What is Willis Lease Finance's operating income?

Willis Lease Finance's total operating income in 2025 was $104.29 million, based on the following breakdown: Total Gross Profit: $670.94 million Total Operating Expenses: $566.65 million

Willis Lease Finance (WLFC) Financials

$57.04 +2.04 (+3.71%)

As of 04:00 PM Eastern

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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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	6.46	14	60	40	64	6.41	0.02	2.11	40	104	108
Consolidated Net Income / (Loss)	6.46	14	62	43	67	9.75	3.35	5.44	44	109	114
Net Income / (Loss) Continuing Operations	6.46	14	62	43	67	9.75	3.35	5.44	44	109	114
Total Pre-Tax Income	13	24	36	56	89	17	9.14	9.79	67	153	161
Total Operating Income	49	63	78	52	38	15	76	9.86	64	144	104
Total Gross Profit	171	187	224	276	292	265	265	277	354	500	671
Total Revenue	198	207	275	348	300	289	274	312	419	569	730
Operating Revenue	198	207	275	348	300	289	274	312	419	569	730
Total Cost of Revenue	27	20	51	72	8.12	23	9.38	35	64	70	59
Operating Cost of Revenue	27	20	51	72	8.12	23	9.38	35	64	70	59
Total Operating Expenses	121	124	147	224	254	251	188	267	290	355	567
Selling, General & Admin Expense	43	48	56	72	149	68	90	93	116	147	287
Depreciation Expense	69	66	66	77	86	95	91	88	91	92	112
Other Operating Expenses / (Income)	-	-	-	64	-	68	-	64	79	105	135
Impairment Charge	9.18	9.51	25	11	18	21	7.72	22	4.40	11	33
Total Other Income / (Expense), net	-37	-39	-42	3.80	50	2.64	-67	-0.06	2.91	8.25	56
Interest & Investment Income	1.18	1.81	7.16	3.80	8.58	2.64	0.80	-0.06	2.91	8.25	13
Other Income / (Expense), net	-	-	-	-	109	-	-	-	-	0.00	43
Income Tax Expense	6.32	9.88	-26	13	22	7.59	5.79	4.35	23	44	47
Preferred Stock Dividends Declared	-	0.29	1.86	3.33	3.33	3.34	3.33	3.33	3.41	4.23	5.69
Basic Earnings per Share	$0.83	$2.10	$9.93	$6.75	$10.90	$1.07	$0.00	$0.35	$6.40	$15.97	$16.00
Weighted Average Basic Shares Outstanding	7.82M	6.57M	6.07M	5.92M	5.84M	5.96M	6.11M	6.07M	6.31M	6.54M	6.75M
Diluted Earnings per Share	$0.81	$2.05	$9.69	$6.60	$10.50	$1.05	$0.00	$0.33	$6.23	$15.34	$15.39
Weighted Average Diluted Shares Outstanding	7.99M	6.71M	6.22M	6.05M	6.06M	6.13M	6.35M	6.30M	6.48M	6.80M	7.02M
Weighted Average Basic & Diluted Shares Outstanding	7.80M	6.60M	6.42M	5.79M	5.86M	6.00M	5.94M	6.12M	6.39M	6.61M	6.79M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	-	$1.50	$1.15

