Willis Lease Finance (WLFC) Financial Statements & Analysis

Willis Lease Finance (WLFC) Income Statement

Willis Lease Finance reported revenue of $715.77M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 28.4% from $557.54M a year earlier. Net income was $108.07M, up 3.5% year over year, a net margin of 15.1%. Gross margin was 69.6% and operating margin 38.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $194.02M, down 0.8% from the same quarter a year earlier.

Willis Lease Finance Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Willis Lease Finance Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	715.77	557.54	409.83	311.93	274.20	288.77	409.16	348.35	274.84
Cost of Revenue	120.19	47.32	36.37	109.09	105.43	16.76	148.88	137.84	106.87
Gross Profit	498.50	510.22	373.47	202.83	168.77	272.01	260.28	210.51	167.97
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	226.12	169.05	142.15	92.53	75.35	74.44	86.52	72.02	55.74
Operating Expenses	226.12	258.51	233.07	106.95	160.43	168.98	179.97	83.16	65.47
Operating Income	272.38	251.71	140.39	95.89	8.34	103.03	80.30	52.47	28.85
Other Income/Expense
Interest Income	0.00	11.68	8.72	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	132.06	-104.76	-78.80	66.74	67.99	-63.02	66.89	64.22	48.72
Other Income/Expense	20.29	-2.98	-1.49	-19.35	0.80	2.64	8.58	3.80	7.16
Income
Income Before Tax	160.61	152.65	67.13	9.79	9.14	17.34	88.88	56.27	36.01
Income Tax Expense	46.85	44.03	23.35	4.35	5.79	7.59	21.96	13.04	-26.15
Net Income	108.07	104.38	40.37	5.44	3.35	9.75	66.92	43.23	62.16
Net Income - Continuous Operations	113.76	108.61	43.78	5.44	3.35	9.75	66.92	43.23	62.16
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	370.96	343.92	231.32	164.80	167.63	197.57	242.01	197.31	150.13
EBIT	257.91	248.71	140.39	76.54	60.23	103.03	-	-	-
Depreciation & Amortization	113.05	95.21	90.93	88.26	90.50	94.54	86.24	76.81	66.02
Earnings Per Share
Basic EPS	5.00	5.00	2.00	-	-	1.00	1.00	1.00	1.00
Diluted EPS	5.00	5.00	2.00	-	-	1.00	1.00	1.00	1.00
Basic Shares Outstanding	20.26	19.61	18.92	18.21	55.01	5.96	52.52	53.24	54.67
Diluted Shares Outstanding	21.06	20.41	19.44	18.89	57.11	6.13	54.52	54.41	55.98

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Willis Lease Finance Financial Statements

What was Willis Lease Finance's revenue in fiscal 2025?

Willis Lease Finance reported revenue of $715.77M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 28.4% from $557.54M a year earlier.

Is Willis Lease Finance profitable?

Yes. Willis Lease Finance earned net income of $108.07M in fiscal 2025, a net margin of 15.1%. In fiscal 2024 it earned $104.38M.

What is Willis Lease Finance's operating margin?

Willis Lease Finance's operating income was $272.38M on revenue of $715.77M in fiscal 2025, an operating margin of 38.1%, compared with 45.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition