Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Willis Lease Finance Corp.WLFC · shops | |
|---|---|
| Grade |  Dfourth fifth of 258 graded peers; percentile 70.0, sampling error 2.9 points; lower is stronger |
| Rank | 181 of 258 |
| Profitability | Dpercentile 70.1 |
| Solvency | D/Epercentile 79.7 |
| Growth and financing | Bpercentile 30.5 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $3.9B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress |
| Inputs computable | 8 of 14 |
| Graded from | filings received through Mar 30, 2026193 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $39.992026-10-08; market equity $845.6M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 10, 2026; the document on sec.gov.
Willis Lease Finance Corporation with its subsidiaries (“WLFC” or the “Company”) is a leading lessor and servicer of commercial aircraft and aircraft engines. Our principal business objective is to build value for our shareholders by acquiring commercial aircraft and engines and managing those assets in order to provide a return on investment, primarily through lease rent and maintenance reserve revenues, as well as through management fees earned for managing assets owned by third parties.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 70.1 | |||||||
| Gross profitability | not computable | 42.6% | |||||
| latest aligned inputs end 2019-12-31; latest annual assets end 2025-12-31 | |||||||
| Return on invested capital | 2.4% | [3-11] | 10.9% | 83.1 | 84 | 2025-12-31 | |
| Accruals ratio | (4.7%) | [1,12-14] | (4.9%) | 57.0 | 287 | 2025-12-31 | |
| Gross margin stability, five years | not computable | 1.2 pts | |||||
| five annual gross margins are required; found 2 | |||||||
| Solvency, sleeve percentile 79.7 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| liabilities and a nearby cover-page share count are required at 2025-12-31 | |||||||
| Altman Z double-prime | not computable | 1.92 | |||||
| one or more required annual facts are missing | |||||||
| Net debt to EBITDA | 12.43x | [3,6,8,15] | 1.84x | 99.0 | 100 | 2025-12-31 | |
| Interest coverage | 0.77x | [3,16] | 2.26x | 60.3 | 64 | 2025-12-31 | |
| Current ratio | not computable | 1.37x | |||||
| one or more required annual facts are missing | |||||||
| Growth and financing, sleeve percentile 30.5 | |||||||
| Revenue growth, three-year compound | 32.8% | [2,17-19] | 1.5% | 2.2 | 269 | 2025-12-31 | |
| Free cash flow growth, three-year compound | 22.3% | [13,20-26] | 5.6% | 25.3 | 147 | 2025-12-31 | |
| Reinvestment rate | not computable | 7.3% | |||||
| one or more required annual facts are missing | |||||||
| Asset growth, three years | 15.2% | [1,14,27-28] | 3.4% | 9.2 | 272 | 2025-12-31 | |
| Net share issuance, one year | 2.7% | [29-30] | (0.6%) | 85.2 | 211 | 2026-03-06 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.184; sampling error 2.9 percentile points on 258 peers.
Among 258 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 176 | Arko Corp. (ARKO) Arko Corp. (ARKO) Dfourth fifth; percentile 68.1 Nasdaq · Retail-Convenience Stores market equity $462.2M; last close $4.11 No active warnings; 12 of 14 inputs | 68.1 | D | |
| 177 | Bloomin' Brands, Inc. (BLMN) Bloomin' Brands, Inc. (BLMN) Dfourth fifth; percentile 68.5 Nasdaq · Retail-Eating Places market equity $726.1M; last close $8.47 No active warnings; 10 of 14 inputs | 68.5 | D | |
| 178 | Educational Development Corp. (EDUC) Educational Development Corp. (EDUC) Dfourth fifth; percentile 68.9 Nasdaq · Wholesale-Miscellaneous Nondurable Goods market equity $11.1M; last close $1.30 Warnings: fortress balance sheet; 7 of 14 inputs | 68.9 | D | fortress balance sheet |
| 179 | OneWater Marine Inc. (ONEW) OneWater Marine Inc. (ONEW) Dfourth fifth; percentile 69.3 Nasdaq · Retail-Auto & Home Supply Stores last close $9.63 No active warnings; 7 of 14 inputs | 69.3 | D | |
| 180 | Lands' END, Inc. (LE) Lands' END, Inc. (LE) Dfourth fifth; percentile 69.6 Nasdaq · Retail-Family Clothing Stores market equity $307.0M; last close $10.49 Warnings: short runway; 9 of 14 inputs | 69.6 | D | short runway |
| 181 | Willis Lease Finance Corp. (WLFC) Willis Lease Finance Corp. (WLFC) Dfourth fifth; percentile 70.0 Nasdaq · Wholesale-Machinery, Equipment & Supplies market equity $846.0M; last close $39.99 No active warnings; 8 of 14 inputs | 70.0 | D | |
| 182 | Builders FirstSource, Inc. (BLDR) Builders FirstSource, Inc. (BLDR) Dfourth fifth; percentile 70.4 NYSE · Retail-Lumber & Other Building Materials Dealers market equity $5.8B; last close $53.80 No active warnings; 12 of 14 inputs | 70.4 | D | |
| 183 | Wendy's Co. (WEN) Wendy's Co. (WEN) Dfourth fifth; percentile 70.8 Nasdaq · Retail-Eating & Drinking Places market equity $1.2B; last close $6.23 No active warnings; 12 of 14 inputs | 70.8 | D | |
| 184 | Ingram Micro Holding Corp. (INGM) Ingram Micro Holding Corp. (INGM) Dfourth fifth; percentile 71.2 NYSE · Wholesale-Computers & Peripheral Equipment & Software market equity $6.4B; last close $27.59 No active warnings; 8 of 14 inputs | 71.2 | D | |
| 185 | HF Foods Group Inc. (HFFG) HF Foods Group Inc. (HFFG) Dfourth fifth; percentile 71.6 Nasdaq · Wholesale-Groceries & Related Products market equity $86.8M; last close $1.60 No active warnings; 9 of 14 inputs | 71.6 | D | |
| 186 | Team Inc. (TISI) Team Inc. (TISI) Dfourth fifth; percentile 72.0 NYSE · Services-Miscellaneous Repair Services market equity $121.6M; last close $26.63 No active warnings; 9 of 14 inputs | 72.0 | D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 72.7 | 2204 |
| sector peers, equal sleeves (the grade) | D | 70.0 | 258 |
| same exchange, equal sleeves | D | 67.0 | 1219 |
| sector peers, equal inputs | C/D | 59.9 | 258 |
Each letter is one fifth of the 258 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 19.5% | (0.1%) | 69 | hotter than 69 of 100 peers |
