	-76.39%	161.80%	9.88%
Operating Cash Flow Q/Q Growth	-39.66%	-21.69%	24.29%	16.71%	-1.53%	-13.81%	51.22%	-10.13%	-16.12%	149.18%	-15.71%
Free Cash Flow Firm Q/Q Growth	9.70%	-162.96%	-266.03%	-141.90%	62.73%	3,054.14%	103.29%	48.98%	-1,426.89%	-147.97%	-86.99%
Invested Capital Q/Q Growth	-1.21%	11.29%	5.33%	8.74%	1.38%	-4.09%	-1.11%	-1.92%	3.17%	0.46%	3.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	82.96%	88.85%	86.04%	89.66%	86.12%	82.75%	84.54%	86.63%	84.67%	80.70%	97.22%
EBITDA Margin	31.60%	30.81%	41.99%	52.36%	43.68%	19.34%	42.07%	39.76%	52.85%	27.24%	41.71%
Operating Margin	15.15%	19.24%	23.05%	35.78%	22.86%	3.85%	18.91%	17.84%	24.18%	-0.17%	11.37%
EBIT Margin	15.15%	19.24%	23.05%	35.78%	22.86%	3.85%	18.91%	17.84%	24.18%	-0.17%	11.37%
Profit (Net Income) Margin	10.69%	13.78%	16.48%	28.18%	17.52%	9.09%	13.82%	12.68%	5.28%	16.27%	8.31%
Tax Burden Percent	66.80%	69.30%	69.92%	73.55%	69.81%	52.20%	71.85%	72.84%	64.27%	78.80%	76.43%
Interest Burden Percent	105.65%	103.37%	102.24%	107.07%	109.82%	452.18%	101.73%	97.56%	33.94%	-12,053.64%	95.61%
Effective Tax Rate	33.20%	30.70%	30.08%	26.45%	30.19%	47.80%	28.15%	27.16%	35.73%	21.20%	23.57%
Return on Invested Capital (ROIC)	2.53%	3.12%	3.70%	5.71%	3.27%	0.39%	2.38%	2.12%	2.32%	-0.02%	1.17%
ROIC Less NNEP Spread (ROIC-NNEP)	2.58%	3.15%	3.73%	5.86%	3.38%	0.89%	2.39%	2.10%	1.83%	0.80%	1.15%
Return on Net Nonoperating Assets (RNNOA)	8.42%	10.79%	12.69%	20.74%	12.10%	3.20%	9.07%	8.21%	7.31%	3.21%	4.77%
Return on Equity (ROE)	10.95%	13.91%	16.39%	26.44%	15.37%	3.59%	11.45%	10.33%	9.62%	3.19%	5.94%
Cash Return on Invested Capital (CROIC)	-18.85%	-21.28%	-7.25%	-1.27%	8.00%	6.04%	1.45%	-3.04%	-7.27%	-0.26%	3.38%
Operating Return on Assets (OROA)	3.10%	3.68%	4.38%	6.43%	3.95%	0.62%	2.84%	2.55%	3.15%	-0.02%	1.34%
Return on Assets (ROA)	2.19%	2.64%	3.13%	5.06%	3.03%	1.46%	2.08%	1.81%	0.69%	2.01%	0.98%
Return on Common Equity (ROCE)	9.86%	12.48%	14.64%	23.83%	13.78%	3.21%	10.21%	9.18%	8.53%	2.83%	5.25%
Return on Equity Simple (ROE_SIMPLE)	18.50%	0.00%	19.03%	18.08%	13.05%	0.00%	10.92%	9.33%	7.64%	0.00%	-1.84%
Net Operating Profit after Tax (NOPAT)	16	20	24	40	19	2.42	14	14	13	-0.12	6.68
NOPAT Margin	10.12%	13.33%	16.12%	26.32%	15.96%	2.01%	13.59%	12.99%	15.54%	-0.14%	8.69%
Net Nonoperating Expense Percent (NNEP)	-0.05%	-0.04%	-0.03%	-0.16%	-0.11%	-0.50%	-0.01%	0.02%	0.49%	-0.82%	0.02%
Return On Investment Capital (ROIC_SIMPLE)	0.57%	0.72%	-	-	-	0.11%	-	-	-	-	-
Cost of Revenue to Revenue	17.04%	11.15%	13.96%	10.34%	13.88%	17.25%	15.46%	13.37%	15.33%	19.30%	2.78%
SG&A Expenses to Revenue	30.25%	27.78%	27.38%	22.95%	24.84%	24.59%	25.10%	29.11%	33.41%	18.88%	35.10%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	67.80%	69.61%	62.99%	53.88%	63.26%	78.90%	65.63%	68.79%	60.49%	80.87%	85.85%
Earnings before Interest and Taxes (EBIT)	24	29	34	54	27	4.64	20	19	20	-0.15	8.74
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	50	47	61	79	52	23	44	43	44	24	32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.85	2.49	1.89	0.92	0.67	0.69	0.61	0.59	0.81	0.87	0.50
Price to Tangible Book Value (P/TBV)	1.85	2.51	1.91	0.93	0.68	0.70	0.61	0.59	0.81	0.88	0.50
Price to Revenue (P/Rev)	1.72	2.40	1.82	0.91	0.69	0.73	0.68	0.68	1.01	1.13	0.66
Price to Earnings (P/E)	10.45	13.11	10.32	5.32	5.49	7.55	6.03	6.86	11.89	167.84	0.00
