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Willis Lease Finance
(NASDAQ:WLFC)
Willis Lease Finance (WLFC) vs. SPDR S&P 500 ETF (SPY)
Willis Lease Finance Business Overview & Revenue Model
Willis Lease Finance Key Performance Indicators (KPIs)
Shows how much profit each business line contributes—such as aircraft leasing, engine leasing, parts sales, or services—revealing which activities generate healthy margins and which drag on earnings. Helps investors judge the sustainability of profits, where management is allocating capital, and how sensitive earnings are to lease rates, maintenance costs, or asset impairments.
The FlyWillis Lease Finance Earnings Call Summary
Willis Lease Finance Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 675.84M | 569.22M | 418.56M | 311.93M | 274.20M |
| Gross Profit | 444.10M | 429.44M | 291.26M | 202.83M | 168.77M |
| EBITDA | 329.53M | 352.62M | 236.85M | 164.80M | 167.63M |
| Net Income | 113.76M | 108.61M | 43.78M | 5.44M | 3.35M |
Balance Sheet | |||||
| Total Assets | 4.03B | 3.30B | 2.65B | 2.58B | 2.46B |
| Cash, Cash Equivalents and Short-Term Investments | 16.44M | 9.11M | 7.07M | 12.15M | 14.33M |
| Total Debt | 2.71B | 2.26B | 1.80B | 1.85B | 1.79B |
| Total Liabilities | 3.31B | 2.75B | 2.21B | 2.17B | 2.09B |
| Stockholders Equity | 725.54M | 549.34M | 438.96M | 404.69M | 375.88M |
Cash Flow | |||||
| Free Cash Flow | -241.34M | -546.07M | 60.96M | -148.60M | -117.29M |
| Operating Cash Flow | 283.24M | 284.41M | 229.74M | 144.42M | 90.66M |
| Investing Cash Flow | -256.40M | -764.91M | -92.78M | -194.38M | -148.00M |
| Financing Cash Flow | 387.60M | 444.98M | -57.94M | 43.33M | 74.05M |
Willis Lease Finance Technical Analysis
Willis Lease Finance Risk Analysis
Willis Lease Finance Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $22.66B | 6.60 | 20.95% | 0.74% | 2.90% | 67.73% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $1.14B | 8.05 | 16.94% | 0.82% | 27.90% | 19.25% | |
63 Neutral | $7.24B | 9.92 | 13.23% | 1.37% | 9.67% | 96.43% | |
61 Neutral | $7.63B | 16.03 | 16.36% | 1.75% | 1.68% | 9.91% | |
47 Neutral | $1.31B | -2.13 | 193.77% | ― | -7.36% | 62.27% | |
43 Neutral | $3.58B | -5.08 | 32.05% | ― | -1.22% | -639.34% |
Willis Lease Finance Corporate Events
On March 10, 2026, Willis Lease Finance Corporation reported record results for the year ended December 31, 2025, with total revenue rising 28.3% to $730.2 million and pre-tax income increasing 5.2% to $160.6 million. The company also posted record net income attributable to common shareholders of $108.1 million, adjusted EBITDA of $459.1 million, and higher average portfolio utilization of 84.9%.
Growth in 2025 was driven by strong lease rent and maintenance reserve revenues totaling $523.6 million, a 252.3% surge in spare parts and equipment sales to $95.5 million, and a higher gain on sale of leased equipment at $54.0 million as the company sold more engines and airframes from its portfolio. Management highlighted that these operating gains, along with strategic initiatives and capital markets activities, are reinforcing long-term growth prospects and strengthening Willis Lease Finance’s position in a recovering aviation market.
The most recent analyst rating on (WLFC) stock is a Buy with a $196.00 price target. To see the full list of analyst forecasts on Willis Lease Finance stock, see the WLFC Stock Forecast page.
On February 19, 2026, Willis Lease Finance Corporation and its guarantors executed a second amendment to their existing credit agreement with Bank of America, N.A., acting as administrative agent. The amendment modifies the way “Total Debt” is calculated for determining the “Maximum Leverage Ratio,” specifically excluding certain amounts from the debt calculation.
By altering the leverage ratio mechanics without changing the agreement’s broader structure, the company gains additional flexibility in managing its balance sheet under its revolving credit facility. This change may ease potential covenant constraints, supporting ongoing financing capacity and operational resilience for Willis Lease Finance in the capital‑intensive aircraft engine leasing market.
The most recent analyst rating on (WLFC) stock is a Buy with a $196.00 price target. To see the full list of analyst forecasts on Willis Lease Finance stock, see the WLFC Stock Forecast page.
Willis Lease Finance Corporation, a global lessor of spare commercial aircraft engines and aircraft with complementary trading, asset management, maintenance and end-of-life services, supports airlines, engine manufacturers and MRO providers across the aviation lifecycle. Through subsidiaries focused on engine repair, aircraft maintenance, disassembly, storage and FBO and ground handling operations, the company delivers an integrated suite of aviation services to customers worldwide.
On February 10, 2026, WLFC announced it would release its fourth-quarter and full-year 2025 financial results on March 10, 2026, and hold a management-led conference call that same day at 10:00 a.m. Eastern Standard Time to discuss the performance. The planned release and call will provide investors and other stakeholders with an update on the company’s recent financial and operating trends, with related materials and a replay to be made available in the investor relations section of its website.
The most recent analyst rating on (WLFC) stock is a Buy with a $196.00 price target. To see the full list of analyst forecasts on Willis Lease Finance stock, see the WLFC Stock Forecast page.
On February 9, 2026, Willis Lease Finance Corporation announced an industry‑first program developed with CFM International to extend the operational life of CFM56‑5B and CFM56‑7B engines, key powerplants for many single‑aisle commercial aircraft. The initiative allows WLFC to keep these engines in service longer by restoring core components instead of fully disassembling the engines, with an initial group of engines already inducted and plans to expand participation over time.
