MSA Safety (MSA)

NYSE Industrials Office Services & Supplies S&P MidCap 400

$170.14

+0.15 (+0.09%)

Close of Nov 06, 2026 · end-of-day data

Source: MSA Safety's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.15B	$1.20B	$1.36B	$1.40B	$1.35B	$1.40B	$1.53B	$1.79B	$1.81B	$1.87B
Cost of revenue	$627.28M	$657.92M	$746.24M	$763.35M	$752.73M	$784.83M	$854.12M	$935.51M	$947.70M	$1.00B
Gross profit	$522.25M	$538.89M	$611.86M	$638.63M	$595.49M	$615.35M	$673.83M	$852.14M	$860.45M	$871.11M
Research & development	$46.85M	$50.06M	$52.70M	$57.85M	$58.27M	$57.79M	$57.01M	$67.99M	$66.53M	$65.34M
Selling, general & admin	$308.24M	$300.06M	$324.78M	$330.50M	$290.33M	$332.86M	$338.87M	$396.64M	$394.71M	$414.25M
Operating income	$160.70M	$39.58M	$173.48M	$188.25M	$171.90M	$22.78M	$239.14M	$231.32M	$389.18M	$371.82M
Interest expense	$16.41M	$15.36M	$18.88M	$13.59M	$9.43M	$10.76M	$21.66M	$46.73M	$36.89M	$31.80M
Pre-tax income	$151.91M	$29.77M	$162.34M	$185.75M	$168.15M	$23.60M	$238.53M	$206.69M	$375.01M	$366.40M
Income tax	$57.80M	$2.82M	$37.22M	$46.55M	$43.01M	$1.82M	$58.90M	$148.10M	$90.04M	$87.47M
Net income	$91.94M	$26.03M	$124.15M	$138.00M	$124.08M	$21.34M	$179.63M	$58.58M	$284.97M	$278.92M
EBITDA	$195.97M	$77.45M	$211.33M	$226.27M	$211.57M	$68.20M	$286.25M	$292.09M	$453.51M	$443.41M
EPS (basic)	$2.45	$0.68	$3.23	$3.56	$3.19	$0.54	$4.58	$1.49	$7.24	$7.11
EPS (diluted)	$2.42	$0.67	$3.18	$3.52	$3.15	$0.54	$4.56	$1.48	$7.21	$7.09
Diluted shares	37.99M	38.70M	38.96M	39.19M	39.29M	39.45M	39.41M	39.47M	39.53M	39.35M
Gross margin	45.4%	45.0%	45.1%	45.6%	44.2%	43.9%	44.1%	47.7%	47.6%	46.5%
Operating margin	14.0%	3.3%	12.8%	13.4%	12.7%	1.6%	15.7%	12.9%	21.5%	19.8%
Net margin	8.0%	2.2%	9.1%	9.8%	9.2%	1.5%	11.8%	3.3%	15.8%	14.9%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$113.76M	$134.24M	$140.09M	$152.19M	$160.67M	$140.90M	$162.90M	$146.44M	$164.56M	$165.07M
Receivables	$209.51M	$244.20M	$245.03M	$255.08M	$252.28M	$254.19M	$297.03M	$294.68M	$279.21M	$306.45M
Inventory	$103.07M	$153.74M	$156.60M	$185.03M	$244.97M	$280.62M	$338.32M	$292.60M	$296.80M	$343.04M
Total current assets	$472.81M	$622.30M	$656.62M	$693.36M	$801.42M	$792.80M	$880.13M	$786.27M	$803.03M	$869.29M
Goodwill	$333.28M	$422.19M	$413.64M	$436.68M	$443.27M	$636.86M	$620.62M	$627.53M	$620.89M	$731.59M
Total assets	$1.35B	$1.68B	$1.61B	$1.78B	$1.92B	$2.40B	$2.38B	$2.17B	$2.21B	$2.55B
Total current liabilities	$221.41M	$289.28M	$282.06M	$277.51M	$310.55M	$330.61M	$345.87M	$332.82M	$288.09M	$289.21M
Short-term debt	$26.67M	$26.68M	$20.06M	$20.00M	$20.00M	$0	$7.39M	$26.52M	$26.39M	$8.22M
Long-term debt	$363.84M	$447.83M	$341.31M	$328.39M	$287.16M	$597.65M	$565.45M	$575.17M	$481.62M	$572.71M
