Willis Lease Finance Corporation logo WLFC - Willis Lease Finance Corporation

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Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Revenue
Revenue 675.8 569.2 418.6 311.9 274.2 288.7 409.2 348.3 274.8 207.3 199.6 174.3 158.4 148.1 156.7 148.3 150.4 152.3 121.9 85.0 70.5 61.9 59.9 55.9 66.2 49.0 83.4 74.6 50.5 32.3 22.7
Cost of Revenue 231.7 139.8 127.3 109.1 105.4 111.3 148.9 137.8 106.9 79.6 87.5 72.9 58.7 52.6 8.4 8.1 7.1 6.1 3.8 0.6 0.1 0.6 1.3 3.1 0 0 36.7 20.9 20.2 14.1 5.2
Gross Profit 444.1 429.4 291.3 202.8 168.8 177.4 260.3 210.5 168.0 127.7 112.2 101.4 99.7 95.5 148.3 140.2 143.3 146.2 118.1 84.4 70.5 61.4 58.6 52.8 66.2 49.0 46.7 53.7 30.3 18.2 17.5
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 12.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 194.7 146.8 115.7 92.5 75.3 67.9 86.5 72.0 55.7 47.8 42.7 35.9 33.9 34.6 35.7 29.3 26.8 30.8 23.1 21.0 17.0 15.4 15.1 17.5 13.1 11.9 17.5 15.2 9.3 5.1 3.3
Other Expenses 31.4 138.3 111.3 100.4 85.1 94.8 93.5 0 0 0 0 0 0 0 51.6 48.7 43.2 37.4 31.1 25.6 25.3 23.2 21.7 15.4 17.4 12.4 13.7 8.3 4.2 3.2 4.7
Operating Expenses 226.1 285.0 227.0 193.0 160.4 162.7 180.0 83.2 65.5 54.8 52.1 48.2 46.7 41.6 87.3 78.0 70.0 68.2 54.2 46.5 42.3 38.6 36.8 32.9 30.6 24.3 31.2 23.5 13.5 8.3 8
Operating Income
Operating Income 218.0 144.4 64.2 9.9 8.3 14.7 80.3 52.5 28.9 22.1 13.0 10.5 7.8 0.9 22.6 18.6 31.4 41.2 67.7 38.5 28.3 23.4 23.1 23.0 35.6 24.7 15.5 30.2 16.8 9.9 9.5
Interest Expense 137.9 104.8 78.8 66.7 68.0 63.0 66.9 64.2 48.7 41.1 39.0 37.1 38.7 31.7 35.2 40.9 36.0 38.6 37.9 31.6 24.5 0 17.4 0 0 24.6 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.2 0.2 0.3 1.9 3.8 3.1 1.5 0 0.2 0 0 0.9 0 0 0 0 0
Profitability
EBITDA 329.5 352.6 236.8 164.8 167.6 174.9 242.0 197.3 150.1 131.4 121.2 114.3 107.3 80.6 99.0 109.3 112.5 118.1 96.8 88.7 64.9 23.4 23.1 23.0 35.6 39.3 35.6 22.8 16.8 12.5 14.2
EBIT 218.0 257.4 145.9 76.5 77.1 80.4 155.8 120.5 84.7 65.1 51.8 48.8 50.0 34.4 59.1 60.6 68.4 80.6 65.7 58.3 36.1 23.4 23.1 23.0 35.6 24.7 22.0 14.6 12.6 9.3 9.5
Income Before Tax 160.6 152.6 67.1 9.8 9.1 17.3 88.9 56.3 36.0 23.9 14.1 11.8 11.3 2.7 23.9 19.7 32.4 42.0 27.7 10.2 5.5 5.4 5.9 4.3 12.0 8.9 4.3 15.8 8.8 4.8 5.4
Income Tax Expense 46.8 44.0 23.3 4.4 5.8 7.6 22.0 13.0 (26.1) 9.9 6.8 4.6 (4.3) 1.2 9.4 7.6 10.0 15.4 10.1 3.0 1.4 1.5 1.7 0.7 4.4 3.5 1 6.3 3.5 2 2.2