Dividend Yield	1.11%	0.72%	0.84%	1.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	9.57%	7.63%	9.69%	18.81%	18.22%	13.24%	16.58%	14.59%	8.41%	0.60%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.18	1.30	1.19	0.98	0.93	0.94	0.92	0.92	0.97	0.98	0.91
Enterprise Value to Revenue (EV/Rev)	5.25	6.26	5.45	4.64	4.41	4.75	5.30	5.78	6.76	6.93	6.76
Enterprise Value to EBITDA (EV/EBITDA)	13.30	14.87	13.19	11.23	11.83	12.82	13.13	14.40	16.65	20.90	11.48
Enterprise Value to EBIT (EV/EBIT)	22.61	24.68	24.46	21.74	28.09	30.98	34.44	42.89	57.73	219.33	24.33
Enterprise Value to NOPAT (EV/NOPAT)	31.98	34.69	35.57	31.53	42.04	47.51	46.98	57.67	82.51	394.90	34.76
Enterprise Value to Operating Cash Flow (EV/OCF)	12.01	12.53	10.56	8.83	8.43	8.66	8.87	11.16	13.14	14.97	19.20
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	11.28	15.20	63.77	0.00	0.00	0.00	26.88
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.55	3.70	3.43	3.59	3.39	3.69	3.71	3.91	4.03	4.06	4.22
Long-Term Debt to Equity	3.55	3.70	3.43	3.59	3.39	3.69	3.71	3.91	4.03	4.06	4.22
Financial Leverage	3.27	3.42	3.40	3.54	3.58	3.60	3.80	3.91	4.00	4.01	4.14
Leverage Ratio	5.22	5.40	5.31	5.47	5.44	5.54	5.58	5.61	5.72	5.72	5.86
Compound Leverage Factor	5.51	5.58	5.43	5.86	5.97	25.05	5.68	5.47	1.94	-689.88	5.61
Debt to Total Capital	78.02%	78.71%	77.41%	78.21%	77.23%	78.67%	78.77%	79.64%	80.12%	80.25%	80.83%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	78.02%	78.71%	77.41%	78.21%	77.23%	78.67%	78.77%	79.64%	80.12%	80.25%	80.83%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.21%	2.19%	2.45%	2.01%	2.22%	2.18%	2.20%	2.18%	2.18%	2.17%	2.18%
Common Equity to Total Capital	19.77%	19.09%	20.14%	19.78%	20.55%	19.15%	19.03%	18.18%	17.71%	17.58%	17.00%
Debt to EBITDA	9.31	9.45	8.97	9.49	10.25	11.62	11.47	12.74	13.86	17.86	10.58
Net Debt to EBITDA	8.69	8.90	8.49	8.77	9.70	10.54	11.12	12.35	13.78	17.00	10.07
Long-Term Debt to EBITDA	9.31	9.45	8.97	9.49	10.25	11.62	11.47	12.74	13.86	17.86	10.58
Debt to NOPAT	22.38	22.04	24.19	26.65	36.43	43.04	41.04	51.00	68.69	337.50	32.03
Net Debt to NOPAT	20.88	20.75	22.91	24.63	34.46	39.03	39.77	49.46	68.32	321.24	30.50
Long-Term Debt to NOPAT	22.38	22.04	24.19	26.65	36.43	43.04	41.04	51.00	68.69	337.50	32.03
Altman Z-Score	0.71	0.75	0.68	0.61	0.53	0.54	0.48	0.46	0.43	0.46	0.36
Noncontrolling Interest Sharing Ratio	9.92%	10.27%	10.63%	9.90%	10.32%	10.58%	10.84%	11.19%	11.38%	11.33%	11.59%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.35	2.25	1.19	2.27	1.51	4.28	2.37	2.56	0.23	3.16	0.82
Quick Ratio	1.30	0.62	0.36	0.66	0.67	1.24	1.20	1.39	0.23	1.37	0.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-542	-600	-228	-62	149	91	2.90	-88	-173	-11	24
Operating Cash Flow to CapEx	0.00%	22.53%	72.31%	35.84%	102.30%	0.00%	233.80%	111.32%	104.42%	120.40%	18.23%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-9.41	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.82	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.12	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.20	0.19	0.19	0.18	0.17	0.16	0.15	0.14	0.13	0.12	0.12
Accounts Receivable Turnover	11.76	11.76	12.88	9.34	0.00	7.94	8.06	7.71	0.00	0.00	6.45
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.45	0.24	0.48	0.44	12.67	0.38	0.34	0.32	0.32	9.36	0.29
Accounts Payable Turnover	1.03	1.08	0.55	0.61	0.54	1.34	1.68	1.37	1.14	1.01	0.54
Days Sales Outstanding (DSO)	31.04	31.03	28.34	39.10	0.00	45.97	45.30	47.36	0.00	0.00	56.59
