Madison Air Solutions Corporation (MAIR)

Madison Air Solutions Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period 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	2,040	1,618	1,618
Gross Profit	1,300	1,007	937.8
Selling, General & Admin	473.3	388.6	390.7
Amortization of Goodwill & Intangibles	141.6	101	104.9
Other Operating Expenses	4.1	-	3
Operating Expenses	739.5	520.4	521.7
Operating Income	560.8	486.5	416.1
Interest Expense	-351.3	-295.2	-314.5
Currency Exchange Gain (Loss)	2.1	2.9	-
Other Non Operating Income (Expenses)	-	-0.7	1.3
EBT Excluding Unusual Items	211.6	193.5	102.9
Merger & Restructuring Charges	-28.9	-10.7	-17.3
Gain (Loss) on Sale of Investments	1.9	3.1	-
Gain (Loss) on Sale of Assets	1.3	-1	0.6
Other Unusual Items	0.4	-	2
Pretax Income	192	189.2	88.2
Income Tax Expense	66.3	35.6	38.1
Earnings From Continuing Operations	125.7	153.6	50.1
Earnings From Discontinued Operations	-1.4	82.6	26.4
Net Income to Company	124.3	236.2	76.5
Minority Interest in Earnings	-27.3	-61	-18.3
Net Income	97	175.2	58.2
Net Income to Common	97	175.2	58.2
Net Income Growth	-44.64%	201.03%	-
Free Cash Flow	439.8	-10.3	262
Gross Margin	38.93%	38.36%	36.69%
Operating Margin	16.79%	18.54%	16.28%
Profit Margin	2.90%	6.68%	2.28%
Free Cash Flow Margin	13.17%	-0.39%	10.25%
EBITDA	750.8	627.3	564.3
EBITDA Margin	22.48%	23.90%	22.08%
D&A For EBITDA	190	140.8	148.2
EBIT	560.8	486.5	416.1
EBIT Margin	16.79%	18.54%	16.28%
Effective Tax Rate	34.53%	18.82%	43.20%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q