MAIR
Madison Air Solutions Corporation
NYSEUSDEQUITY
Industrials
DELAYED
Neutral
-1/100
Last price
24.60
▼ 0.37 (1.48%)
MARKET · —
Price
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Interval
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
—
Prev close
24.97
Day high
25.25
Day low
24.50
Volume
1.70M
Market cap
$12.34B
P/E (TTM)
50.20
52W range
22.91 – 44.50
Trailing performance
Returnvs SPY
1W
-1.17%
-3.1%
1M
-5.02%
-6.2%
3M
-28.38%
-32.9%
6M
—
-18.2%
YTD
-22.52%
-36.8%
1Y
—
-16.4%
3Y
—
-82.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on MAIR open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
180.98M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 25, 26 | LA FORCE ANDREW HUDSON III Director |
BUY | 20.00K | $556.80K | Direct |
| Aug 25, 26 | BERTARELLI ERNESTO Beneficial Owner of more than 10% of a Class of Security |
BUY | 8.77M | $219.00M | Indirect |
| Aug 25, 26 | GIES LARRY W. JR. Director and Beneficial Owner of more than 10% of a Class of Security |
STOCK | 24.83M | $620.00M | Indirect |
| Jul 15, 26 | WISNIEWSKI DAVID M. Officer |
STOCK | 19.81K | $0 | Direct |
| Jun 25, 26 | LA FORCE ANDREW HUDSON III Director |
STOCK | 5.71K | $0 | Direct |
| Jun 25, 26 | NOLEN GEORGE Director |
STOCK | 5.08K | $0 | Direct |
| May 18, 26 | PHILIPPI DALE President |
STOCK | 18.29K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BERTARELLI ERNESTO |
Beneficial Owner of more than 10% of a Class of Security | — | Purchase |
GIES LARRY W. JR. |
Director and Beneficial Owner of more than 10% of a Class of Security | — | Stock Award(Grant) |
LA FORCE ANDREW HUDSON III |
Director | 36.71K | Purchase |
NOLEN GEORGE |
Director | 5.08K | Stock Award(Grant) |
PHILIPPI DALE |
President | 233.61K | Stock Award(Grant) |
WISNIEWSKI DAVID M. |
Officer | 19.81K | Stock Award(Grant) |
Fundamentals
Market cap$12.34B
Enterprise value$15.27B
Revenue (TTM)$3.75B
Gross profit$1.46B
EBITDA$868.30M
Net income$142.20M
EPS (TTM)$0.49
Free cash flow—
Total cash$261.80M
Total debt$3.19B
Book value / share$7.28
Shares outstanding177.34M
Float103.37M
Short % of float6.68%
Dividend yield0.00%
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E50.20
Forward P/E19.29
PEG ratio—
Price / sales—
Price / book3.38
EV / revenue4.08
EV / EBITDA17.59
Gross margin39.06%
Operating margin19.76%
Profit margin3.73%
Return on equity—
Return on assets—
Debt / equity87.40
Current ratio1.82
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Total revenue | $3.52B | $2.62B | $2.56B | +34.1% |
| Operating revenue | $3.52B | $2.62B | $2.56B | +34.1% |
| Cost of revenue | $2.15B | $1.62B | $1.62B | +33.2% |
| Gross profit | $1.36B | $1.01B | $937.80M | +35.5% |
| Selling, general & admin | $514.80M | $388.60M | $390.70M | +32.5% |
| Total operating expense | $862.70M | $520.40M | $519.00M | +65.8% |
| Operating income | $501.60M | $486.50M | $418.80M | +3.1% |
| Net interest income | -$398.00M | -$295.20M | -$314.50M | -34.8% |
| Pre-tax income | $109.30M | $189.20M | $88.20M | -42.2% |
| Tax provision | $49.80M | $35.60M | $38.10M | +39.9% |
| Net income | $30.80M | $175.20M | $58.20M | -82.4% |
| Net income to common | $30.80M | $175.20M | $58.20M | -82.4% |
| Basic EPS | 0.35 | 0.36 | 0.12 | -2.3% |
| Diluted EPS | 0.35 | 0.36 | 0.12 | -2.3% |
| EBIT | $507.30M | $484.40M | $402.70M | +4.7% |
| EBITDA | $697.30M | $625.20M | $550.90M | +11.5% |
| Basic shares | 488.86M | 488.93M | 488.93M | -0.0% |
| Diluted shares | 488.86M | 488.93M | 488.93M | -0.0% |
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Cash & equivalents | $208.40M | $339.90M | $287.10M | -38.7% |
| Cash & short-term investments | $208.40M | $419.20M | $301.90M | -50.3% |
| Accounts receivable | $475.40M | $386.90M | $337.90M | +22.9% |
| Inventory | $408.40M | $293.30M | $282.00M | +39.2% |
| Total current assets | $1.14B | $1.15B | $1.08B | -1.4% |
| Property, plant & equipment | $371.70M | $229.70M | $250.70M | +61.8% |
| Goodwill & intangibles | $6.55B | $3.96B | $4.08B | +65.5% |
| Total assets | $8.18B | $5.45B | $6.38B | +50.0% |
