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FLS vs. MAIR: Flowserve vs. Madison Air Stock Comparison

How do Flowserve (FLS) 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

Flowserve (FLS) and Madison Air (MAIR) both fall under the Capital Goods industry group, but FLS is classified in Machinery while MAIR is classified in Building Products.

Flowserve (FLS) has been public since March 17, 1980, 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.

Company profile comparison for Flowserve (FLS) and Madison Air (MAIR)
Profile ItemFLSMAIR
NameFlowserve CorporationMadison Air Solutions Corporation Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryMachineryBuilding Products
GICS Sub-IndustryIndustrial Machinery & Supplies & ComponentsBuilding Products
Market Capitalization10.19 billion USD11.56 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 17, 1980April 16, 2026
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

FLS
MAIR
GSPC
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Flowserve (FLS) 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 Flowserve (FLS) and Madison Air (MAIR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Flowserve (FLS) and Madison Air (MAIR)
MetricFLSMAIR
Total Return (1Y)24.11%--
Total Return (3Y, Annualized)33.68%--
Total Return (5Y, Annualized)22.48%--

Risk Profile

Drawdown History

FLS
MAIR
GSPC
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Flowserve (FLS) 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 Flowserve (FLS) and Madison Air (MAIR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Flowserve (FLS) and Madison Air (MAIR)
MetricFLSMAIR
Volatility (1Y, Annualized)42.18%57.10%
Beta (5Y)1.241.60
Max Drawdown (5Y)-38.76%-51.16%
Avg. Volume (3M)1.61M2.60M

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Flowserve (FLS) and Madison Air (MAIR)
MetricFLSMAIR
Sharpe Ratio (1Y)0.47--
Sortino Ratio (1Y)0.70--

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Flowserve (FLS) earns 11.61% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.

FLS

Capital Goods industry group

11.61%

Max
40.55%
Q3
19.29%
Median
12.12%
FLS
11.61%
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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Flowserve (FLS) vs. Madison Air (MAIR): MAIR does not report ROE, so it has no value marker; FLS is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Both Flowserve (FLS) at 5.42% 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.

FLS

Capital Goods industry group

5.42%

Max
27.47%
Q3
12.10%
Median
6.30%
FLS
5.42%
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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Flowserve (FLS) 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 Flowserve (FLS) at 13.45%, which runs around its industry’s norm.

FLS

Capital Goods industry group

13.45%

Max
36.60%
Q3
18.33%
FLS
13.45%
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%
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Flowserve (FLS) vs. Madison Air (MAIR): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Flowserve (FLS) and Madison Air (MAIR)
MetricFLSMAIR
ROE (TTM)11.61%--
ROA (TTM)6.36%--
Net Margin (TTM)5.42%3.73%
Operating Margin (TTM)13.45%19.76%
Gross Margin (TTM)35.30%39.06%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Flowserve (FLS) at 3.76% is closer to the peer norm — faster top-line expansion for MAIR.

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Flowserve (FLS) vs. Madison Air (MAIR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Flowserve (FLS) at 23.36% 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.

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Flowserve (FLS) vs. Madison Air (MAIR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Flowserve (FLS) and Madison Air (MAIR)
MetricFLSMAIR
Revenue Growth (YoY)3.76%34.07%
Revenue Growth (3Y CAGR)9.37%--
EPS Growth (YoY)23.36%-2.32%
EPS Growth (3Y CAGR)22.39%--

Financial Strength

Current Ratio (MRQ)

Both Flowserve (FLS) at 2.10 and Madison Air (MAIR) at 1.82 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

FLS

Capital Goods industry group

2.10

Max
5.22
Q3
2.95
FLS
2.10
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
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Flowserve (FLS) vs. Madison Air (MAIR): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Flowserve (FLS) at 0.95 and Madison Air (MAIR) at 0.87 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

FLS

Capital Goods industry group

0.95

Max
2.33
Q3
1.12
FLS
0.95
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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Flowserve (FLS) 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 Flowserve (FLS) and Madison Air (MAIR)
MetricFLSMAIR
Current Ratio (MRQ)2.101.82
Debt / Equity (MRQ)0.950.87
Net Debt / EBITDA2.083.37

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 Flowserve (FLS) reports a yield of 1.11%, ranking against industry peers normally.

FLS

Capital Goods industry group

1.11%

Max
2.66%
Q3
1.14%
FLS
1.11%
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%
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Flowserve (FLS) vs. Madison Air (MAIR): A comparison of their dividend yield against the Capital Goods industry group benchmark.

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 Flowserve (FLS) reports a payout of 43.50%, ranking against industry peers normally.

FLS

Capital Goods industry group

43.50%

Max
67.39%
FLS
43.50%
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%
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Flowserve (FLS) vs. Madison Air (MAIR): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Flowserve (FLS) and Madison Air (MAIR)
MetricFLSMAIR
Dividend Yield (TTM)1.11%0.00%
Dividend Payout Ratio (TTM)43.50%0.00%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Flowserve (FLS) at 40.19 sits in the richer P/E ratio quartile, and Madison Air (MAIR) at 164.57 is richer still, above its industry range.

FLS

Capital Goods industry group

40.19

Max
59.38
FLS
40.19
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
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Flowserve (FLS) vs. Madison Air (MAIR): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Flowserve (FLS) at 2.17 and Madison Air (MAIR) at 3.09 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

FLS

Capital Goods industry group

2.17

Max
7.54
Q3
3.76
FLS
2.17
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
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Flowserve (FLS) vs. Madison Air (MAIR): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Flowserve (FLS) at 4.40 and Madison Air (MAIR) at 3.17 are valued close to their industries’ norm against book — neither stands out from peers.

FLS

Capital Goods industry group

4.40

Max
9.66
Q3
5.00
FLS
4.40
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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Flowserve (FLS) vs. Madison Air (MAIR): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Flowserve (FLS) and Madison Air (MAIR)
MetricFLSMAIR
P/E Ratio (TTM)40.19164.57
P/S Ratio (TTM)2.173.09
P/B Ratio (MRQ)4.403.17
Free Cash Flow Yield (TTM)3.62%--