Leasing & Related Operations was Willis Lease Finance’s largest segment in fiscal 2023, bringing in $398.19M of $418.77M (95%).
| Segment | FY 2014 | FY 2015 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Leasing & Related Operations | $271.57M | $256.78M | $286.03M | $398.19M | |||||
| Leasing & Related Operations | — | — | — | — | |||||
| Spare Parts Sales | $17.84M | $17.57M | $26.09M | $20.57M | |||||
| Spare Parts Sales | — | — | — | — | |||||
| Total | $289.41M | $274.35M | $312.11M | $418.77M |
Willis Lease Finance brought in $418.77M from its two segments in fiscal 2023, the year ended December 31, 2023. That was up 34.2% from $312.11M in fiscal 2022. Leasing & Related Operations was the largest at $398.19M (95.1%), ahead of Spare Parts Sales at $20.57M (4.9%).
Compared with fiscal 2022, Leasing & Related Operations grew 39.2% to $398.19M, while Spare Parts Sales fell 21.1% to $20.57M. From fiscal 2020 to 2023, combined revenue from these segments grew from $289.41M to $418.77M, a compound annual growth rate of 13.1%. Leasing & Related Operations' share of the total rose from 93.8% to 95.1%.
Willis Lease Finance (WLFC) reports its revenue by segment. In fiscal 2023, Leasing & Related Operations was its largest segment, bringing in $398.19M (95.1% of the total), followed by Spare Parts Sales at $20.57M (4.9%).
Leasing & Related Operations was Willis Lease Finance's largest segment in fiscal 2023, bringing in $398.19M, or 95.1% of the $418.77M total across its two segments.
Leasing & Related Operations grew faster than Spare Parts Sales in fiscal 2023, up 39.2% from $286.03M to $398.19M. Spare Parts Sales fell 21.1% to $20.57M.
Every figure comes from Willis Lease Finance's annual financial filings, as reported. Each line keeps the name Willis Lease Finance gives it, and years follow its fiscal calendar.
Willis Lease Finance's revenue by segment goes back to fiscal 2014, with figures through fiscal 2023. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.