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	10	20	42	23	20	15	59	23	11	24	29
Consolidated Net Income / (Loss)	11	21	43	24	21	17	60	24	12	25	30
Net Income / (Loss) Continuing Operations	17	21	43	24	21	17	60	24	12	25	30
Total Pre-Tax Income	21	30	58	34	30	25	74	43	18	37	38
Total Operating Income	4.64	27	54	34	29	24	28	38	14	34	34
Total Gross Profit	100	105	141	126	136	146	151	170	191	176	174
Total Revenue	121	119	151	146	153	158	196	183	194	194	194
Operating Revenue	121	119	151	146	153	158	196	183	194	194	194
Total Cost of Revenue	21	14	10	20	17	12	44	13	2.80	19	20
Operating Cost of Revenue	21	14	10	20	17	12	44	13	2.80	19	20
Total Operating Expenses	95	78	87	92	106	122	123	132	177	142	140
Selling, General & Admin Expense	30	32	40	40	42	63	50	56	105	71	71
Depreciation Expense	23	22	22	24	24	25	28	29	30	30	29
Other Operating Expenses / (Income)	-	23	25	28	29	32	34	37	32	40	35
Impairment Charge	2.01	0.26	0.00	0.61	10	2.11	11	10	9.18	1.15	4.91
Total Other Income / (Expense), net	23	2.67	3.83	0.76	0.99	1.35	46	5.19	3.74	3.05	4.17
Interest & Investment Income	4.20	2.67	3.83	0.76	0.99	1.35	3.08	5.19	3.74	3.05	4.17
Other Income / (Expense), net	-	-	0.00	0.00	-	-	43	0.00	-	-	0.00
Income Tax Expense	10	9.02	15	10	9.33	8.39	14	19	5.65	12	7.83
Preferred Stock Dividends Declared	0.92	0.91	0.92	0.96	1.44	1.39	1.42	1.44	1.44	1.42	1.42
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	-	-	-	-	0.15
Basic Earnings per Share	$1.62	$3.12	$6.34	$3.51	$3.00	$2.34	$2.89	$3.36	$1.62	$3.49	$1.36
Weighted Average Basic Shares Outstanding	6.31M	6.39M	6.57M	6.58M	6.54M	6.61M	20.37M	6.81M	6.75M	6.78M	21.13M
Diluted Earnings per Share	$1.53	$3.00	$6.21	$3.37	$2.76	$2.21	$2.81	$3.25	$1.50	$3.26	$1.31
Weighted Average Diluted Shares Outstanding	6.48M	6.66M	6.71M	6.86M	6.80M	7M	20.97M	7.03M	7.02M	7.25M	22.01M
Weighted Average Basic & Diluted Shares Outstanding	6.39M	6.57M	6.58M	6.60M	6.61M	6.90M	6.81M	6.81M	6.79M	7.04M	21.14M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	-22	-10	15	6.93	-18	15	17	-6.63	79	-36	414
Net Cash From Operating Activities	98	92	137	189	230	93	91	144	230	284	283
Net Cash From Continuing Operating Activities	98	92	137	161	230	93	91	145	230	284	283
Net Income / (Loss) Continuing Operations	6.46	14	62	43	67	9.75	3.35	5.44	44	109	114
Consolidated Net Income / (Loss)	6.46	14	62	43	67	9.75	3.35	5.44	44	109	114
Depreciation Expense	69	66	66	77	86	95	91	88	91	92	112
Amortization Expense	4.31	4.27	5.18	6.40	6.36	5.14	5.02	5.32	0.00	2.75	1.50
Non-Cash Adjustments To Reconcile Net Income	7.99	8.67	28	6.78	24	10	-12	33	71	31	14
Changes in Operating Assets and Liabilities, net	9.62	-1.71	-24	28	47	-26	4.02	13	24	50	42
Net Cash From Investing Activities	-140	-123	-326	-380	-147	-507	-148	-194	-93	-765	-256
Net Cash From Continuing Investing Activities	-140	-123	-326	-380	-147	-507	-148	-194	-93	-765	-256
Purchase of Property, Plant & Equipment	-179	-175	-384	-445	-296	-2.98	-208	-293	-169	-846	-556
Acquisitions	-0.63	-5.55	-	0.00	-5.71	-	-	-	-	0.00	-9.25
Sale of Property, Plant & Equipment	42	63	44	64	192	35	96	110	85	171	270
Divestitures	-	-	-	-	-	-	-	-	-	0.00	22
Sale and/or Maturity of Investments	1.30	-	-	0.00	4.95	7.63	8.40	3.97	4.15	11	17
Other Investing Activities, net	-3.04	-5.53	15	0.00	-43	-546	-44	-15	-13	-101	0.00
Net Cash From Financing Activities	20	21	203	226	-101	428	74	43	-58	445	388
Net Cash From Continuing Financing Activities	20	21	203	226	-101	428	74	43	-58	445	388
Repayment of Debt	-154	-118	-504	-513	-431	-539	-422	-229	-665	-852	-1,236
Repurchase of Common Equity	-17	-29	-3.55	-16	-3.57	-1.51	-10	-5.25	-9.43	0.00	-3.79
Payment of Dividends	-	-	-1.31	-3.35	-3.25	-3.26	-3.25	-3.27	-3.24	-14	-14
Issuance of Debt	193	149	686	759	340	973	514	284	626	1,306	1,661
Issuance of Preferred Equity	-	20	30	-	-	-	-	-	0.00	13	0.00
Issuance of Common Equity	0.52	0.16	0.18	0.25	0.34	0.43	0.19	0.34	0.27	0.26	0.25
Other Financing Activities, net	-3.16	-0.91	-3.36	-1.29	-3.57	-1.16	-4.97	-3.66	-5.79	-8.24	-19
Cash Interest Paid	36	37	43	59	64	54	64	64	77	101	132
Cash Income Taxes Paid	0.35	0.46	0.44	1.07	0.22	0.51	1.41	2.24	0.51	7.09	3.42

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	112	-74	54	-43	27	17	633	-612	376	-326	-48
Net Cash From Operating Activities	61	60	70	87	68	41	104	64	74	57	78
Net Cash From Continuing Operating Activities	61	60	70	87	68	41	104	64	74	57	78
Net Income / (Loss) Continuing Operations	11	21	43	24	21	17	60	24	12	25	30
Consolidated Net Income / (Loss)	11	21	43	24	21	17	60	24	12	25	30
Depreciation Expense	23	22	22	24	24	25	28	29	30	30	29
Non-Cash Adjustments To Reconcile Net Income	18	0.66	17	7.29	8.91	17	-31	4.38	25	11	-8.90
Changes in Operating Assets and Liabilities, net	13	16	-14	28	20	-18	47	6.52	7.05	-9.25	27
Net Cash From Investing Activities	39	-64	-211	-180	-310	14	-16	-106	-148	80	-158
Net Cash From Continuing Investing Activities	39	-64	-211	-180	-310	14	-16	-106	-148	80	-158
Purchase of Property, Plant & Equipment	-22	-63	-260	-168	-355	-37	-135	-162	-222	-61	-348
Acquisitions	-	0.00	-	-	-	-1.60	-0.18	-1.76	-5.72	-21	-18
Sale of Property, Plant & Equipment	60	4.71	65	48	53	48	94	52	75	143	248
Sale and/or Maturity of Investments	1.38	1.62	2.15	3.01	3.80	4.35	4.23	4.35	3.98	3.24	18
Other Investing Activities, net	-	-6.90	-19	-63	-12	0.00	-	-	-	16	-58
Net Cash From Financing Activities	12	-70	195	50	269	-38	545	-570	450	-463	32
Net Cash From Continuing Financing Activities	12	-70	195	50	269	-38	545	-570	450	-463	32
Repayment of Debt	-443	-139	-78	-120	-503	-170	-149	-720	-197	-583	-616
Payment of Dividends	-0.80	-0.92	-8.04	-3.36	-1.87	-3.47	-3.26	-3.28	-4.43	-4.48	-4.38
Issuance of Debt	466	70	287	162	787	135	716	154	656	127	676
Issuance of Common Equity	-0.00	0.18	-0.00	0.09	0.00	0.13	-0.00	0.12	-	0.22	2.12
Other Financing Activities, net	-0.17	-	-	-1.12	-1.00	0.00	-	-0.02	-0.56	-2.88	-25
Cash Interest Paid	21	23	24	26	27	31	32	38	31	36	29
Cash Income Taxes Paid	0.32	-0.64	6.42	0.05	1.26	-0.03	3.46	0.04	-0.05	-1.11	0.45