Net Income 113.8 108.6 43.8 5.4 3.4 9.7 66.9 43.2 62.2 14.1 7.4 7.2 15.6 1.5 14.5 12.1 22.4 26.6 17.7 7.3 4.2 3.9 4.2 3.6 6.9 7.8 3.3 9.3 7.3 2.8 3.2
Per Share Data
EPS (Basic) 16.00 15.97 6.40 0.35 0.00 1.07 10.90 7.31 9.93 2.10 0.94 0.92 1.95 -0.45 1.35 1.03 2.30 2.85 1.79 1.63 0.40 0.37 0.83 0.43 0.79 1.04 0.44 1.27 1.33 0.75 1.03
EPS (Diluted) 15.39 15.34 6.23 0.33 0.00 1.05 10.50 7.15 9.69 2.05 0.92 0.89 1.89 -0.45 1.28 0.96 2.14 2.68 1.66 1.56 0.38 0.36 0.82 0.43 0.78 1.03 0.44 1.24 1.29 0.74 1.03
Shares Outstanding 6.8 6.5 6.3 6.1 6.1 6.0 5.8 5.9 6.1 6.6 7.8 7.9 8.0 8.5 8.4 8.7 8.4 8.2 8.1 9.2 9.1 10.4 8.8 8.4 8.8 7.5 7.4 7.3 5.5 3.2 3.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Current Assets
Cash & Cash Equivalents 16.4 9.1 7.1 12.1 14.3 78.9 6.7 11.7 7.1 10.1 2.1 8.6 51.9 43.0 27.3 24.8 25.4 9.5 5.3 13.1 6.6 0.8
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 2.9 0 0 0 0 0 0 0 0 0
Net Receivables 35.7 221.9 151.1 128.4 155.1 28.3 24.1 23.3 18.8 16.5 5.8 8.6 2.1 2.1 3.4 2.5 4.1 5.8 8.6 5.3 1.7 1.3
Inventory 56.6 72.2 41.0 38.6 51.0 59.4 41.8 48.9 16.4 25.4 991.1 (8.6) 0 0 0 0 0 22.2 35.9 10.3 1.1 2.9
Other Current Assets 530.5 135.7 161.8 80.1 88.3 0 105.8 71.0 74.4 53.0 0 69.2 0 0 0 0 0 0 0 0 0 0
Total Current Assets 639.2 438.8 360.9 259.3 308.6 166.6 178.4 154.9 116.7 105.0 1,058.6 77.8 56.8 45.1 30.7 27.3 29.5 37.5 49.7 28.7 9.4 5
Non-Current Assets
Property, Plant & Equipment 73.8 2,684.0 2,150.0 2,147.3 2,022.7 1,922.2 35.6 1,700.8 1,368.6 1,153.4 9.4 837.5 511.4 499.5 496.4 488.0 408.8 339.7 277.1 128.6 93.6 79
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0.3 34.1 10.2 18.8 23.7 21.3 4.4 16.1 16.5 19.9 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 261.2 84.3 66.8 62.6 55.9 212.0 57.9 47.9 50.6 45.4 10.7 10.4 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 3,057.3 56.0 64.4 87.2 52.0 42.8 1,664.3 (75.1) 43.5 (29.1) 14.4 48.7 (10.3) (9.8) (6.7) (5.7) 17.6 35.1 33.2 41.1 21.9 7.4
Total Non-Current Assets 3,392.6 2,858.4 2,291.4 2,316.0 2,154.3 2,283 1,762.3 1,780.1 1,486.7 1,232.9 39.1 905.5 528.6 514.9 513.3 505.1 426.4 374.8 310.3 169.7 115.5 86.4
Total Assets 4,031.8 3,297.2 2,652.3 2,575.2 2,462.9 2,449.6 1,940.6 1,934.9 1,603.4 1,337.9 1,097.7 983.3 585.5 560.0 544.0 532.5 455.9 412.3 360 198.4 124.9 91.4
Current Liabilities
