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Willis Lease Finance Corp (WLFC) stock

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NASDAQ: WLFC Nasdaq Trading Companies & Distributors Next results ~November 3, 2026

C+ Fundamentals grade

Willis Lease Finance Corp is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($607.65) was left out of our combined valuation (it is 14.27x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($607.65) was left out of our combined valuation (it is 14.27x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.

Willis Lease Finance Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 5 selling1 purchase and 92 sales by directors and officers, last 12 monthsInsider trades
  • Funds125 adding, 36 cuttingOf 38 active managers that changed their stake, 31 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Willis Lease Finance files

Where Willis Lease Finance stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $765m, up 17.3% on a year earlier, slower than the 26.2% growth a quarter earlier. Free-cash-flow margin fell to 32.9% from 41.2% a year earlier. Operating margin narrowed to 15.7% from 17.7%. The diluted share count is up 4.5% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 5 financial-health checks.

Our model value for Willis Lease Finance is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Willis Lease Finance Corp's trailing-twelve-month revenue grew 17.3% year on year, with a free-cash-flow margin of 32.9%. Where it stands out: free-cash-flow margin of 32.9% ranks 1 of 32 trading companies & distributors companies we cover. Where it lags: stock pay as % of revenue of 6.2% ranks 28 of 29 trading companies & distributors companies we cover.

Our discounted-cash-flow model values the business at ~$610 per share in the base case (~$440–$830 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 6.3% while net income fell 25.0%: a 19pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 17.3% over the last 12 months, against a median of 8.5% for trading companies & distributors companies we cover.
  • Strong cash generation. 32.9% of revenue turned into free cash flow, against a median of 2.8% for trading companies & distributors companies we cover.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 14.7% over 90 days.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Growth slowing. The growth rate is 8.8 points lower than a quarter earlier.
  • Share dilution. Diluted shares rose 4.5% in a year.
  • High debt. Long-term debt exceeds cash by $2.3bn, more than 1.5 times annual revenue.
  • Volatile shares. Over the past year the shares showed annualised volatility of 50% and a beta of 1.3 against the S&P 500.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 6.2% ranks 28 of 29 trading companies & distributors companies we cover (median 0.5%).

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$1.71 against an average estimate of $0.90: beat by 90.3%
Revenue
$194m, down 0.8% on a year earlier
Share reaction
-10.2% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Next report
November 3, 2026; average EPS estimate $1.53

Willis Lease Finance's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.1%
  • 1 week+7.2%
  • 1 month-6.7%
  • This year-2.4%
  • 1 year+2.2%
  • 5 years+226.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$765M
Operating margin
15.7%
Net margin
12.0%
EPS (TTM, diluted)
$4.37

Growth

Revenue growth
+17.3%
Change in growth rate
−8.8 pts
Share count change
+4.5%

Cash

Free cash flow (TTM)
$252M
FCF margin
32.9%
Stock pay % of revenue
6.2%

Earnings

Last results
August 4, 2026
Next results (est.)
November 3, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Announcement
  4. Governance
  5. Share issue
  6. Insider trade
  7. Announcement
  8. Deal
  9. Insider trade
  10. Insider trade
  11. Agreement
  12. Results
  13. Announcement
  14. Announcement
  15. Governance
  16. Agreement
  17. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Willis Lease Finance Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($607.65) was left out of our combined valuation (it is 14.27x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Willis Lease Finance Corp's free cash flow after stock-based pay ( $377M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Willis Lease Finance Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.19 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$610 ~$440–$830 Left out: out of range vs price (13.86x)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$85 ~$75–$120 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$38 ~$26–$55 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$38 ~$33–$44 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Willis Lease Finance Corp with Trading Companies & Distributors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$6.48$8.25$8.05$11.16$18.99$9.82$12.14$19.03$15.76$68.23$44.94
Market value$52m$55m$50m$67m$115m$60m$77m$120m$102m$464m$315m
+ Net debt (− = net cash)$869m$904m$1.1bn$1.3bn$1.3bn$1.7bn$1.8bn$1.8bn$1.8bn$2.3bn$2.7bn
Enterprise value$921m$959m$1.1bn$1.4bn$1.4bn$1.7bn$1.9bn$2.0bn$1.9bn$2.7bn$3.0bn
Multiples
Price / sales 0.3x0.3x0.2x0.2x0.3x0.2x0.3x0.4x0.2x0.8x0.4x
Price / earnings 8.0x3.9x0.8x1.6x1.7x6.2x23.0x22.0x2.3x4.3x2.8x
Price / free cash flow 0.6x0.6x0.4x0.4x0.5x0.7x0.9x0.9x0.5x1.7x1.3x
EV / EBITDA 11.4x10.8x12.1x10.9x8.3x15.8x18.9x20.1x12.4x11.6x14.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

37 /100

Weak moat

How hard Willis Lease Finance's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 2.1% of total assets over 10 years.

