MSA Safety Incorporated (MSA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 463.63M | 510.91M | 468.44M | 474.12M | 421.34M | 499.7M | 432.68M | 462.46M | 413.3M | 495.36M | 446.73M | 447.3M | 398.26M | 443.25M | 381.69M | 372.31M | 330.69M | 410.27M | 340.2M | 341.29M |
| Revenue Growth % | 10.04% | 2.24% | 8.27% | 2.52% | 1.94% | 0.88% | -3.14% | 3.39% | 3.78% | 11.75% | 17.04% | 20.14% | 20.43% | 8.04% | 12.2% | 9.09% | 7.22% | 5.67% | 11.76% | 8.54% |
| Cost of Goods Sold | 244.05M | 271.52M | 250.83M | 253.41M | 227.94M | 265.27M | 225.22M | 239.43M | 217.77M | 257.17M | 227.97M | 233.5M | 216.86M | 246M | 212.3M | 207.91M | 187.91M | 228.57M | 190.76M | 188.29M |
| COGS % of Revenue | 52.64% | 53.14% | 53.54% | 53.45% | 54.1% | 53.09% | 52.05% | 51.77% | 52.69% | 51.92% | 51.03% | 52.2% | 54.45% | 55.5% | 55.62% | 55.84% | 56.82% | 55.71% | 56.07% | 55.17% |
| Gross Profit | 219.58M | 239.39M | 217.62M | 220.71M | 193.4M | 234.43M | 207.46M | 223.03M | 195.53M | 238.18M | 218.76M | 213.8M | 181.4M | 197.25M | 169.4M | 164.4M | 142.78M | 181.7M | 149.44M | 153M |
| Gross Margin % | 47.36% | 46.86% | 46.46% | 46.55% | 45.9% | 46.91% | 47.95% | 48.23% | 47.31% | 48.08% | 48.97% | 47.8% | 45.55% | 44.5% | 44.38% | 44.16% | 43.18% | 44.29% | 43.93% | 44.83% |
| Gross Profit Growth % | 13.54% | 2.12% | 4.9% | -1.04% | -1.09% | -1.58% | -5.17% | 4.32% | 7.79% | 20.75% | 29.14% | 30.05% | 27.04% | 8.56% | 13.35% | 7.45% | 5.93% | 14.08% | 13.01% | 8.05% |
| Operating Expenses | 121.85M | 95.35M | 123.3M | 134.85M | 115.63M | 116.78M | 115.98M | 123.08M | 115.42M | 135.93M | 124.64M | 118.79M | 241.46M | 126.63M | 105.08M | 102.86M | 100.12M | 266.96M | 117.04M | 117.86M |
| OpEx % of Revenue | 26.28% | 18.66% | 26.32% | 28.44% | 27.44% | 23.37% | 26.8% | 26.62% | 27.93% | 27.44% | 27.9% | 26.56% | 60.63% | 28.57% | 27.53% | 27.63% | 30.27% | 65.07% | 34.4% | 34.54% |
| Selling, General & Admin | 107.68M | 105.36M | 102.85M | 112.08M | 93.97M | 100.38M | 95.1M | 105.08M | 94.15M | 107.04M | 102.17M | 96.34M | 91.09M | 91.49M | 82.75M | 86.08M | 78.55M | 86.52M | 87.45M | 83.43M |
| SG&A % of Revenue | 23.23% | 20.62% | 21.96% | 23.64% | 22.3% | 20.09% | 21.98% | 22.72% | 22.78% | 21.61% | 22.87% | 21.54% | 22.87% | 20.64% | 21.68% | 23.12% | 23.75% | 21.09% | 25.71% | 24.44% |
| Research & Development | 16.36M | 16.16M | 16.52M | 17M | 15.67M | 16.83M | 16.71M | 17.07M | 15.92M | 19.08M | 17.68M | 15.99M | 15.23M | 13.99M | 14.42M | 15.27M | 13.33M | 15.64M | 14.95M | 13.97M |
| R&D % of Revenue | 3.53% | 3.16% | 3.53% | 3.58% | 3.72% | 3.37% | 3.86% | 3.69% | 3.85% | 3.85% | 3.96% | 3.58% | 3.82% | 3.16% | 3.78% | 4.1% | 4.03% | 3.81% | 4.39% | 4.09% |
| Other Operating Expenses | -1000K | -1000K | 1000K | 1000K | 1000K | -424K | 1000K | 940K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 97.73M | 144.05M | 94.31M | 85.86M | 77.76M | 117.64M | 91.48M | 99.94M | 80.11M | 102.25M | 94.12M | 95.01M | -60.06M | 70.62M | 64.31M | 61.54M | 42.67M | -85.27M | 32.4M | 35.13M |
| Operating Margin % | 21.08% | 28.19% | 20.13% | 18.11% | 18.46% | 23.54% | 21.14% | 21.61% | 19.38% | 20.64% | 21.07% | 21.24% | -15.08% | 15.93% | 16.85% | 16.53% | 12.9% | -20.78% | 9.52% | 10.29% |
| Operating Income Growth % | 25.68% | 22.45% | 3.1% | -14.09% | -2.93% | 15.06% | -2.81% | 5.2% | 233.38% | 44.79% | 46.35% | 54.39% | -240.76% | 182.82% | 98.48% | 75.14% | -3.21% | -557.5% | -21.26% | -27.25% |
| EBITDA | 116.08M | 162.71M | 112.89M | 103.96M | 94.01M | 134.41M | 107.44M | 115.99M | 95.67M | 118.06M | 109.63M | 109.9M | -45.49M | 85.05M | 78.11M | 75.46M | 56.83M | -71.22M | 46.58M | 46.72M |
| EBITDA Margin % | 25.04% | 31.85% | 24.1% | 21.93% | 22.31% | 26.9% | 24.83% | 25.08% | 23.15% | 23.83% | 24.54% | 24.57% | -11.42% | 19.19% | 20.46% | 20.27% | 17.19% | -17.36% | 13.69% | 13.69% |
| EBITDA Growth % | 23.47% | 21.05% | 5.08% | -10.37% | -1.73% | 13.85% | -2% | 5.54% | 310.32% | 38.8% | 40.35% | 45.64% | -180.04% | 219.42% | 67.67% | 61.51% | 4.11% | -345.36% | -8.67% | -19.56% |
| D&A (Non-Cash Add-back) | 18.35M | 18.66M | 18.59M | 18.1M | 16.25M | 16.77M | 15.96M | 16.05M | 15.56M | 15.81M | 15.5M | 14.89M | 14.57M | 14.43M | 13.8M | 13.92M | 14.16M | 14.05M | 14.18M | 11.58M |
| EBIT | 97.73M | 125.47M | 100.87M | 90.86M | 84.78M | 124.15M | 97.31M | 104.09M | 86.35M | 108.86M | 100.16M | 100.66M | -56.26M | 76.56M | 66.67M | 67.95M | 49.01M | -82.46M | 34.67M | 37.43M |
| Net Interest Income | -7.7M | -8.43M | -8.42M | -8.12M | -6.83M | -314K | -9.15M | -9.66M | -10.74M | -1.4M | -12.5M | -13.18M | -11.48M | -7.5M | -5.96M | -4.58M | -3.62M | 345K | -3.76M | -2.17M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 7.02M | 0 | 0 | 0 | 8.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.26M | 0 | 0 |
| Interest Expense | 7.7M | 8.43M | 8.42M | 8.12M | 6.83M | 7.33M | 9.15M | 9.66M | 10.74M | 9.58M | 12.5M | 13.18M | 11.48M | 7.5M | 5.96M | 4.58M | 3.62M | 2.91M | 3.76M | 2.17M |
| Other Income/Expense | -4.74M | -30.8M | -1.85M | -3.12M | 188K | -830K | -3.32M | -5.52M | -4.5M | -2.97M | -6.46M | -7.53M | -7.68M | -1.57M | -3.6M | 1.84M | 2.73M | -102K | -1.5M | 121K |
| Pretax Income | 92.99M | 113.25M | 92.45M | 82.75M | 77.95M | 116.81M | 88.16M | 94.43M | 75.61M | 99.28M | 87.66M | 87.48M | -67.74M | 69.05M | 60.71M | 63.38M | 45.39M | -85.37M | 30.9M | 35.26M |
