MSC Industrial Direct Co., Inc. (MSM) 10-Year Financial Performance & Capital Metrics

MSM • • Industrial / General

IndustrialsIndustrial DistributionGeneral Industrial MRO DistributionSpecialized MRO Distributors

AboutMSC Industrial Direct Co., Inc., together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, and the United Kingdom. Its MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies. The company offers approximately 1.9 million stock-keeping units through its catalogs and brochures; e-commerce channels, including its Website, mscdirect.com; inventory management solutions; and call-centers and branches. It operates through a distribution network of 28 branch offices, 11 customer fulfilment centers, and seven regional inventory centers. The company serves individual machine shops, Fortune 1000 manufacturing companies, and government agencies, as well as manufacturers of various sizes. MSC Industrial Direct Co., Inc. was founded in 1941 and is headquartered in Melville, New York.Show more

Revenue $3.77B -1.3%
EBITDA $404M -17.3%
Net Income $199M -22.9%
EPS (Diluted) 3.57 -22.1%
Gross Margin 40.75% -0.9%
EBITDA Margin 10.72% -16.2%
Operating Margin 8.32% -21.7%
Net Margin 5.29% -21.9%
ROE 14.25% -20.3%
ROIC 12.32% -21.0%
Debt/Equity 0.39 -4.8%
Interest Coverage 13.04 -17.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 18.7%
✓Healthy dividend yield of 3.9%
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.62%

5Y3.38%

3Y0.7%

TTM-1.35%

Profit (Net Income) CAGR

10Y-1.48%

5Y-4.51%

3Y-16.29%

TTM-22.92%

EPS CAGR

10Y-0.46%

5Y-4.57%

3Y-16.17%

TTM-22.27%

ROCE

10Y Avg22.16%

5Y Avg21.27%

3Y Avg21.46%

Latest17.48%

Peer Comparison

Specialized MRO Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AITApplied Industrial Technologies, Inc.	10.65B	282.47	27.91	1.88%	8.61%	21.33%	4.37%	0.42
MSMMSC Industrial Direct Co., Inc.	4.81B	86.13	24.13	-1.35%	5.29%	14.27%	6.94%	0.39
DSGRDistribution Solutions Group, Inc.	1.39B	30.00	-187.50	14.88%	-0.57%	-1.71%	2.4%	1.30

