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Distribution Solutions vs Willis Lease Finance: revenue, profit, margins and growth compared

Distribution Solutions brought in $2B of revenue in fiscal 2025, Willis Lease Finance $730.2M in fiscal 2025. Revenue changed by +9.8% at Distribution Solutions and +28.3% at Willis Lease Finance on the year before, so Willis Lease Finance grew faster. Distribution Solutions kept 0.4% of its revenue as net profit, Willis Lease Finance 15.6%. Free cash flow was $62.8M at Distribution Solutions and $252.2M at Willis Lease Finance.

Side by side, latest fiscal year

DSGRWLFC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2B$730.2M
Revenue growth+9.8%+28.3%
Net income$8.3M$113.8M
Net margin0.4%15.6%
Free cash flow$62.8M$252.2M
Free cash flow margin3.2%34.5%
Earnings per share (diluted)$0.18$15.39
Cash$61.8M$16.4M
Debt$664.2M$2.7B
Price to earnings194.23.5
Market value$1.6B$1.1B
Dividend yieldn/a2.12%
Rank by revenue in sector#355 of 778 · Consumer discretionary#513 of 778 · Consumer discretionary

Over the years

Revenue
DSGR FY2018: $349.6MDSGR FY2019: $370.8MDSGR FY2020: $351.6MDSGR FY2021: $520.3MDSGR FY2022: $1.2BDSGR FY2023: $1.6BDSGR FY2024: $1.8BDSGR FY2025: $2BWLFC FY2018: $348.3MWLFC FY2019: $409.2MWLFC FY2020: $288.7MWLFC FY2021: $274.2MWLFC FY2022: $311.9MWLFC FY2023: $418.6MWLFC FY2024: $569.2MWLFC FY2025: $730.2MFY18FY19FY20FY21FY22FY23FY24FY25
DSGR $2BWLFC $730.2M
Net income
DSGR FY2018: $6.2MDSGR FY2019: $7.2MDSGR FY2020: $15.1MDSGR FY2021: -$5.1MDSGR FY2022: $7.4MDSGR FY2023: -$9MDSGR FY2024: -$7.3MDSGR FY2025: $8.3MWLFC FY2018: $43.2MWLFC FY2019: $66.9MWLFC FY2020: $9.7MWLFC FY2021: $3.4MWLFC FY2022: $5.4MWLFC FY2023: $43.8MWLFC FY2024: $108.6MWLFC FY2025: $113.8MFY18FY19FY20FY21FY22FY23FY24FY25
DSGR $8.3MWLFC $113.8M
Net margin
DSGR FY2018: 1.8%DSGR FY2019: 1.9%DSGR FY2020: 4.3%DSGR FY2021: -1.0%DSGR FY2022: 0.6%DSGR FY2023: -0.6%DSGR FY2024: -0.4%DSGR FY2025: 0.4%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%FY18FY19FY20FY21FY22FY23FY24FY25
DSGR 0.4%WLFC 15.6%
Revenue growth
DSGR FY2019: +6.0%DSGR FY2020: -5.2%DSGR FY2021: +48.0%DSGR FY2022: +121.3%DSGR FY2023: +36.4%DSGR FY2024: +14.9%DSGR FY2025: +9.8%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%FY19FY20FY21FY22FY23FY24FY25
DSGR +9.8%WLFC +28.3%
Free cash flow
DSGR FY2018: $17.8MDSGR FY2019: $7.2MDSGR FY2020: $30.8MDSGR FY2021: $7.3MDSGR FY2022: -$19.3MDSGR FY2023: $86.9MDSGR FY2024: $42.8MDSGR FY2025: $62.8MWLFC FY2018: $185.2MWLFC FY2019: $224MWLFC FY2020: $90.5MWLFC FY2021: $88.5MWLFC FY2022: $137.8MWLFC FY2023: $224.6MWLFC FY2024: $268.8MWLFC FY2025: $252.2MFY18FY19FY20FY21FY22FY23FY24FY25
DSGR $62.8MWLFC $252.2M

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

Questions about Distribution Solutions and Willis Lease Finance

Which is bigger by revenue, Distribution Solutions or Willis Lease Finance?

Distribution Solutions is bigger by revenue: $2B in fiscal 2025, against $730.2M for Willis Lease Finance in fiscal 2025.

Which keeps more of its revenue as profit, Distribution Solutions or Willis Lease Finance?

Distribution Solutions had a net margin of 0.4% in fiscal 2025; Willis Lease Finance had 15.6% in fiscal 2025.

Which grew revenue faster, Distribution Solutions or Willis Lease Finance?

In their latest fiscal years revenue changed by +9.8% at Distribution Solutions 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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