| Total current liabilities | $681.40M | $521.90M | $541.50M | +30.6% |
| Current debt | $27.80M | $28.70M | $27.20M | -3.1% |
| Long-term debt | $5.62B | $4.10B | $4.11B | +37.0% |
| Total debt | $5.65B | $4.15B | $4.14B | +36.1% |
| Total liabilities | $8.10B | $5.55B | $5.24B | +46.0% |
| Retained earnings | -$37.00M | -$17.40M | $69.70M | -112.6% |
| Shareholder equity | -$37.00M | -$58.10M | $1.01B | +36.3% |
| Working capital | $454.60M | $630.20M | $542.10M | -27.9% |
| Net tangible assets | -$6.59B | -$4.02B | -$3.07B | -64.0% |
| Shares issued | 488.93M | 488.93M | 488.93M | 0.0% |
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Net income | $125.70M | $153.60M | $50.10M | -18.2% |
| Depreciation & amortisation | $190.00M | $140.80M | $148.20M | +34.9% |
| Change in working capital | $27.30M | -$18.70M | $65.40M | +246.0% |
| Operating cash flow | $480.40M | $17.90M | $288.10M | +2,583.8% |
| Capital expenditure | -$40.60M | -$28.20M | -$26.10M | -44.0% |
| Investing cash flow | -$2.35B | $1.06B | -$35.50M | -321.0% |
| Financing cash flow | $1.74B | -$1.04B | -$40.80M | +266.2% |
| Free cash flow | $439.80M | -$10.30M | $262.00M | +4,369.9% |
| End cash position | $208.40M | $339.90M | $287.10M | -38.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|
| Total revenue | $991.30M | $923.70M | $819.60M | $690.40M | +7.3% |
| Operating revenue | $991.30M | $923.70M | $819.60M | $690.40M | +7.3% |
| Cost of revenue | $604.90M | $570.70M | $497.20M | $436.00M | +6.0% |
| Gross profit | $386.40M | $353.00M | $322.40M | $254.40M | +9.5% |
| Selling, general & admin | $149.30M | $154.30M | $142.30M | $105.60M | -3.2% |
| Total operating expense | $190.50M | $199.30M | $187.90M | $131.60M | -4.4% |
| Operating income | $195.90M | $153.70M | $134.50M | $122.80M | +27.5% |
| Net interest income | -$84.80M | -$90.70M | -$89.10M | -$65.80M | +6.5% |
| Pre-tax income | $111.10M | $60.30M | $49.30M | $59.90M | +84.2% |
| Tax provision | $40.60M | $17.30M | $18.50M | $14.70M | +134.7% |
| Net income | $69.20M | $33.60M | $22.30M | $37.70M | +106.0% |
| Net income to common | $69.20M | $33.60M | $22.30M | $37.70M | +106.0% |
| Basic EPS | 0.15 | 0.07 | 0.05 | 0.08 | +118.2% |
| Diluted EPS | 0.15 | 0.07 | 0.05 | 0.08 | +118.2% |
| EBIT | $195.90M | $151.00M | $138.40M | $125.70M | +29.7% |
| EBITDA | $249.70M | $204.90M | $185.60M | $161.00M | +21.9% |
| Basic shares | 469.61M | 488.86M | 488.86M | 488.86M | -3.9% |
| Diluted shares | 473.97M | 488.86M | 488.86M | 488.86M | -3.0% |
| Line item | 2026-06-30 | 2026-03-31 | YoY |
|---|---|---|---|
| Cash & equivalents | $261.80M | $228.60M | +14.5% |
| Cash & short-term investments | $261.80M | $228.60M | +14.5% |
| Accounts receivable | $601.50M | $582.60M | +3.2% |
| Inventory | $460.10M | $422.60M | +8.9% |
| Total current assets | $1.37B | $1.28B | +6.8% |
| Property, plant & equipment | $361.50M | $367.90M | -1.7% |
| Goodwill & intangibles | $6.46B | $6.51B | -0.7% |
| Total assets | $8.35B | $8.31B | +0.4% |
| Total current liabilities | $752.00M | $724.90M | +3.7% |
| Current debt | $2.20M | $27.70M | -92.1% |
| Long-term debt | $3.05B | $5.62B | -45.7% |
| Total debt | $3.08B | $5.67B | -45.7% |
| Total liabilities | $4.70B | $7.28B | -35.5% |
| Retained earnings | $96.50M | $27.30M | +253.5% |
| Shareholder equity | $3.65B | $11.10M | +32,780.2% |
| Working capital | $617.90M | $558.20M | +10.7% |
| Net tangible assets | -$2.81B | -$6.50B | +56.7% |
| Shares issued | 501.67M | 488.86M | +2.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|
| Net income | $70.50M | $43.00M | $30.80M | $45.20M | +64.0% |
| Depreciation & amortisation | $53.80M | $53.90M | $47.20M | $35.30M | -0.2% |
| Change in working capital | -$85.70M | -$50.30M | $5.30M | -$23.70M | -70.4% |
| Operating cash flow | $98.60M | $57.80M | $105.50M | $54.60M | +70.6% |
| Capital expenditure | -$9.00M | -$8.10M | -$6.00M | -$4.50M | -11.1% |
| Investing cash flow | -$8.90M | -$8.10M | -$2.32B | $11.50M | -9.9% |
| Financing cash flow | -$56.40M | -$29.90M | $1.95B | $9.20M | -88.6% |
