MSA Safety Incorporated (MSA)

MSA Safety Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,946	1,875	1,808	1,788	1,528	1,400
Revenue Growth	6.48%	3.69%	1.15%	17.00%	9.13%	3.85%
Gross Profit Gross Profit Growth	925.88	871.11	860.45	852.14	673.83	615.35
Operating Income Operating Income Growth	456.33	422.32	421.19	402.58	303.47	240.11
Net Income Net Income Growth	313.94	278.86	284.9	58.52	179.56	21.28
Earnings Per Share EPS Growth	8.04	7.09	7.21	1.48	4.56	0.54
EPS Growth	14.70%	-1.66%	387.16%	-67.54%	744.44%	-82.86%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Firefighter Safety Firefighter Safety Growth	654.72	647.47	712.68	684.22	578.94	526.33
Detection Detection Growth	790.71	763.39	642.79	634.92	529.74	461.78
Industrial PPE and Other Industrial PPE and Other Growth	500.9	463.95	452.66	468.51	419.28	412.08
Revenue (Total) Revenue (Total) Growth	1,946	1,875	1,808	1,788	1,528	1,400

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	200.06	165.07	164.56	146.44	172.81	189.87
Total Debt Total Debt Growth	643.51	640.29	554	646.19	608.18	638.36
Net Cash (Debt) Net Cash Growth	-443.45	-475.22	-389.44	-499.75	-435.37	-448.49
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-11.36	-12.08	-9.85	-12.66	-11.05	-11.37

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	405.88	363.87	296.43	92.86	157.46	199.15
Capital Expenditures CapEx Growth	-51.58	-68.44	-54.22	-42.76	-42.55	-43.84
Free Cash Flow Free Cash Flow Growth	354.3	295.43	242.21	50.09	114.9	155.31
Free Cash Flow Growth	40.31%	21.98%	383.51%	-56.40%	-26.02%	-1.49%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	47.57%	46.46%	47.59%	47.67%	44.10%	43.95%
Operating Margin	23.45%	22.53%	23.29%	22.52%	19.86%	17.15%
Pretax Margin	21.07%	19.54%	20.74%	11.56%	15.61%	1.69%
Profit Margin	16.13%	14.87%	15.76%	3.27%	11.75%	1.52%
FCF Margin	18.20%	15.76%	13.40%	2.80%	7.52%	11.09%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	2.160	2.100	2.000	1.870	1.820	1.750
Dividend Per Share Growth	2.88%	5.00%	6.95%	2.75%	4.00%	2.34%
Dividend Yield	1.21%	1.30%	1.21%	1.11%	1.26%	1.16%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	22.25	22.48	22.87	113.42	31.48	278.20
Forward PE	18.89	18.95	20.84	23.54	24.72	32.02
P/FCF Ratio	19.51	21.22	26.91	132.49	49.19	38.11
PS Ratio	3.55	3.34	3.60	3.71	3.70	4.23

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jul 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Oct 30, 2026

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