MSA Safety Incorporated logo MSA - MSA Safety Incorporated

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 7
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $222.33 DETAILS
HIGH: $235.00
LOW: $197.00
MEDIAN: $235.00
CONSENSUS: $222.33
UPSIDE: 30.06%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 1,874.8 1,808.1 1,787.6 1,528.0 1,400.2 1,348.2 1,402.0 1,358.1 1,196.8 1,149.5 1,130.8 1,133.9 1,112.1 1,110.4 1,112.8 976.6 915.9 1,139.4 1,007.6 919.1 912.0 857.5 698.2 564.4 509.7 468.3 497.9 500.2 499.1 501 487.7 459.6 429.2
Cost of Revenue 1,003.7 947.7 935.5 854.1 784.8 752.7 763.4 746.2 657.9 627.3 629.7 618.5 615.2 620.9 654.4 606.5 573.3 701.7 616.2 568.4 558.9 512.1 422.3 351.6 309.7 294.0 318 315.8 302.2 307.1 296.8 286.7 273.4
Gross Profit 871.1 860.4 852.1 673.8 615.3 595.5 638.6 611.9 538.9 522.2 501.1 515.3 496.8 489.5 458.4 370.1 342.6 437.8 391.4 350.7 353.0 345.4 275.9 212.8 200.1 174.3 179.9 184.4 196.9 193.9 190.9 172.9 155.8
Operating Expenses
R&D Expenses 65.3 66.5 68.0 57.0 57.8 58.3 57.8 52.7 50.1 46.8 48.6 48.2 45.9 40.9 39.2 32.8 28.8 35.0 30.2 26.0 21.9 22.6 20.9 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 414.3 394.7 396.6 338.9 332.9 290.3 330.5 324.8 300.1 308.2 315.3 322.8 309.2 312.9 297.8 262.9 230.9 270.6 241.1 215.7 201.4 204.8 180.1 140.9 130.1 124.8 129.5 135.3 139.3 133.1 138.2 124.7 124.5
Other Expenses (10.5) 10.0 156.2 38.8 201.9 75.0 62.0 60.9 149.2 6.5 137.2 144.3 141.8 135.8 (0.1) 8.1 11.4 3.9 4.1 7.0 0 0 0 21.5 22.6 20.9 23.6 22.4 23.2 23.6 20 18.5 17.3
Operating Expenses 469.1 471.3 620.8 434.7 592.6 423.6 450.4 438.4 499.3 361.5 501.1 515.3 496.8 489.5 336.9 303.8 271.1 309.5 275.5 248.7 223.3 227.4 201.0 162.4 152.7 145.8 153.1 157.7 162.5 156.7 158.2 143.2 141.8
Operating Income
Operating Income 402.0 389.2 231.3 239.1 22.8 171.9 188.2 173.5 39.6 160.7 137.2 144.3 141.8 135.8 121.4 66.3 71.5 128.2 116.0 102.0 129.8 118.0 75.0 50.4 47.4 28.6 26.8 26.7 34.4 37.2 32.7 29.7 14
Interest Expense 31.8 36.9 46.7 21.7 10.8 9.4 13.6 18.9 15.4 16.4 10.9 9.9 10.7 11.4 14.1 8.7 7.1 8.9 9.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 7.0 8.2 4.2 3.3 3.5 4.4 4.6 3.6 2.8 1.5 1.8 1.1 1.5 1.8 2.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 473.6 476.2 314.2 316.5 84.7 217.3 237.4 219.1 83.0 203.6 153.6 167.0 161.6 172.4 148.1 95.2 99.8 148.9 140.5 131.1 154.1 143.5 98.2 71.9 70.0 49.5 50.4 49.1 57.6 60.8 52.7 48.2 31.3
EBIT 402.0 411.9 253.4 260.2 34.4 177.6 199.3 181.2 45.1 168.3 121.9 137.0 130.8 140.7 115.2 66.1 72.4 121.3 116.1 109.0 129.8 118.0 75.0 50.4 47.4 28.6 26.8 26.7 34.4 37.2 32.7 29.7 14
