Sunday 1 November 2026 Export MSA’s income statement to Excel — free account

MSA Safety Incorporporated

MSA Industrials Security & Protection Services

MSA Safety Incorporporated’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 3.69% from fiscal 2024.

Revenue: +6.16%
EPS: +39.4%
Free cash flow: +118.3%
Total debt: −11.8%

Quarter to June 2026, against a year earlier

178.57 0.59 −0.33%

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Market cap: $6.9B
P/E: 22.1×
Fwd P/E: 21.0×
Dividend yield: 1.20%
F-score: 5/9
Altman Z: 5.51
Beneish M: −2.50
Dividend safety: 82/100

Overview Business Profile Earnings & Analysis Segments Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	29.00	115.99	29.10	35.90	48.35	314.50	31.35	113.47	22.93	22.52
Piotroski F-Score Full definition →	7	4	8	8	5	3	6	5	7	5
P/S ratio Full definition →	2.26	2.50	2.66	3.48	4.31	4.22	3.68	3.69	3.61	3.35
Altman Z-Score Full definition →	4.36	3.38	4.54	5.17	5.36	3.73	4.26	5.47	6.22	5.51
Altman Z″-Score (non-manufacturers) Full definition →	4.93	3.72	4.84	4.96	4.98	3.32	4.41	4.65	5.84	5.65
P/FCF ratio Full definition →	20.35	14.50	15.42	37.99	36.74	39.42	49.52	124.78	26.89	21.25
Beneish M-Score Full definition →	(2.68)	(2.89)	(2.86)	(2.47)	(2.63)	(2.84)	(2.31)	(2.62)	(2.50)	(2.50)
P/Operating CF Full definition →	25.10	72.93	46.55	63.67	60.26	85.70	104.96	41.54	60.48	51.33
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	82
P/B ratio Full definition →	4.66	5.00	5.69	6.70	6.89	7.12	6.11	6.85	5.73	4.61
Price to Tangible BV Full definition →	17.62	0.00	68.50	40.37	24.27	0.00	317.61	94.89	23.96	18.87
EV/Sales Full definition →	2.48	2.77	2.77	3.57	4.35	4.51	3.94	3.93	3.78	3.57
EV/EBITDA Full definition →	14.52	42.74	17.80	22.14	27.70	86.48	20.35	24.07	15.09	15.08
EV/Operating CF Full definition →	21.10	14.37	14.26	30.37	28.37	31.74	38.19	75.71	23.09	18.38
EV/FCF Full definition →	22.31	16.02	16.04	38.97	37.07	42.14	52.98	132.88	28.20	22.63
Quick Ratio Full definition →	1.46	1.31	1.56	1.65	1.57	1.34	1.36	1.33	1.54	1.63
Current Ratio Full definition →	2.14	2.15	2.33	2.50	2.58	2.40	2.54	2.36	2.79	3.01
Net Debt/EBITDA Full definition →	1.28	4.05	0.69	0.56	0.24	5.58	1.33	1.47	0.70	0.92
Debt/Assets Full definition →	26.87%	26.58%	21.23%	18.88%	14.96%	24.94%	23.79%	26.50%	21.83%	22.42%
Debt/Equity Full definition →	0.65	0.74	0.53	0.45	0.34	0.72	0.61	0.59	0.42	0.42
Asset Turnover Full definition →	0.83	0.79	0.82	0.84	0.74	0.65	0.64	0.79	0.83	0.79
Operating CF/Net income Full definition →	1.47	8.85	2.13	1.20	1.67	9.36	0.88	1.59	1.04	1.30
Capex/Depreciation Full definition →	(0.21)	(0.63)	(0.78)	(0.96)	(1.22)	(0.98)	(0.78)	(0.66)	(0.84)	(0.95)
Interest Coverage Full definition →	9.79	2.58	9.19	13.85	18.22	2.12	11.04	4.95	10.55	11.69
ROE Full definition →	17.17%	4.50%	20.08%	20.19%	15.76%	2.54%	20.51%	6.21%	27.10%	22.28%
ROA Full definition →	6.62%	1.71%	7.53%	8.23%	6.77%	0.99%	7.52%	2.57%	13.02%	11.72%
ROIC Full definition →	12.38%	2.70%	13.80%	13.70%	11.95%	1.15%	11.35%	10.36%	16.66%	13.09%
Return on Tangible Assets Full definition →	22.98%	5.31%	23.28%	23.64%	18.21%	3.18%	24.21%	8.80%	39.20%	32.31%
Average Days of Receivables Full definition →	66.53	74.47	65.85	66.41	68.30	66.26	70.95	60.17	56.36	59.66
Research and Development Expense of Revenue Full definition →	4.08%	4.18%	3.88%	4.13%	4.32%	4.13%	3.73%	3.80%	3.68%	3.49%
Selling, General and Administrative Expense of Revenue Full definition →	26.81%	25.07%	23.91%	23.57%	21.53%	23.77%	22.18%	22.19%	21.83%	22.10%
Intangible Assets out of Total Assets Full definition →	0.30	0.36	0.36	0.35	0.31	0.39	0.38	0.41	0.39	0.40
Share Based Compensation of Revenue Full definition →	0.80%	0.98%	0.90%	0.98%	0.51%	1.35%	1.29%	1.68%	1.01%	0.81%
Graham Net Nets Full definition →	(0.12)	(0.15)	(0.09)	(0.06)	(0.05)	(0.13)	(0.10)	(0.06)	(0.04)	(0.05)
Graham Number Full definition →	28.29	15.53	34.76	38.65	38.84	15.13	49.11	28.57	68.62	74.58
Earnings Yield Full definition →	3.45%	0.86%	3.44%	2.79%	2.07%	0.32%	3.19%	0.88%	4.36%	4.44%
Free Cash Flow Yield Full definition →	4.91%	6.89%	6.48%	2.63%	2.72%	2.54%	2.02%	0.80%	3.72%	4.71%
Revenue per Share Full definition →	30.69	31.50	35.40	36.27	34.67	35.74	38.95	45.48	45.93	47.81
Operating CF per Share Full definition →	3.60	6.06	6.88	4.27	5.31	5.08	4.01	2.36	7.53	9.28
Capex per Share Full definition →	(0.20)	(0.62)	(0.77)	(0.94)	(1.25)	(1.25)	(1.12)	(1.02)	(1.37)	(1.74)
Free Cash Flow per Share Full definition →	3.41	5.44	6.11	3.33	4.07	3.83	2.89	1.35	6.16	7.54
Cash per Share Full definition →	3.04	3.53	5.09	5.23	6.06	4.85	4.40	3.73	4.18	4.21
Shareholders Equity per Share Full definition →	14.98	15.86	16.67	18.95	21.79	21.30	23.55	24.60	29.04	34.86
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	14.98	15.86	16.67	18.95	21.79	21.30	23.55	24.60	29.04	34.86
Free Cash Flow Full definition →	127.59	206.61	234.51	128.58	158.10	150.02	113.51	52.90	242.67	295.51
Working Capital Full definition →	251.40	333.02	374.56	415.85	490.88	462.20	534.26	453.45	514.94	580.08
Capital Expenditures Full definition →	(7.31)	(23.72)	(29.37)	(36.39)	(48.45)	(49.12)	(43.94)	(39.95)	(53.75)	(68.36)
Net Current Asset Value Full definition →	(319.90)	(459.95)	(311.87)	(313.76)	(271.01)	(769.20)	(573.11)	(417.08)	(259.43)	(318.07)
EV/EBIT Full definition →	17.71	83.64	21.69	26.62	34.09	277.50	25.15	30.39	17.58	17.99
Capex to Sales Full definition →	0.01	0.02	0.02	0.03	0.04	0.04	0.03	0.02	0.03	0.04
Price to Operating Income Full definition →	16.16	75.72	20.85	25.95	33.79	259.59	23.50	28.54	16.77	16.89
Other line items
Depreciation/Fixed assets Full definition →	0.24	0.24	0.24	0.23	0.21	0.24	0.27	0.29	0.30	0.25
Cash ROIC Full definition →	12.28%	17.44%	19.94%	10.18%	11.54%	9.25%	6.83%	3.13%	13.56%	14.04%
Accounts Receivable Turnover Full definition →	5.20	5.28	5.55	5.61	5.31	5.53	5.54	6.04	6.30	6.40
Accounts Payable Turnover Full definition →	9.58	8.78	9.02	9.12	8.56	8.11	7.79	8.34	8.61	9.17
Inventory Turnover Full definition →	5.48	5.12	4.81	4.47	3.50	2.99	2.76	2.97	3.22	3.14
Average Days of Payables Full definition →	36.50	48.30	38.33	42.61	42.12	49.66	48.09	43.65	41.66	40.28
Days of Inventory on Hand Full definition →	59.97	85.29	76.60	88.47	118.78	130.51	144.58	114.16	114.31	124.75
Average Receivables Full definition →	221.19	226.86	244.62	250.06	253.68	253.24	275.61	295.85	286.95	292.83
Average Payables Full definition →	65.47	74.90	82.71	83.74	87.99	96.82	109.66	112.20	110.02	109.47
Average Inventory Full definition →	114.46	128.40	155.17	170.81	215.00	262.79	309.47	315.46	294.70	319.92
Average Assets Full definition →	1,388.39	1,519.37	1,646.42	1,673.85	1,829.66	2,158.01	2,386.69	2,273.56	2,187.97	2,380.08
Average Common Equity Full definition →	535.60	578.33	617.48	682.48	786.31	837.22	875.50	941.70	1,051.49	1,251.60

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Columns are period end dates

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