MSA
MSA Safety
NYSE: MSA · INDUSTRIALS · SECURITY & PROTECTION SERVICES
$164.13
-1.87% today
Updated 2026-04-29
Market cap
$6.49B
P/E ratio
24.10
P/S ratio
3.46x
EPS (TTM)
$6.94
Dividend yield
1.23%
52W range
$150 – $208
Volume
0.2M
MSA Safety (MSA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $919.10M | $1.01B | $1.14B | $915.85M | $976.63M | $1.11B | $1.11B | $1.11B | $1.13B | $1.13B | $1.15B | $1.20B | $1.36B | $1.40B | $1.35B | $1.40B | $1.53B | $1.79B | $1.81B | $1.87B |
| Revenue growth (YoY) | — | +9.6% | +13.1% | -19.6% | +6.6% | +13.9% | -0.2% | +0.1% | +2.0% | -0.3% | +1.7% | +4.1% | +13.5% | +3.2% | -3.8% | +3.9% | +9.1% | +17.0% | +1.1% | +3.7% |
| Cost of revenue | $568.41M | $616.20M | $701.68M | $573.27M | $606.53M | $654.45M | $620.89M | $615.21M | $618.54M | $629.68M | $627.28M | $657.92M | $746.24M | $763.35M | $752.73M | $784.83M | $854.12M | $935.51M | $947.70M | $1.00B |
| Gross profit | $350.69M | $391.44M | $437.86M | $342.58M | $370.10M | $458.37M | $489.55M | $496.85M | $515.35M | $501.10M | $522.25M | $538.89M | $611.86M | $638.63M | $595.49M | $615.35M | $673.83M | $852.14M | $860.45M | $871.11M |
| Gross margin | 38.2% | 38.8% | 38.4% | 37.4% | 37.9% | 41.2% | 44.1% | 44.7% | 45.4% | 44.3% | 45.4% | 45.0% | 45.1% | 45.6% | 44.2% | 43.9% | 44.1% | 47.7% | 47.6% | 46.5% |
| R&D | $26.04M | $30.20M | $35.02M | $28.78M | $32.78M | $39.24M | $40.90M | $45.86M | $48.25M | $48.63M | $46.85M | $50.06M | $52.70M | $57.85M | $58.27M | $57.79M | $57.01M | $67.99M | $66.53M | $65.34M |
| SG&A | $215.66M | $241.14M | $270.58M | $230.01M | $262.94M | $306.37M | $321.23M | $309.21M | $322.80M | $315.27M | $306.14M | $297.80M | $324.78M | $330.50M | $290.33M | $332.86M | $338.87M | $381.10M | $394.71M | $414.25M |
| Operating income | $102.01M | $115.97M | $132.26M | $71.53M | $66.29M | $121.45M | $135.79M | $141.78M | $144.31M | $137.20M | $160.70M | $39.58M | $173.48M | $188.25M | $171.90M | $22.78M | $239.14M | $231.32M | $389.18M | $401.98M |
| Operating margin | 11.1% | 11.5% | 11.6% | 7.8% | 6.8% | 10.9% | 12.2% | 12.7% | 12.7% | 12.1% | 14.0% | 3.3% | 12.8% | 13.4% | 12.7% | 1.6% | 15.7% | 12.9% | 21.5% | 21.4% |
| EBITDA | $131.13M | $140.46M | $159.91M | $99.78M | $95.25M | $148.06M | $172.39M | $161.57M | $166.97M | $153.56M | $203.59M | $83.01M | $219.07M | $237.36M | $217.25M | $84.68M | $316.51M | $314.19M | $476.23M | $473.57M |
| EBITDA margin | 14.3% | 13.9% | 14.0% | 10.9% | 9.8% | 13.3% | 15.5% | 14.5% | 14.7% | 13.6% | 17.7% | 6.9% | 16.1% | 16.9% | 16.1% | 6.0% | 20.7% | 17.6% | 26.3% | 25.3% |
| EBIT | $108.99M | $116.10M | $132.26M | $72.42M | $66.06M | $115.19M | $140.69M | $130.81M | $137.05M | $121.88M | $168.32M | $45.13M | $181.22M | $199.34M | $177.58M | $34.36M | $260.19M | $253.42M | $411.89M | $401.98M |
| Interest expense | $0.00 | $9.91M | $8.92M | $7.08M | $8.71M | $14.12M | $11.36M | $10.68M | $9.85M | $10.85M | $16.41M | $15.36M | $18.88M | $13.59M | $9.43M | $10.76M | $21.66M | $46.73M | $36.89M | $31.80M |
| Income tax | $28.72M | $38.60M | $42.04M | $22.00M | $18.29M | $33.81M | $41.40M | $35.15M | $41.04M | $44.41M | $57.80M | $2.82M | $37.22M | $46.55M | $43.01M | $1.82M | $58.90M | $148.10M | $90.04M | $87.47M |
| Effective tax rate | 31.0% | 36.4% | 37.4% | 33.7% | 32.4% | 32.6% | 31.4% | 28.5% | 31.7% | 38.5% | 38.6% | 9.8% | 23.1% | 25.2% | 25.7% | 7.8% | 24.7% | 71.7% | 24.0% | 23.9% |
| Net income | $63.92M | $67.59M | $70.42M | $43.30M | $38.10M | $69.85M | $90.64M | $88.25M | $88.51M | $70.81M | $91.94M | $26.03M | $124.15M | $138.00M | $124.08M | $21.34M | $179.63M | $58.58M | $284.97M | $278.92M |
| Net income growth (YoY) | — | +5.7% | +4.2% | -38.5% | -12.0% | +83.3% | +29.8% | -2.6% | +0.3% | -20.0% | +29.8% | -71.7% | +377.0% | +11.2% | -10.1% | -82.8% | +741.8% | -67.4% | +386.4% | -2.1% |
| Profit margin | 7.0% | 6.7% | 6.2% | 4.7% | 3.9% | 6.3% | 8.2% | 7.9% | 7.8% | 6.3% | 8.0% | 2.2% | 9.1% | 9.8% | 9.2% | 1.5% | 11.8% | 3.3% | 15.8% | 14.9% |