Income Before Tax 366.4 375.0 206.7 238.5 23.6 168.1 185.8 162.3 29.8 151.9 111.0 127.2 120.1 129.3 101.1 57.3 65.3 112.4 106.2 92.6 123.8 113.9 73.8 48.1 43.6 27.4 23.2 28.2 36.3 36.7 33.1 25.8 18.3
Income Tax Expense 87.5 90.0 148.1 58.9 1.8 43.0 46.5 37.2 2.8 57.8 44.4 41.0 35.1 41.4 33.8 18.3 22.0 42.0 38.6 28.7 42.0 42.8 24.8 16.9 17.8 8.5 6.9 9.9 14.4 13.6 14.2 10.5 7.7
Net Income 278.9 285.0 58.6 179.6 21.3 124.1 138.0 124.2 26.0 91.9 70.8 88.5 88.2 90.6 69.9 38.1 43.3 70.4 67.6 63.9 81.8 71.0 65.3 35.1 31.6 23.2 15.1 18.3 21.9 23.1 18.9 15.3 10.6
Per Share Data
EPS (Basic) 7.11 7.24 1.49 4.58 0.54 3.19 3.52 3.24 0.68 2.45 1.89 2.37 2.37 2.45 1.91 1.06 1.21 1.98 1.89 1.76 2.24 1.91 1.33 0.96 0.88 0.63 0.39 0.46 0.53 0.53 0.37 0.29 0.19
EPS (Diluted) 7.09 7.21 1.48 4.56 0.54 3.16 3.48 3.19 0.67 2.42 1.87 2.33 2.34 2.42 1.87 1.05 1.21 1.96 1.86 1.73 2.19 1.86 1.31 0.95 0.87 0.63 0.39 0.46 0.53 0.53 0.37 0.29 0.19
Shares Outstanding 39.2 39.4 39.3 39.2 39.2 38.9 38.7 38.4 38.0 37.5 37.3 37.1 36.9 36.6 36.2 35.9 35.7 35.6 35.7 36.3 36.6 37.1 36.7 36.5 35.8 36.9 38.9 40.0 41.1 43.9 51.0 53.0 54.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 165.1 164.6 146.4 162.9 141.4 161.0 152.5 140.1 134.2 113.8 62.0 50.9 76.5 73.2 36.5 22.8 19.4 8.9 24 19.9 25.1 32 54.4 46.4
Short-Term Investments 0 0 0 9.9 49.0 75.0 49.9 55.1 0 0 0 0 0 0 0 4.2 7.1 8.2 0 0 0 0 0 0
Net Receivables 306.5 279.2 294.7 303.0 266.7 268.1 266.4 248.6 261.5 215.7 177.4 220.0 157.8 128.9 94.1 89.0 77.6 81.6 94.9 91.4 101.7 91 88.7 81.9
Inventory 343.0 296.8 292.6 338.3 280.6 245.0 185.0 156.6 153.7 103.1 123.9 159.4 124.8 90.1 76.7 77.9 72.7 82.1 85.5 81.1 77 83.6 77 81.5
Other Current Assets 54.7 43.8 39.6 44.3 33.8 26.2 26.5 0 0 (2) 25.1 23.0 19.4 20.2 65.5 13.6 24.4 22.3 24.8 27.2 24.6 22 17.2 14.8
Total Current Assets 869.3 803.0 786.3 880.1 792.8 801.4 693.4 656.6 622.3 472.8 434.0 477.8 397.7 323.2 282.9 217.7 201.2 203.1 229.2 219.6 228.4 228.6 237.3 224.6
Non-Current Assets
Property, Plant & Equipment 340.0 267.9 265.2 251.7 258.0 243.1 218.7 157.9 157.0 148.7 144.6 141.4 123.7 120.6 125.6 153.0 159.6 163.5 164.6 155.2 147.1 151.1 152 153.5
Goodwill 731.6 620.9 627.5 620.6 636.9 443.3 436.7 413.6 422.2 333.3 84.7 83.2 0 0 0 33.7 0 0 0 0 0 0 0 0
Intangible Assets 299.1 246.4 266.1 281.9 306.9 161.1 171.3 169.5 183 77 0 0 49.5 44.8 43.0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 0 166.2 133.5 108.5 137.9 239.9 260.8 105.8 70.4 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 293.4 241.3 192.0 317.2 200.3 101.6 78.5 209.4 217.6 115.2 95.2 95.4 141.7 132.2 120.5 103.6 128.9 85.1 62.9 31.6 32.2 26.9 27.8 29.8
Total Non-Current Assets 1,685.1 1,402.8 1,383.9 1,496.9 1,603.6 1,118.2 1,046.3 951.4 1,062.5 881.1 441.2 398.0 336.4 320.6 296.8 303.0 288.5 248.6 227.5 186.8 179.3 178 179.8 183.3
