Willis Lease Finance

WLFC

Market cap $803M

Willis Lease Finance now trades at a 34% discount to adjusted book value, following a 40% YTD price drop despite strong aviation demand. WLFC's Q3 revenue grew 25% YoY, with robust leasing and maintenance reserves, but rising OPEX and finance expenses are pressuring margins. The company is aggressively expanding, resulting in negative free cash flow, but continues to increase dividends and grow its asset base.

WLFC's Q3 earnings fall slightly due to higher taxes and expenses, but reported a 25% revenue surge. Management raises its quarterly dividend on strong leasing demand.

Willis Lease Finance Corporation remains a Buy despite a 25% decline, with a $159.28 price target offering 29% upside potential. WLFC benefits from strong demand for leased engines and spare parts due to aircraft delivery delays, but faces capacity bottlenecks and capital needs. Recent earnings showed robust revenue growth but weaker operating leverage, with rising expenses and softer margins amid ongoing investment requirements.

Willis Lease Finance Corporation ( WLFC ) Q3 2025 Earnings Call November 4, 2025 10:00 AM EST Company Participants Austin Willis - CEO & Director Scott Flaherty - Executive VP & CFO Conference Call Participants Louis Raffetto - Wolfe Research, LLC William Waller - M3F, Inc. Eric Gregg - Four Tree Island Advisory LLC Presentation Operator " Austin Willis CEO & Director " Scott Flaherty Executive VP & CFO " Louis Raffetto Wolfe Research, LLC " Wolfe Research, LLC William Waller M3F, Inc. " M3F, Inc. Eric Gregg Four Tree Island Advisory LLC " Four Tree Island Advisory LLC Operator Good day, and welcome to the Willis Lease Finance Corporation Third Quarter 2025 Earnings Call. Today's call is being recorded.

Delivers Quarterly Pre-Tax Income of  $43.2 Million and Quarterly Revenue of $183.4 Million

COCONUT CREEK, Fla., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and a global provider of aviation services, today announced that on October 31, 2025, Willis Mitsui & Co. Engine Support Limited (“WMES”), the Company's long-standing joint venture with Mitsui & Co., Ltd. (“Mitsui”), entered into a new $750.0 million, five-year, revolving credit facility (“Credit Agreement”).

COCONUT CREEK, Fla., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), the leading lessor of commercial aircraft engines and global provider of aviation services, announced today that its subsidiary, Willis Aviation Services Limited (“WASL”), a premier provider of aircraft maintenance, repair and overhaul (“MRO”) services, has signed a 250-year lease for an additional 50 acres at Teesside International Airport (“Teesside”) in Northeastern England.

COCONUT CREEK, Fla., Oct. 13, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, announced today that its subsidiary, Willis Aviation Services Limited (“WASL”), a premier provider of aircraft maintenance, repair and overhaul (“MRO”) services, has opened its second and third narrow-body hangars at Teesside International Airport (“Teesside”) in Northeastern England. The opening was commemorated with a formal ribbon-cutting ceremony today.

COCONUT CREEK, Fla., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced the appointment of Pascal Picano as Senior Vice President, Aircraft Leasing & Trading, effective immediately.

Persisting supply chain disruptions have resulted in delayed engine parts delivery, a few on-the-wing engines being serviced, high turnaround time, and even higher demand for spare engines. For the last quarter, Willis has recorded a record high revenue of $195 million and a 30% margin realization from gains on engine sales, reflecting high demand and residual value. With all the tailwinds listed, WLFC seemed to be priced fairly by the market, and the margin profile is concerning, given the increasing operational and interest expenses.