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	1,294	1,338	1,603	1,935	290	2,365	2,463	2,575	2,652	3,297	3,936
Total Current Assets	56	49	66	105	64	107	14	136	227	171	583
Cash & Equivalents	9.73	10	7.05	12	6.72	43	14	12	7.07	9.11	16
Restricted Cash	33	22	40	70	57	36	-	77	161	123	531
Accounts Receivable	14	16	19	23	-	28	-	47	58	38	36
Plant, Property, & Equipment, net	1,129	1,153	1,369	1,701	32	1,918	31	35	2,150	2,684	74
Total Noncurrent Assets	108	136	169	129	195	339	2,417	2,404	276	442	3,280
Noncurrent Note & Lease Receivables	-	-	-	0.24	38	159	115	88	101	205	157
Goodwill	-	-	-	-	-	-	1.19	1.13	1.04	2.93	0.27
Other Noncurrent Operating Assets	108	133	167	127	155	179	2,301	2,315	173	234	3,123
Total Liabilities & Shareholders' Equity	1,294	1,338	1,603	1,935	1,941	2,365	2,463	2,575	2,652	3,297	3,936
Total Liabilities	1,085	1,122	1,295	1,599	1,541	1,951	2,037	2,121	2,163	2,685	3,211
Total Current Liabilities	22	18	22	43	46	27	27	43	53	76	106
Accounts Payable	22	18	22	43	46	27	27	43	53	76	106
Total Noncurrent Liabilities	1,063	1,104	1,273	1,556	1,495	1,924	2,010	2,078	2,110	2,609	3,105
Long-Term Debt	866	900	1,085	1,337	1,251	1,694	1,790	1,847	1,803	2,265	2,700
Asset Retirement Reserve & Litigation Obligation	71	72	76	95	107	82	66	59	92	98	116
Noncurrent Deferred Revenue	5.09	5.82	8.10	5.46	6.12	12	10	18	44	38	35
Noncurrent Deferred & Payable Income Tax Liabilities	96	105	78	90	110	117	124	133	148	185	229
Other Noncurrent Operating Liabilities	25	21	25	28	21	20	19	20	24	23	25
Redeemable Noncontrolling Interest	-	20	49	50	50	50	50	50	50	63	63
Total Equity & Noncontrolling Interests	209	196	259	287	350	364	376	405	439	549	662
Total Preferred & Common Equity	209	196	259	287	350	364	376	405	439	549	662
Total Common Equity	209	196	259	287	350	364	376	405	439	549	662
Common Stock	29	2.58	2.38	0.06	4.62	14	15	20	30	51	73
Retained Earnings	181	195	256	287	349	355	355	357	398	491	591
Accumulated Other Comprehensive Income / (Loss)	-0.52	-1.05	0.23	0.10	-3.25	-5.12	5.03	27	11	6.90	-1.39
Noncontrolling Interest	-	-	-	-	-	-	-	-	-	-	0.00

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 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	2,587	2,604	2,602	2,674	2,922	3,044	3,275	3,946	3,421	3,506	3,653
Total Current Assets	9.82	107	102	156	202	142	191	820	213	259	214
Cash & Equivalents	9.82	5.92	5.37	7.62	5.04	5.79	32	37	13	25	11
Restricted Cash	-	49	50	87	143	99	117	745	158	196	161
Accounts Receivable	-	52	46	62	54	37	42	38	42	39	41
Plant, Property, & Equipment, net	36	2,199	2,208	36	36	36	2,652	63	67	76	2,860
Total Noncurrent Assets	2,541	298	292	2,483	2,684	2,865	432	3,064	3,141	3,171	579
Noncurrent Note & Lease Receivables	96	101	100	2,261	2,440	199	197	189	161	2,826	89
Goodwill	-	-	1.09	1.03	5.43	4.18	1.60	0.27	0.27	0.27	8.30
Other Noncurrent Operating Assets	2,444	196	192	221	239	2,663	234	2,875	2,979	344	482
Total Liabilities & Shareholders' Equity	2,587	2,604	2,602	2,674	2,922	3,044	3,275	3,946	3,421	3,506	3,653
Total Liabilities	2,131	2,137	2,120	2,163	2,379	2,463	2,646	3,265	2,708	2,748	2,879
Total Current Liabilities	42	42	43	103	89	120	57	87	80	73	103
Accounts Payable	42	42	43	103	89	120	57	87	80	73	103
Total Noncurrent Liabilities	2,089	2,095	2,077	2,059	2,290	2,343	2,589	3,179	2,628	2,676	2,776
Long-Term Debt	1,837	1,827	1,788	1,736	1,947	1,990	2,232	2,801	2,239	2,254	2,321
Asset Retirement Reserve & Litigation Obligation	70	74	85	100	105	108	104	113	103	125	129
Noncurrent Deferred Revenue	28	34	38	42	40	39	38	37	36	33	35
Noncurrent Deferred & Payable Income Tax Liabilities	133	138	143	156	170	178	191	204	224	240	265
Other Noncurrent Operating Liabilities	22	23	23	27	29	27	24	24	26	24	26
Redeemable Noncontrolling Interest	50	50	50	50	50	63	63	63	63	63	64
Total Equity & Noncontrolling Interests	406	417	432	462	492	518	565	618	650	694	710
Total Preferred & Common Equity	406	417	432	462	492	518	565	618	650	694	709
Total Common Equity	406	417	432	462	492	518	565	618	650	694	709
Common Stock	24	22	26	34	32	41	58	56	67	84	72
Retained Earnings	361	374	388	418	452	474	505	562	583	611	637
Accumulated Other Comprehensive Income / (Loss)	21	21	18	10	8.40	3.05	2.36	-0.26	-0.35	-0.79	0.06
Noncontrolling Interest	-	-	-	-	-	-	-	-	-	-	1.74

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	6,814,154.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	6,814,154.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	15.86
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	25	37	134	40	29	8.26	28	5.47	42	103	74
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	1.87%	3.65%	2.20%
Earnings before Interest and Taxes (EBIT)	49	63	78	52	147	15	76	9.86	64	144	147
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	123	134	149	136	240	114	172	103	155	240	260
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-14	-14	-129	-205	1,684	-2,084	-145	-5.74	131	-518	-61
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,033	1,084	1,346	1,592	-64	2,029	2,202	2,213	2,124	2,745	2,879
Increase / (Decrease) in Invested Capital	39	51	263	245	-1,655	2,092	173	11	-89	621	134
Book Value per Share	$25.42	$30.24	$40.34	$46.19	$59.89	$60.92	$61.86	$66.37	$68.93	$83.19	$97.17
Tangible Book Value per Share	$25.30	$29.91	$40.07	$45.97	$59.67	$60.71	$61.67	$66.19	$68.77	$82.74	$97.13
Total Capital	1,075	1,116	1,394	1,674	1,651	2,107	2,216	2,302	2,292	2,877	3,426
Total Debt	866	900	1,085	1,337	1,251	1,694	1,790	1,847	1,803	2,265	2,700
Total Long-Term Debt	866	900	1,085	1,337	1,251	1,694	1,790	1,847	1,803	2,265	2,700
Net Debt	823	868	1,038	1,255	1,187	1,615	1,776	1,758	1,635	2,132	2,153
Capital Expenditures (CapEx)	137	112	340	380	104	-32	112	183	84	675	286
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.04	-1.31	-3.22	-20	-46	1.29	-27	3.91	5.55	-38	-70
Debt-free Net Working Capital (DFNWC)	35	31	44	62	18	80	-13	93	174	95	477
Net Working Capital (NWC)	35	31	44	62	18	80	-13	93	174	95	477
Net Nonoperating Expense (NNE)	19	23	72	-2.92	-38	-1.49	25	0.03	-1.90	-5.87	-40
Net Nonoperating Obligations (NNO)	823	868	1,038	1,255	-464	1,615	1,776	1,758	1,635	2,132	2,153
Total Depreciation and Amortization (D&A)	74	71	71	83	93	100	96	94	91	95	113
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.94	$2.10	$9.93	$6.75	$10.90	$1.07	$0.00	$0.35	$6.40	$15.97	$16.00
Adjusted Weighted Average Basic Shares Outstanding	7.81M	6.57M	6.07M	5.92M	5.84M	5.96M	6.11M	6.07M	6.31M	6.54M	6.75M
Adjusted Diluted Earnings per Share	$0.92	$2.05	$9.69	$6.60	$10.50	$1.05	$0.00	$0.33	$6.23	$15.34	$15.39
Adjusted Weighted Average Diluted Shares Outstanding	7.98M	6.71M	6.22M	6.05M	6.06M	6.13M	6.35M	6.30M	6.48M	6.80M	7.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$10.90	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	7.62M	6.40M	6.42M	5.79M	5.86M	6.00M	5.94M	6.12M	6.39M	6.61M	6.79M
Normalized Net Operating Profit after Tax (NOPAT)	30	43	72	48	43	20	59	18	45	111	97
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	6,814,154.00	6,786,392.00	7,043,713.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	6,814,154.00	6,786,392.00	21,131,139.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	1.58	3.49	1.36
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	36.74%	42.97%	38.65%	38.28%	26.78%	32.46%	29.37%	25.42%	-	23.21%	-0.76%
EBITDA Growth	-2.92%	18.16%	82.58%	38.00%	102.00%	0.28%	29.86%	13.80%	-	28.34%	-36.54%
EBIT Growth	3,172.85%	35.13%	178.15%	68.54%	533.58%	-12.18%	31.69%	12.82%	-	41.36%	-52.29%
NOPAT Growth	2,135.65%	46.79%	180.86%	64.01%	741.09%	-15.98%	-42.25%	-9.19%	-	44.10%	17.57%
Net Income Growth	-23.64%	374.94%	208.24%	64.84%	92.29%	-19.17%	41.78%	0.95%	-	48.69%	-49.78%
EPS Growth	-34.33%	445.45%	207.43%	58.22%	80.39%	-26.33%	35.75%	-3.56%	-	47.51%	-49.78%
Operating Cash Flow Growth	-1.75%	15.34%	49.79%	23.11%	11.87%	-31.45%	49.20%	-26.39%	-	38.19%	-25.59%
Free Cash Flow Firm Growth	907.22%	186.03%	29.35%	-7,971.56%	-756.26%	-464.16%	-437.21%	-28.98%	-	89.53%	41.43%
Invested Capital Growth	-4.02%	-5.69%	4.56%	11.38%	29.23%	25.92%	15.29%	12.81%	-	2.94%	8.27%
Revenue Q/Q Growth	13.98%	-1.20%	26.90%	-3.24%	4.50%	3.23%	23.95%	-6.20%	-	0.38%	-0.17%
EBITDA Q/Q Growth	-47.62%	76.58%	52.11%	-22.40%	-23.32%	5.88%	99.31%	-32.87%	-	44.02%	-1.44%
EBIT Q/Q Growth	-76.80%	486.59%	98.68%	-37.68%	-12.78%	-18.69%	197.93%	-46.61%	-	139.66%	0.55%
NOPAT Q/Q Growth	-83.14%	684.47%	109.31%	-40.75%	-13.55%	-21.63%	43.86%	-6.82%	-	138.85%	17.37%
Net Income Q/Q Growth	-25.07%	90.53%	104.06%	-43.42%	-12.60%	-19.90%	257.92%	-59.71%	-	105.80%	20.88%
EPS Q/Q Growth	-28.17%	96.08%	107.00%	-45.73%	-18.10%	-19.93%	281.45%	-61.45%	-	117.33%	20.88%
Operating Cash Flow Q/Q Growth	-13.81%	-1.53%	16.71%	24.29%	-21.69%	-39.66%	154.01%	-38.68%	-	-23.58%	36.78%
Free Cash Flow Firm Q/Q Growth	3,054.14%	62.73%	-141.90%	-266.03%	-162.96%	9.70%	38.19%	12.12%	-	54.50%	-245.60%
Invested Capital Q/Q Growth	-4.09%	1.38%	8.74%	5.33%	11.29%	-1.21%	-0.44%	3.06%	-	-3.06%	4.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	82.75%	86.12%	89.66%	86.04%	88.85%	82.96%	91.75%	92.65%	-	90.46%	89.54%
