Madison Air Solutions Corporation (MAIR) Income Statement
MAIR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMAIR revenue and net income
Where MAIR's revenue goes
2025Each bar shows an amount and its share of revenue. MAIR kept 0.9% of revenue as net income.
MAIR profit margins
MAIR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +34.1% | — | — | — |
| Gross profit | +35.5% | — | — | — |
| Operating income | +3.1% | — | — | — |
| Net income | −82.4% | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MAIR quarterly EPS vs estimates
Madison Air Solutions beat the analyst EPS estimate in 1 of the last 2 quarters. Next report: October 29, 2026 (estimate $0.30).
MAIR income statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $3.52B | $2.62B | $2.56B |
| Cost of revenue | $2.15B | $1.62B | $1.62B |
| Gross profit | $1.36B | $1.01B | $937.8M |
| Sales, general & admin | $514.8M | $388.6M | $390.7M |
| Total operating expenses | $862.7M | $520.4M | $519.0M |
| Operating income | $501.6M | $486.5M | $418.8M |
| Interest expense | $398.0M | $295.2M | $314.5M |
| Income before taxes | $109.3M | $189.2M | $88.2M |
| Income taxes | $49.8M | $35.6M | $38.1M |
| Net income | $30.8M | $175.2M | $58.2M |
| EBITDA | $697.3M | $625.2M | $550.9M |
| EPS (diluted) | $0.06 | — | — |
| Gross margin | 38.8% | 38.4% | 36.7% |
| Operating margin | 14.3% | 18.5% | 16.4% |
| Net margin | 0.9% | 6.7% | 2.3% |
| Jun '26 | Mar '26 | Jun '25 | Mar '25 | |
|---|---|---|---|---|
| Revenue | $991.3M | $923.7M | $819.6M | $690.4M |
| Cost of revenue | $604.9M | $570.7M | $497.2M | $436.0M |
| Gross profit | $386.4M | $353.0M | $322.4M | $254.4M |
| Sales, general & admin | $149.3M | $154.3M | $142.3M | $105.6M |
| Total operating expenses | $190.5M | $199.3M | $187.9M | $131.6M |
| Operating income | $195.9M | $153.7M | $134.5M | $122.8M |
| Interest expense | $84.8M | $90.7M | $89.1M | $65.8M |
| Income before taxes | $111.1M | $60.3M | $49.3M | $59.9M |
| Income taxes | $40.6M | $17.3M | $18.5M | $14.7M |
| Net income | $69.2M | $33.6M | $22.3M | $37.7M |
| EBITDA | $249.7M | $204.9M | $185.6M | $161.0M |
| EPS (diluted) | $0.31 | $0.07 | — | — |
| Gross margin | 39.0% | 38.2% | 39.3% | 36.8% |
| Operating margin | 19.8% | 16.6% | 16.4% | 17.8% |
| Net margin | 7.0% | 3.6% | 2.7% | 5.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MAIR's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MAIR financial results
In fiscal year 2025 (ended December 31, 2025), Madison Air Solutions reported revenue of $3.5 billion, up 34.1% from the year before. It had net income of $30.8 million (down 82.4%), a net profit margin of 0.9%. Diluted earnings per share came to $0.06.
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MAIR income statement FAQ
What is Madison Air Solutions's annual revenue?
Madison Air Solutions reported total revenue of $3.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 34.1% from $2.6 billion the previous year.
Is Madison Air Solutions profitable?
Yes. Madison Air Solutions reported net income of $30.8 million in fiscal 2025, a net profit margin of 0.9%; its operating margin was 14.3%.
What is Madison Air Solutions's gross margin?
Madison Air Solutions's gross margin was 38.8% in fiscal 2025: for every $100 of revenue, Madison Air Solutions kept $39 after the direct cost of its products and services.
What are Madison Air Solutions's earnings per share?
Madison Air Solutions earned $0.06 per diluted share in fiscal 2025.
When will Madison Air Solutions report its next earnings?
Madison Air Solutions is expected to report results for the quarter ending September 30, 2026 on October 29, 2026.
When does Madison Air Solutions's fiscal year end?
Madison Air Solutions's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.