MSA
$182.21+1.94%
MSA Safety IncorporatedStock · IndustrialsUS Stock Market · 0.009% of VTIRussell 1000 · 0.009% of IWBRussell 3000 · 0.009% of IWV
MSA financial statements
The full income statement, balance sheet, and cash-flow statement for MSA Safety Incorporated (MSA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 39.4M2024-09 39.3M2024-12 39.3M2025-03 39.3M2025-06 39.1M2025-09 39.2M2025-12 38.8M2026-03 38.6M2026-06 38.6M-2.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.87B+3.7% | 1.81B+1.1% | 1.79B+17.0% | 1.53B+9.1% | 1.40B+3.9% | |
| 871M+1.2% | 860M+1.0% | 852M+26.5% | 674M+9.5% | 615M+3.3% | ||
| Cost of revenue | 1.00B+5.9% | 948M+1.3% | 936M+9.5% | 854M+8.8% | 785M+4.3% | |
| Research & development | 65.3M-1.8% | 66.5M-2.2% | 68.0M+19.3% | 57.0M-1.4% | 57.8M-0.8% | |
| Selling, general & administrative | 414M+5.0% | 395M-0.5% | 397M+17.0% | 339M+1.8% | 333M+14.6% | |
| Restructuring | 3.90M-39.1% | 6.40M-35.3% | 9.89M+24.2% | 7.96M-51.5% | 16.4M-40.0% | |
| Amortization of intangibles | 20.7M+15.9% | 17.8M-1.4% | 18.1M-5.5% | 19.1M+13.8% | 16.8M+45.3% | |
| Operating income | 372M-4.5% | 389M+68.2% | 231M-3.3% | 239M+949.8% | 22.8M-86.7% | |
| Interest expense | 31.8M-13.8% | 36.9M-21.1% | 46.7M+115.8% | 21.7M+101.3% | 10.8M+14.1% | |
| Interest & investment income | 5.86M-16.5% | 7.02M-14.2% | 8.18M+97.0% | 4.16M+27.6% | 3.26M-6.9% | |
| Other non-operating income | 26.4M+16.1% | 22.7M+2.8% | 22.1M+5.0% | 21.1M+81.8% | 11.6M+103.8% | |
| Pre-tax income | 366M-2.3% | 375M+81.4% | 207M-13.4% | 239M+910.6% | 23.6M-86.0% | |
| Income tax | 87.5M-2.8% | 90.0M-39.2% | 148M+151.4% | 58.9M+3143.6% | 1.82M-95.8% | |
| 279M-2.1% | 285M+386.4% | 58.6M-67.4% | 180M+741.8% | 21.3M-82.8% | ||
| Net income to non-controlling interest | — | — | 0.00 | 0.00-100.0% | 448K-57.8% | |
| Net income to common | 279M-2.1% | 285M+386.7% | 58.5M-67.4% | 180M+743.2% | 21.3M-82.8% | |
| $7.09-1.7% | $7.21+387.2% | $1.48-67.5% | $4.56+744.4% | $0.54-82.9% | ||
| EPS (basic) | $7.11-1.8% | $7.24+385.9% | $1.49-67.5% | $4.58+748.1% | $0.54-83.1% | |
| Weighted-avg shares (basic) | 39.2M-0.4% | 39.4M+0.2% | 39.3M+0.2% | 39.2M+0.2% | 39.2M+0.7% | |
| Weighted-avg shares (diluted) | 39.3M-0.5% | 39.5M+0.2% | 39.5M+0.2% | 39.4M-0.1% | 39.4M+0.4% | |
| Dividends per share | $2.10+5.0% | $2.00+7.0% | $1.87+2.7% | $1.82+4.0% | $1.75+2.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 869M+8.3% | 803M+2.1% | 786M-10.7% | 880M+11.0% | 793M-1.1% | ||
| Cash & equivalents | 165M+0.3% | 165M+12.4% | 146M-10.1% | 163M+15.6% | 141M-12.3% | |
| Accounts receivable | 306M+9.8% | 279M-5.2% | 295M-0.8% | 297M+16.9% | 254M+0.8% | |
| Inventory | 343M+15.6% | 297M+1.4% | 293M-13.5% | 338M+20.6% | 281M+14.6% | |
| Prepaid expenses | 54.7M+24.9% | 43.8M+10.6% | 39.6M-10.6% | 44.3M+3.2% | 43.0M+11.5% | |