Total debt	$390.50M	$474.51M	$361.37M	$348.39M	$307.16M	$597.65M	$572.83M	$601.69M	$508.01M	$580.93M
Total liabilities	$792.71M	$1.08B	$968.49M	$1.01B	$1.07B	$1.56B	$1.45B	$1.20B	$1.06B	$1.19B
Shareholders' equity	$558.16M	$597.60M	$633.88M	$725.80M	$839.20M	$834.39M	$923.74M	$966.80M	$1.14B	$1.37B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$134.89M	$230.34M	$263.89M	$164.96M	$206.56M	$199.15M	$157.46M	$92.86M	$296.43M	$363.87M
Capital expenditures	$25.52M	$23.73M	$33.96M	$36.60M	$48.91M	$43.84M	$42.55M	$42.76M	$54.22M	$68.44M
Free cash flow	$109.37M	$206.61M	$229.93M	$128.36M	$157.65M	$155.31M	$114.90M	$50.09M	$242.21M	$295.43M
Investing cash flow	-$25.46M	-$239.20M	-$84.39M	-$64.16M	-$72.77M	-$415.47M	-$4.48M	-$39.95M	-$53.76M	-$257.63M
Financing cash flow	-$99.35M	$25.60M	-$163.27M	-$84.62M	-$126.53M	$203.93M	-$113.35M	-$52.25M	-$208.69M	-$105.47M
Dividends paid	$49.07M	$52.54M	$57.25M	$63.52M	$66.58M	$68.59M	$71.50M	$73.49M	$78.76M	$82.34M
Stock-based compensation	$9.21M	$11.76M	$12.24M	$13.76M	$6.92M	$18.91M	$19.65M	$30.02M	$18.18M	$15.20M
Depreciation & amortization	$35.27M	$37.88M	$37.85M	$38.02M	$39.67M	$45.42M	$47.11M	$60.77M	$64.33M	$71.59M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$495.36M	$413.30M	$462.46M	$432.68M	$499.70M	$421.34M	$474.12M	$468.44M	$510.91M	$463.63M	$503.33M	$536.43M
Cost of revenue	$257.17M	$217.77M	$239.43M	$225.22M	$265.27M	$227.94M	$253.41M	$250.83M	$271.52M	$244.05M	$254.04M	$292.20M
Gross profit	$238.18M	$195.53M	$223.03M	$207.46M	$234.43M	$193.40M	$220.71M	$217.62M	$239.39M	$219.58M	$249.29M	$244.23M
Research & development	$19.08M	$15.92M	$17.07M	$16.71M	$16.83M	$15.67M	$17.00M	$16.52M	$16.16M	$16.36M	$19.15M	$19.96M
Selling, general & admin	$107.04M	$94.15M	$105.08M	$95.10M	$100.38M	$93.97M	$112.08M	$102.85M	$105.36M	$107.68M	$114.07M	$132.38M
Operating income	$102.25M	$80.11M	$99.94M	$91.48M	$117.64M	$77.76M	$85.86M	$94.31M	$113.89M	$93.01M	$111.96M	$88.23M
Interest expense	$9.58M	$10.74M	$9.66M	$9.15M	$7.33M	$6.83M	$8.12M	$8.42M	$8.43M	$7.70M	$7.95M	$13.76M
Pre-tax income	$99.28M	$75.61M	$94.43M	$88.16M	$116.81M	$77.95M	$82.75M	$92.46M	$113.25M	$92.99M	$111.39M	$81.95M
Income tax	$22.87M	$17.47M	$22.19M	$21.51M	$28.87M	$18.34M	$19.97M	$22.84M	$26.32M	$21.72M	$25.19M	$23.56M
Net income	$76.41M	$58.14M	$72.23M	$66.65M	$87.95M	$59.60M	$62.77M	$69.61M	$86.93M	$71.27M	$86.19M	$58.40M
EBITDA	$118.06M	$95.67M	$115.99M	$107.44M	$134.41M	$94.01M	$103.96M	$112.89M	$132.54M	$111.37M	$131.28M	$111.24M
EPS (basic)	$1.94	$1.48	$1.83	$1.69	$2.23	$1.51	$1.60	$1.78	$2.22	$1.83	$2.23	$1.51
EPS (diluted)	$1.93	$1.47	$1.83	$1.69	$2.22	$1.51	$1.59	$1.77	$2.21	$1.83	$2.23	$1.51
Diluted shares	206.00K	39.56M	39.54M	39.49M	5.00K	39.50M	39.36M	39.28M	-34.00K	38.99M	38.70M	38.65M
