Willis Lease Finance Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $730.2M | $569.2M | $418.6M | $311.9M | $274.2M | $288.7M | $409.2M | $348.3M |
| Cost of Revenue | — | — | — | — | — | — | $62.6M | $61.0M |
| Gross Profit | — | — | — | — | — | — | $346.5M | $287.3M |
| Gross Margin | — | — | — | — | — | — | 84.7% | 82.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $194.7M | $146.8M | $115.7M | $92.5M | $75.4M | $67.9M | $86.5M | $72.0M |
| Operating Income | $104.3M | $144.4M | $64.2M | $9.9M | $8.3M | $14.7M | $80.3M | $52.5M |
| Operating Margin | 14.3% | 25.4% | 15.3% | 3.2% | 3.0% | 5.1% | 19.6% | 15.1% |
| Interest Expense | $132.1M | $104.8M | $78.8M | $66.7M | $68.0M | $63.0M | $66.9M | $64.2M |
| Pretax Income | $160.6M | $152.6M | $67.1M | $9.8M | $9.1M | $17.3M | $88.9M | $56.3M |
| Income Tax Expense | $46.8M | $44.0M | $23.3M | $4.4M | $5.8M | $7.6M | $22.0M | $13.0M |
| Net Income | $113.8M | $108.6M | $43.8M | $5.4M | $3.4M | $9.7M | $66.9M | $43.2M |
| Net Margin | 15.6% | 19.1% | 10.5% | 1.7% | 1.2% | 3.4% | 16.4% | 12.4% |
| EPS (Basic) | $16.00 | $15.97 | $6.40 | $0.35 | $0.00 | $1.07 | $10.90 | $6.75 |
| EPS (Diluted) | $15.39 | $15.34 | $6.23 | $0.33 | $0.00 | $1.05 | $10.50 | $6.60 |
| Shares Outstanding (Basic) | 6.8M | 6.5M | 6.3M | 6.1M | 6.1M | 6.0M | 5.8M | 5.9M |
| Shares Outstanding (Diluted) | 7.0M | 6.8M | 6.5M | 6.3M | 6.3M | 6.1M | 6.1M | 6.0M |
| Dividends Per Share | $1.15 | $1.50 | — | — | — | — | — | — |