Total Assets 2,554.4 2,205.8 2,170.2 2,377.0 2,396.4 1,919.6 1,739.7 1,608.0 1,684.8 1,353.9 875.2 875.8 734.1 643.9 579.8 520.7 489.7 451.7 456.7 406.4 407.7 406.6 417.1 407.9
Current Liabilities
Account Payables 110.8 108.2 111.9 112.5 106.8 86.9 89.1 78.4 87.1 62.7 43.5 50.1 40.7 40.0 31.0 24.8 32.4 29.1 35 30.8 27.6 24.1 25.9 20.9
Short-Term Debt 8.2 26.4 26.5 7.4 0 20 20 20.1 26.7 26.7 16.3 60.8 6.4 5.7 14.1 6.4 6.6 4.5 33.5 25.2 8.2 6 9.7 6.3
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 10.1 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 156.0 138.6 174.5 119.0 105.0 84.0 67.8 183.6 175.5 128.1 108.6 57.9 80.0 69.0 54.7 51.3 48.0 46.4 41.5 47.2 56 41.9 35.2 33.2
Total Current Liabilities 289.2 288.1 332.8 345.9 330.6 310.5 277.5 282.1 289.3 221.4 168.4 219.7 127.1 114.7 99.7 82.5 87.0 80 110 103.2 91.8 72 70.8 60.4
Non-Current Liabilities
Long-Term Debt 572.7 481.6 575.2 565.4 597.7 287.2 328.4 341.3 447.8 363.8 82.1 94.1 54.5 59.9 64.3 67.4 71.8 36.3 11.9 12.3 13.3 14.7 16.6 27.5
Deferred Tax Liabilities 127.5 107.7 102.4 31.9 33.3 20.8 9.8 7.2 9.3 34.0 44.8 36.5 76.7 70.8 61.4 56.1 47.2 36 28.5 22.8 16.8 17 14.4 12.1
Other Non-Current Liabilities 151.8 139.1 148.4 474.7 559.7 409.3 348.8 338.0 335.8 173.4 140.5 130.4 98.3 90.6 65.3 61.3 57.3 56.9 63.4 57.8 44.4 49.3 49.3 48.1
Total Non-Current Liabilities 898.2 774.4 870.5 1,107.4 1,231.4 761.9 729.6 686.4 793.0 571.3 267.4 261.0 229.4 221.3 191.0 184.7 176.2 129.2 103.9 61.8 74.5 81 80.3 87.7
Total Liabilities 1,187.4 1,062.5 1,203.3 1,453.2 1,562.0 1,072.4 1,007.1 968.5 1,082.2 792.7 435.8 480.7 356.5 336.0 290.7 267.2 263.2 209.2 213.9 165 166.3 153 151.1 148.1
Stockholders' Equity
Common Stock 343.8 330.0 312.3 282.0 260.1 242.7 229.1 211.8 195.0 172.7 0 0.4 39.2 31.2 28.6 25.4 18.8 12.6 0 0 0 0 0 0
Retained Earnings 1,546.2 1,349.7 1,143.4 1,158.3 1,050.2 1,103.1 1,012.3 935.6 868.7 901.4 674.0 665.2 494.0 436.7 434.7 407.6 382.4 365.1 355.9 343.5 325.9 309.7 297 287.3
Accumulated Other Comprehensive Income (41.8) (141.6) (129.2) (158.7) (149.1) (182.4) (214.0) (218.9) (171.8) (230.2) (45.9) (74.4) (15.9) (26.4) (43.0) (49.0) (47.7) (42) (207.1) (199.5) (200.4) (188.2) (170.2) (153.2)
Total Stockholders' Equity 1,367.0 1,143.3 966.8 923.7 834.4 839.2 725.8 639.5 602.6 561.2 436.6 393.8 377.6 307.9 289.1 253.5 226.5 242.5 242.8 241.4 241.4 253.6 266 259.8
Total Liabilities & Equity 2,554.4 2,205.8 2,170.2 2,377.0 2,396.4 1,919.6 1,739.7 1,608.0 1,684.8 1,353.9 875.2 875.8 734.1 643.9 579.8 520.7 489.7 451.7 456.7 406.4 407.7 406.6 417.1 407.9
Debt Metrics
Total Debt 627.1 554.0 646.2 608.2 638.4 351.8 400.2 361.4 474.5 390.5 98.4 154.9 60.8 65.6 78.4 73.9 78.4 40.8 45.4 37.5 21.5 20.7 26.3 33.8
