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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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public disclosures for Madison Air Solutions Corporation (NYSE: MAIR.US) are limited and do not provide a clear, independently verifiable description of the company's core business or financial position. Given the sparse public record, long-term growth drivers cannot be reliably identified and investors should consult the company's filings and investor communications for a complete assessment.
Key investment risks include lack of transparency, potential share illiquidity, an unclear business model and execution or financing risk.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Type | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Income before tax | 109.30M | 189.20M | 88.20M |
| Minority interest | -27.30M | -61.00M | -18.30M |
| Net income | 30.80M | 175.20M | 58.20M |
| Selling general administrative | 514.80M | 388.60M | 390.70M |
| Gross profit | 1364.30M | 1006.90M | 937.80M |
| Reconciled depreciation | 190.00M | 140.80M | 148.20M |
| Ebit | 507.30M | 484.40M | 402.70M |
| Ebitda | 697.30M | 625.20M | 550.90M |
| Depreciation and amortization | 190.00M | 140.80M | 148.20M |
| Operating income | 501.60M | 486.50M | 418.80M |
| Other operating expenses | 3017.30M | 2138.20M | 2137.40M |
| Interest expense | 398.00M | 295.20M | 314.50M |
| Tax provision | 49.80M | 35.60M | 38.10M |
| Net interest income | -398.00M | -295.20M | -314.50M |
| Income tax expense | 49.80M | 35.60M | 38.10M |
| Total revenue | 3518.90M | 2624.70M | 2556.20M |
| Total operating expenses | 862.70M | 520.40M | 519.00M |
| Cost of revenue | 2154.60M | 1617.80M | 1618.40M |
| Total other income expense net | -392.30M | -297.30M | -330.60M |
| Net income from continuing ops | 59.50M | 153.60M | 50.10M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Type | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Total assets | 8177.10M | 5453.00M | 6384.40M |
| Intangible assets | 3231.80M | 1732.80M | 1848.10M |
| Other current assets | 43.80M | 35.10M | 145.50M |
| Total liab | 8095.00M | 5108.30M | 5238.00M |
| Total stockholder equity | -37.00M | -58.10M | 1010.60M |
| Other current liab | 265.20M | 186.60M | 287.80M |
| Capital stock | 0.00M | 0.00M | 0.00M |
| Retained earnings | -37.00M | -17.40M | 69.70M |
| Good will | 3318.50M | 2226.10M | 2236.00M |
| Cash | 208.40M | 339.90M | 287.10M |
| Total current liabilities | 681.40M | 521.90M | 541.50M |
| Current deferred revenue | 128.30M | 77.10M | 57.10M |
| Net debt | 5442.00M | 3895.30M | 3854.20M |
| Short term debt | 27.80M | 45.40M | 27.20M |
| Short long term debt | 27.80M | 28.70M | 27.20M |
| Short long term debt total | 5650.40M | 4235.20M | 4141.30M |
| Other stockholder equity | - | - | 940.90M |
| Total current assets | 1136.00M | 1152.10M | 1083.60M |
| Short term investments | 0.00M | 79.30M | 14.80M |
| Net receivables | 475.40M | 404.50M | 354.20M |
| Long term debt | 5622.60M | 4103.40M | 4114.10M |
| Inventory | 408.40M | 293.30M | 282.00M |
| Accounts payable | 260.10M | 212.80M | 169.40M |
| Accumulated other comprehensive income | - | -40.70M | - |
| Non currrent assets other | 119.10M | 105.40M | 966.00M |
| Non current assets total | 7041.10M | 4300.90M | 5300.80M |
| Capital lease obligations | - | 18.40M | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Type | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Investments | 80.50M | -60.70M | -14.80M |
| Total cashflows from investing activities | -2348.30M | 1062.40M | -34.40M |
| Net borrowings | 1600.80M | -27.80M | -28.60M |
| Total cash from financing activities | 1736.60M | -1045.00M | -41.90M |
| Net income | 125.70M | 153.60M | 31.80M |
| Change in cash | -131.50M | 32.50M | 193.20M |
| Begin period cash flow | 339.90M | 307.40M | 93.90M |
| End period cash flow | 208.40M | 339.90M | 287.10M |
| Total cash from operating activities | 480.40M | 17.90M | 288.10M |
| Issuance of capital stock | 157.50M | 0.00M | 0.00M |
| Depreciation | 190.00M | 140.80M | 148.20M |
| Other cashflows from investing activities | -87.30M | 1151.30M | -3.50M |
| Change to inventory | -36.20M | -16.20M | 67.80M |
| Change to account receivables | -23.00M | -55.80M | -23.80M |
| Other cashflows from financing activities | -21.70M | -1017.20M | -13.30M |
| Capital expenditures | 40.60M | 28.20M | 26.10M |
| Change in working capital | 27.30M | -18.70M | 65.40M |
| Other non cash items | 136.10M | -200.20M | 91.40M |
| Free cash flow | 439.80M | -10.30M | 262.00M |
Sector: Industrials Industry: Building Products & Equipment
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MAIR Madison Air Solutions Corporation |
0.21 0.91% |
23.96 | 55.58 | 18.94 | 3.20 | 3.25 | 3.74 | 18.24 |
| TT Trane Technologies plc |
-0.25 0.05% |
460.82 | 31.50 | 24.51 | 4.19 | 10.87 | 4.37 | 22.35 |
| CARR Carrier Global Corp |
-1.38 2.39% |
56.45 | 36.51 | 22.03 | 2.37 | 3.73 | 2.86 | 17.62 |
| DKILY Daikin Industries Ltd ADR |
-0.13 0.95% |
13.55 | 23.81 | 22.12 | 0.01 | 2.07 | 1.37 | 9.40 |
| CODGF Compagnie de Saint-Gobain S.A |
- -% |
75.68 | 13.39 | 9.62 | 0.89 | 1.39 | 0.98 | 6.19 |
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.
444 West Lake Street, Chicago, IL, United States, 60606
(312) 262-6374
8650
| Name | Title | Year Born |
|---|---|---|
| Ms. Jill S. Wyant | President, CEO & Director | 1972 |
| Mr. John Joseph Foley V | Chief Financial Officer | 1988 |
| Ms. Karin Overstreet | President of Nortek Data Center Cooling | 1971 |
| Mr. Russell E. Toney | Group President of Air Handling | 1970 |
| Mr. Dale Philippi | President & CEO of Research Products Corporation (AprilAire) | 1963 |
| Mr. Larry Walter Gies Jr., CPA | Founder & Chairman | 1967 |
| Mr. David M. Wisniewski CPA | Chief Accounting Officer | 1969 |
| Ms. Kristina L. Paschall | Chief Information Officer | 1975 |
| Mr. Steve Low-Tufo | Senior Vice President of Investor Relations and FP&A | NA |
| Mr. John Lavorato J.D. | General Counsel | 1968 |
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