MSA · Msa Safety Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $463.63M | - | $468.44M | $474.12M | $421.34M | - | $432.68M | $462.46M | $413.30M | - |
| Cost of Revenue | $244.05M | - | $250.83M | $253.41M | $227.94M | - | $225.22M | $239.43M | $217.77M | - |
| Gross Profit | $219.58M | - | $217.62M | $220.71M | $193.40M | - | $207.46M | $223.03M | $195.53M | - |
| R&D | $16.36M | - | $16.52M | $17.00M | $15.67M | - | $16.71M | $17.07M | $15.92M | - |
| SG&A | $107.68M | - | $102.85M | $112.08M | $93.97M | - | $95.10M | $105.08M | $94.15M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $18.35M | - | $15.96M | $18.10M | $16.25M | - | - | - | $15.56M | - |
| Operating Income | $93.01M | - | $94.31M | $85.86M | $77.76M | - | $91.48M | $99.94M | $80.11M | - |
| Interest Expense | $7.70M | - | $8.42M | $9.66M | $10.74M | - | $9.15M | $9.66M | $10.74M | - |
| Income Tax | $21.72M | - | $22.84M | $19.97M | $18.34M | - | $21.51M | $22.19M | $17.47M | - |
| Net Income | $71.27M | - | $69.61M | $62.77M | $59.60M | - | $66.65M | $72.23M | $58.14M | - |
| EPS - Basic | $1.83 | - | $1.78 | $1.60 | $1.51 | - | $1.69 | $1.83 | $1.48 | - |
| EPS - Diluted | $1.83 | - | $1.77 | $1.59 | $1.51 | - | $1.69 | $1.83 | $1.47 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $180.16M | $165.07M | $170.00M | $146.99M | $170.62M | $164.56M | $154.37M | $146.83M | $148.33M | $146.44M |
| Accounts Receivable | $325.01M | $306.45M | $306.95M | $333.75M | $294.42M | $279.21M | $277.35M | $299.05M | $279.08M | $294.68M |
| Inventory | $352.31M | $343.04M | $355.49M | $343.88M | $306.68M | $296.80M | $351.81M | $320.90M | $305.56M | $292.60M |
| Accounts Payable | $118.35M | $110.78M | $119.87M | $126.42M | $116.47M | $108.16M | $128.03M | $131.77M | $117.13M | $111.87M |
| Current Assets | $891.67M | $869.29M | $894.77M | $887.46M | $823.16M | $803.03M | $842.67M | $861.45M | $792.95M | $786.27M |
| Total Assets | $2.56B | $2.55B | $2.55B | $2.55B | $2.24B | $2.21B | $2.24B | $2.24B | $2.17B | $2.17B |
| Current Liabilities | $281.27M | $289.21M | $290.27M | $285.46M | $280.44M | $288.09M | $314.48M | $351.75M | $316.53M | $332.82M |
| Long-term Debt | $605.08M | $572.71M | $620.37M | $670.97M | $469.17M | $481.62M | $527.81M | $561.77M | $569.69M | $575.17M |
| Total Liabilities | $1.21B | $1.19B | $1.25B | $1.30B | $1.05B | $1.06B | $1.15B | $1.21B | $1.18B | $1.20B |
| Stockholders' Equity | $1.36B | $1.37B | $1.30B | $1.25B | $1.19B | $1.14B | $1.10B | $1.03B | $994.75M | $966.80M |
| Retained Earnings | $1.60B | $1.55B | $1.48B | $1.43B | $1.39B | $1.35B | $1.28B | $1.24B | $1.18B | $1.14B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $75.69M | - | - | - | $61.83M | - | - | - | $50.89M | - |
