Madison Air Solutions Corporation (MAIR)

Madison Air Solutions Income Statement

Financials in millions undefined. Fiscal year is January - December.

Year Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Revenue	3,340	2,625	2,556
Revenue Growth (YoY)	27.26%	2.68%	-
Cost of Revenue	2,053	1,618	1,618
Gross Profit	1,288	1,007	937.8
Selling, General & Admin	473.3	388.6	390.7
Other Operating Expenses	282.3	142.5	145.4
Operating Expenses	755.6	531.1	536.1
Operating Income	531.9	475.8	401.7
Interest Expense (Income)	351.3	295.2	314.5
Other Expense (Income)	-10	-91.2	-27.4
Pretax Income	163.3	210.8	96.3
Income Tax	66.3	35.6	38.1
Net Income	124.3	236.2	76.5
Net Income Common	97	175.2	58.2
Net Income Growth	-44.64%	201.03%	-
Free Cash Flow	439.8	-10.3	262
Gross Margin	38.55%	38.36%	36.69%
Operating Margin	15.93%	18.13%	15.72%
Profit Margin	2.90%	6.68%	2.28%
Free Cash Flow Margin	13.17%	-0.39%	10.25%
Effective Tax Rate	40.60%	16.89%	39.56%
EBITDA	731.9	707.8	577.3
EBITDA Margin	21.91%	26.97%	22.58%
Depreciation & Amortization	190	140.8	148.2
EBIT	541.9	567	429.1
EBIT Margin	16.22%	21.60%	16.79%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).