Madison Air Solutions Corporation

NYSE:MAIR Stock Report

Market Cap: US$15.9b

Madison Air Solutions Past Earnings Performance

Past criteria checks 2/6

Madison Air Solutions has been growing earnings at an average annual rate of 1.4%, while the Building industry saw earnings growing at 8.2% annually. Revenues have been growing at an average rate of 27.6% per year. Madison Air Solutions's return on equity is 12%, and it has net margins of 2.7%.

Key information

1.35%

Earnings growth rate

n/a

EPS growth rate

Building Industry Growth13.32%
Revenue growth rate27.57%
Return on equity11.97%
Net Margin2.67%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha Jun 23

Madison Air Solutions: Mission-Critical Air Demand Makes This A Buy

Summary Initiating Madison Air Solutions (MAIR) at buy, driven by robust structural demand for mission-critical air solutions beyond traditional HVAC cycles. MAIR’s Commercial segment benefits from AI-driven data center growth, with Q1 2026 organic sales up 17.2% and backlog surging 125% year-over-year. AprilAire acquisition strengthens Residential portfolio, targeting higher revenue per job and reducing reliance on equipment replacement cycles. Valuation at 23x EBITDA offers ~60% upside if MAIR achieves $1.59B adj. EBITDA by FY29; key risks are backlog conversion pace and Residential segment softness. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How Madison Air Solutions makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:MAIR Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 263,573956430
31 Dec 253,340985940
31 Dec 242,625934190
31 Dec 232,556324140

Quality Earnings: MAIR has high quality earnings.

Growing Profit Margin: MAIR's current net profit margins (2.7%) are lower than last year (3.4%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MAIR's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare MAIR's past year earnings growth to its 5-year average.

Earnings vs Industry: MAIR earnings growth over the past year (1.4%) exceeded the Building industry -8.7%.


Return on Equity

High ROE: MAIR's Return on Equity (12%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/30 21:59
End of Day Share Price 2026/07/30 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Madison Air Solutions Corporation is covered by 11 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Timothy WojsBaird
Andrew ObinBofA Global Research
Andrew KaplowitzCitigroup Inc