MSA Safety Incorporated logo

MSA Safety Incorporated

MSA

NYSEIndustrialsSecurity & Protection Services

Previous close

$189.43

+$0.99 · +0.53%

Aug 21, 4:00 PM ET

MSA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

81

Deep Value

Momentum

46

Neutral

Sentiment

74

Bullish

Risk resilience

72

Moderate Risk

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Company profile

Company website

MSA Safety Incorporated is a prominent global manufacturer and provider of safety equipment, specializing in the engineering, production, and distribution of solutions designed to safeguard both personnel and critical infrastructure. The company serves a diverse range of high-risk sectors, including the energy industry (oil, gas, and petrochemical), emergency services (fire departments), construction, industrial manufacturing, utilities, military, and mining. Its international footprint extends significantly across North America, Latin America, and other global markets. Among its principal offerings are permanently installed systems for gas and flame detection, encompassing sophisticated monitoring units, flame sensors, and open-path infrared detectors. These are complemented by essential replacement parts and associated services, all crucial for identifying the presence or absence of various atmospheric gases. The company also provides advanced respiratory protection, including self-contained breathing apparatus (SCBA), alongside portable gas detection devices for on-the-go analysis. MSA Safety's product line further includes a comprehensive range of head protection solutions for industrial use, as well as specialized helmets and protective clothing tailored for firefighters. Additionally, the company offers robust fall protection systems, featuring confined space apparatus, safety harnesses, lanyards, and self-retracting lifelines, often integrated into custom-engineered safety setups. Further expanding its portfolio, the company supplies air-purifying respirators, eye and face shields, ballistic helmets, and gas masks. Distribution reaches both end-users and wholesale partners via direct and indirect sales channels. Its products are marketed under well-known brand names such as V-Gard, Cairns, and Gallet. Founded in 1914, MSA Safety Incorporated maintains its headquarters in Cranberry Township, Pennsylvania.

Industry
Security & Protection Services
Sector
Industrials
Headquarters
US
CEO
Steven C. Blanco
Listed since
Feb 22, 1973
Employees
5,300

Market position

Day range

Current $189.43

52-week range

Current $189.43

Open
$189.12
Previous close
$188.44
Volume
134.16K
0.44× average
Average volume
307.39K
Average daily volume
Market cap
7.31B USD
Beta
0.94
Market reference 1
50-day average
$176.25
+7.48% above average
200-day average
$173
+9.50% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.74B USD
P/E (TTM)
23.5×
P/B (TTM)
5.25×
P/S (TTM)
3.76×
EV / EBITDA
14.35×
Earnings yield
4.44%
Free cash flow yield
4.70%
Dividend yield
1.13%

Profitability & efficiency

Gross margin
47.57%
Operating margin
23.32%
Net margin
16.13%
Return on equity
20.40%
Return on assets
10.92%
Return on invested capital
13.46%

Financial health

Debt / equity
0.46×
Current ratio
3.01×
Altman Z-score
6.16
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends52%34%15%-3%Gross margin, FY2021: 43.95%Gross margin, FY2022: 44.10%Gross margin, FY2023: 47.67%Gross margin, FY2024: 47.59%Gross margin, FY2025: 46.46%Operating margin, FY2021: 1.63%Operating margin, FY2022: 15.65%Operating margin, FY2023: 12.94%Operating margin, FY2024: 21.52%Operating margin, FY2025: 21.44%Net margin, FY2021: 1.52%Net margin, FY2022: 11.76%Net margin, FY2023: 3.28%Net margin, FY2024: 15.76%Net margin, FY2025: 14.88%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 43.95%. Gross margin FY2022 44.10%. Gross margin FY2023 47.67%. Gross margin FY2024 47.59%. Gross margin FY2025 46.46%. Operating margin FY2021 1.63%. Operating margin FY2022 15.65%. Operating margin FY2023 12.94%. Operating margin FY2024 21.52%. Operating margin FY2025 21.44%. Net margin FY2021 1.52%. Net margin FY2022 11.76%. Net margin FY2023 3.28%. Net margin FY2024 15.76%. Net margin FY2025 14.88%.

Income trends

Revenue

1.87B USD+3.69%

Operating income

401.98M USD+3.29%

Net income

278.92M USD-2.12%
Income trends across reported periods2.06B USD1.32B USD577.38M USD−164.01M USDRevenue, FY2021: 1.4B USDRevenue, FY2022: 1.53B USDRevenue, FY2023: 1.79B USDRevenue, FY2024: 1.81B USDRevenue, FY2025: 1.87B USDOperating income, FY2021: 22.78M USDOperating income, FY2022: 239.14M USDOperating income, FY2023: 231.32M USDOperating income, FY2024: 389.18M USDOperating income, FY2025: 401.98M USDNet income, FY2021: 21.34M USDNet income, FY2022: 179.63M USDNet income, FY2023: 58.58M USDNet income, FY2024: 284.97M USDNet income, FY2025: 278.92M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.4B USD. Revenue FY2022 1.53B USD. Revenue FY2023 1.79B USD. Revenue FY2024 1.81B USD. Revenue FY2025 1.87B USD. Operating income FY2021 22.78M USD. Operating income FY2022 239.14M USD. Operating income FY2023 231.32M USD. Operating income FY2024 389.18M USD. Operating income FY2025 401.98M USD. Net income FY2021 21.34M USD. Net income FY2022 179.63M USD. Net income FY2023 58.58M USD. Net income FY2024 284.97M USD. Net income FY2025 278.92M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.87B USD1.81B USD1.79B USD1.53B USD1.4B USD
Cost of goods sold1B USD947.7M USD935.51M USD854.12M USD784.83M USD
Gross profit871.11M USD860.45M USD852.14M USD673.83M USD615.35M USD
Research and development65.34M USD66.53M USD67.99M USD57.01M USD57.79M USD
Selling, general, and administrative414.25M USD394.71M USD396.65M USD338.87M USD332.86M USD
Operating expenses469.13M USD471.27M USD620.82M USD434.69M USD592.57M USD
Interest income7.02M USD8.18M USD4.16M USD3.26M USD
Interest expense31.8M USD36.89M USD46.73M USD21.66M USD10.76M USD
Depreciation and amortization71.59M USD64.33M USD60.77M USD56.32M USD50.32M USD
Operating income401.98M USD389.18M USD231.32M USD239.14M USD22.78M USD
Net income278.92M USD284.97M USD58.58M USD179.63M USD21.34M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+5.55%
11 comparable reports
Latest EPS result
2.4
Estimate 2.14 · Beat by 12.15%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.52.161.821.48Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 2.25, estimate 2.23, surprise +0.90%, Beat. Q2 2025, reported Apr 29, 2025: actual 1.68, estimate 1.58, surprise +6.33%, Beat. Q3 2025, reported Aug 4, 2025: actual 1.93, estimate 1.76, surprise +9.66%, Beat. Q4 2025, reported Oct 28, 2025: actual 1.94, estimate 1.9, surprise +2.11%, Beat. Q1 2026, reported Feb 11, 2026: actual 2.38, estimate 2.26, surprise +5.31%, Beat. Q2 2026, reported May 4, 2026: actual 1.99, estimate 1.85, surprise +7.57%, Beat. Q3 2026, reported Jul 30, 2026: actual 2.4, estimate 2.14, surprise +12.15%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 2.17, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates550.64M494.24M437.84M381.45MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 499.7M USD, estimate 521.44M USD, surprise -4.17%, Miss. Q2 2025, reported Apr 29, 2025: actual 421.34M USD, estimate 402.63M USD, surprise +4.65%, Beat. Q3 2025, reported Aug 4, 2025: actual 474.12M USD, estimate 457.44M USD, surprise +3.65%, Beat. Q4 2025, reported Oct 28, 2025: actual 468.44M USD, estimate 508.62M USD, surprise -7.90%, Miss. Q1 2026, reported Feb 11, 2026: actual 511M USD, estimate 508.1M USD, surprise +0.57%, Beat. Q2 2026, reported May 4, 2026: actual 463.63M USD, estimate 451.28M USD, surprise +2.74%, Beat. Q3 2026, reported Jul 30, 2026: actual 503.33M USD, estimate 496.27M USD, surprise +1.42%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 529.46M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$210

10.86% upside
Past 12 months12-month forecastHigh $223Average $210Low $197

Rating distribution

12 ratings
Strong buy00%
Buy758%
Hold542%
Sell00%
Strong sell00%

Recent analyst actions

5 institutions
JP MorganmaintainNeutral
B. Riley SecuritiesmaintainBuy

MSA news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.10

2025 complete year+20.0% since 2021

2026 partial: $1.61

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 14, 2026

$0.54

Quarterly

Record Aug 14, 2026 · Payment Sep 10, 2026

Dividend

Ex-dividend May 15, 2026

$0.54

Quarterly

Record May 15, 2026 · Payment Jun 10, 2026

Dividend

Ex-dividend Feb 13, 2026

$0.53

Quarterly

Record Feb 13, 2026 · Payment Mar 10, 2026

Dividend

Ex-dividend Nov 14, 2025

$0.53

Quarterly

Record Nov 14, 2025 · Payment Dec 10, 2025

Dividend

Ex-dividend Aug 15, 2025

$0.53

Quarterly

Record Aug 15, 2025 · Payment Sep 10, 2025

Dividend

Ex-dividend May 15, 2025

$0.53

Quarterly

Record May 15, 2025 · Payment Jun 10, 2025

MSA peers

ETFs holding MSA

Funds reporting this stock among their holdings, ordered by reported position size.

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