MSA Safety Incorporated(MSA)Earnings, Financials & Key Ratios

MSA•NYSE

$173.97

$6.75B mkt cap·24.5× P/E·Price updated May 6, 2026

SectorIndustrials IndustrySecurity Services Sub-IndustrySafety, Emergency and Risk Response

AboutMSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, utilities, military, and mining industries in North America, Latin America, and internationally. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air. Its core product offerings also comprise breathing apparatus products, such as self-contained breathing apparatus; hand-held portable gas detection instruments; industrial head protection products; firefighter helmets and protective apparel; and fall protection equipment, including confined space equipment, harnesses, lanyards, and self-retracting lifelines, as well as engineered systems. In addition, the company offers air-purifying respirators, eye and face protection products, ballistic helmets, and gas masks. It serves distributors and end-users through indirect and direct sales channels. The company offers its product under the V-Gard, Cairns, and Gallet brand names. MSA Safety Incorporated was founded in 1914 and is based in Cranberry Township, Pennsylvania.Show more

Revenue$1.87B+3.7%
EBITDA$474M+4.4%
Net Income$279M-2.1%
EPS (Diluted)7.09-1.7%
Gross Margin46.46%-2.4%
EBITDA Margin25.26%+0.7%
Operating Margin21.44%-0.4%
Net Margin14.88%-5.6%
ROE22.22%-17.7%
ROIC17.94%-7.8%
Debt/Equity0.46-5.3%
Interest Coverage12.64+13.2%

Technical→

MSA Key Insights

MSA Safety Incorporated (MSA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong 5Y profit CAGR of 17.6%
✓FCF machine: 15.8% free cash flow margin
✓12 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 18.5%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

MSA Price & Volume

MSA Safety Incorporated (MSA) stock price & volume — 10-year historical chart

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MSA Growth Metrics

MSA Safety Incorporated (MSA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.19%

5 Years6.82%

3 Years7.06%

TTM5.56%

Profit CAGR

10 Years14.69%

5 Years17.59%

3 Years15.8%

TTM1.45%

EPS CAGR

10 Years14.26%

5 Years17.54%

3 Years15.85%

TTM2.07%

Return on Capital

10 Years11.93%

5 Years12.96%

3 Years17.3%

Last Year19.22%

MSA Recent Earnings

MSA Safety Incorporated (MSA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 12/12 qtrs (100%)●Beat Revenue 7/12 qtrs (58%)

Q2 2026Latest

May 4, 2026

EPS

$1.99

Est $1.85

+7.6%

Revenue

$464M

Est $451M

+2.7%

Q1 2026

Feb 11, 2026

EPS

$2.38

Est $2.26

+5.3%

Revenue

$511M

Est $508M

+0.6%

Q4 2025

Oct 28, 2025

EPS

$1.94

Est $1.90

+2.1%

Revenue

$468M

Est $509M

-7.9%

Q3 2025

Aug 4, 2025

EPS

$1.93

Est $1.76

+9.7%

Revenue

$474M

Est $457M

+3.6%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 4, 2026	$1.99vs $1.85+7.6%	$464Mvs $451M+2.7%
Q1 2026	Feb 11, 2026	$2.38vs $2.26+5.3%	$511Mvs $508M+0.6%
Q4 2025	Oct 28, 2025	$1.94vs $1.90+2.1%	$468Mvs $509M-7.9%
Q3 2025	Aug 4, 2025	$1.93vs $1.76+9.7%	$474Mvs $457M+3.6%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
HONHoneywell International Inc.Direct Competitor	137.39B	216.82	29.46	7.85%	11.16%	23.05%	2.24
MMM3M CompanyDirect Competitor	76.43B	146.54	24.42	1.52%	11.14%	65.25%	2.73
ROPRoper Technologies, Inc.Direct Competitor	36.05B	350.26	24.67	12.26%	21.12%	8.75%	0.47
GNSSGenasys Inc.Direct Competitor	89.97M	1.99	-4.98	69.76%	-29.19%	-8.22%	9.85
AMSFAMERISAFE, Inc.Direct Competitor	556.33M	29.60	11.98	2.63%	14.27%	9.68%	0.00
LAKELakeland Industries, Inc.Product Competitor	94.36M	9.63	-3.96	34.1%	-19.4%	-27.91%	0.22
CODACoda Octopus Group, Inc.Product Competitor	134.35M	11.92	32.22	30.75%	14.78%	7.17%	0.01
KFRCKforce Inc.Product Competitor	768.57M	42.05	21.45	-5.43%	2.6%	27.22%	0.56

