Sunday 11 October 2026 Export all MSA data to Excel Powerpack

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. In the quarter to June 2026, revenue grew 6.16%, EPS grew 39.4%, free cash flow grew 118.3% and total debt fell 11.8%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.

180.71 2.61 +1.47%

Follow MSA

Alert me

Market cap: $6.9B
P/E: 22.4×
Fwd P/E: 19.3×
Dividend yield: 1.18%
F-score: 5/9
Altman Z: 5.51
Beneish M: −2.50
Dividend safety: 82/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.07

Total sells 4.25

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	—	—
Sell	1	—	—	1	—	—	—	—	—	2	—	—

Insider Ownership 6.45%

Capital & Financial Ratios $m

Market Cap 6,870.00

Revenue 1,946.32

Net Income 314.01

Free Cash Flow 354.40

Net Debt 391.59

Current Ratio 3.24

Debt/Equity 0.42

P/E ratio 22.42

Fwd P/E 19.30

P/S ratio 3.59

P/B ratio 4.99

Past 5Y EPS Growth 18.38%

This Y EPS Growth 14.75%

Next Y EPS Growth 9.52%

Next Y revenue growth 11.26%

Next 5Y EPS Growth 10.67%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 7.03%

10-year low 10-year high

P/S against its own 10 years 62.78%

10-year low 10-year high

P/B against its own 10 years 22.56%

10-year low 10-year high

EV/Sales against its own 10 years 60.45%

10-year low 10-year high

EV/FCF against its own 10 years 20.37%

10-year low 10-year high

Dividends

Payout Ratio 0.27

Annual Dividend Rate 2.14

Annual Dividend Yield 1.18%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.15	0.53 0.54 0.54
2025	2.10	0.51 0.53 0.53 0.53
2024	2.00	0.47 0.51 0.51 0.51
2023	1.87	0.46 0.47 0.47 0.47
2022	1.82	0.44 0.46 0.46 0.46
2021	1.75	0.43 0.44 0.44 0.44
2020	1.71	0.42 0.43 0.43 0.43
2019	1.64	0.38 0.42 0.42 0.42
2018	1.49	0.35 0.38 0.38 0.38
2017	1.38	0.33 0.35 0.35 0.35
2016	1.31	0.32 0.33 0.33 0.33

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	146	165	165	200
Receivables	295	279	306	348
Inventory	293	297	343	350
Other	—	—	—	—
	786	803	869	935

	2023	2024	2025	Q'26
Payables	112	108	111	124
ST’ Debt	—	—	—	—
Other	101	84	98	108
	333	288	289	289

Compound Annual Growth %

	10y	5y	3y
Sales	5.19%	6.82%	7.06%
Cash Flow	20.74%	11.99%	32.21%
Earnings	14.69%	17.60%	15.80%
Book Value	10.21%	10.04%	13.96%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	464	503	—	—	—
’25	421	474	468	511	1,875
’24	413	462	433	500	1,808
’23	398	447	447	495	1,788
’22	331	372	382	443	1,528
’21	308	341	340	410	1,400
’20	341	314	304	388	1,348

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	76	95	—	—	—
’25	62	67	112	122	364
’24	51	53	84	108	296
’23	(286)	95	125	159	93
’22	25	15	64	54	157
’21	46	38	46	69	199
’20	14	69	27	96	207

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	65	83	—	—	—
’25	51	38	100	106	296
’24	40	39	70	94	243
’23	(294)	88	112	147	53
’22	17	4	55	38	114
’21	36	28	30	56	150
’20	7	56	15	80	158

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.83	2.23	—	—	—
’25	1.51	1.59	1.77	2.21	7.09
’24	1.47	1.83	1.69	2.22	7.21
’23	(3.83)	1.70	1.65	1.93	1.48
’22	0.90	1.21	1.14	1.31	4.56
’21	0.92	0.64	0.48	(1.57)	0.54
’20	1.11	0.92	0.71	0.42	3.05

