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LII vs. MAIR: Lennox vs. Madison Air Stock Comparison

How do Lennox (LII) 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

Lennox (LII) and Madison Air (MAIR) are both classified in the Building Products sub-industry within the broader Building Products industry, placing them in the closest GICS peer bucket.

Lennox (LII) has been public since July 29, 1999, 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 Lennox (LII) and Madison Air (MAIR)
Profile ItemLIIMAIR
NameLennox International Inc.Madison Air Solutions Corporation Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryBuilding ProductsBuilding Products
GICS Sub-IndustryBuilding ProductsBuilding Products
Market Capitalization11.70 billion USD11.56 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJuly 29, 1999April 16, 2026
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

LII
MAIR
GSPC
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Lennox (LII) 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 Lennox (LII) and Madison Air (MAIR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Lennox (LII) and Madison Air (MAIR)
MetricLIIMAIR
Total Return (1Y)-27.83%--
Total Return (3Y, Annualized)-2.32%--
Total Return (5Y, Annualized)3.79%--

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Lennox (LII) and Madison Air (MAIR)
MetricLIIMAIR
Volatility (1Y, Annualized)41.59%57.10%
Beta (5Y)1.181.60
Max Drawdown (5Y)-49.95%-51.16%
Avg. Volume (3M)563.34K2.60M

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Lennox (LII) and Madison Air (MAIR)
MetricLIIMAIR
Sharpe Ratio (1Y)-0.77--
Sortino Ratio (1Y)-0.96--

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Lennox (LII) earns 62.82% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.

LII

Capital Goods industry group

62.82%

LII
62.82%
Max
40.55%
Q3
19.29%
Median
12.12%
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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Lennox (LII) vs. Madison Air (MAIR): MAIR does not report ROE, so it has no value marker; LII is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Lennox (LII) at 13.76% retains a top-quartile share of revenue as profit, ahead of Madison Air (MAIR) at 3.73%, which keeps about the industry-typical share.

LII

Capital Goods industry group

13.76%

Max
27.47%
LII
13.76%
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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Lennox (LII) vs. Madison Air (MAIR): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Lennox (LII) at 20.57% 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.

LII

Capital Goods industry group

20.57%

Max
36.60%
LII
20.57%
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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Lennox (LII) vs. Madison Air (MAIR): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Lennox (LII) and Madison Air (MAIR)
MetricLIIMAIR
ROE (TTM)62.82%--
ROA (TTM)15.93%--
Net Margin (TTM)13.76%3.73%
Operating Margin (TTM)20.57%19.76%
Gross Margin (TTM)32.62%39.06%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Lennox (LII) at -2.73% is in the bottom quartile, showing a clear gap in revenue momentum.

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

EPS Growth

Both Lennox (LII) at 1.11% 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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Lennox (LII) vs. Madison Air (MAIR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Lennox (LII) and Madison Air (MAIR)
MetricLIIMAIR
Revenue Growth (YoY)-2.73%34.07%
Revenue Growth (3Y CAGR)3.26%--
EPS Growth (YoY)1.11%-2.32%
EPS Growth (3Y CAGR)17.97%--

Financial Strength

Current Ratio (MRQ)

Madison Air (MAIR) at 1.82 keeps current ratio within its industry’s typical mid-range, while Lennox (LII) at 1.21 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for LII.

LII

Capital Goods industry group

1.21

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
LII
1.21
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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Lennox (LII) vs. Madison Air (MAIR): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Madison Air (MAIR) at 0.87 carries an industry-typical debt-to-equity mix, while Lennox (LII) at 1.58 uses more debt funding than most peers.

LII

Capital Goods industry group

1.58

Max
2.33
LII
1.58
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
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Lennox (LII) 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 Lennox (LII) and Madison Air (MAIR)
MetricLIIMAIR
Current Ratio (MRQ)1.211.82
Debt / Equity (MRQ)1.580.87
Net Debt / EBITDA1.733.37

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 Lennox (LII) reports a yield of 1.53%, ranking against industry peers normally.

LII

Capital Goods industry group

1.53%

Max
2.66%
LII
1.53%
Q3
1.14%
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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Lennox (LII) 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 Lennox (LII) reports a payout of 24.68%, ranking against industry peers normally.

LII

Capital Goods industry group

24.68%

Max
67.39%
Q3
28.02%
LII
24.68%
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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Lennox (LII) vs. Madison Air (MAIR): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Lennox (LII) and Madison Air (MAIR)
MetricLIIMAIR
Dividend Yield (TTM)1.53%0.00%
Dividend Payout Ratio (TTM)24.68%0.00%

Valuation

P/E Ratio (TTM)

Lennox (LII) at 15.47 sits in the cheaper P/E ratio quartile, while Madison Air (MAIR) at 164.57 trades above its peer range — a wide earnings-valuation gap relative to industry peers.

LII

Capital Goods industry group

15.47

Max
59.38
Q3
35.92
Median
25.41
Q1
19.47
LII
15.47
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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Lennox (LII) 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 Lennox (LII) at 2.15 and Madison Air (MAIR) at 3.09 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

LII

Capital Goods industry group

2.15

Max
7.54
Q3
3.76
Median
2.15
LII
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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Lennox (LII) vs. Madison Air (MAIR): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Madison Air (MAIR) at 3.17 is valued about in line with its industry on P/B ratio, while Lennox (LII) at 8.88 carries an above-peer premium to book — LII is pricier on assets.

LII

Capital Goods industry group

8.88

Max
9.66
LII
8.88
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
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Lennox (LII) vs. Madison Air (MAIR): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Lennox (LII) and Madison Air (MAIR)
MetricLIIMAIR
P/E Ratio (TTM)15.47164.57
P/S Ratio (TTM)2.153.09
P/B Ratio (MRQ)8.883.17
Free Cash Flow Yield (TTM)3.14%--