Profit & Loss

	Aug 2016	Aug 2017	Aug 2018	Aug 2019	Aug 2020	Aug 2021	Aug 2022	Aug 2023	Aug 2024	Aug 2025
Sales/Revenue+	2.86B	2.89B	3.2B	3.36B	3.19B	3.24B	3.69B	4.01B	3.82B	3.77B
Revenue Growth %	-0.02%	0.01%	0.11%	0.05%	-0.05%	0.02%	0.14%	0.09%	-0.05%	-0.01%
Cost of Goods Sold+	1.57B	1.6B	1.81B	1.93B	1.92B	1.91B	2.13B	2.37B	2.25B	2.23B
COGS % of Revenue	0.55%	0.55%	0.57%	0.57%	0.6%	0.59%	0.58%	0.59%	0.59%	0.59%
Gross Profit+	1.29B	1.29B	1.39B	1.43B	1.27B	1.33B	1.56B	1.64B	1.57B	1.54B
Gross Margin %	0.45%	0.45%	0.43%	0.43%	0.4%	0.41%	0.42%	0.41%	0.41%	0.41%
Gross Profit Growth %	-0.02%	-0%	0.08%	0.03%	-0.11%	0.05%	0.17%	0.05%	-0.04%	-0.02%
Operating Expenses+	912.9M	907.25M	971.54M	1B	906.86M	991.85M	1.08B	1.15B	1.16B	1.22B
OpEx % of Revenue	0.32%	0.31%	0.3%	0.3%	0.28%	0.31%	0.29%	0.29%	0.3%	0.32%
Selling, General & Admin	912.9M	907.25M	971.54M	1B	906.86M	991.85M	1.08B	1.15B	1.17B	0
SG&A % of Revenue	0.32%	0.31%	0.3%	0.3%	0.28%	0.31%	0.29%	0.29%	0.31%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	1.22B
Operating Income+	375.96M	379M	421.42M	431.22M	367.77M	341.67M	475.26M	492.01M	405.99M	313.73M
Operating Margin %	0.13%	0.13%	0.13%	0.13%	0.12%	0.11%	0.13%	0.12%	0.11%	0.08%
Operating Income Growth %	-0.03%	0.01%	0.11%	0.02%	-0.15%	-0.07%	0.39%	0.04%	-0.17%	-0.23%
EBITDA+	447.49M	441.58M	484.05M	496.21M	459.16M	428.38M	562.4M	566.74M	488.5M	403.91M
EBITDA Margin %	0.16%	0.15%	0.15%	0.15%	0.14%	0.13%	0.15%	0.14%	0.13%	0.11%
EBITDA Growth %	-0.02%	-0.01%	0.1%	0.03%	-0.07%	-0.07%	0.31%	0.01%	-0.14%	-0.17%
D&A (Non-Cash Add-back)	71.53M	62.58M	62.63M	64.99M	91.39M	86.71M	87.14M	74.73M	82.51M	90.18M
EBIT	377.54M	380.36M	420.65M	400.02M	350.92M	302.89M	468.73M	478.7M	368.52M	287.64M
Net Interest Income+	-5.15M	-11.71M	-13.82M	-16.37M	-16.34M	-14.44M	-17.45M	-21.51M	-25.36M	-22.93M
Interest Income	654K	658K	647K	518K	333K	66K	150K	1.03M	412K	1.13M
Interest Expense	5.81M	12.37M	14.46M	16.89M	16.67M	14.51M	17.6M	22.54M	25.77M	24.06M
Other Income/Expense	-4.23M	-11.01M	-15.23M	-48.09M	-33.52M	-53.29M	-24.13M	-35.85M	-63.24M	-50.15M
Pretax Income+	371.73M	367.99M	406.19M	383.13M	334.25M	288.38M	451.13M	456.16M	342.75M	263.58M
Pretax Margin %	0.13%	0.13%	0.13%	0.11%	0.1%	0.09%	0.12%	0.11%	0.09%	0.07%
Income Tax+	140.51M	136.56M	76.97M	94.33M	82.49M	70.44M	110.65M	113.05M	86.79M	65.74M
Effective Tax Rate %	0.62%	0.63%	0.81%	0.75%	0.75%	0.75%	0.75%	0.75%	0.75%	0.76%
Net Income+	231.22M	231.43M	329.22M	288.87M	251.12M	216.91M	339.79M	343.23M	258.59M	199.33M
Net Margin %	0.08%	0.08%	0.1%	0.09%	0.08%	0.07%	0.09%	0.09%	0.07%	0.05%
Net Income Growth %	-0%	0%	0.42%	-0.12%	-0.13%	-0.14%	0.57%	0.01%	-0.25%	-0.23%
Net Income (Continuing)	231.22M	231.43M	329.22M	288.8M	251.76M	217.94M	340.48M	343.11M	255.96M	197.84M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	5.33M	5.63M	11M	11.85M	13.42M	9.48M	8.29M
EPS (Diluted)+	3.77	4.05	5.81	5.20	4.51	3.87	6.06	6.11	4.58	3.57
EPS Growth %	0.01%	0.07%	0.43%	-0.1%	-0.13%	-0.14%	0.57%	0.01%	-0.25%	-0.22%
EPS (Basic)	3.78	4.08	5.84	5.23	4.53	3.89	6.09	6.14	4.60	3.57
Diluted Shares Outstanding	61.08M	56.97M	56.71M	55.51M	55.64M	56.09M	56.05M	56.21M	56.44M	55.89M
Basic Shares Outstanding	60.91M	56.59M	56.35M	55.24M	55.47M	55.74M	55.78M	55.92M	56.26M	55.78M
Dividend Payout Ratio	0.46%	0.44%	0.38%	0.5%	1.77%	0.77%	0.49%	0.51%	0.72%	0.95%