Net Debt 462.0 389.4 499.7 445.3 496.9 190.8 247.7 221.3 340.3 276.7 36.5 104.0 (15.7) (7.7) 41.9 51.0 59.0 31.9 21.4 17.6 (3.6) (11.3) (28.1) (12.6)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 278.9 285.0 58.6 179.6 21.8 121.2 137.6 125.1 27.0 93.9 81.8 71.0 65.3 35.1 31.6 23.2 15.1 18.3 21.9 23.1 18.9 15.3 10.6
Depreciation & Amortization 71.6 64.3 60.8 56.3 50.3 39.7 38.0 37.9 37.9 35.3 24.3 25.5 23.2 21.5 26.5 24.6 23.4 22.4 21.5 22.4 20 18.5 17.3
Stock-Based Compensation 0 18.2 30.0 19.6 18.9 6.9 13.8 12.2 11.8 9.2 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 6.9 (59.4) 94.7 (96.7) (58.2) 6.7 (10.7) 103.8 165.5 5.8 (21.2) (51.4) (30.8) (2.9) (21.1) 21.6 13.8 (15.2) (6.8) 16.3 (0.3) 8.1 (3.4)
Other Non-Cash Items 6.4 (11.6) (151.2) (6.6) 205.2 35.4 (15.0) (8.2) 19.6 (23.6) 5.3 6.7 (2.6) 1.5 1.0 (4.0) (6) 0.9 (0.1) (0.1) 0.1 (1.3) 0.2
Operating Cash Flow 363.9 296.4 92.9 157.5 199.1 206.6 165.0 266.8 230.3 134.9 86.0 53.8 40.5 49.3 30.8 52.3 39.4 21.4 30.9 56.5 35.6 40.7 24.6
Investing Activities
Capital Expenditure (68.4) (54.2) (42.8) (43.9) (49.1) (48.9) (36.6) (36.9) (23.7) (25.5) (21.7) (27.3) (19.6) (19.9) (22.3) (19.4) (26.2) (34.3) (35.3) (21.6) (19.1) (22.6) (20.4)
Acquisitions (189.3) 0 0 1.4 (392.4) 48.9 (33.2) 34.0 (216.3) (18.4) (17.0) (6.4) (0.3) (14.7) (6.8) (30.3) 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 (79.5) (133.9) (24.3) (169.2) (55.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 119 160 175 5.4 18 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0.1 0.5 2.8 (1.4) 0 (223.5) 169.5 (47.4) 0.8 18.2 1.3 0.9 86.6 0.6 6.7 3.4 (3.4) 23.2 0.8 (8.4) (0.4) 11.1 (0.8)
Investing Cash Flow (257.6) (53.8) (40.0) (4.5) (415.5) (72.8) (64.2) (87.3) (239.2) (25.8) (37.3) (32.8) 66.7 (34.0) (22.4) (46.2) (29.6) (11.1) (34.5) (30) (19.5) (11.5) (21.2)
Financing Activities
Net Debt Issuance 67.3 (94.3) 23.9 (13) 291.1 (44) (16.6) (107.6) 77.2 (60.9) (5.6) (4.5) (13.8) (0.8) (4.1) 37.8 (4.1) 8.5 16.7 1 (5.9) (8.8) 0
Stock Repurchased (90.0) (37.3) (4.0) (34.4) (6.2) (29.1) (12.6) (4.8) (17.5) (1.9) (58.0) (6.1) (2.3) (0.8) (3.2) (54.9) (5.5) (7) (9.9) (28.3) (28) (8.5) (4.1)
Dividends Paid (82.3) (78.8) (73.5) (71.5) (68.6) (66.6) (63.5) (57.2) (52.5) (49.1) (19.1) (13.8) (63.3) (8.0) (6.5) (5.9) (5.9) (5.9) (5.7) (5.4) (6.2) (5.6) (5.6)
Other Financing Activities (3.1) 0 (1.1) 0 (19.0) 0 0 6.4 18.4 14.0 0 0 0 0 0 0 0.1 (0.1) 0 (0.1) 0 (0.1) (0.1)
Financing Cash Flow (105.5) (208.7) (52.3) (113.3) 203.9 (126.5) (84.6) (163.3) 23.1 (97.8) (78.0) (19.4) (76.3) (7.1) (6.3) 4.1 (15.4) (4.5) 1.1 (32) (40.1) (23) (9.8)
Cash Position
