Filing Flows › Willis Lease Finance (WLFC) › Q3 2025
Willis Lease Finance (WLFC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Willis Lease Finance (WLFC) reported revenue of $183M for the third quarter 2025 (Q3 2025), +25% from a year earlier and -6% from the quarter before. Operating margin was 20.7%, net earnings $24.3M (13.3% of revenue).
Willis Lease Finance, Q3 2025: revenue $183M (+25% year over year), operating margin 20.7%, net earnings $24.3M, operating cash flow $63.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $183M | -6% | +25% |
| Operating profit | $38.0M | +35% | +13% |
| Net earnings | $24.3M | -60% | +0.9% |
| Operating cash flow | $63.9M | -39% | -26% |
| Free cash flow | $57.8M | -39% | -33% |
What changed
Revenue was $183.4M in Q3 2025, up 25% year over year and down 6% from the previous quarter.
Operating profit was $38.0M, a 20.7% margin (down 2.3 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, below the 23% margin then. Total costs grew 29% against revenue growth of 25%. The fastest-growing cost line was Other operating costs (+41%). Net earnings were $24.3M, up 1% year over year. The effective tax rate was 43.7%.
Operating cash flow was $63.9M (down 26% year over year), 263% of net earnings. Non-cash charges added back $28.7M of depreciation and amortization and $11.3M of share-based compensation. Capital expenditures of $6.0M left free cash flow of $57.8M.
Questions
What was Willis Lease Finance's revenue in the third quarter 2025?
Willis Lease Finance (WLFC) reported revenue of $183M for the third quarter 2025 (Q3 2025), +25% from a year earlier and -6% from the quarter before.
Was Willis Lease Finance profitable in the third quarter 2025?
Operating profit was $38.0M (20.7% of revenue) and net earnings $24.3M.