MSA
MSA Safety Inc
Next earnings Aug 3, 2026 · consensus $2.16 EPS, $501M rev
Last earnings -0.3% on 2026-05-04
$170.46
▲ +1.69%$170.46▲ +3.69%
over 1Y
L $152.07EODHDH $201.92
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.7%
1W+4.0%
1M-0.7%
3M+3.5%
YTD+5.7%
1Y+3.7%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 11 analysts
Buy
High-quality safety-equipment compounder with 20% ROE, strong cash flow and steady growth, at a fair 23x — a buy-and-hold name.
Revenue (FY2025) $1.87B · FY2025
The read
The fundamentals carry the rating, but the price is rich (~56% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
MSA Safety is a high-quality manufacturer of mission-critical safety products (breathing apparatus, gas detection, firefighter and industrial protective equipment) used in high-risk environments where reliability and brand trust command pricing power. FY2025 was a steady year: revenue grew 3.7% to $1.87B, gross margin held at a strong 46.5%, and operating margin remained robust at 19.8%. Net income dipped slightly (-2.1% to $279M, EPS $7.09), but the underlying franchise quality is evident in a 20.4% ROE and excellent cash conversion — operating cash flow jumped 22.8% to $364M against just $68.4M of capex.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.40B | $1.53B | $1.79B | $1.81B | $1.87B |
| Gross profit | $615M | $674M | $852M | $860M | $871M |
| Operating income | $22.8M | $239M | $231M | $389M | $372M |
| Net income | $21.3M | $180M | $58.6M | $285M | $279M |
| Diluted EPS | $0.54 | $4.56 | $1.48 | $7.21 | $7.09 |
| Net margin | 1.5% | 11.8% | 3.3% | 15.8% | 14.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$7.03B
EV / EBITDA15.8
EV / Sales3.7
EV / FCF23.8
P / FCF22.4
PEG (trailing)—
Earnings yield4.2%
FCF yield4.5%
Quality & risk
ROIC (est.)15.1%
Free cash flow$295M
Total debt$581M
Net cash-$416M
Altman Z-Score5.67 safe
Piotroski F-Score5/9
Capital returns
Buyback yield—
Dividend yield (est.)1.2%
Shareholder yield1.2%
Shares Δ YoY-1.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-112026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗4Period ending 2026-06-102026-06-12open ↗SDFiling2026-05-28open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-132026-05-14open ↗4Period ending 2026-05-132026-05-14open ↗4Period ending 2026-05-132026-05-14open ↗4Period ending 2026-05-132026-05-14open ↗
Frequently asked
- Is MSA Safety Inc (MSA) a buy?
- MSA currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. High-quality safety-equipment compounder with 20% ROE, strong cash flow and steady growth, at a fair 23x — a buy-and-hold name.
- What is MSA's fair value?
- A Modified-Graham model based on MSA's SEC fundamentals estimates a fair value of about $75.46. It is an estimate from reported earnings, not a price target.
- Is MSA overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, MSA currently appears overvalued relative to its SEC-grounded earnings power.
- What is MSA Safety Inc's quality score?
- MSA scores 70.94117647058822/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000066570, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/21/2026, 8:53:49 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.