Willis Lease Finance Corporation (WLFC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 194.35M | 193.62M | 180.03M | 195.5M | 157.73M | 152.8M | 146.22M | 151.12M | 119.08M | 114.28M | 105.75M | 109M | 89.53M | 88.14M | 76.89M | 78.08M | 68.82M | 75.81M | 70.79M | 66.47M |
| Revenue Growth % | 23.21% | 26.72% | 23.12% | 29.37% | 32.46% | 33.7% | 38.28% | 38.65% | 33% | 29.65% | 37.53% | 39.6% | 30.11% | 16.26% | 8.62% | 17.46% | 12.58% | 23.3% | 0.25% | -11.35% |
| Cost of Goods Sold | 0 | 81.31M | 11.82M | 64.27M | 45.68M | 36.83M | 38.91M | 33.27M | 30.77M | 28.42M | 30.69M | 30.39M | 30.98M | 27.53M | 26.26M | 28.63M | 26.67M | 25.67M | 25.2M | 26.62M |
| COGS % of Revenue | - | 42% | 6.57% | 32.88% | 28.96% | 24.1% | 26.61% | 22.02% | 25.83% | 24.87% | 29.02% | 27.89% | 34.6% | 31.24% | 34.16% | 36.66% | 38.76% | 33.86% | 35.59% | 40.04% |
| Gross Profit | 0 | 112.31M | 168.21M | 131.23M | 112.06M | 115.97M | 107.31M | 117.84M | 88.32M | 85.86M | 75.05M | 78.6M | 58.56M | 60.61M | 50.63M | 49.45M | 42.15M | 50.15M | 45.6M | 39.85M |
| Gross Margin % | - | 58% | 93.43% | 67.12% | 71.04% | 75.9% | 73.39% | 77.98% | 74.17% | 75.13% | 70.98% | 72.11% | 65.4% | 68.76% | 65.84% | 63.34% | 61.24% | 66.14% | 64.41% | 59.96% |
| Gross Profit Growth % | -100% | -3.16% | 56.75% | 11.36% | 26.88% | 35.07% | 42.98% | 49.93% | 50.82% | 41.66% | 48.24% | 58.95% | 38.95% | 20.87% | 11.04% | 24.08% | 27.04% | 44.01% | 7.37% | -17.95% |
| Operating Expenses | 56.6M | 56.69M | 130.19M | 102.96M | 88.15M | 86.57M | 73.61M | 63.77M | 61.1M | 69.08M | 55.05M | 59.16M | 50.56M | 43.88M | 41.88M | 39.96M | 67.25M | 45.55M | 39.51M | 41.03M |
| OpEx % of Revenue | 29.13% | 29.28% | 72.31% | 52.67% | 55.89% | 56.66% | 50.34% | 42.2% | 51.31% | 60.44% | 52.06% | 54.28% | 56.47% | 49.78% | 54.47% | 51.19% | 97.72% | 60.07% | 55.81% | 61.72% |
| Selling, General & Admin | 56.6M | 47.4M | 57.54M | 50.43M | 47.72M | 42.45M | 40.04M | 34.69M | 29.58M | 39.2M | 26.55M | 31.73M | 27.83M | 25.71M | 22.79M | 20.43M | 23.61M | 21.04M | 18.66M | 19.5M |
| SG&A % of Revenue | 29.13% | 24.48% | 31.96% | 25.79% | 30.25% | 27.78% | 27.38% | 22.95% | 24.84% | 34.3% | 25.1% | 29.11% | 31.08% | 29.17% | 29.64% | 26.16% | 34.3% | 27.75% | 26.36% | 29.33% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 33.79M | 55.62M | 38.02M | 28.27M | 23.9M | 29.4M | 33.7M | 54.08M | 27.22M | 16.78M | 20M | 19.44M | 8M | 16.73M | 8.74M | 9.48M | -25.11M | 4.6M | 6.08M | -1.17M |
| Operating Margin % | 17.39% | 28.72% | 21.12% | 14.46% | 15.15% | 19.24% | 23.05% | 35.78% | 22.86% | 14.69% | 18.91% | 17.84% | 8.93% | 18.98% | 11.37% | 12.15% | -36.48% | 6.07% | 8.6% | -1.77% |
| Operating Income Growth % | 41.36% | 89.18% | 12.82% | -47.73% | -12.18% | 75.15% | 68.54% | 178.15% | 240.31% | 0.31% | 128.73% | 104.98% | 131.86% | 263.66% | 43.68% | 907.92% | -2042.06% | 165.72% | 32.8% | -113.36% |
| EBITDA | 63.97M | 85.93M | 66.69M | 56.4M | 49.84M | 54.8M | 58.6M | 76.5M | 49.7M | 39.58M | 43.09M | 41.94M | 30.55M | 39.51M | 30.8M | 31.1M | -3.3M | 26.35M | 27.36M | 22.17M |
| EBITDA Margin % | 32.91% | 44.38% | 37.04% | 28.85% | 31.6% | 35.86% | 40.08% | 50.62% | 41.74% | 34.63% | 40.75% | 38.47% | 34.12% | 44.83% | 40.06% | 39.83% | -4.79% | 34.76% | 38.65% | 33.35% |
| EBITDA Growth % | 28.34% | 56.81% | 13.8% | -26.28% | 0.28% | 38.46% | 36.01% | 82.43% | 62.71% | 0.17% | 39.88% | 34.86% | 1026.79% | 49.95% | 12.58% | 40.29% | -114.35% | 61.02% | -4.35% | -31.91% |
