Willis Lease Finance (WLFC)


Market Price (7/20/2026): $191.65 | Market Cap: $1.3 BilSector: Industrials | Industry: Diversified Support Services

Willis Lease Finance (WLFC)


Market Price (7/20/2026): $191.65
Market Cap: $1.3 Bil
Sector: Industrials
Industry: Diversified Support Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 38%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%

Low stock price volatility
Vol 12M is 47%

Megatrend and thematic drivers
Megatrends include Global Aviation Industry. Themes include Commercial Aircraft Engine Leasing, and Aircraft Engine MRO & Asset Management.

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 172%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -37%

Key risks
WLFC key risks include [1] its high leverage and persistent negative free cash flow, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 38%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%
4 Low stock price volatility
Vol 12M is 47%
5 Megatrend and thematic drivers
Megatrends include Global Aviation Industry. Themes include Commercial Aircraft Engine Leasing, and Aircraft Engine MRO & Asset Management.
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 172%
7 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -37%
8 Key risks
WLFC key risks include [1] its high leverage and persistent negative free cash flow, Show more.

WLFC in ETFs

Weight = WLFC's share of each fund

VTI0.00%
ITOT0.00%
IWM0.03%
DFAS0.03%
IWO0.03%
VTWO0.03%
IWN0.02%
SCHA0.01%
+3 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/16/2026

Willis Lease Finance (WLFC) stock has gained about 15% since 3/31/2026 because of the following key factors:

1. Willis Lease Finance Corporation reported exceptional financial results for its fiscal Q1 2026 (ended March 31, 2026), significantly surpassing expectations. Total revenue increased by 23.2% year-over-year to US$194.3 million, and diluted earnings per common share surged by 47.5% to US$3.26, beating consensus estimates by 35.37%. The company also achieved record quarterly lease rent revenue of US$77.4 million, up 14.2%, and record maintenance services revenue of US$9.8 million, an increase of 74.9%. Portfolio utilization also improved to 85.8% from 79.9% in the prior year. This strong performance and positive outlook contributed to a notable +17.0% stock gain the day following the earnings announcement.

2. Shareholders approved a three-for-one forward stock split in June 2026. This strategic move, which will take effect with split-adjusted trading starting on July 20, 2026, is often viewed positively by the market as it can enhance stock liquidity and make shares more accessible to a broader range of investors.

Show more
Updated on 7/16/2026

Willis Lease Finance (WLFC) stock has gained about 15% since 3/31/2026 because of the following key factors:

1. Willis Lease Finance Corporation reported exceptional financial results for its fiscal Q1 2026 (ended March 31, 2026), significantly surpassing expectations. Total revenue increased by 23.2% year-over-year to US$194.3 million, and diluted earnings per common share surged by 47.5% to US$3.26, beating consensus estimates by 35.37%. The company also achieved record quarterly lease rent revenue of US$77.4 million, up 14.2%, and record maintenance services revenue of US$9.8 million, an increase of 74.9%. Portfolio utilization also improved to 85.8% from 79.9% in the prior year. This strong performance and positive outlook contributed to a notable +17.0% stock gain the day following the earnings announcement.

2. Shareholders approved a three-for-one forward stock split in June 2026. This strategic move, which will take effect with split-adjusted trading starting on July 20, 2026, is often viewed positively by the market as it can enhance stock liquidity and make shares more accessible to a broader range of investors.

3. Willis Lease Finance was added to three Russell 2000 defensive indexes in June 2026. This inclusion, specifically in the Russell 2000 Value-Defensive, Defensive, and Growth-Defensive Indexes, increases the company's visibility and typically leads to greater demand for its stock from passive funds that track these indexes.

4. The company announced strategic acquisitions to expand its aircraft and engine portfolio. In June 2026, Willis Lease Finance acquired three Airbus A330-300 aircraft slated for lease to China Airlines and EVA Air. This was followed by a definitive agreement in July 2026 to acquire an additional 12 aircraft and 13 engines, aimed at further bolstering its leasing business and supporting engine-based programs.

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Stock Movement Drivers

Fundamental Drivers

The 12.8% change in WLFC stock from 3/31/2026 to 7/19/2026 was primarily driven by a 5.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)33120267192026Change
Stock Price ($)169.95191.6512.8%
Change Contribution By: 
Total Revenues ($ Mil)7307675.0%
Net Income Margin (%)15.6%15.9%2.1%
P/E Multiple10.210.74.7%
Shares Outstanding (Mil)770.4%
Cumulative Contribution12.8%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/19/2026
ReturnCorrelation
WLFC12.8% 
Market (SPY)14.3%35.9%
Sector (XLI)10.9%52.9%

Fundamental Drivers

The 41.8% change in WLFC stock from 12/31/2025 to 7/19/2026 was primarily driven by a 41.9% change in the company's P/E Multiple.
(LTM values as of)123120257192026Change
Stock Price ($)135.13191.6541.8%
Change Contribution By: 
Total Revenues ($ Mil)68976711.2%
Net Income Margin (%)17.8%15.9%-10.6%
P/E Multiple7.510.741.9%
Shares Outstanding (Mil)770.5%
Cumulative Contribution41.8%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/19/2026
ReturnCorrelation
WLFC41.8% 
Market (SPY)9.3%42.4%
Sector (XLI)16.0%55.4%

Fundamental Drivers

The 35.4% change in WLFC stock from 6/30/2025 to 7/19/2026 was primarily driven by a 26.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)63020257192026Change
Stock Price ($)141.57191.6535.4%
Change Contribution By: 
Total Revenues ($ Mil)60876726.2%
Net Income Margin (%)17.2%15.9%-7.6%
P/E Multiple8.910.719.1%
Shares Outstanding (Mil)77-2.5%
Cumulative Contribution35.4%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/19/2026
ReturnCorrelation
WLFC35.4% 
Market (SPY)21.3%41.7%
Sector (XLI)22.9%53.6%

Fundamental Drivers

The 405.2% change in WLFC stock from 6/30/2023 to 7/19/2026 was primarily driven by a 130.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)63020237192026Change
Stock Price ($)37.94191.65405.2%
Change Contribution By: 
Total Revenues ($ Mil)333767130.5%
Net Income Margin (%)9.3%15.9%70.5%
P/E Multiple7.510.742.3%
Shares Outstanding (Mil)67-9.7%
Cumulative Contribution405.2%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/19/2026
ReturnCorrelation
WLFC405.2% 
Market (SPY)73.6%38.6%
Sector (XLI)74.1%44.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
WLFC Return24%57%-17%333%-34%45%564%
Peers Return36%1%24%12%-16%595%1014%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
WLFC Win Rate42%42%58%75%33%57% 
Peers Win Rate52%32%50%40%30%43% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
WLFC Max Drawdown-26%-19%-41%-18%-47%-28% 
Peers Max Drawdown-10%-19%-13%-15%-28%-30% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: UHAL, CBZ, LIME, CTAS, TRI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/17/2026 (YTD)

How Low Can It Go

EventWLFCS&P 500
2025 US Tariff Shock
  % Loss-30.3%-18.8%
  % Gain to Breakeven43.5%23.1%
  Time to Breakeven276 days79 days
2023 SVB Regional Banking Crisis
  % Loss-33.9%-6.7%
  % Gain to Breakeven51.2%7.1%
  Time to Breakeven343 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-16.0%-24.5%
  % Gain to Breakeven19.1%32.4%
  Time to Breakeven8 days427 days
2020 COVID-19 Crash
  % Loss-73.0%-33.7%
  % Gain to Breakeven270.4%50.9%
  Time to Breakeven1019 days140 days
2014-2016 Oil Price Collapse
  % Loss-28.3%-6.8%
  % Gain to Breakeven39.5%7.3%
  Time to Breakeven127 days15 days
2013 Taper Tantrum
  % Loss-15.9%-0.2%
  % Gain to Breakeven18.9%0.2%
  Time to Breakeven11 days1 days

Compare to UHAL, CBZ, LIME, CTAS, TRI

In The Past

Willis Lease Finance's stock fell -30.3% during the 2025 US Tariff Shock. Such a loss loss requires a 43.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventWLFCS&P 500
2025 US Tariff Shock
  % Loss-30.3%-18.8%
  % Gain to Breakeven43.5%23.1%
  Time to Breakeven276 days79 days
2023 SVB Regional Banking Crisis
  % Loss-33.9%-6.7%
  % Gain to Breakeven51.2%7.1%
  Time to Breakeven343 days31 days
2020 COVID-19 Crash
  % Loss-73.0%-33.7%
  % Gain to Breakeven270.4%50.9%
  Time to Breakeven1019 days140 days
2014-2016 Oil Price Collapse
  % Loss-28.3%-6.8%
  % Gain to Breakeven39.5%7.3%
  Time to Breakeven127 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-25.3%-17.9%
  % Gain to Breakeven33.9%21.8%
  Time to Breakeven113 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-42.2%-15.4%
  % Gain to Breakeven72.9%18.2%
  Time to Breakeven590 days125 days
2008-2009 Global Financial Crisis
  % Loss-38.1%-53.4%
  % Gain to Breakeven61.5%114.4%
  Time to Breakeven59 days1085 days

Compare to UHAL, CBZ, LIME, CTAS, TRI

In The Past

Willis Lease Finance's stock fell -30.3% during the 2025 US Tariff Shock. Such a loss loss requires a 43.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Willis Lease Finance (WLFC)

Willis Lease Finance Corporation (WLFC) is a specialized finance company operating primarily as a lessor and servicer of commercial aircraft and aircraft engines on a global scale. The company's operations are divided into two main segments: Leasing and Related Operations, and Spare Parts Sales. Through its Leasing segment, WLFC acquires and leases various aviation assets, including commercial aircraft, aircraft engines, and other related equipment. The Spare Parts Sales segment focuses on the acquisition and resale of aftermarket engine parts, entire engines, engine modules, and portable aircraft components.