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

MSA Income Statement

MSA Safety Incorporated (MSA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	1.2B	1.36B	1.4B	1.35B	1.4B	1.53B	1.79B	1.81B	1.87B	1.92B
Revenue Growth %	4.11%	13.48%	3.23%	-3.83%	3.85%	9.13%	17%	1.15%	3.69%	5.56%
Cost of Goods Sold	657.92M	746.24M	763.35M	752.73M	784.83M	854.12M	935.51M	947.7M	1B	1.02B
COGS % of Revenue	54.97%	54.95%	54.45%	55.83%	56.05%	55.9%	52.33%	52.41%	53.54%	-
Gross Profit	538.89M▲ 0%	611.86M▲ 13.5%	638.63M▲ 4.4%	595.49M▼ 6.8%	615.35M▲ 3.3%	673.83M▲ 9.5%	852.14M▲ 26.5%	860.45M▲ 1.0%	871.11M▲ 1.2%	897.3M▲ 0%
Gross Margin %	45.03%	45.05%	45.55%	44.17%	43.95%	44.1%	47.67%	47.59%	46.46%	46.8%
Gross Profit Growth %	3.19%	13.54%	4.37%	-6.75%	3.33%	9.5%	26.46%	0.97%	1.24%	-
Operating Expenses	499.31M	438.38M	450.38M	423.6M	592.57M	434.69M	620.82M	471.27M	469.13M	475.35M
OpEx % of Revenue	41.72%	32.28%	32.12%	31.42%	42.32%	28.45%	34.73%	26.06%	25.02%	-
Selling, General & Admin	300.06M	324.78M	330.5M	290.33M	332.86M	338.87M	396.64M	394.71M	414.25M	427.97M
SG&A % of Revenue	25.07%	23.91%	23.57%	21.53%	23.77%	22.18%	22.19%	21.83%	22.1%	-
Research & Development	50.06M	52.7M	57.85M	58.27M	57.79M	57.01M	67.99M	66.53M	65.34M	66.03M
R&D % of Revenue	4.18%	3.88%	4.13%	4.32%	4.13%	3.73%	3.8%	3.68%	3.49%	-
Other Operating Expenses	149.19M	60.9M	62.03M	75M	201.91M	38.81M	156.19M	10.04M	-10.47M	0
Operating Income	39.58M▲ 0%	173.48M▲ 338.3%	188.25M▲ 8.5%	171.9M▼ 8.7%	22.78M▼ 86.7%	239.14M▲ 949.8%	231.32M▼ 3.3%	389.18M▲ 68.2%	401.98M▲ 3.3%	421.95M▲ 0%
Operating Margin %	3.31%	12.77%	13.43%	12.75%	1.63%	15.65%	12.94%	21.52%	21.44%	22.01%
Operating Income Growth %	-75.37%	338.33%	8.51%	-8.69%	-86.75%	949.77%	-3.27%	68.24%	3.29%	-
EBITDA	77.45M	211.33M	226.27M	211.57M	73.1M	295.45M	292.09M	453.51M	473.57M	495.64M
EBITDA Margin %	6.47%	15.56%	16.14%	15.69%	5.22%	19.34%	16.34%	25.08%	25.26%	25.85%
EBITDA Growth %	-60.48%	172.85%	7.07%	-6.5%	-65.45%	304.19%	-1.14%	55.26%	4.42%	9.69%
D&A (Non-Cash Add-back)	37.88M	37.85M	38.02M	39.67M	50.32M	56.32M	60.77M	64.33M	71.59M	73.69M
EBIT	45.13M	181.22M	199.34M	177.58M	34.36M	260.19M	253.42M	411.89M	401.98M	414.93M
Net Interest Income	-11.76M	-14.29M	-9.18M	-5.93M	-7.5M	-17.5M	-38.55M	-29.87M	-31.8M	-32.67M
Interest Income	3.6M	4.59M	4.41M	3.5M	3.26M	4.16M	8.18M	7.02M	0	0
Interest Expense	15.36M	18.88M	13.59M	9.43M	10.76M	21.66M	46.73M	36.89M	31.8M	32.67M
Other Income/Expense	-9.8M	-11.14M	-2.5M	-3.75M	824K	-604K	-24.63M	-14.17M	-35.59M	-40.51M
Pretax Income	29.77M▲ 0%	162.34M▲ 445.2%	185.75M▲ 14.4%	168.15M▼ 9.5%	23.6M▼ 86.0%	238.53M▲ 910.6%	206.69M▼ 13.4%	375.01M▲ 81.4%	366.4M▼ 2.3%	381.44M▲ 0%
Pretax Margin %	2.49%	11.95%	13.25%	12.47%	1.69%	15.61%	11.56%	20.74%	19.54%	19.9%
Income Tax	2.82M	37.22M	46.55M	43.01M	1.82M	58.9M	148.1M	90.04M	87.47M	90.85M
Effective Tax Rate %	9.47%	22.93%	25.06%	25.58%	7.69%	24.69%	71.66%	24.01%	23.87%	23.82%
Net Income	26.03M▲ 0%	124.15M▲ 377.0%	138M▲ 11.2%	124.08M▼ 10.1%	21.34M▼ 82.8%	179.63M▲ 741.8%	58.58M▼ 67.4%	284.97M▲ 386.4%	278.92M▼ 2.1%	290.59M▲ 0%
Net Margin %	2.17%	9.14%	9.84%	9.2%	1.52%	11.76%	3.28%	15.76%	14.88%	15.16%
Net Income Growth %	-71.69%	377%	11.15%	-10.09%	-82.8%	741.75%	-67.39%	386.43%	-2.12%	1.45%
Net Income (Continuing)	26.96M	125.11M	139.21M	125.14M	21.79M	179.63M	58.58M	284.97M	278.92M	290.59M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	4.98M	5.64M	6.77M	7.99M	0	0	0	0	0	0
EPS (Diluted)	0.67▲ 0%	3.19▲ 376.1%	3.48▲ 9.1%	3.16▼ 9.2%	0.54▼ 82.9%	4.56▲ 744.4%	1.48▼ 67.5%	7.21▲ 387.2%	7.09▼ 1.7%	7.45▲ 0%
EPS Growth %	-72.31%	376.12%	9.09%	-9.2%	-82.91%	744.44%	-67.54%	387.16%	-1.66%	2.07%
EPS (Basic)	0.68	3.24	3.52	3.19	0.54	4.58	1.49	7.24	7.11	-
Diluted Shares Outstanding	38.7M	38.96M	39.19M	39.29M	39.45M	39.41M	39.47M	39.53M	39.35M	38.99M
Basic Shares Outstanding	38M	38.36M	38.65M	38.88M	39.17M	39.23M	39.31M	39.36M	39.22M	38.86M
Dividend Payout Ratio	201.86%	46.11%	46.03%	53.66%	321.2%	39.78%	125.37%	27.62%	29.52%	-

