Madison Air Solutions Corporation (MAIR) Key Metrics
MAIR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $11.71B
- Enterprise value
- $15.49B
- P/E (TTM)
- 47.6
- Forward P/E
- 20.2
- PEG ratio
- —
- Price / sales
- 3.1
- Price / book
- 3.5
- EV / EBITDA
- 19.2
- Dividend yield
- —
- Beta
- —
MAIR key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMAIR returns How much profit the business earns on the capital it uses.
MAIR per-share figures Results divided by the shares outstanding at year-end.
MAIR financial health Debt, liquidity and how easily interest is covered.
MAIR efficiency & capital use Working capital cycle and where the cash goes.
MAIR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MAIR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MAIR key metrics
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Per share | |||
| Revenue per share | $7.20 | $5.37 | $5.23 |
| Earnings per share | $0.06 | $0.36 | $0.12 |
| Operating cash flow per share | $0.98 | $0.04 | $0.59 |
| Free cash flow per share | $0.90 | −$0.02 | $0.54 |
| Cash per share | $0.43 | $0.86 | $0.62 |
| Book value per share | −$0.08 | −$0.12 | $2.07 |
| Tangible book value per share | −$13.47 | −$8.22 | −$6.29 |
| Capex per share | $0.08 | $0.06 | $0.05 |
| Debt per share | $11.56 | $8.66 | $8.47 |
| Shares outstanding | 488.9M | 488.9M | 488.9M |
| Change in shares outstanding | −0.0% | 0.0% | — |
| Returns & profitability | |||
| Return on equity (ROE) | — | — | 5.8% |
| Return on invested capital (ROIC) | 6.0% | 9.2% | 4.9% |
| Return on assets (ROA) | 0.5% | 3.0% | 0.9% |
| Return on tangible assets | 1.9% | 11.7% | 2.5% |
| Free cash flow margin | 12.5% | −0.4% | 10.2% |
| Income quality (OCF / net income) | 15.60 | 0.10 | 4.95 |
| Financial health | |||
| Total debt | $5.65B | $4.24B | $4.14B |
| Cash & short-term investments | $208.4M | $419.2M | $301.9M |
| Net debt | $5.44B | $3.82B | $3.84B |
| Debt / equity | — | — | 4.10 |
| Debt / assets | 0.69 | 0.78 | 0.65 |
| Net debt / EBITDA | 7.80 | 6.10 | 6.97 |
| Current ratio | 1.67 | 2.21 | 2.00 |
| Quick ratio | 1.07 | 1.65 | 1.48 |
| Interest coverage | 1.3 | 1.6 | 1.3 |
| Working capital | $454.6M | $630.2M | $542.1M |
| Invested capital | $5.41B | $3.76B | $4.85B |
| Tangible asset value | −$6.47B | −$3.61B | −$2.94B |
| Net current asset value | −$6.96B | −$3.96B | −$4.15B |
| Graham number | — | — | $2.35 |
| Graham net-net per share | −$14.99 | −$8.67 | −$9.26 |
| Capital allocation | |||
| Capex / revenue | 1.2% | 1.1% | 1.0% |
| Capex / operating cash flow | 8.5% | 157.5% | 9.1% |
| Capex / depreciation | 0.21 | 0.20 | 0.18 |
| SG&A / revenue | 14.6% | 14.8% | 15.3% |
| Efficiency | |||
| Days sales outstanding | 45.6 | 52.8 | 50.6 |
| Days of inventory on hand | 59.4 | 64.9 | 63.6 |
| Days payables outstanding | 40.1 | 43.1 | 38.2 |
| Cash conversion cycle (days) | 65.0 | 74.5 | 76.0 |
| Receivables turnover | 8.00 | 6.92 | 7.22 |
| Payables turnover | 9.11 | 8.47 | 9.55 |
| Inventory turnover | 6.14 | 5.62 | 5.74 |
| Asset turnover | 0.52 | 0.44 | 0.40 |
| Average receivables | $439.9M | $379.4M | $354.2M |
| Average payables | $236.4M | $191.1M | $169.4M |
| Average inventory | $350.9M | $287.6M | $282.0M |
| Intangibles / total assets | 80.1% | 72.6% | 64.0% |
Computed from MAIR's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MAIR valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 47.6 and the forward P/E is 20.2. Madison Air Solutions earned a return on invested capital of 6.0% in fiscal 2025. It ended the year with $5.7 billion of debt and $208.4 million in cash and short-term investments, net debt of $5.4 billion.
See the MAIR income statement, the MAIR chart for price history, or the MAIR stock overview for the latest quote and news.
MAIR key metrics FAQ
What is Madison Air Solutions's P/E ratio?
Madison Air Solutions's trailing P/E ratio is 47.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 20.2. At the end of fiscal 2025 it was —.
What is Madison Air Solutions's ROIC?
Madison Air Solutions's return on invested capital was 6.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Madison Air Solutions have?
Madison Air Solutions had total debt of $5.7 billion at the end of fiscal 2025 and $5.4 billion of net debt (7.80 times EBITDA).
What is Madison Air Solutions's current ratio?
Madison Air Solutions's current ratio was 1.67 at the end of fiscal 2025: current assets were 1.67 times current liabilities.