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MSAMSA Safety Incorporated
$181.23$7.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
MSA logo

MSA Safety Incorporated

MSA
NYSE · Security Services
$181.23
At close - Oct 2, 4:00 PM EDT - USD
Market Cap$7B
P/E25.6x
52W High$208.92
Volume229.54K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Expansion Drives Cash Generation Amid Modest Growth

MSA Safety's investment case centers on consistent gross margin expansion from 47.3% to 49.5% over the past two years, driving operating leverage and robust cash conversion, with cumulative operating cash flow of $831M exceeding net income of $721M. The compan...

GrowthStable
ProfitabilityStable
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

MSA price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

-8% Peers

P/E is 8% below peer median

03

Market leadership

RS 60 · Avg

Average momentum (RS Rating: 60)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 30
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has been modest at 6.2% in 2026Q2, but gross margin expanded to 49.5% from 47.3% a year earlier, driving operating margin to 23.4% and net margin to 17.1%.

Analyst Consensus+15.9% target
Buy(12 analysts)
7 Buy5 Hold0 Sell

The Bull Case

Upside Catalysts

Strong financial performance

MSA Safety Incorporated announced financial results for the quarter and full year, indicating robust performance.

Global safety product leadership

MSA is a global leader in advanced safety products, technologies, and solutions, positioning it well in the market.

Investor confidence

The company maintains a dedicated Investor Relations website, showcasing transparency and engagement with stockholders and analysts.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MSA+12.70%
S&P 500 (^GSPC)+12.66%
1-Year Return
MSA+5.61%
S&P 500 (^GSPC)+15.01%
3-Year Return
MSA+20.68%
S&P 500 (^GSPC)+81.98%
5-Year Return
MSA+28.63%
S&P 500 (^GSPC)+81.08%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
25.6x
Forward P/EExpansion
19.9x
EV/EBITDA40th %ile
15.7x
FCF YieldCash Flow
4.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
25.6x
31.6x
40th· Fair
EV/EBITDA
15.7x
20.7x
40th· Fair
Price/FCF
23.7x
39.7x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$75.69-58.2%
Base (Fair)$134.50-25.8%
Bull$183.25+1.1%
$75.69 Bear$134.50 Base$183.25 Bull
Current Market Price: $181.23
Trades at a 34.7% premium to Base DCF ($134.50)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.87B+3.7% YoY
Net income
$279M-2.1% YoY
Free cash flow
$295M+22.0% YoY
Operating margin
21.4%-0.1 pts YoY
ROIC (TTM)17.9%
Avg ROIC 5Y-
ROE (TTM)22.2%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 30, 2026
$2.40+12.1%
vs $2.14
$503M+1.4%
vs $496M
Q2 2026
May 4, 2026
$1.99+7.6%
vs $1.85
$464M+2.7%
vs $451M
Q1 2026
Feb 11, 2026
$2.38+5.3%
vs $2.26
$511M+0.6%
vs $508M
Q4 2025
Oct 28, 2025
$1.94+2.1%
vs $1.90
$468M-7.9%
vs $509M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Proactive Investors·2d ago
Tiziana Life Sciences seeks FDA orphan drug status for nasal MSA therapy

Tiziana Life Sciences Ltd (NASDAQ:TLSA) has asked the US Food and Drug Administration to grant orphan drug designation to its intranasal foralumab for multiple system atrophy (MSA), a rare neurodegenerative disease with no approved disease-modifying therapies.  MSA is a rapidly progressive disorder that affects autonomic functions such as blood pressure and bladder control, as well as motor control, leading to severe disability and shortened life expectancy.

Seeking Alpha·6d ago
Best Dividend Kings: September 2026

Dividend Kings are underperforming SPY in September, with a -4.22% average return versus SPY's marginal gain. Despite aggregate weakness, 29 Dividend Kings appear both undervalued and offer a long-term expected return of at least 10%. Recent dividend increases and higher projected earnings growth have modestly improved the Kings' average dividend growth rate to 4.49%.

PRNewsWire·Sep 23, 2026
MSA Safety Launches New G1™ City Edition SCBA, Transforming Firefighter Search and Rescue

Integrated Technology Helps to Find Firefighters, New Design Features Reduce Weight, Enhance Comfort PITTSBURGH, Sept. 23, 2026 /PRNewswire/ -- At fire scenes, firefighter safety means more than air supply, it can also mean connectivity, accountability and the ability to quickly locate firefighters in distress.

Defense World·Sep 21, 2026
MSA Safety Incorporporated (NYSE:MSA) & ESAB (NYSE:ESAB) Head-To-Head Analysis

MSA Safety Incorporporated (NYSE: MSA - Get Free Report) and ESAB (NYSE: ESAB - Get Free Report) are both mid-cap industrials companies, but which is the superior investment? We will compare the two companies based on the strength of their valuation, earnings, institutional ownership, analyst recommendations, profitability, dividends and risk. Earnings and Valuation This table compares MSA

Filtered for MSA Safety IncorporatedMore Headlines
04

Compare before deciding

Benchmark MSA against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for MSA Safety Incorporated (MSA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MSA logoMSAMSA Safety IncorporatedCurrent
$181.23$7B25.563.69%14.88%22.22%1.15%
HON logoHONHoneywell International Inc.
$213.99$67.82B14.547.85%22.73%41.21%—
MMM logoMMM3M Company
$161.89$83.49B26.981.52%11.9%76.17%—
ROP logoROPRoper Technologies, Inc.
$354.32$35.76B24.9512.26%30.24%12.94%—
GNSS logoGNSSGenasys Inc.
$1.45$66.04M-3.6369.76%-10.86%-435.06%—
AMSF logoAMSFAMERISAFE, Inc.
$23.59$441.22M9.552.63%14%18.37%—

Compare MSA vs Peers

MSA Safety Incorporated (MSA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HON

Most directly comparable listed peer for MSA.

Scale Benchmark

vs EMR

Larger-name benchmark to compare MSA against a more recognizable public peer.

Peer Set

Compare Top 5

vs HON, MMM, ROP, GNSS

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

MSA SEC Filings & Documents

MSA Safety Incorporated (MSA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

Jul 21, 2026·SEC

Material company update

Jul 9, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 16, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 31, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Oct 29, 2025·SEC

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MSA Frequently Asked Questions

MSA Safety Incorporated (MSA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is MSA Safety Incorporated's revenue?

MSA Safety Incorporated (MSA) reported $1.95B in revenue for fiscal year 2025. This represents a 288% increase from $501.0M in 1996.

How fast is MSA Safety Incorporated growing?

MSA Safety Incorporated (MSA) grew revenue by 3.7% over the past year. Growth has been modest.

Is MSA profitable?

Yes, MSA Safety Incorporated (MSA) is profitable, generating $314.0M in net income for fiscal year 2025 (14.9% net margin).

Dividend & Returns
Does MSA pay dividends?

Yes, MSA Safety Incorporated (MSA) pays a dividend with a yield of 1.15%. This makes it attractive for income-focused investors.

What is MSA's return on equity?

MSA Safety Incorporated (MSA) has a return on equity (ROE) of 22.2%. This is excellent, indicating efficient use of shareholder capital.

What is MSA Safety Incorporated's free cash flow?

MSA Safety Incorporated (MSA) generated $258.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in MSA back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →