CSL vs. MAIR: Carlisle vs. Madison Air Stock Comparison
How do Carlisle (CSL) 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
Carlisle (CSL) and Madison Air (MAIR) are both classified in the Building Products sub-industry within the broader Building Products industry, placing them in the closest GICS peer bucket.
Carlisle (CSL) has been public since February 21, 1973, giving it decades of market history across multiple cycles, while Madison Air (MAIR) listed only on April 16, 2026 and lacks comparable through-cycle data.
| Profile Item | CSL | MAIR |
|---|---|---|
| Name | Carlisle Companies Incorporated | Madison Air Solutions Corporation Class A Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Capital Goods | Capital Goods |
| GICS Industry | Building Products | Building Products |
| GICS Sub-Industry | Building Products | Building Products |
| Market Capitalization | 14.52 billion USD | 11.56 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | February 21, 1973 | April 16, 2026 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CSL | MAIR |
|---|---|---|
| Total Return (1Y) | 24.99% | -- |
| Total Return (3Y, Annualized) | 15.85% | -- |
| Total Return (5Y, Annualized) | 12.02% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CSL | MAIR |
|---|---|---|
| Volatility (1Y, Annualized) | 38.46% | 57.10% |
| Beta (5Y) | 0.76 | 1.60 |
| Max Drawdown (5Y) | -37.72% | -51.16% |
| Avg. Volume (3M) | 509.16K | 2.60M |
Risk-Adjusted Performance
Risk-Return Positioning
Both CSL and MAIR need 1-year volatility and 1-year return to plot risk-return positioning.
Risk-Adjusted Metrics
| Metric | CSL | MAIR |
|---|---|---|
| Sharpe Ratio (1Y) | 0.54 | -- |
| Sortino Ratio (1Y) | 0.87 | -- |
Profitability
ROE (TTM)
Capital efficiency shows on one side only: Carlisle (CSL) earns 42.34% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.
CSL
Capital Goods industry group
42.34%
- CSL
- 42.34%
- Max
- 40.55%
- Q3
- 19.29%
- Median
- 12.12%
- 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
- --
Net Margin (TTM)
Carlisle (CSL) at 13.78% retains a top-quartile share of revenue as profit, ahead of Madison Air (MAIR) at 3.73%, which keeps about the industry-typical share.
CSL
Capital Goods industry group
13.78%
- Max
- 27.47%
- CSL
- 13.78%
- Q3
- 12.10%
- Median
- 6.30%
- 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%
Operating Margin (TTM)
Both Carlisle (CSL) at 20.21% and Madison Air (MAIR) at 19.76% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
CSL
Capital Goods industry group
20.21%
- Max
- 36.60%
- CSL
- 20.21%
- Q3
- 18.33%
- Median
- 11.12%
- 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%
Profitability Metrics
| Metric | CSL | MAIR |
|---|---|---|
| ROE (TTM) | 42.34% | -- |
| ROA (TTM) | 10.20% | -- |
| Net Margin (TTM) | 13.78% | 3.73% |
| Operating Margin (TTM) | 20.21% | 19.76% |
| Gross Margin (TTM) | 34.66% | 39.06% |
Growth
Revenue Growth
Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Carlisle (CSL) at 0.33% is in the bottom quartile, showing a clear gap in revenue momentum.
EPS Growth
Madison Air (MAIR) at -2.32% is around its peer norm for EPS growth, while Carlisle (CSL) at -38.46% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | CSL | MAIR |
|---|---|---|
| Revenue Growth (YoY) | 0.33% | 34.07% |
| Revenue Growth (3Y CAGR) | -2.70% | -- |
| EPS Growth (YoY) | -38.46% | -2.32% |
| EPS Growth (3Y CAGR) | -0.84% | -- |
Financial Strength
Current Ratio (MRQ)
Both Carlisle (CSL) at 2.41 and Madison Air (MAIR) at 1.82 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
CSL
Capital Goods industry group
2.41
- Max
- 5.22
- Q3
- 2.95
- CSL
- 2.41
- Median
- 2.08
- Q1
- 1.43
- 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
Debt / Equity (MRQ)
Madison Air (MAIR) at 0.87 carries an industry-typical debt-to-equity mix, while Carlisle (CSL) at 2.01 uses more debt funding than most peers.
CSL
Capital Goods industry group
2.01
- Max
- 2.33
- CSL
- 2.01
- Q3
- 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
Financial Strength Metrics
| Metric | CSL | MAIR |
|---|---|---|
| Current Ratio (MRQ) | 2.41 | 1.82 |
| Debt / Equity (MRQ) | 2.01 | 0.87 |
| Net Debt / EBITDA | 1.93 | 3.37 |
Dividends
Dividend Yield (TTM)
Madison Air (MAIR) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Carlisle (CSL) reports a yield of 1.20%, ranking against industry peers normally.
CSL
Capital Goods industry group
1.20%
- Max
- 2.66%
- CSL
- 1.20%
- Q3
- 1.14%
- Median
- 0.24%
- 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%
Dividend Payout Ratio (TTM)
Madison Air (MAIR) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Carlisle (CSL) reports a payout of 25.50%, ranking against industry peers normally.
CSL
Capital Goods industry group
25.50%
- Max
- 67.39%
- Q3
- 28.02%
- CSL
- 25.50%
- Median
- 6.86%
- 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%
Dividend Metrics
| Metric | CSL | MAIR |
|---|---|---|
| Dividend Yield (TTM) | 1.20% | 0.00% |
| Dividend Payout Ratio (TTM) | 25.50% | 0.00% |
Valuation
P/E Ratio (TTM)
Carlisle (CSL) at 21.06 is near its industry’s usual P/E ratio, while Madison Air (MAIR) at 164.57 sits above its peer range — an unusually expensive price for MAIR’s trailing earnings.
CSL
Capital Goods industry group
21.06
- Max
- 59.38
- Q3
- 35.92
- Median
- 25.41
- CSL
- 21.06
- Q1
- 19.47
- Min
- 3.03
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
P/S Ratio (TTM)
On P/S ratio, both Carlisle (CSL) at 2.79 and Madison Air (MAIR) at 3.09 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
CSL
Capital Goods industry group
2.79
- Max
- 7.54
- Q3
- 3.76
- CSL
- 2.79
- Median
- 2.15
- 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
P/B Ratio (MRQ)
Madison Air (MAIR) at 3.17 sits near its industry’s typical P/B ratio, while Carlisle (CSL) at 10.11 prices above its benchmark range — CSL looks rich relative to book.
CSL
Capital Goods industry group
10.11
- CSL
- 10.11
- Max
- 9.66
- 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
Valuation Metrics
| Metric | CSL | MAIR |
|---|---|---|
| P/E Ratio (TTM) | 21.06 | 164.57 |
| P/S Ratio (TTM) | 2.79 | 3.09 |
| P/B Ratio (MRQ) | 10.11 | 3.17 |
| Free Cash Flow Yield (TTM) | 4.01% | -- |