Pricing Log in Create free account
Friday 6 November 2026 Export WLFC’s income statement to Excel — free account

Willis Lease Finance Corporation

WLFC Industrials Rental & Leasing Services

Willis Lease Finance Corporation’s revenue for fiscal 2025 (year ended December 2025) was $730.2 million, up 28.3% from fiscal 2024.

Revenue
+34.3%
EPS
−50.7%
Free cash flow
−378.1%
Total debt
+12.7%

Quarter to September 2026, against a year earlier

46.31 0.61 −1.30%
Market cap
$992.9M
P/E
12.9×
Fwd P/E
10.1×
Dividend yield
1.15%
F-score
6/9
Altman Z
0.91
Beneish M
−2.66
Dividend safety
25/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.00
Sold, $m 20.79
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — 1 — — — —
Sell — 1 1 4 1 1 — 1 6 2 — —
Insider Ownership 56.13%

Capital & Financial Ratios $m

Size
Market Cap 992.93
Revenue ttm 828.30
Net income ttm 79.26
Free cash flow ttm (261.21)
Net debt Q 2,391.01
Valuation
P/E 12.89
Forward P/E 10.10
Price / sales 1.19
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.34
Financial health
Current ratio Q 1.13
Debt / equity Q 3.45 (above 2: weak)
Interest coverage Q 1.36
Growth
Revenue growth Q +34.32% (above 0%: growing)
Operating income growth Q −69.80% (below 0%: shrinking)
EPS, this year +7.02%
EPS, next year A +7.19%
Revenue, next year A +0.16%
EPS, past 5 yrs +71.08% (at or above 15%: strong)
EPS, next 5 yrs A +8.71%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.1×, against a ten-year median of 4.6×; over the ten years it ranged from 0.4× in 2016 to 7.7× in 2021.
P/E against its own 10 years 75.07%
10-year low 10-year high
P/S against its own 10 years 79.76%
10-year low 10-year high
P/B against its own 10 years 81.19%
10-year low 10-year high
EV/Sales against its own 10 years 28.16%
10-year low 10-year high

Dividends

Yield
1.15%
Annual rate
0.53
Payout ratio
15.5%
Growth, 2024–25
+130.0%/yr
  1. 0.17 ’24
  2. 0.38 ’25 +130
  3. 1.83 ’26e +378
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 168 133 547 134
Receivables 58 38 36 46
Inventory 41 72 57 52
Other — — — —
267 243 639 231
2023 2024 2025 Q'26
Payables 53 76 106 146
ST’ Debt — — — —
Other 67 61 60 59
120 137 166 205

Compound Annual Growth %

10y 5y 3y
Sales 13.94% 20.39% 32.78%
Cash Flow 11.22% 24.83% 25.17%
Earnings 32.54% 75.97% 271.66%
Book Value 12.21% 12.71% 17.84%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.60 Actual 0.47

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY26 0.60 0.47 Miss by 0.13
Q4 FY26 0.75 — Reports 9 March 2027