MSA Balance Sheet

MSA Safety Incorporated (MSA) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	622.3M	656.62M	693.36M	801.42M	792.8M	880.13M	786.27M	803.03M	869.29M	891.67M
Cash & Short-Term Investments	134.24M	195.2M	202.39M	236.02M	190.41M	172.81M	146.44M	164.56M	165.07M	180.16M
Cash Only	134.24M	140.09M	152.5M	161.03M	141.44M	162.9M	146.44M	164.56M	165.07M	180.16M
Short-Term Investments	0	55.11M	49.89M	74.98M	48.97M	9.9M	0	0	0	0
Accounts Receivable	261.53M	248.59M	266.36M	268.08M	266.7M	302.96M	294.68M	279.21M	306.45M	325.01M
Days Sales Outstanding	79.76	66.81	69.35	72.58	69.52	72.37	60.17	56.36	59.66	60.55
Inventory	153.74M	156.6M	185.03M	244.97M	280.62M	338.32M	292.6M	296.8M	343.04M	352.31M
Days Inventory Outstanding	85.29	76.6	88.47	118.78	130.51	144.58	114.16	114.31	124.75	124.8
Other Current Assets	0	0	26.52M	26.18M	33.84M	44.34M	39.63M	43.83M	54.74M	34.19M
Total Non-Current Assets	1.06B	951.39M	1.05B	1.12B	1.6B	1.5B	1.38B	1.4B	1.69B	1.67B
Property, Plant & Equipment	157.01M	157.94M	218.71M	243.07M	257.97M	251.69M	265.18M	267.95M	339.99M	278.06M
Fixed Asset Turnover	7.62x	8.60x	6.41x	5.55x	5.43x	6.07x	6.74x	6.75x	5.51x	6.52x
Goodwill	422.19M	413.64M	436.68M	443.27M	636.86M	620.62M	627.53M	620.89M	731.59M	727.44M
Intangible Assets	183M	169.5M	171.33M	161.05M	306.95M	281.9M	266.13M	246.44M	299.13M	291.99M
Long-Term Investments	239.89M	137.92M	108.54M	133.54M	166.23M	0	0	0	0	0
Other Non-Current Assets	217.61M	209.36M	78.48M	101.61M	200.33M	317.19M	191.97M	241.29M	293.38M	1.34B
Total Assets	1.68B▲ 0%	1.61B▼ 4.6%	1.74B▲ 8.2%	1.92B▲ 10.3%	2.4B▲ 24.8%	2.38B▼ 0.8%	2.17B▼ 8.7%	2.21B▲ 1.6%	2.55B▲ 15.8%	2.56B▲ 0%
Asset Turnover	0.71x	0.84x	0.81x	0.70x	0.58x	0.64x	0.82x	0.82x	0.73x	0.75x
Asset Growth %	24.44%	-4.56%	8.19%	10.34%	24.84%	-0.81%	-8.7%	1.64%	15.8%	58.05%
Total Current Liabilities	289.28M	282.06M	277.51M	310.55M	330.61M	345.87M	332.82M	288.09M	289.21M	281.27M
Accounts Payable	87.06M	78.37M	89.12M	86.85M	106.78M	112.53M	111.87M	108.16M	110.78M	118.35M
Days Payables Outstanding	48.3	38.33	42.61	42.12	49.66	48.09	43.65	41.66	40.28	42.54
Short-Term Debt	26.68M	20.06M	20M	20M	0	7.39M	26.52M	26.39M	8.22M	8.07M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	175.54M	183.63M	67.75M	83.98M	105.01M	118.97M	174.45M	138.57M	155.97M	154.84M
