WallStSmart

Madison Air Solutions Corporation (MAIR)vsWaters Corporation (WAT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Madison Air Solutions Corporation generates 6% more annual revenue ($3.34B vs $3.17B). WAT leads profitability with a 20.3% profit margin vs 2.9%. WAT trades at a lower P/E of 28.6x. WAT earns a higher WallStSmart Score of 60/100 (C).

MAIR

Avoid

35

out of 100

Grade: F

Growth: 5.3Profit: 6.5Value: 4.0Quality: 5.0

WAT

Buy

60

out of 100

Grade: C

Growth: 4.0Profit: 9.0Value: 5.7Quality: 6.8
Piotroski: 4/9Altman Z: 4.92

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MAIR0 strengths · Avg: 0/10

No standout strengths identified

WAT4 strengths · Avg: 9.5/10
Operating MarginProfitability
33.8%10/10

Strong operational efficiency at 33.8%

Altman Z-ScoreHealth
4.9210/10

Safe zone — low bankruptcy risk

Return on EquityProfitability
29.3%9/10

Every $100 of equity generates 29 in profit

Profit MarginProfitability
20.3%9/10

Keeps 20 of every $100 in revenue as profit

Areas to Watch

MAIR4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
0.0%4/10

0.0% revenue growth

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Profit MarginProfitability
2.9%3/10

2.9% margin — thin

P/E RatioValuation
114.8x2/10

Premium valuation, high expectations priced in

WAT3 concerns · Avg: 3.3/10
P/E RatioValuation
28.6x4/10

Moderate valuation

Price/BookValuation
8.1x4/10

Trading at 8.1x book value

EPS GrowthGrowth
-3.1%2/10

Earnings declined 3.1%

Comparative Analysis Report

WallStSmart Research

Bull Case : MAIR

MAIR has a balanced fundamental profile.

Bull Case : WAT

The strongest argument for WAT centers on Operating Margin, Altman Z-Score, Return on Equity. Profitability is solid with margins at 20.3% and operating margin at 33.8%. PEG of 1.34 suggests the stock is reasonably priced for its growth.

Bear Case : MAIR

The primary concerns for MAIR are Revenue Growth, EPS Growth, Profit Margin. A P/E of 114.8x leaves little room for execution misses. Thin 2.9% margins leave little buffer for downturns.

Bear Case : WAT

The primary concerns for WAT are P/E Ratio, Price/Book, EPS Growth.

Key Dynamics to Monitor

MAIR profiles as a value stock while WAT is a mature play — different risk/reward profiles.

WAT is growing revenue faster at 6.8% — sustainability is the question.

MAIR generates stronger free cash flow (440M), providing more financial flexibility.

Monitor BUILDING PRODUCTS & EQUIPMENT industry trends, competitive dynamics, and regulatory changes.

Bottom Line

WAT scores higher overall (60/100 vs 35/100), backed by strong 20.3% margins. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Madison Air Solutions Corporation

INDUSTRIALS · BUILDING PRODUCTS & EQUIPMENT · USA

None

Waters Corporation

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

Waters Corporation is a publicly traded Analytical Laboratory instrument and software company headquartered in Milford, Massachusetts.

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