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	37.68	65.95	71.47	90.81	83.57	136.91	108.75	122.57	160.02	127.86	Analyst estimates 2026–2028 Powerpack
	High	71.28	86.36	110.83	128.18	155.47	172.84	151.98	185.57	200.61	182.86
People
People	Employees	4,300	4,700	4,800	4,800	4,800	4,800	5,000	5,100	5,200	5,300
	Revenue/emp, $m	0.27	0.25	0.28	0.29	0.28	0.29	0.31	0.35	0.35	0.35
Income, $m
Income, $m	Revenue	1,150	1,197	1,358	1,402	1,348	1,400	1,528	1,788	1,808	1,875
	Gross margin, %	45.43	45.03	45.05	45.55	44.17	43.95	44.10	47.67	47.59	46.46
	EBT	152	30	162	186	168	24	239	207	375	366
	EBT margin, %	13.22	2.49	11.95	13.25	12.47	1.69	15.61	11.56	20.74	19.54
	Net income	94	27	125	139	125	22	180	59	285	279
	Depreciation	35	38	38	38	40	50	56	61	64	72
Per share, $
Per share, $	Revenue	30.69	31.50	35.40	36.27	34.67	35.74	38.95	45.48	45.93	47.81
	Earnings	2.45	0.68	3.23	3.52	3.09	0.54	4.58	1.49	7.24	7.11
	Cash flow	3.60	6.06	6.88	4.27	5.31	5.08	4.01	2.36	7.53	9.28
	Capex	(0.20)	(0.62)	(0.77)	(0.94)	(1.25)	(1.25)	(1.12)	(1.02)	(1.37)	(1.74)
	Free cash flow	3.41	5.44	6.11	3.33	4.07	3.83	2.89	1.35	6.16	7.54
	Book value	14.98	15.86	16.67	18.95	21.79	21.30	23.55	24.60	29.04	34.86
	Shares, m	37	38	38	39	39	39	39	39	39	39
Valuation, ×
Valuation, ×	P/E	29.00	115.99	29.10	35.90	48.35	314.50	31.35	113.47	22.93	22.52
	P/S	2.26	2.50	2.66	3.48	4.31	4.22	3.68	3.69	3.61	3.35
	P/B	4.66	5.00	5.69	6.70	6.89	7.12	6.11	6.85	5.73	4.61
	EV/Sales	2.48	2.77	2.77	3.57	4.35	4.51	3.94	3.93	3.78	3.57
	EV/FCF	22.31	16.02	16.04	38.97	37.07	42.14	52.98	132.88	28.20	22.63
Cash, $m
Cash, $m	Operating cash flow	135	230	264	165	207	199	157	93	296	364
	Capex	(7)	(24)	(29)	(36)	(48)	(49)	(44)	(40)	(54)	(68)
	Free cash flow	128	207	235	129	158	150	114	53	243	296
Balance, $m
Balance, $m	Working capital	251	333	375	416	491	462	534	453	515	580
	Total debt	364	448	341	328	287	598	565	575	482	573
	Net debt	250	314	146	126	52	408	393	429	317	408
	Shareholders’ equity	561	603	640	733	847	834	924	967	1,143	1,367
Returns, %
Returns, %	ROA	6.62	1.71	7.53	8.23	6.77	0.99	7.52	2.57	13.02	11.72
	ROIC	12.38	2.70	13.80	13.70	11.95	1.15	11.35	10.36	16.66	13.09
	ROE	17.17	4.50	20.08	20.19	15.76	2.54	20.51	6.21	27.10	22.28

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ALLE Allegion PLC	$12.8B	19.7×	16.1×	+12.67% (above 0%: growing)	+15.59% (above 0%: growing)	−5.99% (below 0%: shrinking)	44.94%	22.12%	Compare
MSA MSA Safety Incorporporated	$6.9B	22.4×	19.3×	+6.16% (above 0%: growing)	+39.37% (above 0%: growing)	+118.31% (above 0%: growing)	49.53%	22.24%
ADT ADT Inc.	$4.8B	8.4×	8.3×	+1.96% (above 0%: growing)	0.00%	+28.06% (above 0%: growing)	79.92%	24.07%	Compare
BCO Brink's Company (The)	$4.2B	23.9×	12.4×	+7.06% (above 0%: growing)	+3.88% (above 0%: growing)	−97.49% (below 0%: shrinking)	26.29%	9.57%	Compare
GEO Geo Group Inc (The)	$4.1B	14.5×	20.6×	+15.08% (above 0%: growing)	+71.43% (above 0%: growing)	+2,422.02% (above 0%: growing)	27.51%	13.89%	Compare
BRC Brady Corporation	$4.0B	19.6×	16.5×	+9.98% (above 0%: growing)	−7.62% (below 0%: shrinking)	+22.90% (above 0%: growing)	52.90%	13.76%	Compare
CXW CoreCivic, Inc.	$3.2B	25.9×	14.7×	+27.27% (above 0%: growing)	+8.57% (above 0%: growing)	+55.25% (above 0%: growing)	21.74%	10.07%	Compare
NSSC NAPCO Security Technologies, Inc.	$1.3B	29.9×	21.5×	+10.02% (above 0%: growing)	+51.52% (above 0%: growing)	+19.89% (above 0%: growing)	61.31%	33.02%	Compare
EVLV Evolv Technologies Holdings, Inc.	$829.6M	— (loss-making)	— (loss-making)	+34.44% (above 0%: growing)	n/m	+203.88% (above 0%: growing)	50.17%	(24.11%)	Compare
Median of peers	$4.0B	19.7×	16.1×	+11.35%	+8.57%	+25.48%	47.56%	13.82%

All 22 Security & Protection Services stocks →

MSA Safety Incorporporated (MSA) key facts

Concern: Net income was $278.9 million, or $7.11 per share (basic), a net margin of 14.9%.
Strength: MSA Safety Incorporporated’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 3.69% from fiscal 2024.
MSA Safety Incorporporated (MSA) is a Security & Protection Services company in the Industrials sector, listed on the New York Stock Exchange.
As of October 9, 2026, MSA traded at $180.71, a market capitalization of $6.9 billion.
At that price the stock trades at 22.4× trailing-twelve-month earnings and 3.6× sales; its P/E is higher than 7% of its own readings over the past ten years.
MSA Safety Incorporporated pays an annual dividend of $2.14 per share, a yield of 1.18%, with a payout ratio of 26.6%.
Return on equity was 22.3% and debt-to-equity 0.42.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 5.51 (safe zone) for fiscal 2025.