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Willis Lease Finance Corporation

Willis Lease Finance Corporation

NASDAQ•WLFC
CEO: Mr. Charles F. Willis IV
Sector: Industrials
Industry: Rental & Leasing Services
Listing Date: 1996-09-18
Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts Sales. The Leasing and Related Operations segment engages in acquiring and leasing commercial aircraft, aircraft engines, and other aircraft equipment, as well as the purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses. The Spare Parts Sales segment purchases and resells after-market engine parts, whole engines, engine modules, and portable aircraft components. The company also focuses on engine management and consulting business. It serves commercial aircraft operators, as well as maintenance, repair, and overhaul organizations. As of December 31, 2023, it had a total lease portfolio of 337 engines, 12 aircraft, one marine vessel, and other leased parts and equipment, and with 74 lessees in 42 countries; and managed a total lease portfolio of 198 engines, aircraft, and related equipment for other parties. The company was founded in 1985 and is headquartered in Coconut Creek, Florida.
Contact Information
4700 Lyons Technology Parkway, Coconut Creek, FL, 33073, United States
561-349-9989
www.wlfc.global
Market Cap
$908.05M
P/E (TTM)
7.4
23
Dividend Yield
0.9%
52W High
$229.67
52W Low
$114.01
52W Range
17%
Rank49Top 53.8%
3.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$180.03M+4.59%
4-Quarter Trend

EPS

$3.36-4.27%
4-Quarter Trend

FCF

-$97.86M+24.87%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Revenue Growth Total revenue reached $536.6M for nine months, marking a strong 28.9% increase over the prior period results.
Common Shareholder Earnings Net income attributable to common shareholders totaled $97.3M, reflecting 14.8% growth year-to-date compared to 2024.
Balance Sheet Equity Growth Total shareholders' equity grew to $650.2M, supported by a $43.0M gain recognized from a business sale.
Operating Cash Flow Stable Net cash provided by operating activities was $209.1M for nine months, a slight 3.4% decrease from 2024.

Risk Factors

Equipment Write-downs Surge Equipment write-downs totaled $23.8M for nine months, significantly up from $0.9M recognized in the comparable 2024 period.
Variable Rate Debt Exposure $581.8M outstanding debt is variable rate; 1% rate change impacts annual interest expense by an estimated $2.5M.
Operating Income Contraction Income from operations fell to $90.2M, down 21.6% compared to $115.0M reported in the nine months ended 2024.
Trade Policy Uncertainty Risk Business faces material adverse effects from potential imposition of duties, tariffs, and resulting trade barriers globally.

Outlook

Increased Quarterly Dividend Board declared increased quarterly dividend to $0.40 per share, an increase from the recurring $0.25 per share rate.
Credit Facility Extension Credit facility availability extended to May 2027, improving short-term financing flexibility and reducing immediate pressure.
WMES New Credit Facility Joint venture WMES secured a new $750.0M, five-year revolving credit facility in October 2025.
Future Capital Needs Evaluation Equity base is sufficient for twelve months, but future growth depends on accessing additional capital sources.

Peer Comparison

Revenue (TTM)

Hertz Global Holdings, Inc.HTZ
$8.52B
-7.4%
Frontier Group Holdings, Inc.ULCC
$3.73B
+1.8%
PROG Holdings, Inc.PRG
$2.51B
+3.7%

Gross Margin (Latest Quarter)

Willis Lease Finance CorporationWLFC
75.8%
-1.6pp
Global Ship Lease, Inc.GSL
54.4%
-1.1pp
Thermon Group Holdings, Inc.THR
46.4%
+2.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
HTZ$1.61B-0.6-14988.2%85.5%
THR$1.32B22.411.8%2.4%
ULCC$1.31B-9.6-25.7%75.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.6%
Steady Growth
4Q Net Income CAGR
4.9%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:May 4, 2026
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EPS:-
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Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $180.03M+4.6%
    |
    EPS: $3.36-4.3%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $195.50M+43.0%
    |
    EPS: $8.68+36.9%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $157.73M+46.6%
    |
    EPS: $2.34-25.0%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 11, 2025|
    Revenue: $569.22M+39.5%
    |
    EPS: $15.97+149.5%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 4, 2024|
    Revenue: $172.12M+71.0%
    |
    EPS: $3.51+62.5%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $136.69M+25.4%
    |
    EPS: $6.34+210.8%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $107.61M+20.2%
    |
    EPS: $3.12+437.9%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 15, 2024|
    Revenue: $407.97M+33.5%
    |
    EPS: $6.40+1728.6%
    Beat