Madison Air Solutions Corporation

MAIR

Industrials Building Products & Equipment

Madison Air Solutions Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.3 billion, up 27.3% from fiscal 2024.

24.52 1.48 +6.42%
Market cap
$11.6B
P/E
52.4×
Fwd P/E
34.7×
Dividend yield
—
F-score
n/a
ROIC
5.83%
Net debt / EBITDA
7.5×
Dividend safety
n/a

Insider Decisions last twelve months

Net bought
$219.6M
Trades
0 sells · 2 buys
Ownership
76.9%

Capital & Financial Ratios $m

Size
Market Cap 11,560
Revenue ttm 3,425
Net income ttm 269
Free cash flow ttm 685
Net debt Q 2,792
Valuation
P/E 52.4 (above 35: high)
Forward P/E 34.7
Price / sales 3.2
Forward P/S Powerpack
Price / FCF 15.8
Price / book 3.0
Financial health
Current ratio Q 1.8 (at or above 1.5: strong)
Debt / equity Q 0.8
Interest coverage Q 2.3
Growth
Revenue growth Q —
Operating income growth Q —
EPS, this year +31.0% (at or above 15%: strong)
EPS, next year A +11.8%
Revenue, next year A +21.6% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +17.4% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash — 419 208 262
Receivables — 387 475 602
Inventory — 293 408 460
Other — — — —
— 1,152 1,136 1,370
2023 2024 2025 Q'26
Payables — 213 260 336
ST’ Debt — 29 28 2
Other — 77 128 140
— 522 681 752

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.10 0.15 — — —
’25 0.12 0.07 — — 0.30
’24 — — — — 0.55
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 924 991 — — —
’25 690 820 — — 3,340
’24 — — — — 2,625
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 58 99 — — —
’25 55 106 — 480 480
’24 — — — 18 18
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 50 90 — — —
’25 50 102 — 443 443
’24 — — — (4) (4)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — — 2,556 2,625 3,340 3,425 +14.3% 4,062 4,771 4,741 +12.4%
Gross margin, % — — — — — — — 36.69 38.36 38.55 38.43 +1.9 pt
EBT — — — — — — — 88 189 192 281 +47.5%
EBT margin, % — — — — — — — 3.45 7.21 5.75 8.19 +2.3 pt
Net income — — — — — — — 77 236 124 269 +27.5%
Per share, $
Per share, $ Revenue — — — — — — — 7.97 8.18 10.42 7.29 +14.3%
Earnings — — — — — — — 0.18 0.55 0.30 0.44 +29.1%
Cash flow — — — — — — — 0.90 0.06 1.50 1.58 +29.1%
Capex — — — — — — — (0.05) (0.07) (0.12) (0.12) +48.3%
Free cash flow — — — — — — — 0.84 (0.01) 1.38 1.46 +27.8%
Book value — — — — — — — 0.00 (0.29) 0.26 7.77 n/m
Shares, m — — — — — — — 321 321 321 358 0.0%
Valuation, ×
Valuation, × P/E — — — — — — — 88.64 88.64 88.64 52.36 88.6
P/S — — — — — — — 0.00 0.00 0.00 3.16 0.0
P/B — — — — — — — 71.23 71.23 71.23 2.96 71.2
EV/Sales — — — — — — — 0.00 0.00 0.00 3.97 0.0
EV/FCF — — — — — — — 24.23 24.23 24.23 19.88 24.2
Cash, $m
Cash, $m Operating cash flow — — — — — — — 288 18 480 742 +29.1%
Capex — — — — — — — (17) (22) (38) (58) +48.2%
Free cash flow — — — — — — — 271 (4) 443 685 +27.8%
Balance, $m
Balance, $m Working capital — — — — — — — — 630 455 618 (27.9%)
Net debt — — — — — — — — 3,713 5,442 2,792 +46.6%
Shareholders’ equity — — — — — — — — (92) 82 3,650 n/m
Returns, %
Returns, % ROA — — — — — — — 0.00 6.43 1.42 3.90 +1.4 pt
ROIC — — — — — — — 0.00 8.21 6.02 5.83 +6.0 pt
ROE — — — — — — — 0.00 0.00 (1,865.38) 0.00 (1,865.4) pt
People
People Employees — — — — — — — — — 8,650 — —
Revenue/emp, $m — — — — — — — 0.00 0.00 0.39 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Madison Air Solutions Corporation vs peers in Building Products & Equipment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MAS Masco Corporation $15.9B 17.6× 17.5× +2.56% (above 0%: growing) +36.06% (above 0%: growing) −20.00% (below 0%: shrinking) 36.62% 17.24% Compare
CSL Carlisle Companies Incorporated $14.5B 21.1× 20.3× +8.65% (above 0%: growing) +5.21% (above 0%: growing) −29.51% (below 0%: shrinking) 33.82% 20.04% Compare
LII Lennox International, Inc. $11.7B 15.8× 16.1× +10.21% (above 0%: growing) −8.27% (below 0%: shrinking) +36.71% (above 0%: growing) 31.62% 19.85% Compare
MAIR Madison Air Solutions Corporation $11.6B 52.4× 34.7× — — +79.04% (above 0%: growing) 38.98% 19.70%
OC Owens Corning Inc $9.4B — (loss-making) 45.4× −7.27% (below 0%: shrinking) n/m −16.47% (below 0%: shrinking) 24.71% (6.11%) Compare
WMS Advanced Drainage Systems, Inc. $9.2B 23.5× 20.0× +4.59% (above 0%: growing) −27.32% (below 0%: shrinking) −22.85% (below 0%: shrinking) 38.89% 21.91% Compare
AWI Armstrong World Industries, Inc. $7.2B 22.8× 21.7× +11.90% (above 0%: growing) +10.25% (above 0%: growing) −29.42% (below 0%: shrinking) 40.08% 27.57% Compare
SPXC SPX Technologies, Inc. $7.2B 23.9× 22.0× +20.53% (above 0%: growing) +25.78% (above 0%: growing) −79.92% (below 0%: shrinking) 39.12% 16.14% Compare
BLDR Builders FirstSource, Inc. $6.7B 168× 2,092× −2.21% (below 0%: shrinking) −49.42% (below 0%: shrinking) −83.67% (below 0%: shrinking) 27.82% 2.57% Compare
Median of peers $9.3B 22.8× 21.0× +6.62% +5.21% −26.13% 35.22% 18.55%

All 34 Building Products & Equipment stocks →

Madison Air Solutions Corporation (MAIR) Latest News

7 Nov

Impact 4 · · MarketBeat transcript

5 Nov

15 Oct

25 Sep

22 Sep

Impact 4 · · Insider Monkey

21 Aug

Impact 3 · · The Motley Fool

31 Jul

Impact 3 · · MarketBeat transcript

15 May

Impact 4 · · The Motley Fool

13 May

Impact 3 · · MarketBeat transcript

MAIR metrics, ten years each

stockrow.com/MAIR · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com