MAIR vs. MLI: Madison Air vs. Mueller Industries Stock Comparison

November 11, 2026

How do Madison Air (MAIR) and Mueller Industries (MLI) 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

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

Mueller Industries (MLI) has been public since February 25, 1991, 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 Madison Air (MAIR) and Mueller Industries (MLI)
Profile Item	MAIR	MLI
Name	Madison Air Solutions Corporation Class A Common Stock	Mueller Industries, Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Building Products	Machinery
GICS Sub-Industry	Building Products	Industrial Machinery & Supplies & Components
Market Capitalization	11.56 billion USD	11.54 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 16, 2026	February 25, 1991
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MAIR

MLI

GSPC

Madison Air (MAIR) vs. Mueller Industries (MLI), 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 Madison Air (MAIR) and Mueller Industries (MLI). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Madison Air (MAIR) and Mueller Industries (MLI)
Metric	MAIR	MLI
Total Return (1Y)	--	3.68%
Total Return (3Y, Annualized)	--	44.56%
Total Return (5Y, Annualized)	--	32.39%

Risk Profile

Drawdown History

MAIR

MLI

GSPC

Madison Air (MAIR) vs. Mueller Industries (MLI), 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 Madison Air (MAIR) and Mueller Industries (MLI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Madison Air (MAIR) and Mueller Industries (MLI)
Metric	MAIR	MLI
Volatility (1Y, Annualized)	57.10%	34.44%
Beta (5Y)	1.60	1.01
Max Drawdown (5Y)	-51.16%	-27.79%
Avg. Volume (3M)	2.60M	1.61M

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Madison Air (MAIR) and Mueller Industries (MLI)
Metric	MAIR	MLI
Sharpe Ratio (1Y)	--	-0.02
Sortino Ratio (1Y)	--	-0.02

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Mueller Industries (MLI) earns 26.26% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.

MAIR

Capital Goods industry group

Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%
MAIR: --

MLI

Capital Goods industry group

26.26%

Max: 40.55%
MLI: 26.26%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Madison Air (MAIR) vs. Mueller Industries (MLI): MAIR does not report ROE, so it has no value marker; MLI is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Mueller Industries (MLI) at 17.27% retains a top-quartile share of revenue as profit, ahead of Madison Air (MAIR) at 3.73%, which keeps about the industry-typical share.

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%

MLI

Capital Goods industry group

17.27%

Max: 27.47%
MLI: 17.27%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Madison Air (MAIR) vs. Mueller Industries (MLI): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Madison Air (MAIR) at 19.76% and Mueller Industries (MLI) at 19.53% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

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%

MLI

Capital Goods industry group

19.53%

Max: 36.60%
MLI: 19.53%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Madison Air (MAIR) vs. Mueller Industries (MLI): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Madison Air (MAIR) and Mueller Industries (MLI)
Metric	MAIR	MLI
ROE (TTM)	--	26.26%
ROA (TTM)	--	16.23%
Net Margin (TTM)	3.73%	17.27%
Operating Margin (TTM)	19.76%	19.53%
Gross Margin (TTM)	39.06%	27.25%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Mueller Industries (MLI) at 10.87% is closer to the peer norm — faster top-line expansion for MAIR.

Madison Air (MAIR) vs. Mueller Industries (MLI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Madison Air (MAIR) at -2.32% and Mueller Industries (MLI) at 29.19% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Madison Air (MAIR) vs. Mueller Industries (MLI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Madison Air (MAIR) and Mueller Industries (MLI)
Metric	MAIR	MLI
Revenue Growth (YoY)	34.07%	10.87%
Revenue Growth (3Y CAGR)	--	1.62%
EPS Growth (YoY)	-2.32%	29.19%
EPS Growth (3Y CAGR)	--	5.63%

Financial Strength

Current Ratio (MRQ)

Madison Air (MAIR) at 1.82 keeps current ratio within its industry’s typical mid-range, while Mueller Industries (MLI) at 4.39 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

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

MLI

Capital Goods industry group

4.39

Max: 5.22
MLI: 4.39
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

Madison Air (MAIR) vs. Mueller Industries (MLI): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Mueller Industries (MLI) at 0.01 keeps leverage in the lower industry quartile, while Madison Air (MAIR) at 0.87 runs a more typical debt-to-equity mix.

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

MLI

Capital Goods industry group

0.01

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
MLI: 0.01
Min: 0.00

Madison Air (MAIR) vs. Mueller Industries (MLI): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Madison Air (MAIR) and Mueller Industries (MLI)
Metric	MAIR	MLI
Current Ratio (MRQ)	1.82	4.39
Debt / Equity (MRQ)	0.87	0.01
Net Debt / EBITDA	3.37	-1.31

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 Mueller Industries (MLI) reports a yield of 1.24%, ranking against industry peers normally.

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%

MLI

Capital Goods industry group

1.24%

Max: 2.66%
MLI: 1.24%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Madison Air (MAIR) vs. Mueller Industries (MLI): 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 Mueller Industries (MLI) reports a payout of 16.67%, ranking against industry peers normally.

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%

MLI

Capital Goods industry group

16.67%

Max: 67.39%
Q3: 28.02%
MLI: 16.67%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Madison Air (MAIR) vs. Mueller Industries (MLI): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Madison Air (MAIR) and Mueller Industries (MLI)
Metric	MAIR	MLI
Dividend Yield (TTM)	0.00%	1.24%
Dividend Payout Ratio (TTM)	0.00%	16.67%

Valuation

P/E Ratio (TTM)

Mueller Industries (MLI) at 13.58 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.

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

MLI

Capital Goods industry group

13.58

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
MLI: 13.58
Min: 3.03

Madison Air (MAIR) vs. Mueller Industries (MLI): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Madison Air (MAIR) at 3.09 and Mueller Industries (MLI) at 2.31 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

MLI

Capital Goods industry group

2.31

Max: 7.54
Q3: 3.76
MLI: 2.31
Median: 2.15
Q1: 1.03
Min: 0.03

Madison Air (MAIR) vs. Mueller Industries (MLI): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Mueller Industries (MLI) at 0.33 sits in the lower P/B ratio quartile against book while Madison Air (MAIR) at 3.17 is valued near its industry’s middle — MLI is cheaper on assets, though weigh it against ROE and asset quality.

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

MLI

Capital Goods industry group

0.33

Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
MLI: 0.33
Min: -1.08

Madison Air (MAIR) vs. Mueller Industries (MLI): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Madison Air (MAIR) and Mueller Industries (MLI)
Metric	MAIR	MLI
P/E Ratio (TTM)	164.57	13.58
P/S Ratio (TTM)	3.09	2.31
P/B Ratio (MRQ)	3.17	0.33
Free Cash Flow Yield (TTM)	--	4.65%