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Willis Lease Finance

WLFC

Willis Lease Finance Corporation is a leading lessor and servicer of commercial aircraft and aircraft engines, specializing in providing end-to-end lifecycle management for aviation assets.

Market cap
$5.05B+415%
Revenue$766.9M+26.2%
Net income$122.0M+16.6%
Free cash flow$271.8M+11.9%
EPS (diluted)$16.44+12.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$175.0M
EPS estimate$0.90

Financials

Q1 2026

Income statement

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Revenue$194.3M+23.2%
Operating income$33.8M+41.4%
Net income$25.1M+48.7%
EPS (diluted)$3.26+47.5%

Balance sheet

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Cash & equivalents$220.6M+47.9%
Total debt$2.4B-3.6%
Total equity$694.4M+22.8%
Total assets$3.5B+7.1%

Cash flow

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Operating cash flow$56.7M+38.2%
CapEx$3.5M-52.7%
Free cash flow$53.1M+58.5%

Valuation & ratios

Valuation

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Market cap$5.05B+415%
Enterprise value$7.24B+132%
P/E41.4×+33.3×
P/S6.6×+5.1×

Profitability

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Operating margin14.9%-8.3pp
Net margin15.9%-1.3pp
FCF margin35.4%-4.5pp

Returns & leverage

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Return on equity19.4%-1.0pp
Debt / equity3.5×-1.0×

Segments

By segment

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Leasing and  Related Operations$184.3M+30.1%
Spare Parts Sales$17.6M-6.4%

By product

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Spare parts and equipment sales$21.7M+18.9%
Maintenance Services$9.8M+74.9%

Competitors

Profile

Willis Lease Finance Corporation is a leading lessor and servicer of commercial aircraft and aircraft engines, specializing in providing end-to-end lifecycle management for aviation assets. The company builds value by acquiring high-demand engines and aircraft, generating returns through operating leases, maintenance reserve revenues, and management fees for third-party assets. Its vertically integrated model includes spare parts sales and technical services to support global commercial aircraft operators and maintenance organizations.

Competitive position

A leading specialist in the spare engine leasing market with a focus on noise-compliant Stage IV commercial jet engines.

GeographiesNorth America, Europe, Asia, United Kingdom
Customer segmentsCommercial Airlines, Cargo Carriers, MRO Facilities
Business modelOperating Lease, Asset Management, Vertical Integration
SuppliersEngine manufacturers, Aircraft manufacturers, Financial institutions, Asset-backed security markets
CustomersCommercial airlines, Air cargo operators, Maintenance, repair and overhaul (MRO) providers
Listed1996
Employees363.0
CEOAustin Chandler Willis
FilingsSEC EDGAR

Questions, answered.

What is Willis Lease Finance's market cap?
Willis Lease Finance (WLFC) has a market capitalization of $5.0B and trades on NASDAQ.
What is Willis Lease Finance's revenue and profitability?
Willis Lease Finance generated $766.9M in trailing twelve-month revenue with net income of $122.0M, representing a net margin of 15.9%. Gross margin stands at 84.7%, with free cash flow of $271.8M. These figures are based on the Q1 2026 filing.
Who are Willis Lease Finance's competitors?
Willis Lease Finance's key competitors include GE Aerospace, AerCap Holdings N.V., FTAI Aviation Ltd. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Willis Lease Finance partner with?
Willis Lease Finance's notable partners include Mitsui & Co., Ltd., China Aviation Supplies Import & Export Corporation, Global Engine Maintenance, and others.
What subsidiaries does Willis Lease Finance have?
Willis Lease Finance's subsidiaries include Willis Aeronautical Services, Inc., Willis Engine Structured Trust.
Where is Willis Lease Finance headquartered?
Willis Lease Finance is headquartered in United States of America and employs approximately 363 people. It has been publicly traded since 1996.