Latest Ratios: P/E Ratio 13.0x · EV/EBITDA 20.4x · ROE 17.8%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.4B | $2.9B | $4.2B | $950M | $1.1B | $717M | $560M | $1.1B | $627M | $466M | $515M |
| Enterprise Value | $6.1B | $5.6B | $6.5B | $2.7B | $2.9B | $2.5B | $2.2B | $2.3B | $2.0B | $1.5B | $1.4B |
| P/E Ratio → | 13.00 | 26.44 | 40.59 | 23.53 | 535.97 | 41833.33 | 86.98 | 16.83 | 14.51 | 7.73 | 37.45 |
| P/S Ratio | 4.06 | 4.23 | 7.44 | 2.27 | 3.57 | 2.61 | 1.94 | 2.62 | 1.80 | 1.69 | 2.49 |
| P/B Ratio | 4.08 | 3.94 | 7.71 | 2.16 | 2.75 | 1.91 | 1.35 | 2.68 | 2.19 | 1.80 | 2.63 |
| P/FCF | — | — | — | 15.59 | — | — | — | — | — | — | — |
| P/OCF | 11.86 | 10.08 | 14.90 | 4.14 | 7.72 | 7.91 | 5.99 | 4.65 | 3.33 | 3.44 | 5.11 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.22 | 11.40 | 6.56 | 9.46 | 9.09 | 7.55 | 5.67 | 5.61 | 5.62 | 6.78 |
| EV / EBITDA | 20.42 | 16.85 | 27.09 | 17.70 | 30.07 | 25.22 | 19.94 | 13.92 | 15.11 | 16.27 | 15.90 |
| EV / EBIT | 27.78 | 18.60 | 25.22 | 18.82 | 38.54 | 32.32 | 27.11 | 14.89 | 16.21 | 18.22 | 21.59 |
| EV / FCF | — | — | — | 45.05 | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.7% | 65.7% | 75.4% | 69.6% | 65.0% | 61.5% | 61.4% | 63.6% | 60.4% | 61.1% | 61.6% |
| Operating Margin | 32.3% | 32.3% | 25.4% | 15.3% | 3.2% | 3.0% | 5.1% | 19.6% | 15.1% | 10.5% | 10.7% |
| Net Profit Margin | 16.8% | 16.8% | 19.1% | 10.5% | 1.7% | 1.2% | 3.4% | 16.4% | 12.4% | 22.6% | 6.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.8% | 17.8% | 22.0% | 10.4% | 1.4% | 0.8% | 2.4% | 19.5% | 15.8% | 27.3% | 6.9% |
| ROA | 3.1% | 3.1% | 3.7% | 1.7% | 0.2% | 0.1% | 0.4% | 3.5% | 2.4% | 4.2% | 1.1% |
| ROIC | 5.3% | 5.3% | 4.3% | 2.2% | 0.3% | 0.3% | 0.6% | 3.7% | 2.7% | 1.8% | 1.5% |
| ROCE | 6.2% | 6.2% | 5.0% | 2.5% | 0.4% | 0.3% | 0.7% | 4.4% | 3.0% | 2.0% | 1.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.74 | 3.74 | 4.12 | 4.11 | 4.56 | 4.76 | 4.10 | 3.14 | 4.66 | 4.19 | 4.59 |
| Debt / EBITDA | 8.23 | 8.23 | 9.45 | 11.62 | 18.83 | 18.11 | 15.54 | 7.53 | 10.34 | 11.44 | 10.18 |
| Net Debt / Equity | — | 3.72 | 4.11 | 4.09 | 4.53 | 4.72 | 3.91 | 3.12 | 4.62 | 4.16 | 4.54 |
| Net Debt / EBITDA | 8.18 | 8.18 | 9.41 | 11.57 | 18.70 | 17.97 | 14.82 | 7.49 | 10.25 | 11.37 | 10.07 |
| Debt / FCF | — | — | — | 29.46 | — | — | — | — | — | — | — |
| Interest Coverage | 2.17 | 2.17 | 2.46 | 1.85 | 1.15 | 1.13 | 1.28 | 2.33 | 1.88 | 1.74 | 1.58 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.09 | 3.09 | 3.85 | 3.74 | 4.26 | 8.27 | 2.12 | 1.20 | 3.20 | 3.87 | 4.45 |
| Quick Ratio | 2.82 | 2.82 | 3.22 | 3.32 | 3.62 | 6.91 | 1.37 | 0.92 | 2.19 | 3.33 | 3.37 |
| Cash Ratio | 0.08 | 0.08 | 0.08 | 0.07 | 0.20 | 0.38 | 1.01 | 0.05 | 0.24 | 0.23 | 0.43 |
| Asset Turnover | — | 0.17 | 0.17 | 0.16 | 0.12 | 0.11 | 0.12 | 0.21 | 0.18 | 0.17 | 0.15 |
| Inventory Turnover | 4.10 | 4.10 | 1.94 | 3.11 | 2.83 | 2.07 | 1.87 | 3.57 | 2.82 | 6.52 | 3.13 |
| Days Sales Outstanding | — | 19.29 | 142.30 | 131.77 | 150.24 | 206.43 | 35.74 | 21.46 | 24.38 | 25.03 | 29.03 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.5% | 0.6% | 0.3% | 0.5% | 0.3% | — |
| Payout Ratio | 7.7% | 7.7% | 9.9% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.7% | 3.8% | 2.5% | 4.2% | 0.2% | 0.0% | 1.1% | 5.9% | 6.9% | 12.9% | 2.7% |
| FCF Yield | — | — | — | 6.4% | — | — | — | — | — | — | — |
| Buyback Yield | 0.1% | 0.1% | 0.2% | 0.6% | 0.8% | 2.1% | 0.5% | 0.5% | 2.8% | 1.0% | 5.9% |
| Total Shareholder Yield | 0.4% | 0.4% | 0.4% | 1.0% | 1.1% | 2.6% | 1.1% | 0.8% | 3.3% | 1.3% | 5.9% |
| Shares Outstanding | — | $63M | $61M | $58M | $57M | $57M | $55M | $55M | $54M | $56M | $60M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying WLFC stock.
Willis Lease Finance Corporation's current P/E ratio is 13.0x. The historical average is 51.3x. This places it at the 7th percentile of its historical range.
Willis Lease Finance Corporation's current EV/EBITDA is 20.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.8x.
Willis Lease Finance Corporation's return on equity (ROE) is 17.8%. The historical average is 9.4%.
Based on historical data, Willis Lease Finance Corporation is trading at a P/E of 13.0x. This is at the 7th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Willis Lease Finance Corporation's current dividend yield is 0.29% with a payout ratio of 7.7%.
Willis Lease Finance Corporation has 65.7% gross margin and 32.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Willis Lease Finance Corporation's Debt/EBITDA ratio is 8.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Fleet leverage with thin cash
Metrics are mathematically derived from official filings.
Headline Multiples Mask Earnings Volatility
WLFC trades at a 27.40 trailing P/E against an 8.54 forward P/E, according to the supplied valuation multiples, a gap that reflects sharply uneven reported earnings rather than a clean growth signal.
The compression from trailing to forward earnings implies the market is looking through a depressed recent quarter, but a PEG of 0.39 rests on a growth estimate that the volatile quarterly net margins from 4.7% to 30.9% do not yet validate. Against a 4.08 P/B, investors are paying a premium for book value that the 1.5% to 9.7% ROE range does not clearly justify, which warrants further investigation before treating the forward multiple as a reliable anchor.
Margin Swings Undermine Earning Power Read
Gross margin moved from 93.4% in 2025Q3 to 4.7% in 2026Q3 per the supplied ratio data, a swing too large to read as ordinary pricing movement and one that clouds any estimate of recurring profitability.
Operating margin compressed from 38.4% in 2026Q1 to 4.7% in 2026Q3 while net margin in 2025Q2 at 30.9% exceeded operating margin at 14.5%, suggesting non-operating items are material to reported earnings. For a leasing business, net margin is a more defensible measure of earning power only after stripping out gains and fleet-related timing effects, which the supplied data does not separate.
Debt Load Stable but Coverage Thin
Debt-to-equity has held between 3.01 and 4.11 over ten quarters, with 3.04 in 2026Q3, while interest coverage fell to 1.58 in the latest quarter from 3.36 in 2024Q2, based on the supplied ratio series.
Coverage at 1.58 leaves a narrow margin between operating earnings and interest obligations, and the zero coverage reading in 2026Q2 is best treated as a data gap rather than a conclusion. Stabilization of leverage near three times is encouraging, but a D/EBITDA of 58.92 in 2026Q3 suggests debt service capacity is sensitive to earnings timing and warrants monitoring of refinancing terms.
Current Ratio Adequate on Paper Only
The current ratio of 2.19 and quick ratio of 1.89 in 2026Q3 appear adequate, yet cash of only $11.1M against roughly $3.2B of total liabilities leaves a thin immediate buffer under the supplied balance sheet figures.
Headline liquidity ratios are supported by receivables and fleet-related current assets whose conversion speed is not disclosed in the supplied data, so the quick ratio may overstate near-term flexibility. Under a severe stress scenario, the position would depend on the timing of lease receipts and the classification of short-term obligations, both of which investors should monitor.
Misapplied P/E in Asset-Heavy Leasing
The trailing P/E is the ratio most commonly misapplied to lessors like WLFC, since depreciation and fleet timing distort reported net income that the 27.40 multiple depends on.
For an asset-heavy lessor, EV/EBITDA or price-to-tangible-book with fleet-level cash yield gives a cleaner picture than P/E, because depreciation and gains on sale swing net income independently of leasing economics. The supplied data does not include fleet utilization or lease yield, so any conclusion about relative value should be treated as provisional until those metrics are reviewed.