FGI Industries (NASDAQ:FGI) and Madison Air Solutions (NYSE:MAIR) Head to Head Survey

Madison Air Solutions (NYSE:MAIR) and FGI Industries (NASDAQ:FGI) are both industrials companies, but which is the better stock? We will compare the two companies based on the strength of their risk, institutional ownership, analyst recommendations, earnings, dividends, valuation and profitability.

Analyst Ratings

This is a breakdown of recent ratings and recommmendations for Madison Air Solutions and FGI Industries, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Madison Air Solutions	1	4	7	2	2.71
FGI Industries	1	1	1	0	2.00

Madison Air Solutions currently has a consensus price target of $44.00, suggesting a potential upside of 71.67%. FGI Industries has a consensus price target of $13.00, suggesting a potential upside of 92.31%. Given FGI Industries’ higher probable upside, analysts clearly believe FGI Industries is more favorable than Madison Air Solutions.

Earnings & Valuation

This table compares Madison Air Solutions and FGI Industries”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Madison Air Solutions	$3.92 billion	3.28	$97.00 million	$83,088.31	0.00
FGI Industries	$130.53 million	0.10	-$6.14 million	($2.08)	-3.25

Madison Air Solutions has higher revenue and earnings than FGI Industries. FGI Industries is trading at a lower price-to-earnings ratio than Madison Air Solutions, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Madison Air Solutions and FGI Industries’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Madison Air Solutions	N/A	N/A	N/A
FGI Industries	-3.07%	10.02%	2.28%

Summary

Madison Air Solutions beats FGI Industries on 9 of the 12 factors compared between the two stocks.

About Madison Air Solutions

We take up to 25,000 breaths a day and spend up to 90% of our lives indoors, often breathing air that’s two to five times more polluted than outdoor air. Clean air is absolutely essential to human life, yet most people rarely think about the air we breathe at home, in our schools, in healthcare facilities and in the workplace. Poor air quality doesn’t just affect comfort; it undermines health, productivity and performance. Improving air quality is a fundamental principle that is a key tenet in everything we do. At Madison Air, we see air differently. Our mission is to make the world safer, healthier and more productive through the power of better air. We’ve built a business that transforms air into tangible outcomes for customers, creating the potential for long-term growth opportunities for investors. We believe Madison Air is a leader in the mission-critical indoor air solutions market, powered by differentiated advanced technologies that deliver superior air quality and tangible results: higher productivity, lower energy costs and improved operational performance in the most demanding environments. From protecting uptime in a data center with Nortek Data Center Cooling, to purifying air in a semiconductor fabrication facility with Nortek Air Solutions, to keeping families safer with AprilAire’s Healthy Air System and improving workplace productivity, health and retention with Big Ass Fans – better air delivers better outcomes. That’s the Madison Air advantage. We believe our sustainable growth is powered by our resilient, diversified model spanning both Commercial and Residential markets. For the year ended December 31, 2025, Madison Air generated $3.3 billion of net sales and $124.3 million of net income, with 3.7% of net income (loss) margin, 26.7% Adjusted EBITDA Margin, 381.9% operating cash flow conversion from continuing operations, and 351.8% free cash flow (“FCF”) conversion. On a Pro Forma basis, for the year ended December 31, 2025, Madison Air generated $3.5 billion of net sales and $58.1 million of net income, with 1.7% of net income (loss) margin and 26.6% Adjusted EBITDA Margin. Adjusted EBITDA Margin and FCF conversion are non-GAAP financial measures. For the definition and a reconciliation of these measures to the most directly comparable financial measures calculated and presented in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). Anchored by a large installed base, approximately half of net sales for the year ended December 31, 2025, came from replacement and upgrade demand and approximately 10% from aftermarket parts and services, providing stability across cycles. Our success is powered by a team of over 8,650 employees with an entrepreneurial mindset committed to innovation, precision and customer success. Our principal executive offices are located in Chicago, Illinois.

About FGI Industries

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names. It sells its products through home center retailers, online retailers, distributors, and independent dealers. The company was incorporated in 2021 and is headquartered in East Hanover, New Jersey. FGI Industries Ltd. is a subsidiary of Foremost Groups Ltd.