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Stocks · Health care · Orthopedic, Prosthetic & Surgical Appliances & Supplies

MSA Safety Inc

MSA Clue Score73
United States Fiscal year ends December CIK 0000066570
$180.71 +1.47% Close, 9 Oct 2026
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Price $180.71 +22.84% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,149.5Operating income160.7Net income91.9EPS, diluted2.42Fiscal year 2017Revenue1,196.8 +4.1%Operating income39.6Net income26.0 −71.7%EPS, diluted0.67 −72.3%Fiscal year 2018Revenue1,358.1 +13.5%Operating income173.5Net income124.2 +377.0%EPS, diluted3.18 +374.6%Fiscal year 2019Revenue1,402.0 +3.2%Operating income188.2Net income138.0 +11.2%EPS, diluted3.52 +10.7%Fiscal year 2020Revenue1,348.2 −3.8%Operating income171.9Net income124.1 −10.1%EPS, diluted3.15 −10.5%Fiscal year 2021Revenue1,400.2 +3.9%Operating income22.8Net income21.3 −82.8%EPS, diluted0.54 −82.9%Fiscal year 2022Revenue1,528.0 +9.1%Operating income239.1Net income179.6 +741.8%EPS, diluted4.56 +744.4%Fiscal year 2023Revenue1,787.6 +17.0%Operating income231.3Net income58.6 −67.4%EPS, diluted1.48 −67.5%Fiscal year 2024Revenue1,808.1 +1.1%Operating income389.2Net income285.0 +386.4%EPS, diluted7.21 +387.2%Fiscal year 2025Revenue1,874.8 +3.7%Operating income371.8Net income278.9 −2.1%EPS, diluted7.09 −1.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,149.5 1,196.8 1,358.1 1,402.0 1,348.2 1,400.2 1,528.0 1,787.6 1,808.1 1,874.8
Growth +4.1% +13.5% +3.2% −3.8% +3.9% +9.1% +17.0% +1.1% +3.7%
Operating income 160.7 39.6 173.5 188.2 171.9 22.8 239.1 231.3 389.2 371.8
Net income 91.9 26.0 124.2 138.0 124.1 21.3 179.6 58.6 285.0 278.9
Growth −71.7% +377.0% +11.2% −10.1% −82.8% +741.8% −67.4% +386.4% −2.1%
EPS, diluted 2.42 0.67 3.18 3.52 3.15 0.54 4.56 1.48 7.21 7.09
Growth −72.3% +374.6% +10.7% −10.5% −82.9% +744.4% −67.5% +387.2% −1.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin45.4%Operating margin14.0%Net margin8.0%Free cash flow margin9.5%Fiscal year 2017Gross margin45.0%Operating margin3.3%Net margin2.2%Free cash flow margin17.3%Fiscal year 2018Gross margin45.1%Operating margin12.8%Net margin9.1%Free cash flow margin16.9%Fiscal year 2019Gross margin45.6%Operating margin13.4%Net margin9.8%Free cash flow margin9.2%Fiscal year 2020Gross margin44.2%Operating margin12.7%Net margin9.2%Free cash flow margin11.7%Fiscal year 2021Gross margin43.9%Operating margin1.6%Net margin1.5%Free cash flow margin11.1%Fiscal year 2022Gross margin44.1%Operating margin15.7%Net margin11.8%Free cash flow margin7.5%Fiscal year 2023Gross margin47.7%Operating margin12.9%Net margin3.3%Free cash flow margin2.8%Fiscal year 2024Gross margin47.6%Operating margin21.5%Net margin15.8%Free cash flow margin13.4%Fiscal year 2025Gross margin46.5%Operating margin19.8%Net margin14.9%Free cash flow margin15.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 45.4% 45.0% 45.1% 45.6% 44.2% 43.9% 44.1% 47.7% 47.6% 46.5%
Operating margin 14.0% 3.3% 12.8% 13.4% 12.7% 1.6% 15.7% 12.9% 21.5% 19.8%
Net margin 8.0% 2.2% 9.1% 9.8% 9.2% 1.5% 11.8% 3.3% 15.8% 14.9%
Free cash flow margin 9.5% 17.3% 16.9% 9.2% 11.7% 11.1% 7.5% 2.8% 13.4% 15.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow134.9Capital expenditure−25.5Free cash flow109.4Dividends paid−49.1Fiscal year 2017Operating cash flow230.3Capital expenditure−23.7Free cash flow206.6 +88.9%Dividends paid−52.5Fiscal year 2018Operating cash flow263.9Capital expenditure−34.0Free cash flow229.9 +11.3%Dividends paid−57.2Fiscal year 2019Operating cash flow165.0Capital expenditure−36.6Free cash flow128.4 −44.2%Dividends paid−63.5Fiscal year 2020Operating cash flow206.6Capital expenditure−48.9Free cash flow157.7 +22.8%Dividends paid−66.6Fiscal year 2021Operating cash flow199.1Capital expenditure−43.8Free cash flow155.3 −1.5%Dividends paid−68.6Fiscal year 2022Operating cash flow157.5Capital expenditure−42.6Free cash flow114.9 −26.0%Dividends paid−71.5Fiscal year 2023Operating cash flow92.9Capital expenditure−42.8Free cash flow50.1 −56.4%Dividends paid−73.5Fiscal year 2024Operating cash flow296.4Capital expenditure−54.2Free cash flow242.2 +383.5%Dividends paid−78.8Fiscal year 2025Operating cash flow363.9Capital expenditure−68.4Free cash flow295.4 +22.0%Dividends paid−82.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 134.9 230.3 263.9 165.0 206.6 199.1 157.5 92.9 296.4 363.9
Capital expenditure −25.5 −23.7 −34.0 −36.6 −48.9 −43.8 −42.6 −42.8 −54.2 −68.4
Free cash flow 109.4 206.6 229.9 128.4 157.7 155.3 114.9 50.1 242.2 295.4
Growth +88.9% +11.3% −44.2% +22.8% −1.5% −26.0% −56.4% +383.5% +22.0%
Dividends paid −49.1 −52.5 −57.2 −63.5 −66.6 −68.6 −71.5 −73.5 −78.8 −82.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash113.8Total debt390.5Net cash (debt)−276.7Shareholders’ equity558.2Debt to equity0.70Fiscal year 2017Cash134.2Total debt474.5Net cash (debt)−340.3Shareholders’ equity597.6Debt to equity0.79Fiscal year 2018Cash140.1Total debt361.3Net cash (debt)−221.2Shareholders’ equity633.9Debt to equity0.57Fiscal year 2019Cash152.2Total debt348.4Net cash (debt)−196.2Shareholders’ equity725.8Debt to equity0.48Fiscal year 2020Cash160.7Total debt307.2Net cash (debt)−146.5Shareholders’ equity839.2Debt to equity0.37Fiscal year 2021Cash140.9Total debt597.7Net cash (debt)−456.8Shareholders’ equity834.4Debt to equity0.72Fiscal year 2022Cash162.9Total debt572.8Net cash (debt)−409.9Shareholders’ equity923.7Debt to equity0.62Fiscal year 2023Cash146.4Total debt601.7Net cash (debt)−455.3Shareholders’ equity966.8Debt to equity0.62Fiscal year 2024Cash164.6Total debt508.0Net cash (debt)−343.5Shareholders’ equity1,143.3Debt to equity0.44Fiscal year 2025Cash165.1Total debt580.9Net cash (debt)−415.9Shareholders’ equity1,367.0Debt to equity0.42
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 113.8 134.2 140.1 152.2 160.7 140.9 162.9 146.4 164.6 165.1
Total debt 390.5 474.5 361.3 348.4 307.2 597.7 572.8 601.7 508.0 580.9
Net cash (debt) −276.7 −340.3 −221.2 −196.2 −146.5 −456.8 −409.9 −455.3 −343.5 −415.9
Shareholders’ equity 558.2 597.6 633.9 725.8 839.2 834.4 923.7 966.8 1,143.3 1,367.0
Debt to equity 0.70 0.79 0.57 0.48 0.37 0.72 0.62 0.62 0.44 0.42

