WLFCNasdaqWholesale-Machinery, Equipment & SuppliesFiscal year ends December 31
WILLIS LEASE FINANCE CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$37.07−0.54 (-1.44%)
Close on Oct 19, 2026
- Market cap
- $816.02M
- P/E (TTM)
- 9.3
- Dividend yield
- 1.03%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
14.3%+9.2 pts over 5 years
Net margin
15.6%+12.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +28.3% | +32.8% | +20.4% | +13.9% | |
| Operating income | -27.8% | +119.5% | +48.0% | +24.6% | |
| Net income | +4.7% | +175.5% | +63.5% | +33.2% | |
| EPS, diluted | +0.3% | +259.9% | +71.1% | +34.2% | |
| Free cash flow | -6.2% | +22.3% | +22.8% | +10.4% | |
| Dividend per share | -23.3% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 6.9% | 2.7% | 18.8% | |
| Return on assets | 1.1% | 0.5% | 3.1% | |
| Interest coverage | 0.5× | 0.2× | 0.8× | |
| Capex to revenue | 0.5% | 1.0% | 4.3% | |
| Diluted shares | 20M | 18M | 21M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Willis Lease Finance generated $1.03B from operations and spent $108.64M on capital expenditure, dividends and share buybacks. 56% of that went back into the business.
Generated
$1.03B
Used
$108.64M
Capital expenditure$60.65M56%Dividends$19.44M18%Share buybacks$28.55M26%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin15.6%
×Asset turnover0.20×
×Equity multiplier5.97×
=Return on equity, FY202518.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 15.6% | 0.20× | 5.97× | 18.8% |
| FY2024 | 19.1% | 0.19× | 6.02× | 22.0% |
| FY2023 | 10.5% | 0.16× | 6.20× | 10.4% |
| FY2022 | 1.7% | 0.12× | 6.45× | 1.4% |
| FY2021 | 1.2% | 0.11× | 6.53× | 0.9% |
| FY2020 | 3.4% | 0.13× | 6.03× | 2.7% |
| FY2019 | 16.4% | 0.21× | 6.08× | 21.0% |
| FY2018 | 12.4% | 0.20× | 6.48× | 15.8% |
| FY2017 | 22.6% | 0.19× | 6.46× | 27.3% |
| FY2016 | 6.8% | 0.16× | 6.49× | 6.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$113.76M
- Cash generatingOperating cash flow above zero$283.24M
- Return on assets improvedROA up on the prior year4.1% → 3.5%
- Earnings backed by cashOperating cash flow above net income$283.24M vs $113.76M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise20M → 21M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.21 → 0.22