Account Payables 93.7 0 0 0 0 23.1 41.8 42.9 22.1 17.8 5.8 8.6 7.3 5.8 4.3 4.5 6.4 3.4 9.6 4 2.8 1.1
Short-Term Debt 112.9 0 0 0 0 55.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 35.4 37.9 43.5 17.9 10.5 0 0 5.5 8.1 5.8 3.4 6.0 5.4 7.1 6.3 4.8 0 0 0 0 0 0
Other Current Liabilities (35.1) 76.0 52.9 43.0 26.9 0 0 0 0 0 46.8 (6.8) (1.9) 0.7 1.9 0.3 0 1.1 1 1.1 0.5 0.2
Total Current Liabilities 206.8 113.9 96.5 60.9 37.3 78.5 148.7 48.4 30.2 23.6 64.5 12.7 7.3 6.4 6.2 7.4 6.4 4.5 10.6 5.1 3.3 1.3
Non-Current Liabilities
Long-Term Debt 2,590.6 2,264.6 1,802.9 1,847.3 1,790.3 1,642.3 1,251.0 1,337.3 1,085.4 900.3 726.2 641.1 369.8 362.4 364.7 359.5 301.3 293.8 248.2 104.2 76.2 69.9
Deferred Tax Liabilities 324.0 185.0 147.8 132.5 124.3 201.5 0 90.3 78.3 105.0 69.1 56.1 27.5 25.3 23.6 22.8 17.1 12.8 11.7 8.5 5.9 4.1
Other Non-Current Liabilities 140.8 184.4 166.3 129.8 135.1 102.0 137.1 166.7 142.6 107.0 13.7 75.7 66.2 55.2 43.9 43.7 35.5 31.7 23.7 26 16.3 11.2
Total Non-Current Liabilities 3,099.5 2,634.0 2,116.9 2,109.6 2,049.7 1,957.4 1,391.9 1,599.8 1,314.3 1,118.0 812.4 778.4 461.7 443.5 432.2 423.5 353.9 338.3 283.6 138.7 98.4 85.2
Total Liabilities 3,306.3 2,747.9 2,213.4 2,170.5 2,087.0 2,035.9 1,540.6 1,648.2 1,344.5 1,141.6 876.9 791.1 469.0 450.0 438.5 430.9 360.2 342.8 294.2 143.8 101.7 86.5
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0 0 0 0
Retained Earnings 590.8 491.4 397.8 357.5 355.4 355.4 349.0 286.6 256.3 194.7 136.4 117.2 52.8 48.9 45.4 41.8 34.8 27 23.7 14.5 7.1 5.3
Accumulated Other Comprehensive Income (1.4) 6.9 11.4 26.7 5.0 (5.1) (3.2) 0.1 0.2 (1.0) (8.3) (14.9) 1.0 (0.7) (1.6) (1.8) (27.3) (22.3) (16) (15.5) (0.2) (11.3)
Total Stockholders' Equity 725.5 549.3 439.0 404.7 375.9 413.7 400.0 286.8 258.9 196.3 220.8 192.2 116.5 110.1 105.5 101.6 95.7 69.5 65.8 54.6 23.2 4.8
Total Liabilities & Equity 4,031.8 3,297.2 2,652.3 2,575.2 2,462.9 2,449.6 1,940.6 1,934.9 1,603.4 1,337.9 1,097.7 983.3 585.5 560.0 544.0 532.5 455.9 412.3 360 198.4 124.9 91.4
Debt Metrics
Total Debt 2,712.1 2,264.6 1,802.9 1,847.3 1,790.3 1,697.6 1,254.8 1,337.3 1,085.4 900.3 726.2 641.1 369.8 362.4 364.7 359.5 301.3 293.8 248.2 104.2 76.2 69.9
Net Debt 2,695.7 2,255.4 1,795.8 1,835.1 1,775.9 1,618.7 1,248.1 1,325.7 1,078.4 890.2 724.2 632.5 318.0 319.4 337.4 334.7 276.0 284.3 242.9 91.1 69.6 69.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Operating Activities
Net Income 113.8 108.6 43.8 5.4 3.4 9.7 66.9 43.2 62.2 14.1 4.2 3.9 4.2 3.6 6.9 7.8 3.3 9.5 5.3 2.8 3.2
Depreciation & Amortization 111.6 95.2 90.9 88.3 90.5 94.5 86.2 76.8 66.0 66.3 28.3 23.5 21.7 19.4 18.1 14.6 13.7 8.3 4.2 3.2 4.7
Stock-Based Compensation 44.6 29.2 14.8 13.6 16.6 11.4 7.8 5.4 4.3 3.7 0 0 0 0 0.2 0 0 0 0 0 0
Change in Working Capital 21.2 11.8 59.1 15.3 (18.9) (60.8) 49.0 37.7 12.3 (0.3) 2.6 16.3 15.0 4.2 6.1 9.6 13.9 (26.7) (4.3) (1) 2.9
Other Non-Cash Items (53.7) 0.9 1.5 19.8 (5.0) 31.6 (0.7) 13.5 16.9 8.1 (6.8) (2.4) (0.6) 3.6 (4.8) (9.7) (10) (0.3) 2.1 2.7 (10.8)
Operating Cash Flow 283.2 284.4 229.7 144.4 90.7 93.4 230.3 188.7 135.3 100.9 29.7 42.7 41.9 31.6 33.3 26.5 22 (18.9) 6.5 9.6 0.5
Investing Activities
Capital Expenditure (524.6) (830.5) (168.8) (293.0) (207.9) (412.2) (295.7) (444.9) (384.3) (180.2) (98.7) (66.8) (32.0) (47.9) (128.4) (138.5) (121.5) (173.4) (68.3) (25.7) (9.5)
Acquisitions 291.6 0 0 69.2 37.6 26.1 (5.7) 64.4 43.8 (5.5) 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (9.2) 0 0 0 0 0 (5.7) 0 0 (6.9) 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 5.7 0 1.9 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 16.9 81.2 76 29.4 22.3 (120.5) 154.0 64.4 60.6 62.3 37.7 26.4 21.7 16.9 37.6 84.6 53 39.2 15.9 3.8 2.7
Investing Cash Flow (256.4) (764.9) (92.8) (194.4) (148.0) (506.7) (147.4) (380.5) (323.7) (123.4) (61.0) (40.4) (10.3) (31.1) (90.8) (54.0) (68.5) (134.2) (52.4) (21.9) (6.8)
Financing Activities
Net Debt Issuance 424.9 465.7 (39.8) 55.2 96.7 442.4 (88.0) 254.7 190.0 31.2 37.5 7.2 (15.6) 5.1 58.2 9.2 45.2 143.3 28.3 3.1 6.3
Stock Repurchased (3.8) (8.2) (5.8) (8.9) (15.1) (2.7) (5.0) (17.4) (4.6) (30.3) 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (14.4) (14.2) (3.2) (3.3) (3.3) (3.3) (3.2) (3.3) (1.3) 0 0 0 0 0 0 0 0 0 0 (1) (0.1)
Other Financing Activities (19.3) (11.3) (15.2) 0.3 (4.4) (9.6) (6.7) (7.5) (10.3) 0.6 (6.2) (1.3) (0.4) (3.2) (1.8) 0 0.0 0.0 0 0.1 (0.2)
Financing Cash Flow 387.6 445.0 (57.9) 43.3 74.1 428.5 (101.2) 226.4 203.4 22.8 32.1 6.7 (15.9) 1.9 56.9 27.4 45.6 145.3 52.4 18.1 6
Cash Position
Net Change in Cash 414.4 (35.5) 79.0 (6.6) 16.7 15.3 (18.3) 34.6 14.9 0.3 0.8 8.9 15.7 2.5 (0.6) (0.1) (0.8) 145.3 52.4 18.1 6