Net Change in Cash (0.0) 16.7 (16.0) 23.0 (19.6) 8.5 11.9 2.7 20.5 7.8 (31.7) 3.3 36.8 9.8 0.5 9.4 (6.9) 4.2 (5.2) (6.8) (22.5) 8 (9)
Cash at Beginning 165.1 148.4 164.4 141.4 161.0 152.5 140.3 137.4 113.8 105.9 76.5 73.2 36.5 26.7 26.5 17.1 24 19.9 25.1 32 54.4 46.4 55.4
Cash at End 165.1 165.1 148.4 164.4 141.4 161.0 152.2 140.1 134.2 113.8 44.8 76.5 73.2 36.5 27.0 26.5 17.1 24.1 19.9 25.2 31.9 54.4 46.4
Free Cash Flow 295.4 242.2 50.1 113.5 150.0 157.7 128.4 229.9 206.6 109.4 64.3 26.5 20.9 29.4 8.5 32.9 13.2 (12.9) (4.4) 34.9 16.5 18.1 4.2
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 1,874.8 1,808.1 1,787.6 1,528.0 1,400.2 1,348.2 1,402.0 1,358.1 1,196.8 1,149.5 1,130.8 1,133.9 1,112.1 1,110.4 1,112.8 976.6 915.9 1,139.4 1,007.6 919.1 912.0 857.5 698.2 564.4 509.7 468.3 497.9 500.2 499.1 501 487.7 459.6 429.2
Gross Profit 871.1 860.4 852.1 673.8 615.3 595.5 638.6 611.9 538.9 522.2 501.1 515.3 496.8 489.5 458.4 370.1 342.6 437.8 391.4 350.7 353.0 345.4 275.9 212.8 200.1 174.3 179.9 184.4 196.9 193.9 190.9 172.9 155.8
Operating Income 402.0 389.2 231.3 239.1 22.8 171.9 188.2 173.5 39.6 160.7 137.2 144.3 141.8 135.8 121.4 66.3 71.5 128.2 116.0 102.0 129.8 118.0 75.0 50.4 47.4 28.6 26.8 26.7 34.4 37.2 32.7 29.7 14
Net Income 278.9 285.0 58.6 179.6 21.3 124.1 138.0 124.2 26.0 91.9 70.8 88.5 88.2 90.6 69.9 38.1 43.3 70.4 67.6 63.9 81.8 71.0 65.3 35.1 31.6 23.2 15.1 18.3 21.9 23.1 18.9 15.3 10.6
EPS (Diluted) 7.09 7.21 1.48 4.56 0.54 3.16 3.48 3.19 0.67 2.42 1.87 2.33 2.34 2.42 1.87 1.05 1.21 1.96 1.86 1.73 2.19 1.86 1.31 0.95 0.87 0.63 0.39 0.46 0.53 0.53 0.37 0.29 0.19
Balance Sheet
Cash & Equivalents 165.1 164.6 146.4 162.9 141.4 161.0 152.5 140.1 134.2 113.8 62.0 50.9 76.5 73.2 36.5 22.8 19.4 8.9 24 19.9 25.1 32 54.4 46.4
Total Assets 2,554.4 2,205.8 2,170.2 2,377.0 2,396.4 1,919.6 1,739.7 1,608.0 1,684.8 1,353.9 875.2 875.8 734.1 643.9 579.8 520.7 489.7 451.7 456.7 406.4 407.7 406.6 417.1 407.9
Total Debt 627.1 554.0 646.2 608.2 638.4 351.8 400.2 361.4 474.5 390.5 98.4 154.9 60.8 65.6 78.4 73.9 78.4 40.8 45.4 37.5 21.5 20.7 26.3 33.8
Stockholders' Equity 1,367.0 1,143.3 966.8 923.7 834.4 839.2 725.8 639.5 602.6 561.2 436.6 393.8 377.6 307.9 289.1 253.5 226.5 242.5 242.8 241.4 241.4 253.6 266 259.8
Cash Flow
Operating Cash Flow 363.9 296.4 92.9 157.5 199.1 206.6 165.0 266.8 230.3 134.9 86.0 53.8 40.5 49.3 30.8 52.3 39.4 21.4 30.9 56.5 35.6 40.7 24.6
Capital Expenditure (68.4) (54.2) (42.8) (43.9) (49.1) (48.9) (36.6) (36.9) (23.7) (25.5) (21.7) (27.3) (19.6) (19.9) (22.3) (19.4) (26.2) (34.3) (35.3) (21.6) (19.1) (22.6) (20.4)
Free Cash Flow 295.4 242.2 50.1 113.5 150.0 157.7 128.4 229.9 206.6 109.4 64.3 26.5 20.9 29.4 8.5 32.9 13.2 (12.9) (4.4) 34.9 16.5 18.1 4.2