MSA Safety Incorporated (MSA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MSA Revenue Growth
Revenue Breakdown (FY 2025)
MSA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MSA Revenue Analysis (2014–2025)
As of May 8, 2026, MSA Safety Incorporated (MSA) generated trailing twelve-month (TTM) revenue of $1.92 billion, reflecting strong growth of +10.0% year-over-year. The most recent quarter (Q1 2026) recorded $463.6 million in revenue, down 9.3% sequentially.
Looking at the longer-term picture, MSA's 5-year compound annual growth rate (CAGR) stands at +6.8%, indicating steady revenue expansion. The company achieved its highest annual revenue of $1.87 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows MSA's business is primarily driven by Detection (100%). With over half of revenue concentrated in Detection, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including HON (-6.3% YoY), MMM (+2.1% YoY), and ROP (+12.1% YoY), MSA has underperformed the peer group in terms of revenue growth. Compare MSA vs HON →
MSA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MSACurrent | $1.9B | +10.0% | +6.8% | 21.4% | |
 HON | $37.4B | -6.3% | +2.8% | 17.5% | |
 MMM | $24.9B | +2.1% | -5.0% | 18.3% | |
 ROP | $7.9B | +12.1% | +10.2% | 28.3% | |
 GNSS | $41M | +91.4% | -1.1% | -41.2% | |
 AMSF | $317M | +7.8% | -1.3% | 18.6% |
MSA Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.87B | +3.7% | $871.1M | 46.5% | $402.0M | 21.4% |
| 2024 | $1.81B | +1.1% | $860.4M | 47.6% | $389.2M | 21.5% |
| 2023 | $1.79B | +17.0% | $852.1M | 47.7% | $231.3M | 12.9% |
| 2022 | $1.53B | +9.1% | $673.8M | 44.1% | $239.1M | 15.7% |
| 2021 | $1.40B | +3.9% | $615.3M | 43.9% | $22.8M | 1.6% |
| 2020 | $1.35B | -3.8% | $595.5M | 44.2% | $171.9M | 12.7% |
| 2019 | $1.40B | +3.2% | $638.6M | 45.6% | $188.2M | 13.4% |
| 2018 | $1.36B | +13.5% | $611.9M | 45.1% | $173.5M | 12.8% |
| 2017 | $1.20B | +4.1% | $538.9M | 45.0% | $39.6M | 3.3% |
| 2016 | $1.15B | +1.7% | $522.2M | 45.4% | $160.7M | 14.0% |
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Start ComparisonMSA — Frequently Asked Questions
Quick answers to the most common questions about buying MSA stock.
Is MSA's revenue growth accelerating or slowing?
MSA maintains +10.0% revenue growth, in line with its 5-year CAGR of +6.8%. TTM revenue stands at $1.9B. Growth rate remains consistent with historical average.
What is MSA's long-term revenue growth rate?
MSA Safety Incorporated's 5-year revenue CAGR of +6.8% reflects the sustained expansion pattern. Current YoY growth of +10.0% is near this long-term average.
How is MSA's revenue distributed by segment?
MSA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.