Gross margin	48.1%	47.3%	48.2%	47.9%	46.9%	45.9%	46.6%	46.5%	46.9%	47.4%	49.5%	45.5%
Operating margin	20.6%	19.4%	21.6%	21.1%	23.5%	18.5%	18.1%	20.1%	22.3%	20.1%	22.2%	16.4%
Net margin	15.4%	14.1%	15.6%	15.4%	17.6%	14.1%	13.2%	14.9%	17.0%	15.4%	17.1%	10.9%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$146.44M	$148.33M	$146.83M	$154.37M	$164.56M	$170.62M	$146.99M	$170.00M	$165.07M	$180.16M	$200.06M	$187.25M
Receivables	$294.68M	$279.08M	$299.05M	$277.35M	$279.21M	$294.42M	$333.75M	$306.95M	$306.45M	$325.01M	$347.88M	$374.21M
Inventory	$292.60M	$305.56M	$320.90M	$351.81M	$296.80M	$306.68M	$343.88M	$355.49M	$343.04M	$352.31M	$350.12M	$370.60M
Total current assets	$786.27M	$792.95M	$861.45M	$842.67M	$803.03M	$823.16M	$887.46M	$894.77M	$869.29M	$891.67M	$934.84M	$990.74M
Goodwill	$627.53M	$625.05M	$624.64M	$632.84M	$620.89M	$627.20M	$733.25M	$732.22M	$731.59M	$727.44M	$726.05M	$1.04B
Total assets	$2.17B	$2.17B	$2.24B	$2.24B	$2.21B	$2.24B	$2.55B	$2.55B	$2.55B	$2.56B	$2.60B	$3.28B
Total current liabilities	$332.82M	$316.53M	$351.75M	$314.48M	$288.09M	$280.44M	$285.46M	$290.27M	$289.21M	$281.27M	$288.90M	$373.70M
Short-term debt	$26.52M	$26.46M	$26.47M	$26.91M	$26.39M	$32.89M	$8.38M	$8.21M	$8.22M	$8.07M	$8.10M	$33.10M
Long-term debt	$575.17M	$569.69M	$561.77M	$527.81M	$481.62M	$469.17M	$670.97M	$620.37M	$572.71M	$605.08M	$591.65M	$1.09B
Total debt	$601.69M	$596.15M	$588.24M	$554.72M	$508.01M	$502.06M	$679.35M	$628.58M	$580.93M	$613.15M	$599.74M	$1.12B
Total liabilities	$1.20B	$1.18B	$1.21B	$1.15B	$1.06B	$1.05B	$1.30B	$1.25B	$1.19B	$1.21B	$1.20B	$1.84B
Shareholders' equity	$966.80M	$994.75M	$1.03B	$1.10B	$1.14B	$1.19B	$1.25B	$1.30B	$1.37B	$1.36B	$1.40B	$1.43B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$158.91M	$50.89M	$53.30M	$84.33M	$107.91M	$61.83M	$67.22M	$112.46M	$122.35M	$75.69M	$95.38M	$82.31M
Capital expenditures	$11.79M	$11.22M	$14.34M	$14.25M	$14.41M	$10.78M	$29.33M	$11.99M	$16.33M	$10.59M	$12.67M	$14.13M
Free cash flow	$147.13M	$39.67M	$38.96M	$70.08M	$93.50M	$51.05M	$37.88M	$100.48M	$106.02M	$65.10M	$82.70M	$68.18M
Investing cash flow	-$11.66M	-$11.22M	-$14.27M	-$14.24M	-$14.03M	-$10.77M	-$217.11M	-$11.99M	-$17.77M	-$10.55M	-$12.67M	-$577.22M
Financing cash flow	-$162.76M	-$29.09M	-$38.63M	-$68.45M	-$72.52M	-$45.61M	$119.59M	-$71.81M	-$107.64M	-$47.22M	-$58.73M	$487.96M
Dividends paid	$18.49M	$18.49M	$20.10M	$20.08M	$20.09M	$20.03M	$20.85M	$20.76M	$20.71M	$20.56M	$20.85M	$20.83M
Stock-based compensation	$8.52M	$4.19M	$5.04M	$4.22M	$4.74M	$2.63M	$5.37M	$3.35M	$3.85M	$3.81M	$7.81M	$7.64M
Depreciation & amortization	$15.81M	$15.56M	$16.05M	$15.96M	$16.77M	$16.25M	$18.10M	$18.59M	$18.66M	$18.35M	$19.32M	$23.01M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.