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Willis Lease Finance (WLFC) Financials

Willis Lease Finance logo
$139.08 -2.83 (-1.99%)
Closing price 06/20/2025 04:00 PM Eastern
Extended Trading
$139.23 +0.15 (+0.11%)
As of 06/20/2025 04:11 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Willis Lease Finance

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

Quarterly Income Statements for Willis Lease Finance

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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders
5.55 14 3.57 13 14 10 20 42 23 20 15
Consolidated Net Income / (Loss)
6.39 14 4.39 14 15 11 21 43 24 21 17
Net Income / (Loss) Continuing Operations
6.39 14 -1.85 14 15 17 21 43 24 21 17
Total Pre-Tax Income
8.36 18 6.84 19 20 21 30 58 34 30 25
Total Operating Income
8.74 -0.15 20 19 20 4.64 27 54 34 29 24
Total Gross Profit
75 71 71 94 89 100 105 135 126 136 131
Total Revenue
77 88 83 109 106 121 119 151 146 153 158
Operating Revenue
77 88 83 109 106 121 119 151 146 153 158
Total Cost of Revenue
2.14 17 13 15 16 21 14 16 20 17 27
Operating Cost of Revenue
2.14 17 13 15 16 21 14 16 20 17 27
Total Operating Expenses
66 71 50 75 69 95 78 81 92 106 107
Selling, General & Admin Expense
27 17 28 32 27 30 32 35 40 42 48
Depreciation Expense
22 23 23 22 23 23 22 22 24 24 25
Other Operating Expenses / (Income)
16 - - 19 19 - 23 25 28 29 32
Impairment Charge
0.65 - 0.00 1.67 0.72 2.01 0.26 0.00 0.61 10 2.11
Total Other Income / (Expense), net
-0.38 18 -20 -0.47 0.35 23 2.67 3.83 0.76 0.99 1.35
Interest & Investment Income
-0.38 1.47 -1.16 -0.47 0.35 4.20 2.67 3.83 0.76 0.99 1.35
Income Tax Expense
1.97 3.86 2.44 5.15 5.73 10 9.02 15 10 9.33 8.39
Preferred Stock Dividends Declared
0.84 0.84 0.82 0.83 0.84 0.92 0.91 0.92 0.96 1.44 1.39
Basic Earnings per Share
$0.91 $2.31 $0.58 $2.04 $2.16 $1.62 $3.12 $6.34 $3.51 $3.00 $2.34
Weighted Average Basic Shares Outstanding
6.09M 6.07M 6.12M 6.35M 6.37M 6.31M 6.39M 6.57M 6.58M 6.54M 6.61M
Diluted Earnings per Share
$0.89 $2.33 $0.55 $2.02 $2.13 $1.53 $3.00 $6.21 $3.37 $2.76 $2.21
Weighted Average Diluted Shares Outstanding
6.27M 6.30M 6.46M 6.44M 6.47M 6.48M 6.66M 6.71M 6.86M 6.80M 7M
Weighted Average Basic & Diluted Shares Outstanding
6.10M 6.12M 6.35M 6.37M 6.37M 6.39M 6.57M 6.58M 6.60M 6.61M 6.90M
Cash Dividends to Common per Share
- - - - - - - $1.00 $0.25 - $0.25

Annual Cash Flow Statements for Willis Lease Finance

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

Quarterly Cash Flow Statements for Willis Lease Finance

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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents
7.55 7.63 -25 -9.49 0.62 112 -74 54 -43 27 17
Net Cash From Operating Activities
25 62 52 47 70 61 60 70 87 68 41
Net Cash From Continuing Operating Activities
25 62 52 47 70 61 60 70 87 68 41
Net Income / (Loss) Continuing Operations
6.39 14 4.39 14 15 11 21 43 24 21 17
Consolidated Net Income / (Loss)
6.39 14 4.39 14 15 11 21 43 24 21 17
Depreciation Expense
22 23 23 22 23 23 22 22 24 24 25
Amortization Expense
1.27 1.38 1.33 1.40 1.40 -4.13 0.00 2.87 4.04 -6.48 0.92
Non-Cash Adjustments To Reconcile Net Income
5.14 3.51 22 12 19 18 0.66 17 7.29 8.91 17
Changes in Operating Assets and Liabilities, net
-10 20 1.35 -2.79 13 13 16 -14 28 20 -18
Net Cash From Investing Activities
-135 -50 -64 -39 -29 39 -64 -211 -180 -310 14
Net Cash From Continuing Investing Activities
-135 -50 -64 -39 -29 39 -64 -211 -180 -310 14
Purchase of Property, Plant & Equipment
-142 -67 -57 -58 -32 -22 -63 -260 -168 -355 -37
Acquisitions
- - - - - - 0.00 - - - -1.60
Sale of Property, Plant & Equipment
5.70 16 7.58 16 1.58 60 4.71 65 48 53 48
Sale and/or Maturity of Investments
0.81 1.05 0.79 0.93 1.05 1.38 1.62 2.15 3.01 3.80 4.35
Other Investing Activities, net
- - -15 2.19 - - -6.90 -19 -63 -12 0.00
Net Cash From Financing Activities
118 -3.90 -12 -17 -41 12 -70 195 50 269 -38
Net Cash From Continuing Financing Activities
118 -3.90 -12 -17 -41 12 -70 195 50 269 -38
Repayment of Debt
-41 -68 -53 -78 -91 -443 -139 -78 -120 -503 -170
Payment of Dividends
-0.81 -0.84 -0.82 -0.80 -0.82 -0.80 -0.92 -8.04 -3.36 -1.87 -3.47
Issuance of Debt
160 65 42 67 51 466 70 287 162 787 135
Issuance of Common Equity
0.17 - 0.18 - 0.10 -0.00 0.18 -0.00 0.09 0.00 0.13
Cash Interest Paid
15 17 23 24 8.22 21 23 24 26 27 31
Cash Income Taxes Paid
1.02 0.34 0.18 0.14 -0.14 0.32 -0.64 6.42 0.05 1.26 -0.03

Annual Balance Sheets for Willis Lease Finance

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
1,262 1,294 1,338 1,603 1,935 290 2,365 2,463 2,575 2,652 3,297
Total Current Assets
74 56 49 66 105 64 107 14 136 227 171
Cash & Equivalents
13 9.73 10 7.05 12 6.72 43 14 12 7.07 9.11
Restricted Cash
51 33 22 40 70 57 36 - 77 161 123
Accounts Receivable
8.91 14 16 19 23 - 28 - 47 58 38
Plant, Property, & Equipment, net
1,084 1,129 1,153 1,369 1,701 32 1,918 31 35 2,150 48
Total Noncurrent Assets
104 108 136 169 129 195 339 2,417 2,404 276 3,078
Noncurrent Note & Lease Receivables
- - - - 0.24 38 159 115 88 101 205
Goodwill
- - - - - - - 1.19 1.13 1.04 2.93
Other Noncurrent Operating Assets
102 108 133 167 127 155 179 2,301 2,315 173 2,870
Total Liabilities & Shareholders' Equity
1,262 1,294 1,338 1,603 1,935 1,941 2,365 2,463 2,575 2,652 3,297
Total Liabilities
1,045 1,085 1,122 1,295 1,599 1,541 1,951 2,037 2,121 2,163 2,685
Total Current Liabilities
22 22 18 22 43 46 27 27 43 53 76
Accounts Payable
22 22 18 22 43 46 27 27 43 53 76
Total Noncurrent Liabilities
1,023 1,063 1,104 1,273 1,556 1,495 1,924 2,010 2,078 2,110 2,609
Long-Term Debt
841 866 900 1,085 1,337 1,251 1,694 1,790 1,847 1,803 2,265
Asset Retirement Reserve & Litigation Obligation
66 71 72 76 95 107 82 66 59 92 98
Noncurrent Deferred Revenue
4.34 5.09 5.82 8.10 5.46 6.12 12 10 18 44 38
Noncurrent Deferred & Payable Income Tax Liabilities
91 96 105 78 90 110 117 124 133 148 185
Other Noncurrent Operating Liabilities
21 25 21 25 28 21 20 19 20 24 23
Redeemable Noncontrolling Interest
- - 20 49 50 50 50 50 50 50 63
Total Equity & Noncontrolling Interests
217 209 196 259 287 350 364 376 405 439 549
Total Preferred & Common Equity
217 209 196 259 287 350 364 376 405 439 549
Total Common Equity
217 209 196 259 287 350 364 376 405 439 549
Common Stock
42 29 2.58 2.38 0.06 4.62 14 15 20 30 51
Retained Earnings
175 181 195 256 287 349 355 355 357 398 491
Accumulated Other Comprehensive Income / (Loss)
- -0.52 -1.05 0.23 0.10 -3.25 -5.12 5.03 27 11 6.90

