Madison Air Solutions Corporati (MAIR) Stock Price & How to Invest
Last updated July 2026
Short answer
MAIR is Madison Air Solutions Corporation, a Chicago-based indoor air quality and HVAC manufacturer that trades on the NYSE; investing in it is a bet on a leading air-and-cooling platform (brands like Big Ass Fans, Nortek, AprilAire and Reznor) increasingly tied to data center cooling demand.
MAIR stock price
As of 2026-07-24, Madison Air Solutions Corporati (MAIR) last closed at $34.73, down 11.9% over the past month. Over its trading history so far it has traded between $31.75 and $43.86.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Madison Air Solutions Corporati's investor relations page. Walnut is informational, not investment advice.
What does Madison Air Solutions Corporati (MAIR) do?
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.
What's driving Madison Air Solutions Corporati (MAIR)?
1. 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. Management has signaled data center cooling unit shipments could more than triple toward roughly 10,000 units in 2026 from about 3,000 in 2025. This is the primary narrative pulling investor attention toward the name.
2. Multi-brand platform breadth
The company spans residential, commercial and industrial air quality and HVAC through recognized brands like Big Ass Fans, AprilAire, Nortek and Reznor. That diversification across end markets (healthcare, education, manufacturing, housing) gives it multiple demand drivers beyond data centers. Cross-selling and share gains across this portfolio underpin the broader top-line growth story.
3. Margin and EBITDA scaling
Guidance for about $1.02 billion to $1.07 billion of 2026 adjusted EBITDA implies meaningful operating leverage on a roughly $3.3 billion-plus revenue base. If mix shifts toward higher-value cooling and premium air quality products, margins could expand. Delivering on this EBITDA ramp is central to justifying the elevated valuation.
What are the risks to Madison Air Solutions Corporati (MAIR)?
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.
How is Madison Air Solutions Corporati (MAIR) valued? (approximate, JULY 2026)
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.
Who competes with Madison Air Solutions Corporati (MAIR)?
Diversified HVAC majors
Trane Technologies, Carrier Global, Johnson Controls and Lennox International are much larger climate and HVAC players that overlap with Madison Air across commercial, industrial and residential air systems, competing on scale, distribution and installed base.
Specialty air and cooling manufacturers
AAON, Greenheck, Evapco and Munters compete directly in engineered air movement, ventilation and cooling equipment, a core overlap with Madison Air's Nortek and air-handling lines and its data center cooling ambitions.
Data center thermal specialists
Vertiv, Motivair and other liquid and hybrid cooling providers are the direct rivals for the AI data center thermal management opportunity that Madison Air is targeting as a growth driver.
How to invest in Madison Air Solutions Corporati (MAIR)
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 basket, so MAIR sits alongside other stocks that express the same thesis.
Walnut takes the basket 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.
The bottom line on Madison Air Solutions Corporati (MAIR)
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.
More on Madison Air Solutions Corporati (MAIR)
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?, 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?
Build a basket around MAIR with Walnut
Use Madison Air Solutions Corporati as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Madison Air Solutions (MAIR) do?
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It designs and manufactures indoor air quality, heating, ventilation, air movement, filtration and cooling systems, sold through brands such as Big Ass Fans, Nortek, AprilAire, Broan-NuTone and Reznor across residential, commercial, industrial and data center markets.
What exchange does MAIR trade on?
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MAIR trades on the New York Stock Exchange (NYSE). The Class A common stock listed there following the company's 2026 initial public offering, which priced at $27 per share.
How big is Madison Air Solutions?
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The company reported roughly $3.34 billion in revenue for the year ended December 2025 and carried a market capitalization of about $18.8 billion in mid-2026, making it a large-cap industrial name.
Is MAIR profitable?
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Yes, on a net income basis. Madison Air reported net income of about $124 million for FY2025, though that figure declined year over year even as revenue grew, and the stock trades at a high multiple of those earnings.
Why is MAIR linked to AI and data centers?
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Madison Air sells air, liquid and hybrid cooling systems for high-density data centers. Management has pointed to data center cooling unit shipments potentially tripling toward around 10,000 units in 2026, making AI infrastructure a central part of the growth story.
Who are Madison Air's main competitors?
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Broad HVAC majors like Trane Technologies, Carrier, Johnson Controls and Lennox, specialty air and cooling makers like AAON, Greenheck and Munters, and data center thermal specialists like Vertiv and Motivair.
Is MAIR stock expensive?
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By common metrics, yes. It trades at a price-to-sales ratio near 6x and a trailing P/E reported above 100x, well above building-industry averages, so the valuation embeds significant future growth expectations.
What are the biggest risks with MAIR?
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A rich valuation that leaves little room for disappointment, dependence on continued AI data center spending, cyclicality in residential and commercial HVAC, and a short public-company track record with concentrated founder ownership.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Madison Air Solutions Corporati's investor relations page or your broker before making investment decisions.