| 2.55B+15.8% | 2.21B+1.6% | 2.17B-8.7% | 2.38B-0.8% | 2.40B+24.8% | ||
| Property, plant & equipment | 283M+33.6% | 212M-0.0% | 212M+2.1% | 208M-0.1% | 208M+9.6% | |
| Operating lease right-of-use | 56.9M+1.5% | 56.1M+5.2% | 53.3M+20.7% | 44.1M-12.0% | 50.2M-6.1% | |
| Goodwill | 732M+17.8% | 621M-1.1% | 628M+1.1% | 621M-2.5% | 637M+43.7% | |
| Intangible assets | 299M+21.4% | 246M-7.4% | 266M-5.6% | 282M-8.2% | 307M+90.6% | |
| Deferred tax assets | 21.0M-19.8% | 26.2M-20.8% | 33.1M+29.7% | 25.5M-27.7% | 35.3M-1.1% | |
| Other non-current assets | 13.9M-16.4% | 16.7M-15.9% | 19.8M-85.5% | 137M-13.7% | 159M+78.1% | |
| 289M+0.4% | 288M-13.4% | 333M-3.8% | 346M+4.6% | 331M+6.5% | ||
| Accounts payable | 111M+2.4% | 108M-3.3% | 112M-0.6% | 113M+5.4% | 107M+22.9% | |
| Short-term & current debt | 8.22M-68.8% | 26.4M-0.5% | 26.5M+259.0% | 7.39M | 0.00-100.0% | |
| Current lease liability | 13.2M+15.8% | 11.4M+20.0% | 9.50M+6.0% | 8.96M-6.1% | 9.54M-0.5% | |
| Other current liabilities | 113M+34.4% | 83.7M-17.1% | 101M+0.2% | 101M-11.1% | 113M-2.3% | |
| 1.19B+11.8% | 1.06B-11.7% | 1.20B-17.2% | 1.45B-7.0% | 1.56B+45.7% | ||
| Long-term debt | 573M+18.9% | 482M-16.3% | 575M+1.7% | 565M-5.4% | 598M+108.1% | |
| Non-current lease liability | 46.2M+0.4% | 46.0M+3.3% | 44.5M+25.9% | 35.3M-13.2% | 40.7M-8.8% | |
| Operating lease liability (total) | 59.4M+3.5% | 57.4M+6.3% | 54.0M+21.9% | 44.3M-11.8% | 50.2M-7.3% | |
| Deferred tax liabilities | 128M+18.4% | 108M+5.1% | 102M+221.3% | 31.9M-4.4% | 33.3M+60.6% | |
| Other non-current liabilities | 7.92M+64.1% | 4.82M+7.7% | 4.48M-98.7% | 337M-8.9% | 370M+83.7% | |
| 1.37B+19.6% | 1.14B+18.3% | 967M+4.7% | 924M+10.7% | 834M-0.6% | ||
| Retained earnings | 1.55B+14.6% | 1.35B+18.0% | 1.14B-1.3% | 1.16B+10.3% | 1.05B-4.8% | |
| Treasury stock | 485M+21.8% | 398M+9.6% | 363M+0.5% | 361M+9.4% | 330M+0.8% | |
| Accumulated other comprehensive income | -41.8M+70.5% | -142M-9.6% | -129M+18.6% | -159M-6.4% | -149M+18.2% | |
| Non-controlling interest | — | — | — | — | 0.00-100.0% | |
| Total equity incl. non-controlling | 1.37B+19.6% | 1.14B+18.3% | 967M+4.7% | 924M+10.7% | 834M-1.5% | |
| Total liabilities & equity | 2.55B+15.8% | 2.21B+1.6% | 2.17B-8.7% | 2.38B-0.8% | 2.40B+24.8% | |
| Common shares issued | 62.1M+0.0% | 62.1M+0.0% | 62.1M+0.0% | 62.1M+0.0% | 62.1M+0.0% | |
| Common shares outstanding | 38.9M-0.9% | 39.3M-0.1% | 39.3M+0.3% | 39.2M-0.2% | 39.3M+0.5% | |
| Shares outstanding (cover) | 38.8M-1.2% | 39.3M-0.2% | 39.3M+0.3% | 39.2M-0.2% | 39.3M+0.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 364M+22.8% | 296M+219.2% | 92.9M-41.0% | 157M-20.9% | 199M-3.6% | ||
| Depreciation & amortization | 71.6M+11.3% | 64.3M+5.9% | 60.8M+29.0% | 47.1M+3.7% | 45.4M+14.5% | |
