Madison Air Solutions Corp
MAIRIndustrials·Building Products & Equipment·USA·Large·NYSE·Nov 11 • 3:59 PM ET
24.06+0.12 (0.50%)
2026-11-11 23:51 CET
Market cap
12,011.25 USD m
Revenue, TTM
1,126.70 USD m
Net income, TTM
107.40 USD m
Free cash flow, TTM
156.00 USD m
EPS diluted, TTM
0.18
P/E
-
Price
MAIR against its 20 and 50-day averages2050miss
45.9% under the 52-week high of 44.50 on 2 Jun 2026. 52-week low 20.85 on 6 Nov 2026. Last 15 sessions, 21.9% high to low
Volume 0.68× normal · the line is the 50-bar volume average
Profile
MAIR52-week range, 14% of the way up
20.8544.50
Madison Air Solutions Corp. engages in the design and manufacture of indoor air quality and HVAC systems. It operates through the Commercial and Residential segments. The Commercial segment serves specific environments where air quality is essential. The Residential segment focuses on air solutions for family homes. The company was founded by Larry W. Gies in 2017 and is headquartered in Chicago, IL.
| Employees | 8650 |
|---|---|
| IPO | Apr 16, 2026 |
| ATR, 14d | 1.45 |
| Rel volume | 0.68 |
| Short float | 8.21% |
| Insider own | 78.41% |
| Inst own | 29.23% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 12.07B |
| Enterprise Value | 12.62B |
| Income | - |
| Sales | - |
| Book/sh | 10.08 |
| Cash/sh | 5.27 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 8650 |
| IPO | Apr 16, 2026 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | 19.39 |
| PEG | 1.07 |
| P/S | - |
| P/B | 2.39 |
| P/C | 4.56 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 3.77 |
| Current Ratio | 4.30 |
| Debt/Eq | 0.53 |
| LT Debt/Eq | 0.53 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | - |
|---|---|
| EPS next Y | 1.24 |
| EPS next Q | 0.26 |
| EPS this Y | 32.09% |
| EPS next Y | 12.52% |
| EPS next 5Y | 18.14% |
| EPS past 3/5Y | 30.03% - |
| Sales past 3/5Y | 14.31% - |
| EPS Y/Y TTM | - |
| Sales Y/Y TTM | - |
| EPS Q/Q | 381.17% |
| Sales Q/Q | 37.47% |
| Earnings | Nov 05 BMO |
| EPS/Sales Surpr. | 30.14% 6.54% |
Ownership
| Insider Own | 78.41% |
|---|---|
| Insider Trans | 2.29% |
| Inst Own | 29.23% |
| Inst Trans | 129.22% |
| ROA | - |
| ROE | - |
| ROIC | - |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | 2.52% |
| SMA50 | -0.34% |
| SMA200 | -24.15% |
| Trades | - |
Technical
| Shs Outstand | 267.67M |
|---|---|
| Shs Float | 108.33M |
| Short Float | 8.21% |
| Short Ratio | 3.38 |
| Short Interest | 8.89M |
| 52W High | 44.50 -45.93% |
| 52W Low | 20.85 15.40% |
| Volatility | 10.31% 5.97% |
| ATR (14) | 1.45 |
| RSI (14) | 51.06 |
| Beta | - |
| Rel Volume | 0.68 |
| Avg Volume | 2.63M |
| Volume | 1,783,446 |
Performance
| Perf Week | 1.91% |
|---|---|
| Perf Month | -0.08% |
| Perf Quarter | -23.96% |
| Perf Half Y | -43.39% |
| Perf YTD | -24.81% |
| Perf Year | - |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.45 |
| Target Price | 34.00 |
| Prev Close | 23.94 |
| Price | 24.06 |
| Change % | 0.50% |
Analyst ratings
latest 10 of 11| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| May 11, 2026 | Initiated | WWolfe Research | Peer Perform | ||
| May 11, 2026 | Initiated | WWilliam Blair | Outperform | ||
| May 11, 2026 | Initiated | WWells Fargo | Overweight | $47 | +95.3% |
| May 11, 2026 | Initiated | VVertical Research | Buy | $50 | +107.8% |
| May 11, 2026 | Initiated | SStifel | Buy | $47 | +95.3% |
| May 11, 2026 | Initiated | RRobert W. Baird | Outperform | $48 | +99.5% |
| May 11, 2026 | Initiated | RRBC Capital Mkts | Outperform | $48 | +99.5% |
| May 11, 2026 | Initiated | GGoldman | Neutral | $44 | +82.9% |
| May 11, 2026 | Initiated | CCitigroup | Buy | $49 | +103.7% |
| May 11, 2026 | Initiated | BBofA Securities | Buy | $47 | +95.3% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| LII | Lennox International Inc | 12.00B |
| AAON | AAON Inc | 6.29B |
| CARR | Carrier Global Corp | 44.66B |
| JCI | Johnson Controls International plc | 87.60B |
| TT | Trane Technologies plc | 93.00B |
| SPXC | SPX Technologies Inc | 7.71B |
| CSL | Carlisle Companies Inc | 15.37B |
| MAS | Masco Corp | 16.37B |
| OC | Owens Corning | 9.44B |
| AWI | Armstrong World Industries Inc | 7.39B |
Insider trading
2 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| BERTARELLI ERNESTO | 10% Owner | Aug 25 '26 | Buy | 24.97 | 8,770,524 | 218,999,984 | 46,387,522 | Aug 27 04:15 PM |
| La Force Andrew Hudson III | Director | Aug 25 '26 | Buy | 27.84 | 20,000 | 556,800 | 36,713 | Aug 26 12:17 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| VB | Vanguard Morningstar Small-Cap ETF | AUM: 79.59B |
| BLCR | iShares Large Cap Core Active ETF | AUM: 9.73B |
| VBK | Vanguard Morningstar Small-Cap Growth ETF | AUM: 22.34B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| SCHA | Schwab U.S. Small-Cap ETF | AUM: 22.25B |
| VIS | Vanguard Industrials ETF | AUM: 7.76B |
| ITOT | iShares Core S&P Total U.S. Stock Market ETF | AUM: 95.28B |
| JHMM | John Hancock Multifactor Mid Cap ETF | AUM: 6.16B |
| SCHB | Schwab U.S. Broad Market ETF | AUM: 44.09B |
News
latest 14 of 64- Zephyr Introduces the Alto Wall Custom Hood (PR Newswire)
- Madison Air Beats And Lifts Its Sales Outlook Again, But Data Center Growth Is Costing It Margin (Earnings Whispers) -9.28%
- Madison Air Reports Third Quarter 2026 Results (PR Newswire)
- Madison Air Must Prove Margin Recovery As Stock Slumps Despite Record Backlog (Earnings Whispers)
- Madison Air Schedules Third Quarter 2026 Earnings Conference Call and Webcast (PR Newswire)
- AprilAire Launches TriPure Technology for Homeowners Focused on Indoor Air Quality (PR Newswire)
- Innovation Beyond Installation: Zephyr HyperCore Induction Cooktop Introduces New Software (PR Newswire)
- The Heat Tax: Study Shows Industrial Airflow Offsets Extreme Heat Strain on Factory Floors (Business Wire)
- Madison Air Announces $2.250 Billion Private Placement (PR Newswire) +12.09%
- Zephyr Introduces the Presrv Gourmet Clear Ice Machine (PR Newswire)
- Big Ass Fans maker to acquire Ebm-Papst for $5.4B (Manufacturing Dive)
- Madison Air to Buy Airflow-Technologies Company for $5.4 Billon (The Wall Street Journal) -5.47%
- Madison Air to Acquire ebm-papst, Expanding Return on Air Capabilities and Accelerating Durable Growth in Air Quality Solutions (PR Newswire)
- Madison Air Reports Second Quarter 2026 Results (PR Newswire) -7.90%
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-05 | 0.380 | 0.292 | 0.200 | 1,127 | 1,058 | 12 |
| 2026Q2 | 2026-07-30 | 0.310 | 0.243 | 0.117 | 991.3 | 939.13 | 12 |
| 2026Q1 | 2026-05-12 | 0.191 | 0.137 | 0.057 | 923.91 | 849.88 | 12 |
| 2026Q4 | - | - | 0.258 | - | - | 1,056 | 12 |
| 2027Q1 | - | - | 0.251 | - | - | 1,007 | 7 |
| 2027Q2 | - | - | 0.298 | - | - | 1,079 | 6 |
| 2027Q3 | - | - | 0.344 | - | - | 1,180 | 6 |
| 2027Q4 | - | - | 0.304 | - | - | 1,119 | 5 |
| 2028Q1 | - | - | 0.270 | - | - | 1,086 | 1 |
| 2028Q2 | - | - | 0.320 | - | - | 1,173 | 1 |
| 2028Q3 | - | - | 0.370 | - | - | 1,324 | 1 |
| 2028Q4 | - | - | 0.320 | - | - | 1,224 | 1 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2025FY | 0.786 | - | 0.413 | 3,340 | - |
| 2026FY | - | 1.103 | - | - | 4,078 |
| 2027FY | - | 1.241 | - | - | 4,463 |
| 2028FY | - | 1.377 | - | - | 4,804 |
| 2029FY | - | 1.720 | - | - | 5,560 |
| 2030FY | - | 1.700 | - | - | 5,824 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-11-06 | 12 | 9 | 2 | 1,056 | 1,032 | 1,075 |
| 2026Q4 | S | 2026-11-05 | 12 | 7 | 2 | 1,044 | 979 | 1,075 |
| 2026Q4 | S | 2026-10-23 | 12 | 8 | 0 | 1,031 | 979 | 1,085 |
| 2026Q4 | S | 2026-10-16 | 12 | 6 | 1 | 1,022 | 979 | 1,085 |
| 2026Q4 | S | 2026-10-14 | 12 | 5 | 1 | 1,017 | 977.2 | 1,085 |
| 2026Q4 | S | 2026-10-13 | 12 | 5 | 2 | 1,017 | 977.2 | 1,085 |
| 2026Q4 | S | 2026-10-09 | 12 | 7 | 2 | 1,017 | 977.2 | 1,085 |
| 2026Q4 | S | 2026-10-06 | 12 | 7 | 2 | 1,007 | 977.2 | 1,058 |
| 2026Q4 | S | 2026-10-05 | 12 | 7 | 2 | 1,004 | 977.2 | 1,058 |
| 2026Q4 | S | 2026-10-02 | 12 | 6 | 3 | 998.61 | 969 | 1,058 |
| 2026Q4 | S | 2026-09-28 | 12 | 5 | 3 | 994.99 | 969 | 1,058 |
| 2026Q4 | S | 2026-09-09 | 12 | 6 | 2 | 997.83 | 969 | 1,058 |
| 2026Q4 | S | 2026-09-04 | 12 | 6 | 2 | 997.79 | 969 | 1,058 |
| 2026Q4 | S | 2026-08-03 | 12 | 6 | 2 | 997.54 | 969 | 1,058 |
Estimate history
| EPS, annual | 0.098 | -0.174 | 0.166 | |||
|---|---|---|---|---|---|---|
| Period | 2023 | 2024 | 2025 | |||
| EPS, quarterly | 0.062 | 0.038 | 0.079 | 0.057 | 0.117 | 0.181 |
| Period | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Sales, annual | 2556.2 | 2624.7 | 3340.1 | |||
| Period | 2023 | 2024 | 2025 | |||
| Sales, quarterly | 690.4 | 819.6 | 898.4 | 923.7 | 991.3 | 1126.7 |
| Period | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Shares, annual | 592.051 | 592.051 | 592.051 | 592.051 | ||
| Period | 2023 | 2024 | 2025 | MRQ | ||
| Shares, quarterly | 592.051 | 592.051 | 592.051 | 592.051 | 592.051 | 592.051 |
| Period | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY |
|---|---|---|---|---|
| Total Revenue | 1,126.70 | 3,340.10 | 2,624.70 | 2,556.20 |
| Cost of Goods Sold Incl. D&A | 745.80 | 2,195.10 | 1,712.30 | 1,723.30 |
| Gross Profit | 380.90 | 1,145.00 | 912.40 | 832.90 |
| Selling, General and Administrative Excl. Other | 149.20 | 473.30 | 388.60 | 390.70 |
| Research and Development | - | 63.90 | 49.70 | 46.10 |
| Other Operating Expense | 16.90 | 111.80 | 34.80 | 26.10 |
| Operating Income | 214.80 | 559.90 | 489.00 | 416.10 |
| Interest Expense | 37.30 | 360.70 | 301.00 | 314.50 |
