Madison Air Solutions (MAIR) vs Perma-Pipe International (PPIH)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Madison Air Solutions is the larger company by market cap ($12.04 billion vs $255.4 million), about 47.1 times the size. On valuation, Perma-Pipe International trades at a lower trailing P/E (16.4x vs 49.0x for Madison Air Solutions).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MAIR | PPIH |
|---|---|---|
| Share price | $24.00 | $31.17 |
| Market cap | $12.04B | $255.44M |
| 1-day change | -0.50% | -1.70% |
| YTD return | — | +2.67% |
| 1-year return | — | +30.09% |
| 5-year return | — | +272.40% |
| P/E ratio (TTM) | 48.98 | 16.41 |
| Forward P/E | 19.21 | — |
| EPS (TTM) | $0.49 | $1.90 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $44.50 | $36.72 |
| 52-week low | $22.91 | $23.01 |
| Distance from 52-week high | -46.07% | -15.11% |
| Analyst consensus | strong_buy | none |
| Avg. price target upside | +70.38% | +21.91% |
| Average volume | 2.77M | 80.49K |
| Shares outstanding | 177.34M | 8.20M |
| Employees | 8,650 | 909 |
| Sector | Industrials | Industrials |
| Industry | Building Products & Equipment | Pollution Control Equipment |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Madison Air Solutions is about 47.1 times larger than Perma-Pipe International by market value ($12.04B vs $255.44M).
- Madison Air Solutions trades at a higher earnings multiple (49.0x vs 16.4x trailing P/E).
About Madison Air Solutions
MAIR stock →Madison Air Solutions Corporation manufactures and sells indoor air quality products and solutions in the United States and internationally. It offers heating, air filtration and purification, air movement, and air conditioning solutions under the Reznor, AprilAire, Big Ass Fans, Nortek Air Solutions and, Roberts-Gordon.
Industrials · Building Products & Equipment · 8,650 employees
About Perma-Pipe International
PPIH stock →Perma-Pipe International Holdings, Inc., together with its subsidiaries, designs, engineers, manufactures, and sells specialty piping and leak detection systems in the United States, Canada, the United Arab Emirates, Saudi Arabia, and internationally. The company offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to other locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products.
Industrials · Pollution Control Equipment · 909 employees
MAIR vs PPIH FAQ
Which is bigger, Madison Air Solutions or Perma-Pipe International?
Madison Air Solutions (MAIR) is larger, with a market capitalization of $12.04B compared with $255.44M for Perma-Pipe International (PPIH).
Which has the lower P/E ratio, MAIR or PPIH?
PPIH has the lower trailing P/E at 16.4, versus 49.0 for MAIR. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Madison Air Solutions and Perma-Pipe International in the same industry?
Both are in the Industrials sector, but in different industries: Building Products & Equipment for Madison Air Solutions and Pollution Control Equipment for Perma-Pipe International.