Cash at Beginning 132.5 168.0 89.0 95.6 78.9 63.7 81.9 47.3 32.4 9.7 5.5 43.0 27.3 24.8 25.4 25.5 10.3 13.1 6.6 0.8 1.1
Cash at End 546.9 132.5 168.0 89.0 95.6 78.9 63.7 81.9 47.3 10.1 6.3 51.9 43.0 27.3 24.8 25.4 9.5 158.4 59 18.9 7.1
Free Cash Flow (241.3) (546.1) 61.0 (148.6) (117.3) (318.8) (65.4) (256.2) (249.0) (79.3) (69.0) (24.2) 9.9 (16.3) (95.1) (112.0) (99.5) (192.3) (61.8) (16.1) (9)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Income Statement
Revenue 675.8 569.2 418.6 311.9 274.2 288.7 409.2 348.3 274.8 207.3 199.6 174.3 158.4 148.1 156.7 148.3 150.4 152.3 121.9 85.0 70.5 61.9 59.9 55.9 66.2 49.0 83.4 74.6 50.5 32.3 22.7
Gross Profit 444.1 429.4 291.3 202.8 168.8 177.4 260.3 210.5 168.0 127.7 112.2 101.4 99.7 95.5 148.3 140.2 143.3 146.2 118.1 84.4 70.5 61.4 58.6 52.8 66.2 49.0 46.7 53.7 30.3 18.2 17.5
Operating Income 218.0 144.4 64.2 9.9 8.3 14.7 80.3 52.5 28.9 22.1 13.0 10.5 7.8 0.9 22.6 18.6 31.4 41.2 67.7 38.5 28.3 23.4 23.1 23.0 35.6 24.7 15.5 30.2 16.8 9.9 9.5
Net Income 113.8 108.6 43.8 5.4 3.4 9.7 66.9 43.2 62.2 14.1 7.4 7.2 15.6 1.5 14.5 12.1 22.4 26.6 17.7 7.3 4.2 3.9 4.2 3.6 6.9 7.8 3.3 9.3 7.3 2.8 3.2
EPS (Diluted) 15.39 15.34 6.23 0.33 0.00 1.05 10.50 7.15 9.69 2.05 0.92 0.89 1.89 -0.45 1.28 0.96 2.14 2.68 1.66 1.56 0.38 0.36 0.82 0.43 0.78 1.03 0.44 1.24 1.29 0.74 1.03
Balance Sheet
Cash & Equivalents 16.4 9.1 7.1 12.1 14.3 78.9 6.7 11.7 7.1 10.1 2.1 8.6 51.9 43.0 27.3 24.8 25.4 9.5 5.3 13.1 6.6 0.8
Total Assets 4,031.8 3,297.2 2,652.3 2,575.2 2,462.9 2,449.6 1,940.6 1,934.9 1,603.4 1,337.9 1,097.7 983.3 585.5 560.0 544.0 532.5 455.9 412.3 360 198.4 124.9 91.4
Total Debt 2,712.1 2,264.6 1,802.9 1,847.3 1,790.3 1,697.6 1,254.8 1,337.3 1,085.4 900.3 726.2 641.1 369.8 362.4 364.7 359.5 301.3 293.8 248.2 104.2 76.2 69.9
Stockholders' Equity 725.5 549.3 439.0 404.7 375.9 413.7 400.0 286.8 258.9 196.3 220.8 192.2 116.5 110.1 105.5 101.6 95.7 69.5 65.8 54.6 23.2 4.8
Cash Flow
Operating Cash Flow 283.2 284.4 229.7 144.4 90.7 93.4 230.3 188.7 135.3 100.9 29.7 42.7 41.9 31.6 33.3 26.5 22 (18.9) 6.5 9.6 0.5
Capital Expenditure (524.6) (830.5) (168.8) (293.0) (207.9) (412.2) (295.7) (444.9) (384.3) (180.2) (98.7) (66.8) (32.0) (47.9) (128.4) (138.5) (121.5) (173.4) (68.3) (25.7) (9.5)
Free Cash Flow (241.3) (546.1) 61.0 (148.6) (117.3) (318.8) (65.4) (256.2) (249.0) (79.3) (69.0) (24.2) 9.9 (16.3) (95.1) (112.0) (99.5) (192.3) (61.8) (16.1) (9)