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
+14.5%
EPS
−14.9%
Free cash flow
−32.1%
Total debt
+75.4%

Quarter to September 2026, against a year earlier

167.97 2.02 −1.19%
Market cap
$6.6B
P/E
21.8×
Fwd P/E
21.0×
Dividend yield
1.26%
F-score
5/9
Altman Z
5.51
Beneish M
−2.50
Dividend safety
82/100

MSA Safety Incorporporated (MSA) Gross margin

Alert me on Gross margin

MSA Safety Incorporporated's gross margin over the twelve months to 30 September 2026 was 47.3%, up 0.8 percentage points from fiscal 2025 (46.5%). Over the past ten years it has ranged from 44.0% (fiscal 2021) to 47.7% (fiscal 2023); the current reading is higher than 82% of that period. That is above the Security & Protection Services industry median of 38.1% and above the Industrials sector median of 30.6%.

Gross margin, annual

Embed this chart

Annual newest first

Period Gross margin Change (points)
FY2025 46.5% (1.13)
FY2024 47.6% (0.08)
FY2023 47.7% 3.57
FY2022 44.1% 0.15
FY2021 44.0% (0.22)
FY2020 44.2% (1.38)
FY2019 45.6% 0.50
FY2018 45.1% 0.02
FY2017 45.0% (0.40)
FY2016 45.4% 1.12

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 45.5% (4.00)
Jun 2026 49.5% 2.17
Mar 2026 47.4% 0.50
Dec 2025 46.9% 0.41
43 more quarters

Against its own ten years

Low 44.0% High 47.7%
Ten-year median 45.1%
Current reading's percentile 86

Gross margin against peers

Company Gross margin
ADT ADT Inc. compare 80.1%
NSSC NAPCO Security Technologies, Inc. compare 59.7%
BRC Brady Corporation compare 51.8%
EVLV Evolv Technologies Holdings, Inc. compare 49.9%
MSA MSA Safety Incorporporated 47.3%
ALLE Allegion PLC compare 45.1%
BCO Brink's Company (The) compare 26.1%
GEO Geo Group Inc (The) compare 26.0%
CXW CoreCivic, Inc. compare 22.2%
Security & Protection Services industry median 38.1%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

More on MSA