Current Ratio	2.15x	2.33x	2.50x	2.58x	2.40x	2.54x	2.36x	2.79x	3.01x	3.01x
Quick Ratio	1.62x	1.77x	1.83x	1.79x	1.55x	1.57x	1.48x	1.76x	1.82x	1.82x
Cash Conversion Cycle	116.75	105.08	115.2	149.24	150.37	168.86	130.68	129.01	144.12	142.81
Total Non-Current Liabilities	792.97M	686.43M	729.61M	761.89M	1.23B	1.11B	870.53M	774.37M	898.15M	927.36M
Long-Term Debt	447.83M	341.31M	328.39M	287.16M	597.65M	565.45M	575.17M	481.62M	572.71M	605.08M
Capital Lease Obligations	0	0	42.63M	44.64M	40.71M	35.34M	44.49M	45.98M	46.15M	138.55M
Deferred Tax Liabilities	9.34M	7.16M	9.79M	20.76M	33.34M	31.88M	102.42M	107.69M	127.54M	520.44M
Other Non-Current Liabilities	335.8M	337.96M	348.8M	409.34M	559.71M	474.7M	148.45M	139.07M	151.75M	670.42M
Total Liabilities	1.08B	968.49M	1.01B	1.07B	1.56B	1.45B	1.2B	1.06B	1.19B	1.21B
Total Debt	474.51M	361.37M	400.19M	351.8M	638.36M	608.18M	646.19M	554M	627.09M	613.15M
Net Debt	340.27M	221.28M	247.69M	190.76M	496.92M	445.27M	499.75M	389.44M	462.02M	432.99M
Debt / Equity	0.78x	0.56x	0.55x	0.42x	0.77x	0.66x	0.67x	0.48x	0.46x	0.46x
Debt / EBITDA	6.13x	1.71x	1.77x	1.66x	8.73x	2.06x	2.21x	1.22x	1.32x	1.24x
Net Debt / EBITDA	4.39x	1.05x	1.09x	0.90x	6.80x	1.51x	1.71x	0.86x	0.98x	0.98x
Interest Coverage	2.94x	9.60x	14.67x	18.83x	3.19x	12.01x	5.42x	11.17x	12.64x	12.70x
Total Equity	607.55M▲ 0%	645.16M▲ 6.2%	732.57M▲ 13.5%	847.19M▲ 15.6%	834.39M▼ 1.5%	923.74M▲ 10.7%	966.8M▲ 4.7%	1.14B▲ 18.3%	1.37B▲ 19.6%	1.36B▲ 0%
Equity Growth %	7.67%	6.19%	13.55%	15.65%	-1.51%	10.71%	4.66%	18.26%	19.57%	73.54%
Book Value per Share	15.70	16.56	18.69	21.56	21.15	23.44	24.49	28.92	34.74	34.77
Total Shareholders' Equity	602.58M	639.52M	725.8M	839.2M	834.39M	923.74M	966.8M	1.14B	1.37B	1.36B
Common Stock	194.95M	211.81M	229.13M	242.69M	260.12M	281.98M	312.32M	329.95M	343.84M	0
Retained Earnings	868.67M	935.58M	1.01B	1.1B	1.05B	1.16B	1.14B	1.35B	1.55B	0
Treasury Stock	-297.83M	-298.14M	-305.16M	-327.76M	-330.38M	-361.44M	-363.28M	-398.2M	-484.85M	0
Accumulated OCI	-171.76M	-218.93M	-214M	-182.4M	-149.14M	-158.72M	-129.25M	-141.65M	-41.78M	0
Minority Interest	4.98M	5.64M	6.77M	7.99M	0	0	0	0	0	0

MSA Cash Flow Statement

MSA Safety Incorporated (MSA) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	230.34M	266.81M	164.96M	206.56M	199.15M	157.46M	92.86M	296.43M	363.87M	363.87M
Operating CF Margin %	19.25%	19.65%	11.77%	15.32%	14.22%	10.3%	5.19%	16.39%	19.41%	-
Operating CF Growth %	70.75%	15.84%	-38.17%	25.21%	-3.59%	-20.93%	-41.03%	219.23%	22.75%	95.26%
Net Income	26.96M	125.11M	137.65M	121.16M	21.79M	179.63M	58.58M	284.97M	278.92M	290.59M
Depreciation & Amortization	37.88M	37.85M	38.02M	39.67M	50.32M	56.32M	60.77M	64.33M	71.59M	73.69M
Stock-Based Compensation	11.76M	12.24M	13.76M	6.92M	18.91M	19.65M	30.02M	18.18M	0	8.72M
Deferred Taxes	-31.32M	-4.07M	1.27M	-3.32M	-38.85M	5.17M	0	-98K	0	-224K
Other Non-Cash Items	19.56M	-8.17M	-15.03M	35.44M	205.21M	-6.63M	-151.25M	-11.57M	6.44M	-3.01M
Working Capital Changes	165.5M	103.85M	-10.71M	6.68M	-58.22M	-96.68M	94.73M	-59.39M	6.91M	7.95M
Change in Receivables	-6.38M	-10.07M	16.54M	7.68M	4.37M	-38.59M	-7.1M	-1.38M	-5.17M	8.55M
Change in Inventory	-30.36M	-11.12M	-23.25M	-8.6M	-17.83M	-67.37M	51.59M	-14.67M	-10.46M	-6.04M
Change in Payables	-19.42M	17.98M	5.8M	13.54M	13.3M	7.58M	-5.45M	3.06M	-4.66M	-13.16M
Cash from Investing	-239.2M	-87.32M	-64.16M	-72.77M	-415.47M	-4.48M	-39.95M	-53.76M	-257.63M	-257.42M
Capital Expenditures	-23.73M	-36.89M	-36.6M	-48.91M	-49.12M	-43.94M	-42.76M	-54.22M	-68.44M	-68.24M
CapEx % of Revenue	1.98%	2.72%	2.61%	3.63%	3.51%	2.88%	2.39%	3%	3.65%	-
Acquisitions	-216.31M	33.96M	-33.2M	48.91M	-392.44M	1.39M	0	0	-189.28M	-1.47M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	832K	-47.37M	169.46M	-223.45M	0	-1.39M	2.81M	468K	79K	-187.71M
Cash from Financing	23.07M	-163.27M	-84.62M	-126.53M	203.93M	-113.35M	-52.25M	-208.69M	-105.47M	-107.08M
Debt Issued (Net)	77.25M	-107.62M	-16.57M	-44M	291.07M	-13M	23.9M	-94.25M	67.31M	38.16M
Equity Issued (Net)	-17.51M	-4.82M	-4.54M	-15.95M	454K	-28.85M	-1.52M	-35.48M	-87.35M	-109.67M
Dividends Paid	-52.54M	-57.25M	-63.52M	-66.58M	-68.59M	-71.5M	-73.49M	-78.76M	-82.34M	-82.87M
Share Repurchases	-17.51M	-4.82M	-12.65M	-29.14M	-6.17M	-34.39M	-3.96M	-37.34M	-89.96M	-112.1M
Other Financing	18.41M	6.42M	0	0	-19.01M	0	-1.14M	0	-3.08M	47.3M
Net Change in Cash	20.48M▲ 0%	2.71M▼ 86.7%	11.94M▲ 339.7%	8.49M▼ 28.9%	-19.6M▼ 330.8%	22.99M▲ 217.3%	-16.02M▼ 169.7%	16.69M▲ 204.2%	-30K▼ 100.2%	8.86M▲ 0%
Free Cash Flow	206.61M▲ 0%	229.93M▲ 11.3%	128.36M▼ 44.2%	157.65M▲ 22.8%	150.02M▼ 4.8%	113.51M▼ 24.3%	50.09M▼ 55.9%	242.21M▲ 383.5%	295.43M▲ 22.0%	309.48M▲ 0%
FCF Margin %	17.26%	16.93%	9.16%	11.69%	10.71%	7.43%	2.8%	13.4%	15.76%	16.14%
FCF Growth %	88.91%	11.29%	-44.17%	22.82%	-4.84%	-24.34%	-55.87%	383.51%	21.97%	22.04%
FCF per Share	5.34	5.90	3.28	4.01	3.80	2.88	1.27	6.13	7.51	7.51
FCF Conversion (FCF/Net Income)	8.85x	2.15x	1.20x	1.66x	9.33x	0.88x	1.59x	1.04x	1.30x	1.07x
Interest Paid	15.5M	20.41M	14.49M	9.86M	9.29M	20.74M	47.26M	35.7M	32.13M	0
Taxes Paid	40.38M	40.59M	48.67M	61.07M	45.56M	60.49M	69.08M	102.67M	101.61M	0

