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MAIR vs. WSO.B: Madison Air vs. Watsco Stock Comparison

How do Madison Air (MAIR) and Watsco (WSO.B) 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 Watsco (WSO.B) both fall under the Capital Goods industry group, but MAIR is classified in Building Products while WSO.B is classified in Trading Companies & Distributors.

Watsco (WSO.B) 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 Watsco (WSO.B)
Profile ItemMAIRWSO.B
NameMadison Air Solutions Corporation Class A Common StockWatsco Inc. Class B Common Stock
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryBuilding ProductsTrading Companies & Distributors
GICS Sub-IndustryBuilding ProductsTrading Companies & Distributors
Market Capitalization11.56 billion USD12.92 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateApril 16, 2026March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

MAIR
WSO.B
GSPC
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Madison Air (MAIR) vs. Watsco (WSO.B), 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 Watsco (WSO.B). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Madison Air (MAIR) and Watsco (WSO.B)
MetricMAIRWSO.B
Total Return (1Y)---11.21%
Total Return (3Y, Annualized)---3.05%
Total Return (5Y, Annualized)--4.30%

Risk Profile

Drawdown History

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

Risk Metrics

Madison Air (MAIR) has an aggressive beta of 1.60, indicating higher sensitivity to broad-market moves, while Watsco (WSO.B) is defensive at 0.64 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Madison Air (MAIR) trades around 2.60M shares per day on average, while Watsco (WSO.B) sees only 74 — a volume gap that can matter for position sizing, exit liquidity, and order execution.

Risk profile metrics for Madison Air (MAIR) and Watsco (WSO.B)
MetricMAIRWSO.B
Volatility (1Y, Annualized)57.10%40.28%
Beta (5Y)1.600.64
Max Drawdown (5Y)-51.16%-43.41%
Avg. Volume (3M)2.60M74

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Madison Air (MAIR) and Watsco (WSO.B)
MetricMAIRWSO.B
Sharpe Ratio (1Y)---0.38
Sortino Ratio (1Y)---0.57

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Watsco (WSO.B) earns 16.21% 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
--

WSO.B

Capital Goods industry group

16.21%

Max
40.55%
Q3
19.29%
WSO.B
16.21%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Madison Air (MAIR) vs. Watsco (WSO.B): MAIR does not report ROE, so it has no value marker; WSO.B is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Both Madison Air (MAIR) at 3.73% and Watsco (WSO.B) at 6.31% 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%

WSO.B

Capital Goods industry group

6.31%

Max
27.47%
Q3
12.10%
WSO.B
6.31%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Madison Air (MAIR) vs. Watsco (WSO.B): 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 Watsco (WSO.B) at 10.14%, 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%

WSO.B

Capital Goods industry group

10.14%

Max
36.60%
Q3
18.33%
Median
11.12%
WSO.B
10.14%
Q1
5.14%
Min
-12.63%
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Madison Air (MAIR) vs. Watsco (WSO.B): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Madison Air (MAIR) and Watsco (WSO.B)
MetricMAIRWSO.B
ROE (TTM)--16.21%
ROA (TTM)--8.27%
Net Margin (TTM)3.73%6.31%
Operating Margin (TTM)19.76%10.14%
Gross Margin (TTM)39.06%27.18%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Watsco (WSO.B) at -4.98% is in the bottom quartile, showing a clear gap in revenue momentum.

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Madison Air (MAIR) vs. Watsco (WSO.B): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Madison Air (MAIR) at -2.32% and Watsco (WSO.B) at -7.47% 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. Watsco (WSO.B): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Madison Air (MAIR) and Watsco (WSO.B)
MetricMAIRWSO.B
Revenue Growth (YoY)34.07%-4.98%
Revenue Growth (3Y CAGR)---0.16%
EPS Growth (YoY)-2.32%-7.47%
EPS Growth (3Y CAGR)---6.89%

Financial Strength

Current Ratio (MRQ)

Madison Air (MAIR) at 1.82 keeps current ratio within its industry’s typical mid-range, while Watsco (WSO.B) at 3.15 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

WSO.B

Capital Goods industry group

3.15

Max
5.22
WSO.B
3.15
Q3
2.95
Median
2.08
Q1
1.43
Min
0.36
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Madison Air (MAIR) vs. Watsco (WSO.B): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Watsco (WSO.B) at 0.16 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

WSO.B

Capital Goods industry group

0.16

Max
2.33
Q3
1.12
Median
0.60
Q1
0.29
WSO.B
0.16
Min
0.00
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Madison Air (MAIR) vs. Watsco (WSO.B): 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 Watsco (WSO.B)
MetricMAIRWSO.B
Current Ratio (MRQ)1.823.15
Debt / Equity (MRQ)0.870.16
Net Debt / EBITDA3.37-0.14

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 Watsco (WSO.B) reports a yield of 4.02%, 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%

WSO.B

Capital Goods industry group

4.02%

WSO.B
4.02%
Max
2.66%
Q3
1.14%
Median
0.24%
Q1
0.00%
Min
0.00%
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Madison Air (MAIR) vs. Watsco (WSO.B): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Watsco (WSO.B) reports payout ratio above 100% at 109.66%, meaning dividends exceeded current-period earnings; Madison Air (MAIR) pays no dividend (payout 0.00%).

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%

WSO.B

Capital Goods industry group

109.66%

WSO.B
109.66%
Max
67.39%
Q3
28.02%
Median
6.86%
Q1
0.00%
Min
0.00%
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Madison Air (MAIR) vs. Watsco (WSO.B): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Madison Air (MAIR) and Watsco (WSO.B)
MetricMAIRWSO.B
Dividend Yield (TTM)0.00%4.02%
Dividend Payout Ratio (TTM)0.00%109.66%

Valuation

P/E Ratio (TTM)

Watsco (WSO.B) at 27.26 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

WSO.B

Capital Goods industry group

27.26

Max
59.38
Q3
35.92
WSO.B
27.26
Median
25.41
Q1
19.47
Min
3.03
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Madison Air (MAIR) vs. Watsco (WSO.B): 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 Watsco (WSO.B) at 1.74 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

WSO.B

Capital Goods industry group

1.74

Max
7.54
Q3
3.76
Median
2.15
WSO.B
1.74
Q1
1.03
Min
0.03
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Madison Air (MAIR) vs. Watsco (WSO.B): 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 Watsco (WSO.B) at 3.99 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

WSO.B

Capital Goods industry group

3.99

Max
9.66
Q3
5.00
WSO.B
3.99
Median
3.12
Q1
1.81
Min
-1.08
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Madison Air (MAIR) vs. Watsco (WSO.B): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Madison Air (MAIR) and Watsco (WSO.B)
MetricMAIRWSO.B
P/E Ratio (TTM)164.5727.26
P/S Ratio (TTM)3.091.74
P/B Ratio (MRQ)3.173.99
Free Cash Flow Yield (TTM)--3.50%