Balance Sheet

	Aug 2016	Aug 2017	Aug 2018	Aug 2019	Aug 2020	Aug 2021	Aug 2022	Aug 2023	Aug 2024	Aug 2025
Total Current Assets+	981.49M	1.01B	1.15B	1.2B	1.24B	1.31B	1.54B	1.32B	1.19B	1.23B
Cash & Short-Term Investments	52.89M	16.08M	46.22M	32.29M	125.21M	40.54M	43.54M	50.05M	29.59M	56.23M
Cash Only	52.89M	16.08M	46.22M	32.29M	125.21M	40.54M	43.54M	50.05M	29.59M	56.23M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	392.46M	471.8M	523.89M	541.09M	491.74M	560.37M	687.61M	435.42M	412.12M	423.31M
Days Sales Outstanding	50.03	59.63	59.68	58.71	56.22	63.07	67.98	39.64	39.37	40.99
Inventory	444.22M	464.96M	518.5M	559.14M	543.11M	624.17M	715.63M	726.52M	643.9M	644.09M
Days Inventory Outstanding	102.97	105.97	104.51	105.65	103.37	119.3	122.42	112.06	104.45	105.26
Other Current Assets	46.63M	52.74M	2.46M	64.31M	73.95M	86.62M	94.64M	105.52M	102.47M	102.93M
Total Non-Current Assets+	1.08B	1.09B	1.14B	1.11B	1.14B	1.15B	1.19B	1.23B	1.27B	1.24B
Property, Plant & Equipment	320.54M	316.31M	311.69M	310.85M	358.15M	347.43M	351.45M	385.57M	418.9M	399.17M
Fixed Asset Turnover	8.93x	9.13x	10.28x	10.82x	8.91x	9.33x	10.50x	10.40x	9.12x	9.44x
Goodwill	624.08M	633.73M	675M	677.27M	677.58M	692.7M	710.13M	718.17M	723.89M	723.7M
Intangible Assets	105.31M	110.43M	122.72M	116.67M	104.87M	101.85M	114.33M	110.64M	101.15M	85.45M
Long-Term Investments	-46.63M	-115.06M	-99.71M	-114.01M	-121.73M	0	0	-131.8M	0	0
Other Non-Current Assets	33.53M	32.87M	31.81M	6.84M	4.06M	5.88M	-114.77M	12.24M	30.28M	27.18M
Total Assets+	2.06B	2.1B	2.29B	2.31B	2.38B	2.46B	2.73B	2.54B	2.46B	2.46B
Asset Turnover	1.39x	1.38x	1.40x	1.46x	1.34x	1.32x	1.35x	1.58x	1.55x	1.53x
Asset Growth %	-0.02%	0.02%	0.09%	0.01%	0.03%	0.03%	0.11%	-0.07%	-0.03%	-0%
Total Current Liabilities+	478.6M	557.73M	490.52M	446.92M	408.73M	561.93M	725.94M	649.44M	605.43M	729.35M
Accounts Payable	110.6M	121.27M	145.13M	160.11M	125.78M	186.33M	217.38M	226.3M	205.93M	225.15M
Days Payables Outstanding	25.64	27.64	29.25	30.25	23.94	35.61	37.19	34.91	33.4	36.8