Quarterly Balance Sheets for Willis Lease Finance

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 Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets
2,396 2,542 2,587 2,604 2,602 2,674 2,922 3,044 3,275
Total Current Assets
53 131 9.82 107 102 156 202 142 191
Cash & Equivalents
13 12 9.82 5.92 5.37 7.62 5.04 5.79 32
Restricted Cash
- 69 - 49 50 87 143 99 117
Accounts Receivable
40 50 - 52 46 62 54 37 42
Plant, Property, & Equipment, net
33 35 36 2,199 2,208 36 36 36 2,652
Total Noncurrent Assets
2,310 2,377 2,541 298 292 2,483 2,684 2,865 432
Noncurrent Note & Lease Receivables
83 82 96 101 100 2,261 2,440 199 197
Goodwill
- - - - 1.09 1.03 5.43 4.18 1.60
Other Noncurrent Operating Assets
2,219 2,286 2,444 196 192 221 239 2,663 234
Total Liabilities & Shareholders' Equity
2,396 2,542 2,587 2,604 2,602 2,674 2,922 3,044 3,275
Total Liabilities
1,972 2,103 2,131 2,137 2,120 2,163 2,379 2,463 2,646
Total Current Liabilities
154 160 42 42 43 103 89 120 57
Accounts Payable
26 29 42 42 43 103 89 120 57
Total Noncurrent Liabilities
1,818 1,943 2,089 2,095 2,077 2,059 2,290 2,343 2,589
Long-Term Debt
1,732 1,852 1,837 1,827 1,788 1,736 1,947 1,990 2,232
Asset Retirement Reserve & Litigation Obligation
57 58 70 74 85 100 105 108 104
Noncurrent Deferred Revenue
11 13 28 34 38 42 40 39 38
Noncurrent Deferred & Payable Income Tax Liabilities
- - 133 138 143 156 170 178 191
Other Noncurrent Operating Liabilities
18 20 22 23 23 27 29 27 24
Redeemable Noncontrolling Interest
50 50 50 50 50 50 50 63 63
Total Equity & Noncontrolling Interests
375 389 406 417 432 462 492 518 565
Total Preferred & Common Equity
375 389 406 417 432 462 492 518 565
Total Common Equity
375 389 406 417 432 462 492 518 565
Common Stock
15 18 24 22 26 34 32 41 58
Retained Earnings
338 344 361 374 388 418 452 474 505
Accumulated Other Comprehensive Income / (Loss)
22 28 21 21 18 10 8.40 3.05 2.36

Annual Metrics And Ratios for Willis Lease Finance

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

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

Quarterly Metrics And Ratios for Willis Lease Finance

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

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

Key Financial Trends

Analysis of Willis Lease Finance Corp’s Q1 2025 results against prior periods reveals mixed trends across revenue growth, profitability, cash flows and leverage.

  • Revenue surged 32.5% year-over-year in Q1’25 to $157.7 M, marking continued top-line strength.
  • Capital expenditures in Q1’25 dropped to $10.9 M from $58.5 M a year ago, easing investment cash outflows.
  • Book value per share rose to $85.60 in Q1’25, up from $72.23 in Q1’24, reflecting equity growth.
  • Dividend yield increased to 1.11% in Q1’25 versus 0.72% in Q4’24, enhancing shareholder returns.
  • Enterprise value/EBITDA fell to 13.30x in Q1’25 from 14.87x in Q4’24, indicating slightly more attractive valuation.
  • Free cash flow to firm improved sequentially by 9.7% but remained negative at –$542 M in Q1’25.
  • Price-to-book and price-to-earnings multiples eased from Q4 levels, trading at 1.85x P/B and 10.45x P/E.
  • Net cash from operating activities slipped to $41.0 M in Q1’25 from $67.97 M in Q4’24, signaling variability in operating cash generation.
  • Gross margin narrowed to 82.96% in Q1’25 from 88.85% in Q4’24, pressuring profitability.
  • Operating margin compressed to 15.15% in Q1’25 compared with 19.24% in Q4’24, reflecting rising costs.
06/22/25 08:32 AMAI Generated. May Contain Errors.

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's 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%.



This page (NASDAQ:WLFC) was last updated on 6/22/2025 by MarketBeat.com Staff
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