Willis Lease Finance Corp (WLFC) financials
Willis Lease Finance revenue and earnings by year
Willis Lease Finance's revenue was $730 million in the fiscal year to December 31, 2025, up 28.3% from the year before. Net income was $114 million, 15.6% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 15.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 730 | 569 | 419 | 312 | 274 | 289 | 409 | 348 | 275 | 207 |
| Revenue growth | 28.3% | 36.0% | 34.2% | 13.8% | -5.0% | -29.4% | 17.5% | 26.7% | 32.6% | — |
| Gross profit | 638 | 546 | 403 | 291 | 259 | 272 | 347 | 287 | 234 | 194 |
| Gross margin | 87.4% | 96.0% | 96.4% | 93.3% | 94.6% | 94.2% | 84.7% | 82.5% | 85.1% | 93.6% |
| Operating income | 267 | 274 | 164 | 74 | 76 | 82 | 147 | 117 | 78 | 63 |
| Operating margin | 36.6% | 48.1% | 39.2% | 23.7% | 27.8% | 28.5% | 36.0% | 33.5% | 28.2% | 30.6% |
| Net income | 114 | 109 | 44 | 5 | 3 | 10 | 67 | 43 | 62 | 14 |
| Net margin | 15.6% | 19.1% | 10.5% | 1.7% | 1.2% | 3.4% | 16.4% | 12.4% | 22.6% | 6.8% |
| Diluted EPS | $5.13 | $5.11 | $2.08 | $0.11 | $0.00 | $0.34 | $3.50 | $2.21 | $3.24 | $0.68 |
| Free cash flow | -3 | -391 | 146 | -79 | -80 | -293 | 126 | -192 | -203 | -21 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open WLFC in Markets.
See also: WLFC valuation and P/E history · WLFC returns
No forecast, no recommendation. This page describes Willis Lease Finance Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.