The core of WLFC's business involves generating revenue from its extensive lease portfolio, which, as of December 2021, comprised 304 engines, 12 aircraft, one marine vessel, and other leased parts and equipment. Beyond direct leasing, the company also engages in engine management and consulting services, managing an additional portfolio of 475 engines, aircraft, and related equipment for other parties. This dual approach allows WLFC to capitalize on both long-term leasing contracts and the dynamic market for aviation spare parts and services.

WLFC primarily serves two key customer groups within the aviation industry: commercial aircraft operators, which include airlines globally, and maintenance, repair, and overhaul (MRO) organizations. With a global footprint, the company's clientele spans 76 lessees across 40 countries, highlighting its significant international presence and role in supporting the operational needs of the commercial aviation sector worldwide.

AI Analysis | Feedback

Here are 1-3 brief analogies for Willis Lease Finance (WLFC):

  • It's like a specialized Penske Truck Leasing or Ryder System, but for commercial aircraft engines and parts.
  • They also operate a bit like an AutoZone or Advance Auto Parts for airplane engine components.

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  • Aircraft and Engine Leasing: Leasing commercial aircraft, aircraft engines, and other related aviation equipment to operators globally.
  • Aircraft Engine and Equipment Sales: Buying and reselling whole commercial aircraft engines and other aviation equipment.
  • Aftermarket Aviation Parts Sales: Purchasing and reselling after-market engine parts, modules, and portable aircraft components.
  • Aviation Asset Management and Consulting Services: Providing engine management, aviation consulting, and lease portfolio management services for third-party owners.

AI Analysis | Feedback

Willis Lease Finance (WLFC) primarily serves other companies rather than individuals.

Based on the provided background information, its customers generally fall into the following categories:

  • Commercial aircraft operators
  • Maintenance, repair, and overhaul (MRO) organizations

The provided description does not list the names of specific major customer companies.

AI Analysis | Feedback

Willis Lease Finance's major suppliers include:

  • General Electric (GE)
  • RTX Corporation (RTX)
  • Rolls-Royce plc (RYCEF)
  • The Boeing Company (BA)
  • Airbus SE (EADSY)
  • AerCap Holdings N.V. (AER)
  • Southwest Airlines Co. (LUV)

AI Analysis | Feedback

Austin C. Willis

Chief Executive Officer

Austin C. Willis has served as Chief Executive Officer of Willis Lease Finance Corporation since April 2022. He joined WLFC in March 2016 as Senior Vice President Corporate Development and has also served on the Board since 2008. From 2004 to 2013, Mr. Willis held the role of President and CEO of JT-Power LLC, a privately held company engaged in the business of selling commercial jet turbine engine parts and leasing commercial aircraft. In November 2013, he sold most of the assets and ongoing business of JT-Power, LLC to Willis Aeronautical Services, Inc. He earned his bachelor's degree from the London School of Economics and Political Science and served as a combat dive qualified special forces engineer in the US Army Special Forces “Green Berets”.

Scott B. Flaherty

Executive Vice President and Chief Financial Officer

Scott B. Flaherty joined Willis Lease Finance Corporation in June 2016. His financial background includes roles at Colt Defense, Bank of America Securities, and Credit Suisse First Boston. He also worked as an engineer at the Pratt & Whitney division of United Technologies Corporation for eight years. Mr. Flaherty earned his undergraduate degree from Worcester Polytechnic Institute and a Master of Business Administration from the Leonard N. Stern School of Business at New York University.

Charles F. Willis, IV

Founder and Executive Chairman

Charles F. Willis, IV is the founder of Willis Lease Finance Corporation. He has over 40 years of experience in the aviation industry, with some sources stating over 45 years. He served as the Chief Executive Officer, President, and a director since WLFC incorporated in 1985, and as Chairman of the Board of Directors since 1996. In April 2022, he was appointed Executive Chairman of the Board. From 1975 to 1985, he served as President of Willis Lease’s predecessor, Charles F. Willis Company, which was involved in purchasing, financing, and selling commercial transport aircraft and providing consulting services to the aviation industry. Prior to that, he held positions as Assistant Vice President of Sales at Seaboard World Airlines and in various departments at Alaska Airlines.

Brian R. Hole

Global Head of Managed Funds & Credit

Brian R. Hole joined Willis Lease Finance Corporation in August 2014 and was promoted to President in April 2016. Effective October 2025 (or January 2026 per some sources), he assumed the role of Global Head of Managed Funds & Credit, where he oversees the firm's managed fund strategies and global credit platform. Previously, Mr. Hole was the owner and president of Aviation Opportunity Management LLC, where he advised banks, private equity firms, and alternative investment funds on investments in large commercial aircraft engines.

Dean M. Poulakidas

Senior Vice President, General Counsel & Corporate Secretary

Dean M. Poulakidas joined Willis Lease Finance Corporation in September 2011 and currently serves as Senior Vice President, General Counsel and Corporate Secretary. Prior to his appointment as General Counsel, he served as Senior Counsel until March 31, 2013.

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Key Risks to Willis Lease Finance (WLFC)

Willis Lease Finance Corporation (WLFC) faces several significant risks inherent to its business as a lessor and servicer of commercial aircraft and aircraft engines. The most prominent risks are largely tied to the cyclical nature of the aviation industry, financial market conditions, and the operational aspects of its leased assets. The most significant key risks to Willis Lease Finance are: * Cyclicality and Industry Risks: Willis Lease Finance's financial performance is highly sensitive to the broader conditions of the airline industry and the global economy. Fluctuations in demand for air travel, aircraft utilization rates, and asset values, driven by factors such as changes in oil prices, regulatory shifts, environmental pressures, geopolitical events, or pandemics, can adversely impact lessee demand and credit quality. The company also operates in a competitive environment, with other lessors and financial institutions potentially pressuring lease rates and margins. * Interest Rate Risk and High Leverage: The capital-intensive nature of Willis Lease Finance's business model, which requires substantial investment to acquire aviation equipment, results in a highly leveraged financial structure. This exposure to debt makes the company particularly vulnerable to interest rate fluctuations. Rising interest rates or widening borrowing margins can significantly increase debt servicing costs, reduce profit margins, and negatively affect cash flows and overall earnings, especially given that its fixed lease rates are often juxtaposed with variable-rate debt. * Asset Residual Value and Technical Engine Issues: As a lessor in operating leases, Willis Lease Finance retains the residual value risk of its equipment. The introduction of new engine and aircraft models, or potential overcapacity in the market, could adversely affect the residual values and lease rates for its existing portfolio. Furthermore, ongoing technical issues with specific modern engine types, such as GTF and LEAP engines, can lead to increased maintenance requirements, higher operating costs, and potentially reduced utilization or marketability of these critical assets.

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AI Analysis | Feedback

Willis Lease Finance Corporation (WLFC) operates in several addressable markets related to commercial aviation.

The main addressable markets for Willis Lease Finance's products and services on a global scale are:

  • Commercial Aircraft and Aircraft Engine Leasing:
    • The global aircraft leasing market was valued at approximately USD 192.45 billion in 2024 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 11.1%. Another estimate places the global aircraft leasing market at USD 197.88 billion in 2025, with a projection to reach approximately USD 425.33 billion by 2035, growing at a CAGR of 7.95%. Approximately 53% of the global commercial aircraft fleet is leased.
    • Specifically, the global aircraft engine and component leasing market was valued at USD 4.96 billion in 2025 and is projected to grow from USD 5.29 billion in 2026 to USD 8.80 billion by 2034, exhibiting a CAGR of 6.6%. Other estimates for the global engine leasing market include a value of around USD 11.12 billion in 2025, projected to reach USD 17.70 billion by 2032 with a CAGR of around 6.87%, and USD 11.17 billion in 2025, expected to reach USD 15.56 billion by 2031 at a 5.68% CAGR.
  • Spare Parts Sales (Commercial Aircraft Aftermarket Parts):
    • The global commercial aircraft aftermarket parts market size reached USD 44.3 billion in 2024 and is expected to reach USD 72.3 billion by 2033, exhibiting a CAGR of 5.3% during 2025-2033. Other sources estimate the market size at USD 48.71 billion in 2024, projected to grow to USD 93.52 billion by 2032 with a CAGR of 8.0%, or USD 49.3 billion in 2024, expected to reach USD 108.8 billion by 2034 with a CAGR of 8.3%.
  • Engine Management and Consulting Business (Aircraft Engine MRO - Maintenance, Repair, and Overhaul):
    • The global aircraft engine MRO market was valued at approximately USD 88.91 billion in 2024 and is projected to grow to around USD 147.46 billion by 2034, with a CAGR of roughly 5.19%. Other estimates for the global aircraft engine MRO market indicate a value of USD 58.4 billion in 2024, forecast to reach USD 89.2 billion by 2030 with a CAGR of 6.3%, or USD 22.32 billion in 2024, expected to reach USD 33.80 billion by 2032 at a CAGR of 5.32%.

AI Analysis | Feedback

Willis Lease Finance Corporation (WLFC) is anticipated to experience revenue growth over the next two to three years driven by several key factors in the commercial aviation market.

Here are the expected drivers of future revenue growth for Willis Lease Finance:

  1. Expansion of Lease Portfolio and High Utilization Rates: The company has consistently grown its total lease portfolio, which includes aircraft, engines, and other equipment. This expansion, coupled with strong portfolio utilization rates (averaging around 85-86% in recent periods), directly translates to higher core lease rent revenues. The increased demand for engines and aircraft contributes to robust lease rates.
  2. Strong Demand for Spare Parts and Equipment Sales: A significant driver is the heightened demand for surplus engine material, as operators aim to extend the operational life of their current-generation engine fleets due to OEM production bottlenecks and MRO capacity limits. This trend boosts revenue from spare parts and equipment sales.
  3. Growth in Maintenance Reserve Revenues and Vertically Integrated Services: Maintenance reserve revenues are increasing due to a higher number of engines on short-term lease conditions and contractual increases in hourly and cyclical usage rates. Willis Lease's vertically integrated services, including in-house repair stations and engine management capabilities, provide a competitive advantage by offering comprehensive solutions to customers and enabling incremental lease opportunities.
  4. Strategic Asset Management Initiatives and Partnerships: Willis Lease is actively expanding its asset-light management platform through new asset management funds and joint ventures. Notable examples include Willis Aviation Capital with Liberty Mutual Insurance and Blackstone Credit & Insurance, and the Willis Mitsui joint venture. These initiatives are expected to enhance shareholder returns through service fees and carried interest, supporting long-term growth by allowing the company to pursue larger transactions.
  5. Sustained Strength in the Aviation Market: The overall robust aviation market, characterized by tight aircraft and engine supply, is creating unprecedented demand for spare engines. This environment allows Willis Lease to maintain firm lease rates and leverage its extensive portfolio of in-demand engines, supporting recurring cash flows and earnings visibility.

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Share Repurchases

  • Willis Lease Finance Corporation reported consideration of share repurchases, with an 8-K filing indicating some repurchases during the fourth quarter of 2025.

Share Issuance

  • The number of shares of common stock outstanding as of March 6, 2026, was 6,786,392.
  • As of October 31, 2024, the number of common shares outstanding was 6,603,609.
  • Shares of common stock are reserved for issuance under an Employee Stock Purchase Plan (ESPP), where eligible employees can purchase common stock biannually.

Inbound Investments

  • In 2025, Willis Lease Finance Corporation launched Willis Aviation Capital, securing over $1.6 billion in funds through partnerships with Liberty Mutual and Blackstone Credit & Insurance.
  • On September 27, 2024, the company refinanced and expanded its preferred stock from $50.0 million to a $65.0 million Series A series, providing incremental growth equity.
  • In October 2023, Willis Engine Structured Trust VII, a wholly-owned subsidiary, priced $410.0 million in aggregate principal amount of fixed rate notes.

Outbound Investments

  • As of December 31, 2025, the company's investment in the Willis Mitsui & Company Engine Support Limited (WMES) joint venture was $78.9 million, and in the CASC Willis Lease Finance Company Limited joint venture was $3.7 million.
  • Willis Lease Finance Corporation completed the sale of its consultancy and advisory arm to a joint venture with Mitsui & Co. on June 30, 2025.

Capital Expenditures

  • As of December 31, 2025, the company had $2,801.7 million of equipment held in its operating lease portfolio, and the book value of lease assets owned either directly or through joint ventures was $3,614.5 million.
  • In 2025, the company exercised options for 30 LEAP engines from CFM International to strengthen its long-term leasing portfolio.
  • Depreciation expense increased by $19.1 million to $111.6 million in 2025 as the company increased its portfolio size and placed new assets on lease.

Better Bets vs. Willis Lease Finance (WLFC)

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Peer Comparisons

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Financials

WLFCUHALCBZLIMECTASTRIMedian
NameWillis L.U-Haul CBIZ Neutron Cintas Thomson . 
Mkt Price191.6571.3042.4226.21204.4596.2083.75
Mkt Cap1.314.02.6-81.842.114.0
Rev LTM7676,0382,769-11,0277,6636,038
Op Inc LTM289461230-2,5312,058461
FCF LTM-281-1,360240-1,7942,072240
FCF 3Y Avg-257-1,633145-1,7061,962145
CFO LTM2991,795255-2,2072,7111,795
CFO 3Y Avg2671,567163-2,1152,5621,567

Growth & Margins

WLFCUHALCBZLIMECTASTRIMedian
NameWillis L.U-Haul CBIZ Neutron Cintas Thomson . 
Rev Chg LTM26.2%3.6%28.3%-8.7%5.4%8.7%
Rev Chg 3Y Avg32.2%1.0%23.7%-8.6%4.6%8.6%
Rev Chg Q23.2%3.1%1.3%-8.9%9.8%8.9%
QoQ Delta Rev Chg LTM5.0%0.6%0.4%-2.2%2.5%2.2%
Op Inc Chg LTM7.8%-38.6%31.9%-9.6%8.1%8.1%
Op Inc Chg 3Y Avg40.3%-32.0%9.6%-13.4%3.7%9.6%
Op Mgn LTM37.7%7.6%8.3%-23.0%26.9%23.0%
Op Mgn 3Y Avg40.0%12.8%8.9%-22.3%25.6%22.3%
QoQ Delta Op Mgn LTM0.4%-2.6%-0.2%--0.0%0.3%-0.0%
CFO/Rev LTM39.0%29.7%9.2%-20.0%35.4%29.7%
CFO/Rev 3Y Avg45.2%26.8%7.3%-20.8%35.1%26.8%
FCF/Rev LTM-36.6%-22.5%8.7%-16.3%27.0%8.7%
FCF/Rev 3Y Avg-37.9%-28.1%6.5%-16.7%26.9%6.5%

Valuation

WLFCUHALCBZLIMECTASTRIMedian
NameWillis L.U-Haul CBIZ Neutron Cintas Thomson . 
Mkt Cap1.314.02.6-81.842.114.0
P/S1.72.30.9-7.45.52.3
P/Op Inc4.530.311.3-32.320.520.5
P/EBIT4.329.68.1-32.219.219.2
P/E10.7168.216.9-42.227.627.6
P/CFO4.37.810.2-37.115.510.2
Total Yield10.2%0.8%5.9%-3.2%6.1%5.9%
Dividend Yield0.8%0.3%0.0%-0.8%2.5%0.8%
FCF Yield 3Y Avg-19.2%-13.9%6.4%-2.3%3.5%2.3%
D/E1.70.60.8-0.00.10.6
Net D/E1.70.50.8-0.00.00.5

Returns

WLFCUHALCBZLIMECTASTRIMedian
NameWillis L.U-Haul CBIZ Neutron Cintas Thomson . 
1M Rtn-7.2%14.6%36.4%2,947.7%19.7%22.4%21.0%
3M Rtn-8.5%35.5%41.4%2,947.7%14.4%4.2%24.9%
6M Rtn4.5%23.9%-16.5%2,947.7%5.1%-21.3%4.8%
12M Rtn38.9%14.4%-43.2%2,947.7%-7.0%-53.0%3.7%
3Y Rtn389.8%16.4%-21.8%2,947.7%65.6%-23.5%41.0%
1M Excs Rtn-0.2%15.1%25.2%2,948.4%16.4%19.3%17.8%
3M Excs Rtn-11.6%32.1%33.9%2,941.8%9.6%-1.8%20.8%
6M Excs Rtn8.5%18.4%-24.7%2,940.0%-1.9%-30.9%3.3%
12M Excs Rtn22.5%-2.8%-61.7%2,928.6%-22.6%-72.5%-12.7%
3Y Excs Rtn316.8%-48.7%-86.3%2,880.9%3.6%-89.4%-22.5%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Leasing and Related Operations693543398286257
Spare Parts Sales5826212618
Eliminations-20-0-0-0-0
Total730569419312274


Operating Income by Segment
$ Mil20252024202320222021
Leasing and Related Operations1091476499
Eliminations-0-0-0-0-0
Spare Parts Sales-4-201-0
Total10414464108


Assets by Segment
$ Mil20252024202320222021
Leasing and Related Operations3,8733,2202,6032,5302,416
Spare Parts Sales6377494547
Eliminations0000 
Total3,9363,2972,6522,5752,463


Price Behavior

Price Behavior
Market Price$191.65 
Market Cap ($ Bil)1.3 
First Trading Date11/15/1996 
Distance from 52W High-20.1% 
   50 Days200 Days
DMA Price$201.32$170.47
DMA Trendupup
Distance from DMA-4.8%12.4%
 3M1YR
Volatility61.2%47.6%
Downside Capture219.88151.27
Upside Capture135.10158.83
Correlation (SPY)28.5%41.2%
WLFC Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta0.480.931.351.571.521.21
Up Beta0.852.002.121.951.950.98
Down Beta-0.36-0.69-0.721.031.011.40
Up Capture245%169%191%270%225%417%
Bmk +ve Days11244067140429
Stock +ve Days15233871133397
Down Capture-72%78%127%110%129%102%
Bmk -ve Days10172358112321
Stock -ve Days5172453117350

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WLFC
WLFC41.8%47.5%0.88-
Sector ETF (XLI)20.6%16.6%0.9553.7%
Equity (SPY)20.2%12.6%1.1841.5%
Gold (GLD)19.6%28.0%0.6314.6%
Commodities (DBC)30.0%19.0%1.25-20.5%
Real Estate (VNQ)15.7%14.0%0.8123.3%
Bitcoin (BTCUSD)-46.3%42.8%-1.3316.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WLFC
WLFC35.8%43.1%0.84-
Sector ETF (XLI)13.3%17.6%0.5939.0%
Equity (SPY)12.8%17.1%0.5733.1%
Gold (GLD)16.9%18.4%0.745.2%
Commodities (DBC)8.7%19.5%0.342.7%
Real Estate (VNQ)2.9%18.9%0.0523.4%
Bitcoin (BTCUSD)13.6%53.5%0.4413.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WLFC
WLFC23.5%51.0%0.61-
Sector ETF (XLI)14.3%20.0%0.6346.4%
Equity (SPY)15.3%17.9%0.7337.8%
Gold (GLD)11.0%16.1%0.552.3%
Commodities (DBC)7.0%17.9%0.3113.6%
Real Estate (VNQ)5.3%20.7%0.2233.9%
Bitcoin (BTCUSD)58.5%66.2%0.9911.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6302026
Short Interest: Shares Quantity0.6 Mil
Short Interest: % Change Since 615202626.6%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest3.2 days
Basic Shares Quantity6.8 Mil
Short % of Basic Shares8.8%

Earnings Returns History

Updated 7/17/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/202617.0%10.6%-12.0%
3/10/2026-2.6%-6.0%9.3%
11/4/2025-6.0%-3.6%1.9%
8/5/20257.8%8.6%4.4%
5/6/2025-14.2%-9.3%-13.3%
3/10/2025-17.0%-3.9%-25.5%
11/4/2024-0.2%9.3%12.1%
8/1/202418.9%8.1%22.8%
...
SUMMARY STATS   
# Positive151012
# Negative91412
Median Positive2.6%9.5%15.7%
Median Negative-2.6%-2.9%-9.9%
Max Positive18.9%21.8%53.0%
Max Negative-17.0%-9.3%-25.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/202617.0%10.6%-12.0%
3/10/2026-2.6%-6.0%9.3%
11/4/2025-6.0%-3.6%1.9%
8/5/20257.8%8.6%4.4%
5/6/2025-14.2%-9.3%-13.3%
3/10/2025-17.0%-3.9%-25.5%
11/4/2024-0.2%9.3%12.1%
8/1/202418.9%8.1%22.8%
5/2/20247.1%21.8%35.5%
3/13/2024-1.6%1.6%-0.2%
11/3/20230.3%-1.4%4.2%
8/3/20235.8%4.8%-1.2%
5/4/2023-2.1%-8.4%-21.6%
3/9/20232.3%-4.6%-6.5%
11/2/20220.5%-0.0%26.1%
8/4/20220.1%-0.2%-8.6%
5/9/20221.3%-0.3%22.1%
3/14/20220.0%-2.1%-2.5%
11/2/20212.6%-1.4%-8.0%
8/3/2021-0.8%-0.9%-11.2%
5/4/20210.1%9.8%5.9%
3/15/20214.6%19.7%19.3%
11/2/20206.4%18.1%53.0%
8/5/2020-5.4%-7.2%-23.3%
SUMMARY STATS   
# Positive151012
# Negative91412
Median Positive2.6%9.5%15.7%
Median Negative-2.6%-2.9%-9.9%
Max Positive18.9%21.8%53.0%
Max Negative-17.0%-9.3%-25.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/05/202610-Q
12/31/202503/10/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/06/202510-Q
12/31/202403/11/202510-K
09/30/202411/04/202410-Q
06/30/202408/02/202410-Q
03/31/202405/03/202410-Q
12/31/202303/15/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/05/202310-Q
12/31/202203/10/202310-K
09/30/202211/04/202210-Q
06/30/202208/05/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/05/202610-Q
12/31/202503/10/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/06/202510-Q
12/31/202403/11/202510-K
09/30/202411/04/202410-Q
06/30/202408/02/202410-Q
03/31/202405/03/202410-Q
12/31/202303/15/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/05/202310-Q
12/31/202203/10/202310-K
09/30/202211/04/202210-Q
06/30/202208/05/202210-Q
03/31/202205/10/202210-Q
12/31/202103/14/202210-K
09/30/202111/03/202110-Q
06/30/202108/04/202110-Q
03/31/202105/05/202110-Q
12/31/202003/15/202110-K
09/30/202011/04/202010-Q
06/30/202008/06/202010-Q
03/31/202005/06/202010-Q
12/31/201903/12/202010-K
09/30/201911/06/201910-Q
06/30/201908/07/201910-Q