EBITDA Margin	19.34%	43.68%	52.36%	41.99%	30.81%	31.60%	50.82%	36.36%	-	32.91%	32.49%
Operating Margin	3.85%	22.86%	35.78%	23.05%	19.24%	15.15%	14.46%	20.73%	-	17.39%	17.51%
EBIT Margin	3.85%	22.86%	35.78%	23.05%	19.24%	15.15%	36.43%	20.73%	-	17.39%	17.51%
Profit (Net Income) Margin	9.09%	17.52%	28.18%	16.48%	13.78%	10.69%	30.88%	13.26%	-	12.91%	15.63%
Tax Burden Percent	52.20%	69.81%	73.55%	69.92%	69.30%	66.80%	81.26%	56.28%	-	68.09%	79.48%
Interest Burden Percent	452.18%	109.82%	107.07%	102.24%	103.37%	105.65%	104.33%	113.65%	-	109.02%	112.28%
Effective Tax Rate	47.80%	30.19%	26.45%	30.08%	30.70%	33.20%	18.74%	43.72%	-	31.91%	20.52%
Return on Invested Capital (ROIC)	0.39%	3.27%	5.71%	3.70%	3.12%	2.53%	3.04%	3.07%	-	3.30%	3.79%
ROIC Less NNEP Spread (ROIC-NNEP)	0.89%	3.38%	5.86%	3.73%	3.15%	2.58%	5.00%	3.21%	-	3.40%	3.95%
Return on Net Nonoperating Assets (RNNOA)	3.20%	12.10%	20.74%	12.69%	10.79%	8.42%	15.60%	9.82%	-	10.09%	11.31%
Return on Equity (ROE)	3.59%	15.37%	26.44%	16.39%	13.91%	10.95%	18.64%	12.88%	-	13.39%	15.10%
Cash Return on Invested Capital (CROIC)	6.04%	8.00%	-1.27%	-7.25%	-21.28%	-18.85%	-10.80%	-8.81%	-	0.04%	-5.06%
Operating Return on Assets (OROA)	0.62%	3.95%	6.43%	4.38%	3.68%	3.10%	6.92%	4.42%	-	3.93%	3.53%
Return on Assets (ROA)	1.46%	3.03%	5.06%	3.13%	2.64%	2.19%	5.87%	2.83%	-	2.92%	3.15%
Return on Common Equity (ROCE)	3.21%	13.78%	23.83%	14.64%	12.48%	9.86%	16.91%	11.63%	-	12.17%	13.76%
Return on Equity Simple (ROE_SIMPLE)	0.00%	13.05%	18.08%	19.03%	0.00%	18.50%	0.00%	0.00%	-	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	2.42	19	40	24	20	16	23	21	9.63	23	27
NOPAT Margin	2.01%	15.96%	26.32%	16.12%	13.33%	10.12%	11.75%	11.67%	-	11.84%	13.92%
Net Nonoperating Expense Percent (NNEP)	-0.50%	-0.11%	-0.16%	-0.03%	-0.04%	-0.05%	-1.96%	-0.15%	-	-0.10%	-0.16%
Return On Investment Capital (ROIC_SIMPLE)	0.11%	-	-	-	0.72%	0.57%	0.67%	0.74%	0.29%	0.78%	0.89%
Cost of Revenue to Revenue	17.25%	13.88%	10.34%	13.96%	11.15%	17.04%	8.25%	7.35%	-	9.54%	10.46%
SG&A Expenses to Revenue	24.59%	24.84%	22.95%	27.38%	27.78%	30.25%	40.17%	30.47%	-	36.54%	36.42%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Operating Expenses to Revenue	78.90%	63.26%	53.88%	62.99%	69.61%	67.80%	77.29%	71.91%	-	73.07%	72.03%
Earnings before Interest and Taxes (EBIT)	4.64	27	54	34	29	24	71	38	14	34	34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	23	52	79	61	47	50	99	67	44	64	63
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.69	0.67	0.92	1.89	2.49	1.85	1.60	1.44	-	1.66	2.27
Price to Tangible Book Value (P/TBV)	0.70	0.68	0.93	1.91	2.51	1.85	1.60	1.44	-	1.66	2.30
Price to Revenue (P/Rev)	0.73	0.69	0.91	1.82	2.40	1.72	1.51	1.35	-	1.51	2.11
Price to Earnings (P/E)	7.55	5.49	5.32	10.32	13.11	10.45	8.41	7.98	-	9.94	18.73
Dividend Yield	0.00%	0.00%	1.45%	0.84%	0.72%	1.11%	1.40%	0.73%	-	0.76%	1.90%
Earnings Yield	13.24%	18.22%	18.81%	9.69%	7.63%	9.57%	11.89%	12.53%	-	10.06%	5.34%
Enterprise Value to Invested Capital (EV/IC)	0.94	0.93	0.98	1.19	1.30	1.18	1.14	1.10	-	1.17	1.31
Enterprise Value to Revenue (EV/Rev)	4.75	4.41	4.64	5.45	6.26	5.25	4.70	4.45	-	4.24	5.00
Enterprise Value to EBITDA (EV/EBITDA)	12.82	11.83	11.23	13.19	14.87	13.30	13.96	13.46	-	14.05	16.07
Enterprise Value to EBIT (EV/EBIT)	30.98	28.09	21.74	24.46	24.68	22.61	26.61	25.63	-	28.48	31.91
Enterprise Value to NOPAT (EV/NOPAT)	47.51	42.04	31.53	35.57	34.69	31.98	35.74	36.19	-	40.21	47.23
Enterprise Value to Operating Cash Flow (EV/OCF)	8.66	8.43	8.83	10.56	12.53	12.01	10.23	11.06	-	10.88	14.05
Enterprise Value to Free Cash Flow (EV/FCFF)	15.20	11.28	0.00	0.00	0.00	0.00	0.00	0.00	-	2,991.68	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.69	3.39	3.59	3.43	3.70	3.55	4.11	3.14	-	2.97	3.00
Long-Term Debt to Equity	3.69	3.39	3.59	3.43	3.70	3.55	4.11	3.14	-	2.97	3.00
Financial Leverage	3.60	3.58	3.54	3.40	3.42	3.27	3.12	3.05	-	2.97	2.86
Leverage Ratio	5.54	5.44	5.47	5.31	5.40	5.22	5.61	4.99	-	4.89	5.22
Compound Leverage Factor	25.05	5.97	5.86	5.43	5.58	5.51	5.86	5.68	-	5.33	5.86
Debt to Total Capital	78.67%	77.23%	78.21%	77.41%	78.71%	78.02%	80.44%	75.84%	-	74.84%	74.99%
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%
Long-Term Debt to Total Capital	78.67%	77.23%	78.21%	77.41%	78.71%	78.02%	80.44%	75.84%	-	74.84%	74.99%
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%
Noncontrolling Interests to Total Capital	2.18%	2.22%	2.01%	2.45%	2.19%	2.21%	1.82%	2.14%	-	2.11%	2.11%
Common Equity to Total Capital	19.15%	20.55%	19.78%	20.14%	19.09%	19.77%	17.75%	22.02%	-	23.06%	22.90%
Debt to EBITDA	11.62	10.25	9.49	8.97	9.45	9.31	12.75	9.83	-	9.74	9.75
Net Debt to EBITDA	10.54	9.70	8.77	8.49	8.90	8.69	9.19	9.08	-	8.78	9.02
Long-Term Debt to EBITDA	11.62	10.25	9.49	8.97	9.45	9.31	12.75	9.83	-	9.74	9.75
Debt to NOPAT	43.04	36.43	26.65	24.19	22.04	22.38	32.63	26.44	-	27.87	28.65
Net Debt to NOPAT	39.03	34.46	24.63	22.91	20.75	20.88	23.51	24.42	-	25.14	26.53
Long-Term Debt to NOPAT	43.04	36.43	26.65	24.19	22.04	22.38	32.63	26.44	-	27.87	28.65
Altman Z-Score	0.54	0.53	0.61	0.68	0.75	0.71	0.83	0.73	-	0.81	0.86
Noncontrolling Interest Sharing Ratio	10.58%	10.32%	9.90%	10.63%	10.27%	9.92%	9.26%	9.76%	-	9.14%	8.83%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.28	1.51	2.27	1.19	2.25	3.35	9.46	2.68	-	3.57	2.07
Quick Ratio	1.24	0.67	0.66	0.36	0.62	1.30	0.86	0.69	-	0.87	0.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	91	149	-62	-228	-600	-542	-335	-294	-125	-57	-196
Operating Cash Flow to CapEx	0.00%	102.30%	35.84%	72.31%	22.53%	0.00%	253.83%	58.38%	-	0.00%	78.05%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	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	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	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.16	0.17	0.18	0.19	0.19	0.20	0.19	0.21	-	0.23	0.20
Accounts Receivable Turnover	7.94	0.00	9.34	12.88	11.76	11.76	14.22	17.37	-	19.08	19.37
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Fixed Asset Turnover	0.38	12.67	0.44	0.48	0.24	0.45	13.23	13.32	-	0.56	0.52
Accounts Payable Turnover	1.34	0.54	0.61	0.55	1.08	1.03	1.01	0.82	-	1.02	0.45
Days Sales Outstanding (DSO)	45.97	0.00	39.10	28.34	31.03	31.04	25.67	21.01	-	19.13	18.84
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Days Payable Outstanding (DPO)	271.67	677.16	594.49	669.38	337.97	353.66	362.25	445.09	-	356.49	818.75
Cash Conversion Cycle (CCC)	-225.69	-677.16	-555.40	-641.04	-306.94	-322.62	-336.58	-424.08	-	-337.36	-799.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,124	2,153	2,341	2,466	2,745	2,711	2,699	2,782	2,879	2,791	2,923
Invested Capital Turnover	0.19	0.20	0.22	0.23	0.23	0.25	0.26	0.26	-	0.28	0.27
Increase / (Decrease) in Invested Capital	-89	-130	102	252	621	558	358	316	134	80	223
Enterprise Value (EV)	1,990	2,003	2,303	2,927	3,564	3,189	3,067	3,065	-	3,252	3,826
Market Capitalization	305	312	454	979	1,369	1,044	986	934	-	1,155	1,612
Book Value per Share	$68.93	$72.23	$74.92	$78.74	$83.19	$85.60	$89.52	$95.48	$97.17	$102.32	$100.60
Tangible Book Value per Share	$68.77	$72.07	$74.10	$78.11	$82.74	$85.35	$89.48	$95.44	$97.13	$102.28	$99.42
Total Capital	2,292	2,247	2,489	2,571	2,877	2,860	3,482	2,953	3,426	3,012	3,095
Total Debt	1,803	1,736	1,947	1,990	2,265	2,232	2,801	2,239	2,700	2,254	2,321
Total Long-Term Debt	1,803	1,736	1,947	1,990	2,265	2,232	2,801	2,239	2,700	2,254	2,321
Net Debt	1,635	1,641	1,799	1,885	2,132	2,083	2,018	2,068	2,153	2,033	2,149
Capital Expenditures (CapEx)	-38	58	195	120	302	-11	41	109	146	-82	99
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5.55	-41	-35	-82	-38	-15	-49	-37	-70	-34	-62
Debt-free Net Working Capital (DFNWC)	174	53	113	23	95	134	733	134	477	187	110
Net Working Capital (NWC)	174	53	113	23	95	134	733	134	477	187	110
Net Nonoperating Expense (NNE)	-8.53	-1.87	-2.81	-0.53	-0.69	-0.90	-37	-2.92	-2.56	-2.08	-3.32
Net Nonoperating Obligations (NNO)	1,635	1,641	1,799	1,885	2,132	2,083	2,018	2,068	2,153	2,033	2,149
Total Depreciation and Amortization (D&A)	19	25	25	28	18	26	28	29	30	30	29
Debt-free, Cash-free Net Working Capital to Revenue	1.33%	-9.13%	-7.06%	-15.36%	-6.62%	-2.53%	-7.52%	-5.42%	-	-4.40%	-8.09%
Debt-free Net Working Capital to Revenue	41.47%	11.62%	22.73%	4.22%	16.66%	22.00%	112.45%	19.38%	-	24.36%	14.41%
Net Working Capital to Revenue	41.47%	11.62%	22.73%	4.22%	16.66%	22.00%	112.45%	19.38%	-	24.36%	14.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.62	$3.12	$6.34	$3.51	$3.00	$2.34	$8.68	$3.36	$1.62	$3.49	$1.36
Adjusted Weighted Average Basic Shares Outstanding	6.31M	6.39M	6.57M	6.58M	6.54M	6.61M	6.79M	6.81M	6.75M	6.78M	21.13M
Adjusted Diluted Earnings per Share	$1.53	$3.00	$6.21	$3.37	$2.76	$2.21	$8.43	$3.25	$1.50	$3.26	$1.31
Adjusted Weighted Average Diluted Shares Outstanding	6.48M	6.66M	6.71M	6.86M	6.80M	7M	6.99M	7.03M	7.02M	7.25M	22.01M
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	6.39M	6.57M	6.58M	6.60M	6.61M	6.90M	6.81M	6.81M	6.79M	7.04M	21.14M
Normalized Net Operating Profit after Tax (NOPAT)	3.47	19	40	24	28	17	32	27	16	24	31
Normalized NOPAT Margin	2.88%	16.11%	26.32%	16.41%	18.03%	11.02%	16.51%	14.80%	-	12.24%	15.93%
Pre Tax Income Margin	17.41%	25.10%	38.32%	23.57%	19.89%	16.01%	38.00%	23.57%	-	18.95%	19.66%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	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	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.40%	5.55%	11.88%	13.31%	13.06%	15.99%	9.76%	9.68%	-	12.66%	18.03%
Augmented Payout Ratio	28.94%	5.55%	11.88%	13.31%	23.72%	15.99%	9.76%	9.68%	-	12.66%	18.03%

