LHX vs. MAIR: L3Harris vs. Madison Air Stock Comparison

Company Profile

L3Harris (LHX) and Madison Air (MAIR) both fall under the Capital Goods industry group, but LHX is classified in Aerospace & Defense while MAIR is classified in Building Products.

L3Harris (LHX) has been public since December 31, 1981, 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.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

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 L3Harris (LHX) is defensive at 0.46 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: L3Harris (LHX) earns 10.03% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.

Both L3Harris (LHX) at 8.76% 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.

Madison Air (MAIR) at 19.76% operates in the top operating margin quartile, ahead of L3Harris (LHX) at 14.34%, which runs around its industry’s norm.

Profitability Metrics

Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while L3Harris (LHX) at 2.53% is closer to the peer norm — faster top-line expansion for MAIR.

Both L3Harris (LHX) at 8.39% 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.

Growth Metrics

Financial Strength

Madison Air (MAIR) at 1.82 keeps current ratio within its industry’s typical mid-range, while L3Harris (LHX) at 1.20 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for LHX.

Both L3Harris (LHX) at 0.52 and Madison Air (MAIR) at 0.87 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

Madison Air (MAIR) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile L3Harris (LHX) reports a yield of 1.92%, ranking against industry peers normally.

Madison Air (MAIR) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile L3Harris (LHX) reports a payout of 46.09%, ranking against industry peers normally.

Dividend Metrics

Valuation

L3Harris (LHX) at 24.20 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.

On P/S ratio, both L3Harris (LHX) at 2.07 and Madison Air (MAIR) at 3.09 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

On P/B ratio, both L3Harris (LHX) at 2.39 and Madison Air (MAIR) at 3.17 are valued close to their industries’ norm against book — neither stands out from peers.

Valuation Metrics