What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Willis Lease Finance WLFC Gross Profit

Discontinued — last reported Q4 '19

Gross Profit at other companies

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$306.43M+20.9%

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$154.7M+17.5%

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$128.39M+19.4%

Honeywell InternationalHON

$3.54B+2.2%

StandardAeroSARO

——

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Other financials

Income statement

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Revenue$194.3M+23.2%

Operating income$33.8M+41.4%

Net income$25.1M+48.7%

EPS (diluted)$3.26+47.5%

Balance sheet

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Cash & equivalents$220.6M+47.9%

Total debt$2.4B-3.6%

Total equity$694.4M+22.8%

Total assets$3.5B+7.1%

Cash flow

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Operating cash flow$56.7M+38.2%

CapEx$3.5M-52.7%

Free cash flow$53.1M+58.5%

Valuation

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Market cap$1.72B+1.9%

Profitability

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Gross margin84.7%—

Operating margin14.9%-8.3pp

Net margin15.9%-1.3pp

FCF margin35.4%-4.5pp

Returns & leverage

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Return on equity19.4%-1.0pp

Debt / equity3.5×-1.0×

Where this comes from

Calculated from Willis Lease Finance’s reported figures.

$89.2Mtotal revenue−$15.5Mtotal cost of revenue=$73.77M

The official record: Willis Lease Finance’s 10-K, filed March 15, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.