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Madison Air Solutions Corporation (MAIR) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · BUILDING PRODUCTS & EQUIPMENT · DATA UPDATED 2026-09-19

Madison Air Solutions Corporation (MAIR) operates in the BUILDING PRODUCTS & EQUIPMENT industry and is headquartered in Chicago, United States with about 8,650 employees. Its market capitalization is roughly $12 billion. In the fiscal year ended 2025-12-31, MAIR reported $3.5B in revenue and $31M in net income.

Madison Air Solutions Corporation manufactures and sells indoor air quality products and solutions in the United States and internationally.

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MAIR Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-31
Total Revenue$3.5B$2.6B$2.6B
Gross Profit$1.4B$1.0B$938M
Gross Margin %38.8%38.4%36.7%
Operating Income (EBIT)$502M$486M$419M
Operating Margin %14.2%18.5%16.4%
Net Income$31M$175M$58M
Net Margin %0.9%6.7%2.3%
EBITDA$697M
Earnings Per Share (EPS)$0.06$0.36$0.12
Shares Outstanding (M)489M489M489M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MAIR Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-03-31
Total Revenue$991M$924M$690M
Gross Profit$386M$353M$254M
Gross Margin %39.0%38.2%36.9%
Operating Income (EBIT)$196M$154M$123M
Operating Margin %19.8%16.6%17.8%
Net Income$69M$34M$38M
Net Margin %7.0%3.6%5.5%
EBITDA$205M
Earnings Per Share (EPS)$0.15$0.07
Shares Outstanding (M)489M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MAIR Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-31
Cash from Operations (CFO)$480M$18M$288M
Capital Expenditures (CapEx)$41M$28M$26M
Free Cash Flow (FCF)$440M($10M)$262M
FCF Margin %12.5%-0.4%10.2%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MAIR Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-03-31
Cash from Operations (CFO)$99M$58M$55M
Capital Expenditures (CapEx)$9M$8M$4M
Free Cash Flow (FCF)$90M$50M$50M
FCF Margin %9.1%5.4%7.3%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MAIR Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-31
Total Assets$8.3B$8.2B$5.5B$6.4B
Cash & Cash Equivalents$262M$208M$340M$287M
Total Liabilities$4.7B$8.1B$5.5B$5.2B
Total Debt (Short + Long-Term)$3.1B$5.7B$4.1B$4.1B
Total Shareholders' Equity$3.6B($37M)($58M)$1.0B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive MAIR viewer.

MAIR Metric Deep Dives

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