MSA Safety

US · MSA #1784 by market cap Listed 1970

179.28 -3.17 -1.74%

Live - 5344 symbols - heartbeat 145s ago · 2026-10-08 07:54

Pre-market 176.60 -1.49%

After-hours 179.28 0.00%

Market cap: 6.92B
P/E (TTM): 22.30
P/B: 4.95
EPS: 7.09
Div yield: 1.19%
52W pos: 52%

Reader sentiment Are you bullish or bearish on MSA?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Good

Altman Z-Score is 5.85, above the 3.0 "safe zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year +3.69% YoY

Margins

Gross margin: 46.46%
Operating margin: 20.88%
Net margin: 14.87%

Key ratios & quality

Enterprise value: 7.33B
PEG ratio: 1.41
Altman Z-Score: 5.85

PEG uses trailing P/E against the 3-year net income growth rate (15.80%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	1.36B	1.40B	1.35B	1.40B	1.53B	1.79B	1.81B	1.87B
Gross profit	611.86M	638.63M	595.49M	615.35M	673.83M	852.14M	860.45M	871.11M
Selling & admin expenses	324.78M	330.50M	290.33M	332.86M	338.87M	396.65M	394.71M	414.25M
Research & development	52.70M	57.85M	58.27M	57.79M	57.01M	67.99M	66.53M	65.34M
Operating profit	234.38M	250.28M	246.89M	224.69M	277.95M	387.51M	399.21M	391.52M
Pretax profit	162.34M	185.75M	168.15M	23.60M	238.53M	206.69M	375.01M	366.40M
Tax	37.22M	46.55M	43.01M	1.82M	58.90M	148.11M	90.04M	87.47M
Net profit	125.12M	139.21M	125.14M	21.79M	179.63M	58.58M	284.97M	278.92M
Basic EPS	3	4	3	1	5	1	7	7
Diluted EPS	3.18	3.52	3.15	0.54	4.56	1.48	7.21	7.09

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	421.34M	474.12M	468.45M	510.91M	463.63M	503.33M
Gross profit	193.40M	220.71M	217.62M	239.39M	219.58M	249.29M
Selling & admin expenses	93.97M	112.08M	102.85M	105.36M	107.68M	114.07M
Research & development	15.67M	17.00M	16.52M	16.16M	16.36M	19.15M
Operating profit	83.76M	91.64M	98.24M	117.88M	95.54M	116.06M
Pretax profit	77.95M	82.75M	92.46M	113.25M	92.99M	111.39M
Tax	18.34M	19.97M	22.84M	26.32M	21.72M	25.19M
Net profit	59.61M	62.77M	69.61M	86.93M	71.27M	86.19M
Basic EPS	2	2	2	2	2	2
Diluted EPS	1.51	1.59	1.77	2.21	1.83	2.23

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	656.62M	693.36M	801.43M	792.80M	880.13M	786.27M	803.03M	869.29M
Cash & ST investments	195.20M	202.09M	235.65M	189.87M	172.81M	146.44M	164.56M	165.07M
Inventory	156.60M	185.03M	244.97M	280.62M	338.32M	292.60M	296.80M	343.04M
Total assets	1.61B	1.74B	1.92B	2.40B	2.38B	2.17B	2.21B	2.55B
Total current liabilities	282.06M	277.51M	310.55M	330.61M	345.87M	332.82M	288.09M	289.21M
Short-term debt	20.06M	20.00M	20.00M	--	7.39M	26.52M	26.39M	8.23M
Long-term debt	341.31M	328.39M	287.16M	597.65M	565.45M	575.17M	481.62M	572.71M
Total liabilities	968,493,000.00	1,007,120,000.00	1,072,437,000.00	1,562,008,000.00	1,453,235,000.00	1,203,348,000.00	1,062,465,000.00	1,187,362,000.00
Total equity	639.52M	732.57M	847.19M	834.39M	923.74M	966.80M	1.14B	1.37B
Retained earnings	935.58M	1.01B	1.10B	1.05B	1.16B	1.14B	1.35B	1.55B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	823.16M	887.46M	894.77M	869.29M	891.67M	934.84M
Cash & ST investments	170.62M	146.99M	170.00M	165.07M	180.16M	200.06M
Inventory	306.68M	343.88M	355.49M	343.04M	352.31M	350.12M
Total assets	2.24B	2.55B	2.55B	2.55B	2.56B	2.60B
Total current liabilities	280.44M	285.46M	290.27M	289.21M	281.27M	288.90M
Short-term debt	32.89M	8.38M	8.21M	8.23M	8.07M	8.10M
Long-term debt	469.17M	670.97M	620.37M	572.71M	605.08M	591.65M
Total liabilities	1,045,740,000.00	1,297,569,000.00	1,251,187,000.00	1,187,362,000.00	1,208,626,000.00	1,199,854,000.00
Total equity	1.19B	1.25B	1.30B	1.37B	1.36B	1.40B
Retained earnings	1.39B	1.43B	1.48B	1.55B	1.60B	1.66B

