WinstonWınston
Back
Willis Lease Finance Corporation logo

Willis Lease Finance Corporation

WLFC
49
Rental & Leasing Services · Industrials
Price
$54.37
+0.19 (+0.35%)
Market Cap
$3.90B
Exchange
NASDAQ
Winston Score
49
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Good
Cash Flow
Good
Stability
Weak
Valuation
Good
Dividends
Good

Share count rising — dilution

+10.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 57.1M (2021) → 63.2M (2025)

Winston Score History

The full picture

Willis Lease Finance Corporation buys commercial aircraft engines and leases them to airlines, maintenance shops, and other aviation companies around the world. The company focuses on spare engines — the extra engines airlines need when one of their regular engines is being repaired or inspected. It operates in the aviation services industry and manages one of the largest portfolios of spare commercial jet engines globally.

Willis makes money by charging lease fees over the life of each engine contract, similar to how a landlord collects rent. It operates internationally, serving customers across North America, Europe, Asia, and beyond, and generates over $500 million in annual revenue. Its competitive edge comes from the sheer size and variety of its engine portfolio, which gives airlines flexible options during maintenance cycles. The main risk is that the business is capital-intensive — buying engines requires heavy borrowing — so rising interest rates or a slowdown in air travel demand could pressure profitability.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-0.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+41.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

71.5%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$163M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Willis Lease Finance Corporation's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
17.5%
Thin — 17.5% gross margin
Profit after running costs
Operating Margin
17.5%
Healthy — 17.5% operating margin
Return on the money invested
ROCE
6.5%
Weak — 6.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+16.8%
Fast-growing sales (+16.8% YoY)
Profit growth
EPS YoY
+18.2%
Earnings growing fast (+18.2% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
297%
Turns 297% of profit into real cash
Spare cash per sale
FCF Margin
-30.5%
Burning cash (-30.5%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
3.01
Heavy debt load (3.01)
Covers its interest
Interest Cover
1.61x
Dangerous — barely covers interest (1.6x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
23.7x
Growth-priced — P/E 23.7

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+5.7
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (23.7 → 18.0)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
0.94%
Small dividend — 0.94% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+33.3%
Dividend growing fast (33.3% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial