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Madison Air Solutions vs Donaldson: MAIR and DCI compared
Madison Air Solutions is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $1.1B for Donaldson (Q4 FY26). Madison Air Solutions is growing faster (+25% against +8% a year earlier). Madison Air Solutions is more profitable, with an operating margin of 19.1% against 16.7%.
Where the money goes: MAIR and DCI
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.
Donaldson (DCI) · Q4 FY26
Donaldson, Q4 FY26: revenue $1.1B (+8% year over year), operating margin 16.7%, net earnings $129M, operating cash flow $200M. The chart follows the revenue to costs, profit and cash.
| Madison Air Solutions (MAIR) | Donaldson (DCI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $1.1B | $1.1B |
| Revenue growth, Y/Y | +25% | +8% |
| Gross margin | — | 36.3% |
| Operating margin | 19.1% | 16.7% |
| Net earnings | $107M | $129M |
| Net margin | 9.5% | 12.2% |
| Operating cash flow | $172M | $200M |
| Free cash flow | $158M | $185M |
| Market value | $10.9B | $10.0B |
| P/E | — | 21.9× |
| Analysts’ mean target | $35.78 | $100.40 |
Where the revenue comes from
Madison Air Solutions
- Commercial: $772M (69%)
- Residential: $355M (31%)
Questions
Which is bigger, Madison Air Solutions or Donaldson?
Madison Air Solutions is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $1.1B for Donaldson (Q4 FY26).
Is Madison Air Solutions or Donaldson growing faster?
Madison Air Solutions is growing faster (+25% against +8% a year earlier).
Which is more profitable, Madison Air Solutions or Donaldson?
Madison Air Solutions is more profitable, with an operating margin of 19.1% against 16.7%.
More: Madison Air Solutions earnings · how Madison Air Solutions makes money · Donaldson earnings · how Donaldson makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-K filed Sep 25, 2026). Fiscal quarters can end on different dates. Not investment advice.