Saturday 17 October 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. In the quarter to June 2026, revenue was flat, EPS fell 53.0%, free cash flow fell 161.1% and total debt fell 17.1%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

37.66 0.79 −2.05%

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Market cap: $813.0M
P/E: 9.0×
Fwd P/E: 14.6×
Dividend yield: 1.42%
F-score: 6/9
Altman Z: 0.91
Beneish M: −2.66
Dividend safety: 25/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.00

Total sells 22.29

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	1	—	—	—
Sell	1	1	1	1	4	1	1	—	1	6	2	—

Insider Ownership 59.29%

Capital & Financial Ratios $m

Market Cap 812.99

Revenue 765.37

Net Income 91.92

Free Cash Flow (89.03)

Net Debt 2,148.68

Current Ratio 1.63

Debt/Equity 3.27

P/E ratio 9.03

Fwd P/E 14.60

P/S ratio 1.04

P/B ratio 1.12

Past 5Y EPS Growth 71.08%

This Y EPS Growth 20.66%

Next Y EPS Growth (2.10%)

Next Y revenue growth 5.38%

Next 5Y EPS Growth 8.71%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 56.71%

10-year low 10-year high

P/S against its own 10 years 76.23%

10-year low 10-year high

P/B against its own 10 years 78.55%

10-year low 10-year high

EV/Sales against its own 10 years 19.06%

10-year low 10-year high

Dividends

Payout Ratio 0.13

Annual Dividend Rate 0.53

Annual Dividend Yield 1.42%

	total	individual payouts
2027	Powerpack
2026	1.83	0.13 0.13 0.13
2025	1.66	0.08 0.08 0.08 0.13
2024	0.17	0.33 0.08 0.08
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	168	133	547	172
Receivables	58	38	36	41
Inventory	41	72	57	51
Other	—	—	—	—
	267	243	639	265

	2023	2024	2025	Q'26
Payables	53	76	106	103
ST’ Debt	—	—	—	—
Other	67	61	60	60
	120	137	166	163

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	194	194	—	—	—
’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	—	—	—
’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)	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.09	1.31	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	5.81	7.03	8.33	11.20	4.70	8.77	10.07	12.34	15.11	38.00	Analyst estimates 2026–2028 Powerpack
	High	9.17	9.35	13.32	24.82	20.66	15.93	20.34	21.73	78.48	76.56
People
People	Employees	147	155	175	232	232	243	288	363	447	475
	Revenue/emp, $m	1.41	1.77	1.99	1.76	1.24	1.13	1.08	1.15	1.27	1.54
Income, $m
Income, $m	Revenue	207	275	348	409	289	274	312	419	569	730
	Gross margin, %	93.59	85.14	82.48	84.69	94.19	94.56	93.32	91.31	91.69	83.54
	EBT	24	36	56	89	17	9	10	67	153	161
	EBT margin, %	11.55	13.10	16.15	21.72	6.01	3.33	3.14	16.04	26.82	21.99
	Net income	14	62	43	67	10	3	5	44	109	114
	Depreciation	71	71	83	93	100	96	94	97	106	124
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
	Earnings	0.70	3.31	2.25	3.63	0.36	0.00	0.12	2.13	5.32	5.33
	Cash flow	4.65	7.53	10.63	13.15	5.22	4.94	7.93	12.15	14.50	13.98
	Capex	(5.97)	(18.69)	(21.44)	(5.93)	(21.59)	(9.29)	(12.29)	(4.43)	(34.42)	(14.11)
	Free cash flow	(1.32)	(11.16)	(10.81)	7.22	(16.36)	(4.34)	(4.36)	7.72	(19.92)	(0.14)
	Book value	9.96	14.21	16.16	20.01	20.35	20.50	22.22	23.21	28.02	32.68
	Shares, m	20	18	18	18	18	18	18	19	20	20
Valuation, ×
Valuation, ×	P/E	12.95	2.58	5.09	5.41	27.94	0.00	237.77	7.55	13.02	8.50
	P/S	0.84	0.57	0.59	0.84	0.63	0.84	1.16	0.72	2.38	1.25
	P/B	0.89	0.60	0.71	0.98	0.50	0.61	0.89	0.69	2.47	1.38
	EV/Sales	5.03	4.34	4.19	3.74	6.22	7.02	6.79	4.63	6.13	4.20
	EV/FCF	(39.96)	(5.71)	(7.40)	12.66	(6.02)	(22.59)	(24.97)	13.79	(8.81)	(370.08)
Cash, $m
Cash, $m	Operating cash flow	92	137	189	230	93	91	144	230	284	283
	Capex	(118)	(340)	(380)	(104)	(386)	(170)	(224)	(84)	(675)	(286)
	Free cash flow	(26)	(203)	(192)	126	(293)	(80)	(79)	146	(391)	(3)
Balance, $m
Balance, $m	Working capital	13	27	78	57	108	130	93	147	106	474
	Total debt	900	1,085	1,337	1,251	1,694	1,790	1,847	1,803	2,265	2,700
	Net debt	868	1,038	1,255	1,187	1,615	1,695	1,758	1,635	2,132	2,153
	Shareholders’ equity	196	259	287	350	364	376	405	439	549	662
Returns, %
Returns, %	ROA	1.05	4.10	2.26	3.28	0.30	0.00	0.08	1.54	3.51	2.99
	ROIC	1.30	1.39	2.13	3.26	0.46	0.25	0.28	1.94	3.37	2.32
	ROE	6.80	26.50	14.62	19.96	1.79	0.00	0.54	9.57	21.12	17.84

