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Msa Safety I Prf Financials

MNESP
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Msa Safety I Prf (MNESP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 63 / 100
Financial Profile 63/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
66

Msa Safety I Prf has an operating margin of 19.8%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 66/100, reflecting efficient cost management and pricing power. This is down from 21.5% the prior year.

Growth
39

Msa Safety I Prf's revenue grew a modest 3.7% year-over-year to $1.9B. This slow but positive growth earns a score of 39/100.

Leverage
93

Msa Safety I Prf carries a low D/E ratio of 0.42, meaning only $0.42 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
58

Msa Safety I Prf's current ratio of 3.01 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
64

Msa Safety I Prf has a free cash flow margin of 15.8%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
56

Msa Safety I Prf's ROE of 20.4% shows moderate profitability relative to equity, earning a score of 56/100. This is down from 24.9% the prior year.

Piotroski F-Score Neutral
5/9

Msa Safety I Prf passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.30x

For every $1 of reported earnings, Msa Safety I Prf generates $1.30 in operating cash flow ($363.9M OCF vs $278.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
11.7x

Msa Safety I Prf earns $11.7 in operating income for every $1 of interest expense ($371.8M vs $31.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.9B
YoY+3.7%
5Y CAGR+6.8%
10Y CAGR+5.2%

Msa Safety I Prf generated $1.9B in revenue in fiscal year 2025. This represents an increase of 3.7% from the prior year.

EBITDA
$443.4M
YoY-2.2%
5Y CAGR+15.9%
10Y CAGR+11.1%

Msa Safety I Prf's EBITDA was $443.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.2% from the prior year.

Net Income
$278.9M
YoY-2.1%
5Y CAGR+17.6%
10Y CAGR+14.7%

Msa Safety I Prf reported $278.9M in net income in fiscal year 2025. This represents a decrease of 2.1% from the prior year.

EPS (Diluted)
$7.09
YoY-1.7%
5Y CAGR+17.6%
10Y CAGR+14.3%

Msa Safety I Prf earned $7.09 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$295.4M
YoY+22.0%
5Y CAGR+13.4%
10Y CAGR+31.6%

Msa Safety I Prf generated $295.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 22.0% from the prior year.

Cash & Debt
$165.1M
YoY+0.3%
5Y CAGR+0.5%
10Y CAGR+4.5%

Msa Safety I Prf held $165.1M in cash against $572.7M in long-term debt as of fiscal year 2025.

Dividends Per Share
$2.10
YoY+5.0%
5Y CAGR+4.2%

Msa Safety I Prf paid $2.10 per share in dividends in fiscal year 2025. This represents an increase of 5.0% from the prior year.

Shares Outstanding
39M
YoY-1.2%
5Y CAGR-0.2%
10Y CAGR+0.4%

Msa Safety I Prf had 39M shares outstanding in fiscal year 2025. This represents a decrease of 1.2% from the prior year.

Margins & Returns

Gross Margin
46.5%
YoY-1.1pp
5Y CAGR+2.3pp
10Y CAGR+2.1pp

Msa Safety I Prf's gross margin was 46.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.1 percentage points from the prior year.

Operating Margin
19.8%
YoY-1.7pp
5Y CAGR+7.1pp
10Y CAGR+9.0pp

Msa Safety I Prf's operating margin was 19.8% in fiscal year 2025, reflecting core business profitability. This is down 1.7 percentage points from the prior year.

Net Margin
14.9%
YoY-0.9pp
5Y CAGR+5.7pp
10Y CAGR+8.6pp

Msa Safety I Prf's net profit margin was 14.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.

Return on Equity
20.4%
YoY-4.5pp
5Y CAGR+5.6pp
10Y CAGR+6.7pp

Msa Safety I Prf's ROE was 20.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.5 percentage points from the prior year.

Capital Allocation

R&D Spending
$65.3M
YoY-1.8%
5Y CAGR+2.3%
10Y CAGR+3.0%

Msa Safety I Prf invested $65.3M in research and development in fiscal year 2025. This represents a decrease of 1.8% from the prior year.

Share Buybacks
$90.0M
YoY+140.9%
5Y CAGR+25.3%
10Y CAGR+24.7%

Msa Safety I Prf spent $90.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 140.9% from the prior year.

Capital Expenditures
$68.4M
YoY+26.2%
5Y CAGR+7.0%
10Y CAGR+6.6%

Msa Safety I Prf invested $68.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 26.2% from the prior year.

