WallStSmart

Apogee Enterprises Inc (APOG)vsMadison Air Solutions Corporation (MAIR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Madison Air Solutions Corporation generates 154% more annual revenue ($3.57B vs $1.40B). APOG leads profitability with a 3.9% profit margin vs 2.6%. APOG trades at a lower P/E of 14.8x. APOG earns a higher WallStSmart Score of 63/100 (C+).

APOG

Buy

63

out of 100

Grade: C+

Growth: 5.3Profit: 5.5Value: 6.0Quality: 6.5
Piotroski: 5/9Altman Z: 2.68

MAIR

Hold

44

out of 100

Grade: D

Growth: 7.3Profit: 7.0Value: 4.0Quality: 5.0
Piotroski: 3/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

APOGOvervalued (-8.4%)

Margin of Safety

-8.4%

Fair Value

$38.45

Current Price

$37.01

$1.44 premium

UndervaluedFair: $38.45Overvalued

Intrinsic value data unavailable for MAIR.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

APOG3 strengths · Avg: 8.7/10
EPS GrowthGrowth
574.0%10/10

Earnings expanding 574.0% YoY

P/E RatioValuation
14.8x8/10

Attractively priced relative to earnings

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

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

APOG3 concerns · Avg: 3.3/10
Revenue GrowthGrowth
1.6%4/10

1.6% revenue growth

Market CapQuality
$797.03M3/10

Smaller company, higher risk/reward

Profit MarginProfitability
3.9%3/10

3.9% margin — thin

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
111.5x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : APOG

The strongest argument for APOG centers on EPS Growth, P/E Ratio, Price/Book. PEG of 1.18 suggests the stock is reasonably priced for its growth.

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 : APOG

The primary concerns for APOG are Revenue Growth, Market Cap, Profit Margin. Thin 3.9% margins leave little buffer for downturns.

Bear Case : MAIR

The primary concerns for MAIR are EPS Growth, Profit Margin, Piotroski F-Score. A P/E of 111.5x leaves little room for execution misses. Thin 2.6% margins leave little buffer for downturns.

Key Dynamics to Monitor

APOG profiles as a value stock while MAIR is a hypergrowth play — different risk/reward profiles.

MAIR is growing revenue faster at 33.8% — 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

APOG scores higher overall (63/100 vs 44/100). 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.

Apogee Enterprises Inc

INDUSTRIALS · BUILDING PRODUCTS & EQUIPMENT · USA

Apogee Enterprises, Inc. designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company is headquartered in Minneapolis, Minnesota.

Madison Air Solutions Corporation

INDUSTRIALS · BUILDING PRODUCTS & EQUIPMENT · USA

Madison Air Solutions Corporation (MAIR) is a leading provider of innovative air handling and ventilation systems tailored for both residential and commercial applications. The company focuses on delivering high-efficiency air quality solutions that are designed to reduce energy consumption while enhancing indoor environmental quality. With a commitment to sustainability and cutting-edge technology, Madison Air continues to expand its market presence, driven by a strong pipeline of innovative products and strategic partnerships. As the demand for energy-efficient and environmentally-friendly solutions grows, MAIR is well-positioned to capitalize on emerging market opportunities in the HVAC industry.

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