WILLIS LEASE FINANCE CORP (WLFC)

Nasdaq · Common Stock · Wholesale-Machinery, Equipment & Supplies

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

31 entities across 6 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-03-10 — see the exhibit.

Which other public companies file entities in the same places:

Delaware20 France4 United Kingdom4 India1 Cayman Islands1 Singapore1

Subsidiaries of WILLIS LEASE FINANCE CORP as disclosed in its SEC filing
Entity	Jurisdiction	Note
Coconut Creek Aviation Assets LLC	Delaware
Facility Engine Acquisition LLC	Delaware
WEST Engine Acquisition LLC	Delaware
WEST Engine Funding LLC	Delaware
WEST III France	France
WEST IV France	France
WEST V France	France
WEST VI Assets Corporation	Delaware
Willis Aeronautical Services, Inc.	Delaware
Willis Aeronautical Services (UK) Limited	United Kingdom
Willis Asset Finance Management LLC	Delaware
Willis Asset Finance Fund I UGP LLC	Delaware
Willis Asset Finance Fund I GP LP	Delaware
Willis Asset Leasing Fund I UGP LLC	Delaware
Willis Asset Leasing Fund I GP LP	Delaware
Willis Aviation Finance LLC	Delaware
Willis Aviation Services Limited	United Kingdom
Willis Engine Repair Centre (UK) Limited	United Kingdom
Willis Engine Structured Trust III	Delaware
Willis Engine Structured Trust IV	Delaware
Willis Engine Structured Trust V	Delaware
Willis Engine Structured Trust VI	Delaware
Willis Engine Structured Trust VII	Delaware
Willis Engine Structured Trust VIII	Delaware
Willis Engine Structured Trust IX	Delaware
Willis Lease Finance India IFSC Private Limited	India
Willis Lease France	France
Willis Lease Marine LLC	Cayman Islands	offshore centre
Willis Lease Singapore Pte. Ltd.	Singapore
Willis Sustainable Fuels (UK) Limited	United Kingdom
Willis Warehouse Facility LLC	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 7

PASSReturn on assets positiveROA 2.9%
PASSOperating cash flow positiveOCF 283M
FAILReturn on assets improving3.3% → 2.9%
PASSCash flow exceeds earningsOCF 283M vs NI 114M
PASSLong-term debt ratio falling68.7% → 68.6% of assets
FAILCurrent ratio improvingno data
FAILNo share dilution7M → 7M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.17× → 0.19×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$288.7M	$9.7M	$90.5M	—	6,128,000
FY2021	$274.2M	$3.4M	$88.5M	—	6,346,000
FY2022	$311.9M	$5.4M	$137.8M	—	6,297,000
FY2023	$418.6M	$43.8M	$224.6M	—	6,481,000
FY2024	$569.2M	$108.6M	$268.8M	—	6,804,000
FY2025	$730.2M	$113.8M	$252.2M	—	7,020,000

Ownership flow

1 institutions tracked — 1 added, 0 reduced.

Institutional holders of WILLIS LEASE FINANCE CORP and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	93,937	+17,626	$21.5M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0001018164
FIGI: BBG000H105D2
SIC: 5080 · Wholesale-Machinery, Equipment & Supplies
Incorporated: DE
Headquarters: COCONUT CREEK, FL

Ownership

Institutional: 58.5%
Institutions: 253
Insiders: 54.1%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other wholesale-machinery, equipment & supplies companies

WILLIS LEASE FINANCE CORP files under SIC 5080 — all 4 wholesale-machinery, equipment & supplies companies compared on assets and F-score.

APPLIED INDUSTRIAL TECHNOLOGIES INCAIT Distribution Solutions Group, Inc.DSGR AerSale CorpASLE

Questions about WILLIS LEASE FINANCE CORP

How many subsidiaries does WILLIS LEASE FINANCE CORP file with the SEC?: 31, listed in its most recent exhibit 21. They are incorporated across 6 jurisdictions, led by Delaware, France, United Kingdom. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is WILLIS LEASE FINANCE CORP financially healthy?: WILLIS LEASE FINANCE CORP scores 5 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of WILLIS LEASE FINANCE CORP?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

31 entities across 6 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-03-10 — see the exhibit.

Entity

Jurisdiction

Note

Coconut Creek Aviation Assets LLC

Delaware

Facility Engine Acquisition LLC

Delaware

WEST Engine Acquisition LLC

Delaware

WEST Engine Funding LLC

Delaware

WEST III France

France

WEST IV France

France

WEST V France

France

WEST VI Assets Corporation

Delaware

Willis Aeronautical Services, Inc.

Delaware

Willis Aeronautical Services (UK) Limited

United Kingdom

Willis Asset Finance Management LLC

Delaware

Willis Asset Finance Fund I UGP LLC

Delaware

Willis Asset Finance Fund I GP LP

Delaware

Willis Asset Leasing Fund I UGP LLC

Delaware

Willis Asset Leasing Fund I GP LP

Delaware

Willis Aviation Finance LLC

Delaware

Willis Aviation Services Limited

United Kingdom

Willis Engine Repair Centre (UK) Limited

United Kingdom

Willis Engine Structured Trust III

Delaware

Willis Engine Structured Trust IV

Delaware

Willis Engine Structured Trust V

Delaware

Willis Engine Structured Trust VI

Delaware

Willis Engine Structured Trust VII

Delaware

Willis Engine Structured Trust VIII

Delaware

Willis Engine Structured Trust IX

Delaware

Willis Lease Finance India IFSC Private Limited

India

Willis Lease France

France

Willis Lease Marine LLC

Cayman Islands

offshore centre

Willis Lease Singapore Pte. Ltd.

Singapore

Willis Sustainable Fuels (UK) Limited

United Kingdom

Willis Warehouse Facility LLC

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 7

PASSReturn on assets positiveROA 2.9%
PASSOperating cash flow positiveOCF 283M
FAILReturn on assets improving3.3% → 2.9%
PASSCash flow exceeds earningsOCF 283M vs NI 114M
PASSLong-term debt ratio falling68.7% → 68.6% of assets
FAILCurrent ratio improvingno data
FAILNo share dilution7M → 7M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.17× → 0.19×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$288.7M

$9.7M

$90.5M

—

6,128,000

FY2021

$274.2M

$3.4M

$88.5M

—

6,346,000

FY2022

$311.9M

$5.4M

$137.8M

—

6,297,000

FY2023

$418.6M

$43.8M

$224.6M

—

6,481,000

FY2024

$569.2M

$108.6M

$268.8M

—

6,804,000

FY2025

$730.2M

$113.8M

$252.2M

—

7,020,000

Ownership flow

1 institutions tracked — 1 added, 0 reduced.

Institutional holders of WILLIS LEASE FINANCE CORP and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	93,937	+17,626	$21.5M

Questions about WILLIS LEASE FINANCE CORP

How many subsidiaries does WILLIS LEASE FINANCE CORP file with the SEC?

31, listed in its most recent exhibit 21. They are incorporated across 6 jurisdictions, led by Delaware, France, United Kingdom. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is WILLIS LEASE FINANCE CORP financially healthy?

WILLIS LEASE FINANCE CORP scores 5 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of WILLIS LEASE FINANCE CORP?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.