| Unusual Expense | 1.80 | 23.20 | 3.10 | 14.40 |
| Net Income Before Taxes | 127.60 | 192.00 | 189.20 | 88.20 |
| Income Taxes | 20.20 | 66.30 | 35.60 | 38.10 |
| Consolidated Net Income | 107.40 | 125.70 | 153.60 | 50.10 |
| Net Income From Continuing Operations | 107.40 | 98.40 | 92.60 | 31.80 |
| Net Income | 107.40 | 98.40 | -103.10 | 58.20 |
| EPS (Recurring) | 0.18 | 0.19 | -0.17 | 0.12 |
| EPS (Basic, Before Extraordinaries) | 0.18 | 0.17 | -0.17 | 0.10 |
| EPS (Diluted) | 0.18 | 0.17 | -0.17 | 0.10 |
| EBITDA | 267.40 | 749.90 | 629.80 | 564.30 |
| Non-Operating Income (Expense) | -48.10 | 16.00 | 4.30 | 1.00 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Margin | - | 34.28 | 34.76 | 32.58 |
| Operating Margin | - | 16.76 | 18.63 | 16.28 |
| Net Margin | - | 2.95 | -3.93 | 2.28 |
| Shares Outstanding | 592.05 | 592.05 | 592.05 | 592.05 |
| Market Capitalization | 12,011.25 | 12,011.25 | - | - |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Total Revenue | 1,126.70 | 991.30 | 923.70 | 898.40 | 819.60 | 690.40 |
| Cost of Goods Sold Incl. D&A | 745.80 | 645.60 | 612.50 | 580.80 | 531.70 | 461.00 |
| Gross Profit | 380.90 | 345.70 | 311.20 | 317.60 | 287.90 | 229.40 |
| Selling, General and Administrative Excl. Other | 149.20 | 149.30 | 154.30 | 135.00 | 142.30 | 105.60 |
| Other Operating Expense | 16.90 | 0.50 | 0.10 | 0.80 | 10.90 | 0.00 |
| Operating Income | 214.80 | 195.90 | 156.80 | 181.80 | 134.70 | 123.80 |
| Interest Expense | 37.30 | 85.30 | 91.30 | 103.10 | 91.70 | 67.50 |
| Unusual Expense | 1.80 | 0.60 | 6.30 | 0.80 | 2.60 | 0.90 |
| Net Income Before Taxes | 127.60 | 111.10 | 60.30 | 84.40 | 49.30 | 59.90 |
| Income Taxes | 20.20 | 40.60 | 17.30 | 25.40 | 18.50 | 14.70 |
| Consolidated Net Income | 107.40 | 70.50 | 43.00 | 59.00 | 30.80 | 45.20 |
| Net Income From Continuing Operations | 107.40 | 69.20 | 33.60 | 47.00 | 22.30 | 36.70 |
| Net Income | 107.40 | 69.20 | 33.60 | 47.00 | 22.30 | 36.70 |
| EPS (Recurring) | 0.18 | 0.12 | 0.06 | 0.08 | 0.04 | 0.06 |
| EPS (Basic, Before Extraordinaries) | 0.18 | 0.12 | 0.06 | 0.08 | 0.04 | 0.06 |
| EPS (Diluted) | 0.18 | 0.12 | 0.06 | 0.08 | 0.04 | 0.06 |
| EBITDA | 267.40 | 249.60 | 210.70 | 235.00 | 181.90 | 159.10 |
| Non-Operating Income (Expense) | -48.10 | 1.10 | 1.10 | 6.50 | 8.90 | 4.50 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Margin | 33.81 | 34.87 | 33.69 | 35.35 | 35.13 | 33.23 |
| Operating Margin | 19.06 | 19.76 | 16.98 | 20.24 | 16.43 | 17.93 |
| Net Margin | 9.53 | 6.98 | 3.64 | 5.23 | 2.72 | 5.32 |
| Shares Outstanding | 592.05 | 592.05 | 592.05 | 592.05 | 592.05 | 592.05 |
| Market Capitalization | 12,011.25 | 19,549.45 | 18,627.12 | - | - | - |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY |
|---|---|---|---|
| Cash & Short Term Investments | 208.40 | 419.20 | - |
| Short Term Receivables | 476.30 | 404.50 | - |
| Inventories | 408.40 | 293.30 | - |
| Other Current Assets | 42.90 | 35.10 | - |
| Total Current Assets | 1,136.00 | 1,152.10 | - |
| Net Property, Plant & Equipment | 478.50 | 328.90 | - |
| Total Investments and Advances | 0.00 | 6.90 | - |
| Long-Term Note Receivable | 1.40 | - | - |
| Intangible Assets | 6,550.30 | 3,958.90 | - |
| Other Assets | 10.90 | 6.20 | - |
| Total Assets | 8,177.10 | 5,453.00 | - |
| Short Term Debt Incl. Current Port. of LT Debt | 47.70 | 47.10 | - |
| Accounts Payable | 260.10 | 212.80 | - |
| Income Tax Payable | 5.40 | 15.10 | - |
| Other Current Liabilities | 368.20 | 246.90 | - |
| Total Current Liabilities | 681.40 | 521.90 | - |
| Long Term Debt | 5,714.80 | 4,188.10 | - |
| Provision for Risks Charges | 29.00 | 23.90 | - |
| Deferred Tax Liabilities | 651.10 | 284.60 | - |
| Other Liabilities | 135.80 | 89.80 | - |
| Total Liabilities | 7,212.10 | 5,108.30 | - |
| Non-Equity Reserves | 0.00 | 0.00 | - |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | - |
| Common Equity | -37.00 | -58.10 | - |
| Total Shareholders Equity | -37.00 | -58.10 | - |
| Accumulated Minority Interest | 1,002.00 | 402.80 | - |
| Total Equity | 965.00 | 344.70 | - |
| Total Liabilities & Stockholders Equity | 8,177.10 | 5,453.00 | - |
| Book Value Per Share | -0.06 | -0.10 | - |
| Tangible Book Value Per Share | -11.13 | -6.78 | - |
| Full-Time Employees | 8,650 | - | - |
| Price to Book Ratio | 2.37 | - | - |
| Return on Assets | 1.44 | - | - |
| Return on Invested Capital | 1.73 | -2.50 | - |
| Quick Ratio | 1.07 | 1.65 | - |
| Current Ratio | 1.67 | 2.21 | - |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY |
|---|---|---|---|---|
| Net Income | 107.40 | 124.30 | 236.20 | 76.50 |
| Depreciation | 52.60 | 190.00 | 140.80 | 148.20 |
| Other Funds (Non Cash) | 11.40 | 137.50 | -283.90 | 46.70 |
| Funds from Operations | 143.30 | 453.10 | 35.50 | 222.70 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 26.80 | 27.30 | -18.70 | 65.40 |
| Cash from Operating Activities | 170.10 | 480.40 | 16.80 | 288.10 |
| Capital Expenditures | -14.10 | -40.60 | -28.20 | -26.10 |
| Net Assets From Acquisitions | 0.00 | -2,300.90 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.10 | 13.10 | 8.30 | 10.00 |
| Purchase or Sale of Investments | 0.00 | 80.50 | -60.70 | -14.80 |
| Purchase of Investments | 0.00 | -39.30 | -210.70 | -14.80 |
| Sale Or Maturity of Investments | 0.00 | 119.80 | 150.00 | 0.00 |
| Other Uses | 0.00 | -95.00 | 0.00 | -3.50 |
| Other Sources | 0.00 | 4.90 | 1,144.80 | 0.00 |
| Cash from Investing Activities | -14.00 | -2,338.00 | 1,064.20 | -34.40 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 2,250.00 | 0.00 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 2,250.00 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 2,250.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | 1.20 | 1,591.10 | -27.80 | -28.60 |
| Change in Long Term Debt | 1.20 | 1,591.10 | -27.80 | -28.60 |
| Issuance of Long Term Debt | 0.00 | 1,817.80 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 1.20 | -226.70 | -27.80 | -28.60 |
| Net Financing Active Other Cash Flow | -23.10 | 135.20 | -1,017.90 | -13.30 |
| Other Financing Activities Uses | -36.20 | -22.30 | -1,017.90 | -13.30 |
| Cash from Financing Activities | 2,228.10 | 1,726.30 | -1,045.70 | -41.90 |
| Exchange Rate Effect | -0.80 | -0.20 | -2.80 | 1.70 |
| Net Change in Cash | 2,383.40 | -131.50 | 32.50 | 213.50 |
