MAIR vs. PWR: Madison Air vs. Quanta Services Stock Comparison

November 11, 2026

How do Madison Air (MAIR) and Quanta Services (PWR) 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 Quanta Services (PWR) both fall under the Capital Goods industry group, but MAIR is classified in Building Products while PWR is classified in Construction & Engineering.

Quanta Services (PWR) has been public since February 12, 1998, 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 Quanta Services (PWR)
Profile Item	MAIR	PWR
Name	Madison Air Solutions Corporation Class A Common Stock	Quanta Services, Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Building Products	Construction & Engineering
GICS Sub-Industry	Building Products	Construction & Engineering
Market Capitalization	11.56 billion USD	81.50 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 16, 2026	February 12, 1998
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MAIR

PWR

GSPC

Madison Air (MAIR) vs. Quanta Services (PWR), 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 Quanta Services (PWR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Madison Air (MAIR) and Quanta Services (PWR)
Metric	MAIR	PWR
Total Return (1Y)	--	32.97%
Total Return (3Y, Annualized)	--	51.81%
Total Return (5Y, Annualized)	--	38.19%

Risk Profile

Drawdown History

MAIR

PWR

GSPC

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

Risk Metrics

Risk profile metrics for Madison Air (MAIR) and Quanta Services (PWR)
Metric	MAIR	PWR
Volatility (1Y, Annualized)	57.10%	50.22%
Beta (5Y)	1.60	1.29
Max Drawdown (5Y)	-51.16%	-35.15%
Avg. Volume (3M)	2.60M	1.19M

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Madison Air (MAIR) and Quanta Services (PWR)
Metric	MAIR	PWR
Sharpe Ratio (1Y)	--	0.57
Sortino Ratio (1Y)	--	0.87

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Quanta Services (PWR) earns 18.02% 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: --

PWR

Capital Goods industry group

18.02%

Max: 40.55%
Q3: 19.29%
PWR: 18.02%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Both Madison Air (MAIR) at 3.73% and Quanta Services (PWR) at 4.51% 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%

PWR

Capital Goods industry group

4.51%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
PWR: 4.51%
Q1: 1.40%
Min: -12.89%

Madison Air (MAIR) vs. Quanta Services (PWR): 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 Quanta Services (PWR) at 8.63%, 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%

PWR

Capital Goods industry group

8.63%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
PWR: 8.63%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Madison Air (MAIR) and Quanta Services (PWR)
Metric	MAIR	PWR
ROE (TTM)	--	18.02%
ROA (TTM)	--	5.72%
Net Margin (TTM)	3.73%	4.51%
Operating Margin (TTM)	19.76%	8.63%
Gross Margin (TTM)	39.06%	15.76%

Growth

Revenue Growth

Both Madison Air (MAIR) at 34.07% and Quanta Services (PWR) at 20.31% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

Madison Air (MAIR) vs. Quanta Services (PWR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Madison Air (MAIR) at -2.32% and Quanta Services (PWR) at 12.77% 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. Quanta Services (PWR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Madison Air (MAIR) and Quanta Services (PWR)
Metric	MAIR	PWR
Revenue Growth (YoY)	34.07%	20.31%
Revenue Growth (3Y CAGR)	--	18.60%
EPS Growth (YoY)	-2.32%	12.77%
EPS Growth (3Y CAGR)	--	27.00%

Financial Strength

Current Ratio (MRQ)

Madison Air (MAIR) at 1.82 keeps current ratio within its industry’s typical mid-range, while Quanta Services (PWR) at 1.16 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PWR.

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

PWR

Capital Goods industry group

1.16

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
PWR: 1.16
Min: 0.36

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

Debt / Equity (MRQ)

Both Madison Air (MAIR) at 0.87 and Quanta Services (PWR) at 0.71 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

PWR

Capital Goods industry group

0.71

Max: 2.33
Q3: 1.12
PWR: 0.71
Median: 0.60
Q1: 0.29
Min: 0.00

Madison Air (MAIR) vs. Quanta Services (PWR): 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 Quanta Services (PWR)
Metric	MAIR	PWR
Current Ratio (MRQ)	1.82	1.16
Debt / Equity (MRQ)	0.87	0.71
Net Debt / EBITDA	3.37	1.43

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 Quanta Services (PWR) reports a yield of 0.09%, 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%

PWR

Capital Goods industry group

0.09%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
PWR: 0.09%
Q1: 0.00%
Min: 0.00%

Madison Air (MAIR) vs. Quanta Services (PWR): 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 Quanta Services (PWR) reports a payout of 3.98%, 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%

PWR

Capital Goods industry group

3.98%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
PWR: 3.98%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Madison Air (MAIR) and Quanta Services (PWR)
Metric	MAIR	PWR
Dividend Yield (TTM)	0.00%	0.09%
Dividend Payout Ratio (TTM)	0.00%	3.98%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Quanta Services (PWR) at 48.95 sits in the richer P/E ratio quartile, and Madison Air (MAIR) at 164.57 is richer still, above its industry range.

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

PWR

Capital Goods industry group

48.95

Max: 59.38
PWR: 48.95
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

Madison Air (MAIR) vs. Quanta Services (PWR): 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 Quanta Services (PWR) at 2.19 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

PWR

Capital Goods industry group

2.19

Max: 7.54
Q3: 3.76
PWR: 2.19
Median: 2.15
Q1: 1.03
Min: 0.03

Madison Air (MAIR) vs. Quanta Services (PWR): 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 Quanta Services (PWR) at 7.73 carries an above-peer premium to book — PWR 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

PWR

Capital Goods industry group

7.73

Max: 9.66
PWR: 7.73
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Madison Air (MAIR) and Quanta Services (PWR)
Metric	MAIR	PWR
P/E Ratio (TTM)	164.57	48.95
P/S Ratio (TTM)	3.09	2.19
P/B Ratio (MRQ)	3.17	7.73
Free Cash Flow Yield (TTM)	--	3.78%