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$3.7B	15.1×	38.5×	+102.37% (above 0%: growing)	n/m	−17.02% (below 0%: shrinking)	28.36%	6.49%	Compare
WSC WillScot Holdings Corporation	$3.0B	— (loss-making)	25.5×	+3.92% (above 0%: growing)	0.00%	−60.91% (below 0%: shrinking)	61.83%	19.19%	Compare
MGRC McGrath RentCorp	$2.8B	18.2×	17.0×	−6.16% (below 0%: shrinking)	−5.48% (below 0%: shrinking)	−124.93% (below 0%: shrinking)	48.80%	24.10%	Compare
CTOS Custom Truck One Source, Inc.	$2.1B	100×	84.3×	+10.16% (above 0%: growing)	n/m	−104.58% (below 0%: shrinking)	22.00%	8.27%	Compare
VSTS Vestis Corporation	$1.9B	— (loss-making)	168×	−1.80% (below 0%: shrinking)	n/m	+478.29% (above 0%: growing)	28.02%	5.63%	Compare
PRG Aaron's Holdings Company, Inc.	$1.2B	8.4×	9.1×	+22.30% (above 0%: growing)	−4.17% (below 0%: shrinking)	+48.39% (above 0%: growing)	89.48%	9.12%	Compare
WLFC Willis Lease Finance Corporation	$813.0M	9.0×	14.6×	−0.76% (below 0%: shrinking)	−52.99% (below 0%: shrinking)	−161.11% (below 0%: shrinking)	86.88%	32.81%
HTZ Hertz Global Holdings, Inc.	$652.3M	— (loss-making)	— (loss-making)	+9.66% (above 0%: growing)	n/m	−18.00% (below 0%: shrinking)	39.32%	7.14%	Compare
ALTG Alta Equipment Group Inc.	$197.0M	— (loss-making)	— (loss-making)	−1.18% (below 0%: shrinking)	n/m	−46.58% (below 0%: shrinking)	26.12%	2.52%	Compare
Median of peers	$2.0B	16.7×	32.0×	+6.79%	−4.17%	−32.29%	33.84%	7.71%

All 20 Rental & Leasing Services stocks →

Willis Lease Finance Corporation (WLFC) key facts

Strength: Willis Lease Finance Corporation’s revenue for fiscal 2025 (year ended December 2025) was $730.2 million, up 28.3% from fiscal 2024.
Willis Lease Finance Corporation (WLFC) is a Rental & Leasing Services company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, WLFC traded at $37.66, a market capitalization of $813.0 million.
Willis Lease Finance Corporation pays an annual dividend of $0.53 per share, a yield of 1.42%, with a payout ratio of 13.4%.
Return on equity was 17.8% and debt-to-equity 3.27.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.91 (distress zone) for fiscal 2025.