WILLIS LEASE FINANCE CORP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $730.2M | $569.2M | $1.25B | $1.06B | $908.0M | $767.6M | $704.3M | $624.4M |
| Insurance | — | — | $1.09B | $912.4M | $795.6M | $682.4M | $615.8M | $552.1M |
| Financial | — | — | $168.2M | $145.6M | $112.4M | $85.2M | $88.5M | $72.3M |
| Cost of Revenue | — | — | — | — | — | — | $62.6M | $61.0M |
| Gross Profit | — | — | — | — | — | — | $641.7M | $563.4M |
| Gross Margin | — | — | — | — | — | — | 91.1% | 90.2% |
| 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% | 5.1% | 0.9% | 0.9% | 1.9% | 11.4% | 8.4% |
| 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% | 3.5% | 0.5% | 0.4% | 1.3% | 9.5% | 6.9% |
| 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 | — | — | — | — | — | — |