| D&A (Non-Cash Add-back) | 30.18M | 30.32M | 28.66M | 28.13M | 25.94M | 25.4M | 24.9M | 22.43M | 22.49M | 22.79M | 23.09M | 22.49M | 22.55M | 22.78M | 22.06M | 21.61M | 21.81M | 21.75M | 21.27M | 23.34M |
| EBIT | 0 | 50.06M | 74.03M | 107.87M | 57.35M | 59.78M | 62.27M | 82.47M | 52.9M | 43.25M | 39.4M | 38.05M | 25.23M | 35.73M | 24.66M | 26.98M | -10.84M | 24.24M | 24.43M | 15.13M |
| Net Interest Income | 0 | -32.22M | -30.82M | -33.57M | -32.09M | -29.39M | -27.81M | -24.56M | -23M | -22.27M | -19.05M | -19.09M | -18.39M | -17.53M | -16.3M | -16.02M | -16.88M | -17.65M | -18.32M | -16.99M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 32.63M | 32.22M | 30.82M | 33.57M | 32.09M | 29.39M | 27.81M | 24.56M | 23M | 22.27M | 19.05M | 19.09M | 18.39M | 17.53M | 16.3M | 16.02M | 16.88M | 17.65M | 18.32M | 16.99M |
| Other Income/Expense | 3.05M | -37.78M | 5.19M | 46.03M | 1.35M | 992K | 756K | 3.83M | 2.67M | 4.2M | 346K | -474K | -1.16M | 1.47M | -384K | 1.47M | -2.62M | 1.98M | 21K | -685K |
| Pretax Income | 36.84M | 17.84M | 43.22M | 74.3M | 25.25M | 30.39M | 34.46M | 57.9M | 29.89M | 20.98M | 20.34M | 18.97M | 6.84M | 18.2M | 8.36M | 10.95M | -27.72M | 6.58M | 6.11M | -1.86M |
| Pretax Margin % | 18.95% | 9.21% | 24.01% | 38% | 16.01% | 19.89% | 23.57% | 38.32% | 25.1% | 18.36% | 19.24% | 17.4% | 7.64% | 20.65% | 10.87% | 14.03% | -40.28% | 8.68% | 8.63% | -2.8% |
| Income Tax | 11.76M | 5.65M | 18.89M | 13.92M | 8.38M | 9.33M | 10.36M | 15.32M | 9.02M | 10.03M | 5.73M | 5.15M | 2.44M | 3.86M | 1.97M | 5.05M | -6.52M | 4.84M | 3.22M | -1.92M |
| Effective Tax Rate % | 31.91% | 31.68% | 43.72% | 18.74% | 33.2% | 30.7% | 30.08% | 26.45% | 30.19% | 47.8% | 28.15% | 27.16% | 35.73% | 21.2% | 23.57% | 46.07% | 23.52% | 73.54% | 52.77% | 103.12% |
| Net Income | 23.66M | 12.19M | 24.32M | 60.38M | 16.87M | 21.06M | 24.1M | 42.59M | 20.87M | 10.95M | 14.62M | 13.82M | 4.39M | 14.34M | 6.39M | 5.91M | -21.2M | 1.74M | 2.88M | 58K |
| Net Margin % | 12.17% | 6.29% | 13.51% | 30.88% | 10.69% | 13.78% | 16.48% | 28.18% | 17.52% | 9.58% | 13.82% | 12.68% | 4.91% | 16.27% | 8.31% | 7.57% | -30.81% | 2.3% | 4.07% | 0.09% |
| Net Income Growth % | 40.26% | -42.13% | 0.95% | 41.78% | -19.17% | 92.29% | 64.84% | 208.24% | 374.94% | -23.64% | 128.8% | 133.85% | 120.73% | 723.36% | 121.53% | 10086.21% | -1491.67% | 160.19% | -3.35% | -98.92% |
| Net Income (Continuing) | 23.66M | 12.19M | 24.32M | 60.38M | 16.87M | 21.06M | 24.1M | 42.59M | 20.87M | 10.95M | 14.62M | 13.82M | 4.39M | 14.34M | 6.39M | 5.91M | -21.2M | 1.74M | 2.88M | 58K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.49 | 1.52 | 3.25 | 8.43 | 2.21 | 2.81 | 3.37 | 6.21 | 3.00 | 1.53 | 2.13 | 2.02 | 0.55 | 2.12 | 0.89 | 0.81 | -3.70 | 0.14 | 0.32 | -0.12 |
| EPS Growth % | 57.92% | -45.91% | -3.56% | 35.75% | -26.33% | 83.66% | 58.22% | 207.43% | 445.45% | -27.83% | 139.33% | 149.38% | 114.86% | 1414.29% | 178.13% | 775% | -927.78% | 122.58% | -8.57% | -116.22% |
| EPS (Basic) | 3.49 | 1.58 | 3.36 | 8.68 | 2.34 | 2.97 | 3.51 | 6.34 | 3.12 | 1.57 | 2.16 | 2.04 | 0.58 | 2.21 | 0.91 | 0.83 | -3.70 | 0.15 | 0.33 | -0.12 |
| Diluted Shares Outstanding | 7.25M | 7.06M | 7.03M | 6.99M | 7M | 6.98M | 6.86M | 6.71M | 6.66M | 6.56M | 6.47M | 6.44M | 6.46M | 6.38M | 6.27M | 6.25M | 5.95M | 6.3M | 6.36M | 6.22M |
| Basic Shares Outstanding | 6.78M | 6.81M | 6.81M | 6.79M | 6.61M | 6.6M | 6.58M | 6.57M | 6.39M | 6.38M | 6.37M | 6.35M | 6.12M | 6.11M | 6.09M | 6.13M | 5.95M | 6.04M | 6.19M | 6.22M |
| Dividend Payout Ratio | - | 71.55% | 15.41% | 3.18% | 10.86% | 8.52% | 7.42% | - | - | - | - | - | - | - | - | - | - | - | - | - |