EMBJ vs. MAIR: Embraer vs. Madison Air Stock Comparison
How do Embraer (EMBJ) 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
Embraer (EMBJ) and Madison Air (MAIR) both fall under the Capital Goods industry group, but EMBJ is classified in Aerospace & Defense while MAIR is classified in Building Products.
Embraer (EMBJ) has been public since July 21, 2000, 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.
Madison Air (MAIR) trades as ordinary local shares, while Embraer (EMBJ) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | EMBJ | MAIR |
|---|---|---|
| Name | Embraer S.A. Sponsored American Depositary Receipt | Madison Air Solutions Corporation Class A Common Stock |
| Country/Region | Brazil | United States |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Capital Goods | Capital Goods |
| GICS Industry | Aerospace & Defense | Building Products |
| GICS Sub-Industry | Aerospace & Defense | Building Products |
| Market Capitalization | 13.18 billion USD | 11.56 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 21, 2000 | April 16, 2026 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | EMBJ | MAIR |
|---|---|---|
| Total Return (1Y) | 20.08% | -- |
| Total Return (3Y, Annualized) | 72.16% | -- |
| Total Return (5Y, Annualized) | 35.19% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | EMBJ | MAIR |
|---|---|---|
| Volatility (1Y, Annualized) | 41.67% | 57.10% |
| Beta (5Y) | 1.47 | 1.60 |
| Max Drawdown (5Y) | -54.48% | -51.16% |
| Avg. Volume (3M) | 1.43M | 2.60M |
Risk-Adjusted Performance
Risk-Return Positioning
Both EMBJ and MAIR need 1-year volatility and 1-year return to plot risk-return positioning.
Risk-Adjusted Metrics
| Metric | EMBJ | MAIR |
|---|---|---|
| Sharpe Ratio (1Y) | 0.38 | -- |
| Sortino Ratio (1Y) | 0.52 | -- |
Profitability
ROE (TTM)
Capital efficiency shows on one side only: Embraer (EMBJ) earns 12.19% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.
EMBJ
Capital Goods industry group
12.19%
- Max
- 40.55%
- Q3
- 19.29%
- EMBJ
- 12.19%
- 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)
Both Embraer (EMBJ) at 5.28% 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.
EMBJ
Capital Goods industry group
5.28%
- Max
- 27.47%
- Q3
- 12.10%
- Median
- 6.30%
- EMBJ
- 5.28%
- 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)
Madison Air (MAIR) at 19.76% operates in the top operating margin quartile, ahead of Embraer (EMBJ) at 12.98%, which runs around its industry’s norm.
EMBJ
Capital Goods industry group
12.98%
- Max
- 36.60%
- Q3
- 18.33%
- EMBJ
- 12.98%
- 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 | EMBJ | MAIR |
|---|---|---|
| ROE (TTM) | 12.19% | -- |
| ROA (TTM) | 3.70% | -- |
| Net Margin (TTM) | 5.28% | 3.73% |
| Operating Margin (TTM) | 12.98% | 19.76% |
| Gross Margin (TTM) | 17.85% | 39.06% |
Growth
Revenue Growth
Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Embraer (EMBJ) at 18.50% is closer to the peer norm — faster top-line expansion for MAIR.
EPS Growth
Both Embraer (EMBJ) at 0.10% and Madison Air (MAIR) at -2.32% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | EMBJ | MAIR |
|---|---|---|
| Revenue Growth (YoY) | 18.50% | 34.07% |
| Revenue Growth (3Y CAGR) | 18.62% | -- |
| EPS Growth (YoY) | 0.10% | -2.32% |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Both Embraer (EMBJ) at 1.44 and Madison Air (MAIR) at 1.82 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
EMBJ
Capital Goods industry group
1.44
- Max
- 5.22
- Q3
- 2.95
- Median
- 2.08
- EMBJ
- 1.44
- 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)
Both Embraer (EMBJ) at 0.69 and Madison Air (MAIR) at 0.87 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
EMBJ
Capital Goods industry group
0.69
- Max
- 2.33
- Q3
- 1.12
- EMBJ
- 0.69
- 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 | EMBJ | MAIR |
|---|---|---|
| Current Ratio (MRQ) | 1.44 | 1.82 |
| Debt / Equity (MRQ) | 0.69 | 0.87 |
| Net Debt / EBITDA | 0.52 | 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 Embraer (EMBJ) reports a yield of 0.97%, ranking against industry peers normally.
EMBJ
Capital Goods industry group
0.97%
- Max
- 2.66%
- Q3
- 1.14%
- EMBJ
- 0.97%
- 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 Embraer (EMBJ) reports a payout of 31.67%, ranking against industry peers normally.
EMBJ
Capital Goods industry group
31.67%
- Max
- 67.39%
- EMBJ
- 31.67%
- Q3
- 28.02%
- 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 | EMBJ | MAIR |
|---|---|---|
| Dividend Yield (TTM) | 0.97% | 0.00% |
| Dividend Payout Ratio (TTM) | 31.67% | 0.00% |
Valuation
P/E Ratio (TTM)
Embraer (EMBJ) at 29.99 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.
EMBJ
Capital Goods industry group
29.99
- Max
- 59.38
- Q3
- 35.92
- EMBJ
- 29.99
- Median
- 25.41
- 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)
Embraer (EMBJ) at 0.30 sits in the cheaper P/S ratio quartile while Madison Air (MAIR) at 3.09 prices around its industry’s middle — EMBJ costs less per dollar of sales, though read it alongside growth and margins.
EMBJ
Capital Goods industry group
0.30
- Max
- 7.54
- Q3
- 3.76
- Median
- 2.15
- Q1
- 1.03
- EMBJ
- 0.30
- 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)
On P/B ratio, both Embraer (EMBJ) at 3.70 and Madison Air (MAIR) at 3.17 are valued close to their industries’ norm against book — neither stands out from peers.
EMBJ
Capital Goods industry group
3.70
- Max
- 9.66
- Q3
- 5.00
- EMBJ
- 3.70
- 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 | EMBJ | MAIR |
|---|---|---|
| P/E Ratio (TTM) | 29.99 | 164.57 |
| P/S Ratio (TTM) | 0.30 | 3.09 |
| P/B Ratio (MRQ) | 3.70 | 3.17 |
| Free Cash Flow Yield (TTM) | 12.70% | -- |