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	263.89M	164.96M	206.56M	199.15M	157.46M	92.86M	296.43M	363.87M
Depreciation & amortization	37.85M	38.02M	39.67M	50.32M	56.32M	60.77M	64.33M	71.59M
Free cash flow	229.93M	128.36M	157.65M	150.02M	113.51M	50.09M	242.21M	295.43M
Dividends paid	-57.25M	-63.52M	-66.58M	-68.59M	-71.50M	-73.49M	-78.76M	-82.34M
Stock buybacks / issuance	-4.82M	-12.65M	-29.14M	-6.17M	-34.39M	-3.96M	-37.34M	-89.96M
Ending cash balance	140.60M	152.54M	161.03M	141.44M	164.43M	148.41M	165.10M	165.99M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	61.83M	67.22M	112.46M	122.35M	75.69M	95.38M
Depreciation & amortization	16.25M	18.10M	18.59M	18.66M	18.35M	19.32M
Free cash flow	51.05M	37.88M	100.48M	106.02M	65.10M	82.70M
Dividends paid	-20.03M	-20.85M	-20.76M	-20.71M	-20.56M	-20.85M
Stock buybacks / issuance	-18.34M	-30.53M	-1.15M	-39.94M	-60.44M	-25.95M
Ending cash balance	171.30M	147.95M	170.93M	165.99M	181.34M	201.31M

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	20.28	20.14	15.78	2.61	20.51	6.21	27.10	22.28
ROA %	7.54	8.14	6.64	1.00	7.52	2.57	13.02	11.72
ROIC %	13.12	13.60	10.99	2.17	12.83	5.67	18.62	16.21
5-year avg ROE %	14.35	15.19	15.66	12.72	15.92	13.11	14.46	15.73
EBIT margin %	13.34	14.07	12.80	2.45	17.03	14.18	22.78	21.24
FCF / sales %	16.93	9.16	11.69	10.71	7.43	2.80	13.40	15.76
Current ratio	2.33	2.50	2.58	2.40	2.54	2.36	2.79	3.01
Quick ratio	1.57	1.66	1.58	1.35	1.38	1.33	1.54	1.63
Debt / assets	22.47	22.48	18.33	26.64	25.59	29.78	25.12	24.55
LT debt / equity	54.15	51.37	39.71	76.83	65.29	64.33	46.29	45.39
Interest coverage	9.60	14.52	18.29	3.19	12.01	5.42	11.17	12.52
Revenue CAGR (3Y) %	6.30	6.84	4.05	1.02	2.91	9.86	8.90	7.06
Net income CAGR (3Y) %	20.58	14.50	68.30	-44.40	9.19	-22.13	137.25	15.80
FCF CAGR (3Y) %	129.53	5.48	-8.62	-13.27	-4.01	-31.76	17.31	37.55

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	26.30	24.30	23.41	22.28	22.89	23.72
ROA %	12.99	11.55	11.67	11.72	12.11	12.19
ROIC %	18.50	16.52	16.52	16.21	16.85	16.87
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	22.59	21.73	21.50	21.24	21.60	22.74
FCF / sales %	13.96	13.81	15.18	15.76	16.14	18.20
Current ratio	2.94	3.11	3.08	3.01	3.17	3.24
Quick ratio	1.66	1.68	1.64	1.63	1.80	1.90
Debt / assets	24.50	28.47	26.41	24.55	25.68	24.74
LT debt / equity	43.39	57.45	51.29	45.39	48.10	45.45
Interest coverage	12.44	12.63	13.05	12.52	12.68	13.62
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Diversified

Detection is the largest reported line at 40.01% of revenue, across 3 reported segments.
No single line clears half of revenue; Fire Service is next at 32.16%, spreading the business across more than one real driver.

Revenue breakdown most recent period

Business

Detection40.01%

Fire Service32.16%

Industrial Personal Protective Equipment (PPE) and Other27.83%

Quote time 2026-10-08 07:54:25 · For reference only, not investment advice and not tailored to your situation.