Madison Air Solutions Corporation (MAIR) Financial Statements
Madison Air Solutions financial statements at a glance
Madison Air Solutions reported revenue of $3.52 billion for fiscal year 2025 (ended December 31, 2025), up 34.1% from fiscal year 2024. Net income was $30.80 million, a net margin of 0.9%, and diluted earnings per share were $0.35.
At the end of fiscal year 2025 it had total assets of $8.18 billion, total liabilities of $8.10 billion and shareholders' equity of -$37.00 million, with cash and short-term investments of $208.40 million and total debt of $5.65 billion.
Its operations brought in $480.40 million of cash; capital spending was $40.60 million, leaving free cash flow of $439.80 million.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 3 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Madison Air Solutions Corporation
Income Statement
Annual • USD
Madison Air Solutions key figures by fiscal year
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Revenue | $3.5B | $2.6B | $2.6B |
| Gross profit | $1.4B | $1.0B | $937.8M |
| Operating income | $501.6M | $486.5M | $418.8M |
| Net income | $30.8M | $175.2M | $58.2M |
| Diluted EPS | $0.35 | $0.36 | $0.12 |
| Total assets | $8.2B | $5.5B | $6.4B |
| Total liabilities | $8.1B | $5.5B | $5.2B |
| Shareholders' equity | -$37.0M | -$58.1M | $1.0B |
| Cash and short-term investments | $208.4M | $419.2M | $301.9M |
| Total debt | $5.7B | $4.2B | $4.1B |
| Operating cash flow | $480.4M | $17.9M | $288.1M |
| Capital spending | $40.6M | $28.2M | $26.1M |
| Free cash flow | $439.8M | -$10.3M | $262.0M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2023.
Questions and answers
What was Madison Air Solutions's revenue in fiscal year 2025?
$3.52 billion, up 34.1% from $2.62 billion in fiscal year 2024.
How much profit does Madison Air Solutions make?
Madison Air Solutions reported net income of $30.80 million for fiscal year 2025 (0.9% of revenue); operating income was $501.60 million.
How much cash and debt does Madison Air Solutions have?
At the end of fiscal year 2025: cash and short-term investments of $208.40 million and total debt of $5.65 billion.
What is Madison Air Solutions's free cash flow?
$439.80 million in fiscal year 2025 (operating cash flow of $480.40 million minus capital spending of $40.60 million).
