Madison Air Solutions Corporati (MAIR) Stock Price & How to Invest

Madison Air Solutions Corporation (NYSE: MAIR) designs and manufactures indoor air quality, heating, air movement, filtration and cooling systems, selling through a portfolio of well-known brands including Big Ass Fans, Nortek Air Solutions, AprilAire, Broan-NuTone, Reznor and Roberts-Gordon. Founded by Larry Gies in 2017 and headquartered in Chicago, the company serves data centers, healthcare, manufacturing, education and residential housing, and it completed a large NYSE IPO in 2026 (priced at $27 per share).

The investment picture centers on growth and premium valuation. Revenue reached roughly $3.34 billion for the year ended December 2025, up more than 25 percent year over year, and management has guided 2026 adjusted EBITDA to a range of about $1.02 billion to $1.07 billion. The stock trades at a high multiple of trailing earnings, so the case rests heavily on Madison Air converting rising data center cooling orders and its broad brand set into sustained profit growth rather than on current earnings power.

MAIR trades at a steep valuation, with a price-to-sales ratio around 6x and a trailing P/E reported well above 100x, so any growth disappointment could pressure the stock hard. The data center cooling opportunity is competitive and capital-cycle sensitive, and a slowdown in AI infrastructure spending would blunt the key thrust. The residential and commercial HVAC segments are cyclical and exposed to housing, interest rates and construction activity. As a recently public company, MAIR also carries a limited trading history, potential lockup-related supply, and concentrated founder ownership. Net income actually declined in the latest reported year even as revenue grew, highlighting the gap between the growth story and current profitability.

9 analysts publish price targets on MAIR, averaging $41.78 against a $25.75 price as of September 2026, or +62.3%. The published targets run from $33.00 to $49.00, a moderate spread, and the ratings split 9 buy, 2 hold, 0 sell. Over the last six months there have been 4 raises and 5 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full MAIR forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Madison Air Solutions Corporati. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. AI data center cooling. Madison Air is positioning its air, liquid and hybrid cooling systems for high-density AI and cloud facilities, a category with fast-rising capital spending. The most optimistic published target, $49.00, assumes this works close to its best case.

The case against. MAIR trades at a steep valuation, with a price-to-sales ratio around 6x and a trailing P/E reported well above 100x, so any growth disappointment could pressure the stock hard. The most pessimistic target, $33.00, is roughly what MAIR is worth if this bites instead.

Read the full bull and bear case on MAIR, including what would have to change to break either one. Walnut is not an investment adviser.

No. Madison Air Solutions Corporati (MAIR) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Madison Air Solutions Corporati's investor relations page or your broker.

• Revenue (FY2025): ~$3.34B
• Net income (FY2025): ~$124M
• Market cap: ~$18.8B
• Share price: ~$36
• Price / sales: ~6.4x
• 2026 adj. EBITDA guidance: ~$1.02B to $1.07B

MAIR carries a premium valuation, with a price-to-sales multiple near 6x and a trailing P/E reported above 100x, reflecting high growth expectations rather than current earnings. Revenue grew more than 25 percent in FY2025 to about $3.34 billion, though net income declined that year. The 2026 adjusted EBITDA guidance frames the profitability the market is paying up for.

Other names that sit close to MAIR: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get MAIR exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so MAIR sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where MAIR fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

MAIR is a bet on a fast-growing HVAC and air quality operator riding the AI data center cooling wave, priced at a rich premium to its current earnings.

Whether MAIR is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is MAIR a buy or a sell?, and where the stock could go from here in the MAIR stock forecast.

For income investors, whether MAIR pays a dividend and how the payout looks is covered in does MAIR pay a dividend? And to weigh MAIR against a peer, read the full side-by-side comparisons: MAIR vs TT and MAIR vs CARR.