| Free Cash Flow | 156.00 | 439.80 | -11.40 | 262.00 |
| Deferred Taxes & Investment Tax Credit | - | 1.30 | -57.60 | -48.70 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 2,645.20 | 261.80 | 228.60 | - | - | - |
| Short Term Receivables | 690.50 | 601.50 | 582.60 | - | - | - |
| Inventories | 483.40 | 460.10 | 422.60 | - | - | - |
| Other Current Assets | 64.50 | 46.50 | 49.30 | - | - | - |
| Total Current Assets | 3,883.60 | 1,369.90 | 1,283.10 | - | - | - |
| Net Property, Plant & Equipment | 489.90 | 490.60 | 503.60 | - | - | - |
| Total Investments and Advances | 14.60 | 7.60 | 3.10 | - | - | - |
| Intangible Assets | 6,419.80 | 6,460.80 | 6,506.10 | - | - | - |
| Other Assets | 41.80 | 17.30 | 13.30 | - | - | - |
| Total Assets | 10,849.70 | 8,346.20 | 8,309.20 | - | - | - |
| Short Term Debt Incl. Current Port. of LT Debt | 27.20 | 25.60 | 49.80 | - | - | - |
| Accounts Payable | 381.90 | 335.90 | 306.80 | - | - | - |
| Income Tax Payable | 0.80 | 4.60 | 1.10 | - | - | - |
| Other Current Liabilities | 492.50 | 385.90 | 367.20 | - | - | - |
| Total Current Liabilities | 902.40 | 752.00 | 724.90 | - | - | - |
| Long Term Debt | 3,165.40 | 3,164.90 | 5,741.20 | - | - | - |
| Provision for Risks Charges | 23.40 | 25.00 | 25.00 | - | - | - |
| Deferred Tax Liabilities | 704.70 | 702.40 | 648.10 | - | - | - |
| Other Liabilities | 83.80 | 51.30 | 138.00 | - | - | - |
| Total Liabilities | 4,879.70 | 4,695.60 | 7,277.20 | - | - | - |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | - | - | - |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | - | - | - |
| Common Equity | 5,969.10 | 3,649.70 | 11.10 | - | - | - |
| Total Shareholders Equity | 5,969.10 | 3,649.70 | 11.10 | - | - | - |
| Accumulated Minority Interest | 0.90 | 0.90 | 1,020.90 | - | - | - |
| Total Equity | 5,970.00 | 3,650.60 | 1,032.00 | - | - | - |
| Total Liabilities & Stockholders Equity | 10,849.70 | 8,346.20 | 8,309.20 | - | - | - |
| Book Value Per Share | 10.08 | 6.16 | 0.02 | - | - | - |
| Tangible Book Value Per Share | -0.76 | -4.75 | -10.97 | - | - | - |
| Price to Book Ratio | 2.37 | 1,761.52 | 1,678.41 | - | - | - |
| Return on Invested Capital | 1.18 | 1.02 | 0.58 | - | - | - |
| Quick Ratio | 3.77 | 1.21 | 1.19 | - | - | - |
| Current Ratio | 4.30 | 1.82 | 1.77 | - | - | - |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Net Income | 107.40 | 70.50 | 43.00 | 56.80 | 30.80 | 46.20 |
| Depreciation | 52.60 | 53.80 | 53.90 | 53.20 | 47.20 | 35.30 |
| Other Funds (Non Cash) | 11.40 | 41.80 | 14.90 | 4.80 | 32.60 | -0.40 |
| Funds from Operations | 143.30 | 179.40 | 108.10 | 129.90 | 100.20 | 78.30 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 26.80 | -85.70 | -50.30 | 32.00 | 5.30 | -23.70 |
| Cash from Operating Activities | 170.10 | 93.70 | 57.80 | 161.90 | 105.50 | 54.60 |
| Capital Expenditures | -14.10 | -9.00 | -8.10 | -12.30 | -6.00 | -4.50 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | -10.80 | -2,278.40 | -11.70 |
| Sale of Fixed Assets and Businesses | 0.10 | 0.10 | 0.00 | 0.70 | 7.80 | 0.20 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 59.80 | 20.70 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -39.30 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 59.80 | 60.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | -95.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | -2.10 | 0.00 | 7.00 |
