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MSAMSA Safety Incorporated
$170.34$6.6B
Overview & Verdict
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MSA logoMSA Safety Incorporated(MSA)Earnings, Financials & Key Ratios

MSA•NYSE
$170.34
24.0× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustrySecurity ServicesSub-IndustrySafety, Emergency and Risk Response
AboutMSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, utilities, military, and mining industries in North America, Latin America, and internationally. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air. Its core product offerings also comprise breathing apparatus products, such as self-contained breathing apparatus; hand-held portable gas detection instruments; industrial head protection products; firefighter helmets and protective apparel; and fall protection equipment, including confined space equipment, harnesses, lanyards, and self-retracting lifelines, as well as engineered systems. In addition, the company offers air-purifying respirators, eye and face protection products, ballistic helmets, and gas masks. It serves distributors and end-users through indirect and direct sales channels. The company offers its product under the V-Gard, Cairns, and Gallet brand names. MSA Safety Incorporated was founded in 1914 and is based in Cranberry Township, Pennsylvania.Show more
  • Revenue$1.87B+3.7%
  • EBITDA$474M+4.4%
  • Net Income$279M-2.1%
  • EPS (Diluted)7.09-1.7%
  • Gross Margin46.46%-2.4%
  • EBITDA Margin25.26%+0.7%
  • Operating Margin21.44%-0.4%
  • Net Margin14.88%-5.6%
  • ROE22.22%-17.7%

MSA Price & Volume

MSA Safety Incorporated (MSA) stock price & volume — 10-year historical chart

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Cyclical Revenue Volatility Masks Resilient Margin Profile

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Municipal Procurement Timing Volatility

Key Thesis Takeaways

  • MSA Safety demonstrates a robust competitive moat through its mission-critical safety equipment, though investors must navigate the inherent lumpiness of municipal procurement cycles that drive inconsistent revenue growth.
  • While the company maintains a disciplined balance sheet with a debt-to-equity ratio of 0.45 as of 2026Q1, the reliance on past acquisitions—evidenced by $727.4M in goodwill—warrants careful monitoring of future integration success.
  • The firm's commitment to shareholder returns, highlighted by $50.4M in recent quarterly buybacks, provides a compelling value proposition despite the volatility in operating cash flow conversion.

Verdict Logic

while the forward P/E of 19.20 suggests a reasonable valuation, the erratic OCF/NI ratio, which reached a low of 0.74 in 2024Q2, indicates that cash flow predictability remains a significant risk factor for investors.

MSA Growth Metrics

MSA Safety Incorporated (MSA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.19%
5 Years6.82%
3 Years7.06%
TTM5.56%

Profit CAGR

10 Years14.69%
5 Years17.59%
3 Years15.8%
TTM1.45%

EPS CAGR

10 Years14.26%
5 Years17.54%
3 Years15.85%
TTM2.07%

Return on Capital

10 Years11.93%
5 Years12.96%
3 Years17.3%
Last Year19.22%

MSA Recent Earnings

MSA Safety Incorporated (MSA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 4, 2026
Metric
Actual
Est
EPS
$1.99+7.6%
$1.85
Rev
$464M+2.7%
$451M
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$2.38+5.3%
$2.26
Rev
$511M+0.6%
$508M
Q4 2025
Oct 28, 2025
Metric
Actual
Est
EPS
$1.94+2.1%
$1.90
Rev
$468M-7.9%
$509M
Q3 2025
Aug 4, 2025
Metric
Actual
Est
EPS
$1.93+9.7%
$1.76
Rev
$474M+3.6%
$457M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 4, 2026
$1.99vs $1.85+7.6%
$464Mvs $451M+2.7%
Q1 2026Feb 11, 2026
$2.38vs $2.26+5.3%
$511Mvs $508M+0.6%
Q4 2025Oct 28, 2025
$1.94vs $1.90+2.1%
$468Mvs $509M-7.9%
Q3 2025Aug 4, 2025
$1.93vs $1.76+9.7%
$474Mvs $457M+3.6%
Based on last 12 quarters of dataView full earnings history →