  • Durability 4 / 20

    Operating margin has been a median 14.2%; its worst year was -1.8%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 47.0% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 14.7% over five years; stock-based pay has been a median 3.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (42 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, before the open. Analysts expect revenue of $170m and EPS of $1.53 (range $1.53 to $1.53) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $7.23 +97% $731m +8%
Next $6.87 −5% $776m +6%

Next year's EPS estimate has moved +14.7% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +53.0% on 90 days ago. In the last 30 days, 1 analyst raised Willis Lease Finance Corp's forecast and 0 cut it.

Consensus EPS forecast Willis Lease Finance Corp, last 90 days
$4.00 $5.00 $6.00 $7.00 $8.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.73 Current fiscal year, 60 days ago: $4.73 Current fiscal year, 30 days ago: $4.73 Current fiscal year, 7 days ago: $4.73 Current fiscal year, Now: $7.23 $7.23 Next fiscal year, 90 days ago: $5.99 Next fiscal year, 60 days ago: $5.99 Next fiscal year, 30 days ago: $5.99 Next fiscal year, 7 days ago: $5.99 Next fiscal year, Now: $6.87 $6.87

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.73$5.99
60 days ago $4.73$5.99
30 days ago $4.73$5.99
7 days ago $4.73$5.99
Now $7.23$6.87

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.90 $1.71 +90.3%
Mar 2026 $1.01 $1.34 +33.5%
Sept 2025 $1.11 $1.36 +21.9%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Willis Lease Finance Corp's revenue by +13.8% next year and +18.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.4%, weight 45%) and the company's own record (+20.0%, weight 55%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202622
  2. Sep 202622
  3. Aug 202611

Counts of recommendations published by analysts covering Willis Lease Finance Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
19.7%
of tradable shares
Days to cover
7.78
at average volume
Short interest, 1 month
−11%
to October 15, 2026
Held by institutions
61%
of shares
Held by insiders
54.1%
of shares
Employees
467
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +3.4%

$42.40 on October 31, 2025 to $43.85

ThenNowEffect
Revenue (last 12 months) $652m $765m +17.3%
Net margin 18.8% 12.0% −36.1%
P/E multiple 7.2x 10.3x +41.8%
Share count 21m 21m −2.7%

Biggest factor: net margin.

Last 3 years +207.2%

$14.27 on November 3, 2023 to $43.85

ThenNowEffect
Revenue (last 12 months) $364m $765m +110.5%
Net margin 10.7% 12.0% +11.9%
P/E multiple 7.1x 10.3x +44.1%
Share count 19m 21m −9.5%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
WLFC+24%+57%−17%+333%−34%−2%
Industry peers (median)+34%−13%+31%−7%+6%+14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
WLFC42%42%58%75%33%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
WLFC−26%−19%−41%−18%−47%−54%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 80% from September 13, 2019 to May 15, 2020. Getting back needed a 394% gain, reached on July 16, 2024, 1523 days after the low.

Price behaviour

52-week range
$36.96 – $79.78
From 52-week high
−45.0%
vs 50-day average
−8.8%
vs 200-day average
−27.1%
Volatility (1 year)
50%
Beta vs S&P 500
1.30

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±8.4%
After a week
6 up, 6 down
typical move ±10.2%
After a month
8 up, 4 down
typical move ±14.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −10.2% +1.6% −24.1% −24.2%
May 5, 2026 +22.0% +2.2% +9.7% −9.2%
March 10, 2026 +2.0% −0.3% −6.1% +13.0%
November 4, 2025 −4.5% −0.8% −4.5% +1.9%
August 5, 2025 +8.1% +0.3% +16.1% +7.4%
May 6, 2025 −13.7% −0.4% −6.6% −8.1%
March 10, 2025 −11.0% −3.5% −0.1% −27.5%
November 4, 2024 −1.8% +1.0% +13.2% +12.8%
August 1, 2024 +7.6% −3.3% +6.7% +25.7%
May 2, 2024 +14.7% +2.2% +28.6% +39.1%
March 13, 2024 +2.2% −0.4% +5.5% +3.6%
November 3, 2023 +2.7% +1.1% −1.2% +1.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Willis Lease Finance Corp in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Willis Lease Finance Corp
$300M $400M $500M $600M $700M $800M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $392.4M Revenue (TTM), FY23 Q4: $418.6M Revenue (TTM), FY24 Q1: $448.1M Revenue (TTM), FY24 Q2: $490.2M Revenue (TTM), FY24 Q3: $530.7M Revenue (TTM), FY24 Q4: $569.2M Revenue (TTM), FY25 Q1: $607.9M Revenue (TTM), FY25 Q2: $652.3M Revenue (TTM), FY25 Q3: $689.4M Revenue (TTM), FY25 Q4: $730.2M Revenue (TTM), FY26 Q1: $766.9M Revenue (TTM), FY26 Q2: $765.4M $765.4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $392.4M
FY23 Q4 $418.6M
FY24 Q1 $448.1M
FY24 Q2 $490.2M
FY24 Q3 $530.7M
FY24 Q4 $569.2M
FY25 Q1 $607.9M
FY25 Q2 $652.3M
FY25 Q3 $689.4M
FY25 Q4 $730.2M
FY26 Q1 $766.9M
FY26 Q2 $765.4M
Revenue growth, TTM YoY Willis Lease Finance Corp
15% 20% 25% 30% 35% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 31.0% Revenue growth, TTM YoY, FY23 Q4: 34.2% Revenue growth, TTM YoY, FY24 Q1: 34.7% Revenue growth, TTM YoY, FY24 Q2: 34.8% Revenue growth, TTM YoY, FY24 Q3: 35.2% Revenue growth, TTM YoY, FY24 Q4: 36.0% Revenue growth, TTM YoY, FY25 Q1: 35.7% Revenue growth, TTM YoY, FY25 Q2: 33.1% Revenue growth, TTM YoY, FY25 Q3: 29.9% Revenue growth, TTM YoY, FY25 Q4: 28.3% Revenue growth, TTM YoY, FY26 Q1: 26.2% Revenue growth, TTM YoY, FY26 Q2: 17.3% 17.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 31.0%
FY23 Q4 34.2%
FY24 Q1 34.7%
FY24 Q2 34.8%
FY24 Q3 35.2%
FY24 Q4 36.0%
FY25 Q1 35.7%
FY25 Q2 33.1%
FY25 Q3 29.9%
FY25 Q4 28.3%
FY26 Q1 26.2%
FY26 Q2 17.3%
Operating margin (TTM) Willis Lease Finance Corp
10% 15% 20% 25% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 16.4% Operating margin (TTM), FY23 Q4: 15.3% Operating margin (TTM), FY24 Q1: 18.6% Operating margin (TTM), FY24 Q2: 24.1% Operating margin (TTM), FY24 Q3: 24.8% Operating margin (TTM), FY24 Q4: 25.4% Operating margin (TTM), FY25 Q1: 23.2% Operating margin (TTM), FY25 Q2: 17.7% Operating margin (TTM), FY25 Q3: 17.3% Operating margin (TTM), FY25 Q4: 14.3% Operating margin (TTM), FY26 Q1: 14.9% Operating margin (TTM), FY26 Q2: 15.7% 15.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 16.4%
FY23 Q4 15.3%
FY24 Q1 18.6%
FY24 Q2 24.1%
FY24 Q3 24.8%
FY24 Q4 25.4%
FY25 Q1 23.2%
FY25 Q2 17.7%
FY25 Q3 17.3%
FY25 Q4 14.3%
FY26 Q1 14.9%
FY26 Q2 15.7%
FCF margin (TTM) Willis Lease Finance Corp
30% 40% 50% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 57.3% FCF margin (TTM), FY23 Q4: 53.7% FCF margin (TTM), FY24 Q1: 52.2% FCF margin (TTM), FY24 Q2: 52.5% FCF margin (TTM), FY24 Q3: 51.5% FCF margin (TTM), FY24 Q4: 47.2% FCF margin (TTM), FY25 Q1: 40.0% FCF margin (TTM), FY25 Q2: 41.2% FCF margin (TTM), FY25 Q3: 35.0% FCF margin (TTM), FY25 Q4: 34.5% FCF margin (TTM), FY26 Q1: 35.4% FCF margin (TTM), FY26 Q2: 32.9% 32.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 57.3%
FY23 Q4 53.7%
FY24 Q1 52.2%
FY24 Q2 52.5%
FY24 Q3 51.5%
FY24 Q4 47.2%
FY25 Q1 40.0%
FY25 Q2 41.2%
FY25 Q3 35.0%
FY25 Q4 34.5%
FY26 Q1 35.4%
FY26 Q2 32.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Willis Lease Finance took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $730M
  2. Other income $56.3M · 7.7%
  3. Selling, general and admin $195M · 26.7%
  4. Other operating costs $431M · 59.1%
  5. Operating income $104M · 14.3%
  6. Income tax $46.8M · 6.4%
  7. Net income $114M · 15.6%

Shares of revenue. Source: Willis Lease Finance's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 150 148 157 148 158 174 198 207 275 348 409 289 274 312 419 569 730 765
Gross profit — — — — — — — 194 234 287 347 — — — — — — —
EBITDA 76 67 74 54 67 76 81 88 95 129 167 109 99 98 155 237 216 238
Operating income 31 19 23 1 8 10 12 22 29 52 80 15 8 10 64 144 104 120
Net income 22 12 15 2 16 7 6 14 62 43 67 10 3 5 44 109 114 92
Diluted EPS $2.14 $0.96 $1.28 −$0.43 $1.89 $0.88 $0.81 $2.05 $9.69 $6.60 $10.50 $1.05 $0.00 $0.33 $6.23 $15.34 $15.39 —
Growth (year on year)
Revenue — −1.4% +5.6% −5.5% +7.0% +9.9% +13.8% +4.7% +32.6% +26.7% +17.5% −29.4% −5.0% +13.8% +34.2% +36.0% +28.3% +17.3%
EBITDA — −10.9% +9.8% −27.5% +24.2% +13.9% +7.0% +9.1% +7.3% +36.3% +28.8% −34.4% −9.5% −0.7% +58.1% +52.7% −8.9% +10.4%
Operating income — −40.9% +21.6% −95.9% — +33.9% +11.4% +90.8% +30.4% +81.9% +53.0% −81.7% −43.2% +18.2% +551.7% +124.8% −27.8% +4.0%
Net income — −46.1% +20.4% −89.4% — −54.1% −10.0% +117.8% +341.8% −30.4% +54.8% −85.4% −65.6% — — +148.1% +4.7% −25.0%
Diluted EPS — −55.1% +33.3% −133.6% — −53.4% −8.0% +153.1% +372.7% −31.9% +59.1% −90.0% −100.0% — — +146.2% +0.3% —
Margins
Gross margin — — — — — — — 93.6% 85.1% 82.5% 84.7% — — — — — — —
EBITDA margin 50.2% 45.4% 47.1% 36.1% 42.0% 43.5% 40.9% 42.7% 34.5% 37.1% 40.7% 37.8% 36.0% 31.5% 37.1% 41.6% 29.6% 31.1%
Operating margin 20.9% 12.5% 14.4% 0.6% 4.9% 6.0% 5.9% 10.7% 10.5% 15.1% 19.6% 5.1% 3.0% 3.2% 15.3% 25.4% 14.3% 15.7%
Net margin 14.9% 8.1% 9.3% 1.0% 9.9% 4.1% 3.3% 6.8% 22.6% 12.4% 16.4% 3.4% 1.2% 1.7% 10.5% 19.1% 15.6% 12.0%
Free-cash-flow margin 58.5% 37.9% 48.4% 44.6% 50.4% 28.1% 47.4% 43.7% 46.0% 53.2% 54.7% 31.3% 32.3% 44.2% 53.7% 47.2% 34.5% 32.9%
Cash flow
Cash from operations 88 57 77 67 80 63 98 92 137 189 230 93 91 144 230 284 283 272
Capital spending 0 0 1 1 0 14 4 1 11 3 6 3 2 7 5 16 31 20
Free cash flow 88 56 76 66 80 49 94 91 126 185 224 90 88 138 225 269 252 252
Stock-based pay 2 3 3 3 3 4 4 4 4 5 8 11 17 14 15 29 45 47
Free cash flow after stock pay 86 54 73 63 76 45 90 87 122 180 216 79 72 124 210 240 208 205
Balance sheet
Cash 2 2 6 5 13 13 10 10 7 12 7 43 14 12 7 9 16 11
Total debt 0 0 718 697 788 841 879 914 1,104 1,358 1,270 1,713 1,810 1,862 1,827 2,293 2,732 2,352
Net debt (negative = net cash) −2 −2 712 692 775 827 869 904 1,097 1,347 1,264 1,670 1,795 1,850 1,820 2,284 2,716 2,342
Diluted shares 9m 9m 9m 9m 8m 8m 8m 7m 6m 6m 6m 6m 6m 6m 6m 7m 7m —
Returned to shareholders
Dividends — — — — — — — — — — — — — — 0 11 9 11
Buybacks 0 4 6 13 6 5 17 29 4 16 4 2 10 5 9 0 4 —
Total returned 0 4 6 13 6 5 17 29 4 16 4 2 10 5 9 11 13 11

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 5 checks passed · June 30, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $11m of cash against $2.3bn of debt.
  • Debt below 40% of shareholders' equity Debt is 328% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 476% to 328% over five years.
  • A year's operating cash flow covers at least 20% of debt $272m of operating cash flow against $2.3bn of debt.
  • Operating profit covers interest at least five times over Operating income of $120m against $129m of interest.

From Willis Lease Finance Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$11.1M
Buybacks, last 3 fiscal years
$13.2M
Diluted share count
+4.5%
year over year
Total shareholder yield
1.1%
dividends 1.1% + buybacks 0.0% of market value
Dividend payout ratio
12%
of net income paid out
Days sales outstanding
18 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in trading companies & distributors
Last 12 months unless stated WLFC VSEC GIC ALTG NPKI ASLE Median
Revenue, last 12 months $765m $1.4bn $1.4bn $1.8bn $308m $304m $2.2bn
Revenue growth, last 12 months 17.3% 41.6% 8.4% −1.8% 18.8% −13.4% 8.4%
Revenue growth, 3-year average 28.2% 22.8% 7.4% 1.8% 18.7% 1.1% 5.1%
Revenue growth, latest quarter −0.8% 65.0% 7.7% −1.2% 10.8% −33.9% 9.0%
Gross margin 84.7% — 36.4% 25.9% 35.6% 28.9% 28.3%
Operating margin 15.7% 9.2% 8.1% 0.9% 17.0% 0.6% 5.5%
Operating margin, 3-year average 19.1% 8.1% 7.2% 1.3% 7.4% 1.4% 6.4%
Net margin 12.0% 5.5% 6.1% −4.4% 14.0% −1.2% 3.5%
Cash from operations / revenue 35.6% 2.0% 6.3% 3.4% 22.1% −10.2% 4.9%
Free-cash-flow margin 32.9% −0.1% 6.1% 2.8% 3.4% −11.6% 2.4%
Free-cash-flow margin, 3-year average 42.2% −4.7% 5.1% 3.1% −4.6% −11.7% 3.1%
Stock pay / revenue 6.2% 1.1% 0.5% 0.2% 2.4% 1.4% 0.5%
Change in share count 4.5% 28.0% −0.2% −1.9% −0.7% −7.9% −0.5%

Median of all 32 companies we cover in trading companies & distributors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

32 trading companies & distributors companies
Measure Company Peer median Rank
Revenue growth Growth 17.3% 8.5% 10 of 32
Change in growth rate Growth -8.8pp +0.8pp 27 of 32
Operating margin Profitability 15.7% 5.5% 4 of 28
Net margin Profitability 12.0% 3.5% 7 of 32
Free-cash-flow margin Cash generation 32.9% 2.8% 1 of 32
Stock pay as % of revenue Cash generation 6.2% 0.5% 28 of 29
Long-term debt as % of assets Balance sheet 63.5% 21.4% 27 of 29
Change in share count Balance sheet 4.5% -0.8% 23 of 27
Days sales outstanding Balance sheet 18 days 57 days 4 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$931M
Institutions reporting
176
Shares held vs prior quarter
▲ 24.7%
Positions opened / closed
60 / 11

Top buyers and sellers, Q2 2026: 125 institutions bought and 36 sold ; the biggest buyer was Copeland Capital Management, LLC (+91K shares) and the biggest seller Millennium Management LLC (−15K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
M3F, Inc. $151M 662K 16.3% ▼ 2.3%
Dimensional Fund Advisors LP $125M 548K 13.5% ▲ 3.3%
Blackrock, Inc. $68.9M 301K 7.4% ▲ 40.5%
Renaissance Technologies LLC $45.2M 198K 4.9% ▼ 0.1%
Two Sigma Investments, LP $44M 192K 4.7% ▲ 15.7%
Vanguard Capital Management LLC $29.6M 130K 3.2% ▲ 15.5%
Four Tree Island Advisory LLC $24.7M 108K 2.7% ▲ 2.6%
Rbf Capital, LLC $24.6M 108K 2.6% 0.0%
LSV Asset Management $23M 100K 2.5% ▲ 214.4%
Geode Capital Management, LLC $21.5M 94K 2.3% ▲ 23.1%
Copeland Capital Management, LLC $20.9M 91K 2.2% New
State Street Corp $17.7M 77K 1.9% ▲ 16.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Willis Lease Finance Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $4,302 1 trade by 1 insider, last 12 months Insider sales History → $21.9M 92 trades by 5 insiders · 72% under pre-set plans
Net ▼ $21.8M net selling
Insider Date Trade Shares Price Value
Flaherty Scott B. EVP, CFO September 15, 2026 Sell 8,326 $53.56 $445,941
Flaherty Scott B. EVP, CFO September 14, 2026 Sell 18,695 $54.57 $1M
Flaherty Scott B. EVP, CFO September 11, 2026 Sell 2,979 $56.18 $167,360
Willis Austin Chandler President and CEO September 1, 2026 Sell pre-set plan 15,000 $53.90 $808,500
Willis Charles F Iv Executive Chairman August 31, 2026 Sell 400 $52.95 $21,180
Willis Charles F Iv Executive Chairman August 26, 2026 Sell pre-set plan 15,600 $55.11 $859,716
Willis Charles F Iv Executive Chairman August 25, 2026 Sell pre-set plan 11,287 $54.50 $615,142
Willis Charles F Iv Executive Chairman August 25, 2026 Sell pre-set plan 113 $56.05 $6,334
Willis Charles F Iv Executive Chairman August 24, 2026 Sell pre-set plan 3,016 $54.59 $164,643
Willis Charles F Iv Executive Chairman August 24, 2026 Sell pre-set plan 13,684 $55.23 $755,767
Willis Charles F Iv Executive Chairman August 21, 2026 Sell pre-set plan 1,100 $54.79 $60,269
Willis Charles F Iv Executive Chairman August 21, 2026 Sell pre-set plan 12,400 $54.44 $675,056

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 5, 2026
  • March 10, 2026
  • November 4, 2025
  • August 5, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Willis Lease Finance Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Willis Lease Finance Corp in brief

What does Willis Lease Finance Corp do?
Willis Lease Finance Corp is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.
What is Willis Lease Finance Corp's stock ticker?
Willis Lease Finance Corp trades under the ticker WLFC on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Willis Lease Finance Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Willis Lease Finance Corp reported revenue of $765M, 17.3% higher than a year earlier, according to its SEC filings.
What is Willis Lease Finance Corp's free cash flow?
Willis Lease Finance Corp's free-cash-flow margin is 32.9% of revenue over the trailing twelve months, ranking 1 of the 32 trading companies & distributors companies we cover.
Who are Willis Lease Finance Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are M3F, Inc., Dimensional Fund Advisors LP and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Willis Lease Finance Corp's market cap?
On December 31, 2025, Willis Lease Finance Corp's market capitalisation was about $315M, with a price-to-earnings ratio of 2.8 and net debt of $2.7B. Market figures come from third-party market data and may be delayed.
Does Willis Lease Finance Corp pay a dividend?
Yes: Willis Lease Finance Corp paid $11.1M in dividends over the trailing twelve months, a dividend yield of 1.15% and a payout ratio of 12.1%.
How much debt does Willis Lease Finance Corp have?
Willis Lease Finance Corp's debt-to-equity ratio is 327.5%, from its latest balance sheet (476.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Willis Lease Finance Corp's competitors?
In our Trading Companies & Distributors peer group, the companies closest to Willis Lease Finance Corp are VSE Corp, Global Industrial Co, Alta Equipment Group Inc., NPK International Inc. and Aersale Corp. The side-by-side comparison below sets their revenue, margins and growth against Willis Lease Finance Corp's.
Are insiders buying or selling Willis Lease Finance Corp stock?
Over the last 12 months, Willis Lease Finance Corp's directors and officers reported 1 open-market purchases and 92 sales on Form 4. The insider trading page charts every trade.
When is Willis Lease Finance Corp's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Willis Lease Finance Corp announces its own schedule.