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
45.4% 45.0% 45.1% 45.6% 44.2% 43.9% 44.1% 47.7% 47.6% 46.5%
14.0% 3.3% 12.8% 13.4% 12.7% 1.6% 15.7% 12.9% 21.5% 19.8%
13.2% 2.5% 12.0% 13.2% 12.5% 1.7% 15.6% 11.6% 20.7% 19.5%
8.0% 2.2% 9.1% 9.8% 9.2% 1.5% 11.8% 3.3% 15.8% 14.9%
9.5% 17.3% 16.9% 9.2% 11.7% 11.1% 7.5% 2.8% 13.4% 15.8%
Spending
4.1% 4.2% 3.9% 4.1% 4.3% 4.1% 3.7% 3.8% 3.7% 3.5%
26.8% 25.1% 23.9% 23.6% 21.5% 23.8% 22.2% 22.2% 21.8% 22.1%
2.2% 2.0% 2.5% 2.6% 3.6% 3.1% 2.8% 2.4% 3.0% 3.7%
38.1% 9.5% 22.9% 25.1% 25.6% 7.7% 24.7% 71.7% 24.0% 23.9%
Returns
16.5% 4.4% 19.6% 19.0% 14.8% 2.6% 19.4% 6.1% 24.9% 20.4%
6.8% 1.5% 7.7% 7.7% 6.5% 0.9% 7.6% 2.7% 12.9% 10.9%
Balance and payout
0.70 0.79 0.57 0.48 0.37 0.72 0.62 0.62 0.44 0.42
58.5% 64.2% 60.2% 56.5% 55.9% 65.2% 61.1% 55.4% 48.2% 46.5%
53.4% 201.9% 46.1% 46.0% 53.7% 321.4% 39.8% 125.4% 27.6% 29.5%
44.9% 25.4% 24.9% 49.5% 42.2% 44.2% 62.2% 146.7% 32.5% 27.9%