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APG vs. MAIR: APi Group vs. Madison Air Stock Comparison

How do APi Group (APG) and Madison Air (MAIR) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

APi Group (APG) and Madison Air (MAIR) both fall under the Capital Goods industry group, but APG is classified in Construction & Engineering while MAIR is classified in Building Products.

APi Group (APG) has traded publicly since April 29, 2020, giving it several years of listed trading history, while Madison Air (MAIR) only listed on April 16, 2026 and has a limited public-market record.

Company profile comparison for APi Group (APG) and Madison Air (MAIR)
Profile ItemAPGMAIR
NameAPi Group Corporation Common StockMadison Air Solutions Corporation Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryConstruction & EngineeringBuilding Products
GICS Sub-IndustryConstruction & EngineeringBuilding Products
Market Capitalization17.38 billion USD11.56 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateApril 29, 2020April 16, 2026
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

APG
MAIR
GSPC
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APi Group (APG) vs. Madison Air (MAIR), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for APi Group (APG) and Madison Air (MAIR). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for APi Group (APG) and Madison Air (MAIR). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for APi Group (APG) and Madison Air (MAIR)
MetricAPGMAIR
Total Return (1Y)17.89%--
Total Return (3Y, Annualized)33.17%--
Total Return (5Y, Annualized)23.35%--

Risk Profile

Drawdown History

APG
MAIR
GSPC
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APi Group (APG) vs. Madison Air (MAIR), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for APi Group (APG) and Madison Air (MAIR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for APi Group (APG) and Madison Air (MAIR)
MetricAPGMAIR
Volatility (1Y, Annualized)32.45%57.10%
Beta (5Y)1.591.60
Max Drawdown (5Y)-49.62%-51.16%
Avg. Volume (3M)3.19M2.60M

Risk-Adjusted Performance

Risk-Return Positioning

Both APG and MAIR need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Risk-adjusted metrics for APi Group (APG) and Madison Air (MAIR)
MetricAPGMAIR
Sharpe Ratio (1Y)0.42--
Sortino Ratio (1Y)0.61--

Profitability

ROE (TTM)

Capital efficiency shows on one side only: APi Group (APG) earns 10.85% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.

APG

Capital Goods industry group

10.85%

Max
40.55%
Q3
19.29%
Median
12.12%
APG
10.85%
Q1
4.08%
Min
-17.12%

MAIR

Capital Goods industry group

--

Max
40.55%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
MAIR
--
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APi Group (APG) vs. Madison Air (MAIR): MAIR does not report ROE, so it has no value marker; APG is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Both APi Group (APG) at 4.12% and Madison Air (MAIR) at 3.73% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

APG

Capital Goods industry group

4.12%

Max
27.47%
Q3
12.10%
Median
6.30%
APG
4.12%
Q1
1.40%
Min
-12.89%

MAIR

Capital Goods industry group

3.73%

Max
27.47%
Q3
12.10%
Median
6.30%
MAIR
3.73%
Q1
1.40%
Min
-12.89%
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APi Group (APG) vs. Madison Air (MAIR): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Madison Air (MAIR) at 19.76% operates in the top operating margin quartile, ahead of APi Group (APG) at 9.28%, which runs around its industry’s norm.

APG

Capital Goods industry group

9.28%

Max
36.60%
Q3
18.33%
Median
11.12%
APG
9.28%
Q1
5.14%
Min
-12.63%

MAIR

Capital Goods industry group

19.76%

Max
36.60%
MAIR
19.76%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
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APi Group (APG) vs. Madison Air (MAIR): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for APi Group (APG) and Madison Air (MAIR)
MetricAPGMAIR
ROE (TTM)10.85%--
ROA (TTM)5.20%--
Net Margin (TTM)4.12%3.73%
Operating Margin (TTM)9.28%19.76%
Gross Margin (TTM)31.11%39.06%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while APi Group (APG) at 12.72% is closer to the peer norm — faster top-line expansion for MAIR.

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APi Group (APG) vs. Madison Air (MAIR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Madison Air (MAIR) reports EPS growth of -2.32%, ranked against its industry; APi Group (APG) has no EPS growth figure this period.

