EquipmentShare.com Inc. (EQPT) vs Willis Lease Finance Corporation (WLFC)

EquipmentShare.com Inc. and Willis Lease Finance Corporation are both Rental & Leasing Services companies. EquipmentShare.com Inc. is the larger, with a market value of $3.7B against $813.0M — 4.5× the size. Willis Lease Finance Corporation trades at the lower P/E: 9.0× against 15.1×. Willis Lease Finance Corporation has the higher net margin (11.2% vs 1.03%) and the lower return on invested capital (2.62% vs 23.5%). Across the 18 metrics below, Willis Lease Finance Corporation leads on 10 and EquipmentShare.com Inc. on 8.

Valuation

Metric EQPT WLFC Rental & Leasing Services median
P/E 15.14 9.03 18.17
P/S 0.67 1.04 0.92
P/B 2.84 1.12 2.15
Price to free cash flow n/m n/m 7.80
EV/EBITDA 3.33 7.77 7.72
EV/Sales 1.32 3.85 2.47
Earnings yield 6.61% 11.07% 1.00%
Free cash flow yield (49.41%) (11.88%) 1.43%

Profitability

Metric EQPT WLFC Rental & Leasing Services median
Gross margin 49.70% 85.43% 49.40%
Operating margin 33.57% 32.48% 8.49%
Net margin 1.03% 11.24% 1.01%
Free cash flow margin (32.95%) (11.63%) 1.87%
Return on equity 0.00% 12.96% 12.13%
Return on assets 1.49% 2.26% 0.24%
Return on invested capital 23.50% 2.62% 2.80%

Growth

Metric EQPT WLFC Rental & Leasing Services median
Revenue growth (TTM) — 17.34% 3.21%
EPS growth (last fiscal year) (74.36%) 0.33% (8.44%)
Revenue growth, 5-year CAGR — 20.39% 12.97%
Net income growth, 5-year CAGR — 75.97% 0.00%

Health

Metric EQPT WLFC Rental & Leasing Services median
Debt to equity 3.16 3.27 1.48
Current ratio 2.42 1.63 1.36
Net debt to EBITDA 4.59 5.98 4.32

Dividend

Metric EQPT WLFC Rental & Leasing Services median
Dividend yield — 1.42% 1.56%
Payout ratio — 0.13 0.22

Size

Metric EQPT WLFC Rental & Leasing Services median
Market cap 3.66b 812.99m 2.43b

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