WLFCWILLIS LEASE FINANCE CORP
Wholesale-Machinery, Equipment & Supplies
- Revenue
- $730M
- 28% YoY
- Operating margin
- 14.3%
- 44% YoY
- EBITDA
- $216M
- 8.9% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 10.7×
- $2.3B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear248% of net incomeCash flow under 80% of net income
- Dilutive SBCClear6% of revenueOver 10% of revenue
- Payouts exceed cash flowClear4% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $274M | $312M | $419M | $569M | $730M | 28% |
| Operating income | $8M | $10M | $64M | $144M | $104M | 28% |
| Net income | $3M | $5M | $44M | $109M | $114M | 4.6% |
| Operating cash flow | $91M | $144M | $230M | $284M | $283M | 0.4% |
| Capex | $2M | $7M | $5M | $16M | $31M | 99% |
| Stock-based comp | $17M | $14M | $15M | $29M | $45M | 52% |
| Buybacks | $10M | $5M | $9M | $0 | $4M | |
| Dividends | — | — | $0 | $11M | $9M | 19% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 3
- Net
- −$2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 236 | — |
| FY2024 | — | — | 359 | — |
| FY2023 | — | — | 83 | — |