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Applied Industrial Technologies vs Willis Lease Finance: revenue, profit, margins and growth compared

Applied Industrial Technologies brought in $5B of revenue in fiscal 2026, Willis Lease Finance $730.2M in fiscal 2025. Revenue changed by +8.8% at Applied Industrial Technologies and +28.3% at Willis Lease Finance on the year before, so Willis Lease Finance grew faster. Applied Industrial Technologies kept 8.3% of its revenue as net profit, Willis Lease Finance 15.6%. Free cash flow was $460.5M at Applied Industrial Technologies and $252.2M at Willis Lease Finance.

Side by side, latest fiscal year

AITWLFC
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$5B$730.2M
Revenue growth+8.8%+28.3%
Net income$414.5M$113.8M
Net margin8.3%15.6%
Free cash flow$460.5M$252.2M
Free cash flow margin9.3%34.5%
Earnings per share (diluted)$10.95$15.39
Cash$127.1M$16.4M
Debt$262.3M$2.7B
Price to earnings30.43.5
Market value$12.2B$1.1B
Dividend yield0.60%2.12%
Rank by revenue in sector#203 of 778 · Consumer discretionary#513 of 778 · Consumer discretionary

Over the years

Revenue
AIT FY2019: $3.5BAIT FY2020: $3.2BAIT FY2021: $3.2BAIT FY2022: $3.8BAIT FY2023: $4.4BAIT FY2024: $4.5BAIT FY2025: $4.6BAIT FY2026: $5BWLFC FY2018: $348.3MWLFC FY2019: $409.2MWLFC FY2020: $288.7MWLFC FY2021: $274.2MWLFC FY2022: $311.9MWLFC FY2023: $418.6MWLFC FY2024: $569.2MWLFC FY2025: $730.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AIT $5BWLFC $730.2M
Net income
AIT FY2019: $144MAIT FY2020: $24MAIT FY2021: $144.8MAIT FY2022: $257.4MAIT FY2023: $346.7MAIT FY2024: $385.8MAIT FY2025: $393MAIT FY2026: $414.5MWLFC FY2018: $43.2MWLFC FY2019: $66.9MWLFC FY2020: $9.7MWLFC FY2021: $3.4MWLFC FY2022: $5.4MWLFC FY2023: $43.8MWLFC FY2024: $108.6MWLFC FY2025: $113.8MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AIT $414.5MWLFC $113.8M
Net margin
AIT FY2019: 4.1%AIT FY2020: 0.7%AIT FY2021: 4.5%AIT FY2022: 6.8%AIT FY2023: 7.9%AIT FY2024: 8.6%AIT FY2025: 8.6%AIT FY2026: 8.3%WLFC FY2018: 12.4%WLFC FY2019: 16.4%WLFC FY2020: 3.4%WLFC FY2021: 1.2%WLFC FY2022: 1.7%WLFC FY2023: 10.5%WLFC FY2024: 19.1%WLFC FY2025: 15.6%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AIT 8.3%WLFC 15.6%
Revenue growth
AIT FY2020: -6.5%AIT FY2021: -0.3%AIT FY2022: +17.8%AIT FY2023: +15.8%AIT FY2024: +1.5%AIT FY2025: +1.9%AIT FY2026: +8.8%WLFC FY2019: +17.5%WLFC FY2020: -29.4%WLFC FY2021: -5.0%WLFC FY2022: +13.8%WLFC FY2023: +34.2%WLFC FY2024: +36.0%WLFC FY2025: +28.3%FY19FY20FY21FY22FY23FY24FY25FY26
AIT +8.8%WLFC +28.3%
Free cash flow
AIT FY2019: $161.6MAIT FY2020: $276.6MAIT FY2021: $225.8MAIT FY2022: $169.4MAIT FY2023: $317.5MAIT FY2024: $346.5MAIT FY2025: $465.2MAIT FY2026: $460.5MWLFC FY2018: $185.2MWLFC FY2019: $224MWLFC FY2020: $90.5MWLFC FY2021: $88.5MWLFC FY2022: $137.8MWLFC FY2023: $224.6MWLFC FY2024: $268.8MWLFC FY2025: $252.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AIT $460.5MWLFC $252.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Applied Industrial Technologies and Willis Lease Finance

Which is bigger by revenue, Applied Industrial Technologies or Willis Lease Finance?

Applied Industrial Technologies is bigger by revenue: $5B in fiscal 2026, against $730.2M for Willis Lease Finance in fiscal 2025.

Which keeps more of its revenue as profit, Applied Industrial Technologies or Willis Lease Finance?

Applied Industrial Technologies had a net margin of 8.3% in fiscal 2026; Willis Lease Finance had 15.6% in fiscal 2025.

Which grew revenue faster, Applied Industrial Technologies or Willis Lease Finance?

In their latest fiscal years revenue changed by +8.8% at Applied Industrial Technologies and +28.3% at Willis Lease Finance.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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