Willis Lease Finance Corporation (WLFC) reported a 45.2% decline in net income, totaling $10.8 million for Q4 2025, down from $19.6 million in Q4 2024. Earnings per share decreased to $1.52 from $2.81 year-over-year. Despite this, total revenues rose 26.7% to $193.6 million, driven mainly by a 16.2% increase in lease rent revenue, reaching $75.1 million.
In 2025, Willis Lease posted record revenues of $730.2 million, a 28.3% increase compared to $569.2 million in 2024. The company’s lease rent revenues increased by 22.4% to $291.6 million, while maintenance reserve revenues rose 8.4% to $232 million. However, net finance costs also increased, totaling $135.1 million, reflecting higher debt levels to support portfolio growth.
Shares of WLFC have declined 7.1% since the earnings report, against the S&P 500’s 2.3% decline. Over the past month, WLFC stock has dropped 15.9% compared to a 2.9% decrease in the S&P 500.
