MAIR vs. NXT: Madison Air vs. Nextracker Stock Comparison
How do Madison Air (MAIR) and Nextracker (NXT) 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 Nextracker (NXT) both fall under the Capital Goods industry group, but MAIR is classified in Building Products while NXT is classified in Electrical Equipment.
Nextracker (NXT) has traded publicly since February 9, 2023, giving it several years of listed trading history, while Madison Air (MAIR) only listed on April 16, 2026 and has a limited public-market record.
| Profile Item | MAIR | NXT |
|---|---|---|
| Name | Madison Air Solutions Corporation Class A Common Stock | Nextpower Inc. Class A Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Capital Goods | Capital Goods |
| GICS Industry | Building Products | Electrical Equipment |
| GICS Sub-Industry | Building Products | Electrical Components & Equipment |
| Market Capitalization | 11.56 billion USD | 16.00 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | April 16, 2026 | February 9, 2023 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | MAIR | NXT |
|---|---|---|
| Total Return (1Y) | -- | 0.06% |
| Total Return (3Y, Annualized) | -- | 45.51% |
| Total Return (5Y, Annualized) | -- | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | MAIR | NXT |
|---|---|---|
| Volatility (1Y, Annualized) | 57.10% | 68.10% |
| Beta (5Y) | 1.60 | 1.66 |
| Max Drawdown (5Y) | -51.16% | -51.10% |
| Avg. Volume (3M) | 2.60M | 2.38M |
Risk-Adjusted Performance
Risk-Return Positioning
Both MAIR and NXT need 1-year volatility and 1-year return to plot risk-return positioning.
Risk-Adjusted Metrics
| Metric | MAIR | NXT |
|---|---|---|
| Sharpe Ratio (1Y) | -- | -0.06 |
| Sortino Ratio (1Y) | -- | -0.09 |
Profitability
ROE (TTM)
Capital efficiency shows on one side only: Nextracker (NXT) earns 26.46% 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
- --
NXT
Capital Goods industry group
26.46%
- Max
- 40.55%
- NXT
- 26.46%
- Q3
- 19.29%
- Median
- 12.12%
- Q1
- 4.08%
- Min
- -17.12%
Net Margin (TTM)
Nextracker (NXT) at 15.98% 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%
NXT
Capital Goods industry group
15.98%
- Max
- 27.47%
- NXT
- 15.98%
- Q3
- 12.10%
- Median
- 6.30%
- Q1
- 1.40%
- Min
- -12.89%
Operating Margin (TTM)
Both Madison Air (MAIR) at 19.76% and Nextracker (NXT) at 20.06% 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%
NXT
Capital Goods industry group
20.06%
- Max
- 36.60%
- NXT
- 20.06%
- Q3
- 18.33%
- Median
- 11.12%
- Q1
- 5.14%
- Min
- -12.63%
Profitability Metrics
| Metric | MAIR | NXT |
|---|---|---|
| ROE (TTM) | -- | 26.46% |
| ROA (TTM) | -- | 10.75% |
| Net Margin (TTM) | 3.73% | 15.98% |
| Operating Margin (TTM) | 19.76% | 20.06% |
| Gross Margin (TTM) | 39.06% | 21.84% |
Growth
Revenue Growth
Both Madison Air (MAIR) at 34.07% and Nextracker (NXT) at 20.28% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.
EPS Growth
Both Madison Air (MAIR) at -2.32% and Nextracker (NXT) at 10.66% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | MAIR | NXT |
|---|---|---|
| Revenue Growth (YoY) | 34.07% | 20.28% |
| Revenue Growth (3Y CAGR) | -- | 23.23% |
| EPS Growth (YoY) | -2.32% | 10.66% |
| EPS Growth (3Y CAGR) | -- | 476.90% |
Financial Strength
Current Ratio (MRQ)
Both Madison Air (MAIR) at 1.82 and Nextracker (NXT) at 2.23 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity 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
NXT
Capital Goods industry group
2.23
- Max
- 5.22
- Q3
- 2.95
- NXT
- 2.23
- Median
- 2.08
- Q1
- 1.43
- Min
- 0.36
Debt / Equity (MRQ)
Nextracker (NXT) at 0.02 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
NXT
Capital Goods industry group
0.02
- Max
- 2.33
- Q3
- 1.12
- Median
- 0.60
- Q1
- 0.29
- NXT
- 0.02
- Min
- 0.00
Financial Strength Metrics
| Metric | MAIR | NXT |
|---|---|---|
| Current Ratio (MRQ) | 1.82 | 2.23 |
| Debt / Equity (MRQ) | 0.87 | 0.02 |
| Net Debt / EBITDA | 3.37 | -1.30 |
Dividends
Dividend Yield (TTM)
Neither Madison Air (MAIR) nor Nextracker (NXT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
NXT
Capital Goods industry group
0.00%
- Max
- 2.66%
- Q3
- 1.14%
- Median
- 0.24%
- NXT
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Madison Air (MAIR) nor Nextracker (NXT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
NXT
Capital Goods industry group
0.00%
- Max
- 67.39%
- Q3
- 28.02%
- Median
- 6.86%
- NXT
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | MAIR | NXT |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Nextracker (NXT) at 26.42 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.
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
NXT
Capital Goods industry group
26.42
- Max
- 59.38
- Q3
- 35.92
- NXT
- 26.42
- Median
- 25.41
- Q1
- 19.47
- Min
- 3.03
P/S Ratio (TTM)
Madison Air (MAIR) at 3.09 is priced about in line with its industry on P/S ratio, while Nextracker (NXT) at 4.17 sits in the pricier quartile — NXT costs more per dollar of sales.
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
NXT
Capital Goods industry group
4.17
- Max
- 7.54
- NXT
- 4.17
- Q3
- 3.76
- Median
- 2.15
- Q1
- 1.03
- Min
- 0.03
P/B Ratio (MRQ)
Madison Air (MAIR) at 3.17 is valued about in line with its industry on P/B ratio, while Nextracker (NXT) at 5.98 carries an above-peer premium to book — NXT is pricier on assets.
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
NXT
Capital Goods industry group
5.98
- Max
- 9.66
- NXT
- 5.98
- Q3
- 5.00
- Median
- 3.12
- Q1
- 1.81
- Min
- -1.08
Valuation Metrics
| Metric | MAIR | NXT |
|---|---|---|
| P/E Ratio (TTM) | 164.57 | 26.42 |
| P/S Ratio (TTM) | 3.09 | 4.17 |
| P/B Ratio (MRQ) | 3.17 | 5.98 |
| Free Cash Flow Yield (TTM) | -- | 2.32% |