| Intangible amortization | 20.7M+15.9% | 17.8M-1.4% | 18.1M-5.5% | 19.1M+13.8% | 16.8M+45.3% | |
| Share-based compensation | 15.2M-16.4% | 18.2M-39.4% | 30.0M+52.8% | 19.6M+3.9% | 18.9M+173.2% | |
| Deferred income taxes | -4.96M-4963.3% | -98.0K-100.2% | 61.9M+1096.1% | 5.17M+113.3% | -38.9M-1623.6% | |
| Change in receivables | 5.17M+274.0% | 1.38M-80.5% | 7.10M-81.6% | 38.6M+982.2% | -4.37M+43.0% | |
| Change in inventory | 10.5M-28.7% | 14.7M+128.4% | -51.6M-176.6% | 67.4M+277.9% | 17.8M+30.6% | |
| Other operating activities | 0.00 | 0.00-100.0% | 3.00K-100.0% | 20.6M-88.9% | 185M+374.6% | |
| -258M-379.3% | -53.8M-34.5% | -40.0M-791.0% | -4.48M+98.9% | -415M-470.9% | ||
| Capital expenditure | 68.4M+26.2% | 54.2M+26.8% | 42.8M+0.5% | 42.6M-2.9% | 43.8M-10.4% | |
| Free cash flow | 295M+22.0% | 242M+383.5% | 50.1M-56.4% | 115M-26.0% | 155M-1.5% | |
| Acquisitions | 189M | 0.00 | 0.00 | 0.00-100.0% | 392M | |
| Purchases of investments | — | 0.00 | 0.00-100.0% | 79.5M-40.6% | 134M-32.8% | |
| Other investing activities | -79.0K+83.1% | -468K+83.4% | -2.81M-302.4% | 1.39M-73.7% | 5.29M+1264.3% | |
| -105M+49.5% | -209M-299.4% | -52.3M+53.9% | -113M-155.6% | 204M+261.2% | ||
| Long-term debt issued | 1.14B-0.5% | 1.15B-39.3% | 1.90B+87.6% | 1.01B-38.4% | 1.64B+66.1% | |
| Long-term debt repaid | 1.08B-13.5% | 1.24B-33.5% | 1.87B+82.9% | 1.02B-24.0% | 1.35B+30.6% | |
| Net short-term debt | — | — | — | — | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 90.0M+140.9% | 37.3M+842.7% | 3.96M-88.5% | 34.4M+457.3% | 6.17M-78.8% | |
| Dividends paid | 82.3M+4.6% | 78.8M+7.2% | 73.5M+2.8% | 71.5M+4.2% | 68.6M+3.0% | |
| FX effect on cash | 127K+100.7% | -17.3M-3.7% | -16.7M-0.2% | -16.6M-131.2% | -7.19M-682.9% | |
| Net change in cash | 895K-94.6% | 16.7M+204.2% | -16.0M-169.7% | 23.0M+217.3% | -19.6M-330.8% | |
| Interest paid | 32.1M-10.0% | 35.7M-24.5% | 47.3M+127.9% | 20.7M+123.3% | 9.29M-5.8% | |
| Income taxes paid | 102M-1.0% | 103M+48.6% | 69.1M+14.2% | 60.5M+32.8% | 45.6M-25.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 6.21B-4.6% | 6.51B-1.9% | 6.63B+17.3% | 5.65B-4.7% | 5.93B+1.5% | |
| P/E | 22.3×-2.5% | 22.8× | — | 84.8×-69.5% | 277.8×+490.4% | |
| P/S | 3.3×-8.0% | 3.6×-13.4% | 4.2×+9.9% | 3.8×-10.7% | 4.2×-2.2% | |
| P/B | 4.5×-20.2% | 5.7×-33.9% | 8.6×+28.4% | 6.7×-5.6% | 7.1×+2.1% | |
| P/FCF | 21.0×-21.8% | 26.9× | — | 43.1×+12.8% | 38.2×+3.1% | |
| Earnings yield | 4.5%+2.6% | 4.4% | — | 1.2%+227.7% | 0.36%-83.1% | |
| FCF yield | 4.8%+27.8% | 3.7% | — | 2.3%-11.3% | 2.6%-3.0% | |
| Dividend yield | 1.3%+8.7% | 1.2%+8.9% | 1.1%-12.2% | 1.3%+8.9% | 1.2%+1.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MSA’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MSA filings on SEC EDGAR → Not investment advice.