ESLT vs. MAIR: Elbit Systems vs. Madison Air Stock Comparison
How do Elbit Systems (ESLT) 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
Elbit Systems (ESLT) and Madison Air (MAIR) both fall under the Capital Goods industry group, but ESLT is classified in Aerospace & Defense while MAIR is classified in Building Products.
Elbit Systems (ESLT) has been public since November 27, 1996, 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 | ESLT | MAIR |
|---|---|---|
| Name | Elbit Systems Ltd. | Madison Air Solutions Corporation Class A Common Stock |
| Country/Region | Israel | 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 | 32.00 billion USD | 11.56 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | November 27, 1996 | April 16, 2026 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | ESLT | MAIR |
|---|---|---|
| Total Return (1Y) | 55.34% | -- |
| Total Return (3Y, Annualized) | 57.29% | -- |
| Total Return (5Y, Annualized) | 37.24% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Madison Air (MAIR) has an aggressive beta of 1.60, indicating higher sensitivity to broad-market moves, while Elbit Systems (ESLT) is defensive at 0.10 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.
Madison Air (MAIR) trades around 2.60M shares per day on average, while Elbit Systems (ESLT) sees only 88.09K — a volume gap that can matter for position sizing, exit liquidity, and order execution.
| Metric | ESLT | MAIR |
|---|---|---|
| Volatility (1Y, Annualized) | 47.34% | 57.10% |
| Beta (5Y) | 0.10 | 1.60 |
| Max Drawdown (5Y) | -35.54% | -51.16% |
| Avg. Volume (3M) | 88.09K | 2.60M |
Risk-Adjusted Performance
Risk-Return Positioning
Both ESLT and MAIR need 1-year volatility and 1-year return to plot risk-return positioning.
Risk-Adjusted Metrics
| Metric | ESLT | MAIR |
|---|---|---|
| Sharpe Ratio (1Y) | 1.08 | -- |
| Sortino Ratio (1Y) | 1.76 | -- |
Profitability
ROE (TTM)
Capital efficiency shows on one side only: Elbit Systems (ESLT) earns 15.24% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.
ESLT
Capital Goods industry group
15.24%
- Max
- 40.55%
- Q3
- 19.29%
- ESLT
- 15.24%
- 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 Elbit Systems (ESLT) at 7.44% 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.
ESLT
Capital Goods industry group
7.44%
- Max
- 27.47%
- Q3
- 12.10%
- ESLT
- 7.44%
- 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)
Madison Air (MAIR) at 19.76% operates in the top operating margin quartile, ahead of Elbit Systems (ESLT) at 9.57%, which runs around its industry’s norm.
ESLT
Capital Goods industry group
9.57%
- Max
- 36.60%
- Q3
- 18.33%
- Median
- 11.12%
- ESLT
- 9.57%
- 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 | ESLT | MAIR |
|---|---|---|
| ROE (TTM) | 15.24% | -- |
| ROA (TTM) | 3.87% | -- |
| Net Margin (TTM) | 7.44% | 3.73% |
| Operating Margin (TTM) | 9.57% | 19.76% |
| Gross Margin (TTM) | 25.03% | 39.06% |
Growth
Revenue Growth
Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Elbit Systems (ESLT) at 16.27% is closer to the peer norm — faster top-line expansion for MAIR.
EPS Growth
Elbit Systems (ESLT) at 58.64% sits in the top EPS growth quartile, while Madison Air (MAIR) at -2.32% is closer to the peer norm — faster per-share earnings growth for ESLT.
Growth Metrics
| Metric | ESLT | MAIR |
|---|---|---|
| Revenue Growth (YoY) | 16.27% | 34.07% |
| Revenue Growth (3Y CAGR) | 12.93% | -- |
| EPS Growth (YoY) | 58.64% | -2.32% |
| EPS Growth (3Y CAGR) | 22.61% | -- |
Financial Strength
Current Ratio (MRQ)
Madison Air (MAIR) at 1.82 keeps current ratio within its industry’s typical mid-range, while Elbit Systems (ESLT) at 1.40 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ESLT.
ESLT
Capital Goods industry group
1.40
- Max
- 5.22
- Q3
- 2.95
- Median
- 2.08
- Q1
- 1.43
- ESLT
- 1.40
- 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)
Elbit Systems (ESLT) at 0.19 keeps leverage in the lower industry quartile, while Madison Air (MAIR) at 0.87 runs a more typical debt-to-equity mix.
ESLT
Capital Goods industry group
0.19
- Max
- 2.33
- Q3
- 1.12
- Median
- 0.60
- Q1
- 0.29
- ESLT
- 0.19
- 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 | ESLT | MAIR |
|---|---|---|
| Current Ratio (MRQ) | 1.40 | 1.82 |
| Debt / Equity (MRQ) | 0.19 | 0.87 |
| Net Debt / EBITDA | -0.11 | 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 Elbit Systems (ESLT) reports a yield of 0.58%, ranking against industry peers normally.
ESLT
Capital Goods industry group
0.58%
- Max
- 2.66%
- Q3
- 1.14%
- ESLT
- 0.58%
- 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 Elbit Systems (ESLT) reports a payout of 23.33%, ranking against industry peers normally.
ESLT
Capital Goods industry group
23.33%
- Max
- 67.39%
- Q3
- 28.02%
- ESLT
- 23.33%
- 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 | ESLT | MAIR |
|---|---|---|
| Dividend Yield (TTM) | 0.58% | 0.00% |
| Dividend Payout Ratio (TTM) | 23.33% | 0.00% |
Valuation
P/E Ratio (TTM)
Both look expensive on trailing earnings: Elbit Systems (ESLT) at 51.36 sits in the richer P/E ratio quartile, and Madison Air (MAIR) at 164.57 is richer still, above its industry range.
ESLT
Capital Goods industry group
51.36
- Max
- 59.38
- ESLT
- 51.36
- Q3
- 35.92
- 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)
On P/S ratio, both Elbit Systems (ESLT) at 3.74 and Madison Air (MAIR) at 3.09 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
ESLT
Capital Goods industry group
3.74
- Max
- 7.54
- Q3
- 3.76
- ESLT
- 3.74
- 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 is valued about in line with its industry on P/B ratio, while Elbit Systems (ESLT) at 7.24 carries an above-peer premium to book — ESLT is pricier on assets.
ESLT
Capital Goods industry group
7.24
- Max
- 9.66
- ESLT
- 7.24
- 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 | ESLT | MAIR |
|---|---|---|
| P/E Ratio (TTM) | 51.36 | 164.57 |
| P/S Ratio (TTM) | 3.74 | 3.09 |
| P/B Ratio (MRQ) | 7.24 | 3.17 |
| Free Cash Flow Yield (TTM) | -0.12% | -- |