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How Madison Air Solutions (MAIR) makes money

Madison Air Solutions (MAIR) made $1.1B of revenue in the third quarter 2026 (Q3 2026), +25% from a year earlier. Commercial brought in $772M (69%); Residential brought in $355M (31%). Of every dollar of revenue, 19¢ was left as operating profit, 10¢ was left as net earnings.

Drawing the Sankey…

Madison Air Solutions revenue by segment, Q3 2026Madison Air Solutions revenue by segment, Q3 2026Commercial$772MResidential$355M
Madison Air Solutions revenue by quarterMadison Air Solutions revenue by quarter$991MQ2 2026$1.1BQ3 2026
Madison Air Solutions: where each dollar of revenue goesMadison Air Solutions: where each dollar of revenue goesOperating profit19¢Income tax2¢Net earnings10¢Operating cash flow15¢Free cash flow14¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Commercial$772M68.5%+17%+39%
Residential$355M31.5%+7%+3%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$1.1B100.0%
Operating profit$215M19.1%
Income tax$20.2M1.8%
Net earnings$107M9.5%
Operating cash flow$172M15.3%
Free cash flow$158M14.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$1.1B+25%
Q2 2026$991M+21%

From Madison Air Solutions' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Madison Air Solutions make money?

Madison Air Solutions (MAIR) made $1.1B of revenue in the third quarter 2026 (Q3 2026), +25% from a year earlier. Commercial brought in $772M (69%); Residential brought in $355M (31%). Of every dollar of revenue, 19¢ was left as operating profit, 10¢ was left as net earnings.

What is Madison Air Solutions' biggest business?

Commercial: $772M in the third quarter 2026, 69% of revenue, +39% from a year earlier.

What is Madison Air Solutions' profit margin?

Net earnings were $107M, 9.5% of revenue, in the third quarter 2026; the operating margin was 19.1%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.