Madison Air Solutions Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	3,745	3,340	2,625	2,556
Revenue Growth	-	27.26%	2.68%	-
Cost of Revenue	2,282	2,040	1,618	1,618
Gross Profit	1,463	1,300	1,007	937.8
Selling, General & Admin	529	473.3	388.6	390.7
Amortization of Goodwill & Intangibles	163.3	141.6	101	104.9
Other Operating Expenses	-3	4.1	-	3
Operating Expenses	809.8	739.5	520.4	521.7
Operating Income	653.1	560.8	486.5	416.1
Interest Expense	-371.9	-351.3	-295.2	-314.5
Currency Exchange Gain (Loss)	2.1	2.1	2.9	-
Other Non Operating Income (Expenses)	-9.3	-	-0.7	1.3
EBT Excluding Unusual Items	274	211.6	193.5	102.9
Merger & Restructuring Charges	-29.1	-28.9	-10.7	-17.3
Gain (Loss) on Sale of Investments	1.9	1.9	3.1	-
Gain (Loss) on Sale of Assets	1.3	1.3	-1	0.6
Other Unusual Items	0.4	0.4	-	2
Pretax Income	254.2	192	189.2	88.2
Income Tax Expense	91	66.3	35.6	38.1
Earnings From Continuing Operations	163.2	125.7	153.6	50.1
Earnings From Discontinued Operations	-2.4	-1.4	82.6	26.4
Net Income to Company	160.8	124.3	236.2	76.5
Minority Interest in Earnings	-21	-27.3	-61	-18.3
Net Income	139.8	97	175.2	58.2
Net Income to Common	139.8	97	175.2	58.2
Net Income Growth	-	-44.64%	201.03%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Free Cash Flow	430.1	439.8	-10.3	262
Gross Margin	39.06%	38.93%	38.36%	36.69%
Operating Margin	17.44%	16.79%	18.54%	16.28%
Profit Margin	3.73%	2.90%	6.68%	2.28%
Free Cash Flow Margin	11.48%	13.17%	-0.39%	10.25%
EBITDA	868.3	750.8	627.3	564.3
EBITDA Margin	23.18%	22.48%	23.90%	22.08%
D&A For EBITDA	215.2	190	140.8	148.2
EBIT	653.1	560.8	486.5	416.1
EBIT Margin	17.44%	16.79%	18.54%	16.28%
Effective Tax Rate	35.80%	34.53%	18.82%	43.20%

SEC Filings: 10-K · 10-Q