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	353.66	337.97	669.38	594.49	677.16	271.67	217.87	267.33	320.61	361.90	676.26
Cash Conversion Cycle (CCC)	-322.62	-306.94	-641.04	-555.40	-677.16	-225.69	-172.58	-219.97	-320.61	-361.90	-619.67
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,711	2,745	2,466	2,341	2,153	2,124	2,214	2,239	2,283	2,213	2,203
Invested Capital Turnover	0.25	0.23	0.23	0.22	0.20	0.19	0.17	0.16	0.15	0.14	0.13
Increase / (Decrease) in Invested Capital	558	621	252	102	-130	-89	11	102	186	11	-17
Enterprise Value (EV)	3,189	3,564	2,927	2,303	2,003	1,990	2,047	2,066	2,206	2,161	2,009
Market Capitalization	1,044	1,369	979	454	312	305	264	244	329	353	196
Book Value per Share	$85.60	$83.19	$78.74	$74.92	$72.23	$68.93	$67.84	$65.66	$66.29	$66.37	$63.87
Tangible Book Value per Share	$85.35	$82.74	$78.11	$74.10	$72.07	$68.77	$67.67	$65.49	$66.10	$66.19	$63.68
Total Capital	2,860	2,877	2,571	2,489	2,247	2,292	2,270	2,294	2,293	2,302	2,291
Total Debt	2,232	2,265	1,990	1,947	1,736	1,803	1,788	1,827	1,837	1,847	1,852
Total Long-Term Debt	2,232	2,265	1,990	1,947	1,736	1,803	1,788	1,827	1,837	1,847	1,852
Net Debt	2,083	2,132	1,885	1,799	1,641	1,635	1,732	1,772	1,827	1,758	1,764
Capital Expenditures (CapEx)	-11	302	120	195	58	-38	30	42	50	51	136
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-15	-38	-82	-35	-41	5.55	3.33	10	-42	3.91	-110
Debt-free Net Working Capital (DFNWC)	134	95	23	113	53	174	59	65	-32	93	-29
Net Working Capital (NWC)	134	95	23	113	53	174	59	65	-32	93	-29
Net Nonoperating Expense (NNE)	-0.90	-0.69	-0.53	-2.81	-1.87	-8.53	-0.25	0.35	8.55	-14	0.29
Net Nonoperating Obligations (NNO)	2,083	2,132	1,885	1,799	1,641	1,635	1,732	1,772	1,827	1,758	1,764
Total Depreciation and Amortization (D&A)	26	18	28	25	25	19	24	24	24	24	23
Debt-free, Cash-free Net Working Capital to Revenue	-2.53%	-6.62%	-15.36%	-7.06%	-9.13%	1.33%	0.86%	2.89%	-12.89%	1.25%	-37.10%
Debt-free Net Working Capital to Revenue	22.00%	16.66%	4.22%	22.73%	11.62%	41.47%	15.27%	18.29%	-9.88%	29.79%	-9.71%
Net Working Capital to Revenue	22.00%	16.66%	4.22%	22.73%	11.62%	41.47%	15.27%	18.29%	-9.88%	29.79%	-9.71%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.34	$3.00	$3.51	$6.34	$3.12	$1.62	$2.16	$2.04	$0.58	$2.31	$0.91
Adjusted Weighted Average Basic Shares Outstanding	6.61M	6.54M	6.58M	6.57M	6.39M	6.31M	6.37M	6.35M	6.12M	6.07M	6.09M
Adjusted Diluted Earnings per Share	$2.21	$2.76	$3.37	$6.21	$3.00	$1.53	$2.13	$2.02	$0.55	$2.33	$0.89
Adjusted Weighted Average Diluted Shares Outstanding	7M	6.80M	6.86M	6.71M	6.66M	6.48M	6.47M	6.44M	6.46M	6.30M	6.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	6.90M	6.61M	6.60M	6.58M	6.57M	6.39M	6.37M	6.37M	6.35M	6.12M	6.10M
Normalized Net Operating Profit after Tax (NOPAT)	17	28	24	40	19	3.47	15	15	13	-0.12	7.18
Normalized NOPAT Margin	11.02%	18.03%	16.41%	26.32%	16.11%	2.88%	14.08%	14.11%	15.54%	-0.14%	9.34%
Pre Tax Income Margin	16.01%	19.89%	23.57%	38.32%	25.10%	17.41%	19.24%	17.40%	8.21%	20.65%	10.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.10	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.70	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.61	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.99%	13.06%	13.31%	11.88%	5.55%	7.40%	6.95%	8.39%	10.53%	60.08%	-45.39%
Augmented Payout Ratio	15.99%	23.72%	13.31%	11.88%	5.55%	28.94%	6.95%	8.39%	10.53%	156.52%	-187.99%