Short-Term Debt	267.05M	331.99M	224.1M	175.45M	120.99M	201.16M	324.68M	229.94M	229.91M	339.1M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	56.81M	52.66M	49.28M	46.95M	76.28M	86.77M	18.22M	115.07M	91.99M	148.69M
Current Ratio	2.05x	1.80x	2.34x	2.68x	3.03x	2.34x	2.13x	2.03x	1.96x	1.68x
Quick Ratio	1.12x	0.97x	1.28x	1.43x	1.70x	1.23x	1.14x	0.91x	0.90x	0.80x
Cash Conversion Cycle	127.36	137.96	134.94	134.11	135.65	146.75	153.22	116.8	110.41	109.46
Total Non-Current Liabilities+	487.97M	316.05M	410.95M	380.44M	653.12M	738.32M	641.19M	402.12M	455.6M	336.22M
Long-Term Debt	339.77M	200.99M	311.24M	266.43M	494.56M	582.43M	468.73M	224.16M	278.4M	168.58M
Capital Lease Obligations	0	0	0	0	36.83M	36.43M	47.8M	46.15M	37.47M	31.12M
Deferred Tax Liabilities	148.2M	115.06M	99.71M	114.01M	121.73M	108.83M	124.66M	131.8M	139.28M	136.51M
Other Non-Current Liabilities	0	0	0	114.01M	121.73M	10.63M	0	131.8M	455K	0
Total Liabilities	966.58M	873.77M	901.47M	827.36M	1.06B	1.3B	1.37B	1.05B	1.06B	1.07B
Total Debt+	606.82M	532.98M	535.33M	441.88M	675.46M	836.4M	860.77M	521.42M	568.17M	538.81M
Net Debt	553.93M	516.89M	489.12M	409.6M	550.25M	795.87M	817.23M	471.37M	538.59M	482.58M
Debt / Equity	0.55x	0.44x	0.39x	0.30x	0.51x	0.72x	0.63x	0.35x	0.41x	0.39x
Debt / EBITDA	1.36x	1.21x	1.11x	0.89x	1.47x	1.95x	1.53x	0.92x	1.16x	1.33x
Net Debt / EBITDA	1.24x	1.17x	1.01x	0.83x	1.20x	1.86x	1.45x	0.83x	1.10x	1.19x
Interest Coverage	64.74x	30.64x	29.14x	25.53x	22.06x	23.55x	27.01x	21.83x	15.75x	13.04x
Total Equity+	1.1B	1.23B	1.39B	1.48B	1.32B	1.16B	1.36B	1.49B	1.4B	1.4B
Equity Growth %	-0.18%	0.12%	0.13%	0.07%	-0.11%	-0.12%	0.17%	0.1%	-0.06%	-0%
Book Value per Share	17.98	21.50	24.46	26.73	23.73	20.71	24.31	26.55	24.83	24.98
Total Shareholders' Equity	1.1B	1.23B	1.39B	1.48B	1.31B	1.15B	1.35B	1.48B	1.39B	1.39B
Common Stock	65K	66K	65K	56K	57K	57K	57K	57K	57K	57K
Retained Earnings	1.04B	1.17B	1.33B	946.65M	749.51M	532.32M	681.29M	755.01M	456.85M	432.62M
Treasury Stock	-506.76M	-553.47M	-576.75M	-104.61M	-103.95M	-104.38M	-106.2M	-107.68M	-114.23M	-117.36M
Accumulated OCI	-19.1M	-17.26M	-19.63M	-22.78M	-21.42M	-17.98M	-23.12M	-17.73M	-21.14M	-20.74M
Minority Interest	0	0	0	5.33M	5.63M	11M	11.85M	13.42M	9.48M	8.29M

Cash Flow

	Aug 2016	Aug 2017	Aug 2018	Aug 2019	Aug 2020	Aug 2021	Aug 2022	Aug 2023	Aug 2024	Aug 2025
Cash from Operations+	401.1M	246.84M	339.66M	328.43M	396.74M	224.46M	246.18M	699.58M	410.7M	333.72M
Operating CF Margin %	0.14%	0.09%	0.11%	0.1%	0.12%	0.07%	0.07%	0.17%	0.11%	0.09%
Operating CF Growth %	0.61%	-0.38%	0.38%	-0.03%	0.21%	-0.43%	0.1%	1.84%	-0.41%	-0.19%
Net Income	230.31M	230.81M	328.84M	288.75M	251.12M	216.91M	339.79M	343.23M	258.59M	199.33M
Depreciation & Amortization	71.53M	62.58M	62.63M	64.99M	91.39M	86.71M	87.14M	74.73M	82.51M	90.18M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	15.01M	13.48M	-19.58M	14.3M	7.72M	-13.61M	10.76M	6.7M	9.71M	-2.92M
Other Non-Cash Items	21.51M	22.76M	23.26M	27.9M	29.77M	74.63M	20.1M	50.81M	28.21M	42.83M
Working Capital Changes	62.75M	-82.8M	-55.49M	-67.51M	16.75M	-140.18M	-211.61M	224.11M	31.67M	4.31M
Change in Receivables	2.6M	-72.23M	-49.83M	-26.95M	36.77M	-73.04M	-123.57M	247.65M	18.85M	-17.74M
Change in Inventory	61.05M	-15.87M	-33.23M	-32.53M	16.46M	-107.04M	-81.49M	-4.86M	85.1M	1.72M
Change in Payables	5.27M	12.18M	31.34M	2.35M	-5.57M	84.41M	20.29M	10.02M	-54.06M	43.32M
Cash from Investing+	-87.93M	-88.89M	-131.92M	-35.45M	-49.17M	-75.65M	-94.49M	-112.67M	-123.4M	-63.29M
Capital Expenditures	-87.93M	-46.55M	-44.92M	-51.77M	-46.99M	-53.75M	-61.37M	-92.49M	-99.41M	-92.84M
CapEx % of Revenue	0.03%	0.02%	0.01%	0.02%	0.01%	0.02%	0.02%	0.02%	0.03%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	-298.37M	-194.75M	-177.59M	-306.55M	-254.72M	-233.85M	-148.14M	-580.4M	-307.35M	-243.57M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-105.78M	-102.22M	-125.43M	-145.71M	-444.17M	-362.65M	-167.38M	-176.72M	-187.28M	-189.65M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.54M	0	-491K	903K	-18.95M	-20.2M	606K	1.2M	3.73M	-3.97M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	313.17M	200.29M	294.74M	276.65M	349.75M	170.72M	184.81M	607.09M	311.29M	333.72M
FCF Margin %	0.11%	0.07%	0.09%	0.08%	0.11%	0.05%	0.05%	0.15%	0.08%	0.09%
FCF Growth %	0.58%	-0.36%	0.47%	-0.06%	0.26%	-0.51%	0.08%	2.28%	-0.49%	0.07%
FCF per Share	5.13	3.52	5.20	4.98	6.29	3.04	3.30	10.80	5.52	5.97
FCF Conversion (FCF/Net Income)	1.73x	1.07x	1.03x	1.14x	1.58x	1.03x	0.72x	2.04x	1.59x	1.67x
Interest Paid	4.99M	11.7M	13.45M	16.65M	14.97M	13.99M	16.9M	22.43M	24.72M	0
Taxes Paid	127.97M	121.69M	100.5M	79.33M	68.93M	73.12M	117.04M	106.96M	79.09M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	19.02%	19.92%	25.2%	20.12%	17.91%	17.48%	26.92%	24.05%	17.87%	14.25%
Return on Invested Capital (ROIC)	16.71%	16.75%	17.47%	17.16%	14.65%	13.39%	17.23%	17.81%	15.6%	12.32%
Gross Margin	45.01%	44.54%	43.48%	42.57%	39.93%	41.12%	42.21%	40.98%	41.11%	40.75%
Net Margin	8.07%	8.01%	10.28%	8.59%	7.87%	6.69%	9.2%	8.56%	6.77%	5.29%
Debt / Equity	0.55x	0.44x	0.39x	0.30x	0.51x	0.72x	0.63x	0.35x	0.41x	0.39x
Interest Coverage	64.74x	30.64x	29.14x	25.53x	22.06x	23.55x	27.01x	21.83x	15.75x	13.04x
FCF Conversion	1.73x	1.07x	1.03x	1.14x	1.58x	1.03x	0.72x	2.04x	1.59x	1.67x
Revenue Growth	-1.61%	0.85%	10.95%	4.99%	-5.1%	1.59%	13.83%	8.6%	-4.7%	-1.35%

Revenue by Segment

	2025
Reportable	3.77B
Reportable Growth	-

Frequently Asked Questions

Valuation & Price

MSC Industrial Direct Co., Inc. (MSM) has a price-to-earnings (P/E) ratio of 24.1x. This is roughly in line with market averages.

Growth & Financials

MSC Industrial Direct Co., Inc. (MSM) reported $3.77B in revenue for fiscal year 2025. This represents a 60% increase from $2.36B in 2012.

MSC Industrial Direct Co., Inc. (MSM) saw revenue decline by 1.3% over the past year.

Yes, MSC Industrial Direct Co., Inc. (MSM) is profitable, generating $199.3M in net income for fiscal year 2025 (5.3% net margin).

Dividend & Returns

Yes, MSC Industrial Direct Co., Inc. (MSM) pays a dividend with a yield of 3.94%. This makes it attractive for income-focused investors.

MSC Industrial Direct Co., Inc. (MSM) has a return on equity (ROE) of 14.2%. This is reasonable for most industries.

MSC Industrial Direct Co., Inc. (MSM) generated $240.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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