Insider Activity

Updated 7/6/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Willis, Austin ChandlerChief Executive OfficerDirectSell7062026224.075,1841,161,55633,676,151Form
2Willis, Austin ChandlerChief Executive OfficerDirectSell5052026192.773,400655,41429,971,713Form
3Willis, Austin ChandlerChief Executive OfficerDirectSell4032026173.553,400590,06831,841,966Form
4Willis, Charles F IVExecutive ChairmanDirectSell4012026167.833,282550,820155,114,155Form
5Willis, Charles F IVExecutive ChairmanDirectSell4012026164.235,721939,542152,322,634Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Willis, Austin ChandlerChief Executive OfficerDirectSell7062026224.075,1841,161,55633,676,151Form
2Willis, Austin ChandlerChief Executive OfficerDirectSell5052026192.773,400655,41429,971,713Form
3Willis, Austin ChandlerChief Executive OfficerDirectSell4032026173.553,400590,06831,841,966Form
4Willis, Charles F IVExecutive ChairmanDirectSell4012026167.833,282550,820155,114,155Form
5Willis, Charles F IVExecutive ChairmanDirectSell4012026164.235,721939,542152,322,634Form
6Willis, Charles F IVExecutive ChairmanSpouseSell4012026167.5523839,8772,271,979Form
7Willis, Charles F IVExecutive ChairmanDirectSell3272026170.099,7271,654,449158,732,203Form
8Willis, Charles F IVExecutive ChairmanDirectSell3272026172.174,270735,152162,346,577Form
9Willis, Charles F IVExecutive ChairmanDirectSell3272026176.742,000353,489167,417,869Form
10Jones, Stephen Francis DirectSell3192026167.2658798,182244,032Form
11Willis, Austin ChandlerChief Executive OfficerDirectSell3042026195.903,400666,07035,526,193Form
12Willis, Austin ChandlerChief Executive OfficerDirectSell2042026185.743,400631,52234,315,038Form
13Willis, Austin ChandlerChief Executive OfficerDirectSell1062026133.313,400453,25923,232,576Form
14Willis, Austin ChandlerChief Executive OfficerDirectSell12032025120.332,813338,48021,570,175Form
15Willis, Austin ChandlerChief Executive OfficerSonSell12032025120.3374489,522219,233Form
16Willis, Austin ChandlerChief Executive OfficerDaughterSell12032025120.3374489,522219,233Form
17Willis, Austin ChandlerChief Executive OfficerBrotherSell12032025120.3374489,5222,685,899Form
18Willis, Austin ChandlerChief Executive OfficerDirectSell12032025120.4658770,71021,932,837Form
19Willis, Austin ChandlerChief Executive OfficerSonSell12032025120.4615618,792309,105Form
20Willis, Austin ChandlerChief Executive OfficerDaughterSell12032025120.4615618,792309,105Form
21Willis, Austin ChandlerChief Executive OfficerBrotherSell12032025120.4615618,7922,778,570Form
22Willis, Austin ChandlerChief Executive OfficerDirectSell11052025126.523,400430,16623,110,423Form
23Willis, Austin ChandlerChief Executive OfficerSonSell11052025126.52900113,868344,386Form
24Willis, Austin ChandlerChief Executive OfficerDaughterSell11052025126.52900113,868344,386Form
25Willis, Austin ChandlerChief Executive OfficerBrotherSell11052025126.52900113,8682,938,035Form
26Willis, Austin ChandlerChief Executive OfficerDirectSell10032025136.173,400462,96725,335,606Form
27Willis, Austin ChandlerChief Executive OfficerSonSell10032025136.17900122,551493,198Form
28Willis, Austin ChandlerChief Executive OfficerDaughterSell10032025136.17900122,551493,198Form
29Willis, Austin ChandlerChief Executive OfficerBrotherSell10032025136.17900122,5513,284,629Form
30Willis, Austin ChandlerChief Executive OfficerDirectSell9042025145.153,400493,50127,500,041Form
31Willis, Austin ChandlerChief Executive OfficerSonSell9042025145.15900130,632656,355Form
32Willis, Austin ChandlerChief Executive OfficerDaughterSell9042025145.15900130,632656,355Form
33Willis, Austin ChandlerChief Executive OfficerBrotherSell9042025145.15900130,6323,631,872Form
34Barrington, Colm DirectSell8182025157.132,000314,2591,079,795Form
35Willis, Charles F IVExecutive ChairmanDirectSell8142025155.0230,0004,650,674148,363,644Form
36Hole, Brian RichardPRESIDENTDirectSell8122025150.139,1421,372,48813,457,653Form
37Hole, Brian RichardPRESIDENTDirectSell8082025150.1760090,10214,834,093Form
38Hole, Brian RichardPRESIDENTDirectSell8082025150.0012018,00014,907,300Form
39Hole, Brian RichardPRESIDENTDirectSell8082025150.511,296195,06114,976,046Form
40Willis, Austin ChandlerChief Executive OfficerDirectSell8052025134.953,318447,77526,027,518Form
41Willis, Austin ChandlerChief Executive OfficerDirectSell7032025140.013,450483,03427,467,302Form
42Hole, Brian RichardPRESIDENTDirectSell6302025145.167,2951,058,94614,626,370Form
Core Cache Last Updated: 7/19/2026