MAIR vs. PCAR: Madison Air vs. PACCAR Stock Comparison

November 11, 2026

How do Madison Air (MAIR) and PACCAR (PCAR) 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 PACCAR (PCAR) both fall under the Capital Goods industry group, but MAIR is classified in Building Products while PCAR is classified in Machinery.

PACCAR (PCAR) has been public since March 17, 1980, 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 PACCAR (PCAR)
Profile Item	MAIR	PCAR
Name	Madison Air Solutions Corporation Class A Common Stock	PACCAR 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	Construction Machinery & Heavy Transportation Equipment
Market Capitalization	11.56 billion USD	53.69 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	April 16, 2026	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MAIR

PCAR

GSPC

Madison Air (MAIR) vs. PACCAR (PCAR), 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 PACCAR (PCAR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Madison Air (MAIR) and PACCAR (PCAR)
Metric	MAIR	PCAR
Total Return (1Y)	--	9.49%
Total Return (3Y, Annualized)	--	11.04%
Total Return (5Y, Annualized)	--	16.64%

Risk Profile

Drawdown History

MAIR

PCAR

GSPC

Madison Air (MAIR) vs. PACCAR (PCAR), 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 PACCAR (PCAR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Madison Air (MAIR) and PACCAR (PCAR)
Metric	MAIR	PCAR
Volatility (1Y, Annualized)	57.10%	27.23%
Beta (5Y)	1.60	0.94
Max Drawdown (5Y)	-51.16%	-27.75%
Avg. Volume (3M)	2.60M	3.33M

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Madison Air (MAIR) and PACCAR (PCAR)
Metric	MAIR	PCAR
Sharpe Ratio (1Y)	--	0.19
Sortino Ratio (1Y)	--	0.30

Profitability

ROE (TTM)

Capital efficiency shows on one side only: PACCAR (PCAR) earns 13.71% 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: --

PCAR

Capital Goods industry group

13.71%

Max: 40.55%
Q3: 19.29%
PCAR: 13.71%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Both Madison Air (MAIR) at 3.73% and PACCAR (PCAR) at 9.50% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

PCAR

Capital Goods industry group

9.50%

Max: 27.47%
Q3: 12.10%
PCAR: 9.50%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Madison Air (MAIR) vs. PACCAR (PCAR): 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 PACCAR (PCAR) at 12.59%, which runs around its industry’s norm.

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%

PCAR

Capital Goods industry group

12.59%

Max: 36.60%
Q3: 18.33%
PCAR: 12.59%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Madison Air (MAIR) and PACCAR (PCAR)
Metric	MAIR	PCAR
ROE (TTM)	--	13.71%
ROA (TTM)	--	4.53%
Net Margin (TTM)	3.73%	9.50%
Operating Margin (TTM)	19.76%	12.59%
Gross Margin (TTM)	39.06%	14.21%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while PACCAR (PCAR) at -15.50% is in the bottom quartile, showing a clear gap in revenue momentum.

Madison Air (MAIR) vs. PACCAR (PCAR): 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 PACCAR (PCAR) at -42.91% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Madison Air (MAIR) and PACCAR (PCAR)
Metric	MAIR	PCAR
Revenue Growth (YoY)	34.07%	-15.50%
Revenue Growth (3Y CAGR)	--	-0.44%
EPS Growth (YoY)	-2.32%	-42.91%
EPS Growth (3Y CAGR)	--	-7.80%

Financial Strength

Current Ratio (MRQ)

Madison Air (MAIR) at 1.82 keeps current ratio within its industry’s typical mid-range, while PACCAR (PCAR) at 5.47 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

PCAR

Capital Goods industry group

5.47

PCAR: 5.47
Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Both Madison Air (MAIR) at 0.87 and PACCAR (PCAR) at 0.72 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

PCAR

Capital Goods industry group

0.72

Max: 2.33
Q3: 1.12
PCAR: 0.72
Median: 0.60
Q1: 0.29
Min: 0.00

Madison Air (MAIR) vs. PACCAR (PCAR): 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 PACCAR (PCAR)
Metric	MAIR	PCAR
Current Ratio (MRQ)	1.82	5.47
Debt / Equity (MRQ)	0.87	0.72
Net Debt / EBITDA	3.37	1.62

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 PACCAR (PCAR) reports a yield of 1.30%, 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%

PCAR

Capital Goods industry group

1.30%

Max: 2.66%
PCAR: 1.30%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Madison Air (MAIR) vs. PACCAR (PCAR): 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 PACCAR (PCAR) reports a payout of 25.95%, 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%

PCAR

Capital Goods industry group

25.95%

Max: 67.39%
Q3: 28.02%
PCAR: 25.95%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Madison Air (MAIR) and PACCAR (PCAR)
Metric	MAIR	PCAR
Dividend Yield (TTM)	0.00%	1.30%
Dividend Payout Ratio (TTM)	0.00%	25.95%

Valuation

P/E Ratio (TTM)

PACCAR (PCAR) at 19.46 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

PCAR

Capital Goods industry group

19.46

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
PCAR: 19.46
Min: 3.03

Madison Air (MAIR) vs. PACCAR (PCAR): 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 PACCAR (PCAR) at 1.85 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

PCAR

Capital Goods industry group

1.85

Max: 7.54
Q3: 3.76
Median: 2.15
PCAR: 1.85
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

On P/B ratio, both Madison Air (MAIR) at 3.17 and PACCAR (PCAR) at 2.57 are valued close to their industries’ norm against book — neither stands out from peers.

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

PCAR

Capital Goods industry group

2.57

Max: 9.66
Q3: 5.00
Median: 3.12
PCAR: 2.57
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Madison Air (MAIR) and PACCAR (PCAR)
Metric	MAIR	PCAR
P/E Ratio (TTM)	164.57	19.46
P/S Ratio (TTM)	3.09	1.85
P/B Ratio (MRQ)	3.17	2.57
Free Cash Flow Yield (TTM)	--	3.23%