| Cash from Investing Activities | -14.00 | -8.90 | -8.10 | -24.50 | -2,311.80 | 11.70 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 2,250.00 | 2,667.60 | 0.00 | 0.00 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 2,250.00 | 2,667.60 | 0.00 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 2,250.00 | 2,667.60 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | 1.20 | -2,626.30 | -7.60 | -0.10 | 1,810.60 | -0.60 |
| Change in Long Term Debt | 1.20 | -2,626.30 | -7.60 | -0.10 | 1,810.60 | -0.60 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 9.60 | 1,817.90 | 0.00 |
| Reduction of Long Term Debt | 1.20 | -2,626.30 | -7.60 | -9.70 | -7.30 | -0.60 |
| Net Financing Active Other Cash Flow | -23.10 | -92.80 | -22.30 | 1.10 | 133.80 | 9.60 |
| Other Financing Activities Uses | -36.20 | -109.50 | -36.60 | 13.90 | -13.90 | -0.20 |
| Cash from Financing Activities | 2,228.10 | -51.50 | -29.90 | 1.00 | 1,944.40 | 9.00 |
| Exchange Rate Effect | -0.80 | -0.10 | 0.40 | -0.90 | 0.00 | 0.10 |
| Net Change in Cash | 2,383.40 | 33.20 | 20.20 | 137.50 | -261.90 | 75.40 |
| Free Cash Flow | 156.00 | 84.60 | 50.40 | 149.60 | 99.50 | 50.10 |
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 8.21% | 8.9M | 108.3M | 2.49M |
| 2026-10-15 | 8.54% | 9.3M | 108.3M | 2.79M |
| 2026-09-30 | 9.48% | 10.3M | 108.3M | 2.75M |
| 2026-09-15 | 7.27% | 7.9M | 108.3M | 2.66M |
| 2026-08-31 | 5.61% | 6.1M | 108.2M | 2.38M |
| 2026-08-14 | 4.82% | 5.7M | 117.5M | 1.96M |
| 2026-07-31 | 4.43% | 5.2M | 117.5M | 2.09M |
| 2026-07-15 | 5.10% | 6.0M | 117.2M | 2.90M |
| 2026-06-30 | 10.46% | 12.3M | 117.2M | 3.04M |
| 2026-06-15 | - | 9.1M | - | 3.31M |
| 2026-05-29 | - | 8.1M | - | 4.09M |
| 2026-05-15 | - | 6.7M | - | 5.25M |
| 2026-04-30 | - | 4.3M | - | 8.24M |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 12.50 | 10.60 | 13.20 | 0.00 | 5.260 | 0.00 | 0.00 | 0.928 | -0.106 | 0.005 |
| call | 15.00 | 7.90 | 10.20 | 8.49 | 3.555 | 14.00 | 0.00 | 0.906 | -0.100 | 0.006 |
| call | 17.50 | 5.50 | 7.70 | 0.00 | 2.720 | 0.00 | 0.00 | 0.876 | -0.091 | 0.008 |
| call | 20.00 | 2.60 | 5.40 | 0.00 | 2.144 | 0.00 | 0.00 | 0.828 | -0.079 | 0.010 |
| call | 22.50 | 0.90 | 3.60 | 2.51 | 1.898 | 11.00 | 0.00 | 0.698 | -0.076 | 0.013 |
| call | 25.00 | 0.40 | 0.55 | 0.48 | 0.614 | 794 | 3.00 | 0.370 | -0.051 | 0.014 |
| call | 30.00 | 0.00 | 0.10 | 0.05 | 0.911 | 115 | 0.00 | 0.070 | -0.026 | 0.005 |
| call | 35.00 | 0.00 | 0.25 | 0.00 | 1.372 | 0.00 | 0.00 | 0.050 | -0.030 | 0.004 |
| put | 12.50 | 0.00 | 1.75 | 0.00 | 3.576 | 0.00 | 0.00 | -0.072 | -0.104 | 0.005 |
| put | 15.00 | 0.00 | 0.95 | 0.00 | 2.682 | 0.00 | 0.00 | -0.089 | -0.092 | 0.006 |
| put | 17.50 | 0.00 | 1.75 | 0.50 | 1.999 | 2.00 | 0.00 | -0.118 | -0.083 | 0.007 |
| put | 20.00 | 0.05 | 0.95 | 0.35 | 1.433 | 30.00 | 0.00 | -0.172 | -0.077 | 0.010 |
| put | 22.50 | 0.20 | 0.55 | 0.35 | 0.817 | 89.00 | 27.00 | -0.302 | -0.073 | 0.013 |
| put | 25.00 | 1.30 | 1.50 | 1.35 | 0.645 | 159 | 0.00 | -0.630 | -0.048 | 0.014 |
| put | 30.00 | 4.90 | 6.70 | 0.00 | 1.694 | 0.00 | 0.00 | -0.930 | -0.023 | 0.005 |
| put | 35.00 | 9.90 | 11.50 | 0.00 | 2.113 | 0.00 | 0.00 | -0.950 | -0.026 | 0.004 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-05 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-05 | 8-K | Current report | 2026-11-05 | SEC |
| 2026-11-05 | SCHEDULE 13G | SEC | ||
| 2026-11-05 | SCHEDULE 13G/A | SEC | ||
| 2026-11-04 | SCHEDULE 13G/A | SEC | ||
| 2026-10-28 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-27 | SEC |
| 2026-10-26 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-23 | SEC |
| 2026-08-27 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-25 | SEC |
| 2026-08-27 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-25 | SEC |
| 2026-08-26 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-25 | SEC |
| 2026-08-25 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-21 | SEC |
| 2026-08-25 | 8-K | Current report | 2026-08-25 | SEC |
| 2026-08-17 | 8-K | Current report | 2026-08-15 | SEC |
| 2026-08-10 | SCHEDULE 13G | SEC | ||
| 2026-08-06 | SCHEDULE 13G | SEC | ||
| 2026-07-30 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-07-30 | 8-K | Current report | 2026-07-30 | SEC |
| 2026-07-16 | 4 | Statement of changes in beneficial ownership of securities | 2026-07-15 | SEC |
| 2026-06-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-25 | SEC |
| 2026-06-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-25 | SEC |
| 2026-06-23 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-23 | SEC |
| 2026-06-23 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-23 | SEC |
| 2026-06-18 | 3 | Initial statement of beneficial ownership of securities | 2026-06-17 | SEC |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-16 | SEC |
| 2026-06-16 | 8-K | Current report | 2026-06-12 | SEC |
| 2026-06-05 | 8-K | Current report | 2026-06-04 | SEC |
| 2026-05-19 | 4 | Statement of changes in beneficial ownership of securities | 2026-05-18 | SEC |
| 2026-05-15 | SCHEDULE 13G | SEC | ||
| 2026-05-12 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-05-12 | 8-K | Current report | 2026-05-12 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 219.56M | 2 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| FMR LLC | 3.52% |
| Durable Capital Partners LP | 2.03% |
| Invesco Ltd. | 1.56% |
| BlackRock, Inc. | 1.50% |
| HRTG GPE, LLC | 1.48% |
| CITADEL ADVISORS LLC | 1.29% |
| Pictet Asset Management Holding SA | 1.26% |
| MORGAN STANLEY | 1.16% |
| Zimmer Partners, LP | 0.83% |
| Forest Avenue Capital Management LP | 0.81% |
Funds
| Fund | % owned |
|---|---|
| Fidelity Contrafund | 0.73% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 0.52% |
| VANGUARD SMALL-CAP INDEX FUND | 0.38% |
| Fidelity Growth Company Fund | 0.32% |
| BARINGS CORPORATE INVESTORS | 0.28% |
| Lord Abbett Growth Leaders Fund | 0.28% |
| T. Rowe Price Mid-Cap Growth Fund, Inc. | 0.26% |
| Baron Real Estate Fund | 0.23% |
| VANGUARD SMALL-CAP GROWTH INDEX FUND | 0.22% |
| iShares Large Cap Core Active ETF | 0.21% |
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