Latest MSA News

Recent stock market news and headlines for MSA Safety Incorporated (MSA)

Business Wire·Jun 16, 2026
Tower MSA Partners Releases First-Ever Workers' Compensation Medicare Secondary Payer (MSP) Outcomes & Regulatory Insights Report

DELRAY BEACH, Fla.--(BUSINESS WIRE)--Tower MSA Partners, an industry-leading provider of Medicare Secondary Payer (MSP) compliance and Medicare Set-Aside (MSA) services, today released the first-of-its-kind Workers' Compensation Medicare Secondary Payer Outcomes & Regulatory Insights Report to serve as a benchmark for industry stakeholders evaluating their MSP strategy. The comprehensive report was created utilizing a wide range of aggregated, anonymized performance metrics from 2022–2025 t.

Seeking Alpha·Jun 15, 2026
MSA Safety: A Recipe For Growth

MSA Safety is a Dividend King with a 56-year streak, robust cash flow, and a disciplined growth strategy via innovation and bolt-on M&A. Recent Q1 2026 results showed 10% revenue growth and 18% non-GAAP EPS growth, beating consensus and supporting a positive outlook. MSA trades at ~18x 2026E EPS, below its 5-year average, with a fair value estimate of $177.60 versus a current price of ~$159.89, indicating undervaluation.

Peers Comparison

Key metrics vs top competitors for MSA Safety Incorporated (MSA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MSA logoMSAMSA Safety IncorporatedCurrent
$170.34$6.6B24.033.69%14.88%22.22%1.23%
HON logoHONHoneywell International Inc.
$225.05$71.3B15.297.85%11.16%23.05%—
MMM logoMMM3M Company
$158.00$82.41B26.331.52%11.14%65.25%—
ROP logoROPRoper Technologies, Inc.
$363.76$37.44B25.6212.26%21.12%8.75%—
GNSS logoGNSSGenasys Inc.
$1.67$76.06M-4.1869.76%-13.44%-314.53%—
AMSF logoAMSFAMERISAFE, Inc.
$35.45$663.05M14.352.63%14.27%17.85%—

Compare MSA vs Peers

MSA Safety Incorporated (MSA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HON

Most directly comparable listed peer for MSA.

Scale Benchmark

vs MMM

Larger-name benchmark to compare MSA against a more recognizable public peer.

Peer Set

Compare Top 5

vs HON, MMM, ROP, GNSS

MSA SEC Filings & Documents

MSA Safety Incorporated (MSA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

May 4, 2026·SEC

Material company update

Feb 26, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 16, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 5, 2026·SEC

FY 2025

Oct 29, 2025·SEC

FY 2025

Aug 5, 2025·SEC

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MSA Frequently Asked Questions

MSA Safety Incorporated (MSA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is MSA Safety Incorporated's revenue?

MSA Safety Incorporated (MSA) reported $1.92B in revenue for fiscal year 2025. This represents a 283% increase from $501.0M in 1996.

How fast is MSA Safety Incorporated growing?

MSA Safety Incorporated (MSA) grew revenue by 3.7% over the past year. Growth has been modest.

Is MSA profitable?

Yes, MSA Safety Incorporated (MSA) is profitable, generating $290.6M in net income for fiscal year 2025 (14.9% net margin).

Dividend & Returns
Does MSA pay dividends?

Yes, MSA Safety Incorporated (MSA) pays a dividend with a yield of 1.23%. This makes it attractive for income-focused investors.

What is MSA's return on equity?

MSA Safety Incorporated (MSA) has a return on equity (ROE) of 22.2%. This is excellent, indicating efficient use of shareholder capital.

What is MSA Safety Incorporated's free cash flow?

MSA Safety Incorporated (MSA) generated $309.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in MSA back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →