WLFC delivered a broad-based beat with accelerating revenue growth, record lease revenue, and expanding margins. The 85.8% portfolio utilization signals strong demand for aircraft engines. Watch the conference call at 10am ET for commentary on the Liberty Mutual investment fund partnership and forward guidance on engine sales and lease renewals.
Price Chart
Executive Summary
Willis Lease Finance reported Q1 2026 total revenue of $194.3M (+23.2% YoY) and diluted EPS of $3.26 (+47.5% YoY), significantly beating the single-analyst consensus estimate of $3.02 EPS on $175.0M revenue. The strong performance was driven by record lease rent revenue, a surge in gain on sale of leased equipment, and robust maintenance services revenue, with portfolio utilization rising to 85.8%.
Key Financial Metrics
Key Facts
- Q1 2026 total revenue $194.3M, up 23.2% YoY from $157.7M
- Diluted EPS $3.26, up 47.5% YoY from $2.21
- Record quarterly lease rent revenue $77.4M, up 14.2% YoY
- Record maintenance services revenue $9.8M, up 74.9% YoY
- Gain on sale of leased equipment $18.0M, up 304.8% YoY (14 engines sold)
- Adjusted EBITDA $123.8M, up 19.9% YoY
- Portfolio utilization 85.8%, up from 79.9% YoY
- Quarterly dividend declared $0.40 per share
- Net income attributable to common shareholders $23.7M, up 52.9% YoY
- Consensus EPS estimate was $3.02; actual $3.26 represents ~7.9% beat
Financial Impact
Revenue beat consensus by ~$19.3M (11.0%); EPS beat by $0.24 (7.9%). Strong operational momentum across all key metrics.
Risk Factors
- Interest expense rose 1.7% to $32.6M and debt remains high at $2.25B
- Loss on debt extinguishment of $7.0M in Q1 2026 (none in prior year)
- Maintenance reserve revenue growth slowed to 1.2% YoY
- Interest revenue declined 29.1% YoY
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3287459 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $38.54 | awaiting T+1 | — | $38.70 (+0.42%) |
Sep 22, 2026 4w ago | 8-K | $54.89 $54.38 | ▼ −0.93% | ▼ −0.21% | $38.70 (−29.50%) |
Sep 3, 2026 7w ago | Insider Cluster | $56.22 $57.43 | ▲ +2.15% | ▲ +2.70% | $38.70 (−31.16%) |
Aug 25, 2026 8w ago | 8-K | $54.62 $54.91 | ▲ +0.53% | ▲ +0.51% | $38.70 (−29.15%) |
Aug 25, 2026 8w ago | Press Release | $54.62 $54.91 | ▲ +0.53% | ▲ +0.51% | $38.70 (−29.15%) |
Aug 24, 2026 9w ago | Insider Cluster | $54.62 $54.91 | ▲ +0.53% | ▲ +0.51% | $38.70 (−29.15%) |
Aug 19, 2026 9w ago | Insider Cluster | $54.18 $54.37 | ▼ −0.35% | ▲ +0.06% | $38.70 (+28.57%) |
Aug 6, 2026 11w ago | 8-K | $63.92 $61.05 | ▼ −4.49% | ▼ −5.10% | $38.70 (−39.46%) |
Aug 5, 2026 11w ago | Insider Cluster | $63.77 $60.91 | ▼ −4.49% | ▼ −5.10% | $38.70 (−39.31%) |
Aug 4, 2026 11w ago | 8-K | $70.62 $65.21 | ▼ −7.66% | ▼ −7.46% | $38.70 (−45.20%) |
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