MSA Safety Inc (MSA)
MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect workers and facility infrastructures worldwide. The company offers breathing apparatus products, including self-contained breathing apparatus; firefighter helmets and protective apparel; and fixed gas and flame detection systems, such as fixed gas detection monitoring systems, flame detectors and open-path infrared gas detectors, and refrigerant detection and identification solution, as well as hand-held portable gas detection instruments to detect the presence or absence of various gases in the air. It also provides industrial head protection and accessories; fall protection equipment, such as confined space equipment, harnesses, lanyards, and self-retracting lifelines, as well as engineered systems; and air-purifying respirators, eye and face protection products, ballistic helmets, and gas masks. The company serves fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries through distributors and end-users through indirect and direct sales channels. It offers its products under the V-Gard, Cairns, and Gallet brand names. MSA Safety Incorporated was founded in 1914 and is based in Cranberry Township, Pennsylvania.
- Symbol
- MSA
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Security & Protection Services
- Market cap
- $6.91B
- 52 week range
- 151.11 - 208.92
Valuation
- Share price
- $182.84 (close of 2026-09-23)
- P/E (TTM)
- 22.20x
- Price to book
- 4.93x
- Price to free cash flow
- 19.49x
- Enterprise value
- $7.35B
- Book value per share
- $36.31
Price performance
| Period | Change |
|---|
| 1 day | +3.15% |
| 5 days | +2.27% |
| 1 month | -3.48% |
| 3 months | +12.41% |
| 6 months | +5.35% |
| Year to date | +14.18% |
| 1 year | +6.25% |
| 3 years | +11.44% |
| 5 years | +24.52% |
| 10 years | +226.97% |
| All time | +23341.03% |
Profitability and growth
- Return on equity
- 20.40%
- Return on invested capital
- 15.55%
- Return on assets
- 10.92%
- Return on capital employed
- 16.41%
- Gross margin
- 46.46%
- Net margin
- 14.88%
- EBITDA margin
- 23.65%
- Revenue growth
- 3.69%
- Net income growth
- -2.12%
- Free cash flow growth
- 21.97%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 5.13%
- Current ratio
- 3.24x
- Net debt to EBITDA
- 0.86x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.87B
- Cost of revenue
- $1.00B
- Gross profit
- $871.11M
- EBITDA
- $443.41M
- Net income
- $278.92M
- Earnings per share
- $7.11
- Research and development
- $65.34M
- Shares outstanding
- 39.22M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $1.87B | $871.11M | $278.92M | $7.11 |
| 2024-12-31 | $1.81B | $860.45M | $284.97M | $7.24 |
| 2023-12-31 | $1.79B | $852.14M | $58.58M | $1.49 |
| 2022-12-31 | $1.53B | $673.83M | $179.63M | $4.58 |
| 2021-12-31 | $1.40B | $615.35M | $21.34M | $0.54 |
| 2020-12-31 | $1.35B | $595.49M | $124.08M | $3.19 |
| 2019-12-31 | $1.40B | $638.63M | $138.00M | $3.56 |
| 2018-12-31 | $1.36B | $611.86M | $124.15M | $3.23 |
| 2017-12-31 | $1.20B | $538.89M | $26.03M | $0.68 |
| 2016-12-31 | $1.15B | $522.25M | $91.94M | $2.45 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 46.46% | 14.88% | 20.40% | 15.55% |
| 2024-12-31 | 47.59% | 15.76% | 24.92% | 19.52% |
| 2023-12-31 | 47.67% | 3.28% | 6.06% | 7.89% |
| 2022-12-31 | 44.10% | 11.76% | 19.45% | 13.17% |
| 2021-12-31 | 43.95% | 1.52% | 2.56% | 1.56% |
| 2020-12-31 | 44.17% | 9.20% | 14.65% | 12.30% |
| 2019-12-31 | 45.55% | 9.84% | 18.84% | 14.73% |
| 2018-12-31 | 45.05% | 9.14% | 19.41% | 15.83% |
| 2017-12-31 | 45.03% | 2.17% | 4.32% | 3.90% |
| 2016-12-31 | 45.43% | 8.00% | 16.38% | 12.28% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $165.07M | $572.71M |
| 2024-12-31 | $164.56M | $481.62M |
| 2023-12-31 | $146.44M | $575.17M |
| 2022-12-31 | $162.90M | $565.45M |
| 2021-12-31 | $140.90M | $597.65M |
| 2020-12-31 | $160.67M | $287.16M |
| 2019-12-31 | $152.19M | $328.39M |
| 2018-12-31 | $140.09M | $341.31M |
| 2017-12-31 | $134.24M | $447.83M |
| 2016-12-31 | $113.76M | $363.84M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $295.43M | $15.20M |
| 2024-12-31 | $242.21M | $18.18M |
| 2023-12-31 | $50.09M | $30.02M |
| 2022-12-31 | $114.90M | $19.65M |
| 2021-12-31 | $155.31M | $18.91M |
| 2020-12-31 | $157.65M | $6.92M |
| 2019-12-31 | $128.36M | $13.76M |
| 2018-12-31 | $229.93M | $12.24M |
| 2017-12-31 | $206.61M | $11.76M |
| 2016-12-31 | $109.37M | $9.21M |
Dividend history
- Most recent payment
- 2026-08-14
- Paid in the last twelve months
- $2.14
| Payment date | Dividend per share |
|---|
| 2026-08-14 | $0.54 |
| 2026-05-15 | $0.54 |
| 2026-02-13 | $0.53 |
| 2025-11-14 | $0.53 |
| 2025-08-15 | $0.53 |
| 2025-05-15 | $0.53 |
| 2025-02-14 | $0.51 |
| 2024-11-15 | $0.51 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $2.14
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-30 | Jun/2026 | $2.14 |
| 2026-05-04 | - | - |
| 2026-02-11 | - | - |
| 2025-10-28 | - | - |
| 2025-08-04 | - | - |
| 2025-04-29 | - | - |
| 2025-02-12 | - | - |
| 2024-10-23 | - | - |
Filings and sources
- Company website
- msasafety.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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