| Free cash flow | $89.60M | $49.70M | $99.50M | $50.10M | +80.3% |
Options analytics
Put / call volume
0.11
Call-heavy session
Put / call open interest
0.66
Positioning, not flow
Max pain
25.00
+1.6% from spot
ATM implied vol
3.1%
Nearest strike to spot
Skew (10% OTM)
+9.4%
Puts bid over calls
Call volume
63
Contracts, this expiry
Put volume
7
Contracts, this expiry
Heaviest call OI
25.00
222 contracts
Heaviest put OI
22.50
168 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.24 | 0.31 | +27.8% |
| Mar 2026 | 0.15 | — | — |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.30 | 11 | $1.01B | — |
| Next quarter | 0.29 | 11 | $1.00B | — |
| Current year | 1.08 | 11 | $3.92B | +17.5% |
| Next year | 1.28 | 8 | $4.16B | +6.1% |
Analyst targets & ownership
Mean target$40.89
High target$49.00
Low target$30.00
Implied upside66.22%
Analyst count9
ConsensusSTRONG BUY
Strong buy / Buy1 / 8
Hold2
Sell / Strong sell0 / 0
Held by insiders36.07%
Held by institutions71.03%
Institutions holding215
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
24.82
-0.87% from price
SMA 20
24.57
+0.14% from price
SMA 50
27.06
-9.10% from price
SMA 100
32.72
-24.83% from price
SMA 200
—
—
EMA 12
24.77
-0.69% from price
EMA 26
25.43
-3.28% from price
EMA 50
27.38
-10.14% from price
RSI (14)
43.0
Neutral
MACD (12,26,9)
-0.66
Hist 0.26
ATR (14)
0.90
3.67% of price
Realised vol 30D
49.6%
Annualised
Bollinger upper
25.69
20, 2σ
Bollinger lower
23.45
20, 2σ
50 / 200 cross
—
—
Trend bias
—
—
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.72
More volatile than market
Correlation to SPY
0.37
Loosely linked
Realised vol 30D
49.6%
Annualised
Market vol 1Y
12.1%
SPY, annualised
Max drawdown 1Y
-46.5%
Peak to trough
Max drawdown 5Y
-46.5%
Peak to trough
ATR 14
0.90
3.67% of price
Beta (reported)
—
5Y monthly, from filing
Short interest
Shares short
7.88M
Prior 5.66M
Change vs prior
+39.2%
Shorts adding
% of float
6.68%
Normal
% of shares out
1.57%
Against total outstanding
Days to cover
2.4
Liquid
Float
103.37M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 3, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Jul 31, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Jul 31, 26 | Stifel | MAINTAINED | Buy | Buy |
| Jul 16, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Jul 10, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| May 14, 26 | Stifel | MAINTAINED | Buy | Buy |
| May 13, 26 | Jefferies | INITIATED | — | Hold |
| May 13, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| May 13, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| May 13, 26 | Baird | MAINTAINED | Outperform | Outperform |
| May 11, 26 | Wolfe Research | INITIATED | — | Peer Perform |
| May 11, 26 | RBC Capital | INITIATED | — | Outperform |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-25
Corporate Changes & Voting Matters
8-K · 2026-08-17
Corporate Changes & Voting Matters
8-K · 2026-07-30
Corporate Changes & Voting Matters
8-K · 2026-06-16
Corporate Changes & Voting Matters
8-K · 2026-06-05
Periodic Financial Reports
10-Q · 2026-05-12
Additional Forms
D · 2026-04-27
Corporate Changes & Voting Matters
8-K · 2026-04-17
Headlines
HAYW vs. MAIR: Which Stock Is the Better Value Option?
Zacks · 12d ago
Madison Air Solutions (MAIR) Lifts Outlook As Its Big Deal Puts Valuation In Focus
Simply Wall St. · 13d ago
Madison Air (MAIR) Bets Big With A $2.25B Stock Sale
Insider Monkey · 15d ago
Innovation Beyond Installation: Zephyr HyperCore™ Induction Cooktop Introduces New Software
PR Newswire · 20d ago
The Heat Tax: Study Shows Industrial Airflow Offsets Extreme Heat Strain on Factory Floors
Business Wire · 28d ago
HAYW or MAIR: Which Is the Better Value Stock Right Now?
Zacks · 29d ago
Madison Air Solutions (MAIR) Paid $5.4 Billion for a German Fan Maker. Its Stock Fell 5%
Insider Monkey · 40d ago
Billionaire Tycoon Ernesto Bertarelli Buys $219 Million in Madison Air Solutions Shares. What Does This Mean for Investors?
Motley Fool · 40d ago
PRIVATE STRATEGY · BY QUALIFICATION
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