Frequently Asked Questions About Willis Lease Finance's Financials

When does Willis Lease Finance's fiscal year end?

According to the most recent income statement we have on file, Willis Lease Finance's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Willis Lease Finance's net income changed over the last 10 years?

Willis Lease Finance's net income appears to be on an upward trend, with a most recent value of $108.61 million in 2024, rising from $7.18 million in 2014. The previous period was $43.78 million in 2023.

What is Willis Lease Finance's operating income?

Willis Lease Finance's total operating income in 2024 was $144.40 million, based on the following breakdown:

Total Gross Profit: $499.61 million
Total Operating Expenses: $355.21 million

How has Willis Lease Finance revenue changed over the last 10 years?

Over the last 10 years, Willis Lease Finance's total revenue changed from $174.06 million in 2014 to $569.22 million in 2024, a change of 227.0%.

How much debt does Willis Lease Finance have?

Willis Lease Finance's total liabilities were at $2.68 billion at the end of 2024, a 24.1% increase from 2023, and a 157.0% increase since 2014.

How much cash does Willis Lease Finance have?

In the past 10 years, Willis Lease Finance's cash and equivalents has ranged from $6.72 million in 2019 to $42.54 million in 2020, and is currently $9.11 million as of their latest financial filing in 2024.

How has Willis Lease Finance's book value per share changed over the last 10 years?

Over the last 10 years, Willis Lease Finance's book value per share changed from 25.77 in 2014 to 83.19 in 2024, a change of 222.8%.

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This page (NASDAQ:WLFC) was last updated on 6/1/2025 by MarketBeat.com Staff

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Willis Lease Finance (WLFC) Financials

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Willis Lease Finance (WLFC) Financials

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