| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 85 | 12.9x | 17.8x | Top tier | |
Growth | 68 | 17.3% | 7.1% | Top tier | |
Quality | 75 | 2.3% | 4.5% | Top tier | |
Safety | 31 | 9.7x | 2.6x | Bottom tier | |
Capital Return | 65 | 0.94% | 2.12% | Around median | |
Momentum | 42 | 26.1% | 2.9% | Around median | |
Sentiment | 36 | 1 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Willis Lease Finance Corporation operates in the leasing of aircraft engines and related equipment, deriving the core portion of its income from its owned on-balance-sheet portfolio, alongside managing institutional assets through Willis Aviation Capital and providing storage, repair, and fleet management services. In fiscal Q2 2026, the owned portfolio had a book value of $2.96 billion, while total assets under management reached $4.4 billion, of which 67% was on the balance sheet. Modern engines, including LEAP, GTF, and GEnx, represented about 60% of the net book value of the combined portfolio comprising WLFC and WAC, while CFM56 and V2500 engines remained an important part of the business.
In fiscal Q2 2026, the company reported revenue of $194.0 million, EDGAR-reported net income of $30.2 million, and earnings per share of $1.31, compared with expectations of $175 million in revenue and $0.90 in earnings per share. Net income attributable to common shareholders was $28.7 million, operating income was $34.0 million with annual growth of 20.2%, and adjusted earnings before interest, taxes, depreciation, and amortization were $120.7 million with growth of 4.0%. Pre-tax income was $38.1 million, compared with $74.3 million in the corresponding period, which included a non-recurring gain of $43 million from the sale of the BAML business.
The fiscal Q2 2026 revenue mix comprised $77.1 million in lease rent revenue, $46.5 million in maintenance reserve revenue, $21.2 million in spare parts and equipment sales, $9.0 million in maintenance services, and $5.5 million in management and advisory fees. The company also recorded a gain of $32.0 million on the sale of leased equipment, related to the sale of 21 engines and other equipment for $224.8 million before economic closing adjustments. This mix reflects a model combining recurring rental and fee income with more volatile revenue from asset and equipment sales.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average price target of $71, which is also the highest and lowest published target, so the target range provides no dispersion that can be used to assess differences in views. The $71 target is about 12.9% below the 52-week range high of $81.54 and about 86.8% above the range low of $38.00333. No usable price-to-earnings ratio is available in the provided data, making the stock’s valuation more dependent on growth in assets under management, the recurrence of equipment sale gains, and the development of leasing and fee income relative to operating and financing risks.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Revenue was $194.0 million, EDGAR-reported net income was about $30.2 million, and earnings per share were $1.31. Revenue exceeded analysts’ expectations of $175 million, while earnings per share also exceeded the estimate of $0.90. Net income attributable to common shareholders was $28.7 million, while operating income increased 20.2% to $34.0 million. Adjusted earnings before interest, taxes, depreciation, and amortization also grew 4.0% to $120.7 million.
The core business relies on leasing aircraft engines and equipment, with lease rent revenue reaching $77.1 million in fiscal Q2 2026. Maintenance reserves added $46.5 million, while spare parts and equipment sales generated $21.2 million. Maintenance services generated $9.0 million and management and advisory fees generated $5.5 million, alongside a gain of $32.0 million on the sale of leased equipment.
Modern engines, including LEAP, GTF, and GEnx, represented about 60% of the combined portfolio’s net book value in fiscal Q2 2026. Management explained that LEAP and GTF engines have begun reaching a stage in which scheduled removals for performance restoration and replacement of life-limited parts are accelerating. The company expects this to increase the need for off-wing maintenance and support demand for these engines. At the same time, the company continues to rely on CFM56 and V2500 while managing the market’s gradual transition toward newer technologies.
WAC assets under management reached $1.4 billion in fiscal Q2 2026, an increase of nearly 80% from the same period in fiscal 2025. Management and advisory fees increased 113% to $5.5 million, driven partly by $2.8 million in fees from the Blackstone and Liberty Mutual funds. Following the completion of most of the funds’ initial asset funding, management expects most additional growth to come from third-party market purchases. The discretionary funds had about $1.3 billion of capital ready for deployment.
Short-term maintenance reserves declined from $50.2 million to $39.0 million between fiscal Q2 2025 and fiscal Q2 2026, coinciding with a decrease in portfolio utilization to 85.0%. Maintenance services also recorded a negative gross margin of $1.4 million, while net finance costs increased to $35.1 million. Net leverage was 2.78 times, while general and administrative expenses increased to $55.6 million and technical expenses to $9.9 million. Disruptions in Iran and higher fuel prices in April and May 2026 also showed that engine operating pace and asset transaction volumes may be affected by geopolitical factors.
In June 2026, the company acquired the entities owning three Airbus A330-300 aircraft leased to China Airlines and EVA Air. In July 2026, it signed definitive documents to acquire entities owning 12 commercial aircraft and 13 engines as part of an announced $379 million portfolio. The two transactions aim to expand the portfolio and customer base and use WLFC programs to extract additional value from the assets. However, purchasing assets through special-purpose entities adds costs and complexities related to merger and acquisition transactions, and these costs appear within general and administrative expenses.
