Filing Flows › Willis Lease Finance (WLFC) › Q1 2025
Willis Lease Finance (WLFC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Willis Lease Finance (WLFC) reported revenue of $158M for the first quarter 2025 (Q1 2025), +32% from a year earlier and +3% from the quarter before. Operating margin was 15.2%, net earnings $16.9M (10.7% of revenue).
Willis Lease Finance, Q1 2025: revenue $158M (+32% year over year), operating margin 15.2%, net earnings $16.9M, operating cash flow $41.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $158M | +3% | +32% |
| Operating profit | $23.9M | -19% | -12% |
| Net earnings | $16.9M | -20% | -19% |
| Operating cash flow | $41.0M | -40% | -31% |
| Free cash flow | $33.5M | -39% | -44% |
What changed
Revenue was $157.7M in Q1 2025, up 32% year over year and up 3% from the previous quarter.
Operating profit was $23.9M, a 15.2% margin (down 7.7 points year over year). Operating profit fell $3.3M even though revenue rose $38.6M versus a year earlier, so costs grew faster than sales. Total costs grew 46% against revenue growth of 32%. The fastest-growing cost line was Sales & marketing (+466%). Net earnings were $16.9M, down 19% year over year. The effective tax rate was 33.2%.
Operating cash flow was $41.0M (down 31% year over year), 243% of net earnings. Non-cash charges added back $25.0M of depreciation and amortization and $6.9M of share-based compensation. Working capital and other items used $7.8M. Capital expenditures of $7.5M left free cash flow of $33.5M.
Questions
What was Willis Lease Finance's revenue in the first quarter 2025?
Willis Lease Finance (WLFC) reported revenue of $158M for the first quarter 2025 (Q1 2025), +32% from a year earlier and +3% from the quarter before.
Was Willis Lease Finance profitable in the first quarter 2025?
Operating profit was $23.9M (15.2% of revenue) and net earnings $16.9M.