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MAIR vs. WAB: Madison Air vs. Wabtec Stock Comparison

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

Wabtec (WAB) has been public since June 16, 1995, 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 Wabtec (WAB)
Profile ItemMAIRWAB
NameMadison Air Solutions Corporation Class A Common StockWabtec Corporation
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryBuilding ProductsMachinery
GICS Sub-IndustryBuilding ProductsConstruction Machinery & Heavy Transportation Equipment
Market Capitalization11.56 billion USD47.59 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateApril 16, 2026June 16, 1995
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

MAIR
WAB
GSPC
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Madison Air (MAIR) vs. Wabtec (WAB), 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 Wabtec (WAB). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Madison Air (MAIR) and Wabtec (WAB)
MetricMAIRWAB
Total Return (1Y)--44.64%
Total Return (3Y, Annualized)--39.37%
Total Return (5Y, Annualized)--25.90%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Madison Air (MAIR) and Wabtec (WAB)
MetricMAIRWAB
Volatility (1Y, Annualized)57.10%27.53%
Beta (5Y)1.600.91
Max Drawdown (5Y)-51.16%-23.55%
Avg. Volume (3M)2.60M890.96K

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Madison Air (MAIR) and Wabtec (WAB)
MetricMAIRWAB
Sharpe Ratio (1Y)--1.47
Sortino Ratio (1Y)--2.34

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Wabtec (WAB) earns 12.24% 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
--

WAB

Capital Goods industry group

12.24%

Max
40.55%
Q3
19.29%
WAB
12.24%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Madison Air (MAIR) vs. Wabtec (WAB): MAIR does not report ROE, so it has no value marker; WAB is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Both Madison Air (MAIR) at 3.73% and Wabtec (WAB) at 11.20% 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%

WAB

Capital Goods industry group

11.20%

Max
27.47%
Q3
12.10%
WAB
11.20%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Madison Air (MAIR) vs. Wabtec (WAB): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Madison Air (MAIR) at 19.76% and Wabtec (WAB) at 20.22% 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%

WAB

Capital Goods industry group

20.22%

Max
36.60%
WAB
20.22%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Madison Air (MAIR) vs. Wabtec (WAB): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Madison Air (MAIR) and Wabtec (WAB)
MetricMAIRWAB
ROE (TTM)--12.24%
ROA (TTM)--6.28%
Net Margin (TTM)3.73%11.20%
Operating Margin (TTM)19.76%20.22%
Gross Margin (TTM)39.06%36.17%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Wabtec (WAB) at 7.51% is closer to the peer norm — faster top-line expansion for MAIR.

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Madison Air (MAIR) vs. Wabtec (WAB): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Madison Air (MAIR) at -2.32% and Wabtec (WAB) at 13.08% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Madison Air (MAIR) and Wabtec (WAB)
MetricMAIRWAB
Revenue Growth (YoY)34.07%7.51%
Revenue Growth (3Y CAGR)--10.12%
EPS Growth (YoY)-2.32%13.08%
EPS Growth (3Y CAGR)--25.44%

Financial Strength

Current Ratio (MRQ)

Madison Air (MAIR) at 1.82 keeps current ratio within its industry’s typical mid-range, while Wabtec (WAB) at 1.10 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WAB.

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

WAB

Capital Goods industry group

1.10

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
WAB
1.10
Min
0.36
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Madison Air (MAIR) vs. Wabtec (WAB): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Madison Air (MAIR) at 0.87 and Wabtec (WAB) at 0.60 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

WAB

Capital Goods industry group

0.60

Max
2.33
Q3
1.12
WAB
0.60
Median
0.60
Q1
0.29
Min
0.00
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Madison Air (MAIR) vs. Wabtec (WAB): 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 Wabtec (WAB)
MetricMAIRWAB
Current Ratio (MRQ)1.821.10
Debt / Equity (MRQ)0.870.60
Net Debt / EBITDA3.372.28

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 Wabtec (WAB) reports a yield of 0.42%, 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%

WAB

Capital Goods industry group

0.42%

Max
2.66%
Q3
1.14%
WAB
0.42%
Median
0.24%
Q1
0.00%
Min
0.00%
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Madison Air (MAIR) vs. Wabtec (WAB): 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 Wabtec (WAB) reports a payout of 14.66%, 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%

WAB

Capital Goods industry group

14.66%

Max
67.39%
Q3
28.02%
WAB
14.66%
Median
6.86%
Q1
0.00%
Min
0.00%
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Madison Air (MAIR) vs. Wabtec (WAB): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Madison Air (MAIR) and Wabtec (WAB)
MetricMAIRWAB
Dividend Yield (TTM)0.00%0.42%
Dividend Payout Ratio (TTM)0.00%14.66%

Valuation

P/E Ratio (TTM)

Wabtec (WAB) at 35.23 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

WAB

Capital Goods industry group

35.23

Max
59.38
Q3
35.92
WAB
35.23
Median
25.41
Q1
19.47
Min
3.03
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Madison Air (MAIR) vs. Wabtec (WAB): 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 Wabtec (WAB) at 3.90 sits in the pricier quartile — WAB 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

WAB

Capital Goods industry group

3.90

Max
7.54
WAB
3.90
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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Madison Air (MAIR) vs. Wabtec (WAB): 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 Wabtec (WAB) at 4.20 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

WAB

Capital Goods industry group

4.20

Max
9.66
Q3
5.00
WAB
4.20
Median
3.12
Q1
1.81
Min
-1.08
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Madison Air (MAIR) vs. Wabtec (WAB): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Madison Air (MAIR) and Wabtec (WAB)
MetricMAIRWAB
P/E Ratio (TTM)164.5735.23
P/S Ratio (TTM)3.093.90
P/B Ratio (MRQ)3.174.20
Free Cash Flow Yield (TTM)--2.60%