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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
$1.13B
P/E (TTM)
9.9
27.8
Dividend Yield
0.8%
52W High
$207.05
52W Low
$114.01
52W Range
55%
Rank37Top 34.1%
4.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$142.58M+0.00%
4-Quarter Trend

EPS

$1.58+0.00%
4-Quarter Trend

FCF

$101.56M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Strong Growth Total revenue reached $730.2 M, marking a strong 28.3% increase from the prior year period results.
Adjusted EBITDA Improvement Adjusted EBITDA grew $65.4 M to $459.1 M, driven by portfolio expansion and increased asset utilization.
Spare Parts Sales Explode Spare parts sales increased 252.3% to $95.5 M, reflecting strong aftermarket demand for surplus material.
Lease Rent Revenue Rises Lease rent revenue increased 22.4% to $291.6 M due to larger portfolio size and 85% utilization.

Risk Factors

Asset Valuation Write-Downs Equipment write-downs totaled $32.9 M in 2025, primarily reflecting adjustments to the carrying value of 28 engines.
High Debt Servicing Exposure Total debt obligations stand at $2.7 B, increasing interest rate servicing cost vulnerability due to variable rates.
Customer Concentration Noted One customer accounted for 13% of 2025 lease rent revenue, posing concentration risk to operating results.
Regulatory Cost Uncertainty Continued regulatory activity regarding emissions and noise could increase compliance costs, potentially impacting asset value.

Outlook

New Engine Purchase Commitments Committed to purchase new engines totaling up to $857.4 M by 2030 to support future portfolio growth.
Interest Rate Hedging Strategy Management actively uses interest rate swaps to mitigate exposure on $732.7 M of variable rate debt borrowings.
Investment Fund Capital Deployment Entered new investment partnerships (LMI, BXCI) to deploy capital into engine financings and next-generation assets.
Sufficient Liquidity Maintained Equity base, internal funds, and debt facilities deemed sufficient to maintain operations and fund growth through 2026.

Peer Comparison

Revenue (TTM)

HTZ stock ticker logoHTZ
$8.50B
-6.0%
ULCC stock ticker logoULCC
$3.72B
-1.4%
PRG stock ticker logoPRG
$2.46B
-0.2%

Gross Margin (Latest Quarter)

ERII stock ticker logoERII
67.3%
-0.8pp
SFL stock ticker logoSFL
58.4%
-10.0pp
GSL stock ticker logoGSL
51.0%
-1.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
THR$1.53B26.011.4%21.2%
GSL$1.33B3.224.8%24.1%
SFL$1.31B-49.6-2.6%70.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-3.3%
Flat Growth
4Q Net Income CAGR
-10.3%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Deep Research

Next earnings:May 4, 2026
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