Filing Flows › Madison Air Solutions (MAIR) › Q3 2026 › vs Q3 2025
Madison Air Solutions (MAIR) Q3 2026 vs Q3 2025 (year over year)
Madison Air Solutions's revenue rose $228M (+25%) from $898M in Q3 2025 to $1.1B in Q3 2026. The biggest changes: Commercial +$218M (+39%); Residential +$10.7M (+3%). Operating margin 19.1% against 20.2% (-1.1 pts).
Madison Air Solutions, Q3 2026: revenue $1.1B (+25% year over year), operating margin 19.1%, net earnings $107M, operating cash flow $172M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.1% | 20.2% | -1.1 pts |
| Net margin | 9.5% | 6.3% | +3.2 pts |
| Free cash flow margin | 14.0% | 17.9% | -3.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Commercial | $772M | $554M | $218M | +39% |
| Residential | $355M | $344M | $10.7M | +3% |
| Revenue | $1.1B | $898M | $228M | +25% |
| Operating profit | $215M | $181M | $33.5M | +18% |
| Costs & expenses | $912M | $717M | $195M | +27% |
| Pre-tax earnings | $128M | $82.2M | $45.4M | +55% |
| Other expense, net | $87.3M | $99.2M | −$11.9M | -12% |
| Cost of revenue | $704M | $540M | $164M | +30% |
| SG&A | $149M | $135M | $14.2M | +11% |
| Other operating costs | $58.6M | $42.4M | $16.2M | +38% |
| Net earnings | $107M | $56.8M | $50.6M | +89% |
| Income tax | $20.2M | $25.4M | −$5.2M | -20% |
| Depreciation & amortization | $52.6M | $53.2M | −$600K | -1% |
| Share-based compensation | $11.2M | $5.3M | $5.9M | +111% |
| Working capital & other | $800K | $57.9M | −$57.1M | -99% |
| Operating cash flow | $172M | $173M | −$1.2M | -0.7% |
| Free cash flow (OCF − capex) | $158M | $161M | −$3.0M | -2% |
| Capital expenditures | $14.1M | $12.3M | $1.8M | +15% |
Questions
How much did Madison Air Solutions's revenue grow year over year in Q3 2026?
Madison Air Solutions's revenue rose $228M (+25%) from $898M in Q3 2025 to $1.1B in Q3 2026.
What drove Madison Air Solutions's revenue change in Q3 2026?
Commercial +$218M (+39%); Residential +$10.7M (+3%).