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APi Group (APG) vs. Madison Air (MAIR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for APi Group (APG) and Madison Air (MAIR)
MetricAPGMAIR
Revenue Growth (YoY)12.72%34.07%
Revenue Growth (3Y CAGR)6.45%--
EPS Growth (YoY)---2.32%
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Madison Air (MAIR) at 1.82 keeps current ratio within its industry’s typical mid-range, while APi Group (APG) at 1.18 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for APG.

APG

Capital Goods industry group

1.18

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
APG
1.18
Min
0.36

MAIR

Capital Goods industry group

1.82

Max
5.22
Q3
2.95
Median
2.08
MAIR
1.82
Q1
1.43
Min
0.36
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APi Group (APG) vs. Madison Air (MAIR): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both APi Group (APG) at 1.12 and Madison Air (MAIR) at 0.87 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

APG

Capital Goods industry group

1.12

Max
2.33
Q3
1.12
APG
1.12
Median
0.60
Q1
0.29
Min
0.00

MAIR

Capital Goods industry group

0.87

Max
2.33
Q3
1.12
MAIR
0.87
Median
0.60
Q1
0.29
Min
0.00
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APi Group (APG) vs. Madison Air (MAIR): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for APi Group (APG) and Madison Air (MAIR)
MetricAPGMAIR
Current Ratio (MRQ)1.181.82
Debt / Equity (MRQ)1.120.87
Net Debt / EBITDA3.053.37

Dividends

Dividend Yield (TTM)

Neither APi Group (APG) nor Madison Air (MAIR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

APG

Capital Goods industry group

0.00%

Max
2.66%
Q3
1.14%
Median
0.24%
APG
0.00%
Q1
0.00%
Min
0.00%

MAIR

Capital Goods industry group

0.00%

Max
2.66%
Q3
1.14%
Median
0.24%
MAIR
0.00%
Q1
0.00%
Min
0.00%
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APi Group (APG) vs. Madison Air (MAIR): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Neither APi Group (APG) nor Madison Air (MAIR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

APG

Capital Goods industry group

0.00%

Max
67.39%
Q3
28.02%
Median
6.86%
APG
0.00%
Q1
0.00%
Min
0.00%

MAIR

Capital Goods industry group

0.00%

Max
67.39%
Q3
28.02%
Median
6.86%
MAIR
0.00%
Q1
0.00%
Min
0.00%
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APi Group (APG) vs. Madison Air (MAIR): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for APi Group (APG) and Madison Air (MAIR)
MetricAPGMAIR
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Madison Air (MAIR) trades at 164.57 times trailing earnings, ranked against its peers, while APi Group (APG) has no P/E ratio this period.

APG

Capital Goods industry group

--

Max
59.38
Q3
35.92
Median
25.41
Q1
19.47
Min
3.03
APG
--

MAIR

Capital Goods industry group

164.57

MAIR
164.57
Max
59.38
Q3
35.92
Median
25.41
Q1
19.47
Min
3.03
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APi Group (APG) vs. Madison Air (MAIR): APG does not report P/E ratio, so it has no value marker; MAIR is benchmarked against the Capital Goods industry group.

P/S Ratio (TTM)

On P/S ratio, both APi Group (APG) at 1.95 and Madison Air (MAIR) at 3.09 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

APG

Capital Goods industry group

1.95

Max
7.54
Q3
3.76
Median
2.15
APG
1.95
Q1
1.03
Min
0.03

MAIR

Capital Goods industry group

3.09

Max
7.54
Q3
3.76
MAIR
3.09
Median
2.15
Q1
1.03
Min
0.03
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APi Group (APG) vs. Madison Air (MAIR): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Madison Air (MAIR) at 3.17 is valued about in line with its industry on P/B ratio, while APi Group (APG) at 5.01 carries an above-peer premium to book — APG is pricier on assets.

APG

Capital Goods industry group

5.01

Max
9.66
APG
5.01
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08

MAIR

Capital Goods industry group

3.17

Max
9.66
Q3
5.00
MAIR
3.17
Median
3.12
Q1
1.81
Min
-1.08
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APi Group (APG) vs. Madison Air (MAIR): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for APi Group (APG) and Madison Air (MAIR)
MetricAPGMAIR
P/E Ratio (TTM)--164.57
P/S Ratio (TTM)1.953.09
P/B Ratio (MRQ)5.013.17
Free Cash Flow Yield (TTM)3.54%--