MAIR vs. TT: Madison Air vs. Trane Technologies Stock Comparison

November 11, 2026

How do Madison Air (MAIR) and Trane Technologies (TT) 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 Trane Technologies (TT) are both classified in the Building Products sub-industry within the broader Building Products industry, placing them in the closest GICS peer bucket.

Trane Technologies (TT) 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 Trane Technologies (TT)
Profile Item	MAIR	TT
Name	Madison Air Solutions Corporation Class A Common Stock	Trane Technologies plc
Country/Region	United States	Ireland
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Building Products	Building Products
GICS Sub-Industry	Building Products	Building Products
Market Capitalization	11.56 billion USD	87.94 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 16, 2026	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MAIR

GSPC

Madison Air (MAIR) vs. Trane Technologies (TT), 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 Trane Technologies (TT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Madison Air (MAIR) and Trane Technologies (TT)
Metric	MAIR	TT
Total Return (1Y)	--	-2.56%
Total Return (3Y, Annualized)	--	25.06%
Total Return (5Y, Annualized)	--	18.70%

Risk Profile

Drawdown History

MAIR

GSPC

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

Risk Metrics

Risk profile metrics for Madison Air (MAIR) and Trane Technologies (TT)
Metric	MAIR	TT
Volatility (1Y, Annualized)	57.10%	30.26%
Beta (5Y)	1.60	1.18
Max Drawdown (5Y)	-51.16%	-39.76%
Avg. Volume (3M)	2.60M	1.24M

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Madison Air (MAIR) and Trane Technologies (TT)
Metric	MAIR	TT
Sharpe Ratio (1Y)	--	-0.23
Sortino Ratio (1Y)	--	-0.31

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Trane Technologies (TT) earns 36.94% 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: --

TT

Capital Goods industry group

36.94%

Max: 40.55%
TT: 36.94%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Trane Technologies (TT) at 13.56% 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%

TT

Capital Goods industry group

13.56%

Max: 27.47%
TT: 13.56%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Madison Air (MAIR) vs. Trane Technologies (TT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Madison Air (MAIR) at 19.76% and Trane Technologies (TT) at 19.85% 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%

TT

Capital Goods industry group

19.85%

Max: 36.60%
TT: 19.85%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Madison Air (MAIR) and Trane Technologies (TT)
Metric	MAIR	TT
ROE (TTM)	--	36.94%
ROA (TTM)	--	11.42%
Net Margin (TTM)	3.73%	13.56%
Operating Margin (TTM)	19.76%	19.85%
Gross Margin (TTM)	39.06%	34.99%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Trane Technologies (TT) at 7.48% is closer to the peer norm — faster top-line expansion for MAIR.

Madison Air (MAIR) vs. Trane Technologies (TT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Madison Air (MAIR) at -2.32% and Trane Technologies (TT) at 15.48% 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. Trane Technologies (TT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Madison Air (MAIR) and Trane Technologies (TT)
Metric	MAIR	TT
Revenue Growth (YoY)	34.07%	7.48%
Revenue Growth (3Y CAGR)	--	10.06%
EPS Growth (YoY)	-2.32%	15.48%
EPS Growth (3Y CAGR)	--	20.17%

Financial Strength

Current Ratio (MRQ)

Madison Air (MAIR) at 1.82 keeps current ratio within its industry’s typical mid-range, while Trane Technologies (TT) at 1.12 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TT.

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

TT

Capital Goods industry group

1.12

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
TT: 1.12
Min: 0.36

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

Debt / Equity (MRQ)

Both Madison Air (MAIR) at 0.87 and Trane Technologies (TT) at 0.46 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

TT

Capital Goods industry group

0.46

Max: 2.33
Q3: 1.12
Median: 0.60
TT: 0.46
Q1: 0.29
Min: 0.00

Madison Air (MAIR) vs. Trane Technologies (TT): 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 Trane Technologies (TT)
Metric	MAIR	TT
Current Ratio (MRQ)	1.82	1.12
Debt / Equity (MRQ)	0.87	0.46
Net Debt / EBITDA	3.37	0.66

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 Trane Technologies (TT) reports a yield of 1.04%, 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%

TT

Capital Goods industry group

1.04%

Max: 2.66%
Q3: 1.14%
TT: 1.04%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Madison Air (MAIR) vs. Trane Technologies (TT): 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 Trane Technologies (TT) reports a payout of 28.42%, 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%

TT

Capital Goods industry group

28.42%

Max: 67.39%
TT: 28.42%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Madison Air (MAIR) and Trane Technologies (TT)
Metric	MAIR	TT
Dividend Yield (TTM)	0.00%	1.04%
Dividend Payout Ratio (TTM)	0.00%	28.42%

Valuation

P/E Ratio (TTM)

Trane Technologies (TT) at 27.92 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

TT

Capital Goods industry group

27.92

Max: 59.38
Q3: 35.92
TT: 27.92
Median: 25.41
Q1: 19.47
Min: 3.03

Madison Air (MAIR) vs. Trane Technologies (TT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Madison Air (MAIR) at 3.09 is priced about in line with its industry on P/S ratio, while Trane Technologies (TT) at 3.79 sits in the pricier quartile — TT 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

TT

Capital Goods industry group

3.79

Max: 7.54
TT: 3.79
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Madison Air (MAIR) vs. Trane Technologies (TT): 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 Trane Technologies (TT) at 9.66 carries an above-peer premium to book — TT 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

TT

Capital Goods industry group

9.66

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

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

Valuation Metrics

Valuation metrics for Madison Air (MAIR) and Trane Technologies (TT)
Metric	MAIR	TT
P/E Ratio (TTM)	164.57	27.92
P/S Ratio (TTM)	3.09	3.79
P/B Ratio (MRQ)	3.17	9.66
Free Cash Flow Yield (TTM)	--	3.94%