Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
MSA · NYSE · United States · Orthopedic, Prosthetic & Surgical Appliances & Supplies
In shortMSA Safety Inc is profitable, generates cash and carries moderate debt, with revenue growing (+3.7% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 19.8% | 83/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 14.9% | 80/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 22.2% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 14.5% | 97/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 3.01× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.42× | 88/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.94× | 87/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 11.69× | 97/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 5.65 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 15.8% | 83/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.06× | 95/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 6.3% | 88/100 |
| Operating margin volatility | 7.9% | 38/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 7.1% | 56/100 |
|---|---|---|
| EPS growth, 3-year average | 15.8% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1,400 | 1,528 | 1,788 | 1,808 | 1,875 |
| Cost of revenue | 785 | 854 | 936 | 948 | 1,004 |
| Gross profit | 615 | 674 | 852 | 860 | 871 |
| Research & development | 58 | 57 | 68 | 67 | 65 |
| Selling, general & admin | 333 | 339 | 397 | 395 | 414 |
| Operating income | 23 | 239 | 231 | 389 | 372 |
| Interest expense | 11 | 22 | 47 | 37 | 32 |
| Pre-tax income | 24 | 239 | 207 | 375 | 366 |
| Income tax | 1.8 | 59 | 148 | 90 | 87 |
| Net income | 21 | 180 | 59 | 285 | 279 |
| Diluted EPS | $0.54 | $4.56 | $1.48 | $7.21 | $7.09 |
| Diluted shares (millions) | 39 | 39 | 39 | 40 | 39 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of MSA Safety Inc are included in the Investor plan. Try free for 7 days →
5.65 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 31, 2026