Madison Air Solutions Corporation

MAIR · NYSE · Industrials / Building Products & Equipment

23.79USD+0.03 (+0.13%)

Price History

Full chart

Market Stats

Previous Close23.76

Open24.63

Day Range23.55 – 24.63

52-Week Range22.91 – 44.50

Volume1.25M

Market Cap12.62B

P/E (TTM)58.51

Forward P/E20.20

EPS0.43

Dividend Yield0.00%

50-Day Avg28.69

200-Day Avg34.11

About

Madison Air Solutions Corporation manufactures and sells indoor air quality products and solutions in the United States and internationally. It offers heating, air filtration and purification, air movement, and air conditioning solutions under the Reznor, AprilAire, Big Ass Fans, Nortek Air Solutions and, Roberts-Gordon. The company also provides related services, such as custom design, installation, repair, and maintenance. The company distributes through various customer bases and sales channels, including direct sales to national, regional and local companies; manufacturers' sales representatives; distributors; and retail partners. It serves healthcare and life sciences, advanced manufacturing, data centers, logistics, and education industries, as well as residential markets. Madison Air Solutions Corporation was founded in 2017 and is based in Chicago, Illinois. Madison Air Solutions Corporation is a subsidiary of Madison Industries Holdings LLC.

Company Details

SectorIndustrials
IndustryBuilding Products & Equipment
CEOMs. Jill S. Wyant
Employees8.65K
Headquarters444 West Lake Street, Chicago, IL, United States, 60606, USA
Websitehttps://www.madisonair.com

Leadership

Ms. Jill S. WyantPresident, CEO & Director · b. 1972
Mr. John Joseph Foley VChief Financial Officer · b. 1988
Ms. Karin OverstreetPresident of Nortek Data Center Cooling · b. 1971
Mr. Russell E. ToneyGroup President of Air Handling · b. 1970
Mr. Dale PhilippiPresident & CEO of Research Products Corporation (AprilAire) · b. 1963
Mr. Larry Walter Gies Jr., CPAFounder & Chairman · b. 1967
Mr. David M. Wisniewski CPAChief Accounting Officer · b. 1969
Ms. Kristina L. PaschallChief Information Officer · b. 1975
Mr. Steve Low-TufoSenior Vice President of Investor Relations and FP&A
Mr. John Lavorato J.D.General Counsel · b. 1968

Financials

Income Statement

Currency: USD	2023-12-31	2024-12-31	2025-12-31
Total Revenue	2.56B	2.62B	3.52B
Growth (%)	-	+2.68%	+34.07%
Cost of Revenue	1.62B	1.62B	2.15B
Gross Profit	937.80M	1.01B	1.36B
Gross Margin	36.69%	38.36%	38.77%
Operating Expense	519.00M	520.40M	862.70M
Operating Income	418.80M	486.50M	501.60M
Operating Margin	16.38%	18.54%	14.25%
EBITDA	550.90M	625.20M	697.30M
EBITDA Margin	21.55%	23.82%	19.82%
Net Income	58.20M	175.20M	30.80M
Net Income Margin	2.28%	6.68%	0.88%
Interest Expense	314.50M	295.20M	398.00M
Interest Expense % of Total Revenue	12.30%	11.25%	11.31%

Balance Sheet

Currency: USD	2023-12-31	2024-12-31	2025-12-31
Total Assets	6.38B	5.45B	8.18B
Total Liabilities	5.24B	5.11B	8.10B
Total Equity	1.01B	-58.10M	-37.00M
Cash	287.10M	339.90M	208.40M
Total Debt	4.14B	4.24B	5.65B
Net Debt	3.85B	3.90B	5.44B

Cash Flow

Currency: USD	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	288.10M	17.90M	480.40M
Investing Cash Flow	-34.40M	1.06B	-2.35B
Financing Cash Flow	-41.90M	-1.04B	1.74B
Capital Expenditure	26.10M	28.20M	40.60M
Free Cash Flow	262.00M	-10.30M	439.80M
FCF to OCF	90.94%	-57.54%	91.55%

Earnings

Report Date	May 12, 2026	Jul 30, 2026	Oct 29, 2026
EPS Estimate	0.15	0.24	0.30
EPS Actual	0.07	0.31	-
Surprise	-55.33%	29.17%	-
Timing	-	Pre-market	-

Key Statistics & Ratios

Market Cap12.62B

Enterprise Value15.49B

Trailing P/E58.51

Forward P/E20.20

Price / Sales3.37

Price / Book3.47

EPS0.43

Book Value7.28

Revenue (TTM)3.75B

Gross Profit (TTM)1.46B

EBITDA868.30M

Profit Margin3.73%

Operating Margin19.76%

Return on Equity19.20%

Return on Assets5.14%

Shares Outstanding177.34M

Shares Float103.37M

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Ownership Breakdown

Institutions: 70.83%
Insiders: 36.05%
Retail / Other: 0.00%

Top Institutional Holders

Durable Capital Partners LP
10.20M2.03%
SCHF (GPE), LLC
7.41M1.48%
Citadel Advisors Llc
6.45M1.29%
Pictet Asset Manangement SA
4.43M0.88%
Zimmer Partners LP
4.15M0.83%
Forest Avenue Capital Management LP
4.06M0.81%
XN LP
2.63M0.52%
D1 Capital Partners L.P.
1.25M0.25%
NORGES BANK
1.00M0.20%

Top Fund Holders

MS INVF US Advantage I
3.02M0.60%
Pictet-Clean Energy Transition I USD
2.88M0.57%
Vanguard MStar Total Stk Mkt Idx Invest
2.62M0.52%
T. Rowe Price Mid-Cap Growth
1.98M0.39%
Vanguard Small Cap Index
1.89M0.38%
Fidelity Growth Company Fund
1.62M0.32%
Lord Abbett Growth Leaders I
1.40M0.28%
Baron Real Estate Institutional
1.15M0.23%
Vanguard MStar Small Cap Growth Indx Inv
1.08M0.22%
RobecoSAM Sustainable Water B EUR
1.04M0.21%
iShares Large Cap Core Active ETF
983.31K0.20%