As the first commercial aircraft engine lessor to partner with the original equipment manufacturer on this type of program for CFM56‑5B and CFM56‑7B models, WLFC aims to offer customers high‑quality, cost‑effective shop visits performed both in its own facilities and selected external shops. Access to OEM material through the agreement is expected to reinforce CFM56 reliability and time on wing for WLFC’s customer base, strengthening the company’s position in engine lifecycle management and potentially enhancing asset utilization and maintenance economics for stakeholders.
The most recent analyst rating on (WLFC) stock is a Buy with a $196.00 price target. To see the full list of analyst forecasts on Willis Lease Finance stock, see the WLFC Stock Forecast page.
On January 16, 2026, Willis Lease Finance Corporation’s board declared a quarterly cash dividend of $0.40 per share on its common stock, to be paid on February 20, 2026 to shareholders of record as of February 11, 2026. The announcement, reaffirmed in a January 20, 2026 release, underscores management’s message that the company’s current financial performance and balance sheet support ongoing capital returns and signal continued commitment to delivering long-term value to investors in the aviation leasing sector.
The most recent analyst rating on (WLFC) stock is a Buy with a $206.00 price target. To see the full list of analyst forecasts on Willis Lease Finance stock, see the WLFC Stock Forecast page.
On January 6, 2026, Willis Lease Finance Corporation decided to cease further investment in its Willis Sustainable Fuels (UK) Limited initiative and to pursue strategic alternatives for the unit, including a potential sale. The move signals a retreat from this specific sustainable fuels venture and suggests a refocusing of capital and management attention away from the UK sustainable fuels arm, with potential implications for the company’s longer-term approach to diversification into alternative aviation-related businesses.
The most recent analyst rating on (WLFC) stock is a Buy with a $157.00 price target. To see the full list of analyst forecasts on Willis Lease Finance stock, see the WLFC Stock Forecast page.
On January 5, 2026, Willis Lease Finance Corporation announced a strategic aircraft engine leasing partnership with Blackstone Credit & Insurance to create a new fund targeting current and next-generation aircraft engines and select aircraft, with plans to deploy over $1 billion in assets over the next two years. The tie-up combines Willis’s established engine leasing and asset management platform, including a pre-identified seed portfolio and near-term pipeline of high-quality engine assets, with Blackstone’s large private credit franchise to provide immediate scale, broader capital diversification for Willis and expanded access to essential engine solutions for airline customers globally, reinforcing both firms’ positioning in asset-based aviation finance.
The most recent analyst rating on (WLFC) stock is a Buy with a $157.00 price target. To see the full list of analyst forecasts on Willis Lease Finance stock, see the WLFC Stock Forecast page.
On December 18, 2025, Willis Lease Finance Corporation announced it had closed an inaugural investment partnership with Liberty Mutual Investments that will provide up to $600 million to support the company’s expanding credit strategy in aviation engine finance. Backed by a warehouse debt facility from Bank of America, the capital will be deployed into loan and loan-like engine financings, a segment Willis Lease pioneered with its first revolving credit lease in 2021, strengthening its asset management and credit platform and underscoring investor confidence in its leadership position within aviation finance.
The most recent analyst rating on (WLFC) stock is a Buy with a $140.00 price target. To see the full list of analyst forecasts on Willis Lease Finance stock, see the WLFC Stock Forecast page.
On December 23, 2025, Willis Lease Finance Corporation announced that its wholly owned subsidiary, Willis Engine Structured Trust IX, closed a $392.9 million private offering of fixed-rate asset-backed notes, comprising $337.4 million of Series A Notes and $55.5 million of Series B Notes, secured primarily by WEST’s interests in a portfolio of 47 aircraft engines and two airframes to be acquired from Willis. The notes, issued just below par with coupons of 5.159% for Series A and 5.696% for Series B and an expected six-year maturity, are supported by a suite of customary structured-finance agreements that ring‑fence WEST’s assets from the parent, establish pledged cash and maintenance reserve accounts, and formalize Willis’s roles as servicer and administrative agent, collectively enhancing funding for Willis’s engine portfolio while providing institutional investors with exposure to aviation asset cash flows under Rule 144A and Regulation S placements.
The most recent analyst rating on (WLFC) stock is a Buy with a $140.00 price target. To see the full list of analyst forecasts on Willis Lease Finance stock, see the WLFC Stock Forecast page.
On December 11, 2025, Willis Lease Finance Corporation announced the pricing of $392.9 million in fixed-rate notes through its subsidiary, Willis Engine Structured Trust IX. The notes, secured by a portfolio of 47 aircraft engines and two airframes, are part of an offering expected to close on December 23, 2025, subject to customary conditions. The issuance aims to bolster the company’s financial operations, but the notes will not be registered under the Securities Act of 1933, limiting their sale to qualified institutional buyers and non-U.S. persons.
The most recent analyst rating on (WLFC) stock is a Buy with a $140.00 price target. To see the full list of analyst forecasts on Willis Lease Finance stock, see the WLFC Stock Forecast page.
On December 10, 2025, Willis Lease Finance Corporation announced the offering of $392.9 million in fixed rate notes through its subsidiary, WEST. The proceeds from this offering will be used to cover fees, establish reserve accounts, and facilitate the acquisition of aircraft engines and airframes from WLFC, aiding in debt repayment and general corporate purposes. This strategic move is expected to impact the company’s financial operations and its positioning within the aviation leasing industry.
The most recent analyst rating on (WLFC) stock is a Buy with a $140.00 price target. To see the full list of analyst forecasts on Willis Lease Finance stock, see the WLFC Stock Forecast page.