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Applied Industrial Technologies vs Willis Lease Finance: AIT and WLFC compared
Applied Industrial Technologies is the larger company: $1.3B of revenue in its latest quarter (Q1 FY27) against $246M for Willis Lease Finance (Q3 2026). Willis Lease Finance is growing faster (+34% against +8% a year earlier). Applied Industrial Technologies is more profitable, with an operating margin of 11.1% against 4.7%.
Where the money goes: AIT and WLFC
Applied Industrial Technologies (AIT) · Q1 FY27
Applied Industrial Technologies, Q1 FY27: revenue $1.3B (+8% year over year), operating margin 11.1%, net earnings $110M, operating cash flow $86.4M. The chart follows the revenue to costs, profit and cash.
Willis Lease Finance (WLFC) · Q3 2026
Willis Lease Finance, Q3 2026: revenue $246M (+34% year over year), operating margin 4.7%, net earnings $11.7M, operating cash flow $105M. The chart follows the revenue to costs, profit and cash.
| Applied Industrial Technologies (AIT) | Willis Lease Finance (WLFC) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $1.3B | $246M |
| Revenue growth, Y/Y | +8% | +34% |
| Gross margin | 30.4% | — |
| Operating margin | 11.1% | 4.7% |
| Net earnings | $110M | $11.7M |
| Net margin | 8.6% | 4.7% |
| Operating cash flow | $86.4M | $105M |
| Free cash flow | $73.4M | $103M |
| Market value | $10.5B | $897M |
| P/E | 25.0× | 3.4× |
| Analysts’ mean target | $380.00 | $70.50 |
Where the revenue comes from
Applied Industrial Technologies
- Service Center: $815M (63%)
- Engineered Solutions: $476M (37%)
Questions
Which is bigger, Applied Industrial Technologies or Willis Lease Finance?
Applied Industrial Technologies is the larger company: $1.3B of revenue in its latest quarter (Q1 FY27) against $246M for Willis Lease Finance (Q3 2026).
Is Applied Industrial Technologies or Willis Lease Finance growing faster?
Willis Lease Finance is growing faster (+34% against +8% a year earlier).
Which is more profitable, Applied Industrial Technologies or Willis Lease Finance?
Applied Industrial Technologies is more profitable, with an operating margin of 11.1% against 4.7%.
More: Applied Industrial Technologies earnings · how Applied Industrial Technologies makes money · Willis Lease Finance earnings · how Willis Lease Finance makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.