FER vs. MAIR: Ferrovial vs. Madison Air Stock Comparison
How do Ferrovial (FER) 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
Ferrovial (FER) and Madison Air (MAIR) both fall under the Capital Goods industry group, but FER is classified in Construction & Engineering while MAIR is classified in Building Products.
Ferrovial (FER) has been public since August 13, 2012 with a meaningfully longer listed history, while Madison Air (MAIR) only listed on April 16, 2026 — long-window metrics on the MAIR side should be interpreted with caution.
| Profile Item | FER | MAIR |
|---|---|---|
| Name | Ferrovial N.V. | Madison Air Solutions Corporation Class A Common Stock |
| Country/Region | Netherlands | United States |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Capital Goods | Capital Goods |
| GICS Industry | Construction & Engineering | Building Products |
| GICS Sub-Industry | Construction & Engineering | Building Products |
| Market Capitalization | 42.19 billion USD | 11.56 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | August 13, 2012 | April 16, 2026 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FER | MAIR |
|---|---|---|
| Total Return (1Y) | -1.10% | -- |
| Total Return (3Y, Annualized) | 26.01% | -- |
| Total Return (5Y, Annualized) | 17.20% | -- |
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 Ferrovial (FER) is defensive at 0.36 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.
| Metric | FER | MAIR |
|---|---|---|
| Volatility (1Y, Annualized) | 27.38% | 57.10% |
| Beta (5Y) | 0.36 | 1.60 |
| Max Drawdown (5Y) | -33.67% | -51.16% |
| Avg. Volume (3M) | 1.95M | 2.60M |
Risk-Adjusted Performance
Risk-Return Positioning
Both FER and MAIR need 1-year volatility and 1-year return to plot risk-return positioning.
Risk-Adjusted Metrics
| Metric | FER | MAIR |
|---|---|---|
| Sharpe Ratio (1Y) | -0.20 | -- |
| Sortino Ratio (1Y) | -0.30 | -- |
Profitability
ROE (TTM)
Capital efficiency shows on one side only: Ferrovial (FER) earns 11.62% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.
FER
Capital Goods industry group
11.62%
- Max
- 40.55%
- Q3
- 19.29%
- Median
- 12.12%
- FER
- 11.62%
- 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 Ferrovial (FER) at 6.15% 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.
FER
Capital Goods industry group
6.15%
- Max
- 27.47%
- Q3
- 12.10%
- Median
- 6.30%
- FER
- 6.15%
- 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 Ferrovial (FER) at 10.45%, which runs around its industry’s norm.
FER
Capital Goods industry group
10.45%
- Max
- 36.60%
- Q3
- 18.33%
- Median
- 11.12%
- FER
- 10.45%
- 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 | FER | MAIR |
|---|---|---|
| ROE (TTM) | 11.62% | -- |
| ROA (TTM) | 2.62% | -- |
| Net Margin (TTM) | 6.15% | 3.73% |
| Operating Margin (TTM) | 10.45% | 19.76% |
| Gross Margin (TTM) | 87.14% | 39.06% |
Growth
Revenue Growth
Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Ferrovial (FER) at 5.24% is closer to the peer norm — faster top-line expansion for MAIR.
EPS Growth
Madison Air (MAIR) at -2.32% is around its peer norm for EPS growth, while Ferrovial (FER) at -72.26% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | FER | MAIR |
|---|---|---|
| Revenue Growth (YoY) | 5.24% | 34.07% |
| Revenue Growth (3Y CAGR) | 8.43% | -- |
| EPS Growth (YoY) | -72.26% | -2.32% |
| EPS Growth (3Y CAGR) | 70.54% | -- |
Financial Strength
Current Ratio (MRQ)
Madison Air (MAIR) at 1.82 keeps current ratio within its industry’s typical mid-range, while Ferrovial (FER) at 1.20 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for FER.
FER
Capital Goods industry group
1.20
- Max
- 5.22
- Q3
- 2.95
- Median
- 2.08
- Q1
- 1.43
- FER
- 1.20
- 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 Ferrovial (FER) at 1.44 uses more debt funding than most peers.
FER
Capital Goods industry group
1.44
- Max
- 2.33
- FER
- 1.44
- 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 | FER | MAIR |
|---|---|---|
| Current Ratio (MRQ) | 1.20 | 1.82 |
| Debt / Equity (MRQ) | 1.44 | 0.87 |
| Net Debt / EBITDA | 4.39 | 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 Ferrovial (FER) reports a yield of 0.94%, ranking against industry peers normally.
FER
Capital Goods industry group
0.94%
- Max
- 2.66%
- Q3
- 1.14%
- FER
- 0.94%
- 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 Ferrovial (FER) reports a payout of 71.24%, ranking against industry peers normally.
FER
Capital Goods industry group
71.24%
- FER
- 71.24%
- Max
- 67.39%
- 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 | FER | MAIR |
|---|---|---|
| Dividend Yield (TTM) | 0.94% | 0.00% |
| Dividend Payout Ratio (TTM) | 71.24% | 0.00% |
Valuation
P/E Ratio (TTM)
Ferrovial (FER) at 32.26 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.
FER
Capital Goods industry group
32.26
- Max
- 59.38
- Q3
- 35.92
- FER
- 32.26
- 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)
Madison Air (MAIR) at 3.09 is priced about in line with its industry on P/S ratio, while Ferrovial (FER) at 4.28 sits in the pricier quartile — FER costs more per dollar of sales.
FER
Capital Goods industry group
4.28
- Max
- 7.54
- FER
- 4.28
- Q3
- 3.76
- 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 Ferrovial (FER) at 6.59 carries an above-peer premium to book — FER is pricier on assets.
FER
Capital Goods industry group
6.59
- Max
- 9.66
- FER
- 6.59
- 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 | FER | MAIR |
|---|---|---|
| P/E Ratio (TTM) | 32.26 | 164.57 |
| P/S Ratio (TTM) | 4.28 | 3.09 |
| P/B Ratio (MRQ) | 6.59 | 3.17 |
| Free Cash Flow Yield (TTM) | 2.11% | -- |