| Investing Cash Flow | ($10.55M) | - | - | - | ($10.77M) | - | - | - | ($11.22M) | - |
| Financing Cash Flow | ($47.22M) | - | - | - | ($45.61M) | - | - | - | ($29.09M) | - |
| CapEx | $10.59M | - | - | - | $10.78M | - | - | - | $11.22M | - |
| Free Cash Flow | $65.10M | - | - | - | $51.05M | - | - | - | $39.67M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 47.4% | - | 46.5% | 46.6% | 45.9% | - | 47.9% | 48.2% | 47.3% | - |
| Operating margin | 20.1% | - | 20.1% | 18.1% | 18.5% | - | 21.1% | 21.6% | 19.4% | - |
| EBITDA margin | 24.0% | - | 23.5% | 21.9% | 22.3% | - | - | - | 23.1% | - |
| Net margin | 15.4% | - | 14.9% | 13.2% | 14.1% | - | 15.4% | 15.6% | 14.1% | - |
| Free cash flow margin | 14.0% | - | - | - | 12.1% | - | - | - | 9.6% | - |
| FCF / Net income | 0.91 | - | - | - | 0.86 | - | - | - | 0.68 | - |
| R&D / Revenue | 3.5% | - | 3.5% | 3.6% | 3.7% | - | 3.9% | 3.7% | 3.9% | - |
| SG&A / Revenue | 23.2% | - | 22.0% | 23.6% | 22.3% | - | 22.0% | 22.7% | 22.8% | - |
| Effective tax rate | 23.4% | - | 24.7% | 24.1% | 23.5% | - | 24.4% | 23.5% | 23.1% | - |
| Return on assets | 2.8% | - | 2.7% | 2.5% | 2.7% | - | 3.0% | 3.2% | 2.7% | - |
| Return on equity | 5.3% | - | 5.3% | 5.0% | 5.0% | - | 6.1% | 7.0% | 5.8% | - |
| Return on invested capital | 3.6% | - | 3.7% | 3.4% | 3.6% | - | 4.3% | 4.8% | 3.9% | - |
| Liquidity | ||||||||||
| Current ratio | 3.17 | 3.01 | 3.08 | 3.11 | 2.94 | 2.79 | 2.68 | 2.45 | 2.51 | 2.36 |
| Quick ratio | 1.92 | 1.82 | 1.86 | 1.90 | 1.84 | 1.76 | 1.56 | 1.54 | 1.54 | 1.48 |
| Cash ratio | 0.64 | 0.57 | 0.59 | 0.51 | 0.61 | 0.57 | 0.49 | 0.42 | 0.47 | 0.44 |
| Leverage | ||||||||||
| Debt / Equity | 0.45 | 0.42 | 0.48 | 0.54 | 0.39 | 0.42 | 0.48 | 0.54 | 0.57 | 0.59 |
| Debt / Assets | 0.24 | 0.22 | 0.24 | 0.26 | 0.21 | 0.22 | 0.24 | 0.25 | 0.26 | 0.27 |
| Debt / EBITDA | 5.43 | - | 5.63 | 6.45 | 4.99 | - | - | - | 5.95 | - |
| Interest coverage | 12.1x | - | 11.2x | 8.9x | 7.2x | - | 10.0x | 10.3x | 7.5x | - |
| Equity multiplier | 1.89 | 1.87 | 1.96 | 2.04 | 1.88 | 1.93 | 2.05 | 2.17 | 2.19 | 2.24 |
| Liabilities / Assets | 0.47 | 0.46 | 0.49 | 0.51 | 0.47 | 0.48 | 0.51 | 0.54 | 0.54 | 0.55 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.18 | 0.19 | 0.19 | - | 0.19 | 0.21 | 0.19 | - |
| Inventory turnover | 0.69 | - | 0.71 | 0.74 | 0.74 | - | 0.64 | 0.75 | 0.71 | - |
| Days sales outstanding | 256d | - | 239d | 257d | 255d | - | 234d | 236d | 246d | - |
| Days inventory outstanding | 527d | - | 517d | 495d | 491d | - | 570d | 489d | 512d | - |
| Days payable outstanding | 177d | - | 174d | 182d | 187d | - | 207d | 201d | 196d | - |
| Cash conversion cycle | 606d | - | 582d | 570d | 560d | - | 597d | 524d | 562d | - |
| Valuation | ||||||||||
| P / E | 89.6x | - | 97.2x | 105.4x | 97.1x | - | 104.9x | 102.6x | 131.7x | - |
| P / B | 4.7x | - | 5.2x | 5.3x | 4.9x | - | 6.4x | 7.2x | 7.7x | - |
| P / S | 13.8x | - | 14.4x | 13.9x | 13.8x | - | 16.2x | 16.0x | 18.5x | - |
| EV / EBITDA | 61.2x | - | 65.4x | 68.5x | 64.8x | - | - | - | 84.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 10.0% | - | 8.3% | 2.5% | 1.9% | - | - | - | -7.5% | - |
| Revenue CAGR (3y) | 1.2% | - | 7.1% | 8.4% | 8.4% | - | 8.3% | 10.7% | 10.2% | - |
| Revenue CAGR (5y) | 8.5% | - | 9.0% | 8.6% | 4.3% | - | 5.5% | 6.4% | 4.9% | - |
| Gross profit growth (YoY) | 13.5% | - | 4.9% | -1.0% | -1.1% | - | - | - | -10.6% | - |
| Operating income growth (YoY) | 19.6% | - | 3.1% | -14.1% | -2.9% | - | - | - | -14.9% | - |
| Net income growth (YoY) | 19.6% | - | 4.4% | -13.1% | 2.5% | - | - | - | -10.9% | - |
| EPS growth (YoY) | 21.2% | - | 4.7% | -13.1% | 2.7% | - | - | - | -10.9% | - |
| EPS CAGR (3y) | 3.5% | - | 15.8% | 9.5% | 18.8% | - | 52.1% | 41.9% | 16.9% | - |
| EPS CAGR (5y) | 14.7% | - | 20.0% | 11.6% | 6.3% | - | 9.4% | 12.6% | 20.0% | - |
| FCF growth (YoY) | 27.5% | - | - | - | 28.7% | - | - | - | - | - |
| FCF CAGR (5y) | 12.6% | - | - | - | 48.6% | - | - | - | - | - |
| Book value growth (YoY) | 13.9% | 19.6% | 18.9% | 21.2% | 19.6% | 18.3% | - | - | 14.5% | 4.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.49B totalAmericas Segment$1.26B · 50.7%
International$612.97M · 24.6%
International Segment$612.97M · 24.6%
Product / service
$1.87B totalDetection$763.39M · 40.7%
Firefighter Safety$647.47M · 34.5%
Industrial PPEAnd Other$463.95M · 24.7%
Geographic
$1.87B totalUS$943.36M · 50.3%
Non Us$931.45M · 49.7%
Peer comparison
Same SIC group: Orthopedic, Prosthetic & Surgical Appliances & Supplies
Comparing MSA Safety Inc against the 5 most active filers in the same SIC group.
Dividends
$2.13/share trailing 12 months · +3.4% YoY
| Ex-date | Per share |
|---|---|
| May 15, 2026 | $0.5400 |
| Feb 13, 2026 | $0.5300 |
| Nov 14, 2025 | $0.5300 |
| Aug 15, 2025 | $0.5300 |
| May 15, 2025 | $0.5300 |
| Feb 14, 2025 | $0.5100 |
| Nov 15, 2024 | $0.5100 |
| Aug 15, 2024 | $0.5100 |
| May 14, 2024 | $0.5100 |
| Feb 14, 2024 | $0.4700 |
| Nov 14, 2023 | $0.4700 |
| Aug 15, 2023 | $0.4700 |
| May 15, 2023 | $0.4700 |
| Feb 13, 2023 | $0.4600 |
| Nov 14, 2022 | $0.4600 |
| Aug 15, 2022 | $0.4600 |
| May 13, 2022 | $0.4600 |
| Feb 11, 2022 | $0.4400 |
| Nov 12, 2021 | $0.4400 |
| Aug 13, 2021 | $0.4400 |
| May 14, 2021 | $0.4400 |
| Feb 18, 2021 | $0.4300 |
| Nov 10, 2020 | $0.4300 |
| Aug 14, 2020 | $0.4300 |