Financials Breakdown Chart

Key Financial Trends

Willis Lease Finance (NASDAQ: WLFC) showed a strong start to 2026, but the quarter also highlighted how dependent results remain on asset sales, debt management, and a large balance sheet backed by leased aircraft and receivables.

For Q1 2026, WLFC reported revenue of $194.3 million, up from $157.7 million in Q1 2025. Net income attributable to common shareholders came in at $23.7 million, versus $15.5 million a year ago. EPS also improved, with diluted EPS of $3.26 compared with $2.21 in the prior-year quarter.

Revenue grew meaningfully year over year, rising to $194.3 million from $157.7 million in Q1 2025.
Profitability improved, with net income increasing to $25.1 million from $16.9 million in Q1 2025.
Operating income expanded to $33.8 million, up from $23.9 million a year earlier.
Cash from operations was solid at $56.7 million in Q1 2026, supporting the business despite heavy capital needs.
Asset sales provided a major cash boost, with proceeds from sale of property, plant and equipment reaching $143.0 million.
Balance sheet equity increased to $694.4 million from $565.5 million in Q1 2025, indicating improved book value.
Restricted cash remains very large at $196.0 million, so a meaningful portion of liquidity is not freely available for general use.
Depreciation remains high at $30.2 million, which is typical for an aircraft leasing business but still weighs on reported earnings.
Financing cash flow was sharply negative at $463.0 million, driven mainly by $582.8 million of debt repayment.
Cash and equivalents fell sharply to $24.6 million from $32.4 million at the end of Q1 2025, while total cash and equivalents plus restricted cash also declined from the prior quarter’s elevated level.

Looking at the past several years, WLFC has been a growth company with lumpy cash flow. Revenue has generally moved higher since 2023, and quarterly earnings have improved from the low single-digit profit range in 2023 to the mid-2025 and early-2026 levels. However, the company’s cash flows have often depended on a combination of aircraft sales, debt issuance, and debt repayment rather than consistently strong free cash generation.

The balance sheet also shows a business with high leverage. Long-term debt was $2.25 billion at the end of Q1 2026, compared with $1.73 billion in Q1 2024. At the same time, total assets rose to $3.51 billion from $2.67 billion in Q1 2024, reflecting continued investment and portfolio growth. Equity has risen too, but debt still dominates the capital structure.

Bottom line: WLFC is producing better earnings and has growing revenue, but investors should watch leverage, reliance on aircraft sales, and the volatility in cash flows. The company’s results look healthy on the income statement, yet the financing picture remains a key risk.

08/12/26 07:27 PM ETAI Generated. May Contain Errors.

Willis Lease Finance Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Willis Lease Finance's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Willis Lease Finance's net income appears to be on an upward trend, with a most recent value of $113.76 million in 2025, rising from $6.46 million in 2015. The previous period was $108.61 million in 2024. Find out what analysts predict for Willis Lease Finance in the coming months.

Willis Lease Finance's total operating income in 2025 was $104.29 million, based on the following breakdown:

Total Gross Profit: $670.94 million
Total Operating Expenses: $566.65 million

Over the last 10 years, Willis Lease Finance's total revenue changed from $198.06 million in 2015 to $730.24 million in 2025, a change of 268.7%.

Willis Lease Finance's total liabilities were at $3.21 billion at the end of 2025, a 19.6% increase from 2024, and a 195.9% increase since 2015.

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 $16.44 million as of their latest financial filing in 2025.

Over the last 10 years, Willis Lease Finance's book value per share changed from 25.42 in 2015 to 97.17 in 2025, a change of 282.3%.

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Financial statements for NASDAQ:WLFC last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Willis Lease Finance (WLFC) Financials

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Willis Lease Finance (WLFC) Financials

Annual Income Statements for Willis Lease Finance

Quarterly Income Statements for Willis Lease Finance

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Quarterly Cash Flow Statements for Willis Lease Finance

Annual Balance Sheets for Willis Lease Finance

Quarterly Balance Sheets for Willis Lease Finance

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Quarterly Metrics And Ratios for Willis Lease Finance

Financials Breakdown Chart

Key Financial Trends

Willis Lease Finance Financials - Frequently Asked Questions

When does Willis Lease Finance's fiscal year end?

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

What is Willis Lease Finance's operating income?

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

How much debt does Willis Lease Finance have?

How much cash does Willis Lease Finance have?

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

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