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MAIR vs. WTS: Madison Air vs. Watts Water Stock Comparison

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

Watts Water (WTS) has been public since August 21, 1986, 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 Watts Water (WTS)
Profile ItemMAIRWTS
NameMadison Air Solutions Corporation Class A Common StockWatts Water Technologies, Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryBuilding ProductsMachinery
GICS Sub-IndustryBuilding ProductsIndustrial Machinery & Supplies & Components
Market Capitalization11.56 billion USD11.55 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateApril 16, 2026August 21, 1986
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

MAIR
WTS
GSPC
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Madison Air (MAIR) vs. Watts Water (WTS), 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 Watts Water (WTS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Madison Air (MAIR) and Watts Water (WTS)
MetricMAIRWTS
Total Return (1Y)--33.85%
Total Return (3Y, Annualized)--25.59%
Total Return (5Y, Annualized)--12.56%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Madison Air (MAIR) and Watts Water (WTS)
MetricMAIRWTS
Volatility (1Y, Annualized)57.10%27.38%
Beta (5Y)1.601.11
Max Drawdown (5Y)-51.16%-44.08%
Avg. Volume (3M)2.60M225.08K

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Madison Air (MAIR) and Watts Water (WTS)
MetricMAIRWTS
Sharpe Ratio (1Y)--1.08
Sortino Ratio (1Y)--1.78

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Watts Water (WTS) earns 20.91% 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
--

WTS

Capital Goods industry group

20.91%

Max
40.55%
WTS
20.91%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Madison Air (MAIR) vs. Watts Water (WTS): MAIR does not report ROE, so it has no value marker; WTS is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Watts Water (WTS) at 16.00% 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%

WTS

Capital Goods industry group

16.00%

Max
27.47%
WTS
16.00%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Madison Air (MAIR) vs. Watts Water (WTS): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Madison Air (MAIR) at 19.76% and Watts Water (WTS) at 20.85% 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%

WTS

Capital Goods industry group

20.85%

Max
36.60%
WTS
20.85%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Madison Air (MAIR) vs. Watts Water (WTS): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Madison Air (MAIR) and Watts Water (WTS)
MetricMAIRWTS
ROE (TTM)--20.91%
ROA (TTM)--12.05%
Net Margin (TTM)3.73%16.00%
Operating Margin (TTM)19.76%20.85%
Gross Margin (TTM)39.06%49.09%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Watts Water (WTS) at 8.27% is closer to the peer norm — faster top-line expansion for MAIR.

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Madison Air (MAIR) vs. Watts Water (WTS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Madison Air (MAIR) at -2.32% and Watts Water (WTS) at 17.03% 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. Watts Water (WTS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Madison Air (MAIR) and Watts Water (WTS)
MetricMAIRWTS
Revenue Growth (YoY)34.07%8.27%
Revenue Growth (3Y CAGR)--7.20%
EPS Growth (YoY)-2.32%17.03%
EPS Growth (3Y CAGR)--10.78%

Financial Strength

Current Ratio (MRQ)

Both Madison Air (MAIR) at 1.82 and Watts Water (WTS) at 2.80 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity 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

WTS

Capital Goods industry group

2.80

Max
5.22
Q3
2.95
WTS
2.80
Median
2.08
Q1
1.43
Min
0.36
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Madison Air (MAIR) vs. Watts Water (WTS): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Watts Water (WTS) at 0.08 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

WTS

Capital Goods industry group

0.08

Max
2.33
Q3
1.12
Median
0.60
Q1
0.29
WTS
0.08
Min
0.00
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Madison Air (MAIR) vs. Watts Water (WTS): 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 Watts Water (WTS)
MetricMAIRWTS
Current Ratio (MRQ)1.822.80
Debt / Equity (MRQ)0.870.08
Net Debt / EBITDA3.37-0.40

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 Watts Water (WTS) reports a yield of 0.66%, 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%

WTS

Capital Goods industry group

0.66%

Max
2.66%
Q3
1.14%
WTS
0.66%
Median
0.24%
Q1
0.00%
Min
0.00%
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Madison Air (MAIR) vs. Watts Water (WTS): 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 Watts Water (WTS) reports a payout of 17.24%, 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%

WTS

Capital Goods industry group

17.24%

Max
67.39%
Q3
28.02%
WTS
17.24%
Median
6.86%
Q1
0.00%
Min
0.00%
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Madison Air (MAIR) vs. Watts Water (WTS): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Madison Air (MAIR) and Watts Water (WTS)
MetricMAIRWTS
Dividend Yield (TTM)0.00%0.66%
Dividend Payout Ratio (TTM)0.00%17.24%

Valuation

P/E Ratio (TTM)

Watts Water (WTS) at 25.95 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

WTS

Capital Goods industry group

25.95

Max
59.38
Q3
35.92
WTS
25.95
Median
25.41
Q1
19.47
Min
3.03
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Madison Air (MAIR) vs. Watts Water (WTS): 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 Watts Water (WTS) at 4.14 sits in the pricier quartile — WTS 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

WTS

Capital Goods industry group

4.14

Max
7.54
WTS
4.14
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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Madison Air (MAIR) vs. Watts Water (WTS): 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 Watts Water (WTS) at 4.98 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

WTS

Capital Goods industry group

4.98

Max
9.66
Q3
5.00
WTS
4.98
Median
3.12
Q1
1.81
Min
-1.08
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Madison Air (MAIR) vs. Watts Water (WTS): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Madison Air (MAIR) and Watts Water (WTS)
MetricMAIRWTS
P/E Ratio (TTM)164.5725.95
P/S Ratio (TTM)3.094.14
P/B Ratio (MRQ)3.174.98
Free Cash Flow Yield (TTM)--2.21%