| Distance from 52-week high | (50.0%) | (24.1%) | 17 | closer to its high than 17 of 100 peers |
| EBIT to enterprise value | 3.3% | 5.3% | 30 | pricier than 70 of 100 peers |
| Free cash flow yield | 29.8% | 4.2% | 98 | pricier than 2 of 100 peers |
| Book value to price | 0.84 | 0.36 | 78 | pricier than 22 of 100 peers |
| Sales to price | 0.86 | 1.75 | 30 | pricier than 70 of 100 peers |
| Composite equity issuance, five years | 12.8% | (16.7%) | 88 | more equity-funded than 88 of 100 peers |
| Relative strength against the sector, log excess return | 0.20 | 0.02 | 69 | ahead of 69 of 100 peers |
Inputs: market equity $846.0M; EBIT $104.3M; free cash flow $252.2M; book equity $708.6M; sales $730.2M; debt $2.3B; cash $10.7M[31].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | 3.5% | ✓ pass[12,14] |
| Operating cash flow above zero | $283.2M | ✓ pass[13] |
| Return on assets improved | (0.6 pts) | ✗ fail[12,14,27,32] |
| Operating cash flow exceeds net income | $169.5M | ✓ pass[12-13] |
| Long-term leverage fell | (1.5 pts) | ✓ pass[1,6,9,14,27] |
| Current ratio improved | n/a | |
| No new shares issued | 2.7% | ✗ fail[29-30] |
| Gross margin improved | n/a | |
| Asset turnover improved | 0.7 pts | ✓ pass[2,14,17,27] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $10.7M[33] |
| Operating cash flow, four quarters | $272.2M[13,33-37] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 66 |
| 10-Q received Aug 4, 2026 | |
| Median daily dollar volume | $12.5M |
| 63 sessions | |
| Days since newest grade input | 193 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $3.9B | 2025-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $730.2M | 2025-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 3 | operating income | us-gaap:OperatingIncomeLoss | $104.3M | 2025-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 4 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $160.6M | 2025-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 5 | income tax | us-gaap:IncomeTaxExpenseBenefit | $46.8M | 2025-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 6 | total debt | us-gaap:LongTermDebt | $2.7B | 2025-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 7 | book equity | us-gaap:StockholdersEquity | $662.1M | 2025-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 8 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $16.4M | 2025-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 9 | total debt | us-gaap:LongTermDebt | $2.3B | 2024-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 10 | book equity | us-gaap:StockholdersEquity | $549.3M | 2024-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 11 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $9.1M | 2024-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 12 | net income | us-gaap:NetIncomeLoss | $113.8M | 2025-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 13 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $283.2M | 2025-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 14 | assets | us-gaap:Assets | $3.3B | 2024-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 15 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $111.6M | 2025-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 16 | interest expense | us-gaap:InterestAndDebtExpense | $135.1M | 2025-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 17 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $569.2M | 2024-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 18 | revenue | us-gaap:Revenues | $418.6M | 2023-12-31 | 2025-03-11 | 10-K | filing · viewer · series |
| 19 | revenue | us-gaap:Revenues | $311.9M | 2022-12-31 | 2024-03-15 | 10-K | filing · viewer · series |
| 20 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $31.1M | 2025-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 21 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $284.4M | 2024-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 22 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $15.6M | 2024-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 23 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $229.7M | 2023-12-31 | 2025-03-11 | 10-K | filing · viewer · series |
| 24 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $5.1M | 2023-12-31 | 2025-03-11 | 10-K | filing · viewer · series |
| 25 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $144.4M | 2022-12-31 | 2024-03-15 | 10-K | filing · viewer · series |
| 26 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $6.6M | 2022-12-31 | 2024-03-15 | 10-K | filing · viewer · series |
| 27 | assets | us-gaap:Assets | $2.7B | 2023-12-31 | 2025-03-11 | 10-K | filing · viewer · series |
| 28 | assets | us-gaap:Assets | $2.6B | 2022-12-31 | 2024-03-15 | 10-K | filing · viewer · series |
| 29 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 6,786,392 | 2026-03-06 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 30 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 6,606,390 | 2025-03-07 | 2025-03-11 | 10-K | filing · viewer · series |
| 31 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 21,144,111 | 2026-07-31 | 2026-08-04 | 10-Q | filing · viewer · series |
| 32 | net income | us-gaap:NetIncomeLoss | $108.6M | 2024-12-31 | 2026-03-30 | 10-K/A | filing · viewer · series |
| 33 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $10.7M | 2026-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $134.2M | 2026-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $56.7M | 2026-03-31 | 2026-05-05 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $209.1M | 2025-09-30 | 2025-11-04 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $145.2M | 2025-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 70.0 is 10.0 points from the nearest band edge; sampling error is 2.9 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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