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FTV vs. MAIR: Fortive vs. Madison Air Stock Comparison

How do Fortive (FTV) 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

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

Fortive (FTV) has been public since July 5, 2016 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.

Company profile comparison for Fortive (FTV) and Madison Air (MAIR)
Profile ItemFTVMAIR
NameFortive 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 Capitalization19.46 billion USD11.56 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJuly 5, 2016April 16, 2026
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

FTV
MAIR
GSPC
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Fortive (FTV) 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 Fortive (FTV) and Madison Air (MAIR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Fortive (FTV) and Madison Air (MAIR)
MetricFTVMAIR
Total Return (1Y)31.85%--
Total Return (3Y, Annualized)11.44%--
Total Return (5Y, Annualized)3.01%--

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Fortive (FTV) and Madison Air (MAIR)
MetricFTVMAIR
Volatility (1Y, Annualized)27.76%57.10%
Beta (5Y)1.011.60
Max Drawdown (5Y)-32.10%-51.16%
Avg. Volume (3M)2.44M2.60M

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Fortive (FTV) and Madison Air (MAIR)
MetricFTVMAIR
Sharpe Ratio (1Y)0.99--
Sortino Ratio (1Y)1.51--

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Fortive (FTV) earns 10.55% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.

FTV

Capital Goods industry group

10.55%

Max
40.55%
Q3
19.29%
Median
12.12%
FTV
10.55%
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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Fortive (FTV) vs. Madison Air (MAIR): MAIR does not report ROE, so it has no value marker; FTV is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Fortive (FTV) at 14.83% retains a top-quartile share of revenue as profit, ahead of Madison Air (MAIR) at 3.73%, which keeps about the industry-typical share.

FTV

Capital Goods industry group

14.83%

Max
27.47%
FTV
14.83%
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%
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Fortive (FTV) vs. Madison Air (MAIR): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Fortive (FTV) at 21.30% 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.

FTV

Capital Goods industry group

21.30%

Max
36.60%
FTV
21.30%
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%
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Fortive (FTV) vs. Madison Air (MAIR): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Fortive (FTV) and Madison Air (MAIR)
MetricFTVMAIR
ROE (TTM)10.55%--
ROA (TTM)4.61%--
Net Margin (TTM)14.83%3.73%
Operating Margin (TTM)21.30%19.76%
Gross Margin (TTM)63.47%39.06%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Fortive (FTV) at 1.92% is closer to the peer norm — faster top-line expansion for MAIR.

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

EPS Growth

Both Fortive (FTV) at -26.69% 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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Fortive (FTV) vs. Madison Air (MAIR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fortive (FTV) and Madison Air (MAIR)
MetricFTVMAIR
Revenue Growth (YoY)1.92%34.07%
Revenue Growth (3Y CAGR)-10.62%--
EPS Growth (YoY)-26.69%-2.32%
EPS Growth (3Y CAGR)-6.26%--

Financial Strength

Current Ratio (MRQ)

Madison Air (MAIR) at 1.82 keeps current ratio within its industry’s typical mid-range, while Fortive (FTV) at 1.23 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for FTV.

FTV

Capital Goods industry group

1.23

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
FTV
1.23
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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Fortive (FTV) vs. Madison Air (MAIR): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Fortive (FTV) at 0.60 and Madison Air (MAIR) at 0.87 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

FTV

Capital Goods industry group

0.60

Max
2.33
Q3
1.12
FTV
0.60
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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Fortive (FTV) 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 Fortive (FTV) and Madison Air (MAIR)
MetricFTVMAIR
Current Ratio (MRQ)1.231.82
Debt / Equity (MRQ)0.600.87
Net Debt / EBITDA2.453.37

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 Fortive (FTV) reports a yield of 0.38%, ranking against industry peers normally.

FTV

Capital Goods industry group

0.38%

Max
2.66%
Q3
1.14%
FTV
0.38%
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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Fortive (FTV) 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 Fortive (FTV) reports a payout of 11.85%, ranking against industry peers normally.

FTV

Capital Goods industry group

11.85%

Max
67.39%
Q3
28.02%
FTV
11.85%
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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Fortive (FTV) vs. Madison Air (MAIR): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Fortive (FTV) and Madison Air (MAIR)
MetricFTVMAIR
Dividend Yield (TTM)0.38%0.00%
Dividend Payout Ratio (TTM)11.85%0.00%

Valuation

P/E Ratio (TTM)

Fortive (FTV) at 30.98 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.

FTV

Capital Goods industry group

30.98

Max
59.38
Q3
35.92
FTV
30.98
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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Fortive (FTV) vs. Madison Air (MAIR): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Madison Air (MAIR) at 3.09 is priced about in line with its industry on P/S ratio, while Fortive (FTV) at 4.43 sits in the pricier quartile — FTV costs more per dollar of sales.

FTV

Capital Goods industry group

4.43

Max
7.54
FTV
4.43
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
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Fortive (FTV) 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 Fortive (FTV) at 3.28 and Madison Air (MAIR) at 3.17 are valued close to their industries’ norm against book — neither stands out from peers.

FTV

Capital Goods industry group

3.28

Max
9.66
Q3
5.00
FTV
3.28
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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Fortive (FTV) vs. Madison Air (MAIR): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Fortive (FTV) and Madison Air (MAIR)
MetricFTVMAIR
P/E Ratio (TTM)30.98164.57
P/S Ratio (TTM)4.433.09
P/B Ratio (MRQ)3.283.17
Free Cash Flow Yield (TTM)5.05%--