| Pretax Margin % | 20.06% | 22.17% | 19.74% | 17.45% | 18.5% | 23.38% | 20.37% | 20.42% | 18.29% | 20.04% | 19.62% | 19.56% | -17.01% | 15.58% | 15.91% | 17.02% | 13.73% | -20.81% | 9.08% | 10.33% |
| Income Tax | 21.72M | 26.32M | 22.84M | 19.97M | 18.34M | 28.87M | 21.51M | 22.19M | 17.47M | 22.87M | 22.41M | 20.39M | 82.44M | 17.56M | 15.8M | 15.68M | 9.85M | -26.35M | 9.72M | 9.81M |
| Effective Tax Rate % | 23.36% | 23.24% | 24.71% | 24.14% | 23.53% | 24.71% | 24.4% | 23.5% | 23.1% | 23.04% | 25.56% | 23.31% | -121.7% | 25.44% | 26.03% | 24.75% | 21.7% | 30.86% | 31.47% | 27.82% |
| Net Income | 71.27M | 86.93M | 69.61M | 62.77M | 59.6M | 87.95M | 66.65M | 72.23M | 58.14M | 76.41M | 65.26M | 67.09M | -150.17M | 51.49M | 44.91M | 47.69M | 35.54M | -59.02M | 21.18M | 25.19M |
| Net Margin % | 15.37% | 17.02% | 14.86% | 13.24% | 14.15% | 17.6% | 15.4% | 15.62% | 14.07% | 15.43% | 14.61% | 15% | -37.71% | 11.62% | 11.76% | 12.81% | 10.75% | -14.39% | 6.23% | 7.38% |
| Net Income Growth % | 19.57% | -1.15% | 4.45% | -13.1% | 2.52% | 15.1% | 2.13% | 7.67% | 138.71% | 48.4% | 45.32% | 40.67% | -522.52% | 187.24% | 112.02% | 89.36% | -2.49% | -578.38% | -24.45% | -30.17% |
| Net Income (Continuing) | 71.27M | 86.93M | 69.61M | 62.77M | 59.6M | 87.95M | 66.65M | 72.23M | 58.14M | 76.41M | 65.26M | 67.09M | -150.17M | 51.49M | 44.91M | 47.69M | 35.54M | -59.02M | 21.18M | 25.45M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.35M |
| EPS (Diluted) | 1.83 | 2.21 | 1.77 | 1.59 | 1.51 | 2.22 | 1.69 | 1.83 | 1.47 | 1.93 | 1.65 | 1.70 | -3.83 | 1.31 | 1.14 | 1.21 | 0.90 | -1.57 | 0.48 | 0.64 |
| EPS Growth % | 21.19% | -0.45% | 4.73% | -13.11% | 2.72% | 15.03% | 2.42% | 7.65% | 138.38% | 47.33% | 44.74% | 40.5% | -525.56% | 183.44% | 137.5% | 89.06% | -2.17% | -606.45% | -32.39% | -30.43% |
| EPS (Basic) | 1.83 | 2.22 | 1.78 | 1.60 | 1.51 | 2.23 | 1.69 | 1.83 | 1.48 | 1.94 | 1.66 | 1.71 | -3.83 | 1.31 | 1.15 | 1.21 | 0.90 | -1.57 | 0.48 | 0.64 |
| Diluted Shares Outstanding | 38.99M | 39.25M | 39.36M | 39.36M | 39.5M | 39.49M | 39.49M | 39.54M | 39.56M | 39.54M | 39.45M | 39.41M | 39.22M | 39.39M | 39.3M | 39.42M | 39.52M | 39.24M | 39.43M | 39.42M |
| Basic Shares Outstanding | 38.86M | 39.11M | 39.26M | 39.26M | 39.33M | 39.36M | 39.36M | 39.39M | 39.36M | 39.34M | 39.3M | 39.27M | 39.21M | 39.2M | 39.17M | 39.27M | 39.29M | 39.23M | 39.19M | 39.17M |
| Dividend Payout Ratio | 28.85% | 23.82% | 29.82% | 33.21% | 33.61% | 22.83% | 30.13% | 27.82% | 31.8% | 24.2% | 28.33% | 27.53% | - | 35.06% | 40.19% | 37.97% | 48.65% | - | 81.47% | 68.48% |