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	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	3,973	3,340	2,625	2,556
Revenue Growth	-	27.26%	2.68%	-
Cost of Revenue	2,459	2,040	1,618	1,618
Gross Profit	1,514	1,300	1,007	937.8
Selling, General & Admin	543.2	473.3	388.6	390.7
Amortization of Goodwill & Intangibles	162.4	141.6	101	104.9
Other Operating Expenses	13.1	4.1	-	3
Operating Expenses	839.2	739.5	520.4	521.7
Operating Income	674.8	560.8	486.5	416.1
Interest Expense	-308.7	-351.3	-295.2	-314.5
Currency Exchange Gain (Loss)	2.1	2.1	2.9	-
Other Non Operating Income (Expenses)	-62.8	-	-0.7	1.3
EBT Excluding Unusual Items	305.4	211.6	193.5	102.9
Merger & Restructuring Charges	-17.3	-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	297.4	192	189.2	88.2
Income Tax Expense	85.8	66.3	35.6	38.1
Earnings From Continuing Operations	211.6	125.7	153.6	50.1
Earnings From Discontinued Operations	-0.2	-1.4	82.6	26.4
Net Income to Company	211.4	124.3	236.2	76.5
Minority Interest in Earnings	-9	-27.3	-61	-18.3
Net Income	202.4	97	175.2	58.2
Net Income to Common	202.4	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	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Free Cash Flow	427.1	439.8	-10.3	262
Gross Margin	38.10%	38.93%	38.36%	36.69%
Operating Margin	16.98%	16.79%	18.54%	16.28%
Profit Margin	5.09%	2.90%	6.68%	2.28%
Free Cash Flow Margin	10.75%	13.17%	-0.39%	10.25%
EBITDA	889.4	750.8	627.3	564.3
EBITDA Margin	22.38%	22.48%	23.90%	22.08%
D&A For EBITDA	214.6	190	140.8	148.2
EBIT	674.8	560.8	486.5	416.1
EBIT Margin	16.98%	16.79%	18.54%	16.28%
Effective Tax Rate	28.85%	34.53%	18.82%	43.20%

SEC Filings: 10-K · 10-Q