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Willis Lease Finance
(NASDAQ:WLFC)
Willis Lease Finance (WLFC) vs. SPDR S&P 500 ETF (SPY)
Willis Lease Finance Business Overview & Revenue Model
Willis Lease Finance Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 569.22M | 407.97M | 311.93M | 274.20M | 288.69M | Gross Profit |
| 429.44M | 301.84M | 202.83M | 168.77M | 177.39M | EBIT |
| 144.40M | 136.83M | 7.57M | -5.66M | 11.05M | EBITDA |
| 345.63M | 236.85M | 164.80M | 167.63M | 176.90M | Net Income Common Stockholders |
| 108.61M | 43.78M | 5.44M | 3.35M | 9.75M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 9.11M | 7.07M | 12.15M | 14.33M | 42.54M | Total Assets |
| 3.30B | 2.65B | 2.58B | 2.46B | 2.36B | Total Debt |
| 2.26B | 1.80B | 1.85B | 1.79B | 1.69B | Net Debt |
| 2.26B | 1.80B | 1.84B | 1.78B | 1.65B | Total Liabilities |
| 2.75B | 2.16B | 2.17B | 2.09B | 2.00B | Stockholders Equity |
| 549.34M | 488.93M | 404.69M | 375.88M | 364.01M |
| Cash Flow | Free Cash Flow | |||
| -546.07M | 60.96M | -148.60M | -117.29M | -318.78M | Operating Cash Flow |
| 284.41M | 229.74M | 144.42M | 90.66M | 93.44M | Investing Cash Flow |
| -764.91M | -92.78M | -194.38M | -148.00M | -506.67M | Financing Cash Flow |
| 444.98M | -57.94M | 43.33M | 74.05M | 428.48M |
Willis Lease Finance Technical Analysis
Willis Lease Finance Risk Analysis
Willis Lease Finance Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $1.19B | 6.04 | 33.88% | 1.66% | 4.62% | 101.14% | |
70 Outperform | $1.22B | 23.67 | 9.51% | ― | -13.95% | -63.37% | |
69 Neutral | $951.16M | 9.44 | 18.32% | 0.54% | 32.55% | 70.32% | |
68 Neutral | $887.73M | 10.59 | 17.74% | 2.49% | -3.95% | -14.56% | |
64 Neutral | $4.46B | 11.94 | 5.17% | 249.36% | 4.00% | -12.35% | |
64 Neutral | $1.06B | ― | -3.76% | ― | -0.61% | -248.58% | |
43 Neutral | $1.44B | ― | -148.98% | ― | ― | -2.94% |
Willis Lease Finance Earnings Call Summary
Willis Lease Finance Corporate Events
On May 14, 2025, Dean Poulakidas resigned as General Counsel and Corporate Secretary of Willis Lease Finance Corporation, receiving a compensation package totaling approximately $6.8 million, which includes accelerated stock vesting. His successor, Clifton Dameron, was appointed on the same day, bringing extensive experience in aviation and corporate law, having previously served as Chief Legal Officer at Carlyle Aviation Partners. Dameron’s appointment is expected to strengthen WLFC’s legal functions and support its market opportunities.
On May 7, 2025, Willis Asset Management Limited, a subsidiary of Willis Lease Finance Corporation, entered into a Share Purchase Agreement to sell Bridgend Asset Management Limited, its UK-based aviation consultancy business, to Willis Mitsui & Co Engine Support Limited for $45 million. This strategic move aims to enhance the joint venture’s capabilities in aviation services and expand its service offerings and asset portfolio, reflecting WLFC’s commitment to strengthening collaboration with Mitsui & Co., Ltd. The transaction is expected to unlock fresh capital for WLFC, which can be reinvested to accelerate its portfolio growth, and further solidify the long-term relationship between WLFC and Mitsui.
On April 22, 2025, Willis Lease Finance Corporation announced it will release its first quarter 2025 financial results on May 6, 2025, followed by a conference call to discuss these results. This announcement is part of the company’s ongoing efforts to keep stakeholders informed about its financial performance and operational strategies, potentially impacting its market positioning and stakeholder confidence.
On March 31, 2025, Willis Lease Finance Corporation’s Compensation Committee approved an amendment to the employment agreement with Charles F. Willis IV, canceling a non-qualified stock option for 231,000 shares and altering the vesting schedule for a restricted stock award. This amendment impacts Mr. Willis’s compensation structure, aligning it with the company’s 2023 Incentive Stock Plan, and affects the vesting conditions based on his continued service or termination circumstances.
On March 13, 2025, Willis Lease Finance Corporation’s Board of Directors approved a renewed and amended employment agreement for Charles F. Willis IV, who will continue as Executive Chairman. The agreement includes a five-year term with automatic renewals, an initial annual base salary of $1,269,000, and a target annual bonus of 150% of the base salary. Additionally, the agreement introduces a new trigger for change in control and includes a grant of restricted stock and stock options for Mr. Willis, which are subject to vesting conditions and are part of the company’s incentive plan.
Willis Lease Finance Corporation reported record financial results for 2024, with total revenues reaching $569.2 million and pre-tax income at $152.6 million. The company experienced significant growth in core lease rent and maintenance reserve revenues, driven by a robust aviation market, and successfully reinvested earnings into high-demand engines and aircraft. The book value of lease assets increased significantly, and the company expanded its credit facility to support further growth. These achievements reflect the company’s strong market position and operational efficiency, benefiting stakeholders through increased dividends and asset value.