MSA Key Ratios

MSA Safety Incorporated (MSA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	4.44%	19.82%	20.03%	15.71%	2.54%	20.43%	6.2%	27.01%	22.22%	22.03%
Return on Invested Capital (ROIC)	3.32%	14.34%	15.29%	12.78%	1.44%	13.28%	12.24%	19.46%	17.94%	17.94%
Gross Margin	45.03%	45.05%	45.55%	44.17%	43.95%	44.1%	47.67%	47.59%	46.46%	46.8%
Net Margin	2.17%	9.14%	9.84%	9.2%	1.52%	11.76%	3.28%	15.76%	14.88%	15.16%
Debt / Equity	0.78x	0.56x	0.55x	0.42x	0.77x	0.66x	0.67x	0.48x	0.46x	0.46x
Interest Coverage	2.94x	9.60x	14.67x	18.83x	3.19x	12.01x	5.42x	11.17x	12.64x	12.70x
FCF Conversion	8.85x	2.15x	1.20x	1.66x	9.33x	0.88x	1.59x	1.04x	1.30x	1.07x
Revenue Growth	4.11%	13.48%	3.23%	-3.83%	3.85%	9.13%	17%	1.15%	3.69%	5.56%

MSA SEC Filings & Documents

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

8-K Announcements

Material company update

May 5, 2026·SEC

Material company update

May 4, 2026·SEC

Material company update

Feb 26, 2026·SEC

10-K Annual Reports

FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 16, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 5, 2026·SEC

FY 2025

Oct 29, 2025·SEC

FY 2025

Aug 5, 2025·SEC

MSA Frequently Asked Questions

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

Growth & Financials

MSA Safety Incorporated (MSA) reported $1.92B in revenue for fiscal year 2025. This represents a 283% increase from $501.0M in 1996.

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

Yes, MSA Safety Incorporated (MSA) is profitable, generating $290.6M in net income for fiscal year 2025 (14.9% net margin).

Dividend & Returns

Yes, MSA Safety Incorporated (MSA) pays a dividend with a yield of 1.20%. This makes it attractive for income-focused investors.

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

MSA Safety Incorporated (MSA) generated $309.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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