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Nasdaq · Industrials

WILLIS LEASE FINANCE CORP (WLFC)

As-reported financials and SEC filings for WILLIS LEASE FINANCE CORP. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About WILLIS LEASE FINANCE CORP

Willis Lease Finance Corporation leases and services commercial aircraft and aircraft engines to commercial aircraft operators and maintenance organizations worldwide. It owns a portfolio of engines, aircraft, and related equipment, which it leases primarily through operating leases, and also manages assets for third parties. Its subsidiary, Willis Aeronautical Services, sells aircraft engine parts and materials, supporting the lifecycle management of aircraft engines.

Snapshot

Revenue
$730.2M
Revenue growth (YoY)
28.3%
Net income
$113.8M
Diluted EPS
$15.39
Gross margin
Operating margin
14.3%
Net margin
15.6%
FCF margin
34.5%
ROE
17.2%
net income / fiscal-year-end equity
P/E
13.6×
trailing when available, otherwise FY EPS
Market cap
$1.14B
Long-term debt / equity
4.08×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Willis Lease Finance

  • Revenue grew 28.3% to $730M in FY2025, slower than the 36.0% the year before.
  • Operating margin is 14.3% in FY2025, +11.2 pp against 3.0% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $194M, down 0.8% from Q2 FY2025.
  • Free cash flow was $252M in FY2025, 34.5% of revenue.
  • Net income rose 4.7% to $114M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Willis Lease Finance’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin14.3%
76th percentile of 605
Net margin15.6%
88th percentile of 645
FCF margin34.5%
98th percentile of 562
Revenue growth (YoY)+28.3%
88th percentile of 668
ROE17.2%
77th percentile of 600
P/E13.6×
21st percentile of 435
Long-term debt / equity4.08×
97th percentile of 409
Short interest7.18d
89th percentile of 676

Willis Lease Finance’s FCF margin of 34.5% ranks in the 98th percentile of the 562 Industrials companies reporting it. Willis Lease Finance’s long-term debt to equity of 4.08 ranks in the 97th percentile of the 409 Industrials companies reporting it. Willis Lease Finance’s net margin of 15.6% ranks in the 88th percentile of the 645 Industrials companies reporting it.

1 reported insider purchase (code P) totaling $4,302 in the last 90 days, against 29 sales totaling $11.0M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+6 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$103.2M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$45.2M197.7KReduced
Two Sigma InvestmentsquantQ2 2026$44.0M192.3KAdded
Citadel AdvisorsquantQ2 2026$8.5M37.0KAdded
Point72 Asset ManagementquantQ2 2026$3.3M14.3KNew
Millennium ManagementquantQ2 2026$1.5M6.7KReduced
AQR Capital ManagementquantQ2 2026$640,8692.8KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$4K
code P value
Sells (90d)
29
$11.0M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-26
filed 2026-08-27
WILLIS CHARLES F IVExecutive ChairmanSell15.6K$55.11$860K
2026-08-25
filed 2026-08-27
WILLIS CHARLES F IVExecutive ChairmanSell11.3K$54.50$615K
2026-08-25
filed 2026-08-27
WILLIS CHARLES F IVExecutive ChairmanSell113$56.05$6K
2026-08-24
WILLIS CHARLES F IVExecutive ChairmanSell13.7K$55.23$756K
2026-08-24
WILLIS CHARLES F IVExecutive ChairmanSell3.0K$54.59$165K
2026-08-21
filed 2026-08-24
WILLIS CHARLES F IVExecutive ChairmanSell12.4K$54.44$675K
2026-08-21
filed 2026-08-24
WILLIS CHARLES F IVExecutive ChairmanSell1.1K$54.79$60K
2026-08-20
filed 2026-08-24
WILLIS CHARLES F IVExecutive ChairmanSell16.2K$53.98$874K
2026-08-20
filed 2026-08-24
WILLIS CHARLES F IVExecutive ChairmanSell116$54.66$6K
2026-08-19
WILLIS CHARLES F IVExecutive ChairmanSell11.4K$55.11$626K
2026-08-19
WILLIS CHARLES F IVExecutive ChairmanSell4.8K$57.27$275K
2026-08-19
WILLIS CHARLES F IVExecutive ChairmanSell3.1K$56.48$177K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.9M
settled 2026-08-14
Change vs prior
-7.1%
vs previous settlement
Days to cover
7.18
at avg daily volume
Avg daily volume
264.0K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.9M-7.1%7.18
2026-07-312.0M+229.9%7.99
2026-07-15618.4K+3.3%4.61
2026-06-30598.9K+26.6%3.23
2026-06-15473.2K+5.7%3.93
2026-05-29447.8K-5.5%4.55
2026-05-15473.8K+42.0%3.05
2026-04-30333.6K+4.8%3.15

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$730.2M$569.2M$418.6M$311.9M$274.2M
Gross profit
Operating income$104.3M$144.4M$64.2M$9.9M$8.3M
Net income$113.8M$108.6M$43.8M$5.4M$3.4M
Diluted EPS$15.39$15.34$6.23$0.33$0.00

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$16.4M$9.1M$7.1M$12.1M$14.3M
Current assets
Total assets$3.94B$3.30B$2.65B$2.58B$2.46B
Current liabilities
Long-term debt$2.70B$2.26B$1.80B$1.85B$1.79B
Total liabilities$3.21B$2.68B$2.16B$2.12B$2.04B
Total equity$662.1M$549.3M$439.0M$404.7M$375.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$283.2M$284.4M$229.7M$144.4M$90.7M
Capital expenditure$31.1M$15.6M$5.1M$6.6M$2.2M
Free cash flow$252.2M$268.8M$224.6M$137.8M$88.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$194.0M-0.8%$30.2M
Q1 FY2026$194.3M23.2%$25.1M$3.26
Q4 FY2025$193.6M26.7%$12.2M$1.73
Q3 FY2025$183.4M25.4%$24.3M$3.25
Q2 FY2025$195.5M29.4%$60.4M
Q1 FY2025$157.7M32.5%$16.9M$2.21
Q4 FY2024$152.8M33.7%$21.1M$3.02
Q3 FY2024$146.2M38.3%$24.1M$3.37

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryWholesale-Machinery, Equipment & Supplies
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2016
SEC CIK1018164

Selected SEC filings

10-Q2026-08-04
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
8-K2026-08-25
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-07-30
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.