EPS $

Mar Jun Sep Dec Year
’26 1.09 1.31 0.53 — —
’25 0.74 2.81 1.08 0.51 5.13
’24 1.00 2.07 1.12 0.94 5.11
’23 0.18 0.67 0.71 0.51 2.08
’22 (1.23) 0.27 0.30 0.71 0.11
’21 (0.12) (0.04) 0.11 0.05 0.00
’20 0.19 0.25 0.12 (0.21) 0.35
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 194 194 246 — —
’25 158 196 183 194 730
’24 119 151 146 153 569
’23 90 109 106 114 419
’22 69 78 77 88 312
’21 61 66 71 76 274
’20 82 75 71 61 289
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 57 78 105 — —
’25 41 104 64 74 283
’24 60 70 87 68 284
’23 52 47 70 61 230
’22 28 29 25 62 144
’21 23 20 26 22 91
’20 28 15 41 10 93
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 67 (39) (218) — —
’25 52 63 (46) (72) (3)
’24 1 (125) (33) (234) (391)
’23 2 5 40 99 146
’22 21 1 (111) 10 (79)
’21 (4) (18) (53) (5) (80)
’20 (37) 19 35 (309) (293)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 207 275 348 409 289 274 312 419 569 730 828 +15.0% 731 776 841 +4.8%
Gross margin, % 93.59 85.14 82.48 84.69 94.19 94.56 93.32 91.31 91.69 83.54 75.41 (10.0) pt
EBT 24 36 56 89 17 9 10 67 153 161 112 +23.5%
EBT margin, % 11.55 13.10 16.15 21.72 6.01 3.33 3.14 16.04 26.82 21.99 13.48 +10.4 pt
Net income 14 62 43 67 10 3 5 44 109 114 79 +26.1%
Per share, $
Per share, $ Revenue 10.52 15.08 19.63 23.37 16.14 14.95 17.13 22.13 29.03 36.04 39.16 +14.7%
Earnings 0.70 3.31 2.25 3.63 0.36 0.00 0.12 2.13 5.32 5.33 3.60 +25.3%
Cash flow 4.65 7.53 10.63 13.15 5.22 4.94 7.93 12.15 14.50 13.98 14.80 +13.0%
Capex (5.97) (18.69) (21.44) (5.93) (21.59) (9.29) (12.29) (4.43) (34.42) (14.11) (27.15) +10.0%
Free cash flow (1.32) (11.16) (10.81) 7.22 (16.36) (4.34) (4.36) 7.72 (19.92) (0.14) (12.35) (22.3%)
Book value 9.96 14.21 16.16 20.01 20.35 20.50 22.22 23.21 28.02 32.68 34.63 +14.1%
Shares, m 20 18 18 18 18 18 18 19 20 20 21 +0.3%
Valuation, ×
Valuation, × P/E 12.95 2.58 5.09 5.41 27.94 0.00 237.77 7.55 13.02 8.50 12.89 32.1
P/S 0.84 0.57 0.59 0.84 0.63 0.84 1.16 0.72 2.38 1.25 1.19 1.0
P/B 0.89 0.60 0.71 0.98 0.50 0.61 0.89 0.69 2.47 1.38 1.34 1.0
EV/Sales 5.03 4.34 4.19 3.74 6.22 7.02 6.79 4.63 6.13 4.20 4.07 5.2
EV/FCF (39.96) (5.71) (7.40) 12.66 (6.02) (22.59) (24.97) 13.79 (8.81) (370.08) (12.64) (45.9)
Cash, $m
Cash, $m Operating cash flow 92 137 189 230 93 91 144 230 284 283 313 +13.4%
Capex (118) (340) (380) (104) (386) (170) (224) (84) (675) (286) (574) +10.4%
Free cash flow (26) (203) (192) 126 (293) (80) (79) 146 (391) (3) (261) (22.1%)
Balance, $m
Balance, $m Working capital 13 27 78 57 108 130 93 147 106 474 27 +49.4%
Net debt 868 1,038 1,255 1,187 1,615 1,695 1,758 1,635 2,132 2,153 2,391 +10.6%
Shareholders’ equity 196 259 287 350 364 376 405 439 549 662 733 +14.5%
Returns, %
Returns, % ROA 1.05 4.10 2.26 3.28 0.30 0.00 0.08 1.54 3.51 2.99 1.96 +1.9 pt
ROIC 1.30 1.39 2.13 3.26 0.46 0.25 0.28 1.94 3.37 2.32 1.87 +1.0 pt
ROE 6.80 26.50 14.62 19.96 1.79 0.00 0.54 9.57 21.12 17.84 10.61 +11.0 pt
People
People Employees 147 155 175 232 232 243 288 363 447 475 — +13.9%
Revenue/emp, $m 1.41 1.77 1.99 1.76 1.24 1.13 1.08 1.15 1.27 1.54 — +1.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Willis Lease Finance Corporation vs peers in Rental & Leasing Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EQPT EquipmentShare.com Inc. $3.5B 15.4× 39.0× +102.37% (above 0%: growing) n/m −17.02% (below 0%: shrinking) 28.36% 6.49% Compare
WSC WillScot Holdings Corporation $3.2B — (loss-making) 17.6× +6.09% (above 0%: growing) +16.67% (above 0%: growing) +61.99% (above 0%: growing) 63.18% 20.99% Compare
MGRC McGrath RentCorp $3.1B 19.6× 18.6× +7.08% (above 0%: growing) +16.23% (above 0%: growing) −132.83% (below 0%: shrinking) 47.66% 26.93% Compare
CTOS Custom Truck One Source, Inc. $2.1B 71.6× 82.8× +2.73% (above 0%: growing) n/m +540.01% (above 0%: growing) 22.87% 7.69% Compare
VSTS Vestis Corporation $1.9B — (loss-making) 93.4× −1.80% (below 0%: shrinking) n/m +478.29% (above 0%: growing) 28.02% 5.63% Compare
PRG Aaron's Holdings Company, Inc. $1.5B 10.3× 9.1× +25.63% (above 0%: growing) +13.23% (above 0%: growing) −2.74% (below 0%: shrinking) 89.55% 9.09% Compare
LIME Neutron Holdings, Inc. $1.2B — — — — — 42.42% 4.21% Compare
WLFC Willis Lease Finance Corporation $992.9M 12.9× 10.1× +34.32% (above 0%: growing) −50.74% (below 0%: shrinking) −378.05% (below 0%: shrinking) 57.78% 17.75%
HTZ Hertz Global Holdings, Inc. $638.1M — (loss-making) — (loss-making) +5.61% (above 0%: growing) n/m −5.32% (below 0%: shrinking) 40.89% 0.00% Compare
Median of peers $2.0B 17.5× 28.8× +6.09% +16.23% −2.74% 41.66% 7.09%

All 20 Rental & Leasing Services stocks →

Pay and ownership Proxy statement filed 24 April 2026

Ownership

Directors and executive officers, together 53.32%
Charles F. Willis, IV 43.94%
CFW Partners, L.P. 27.56%
Austin C. Willis 11.58%
M3 Partners, LP 8.75%
Dimensional Fund Advisors LP 6.37%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Willis Lease Finance Corporation (WLFC) Latest News

5 Nov

Impact 3 · · Simply Wall St.

3 Nov

Impact 3 · · Moby
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat transcript
Impact 3 · · GlobeNewswire

22 Sep

Impact 4 · · GlobeNewswire

20 Sep

Impact 4 ·

19 Sep

Impact 3 ·

13 Sep

Impact 3 ·

27 Aug

Impact 4 ·

25 Aug

Impact 4 ·

11 Aug

Impact 3 · · The Motley Fool transcript

4 Aug

Impact 4 · transcript
Impact 3 · · Moby transcript
Impact 3 · · MarketBeat
Impact 3 ·

1 Aug

Impact 3 ·

31 Jul

Impact 3 ·

29 Jul

Impact 4 ·

14 Jul

Impact 4 ·

8 Jul

Impact 3 ·

1 Jul

Impact 3 ·

25 Jun

Impact 3 · · GlobeNewswire

1 Jun

Impact 3 · · GlobeNewswire

27 May

Impact 3 · · Insider Monkey

14 May

Impact 4 ·

13 May

Impact 4 · · GlobeNewswire

11 May

Impact 4 · · GlobeNewswire
Impact 4 · · Zacks

6 May

Impact 4 · · The Motley Fool transcript
stockrow.com/WLFC · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com