WallStSmart

AAON Inc (AAON)vsMadison Air Solutions Corporation (MAIR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Madison Air Solutions Corporation generates 121% more annual revenue ($3.57B vs $1.62B). AAON leads profitability with a 7.3% profit margin vs 2.6%. AAON trades at a lower P/E of 78.5x. AAON earns a higher WallStSmart Score of 55/100 (C).

AAON

Buy

55

out of 100

Grade: C

Growth: 9.3Profit: 5.5Value: 3.3Quality: 7.0
Piotroski: 2/9Altman Z: 2.89

MAIR

Hold

44

out of 100

Grade: D

Growth: 7.3Profit: 7.0Value: 4.0Quality: 3.5
Piotroski: 3/9Altman Z: 0.70
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AAONUndervalued (+9.9%)

Margin of Safety

+9.9%

Fair Value

$114.04

Current Price

$84.87

$29.17 discount

UndervaluedFair: $114.04Overvalued

Intrinsic value data unavailable for MAIR.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AAON2 strengths · Avg: 9.0/10
Revenue GrowthGrowth
54.3%10/10

Revenue surging 54.3% year-over-year

EPS GrowthGrowth
37.1%8/10

Earnings expanding 37.1% YoY

MAIR2 strengths · Avg: 10.0/10
Return on EquityProfitability
277.5%10/10

Every $100 of equity generates 277 in profit

Revenue GrowthGrowth
33.8%10/10

Revenue surging 33.8% year-over-year

Areas to Watch

AAON4 concerns · Avg: 2.5/10
Profit MarginProfitability
7.3%3/10

7.3% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
3.352/10

Expensive relative to growth rate

P/E RatioValuation
78.5x2/10

Premium valuation, high expectations priced in

MAIR4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Profit MarginProfitability
2.6%3/10

2.6% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

P/E RatioValuation
98.8x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : AAON

The strongest argument for AAON centers on Revenue Growth, EPS Growth. Revenue growth of 54.3% demonstrates continued momentum.

Bull Case : MAIR

The strongest argument for MAIR centers on Return on Equity, Revenue Growth. Revenue growth of 33.8% demonstrates continued momentum.

Bear Case : AAON

The primary concerns for AAON are Profit Margin, Piotroski F-Score, PEG Ratio. A P/E of 78.5x leaves little room for execution misses.

Bear Case : MAIR

The primary concerns for MAIR are EPS Growth, Profit Margin, Piotroski F-Score. A P/E of 98.8x leaves little room for execution misses. Debt-to-equity of 510.88 is elevated, increasing financial risk.

Key Dynamics to Monitor

AAON is growing revenue faster at 54.3% — sustainability is the question.

MAIR generates stronger free cash flow (50M), providing more financial flexibility.

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

Bottom Line

AAON scores higher overall (55/100 vs 44/100) and 54.3% revenue growth. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

AAON Inc

INDUSTRIALS · BUILDING PRODUCTS & EQUIPMENT · USA

AAON, Inc. engages in the engineering, manufacturing, marketing and sales of heating and air conditioning equipment in the United States and Canada. The company is headquartered in Tulsa, Oklahoma.

Madison Air Solutions Corporation

INDUSTRIALS · BUILDING PRODUCTS & EQUIPMENT · USA

Madison Air Solutions Corporation (MAIR) operates at the forefront of the HVAC industry, offering state-of-the-art air handling and ventilation systems tailored for both residential and commercial applications. Committed to delivering high-efficiency air quality solutions, the company emphasizes energy conservation and indoor environmental enhancement, aligning with global sustainability initiatives. With a diverse portfolio of innovative products and strategic alliances, Madison Air is well-positioned for robust growth in response to the rising demand for eco-friendly HVAC solutions. As the market landscape evolves, MAIR is strategically poised to harness its technological expertise and solid market presence to seize emerging opportunities.

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