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Madison Air Solutions vs Ceco Environmental: MAIR and CECO compared
Madison Air Solutions is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $285M for Ceco Environmental (Q2 2026). Ceco Environmental is growing faster (+54% against +25% a year earlier). Madison Air Solutions is more profitable, with an operating margin of 19.1% against -11.6%.
Where the money goes: MAIR and CECO
Madison Air Solutions (MAIR) · Q3 2026
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 follows the revenue to costs, profit and cash.
Ceco Environmental (CECO) · Q2 2026
Ceco Environmental, Q2 2026: revenue $285M (+54% year over year), operating margin -11.6%, net loss $34.5M, operating cash flow −$19.3M. The chart follows the revenue to costs, profit and cash.
| Madison Air Solutions (MAIR) | Ceco Environmental (CECO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $1.1B | $285M |
| Revenue growth, Y/Y | +25% | +54% |
| Operating margin | 19.1% | -11.6% |
| Net earnings | $107M | −$34.5M |
| Net margin | 9.5% | -12.1% |
| Operating cash flow | $172M | −$19.3M |
| Free cash flow | $158M | — |
| Market value | $10.9B | — |
| Analysts’ mean target | $35.78 | — |
Where the revenue comes from
Madison Air Solutions
- Commercial: $772M (69%)
- Residential: $355M (31%)
Questions
Which is bigger, Madison Air Solutions or Ceco Environmental?
Madison Air Solutions is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $285M for Ceco Environmental (Q2 2026).
Is Madison Air Solutions or Ceco Environmental growing faster?
Ceco Environmental is growing faster (+54% against +25% a year earlier).
Which is more profitable, Madison Air Solutions or Ceco Environmental?
Madison Air Solutions is more profitable, with an operating margin of 19.1% against -11.6%.
More: Madison Air Solutions earnings · how Madison Air Solutions makes money · Ceco Environmental earnings · how Ceco Environmental makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.