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GNRC vs. MAIR: Generac vs. Madison Air Stock Comparison

How do Generac (GNRC) 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

Generac (GNRC) and Madison Air (MAIR) both fall under the Capital Goods industry group, but GNRC is classified in Electrical Equipment while MAIR is classified in Building Products.

Generac (GNRC) has been public since February 11, 2010 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 Generac (GNRC) and Madison Air (MAIR)
Profile ItemGNRCMAIR
NameGenerac Holdings Inc.Madison Air Solutions Corporation Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryElectrical EquipmentBuilding Products
GICS Sub-IndustryElectrical Components & EquipmentBuilding Products
Market Capitalization10.43 billion USD11.56 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 11, 2010April 16, 2026
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

GNRC
MAIR
GSPC
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Generac (GNRC) 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 Generac (GNRC) and Madison Air (MAIR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Generac (GNRC) and Madison Air (MAIR)
MetricGNRCMAIR
Total Return (1Y)23.38%--
Total Return (3Y, Annualized)23.05%--
Total Return (5Y, Annualized)-15.31%--

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Generac (GNRC) and Madison Air (MAIR)
MetricGNRCMAIR
Volatility (1Y, Annualized)59.48%57.10%
Beta (5Y)1.841.60
Max Drawdown (5Y)-81.73%-51.16%
Avg. Volume (3M)1.22M2.60M

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Generac (GNRC) and Madison Air (MAIR)
MetricGNRCMAIR
Sharpe Ratio (1Y)0.32--
Sortino Ratio (1Y)0.50--

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Generac (GNRC) earns 10.64% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.

GNRC

Capital Goods industry group

10.64%

Max
40.55%
Q3
19.29%
Median
12.12%
GNRC
10.64%
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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Generac (GNRC) vs. Madison Air (MAIR): MAIR does not report ROE, so it has no value marker; GNRC is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Both Generac (GNRC) at 6.52% 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.

GNRC

Capital Goods industry group

6.52%

Max
27.47%
Q3
12.10%
GNRC
6.52%
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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Generac (GNRC) 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 Generac (GNRC) at 11.67%, which runs around its industry’s norm.

GNRC

Capital Goods industry group

11.67%

Max
36.60%
Q3
18.33%
GNRC
11.67%
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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Generac (GNRC) vs. Madison Air (MAIR): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Generac (GNRC) and Madison Air (MAIR)
MetricGNRCMAIR
ROE (TTM)10.64%--
ROA (TTM)4.24%--
Net Margin (TTM)6.52%3.73%
Operating Margin (TTM)11.67%19.76%
Gross Margin (TTM)38.18%39.06%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Generac (GNRC) at -2.02% is in the bottom quartile, showing a clear gap in revenue momentum.

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

EPS Growth

Madison Air (MAIR) at -2.32% is around its peer norm for EPS growth, while Generac (GNRC) at -50.09% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Generac (GNRC) and Madison Air (MAIR)
MetricGNRCMAIR
Revenue Growth (YoY)-2.02%34.07%
Revenue Growth (3Y CAGR)-2.67%--
EPS Growth (YoY)-50.09%-2.32%
EPS Growth (3Y CAGR)-20.83%--

Financial Strength

Current Ratio (MRQ)

Both Generac (GNRC) at 1.97 and Madison Air (MAIR) at 1.82 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

GNRC

Capital Goods industry group

1.97

Max
5.22
Q3
2.95
Median
2.08
GNRC
1.97
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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Generac (GNRC) vs. Madison Air (MAIR): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Generac (GNRC) at 0.47 and Madison Air (MAIR) at 0.87 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

GNRC

Capital Goods industry group

0.47

Max
2.33
Q3
1.12
Median
0.60
GNRC
0.47
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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Generac (GNRC) 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 Generac (GNRC) and Madison Air (MAIR)
MetricGNRCMAIR
Current Ratio (MRQ)1.971.82
Debt / Equity (MRQ)0.470.87
Net Debt / EBITDA1.653.37

Dividends

Dividend Yield (TTM)

Neither Generac (GNRC) nor Madison Air (MAIR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

GNRC

Capital Goods industry group

0.00%

Max
2.66%
Q3
1.14%
Median
0.24%
GNRC
0.00%
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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Generac (GNRC) vs. Madison Air (MAIR): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Generac (GNRC) nor Madison Air (MAIR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

GNRC

Capital Goods industry group

0.00%

Max
67.39%
Q3
28.02%
Median
6.86%
GNRC
0.00%
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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Generac (GNRC) vs. Madison Air (MAIR): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Generac (GNRC) and Madison Air (MAIR)
MetricGNRCMAIR
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

Generac (GNRC) at 34.87 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.

GNRC

Capital Goods industry group

34.87

Max
59.38
Q3
35.92
GNRC
34.87
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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Generac (GNRC) 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 Generac (GNRC) at 2.26 and Madison Air (MAIR) at 3.09 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

GNRC

Capital Goods industry group

2.26

Max
7.54
Q3
3.76
GNRC
2.26
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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Generac (GNRC) 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 Generac (GNRC) at 3.46 and Madison Air (MAIR) at 3.17 are valued close to their industries’ norm against book — neither stands out from peers.

GNRC

Capital Goods industry group

3.46

Max
9.66
Q3
5.00
GNRC
3.46
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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Generac (GNRC) vs. Madison Air (MAIR): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Generac (GNRC) and Madison Air (MAIR)
MetricGNRCMAIR
P/E Ratio (TTM)34.87164.57
P/S Ratio (TTM)2.263.09
P/B Ratio (MRQ)3.463.17
Free Cash Flow Yield (TTM)3.21%--