MNESP Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $510.9M+9.1% $468.4M-1.2% $474.1M+12.5% $421.3M-15.7% $499.7M+15.5% $432.7M-6.4% $462.5M+11.9% $413.3M
Cost of Revenue N/A $250.8M-1.0% $253.4M+11.2% $227.9M N/A $225.2M-5.9% $239.4M+9.9% $217.8M
Gross Profit $239.4M+10.0% $217.6M-1.4% $220.7M+14.1% $193.4M-17.5% $234.4M+13.0% $207.5M-7.0% $223.0M+14.1% $195.5M
R&D Expenses N/A $16.5M-2.8% $17.0M+8.5% $15.7M N/A $16.7M-2.1% $17.1M+7.2% $15.9M
SG&A Expenses N/A $102.9M-8.2% $112.1M+19.3% $94.0M N/A $95.1M-9.5% $105.1M+11.6% $94.2M
Operating Income N/A $94.3M+9.8% $85.9M+10.4% $77.8M N/A $91.5M-8.5% $99.9M+24.8% $80.1M
Interest Expense N/A $8.4M+3.7% $8.1M+18.7% $6.8M N/A $9.2M-5.3% $9.7M-10.0% $10.7M
Income Tax N/A $22.8M+14.4% $20.0M+8.9% $18.3M N/A $21.5M-3.1% $22.2M+27.1% $17.5M
Net Income $86.9M+24.9% $69.6M+10.9% $62.8M+5.3% $59.6M-32.2% $87.9M+32.0% $66.6M-7.7% $72.2M+24.2% $58.1M
EPS (Diluted) $2.21+24.9% $1.77+11.3% $1.59+5.3% $1.51-32.0% $2.22+31.4% $1.69-7.7% $1.83+24.5% $1.47

MNESP Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $2.6B0.0% $2.6B+0.1% $2.6B+14.1% $2.2B+1.4% $2.2B-1.6% $2.2B-0.1% $2.2B+3.2% $2.2B
Current Assets $869.3M-2.8% $894.8M+0.8% $887.5M+7.8% $823.2M+2.5% $803.0M-4.7% $842.7M-2.2% $861.4M+8.6% $792.9M
Cash & Equivalents $165.1M-2.9% $170.0M+15.7% $147.0M-13.8% $170.6M+3.7% $164.6M+6.6% $154.4M+5.1% $146.8M-1.0% $148.3M
Inventory $343.0M-3.5% $355.5M+3.4% $343.9M+12.1% $306.7M+3.3% $296.8M-15.6% $351.8M+9.6% $320.9M+5.0% $305.6M
Accounts Receivable $306.5M-0.2% $306.9M-8.0% $333.8M+13.4% $294.4M+5.4% $279.2M+0.7% $277.3M-7.3% $299.1M+7.2% $279.1M
Goodwill $731.6M-0.1% $732.2M-0.1% $733.2M+16.9% $627.2M+1.0% $620.9M-1.9% $632.8M+1.3% $624.6M-0.1% $625.0M
Total Liabilities $1.2B-5.1% $1.3B-3.6% $1.3B+24.1% $1.0B-1.6% $1.1B-7.3% $1.1B-5.2% $1.2B+2.6% $1.2B
Current Liabilities $289.2M-0.4% $290.3M+1.7% $285.5M+1.8% $280.4M-2.7% $288.1M-8.4% $314.5M-10.6% $351.8M+11.1% $316.5M
Long-Term Debt $572.7M-7.7% $620.4M-7.5% $671.0M+43.0% $469.2M-2.6% $481.6M-8.8% $527.8M-6.0% $561.8M-1.4% $569.7M
Total Equity $1.4B+5.0% $1.3B+4.0% $1.3B+5.3% $1.2B+4.1% $1.1B+4.4% $1.1B+6.0% $1.0B+3.9% $994.8M
Retained Earnings $1.5B+4.5% $1.5B+3.4% $1.4B+3.0% $1.4B+2.9% $1.3B+5.3% $1.3B+3.8% $1.2B+4.4% $1.2B

MNESP Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $122.4M+8.8% $112.5M+67.3% $67.2M+8.7% $61.8M-42.7% $107.9M+28.0% $84.3M+58.2% $53.3M+4.7% $50.9M
Capital Expenditures $16.3M+36.3% $12.0M-59.1% $29.3M+172.0% $10.8M-25.2% $14.4M+1.1% $14.3M-0.6% $14.3M+27.8% $11.2M
Free Cash Flow $106.0M+5.5% $100.5M+165.2% $37.9M-25.8% $51.0M-45.4% $93.5M+33.4% $70.1M+79.9% $39.0M-1.8% $39.7M
Investing Cash Flow -$17.8M-48.3% -$12.0M+94.5% -$217.1M-1916.6% -$10.8M+23.3% -$14.0M+1.5% -$14.2M+0.2% -$14.3M-27.2% -$11.2M
Financing Cash Flow -$107.6M-49.9% -$71.8M-160.0% $119.6M+362.2% -$45.6M+37.1% -$72.5M-5.9% -$68.5M-77.2% -$38.6M-32.8% -$29.1M
Dividends Paid $20.7M-0.2% $20.8M-0.4% $20.8M+4.1% $20.0M-0.3% $20.1M0.0% $20.1M-0.1% $20.1M+8.7% $18.5M
Share Buybacks $39.9M+3372.8% $1.1M-96.2% $30.5M+66.5% $18.3M+85.0% $9.9M-6.5% $10.6M-3.6% $11.0M+88.3% $5.8M

MNESP Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 46.9%+0.4pp 46.5%-0.1pp 46.6%+0.7pp 45.9%-1.0pp 46.9%-1.0pp 47.9%-0.3pp 48.2%+0.9pp 47.3%
Operating Margin N/A 20.1%+2.0pp 18.1%-0.3pp 18.5% N/A 21.1%-0.5pp 21.6%+2.2pp 19.4%
Net Margin 17.0%+2.2pp 14.9%+1.6pp 13.2%-0.9pp 14.1%-3.5pp 17.6%+2.2pp 15.4%-0.2pp 15.6%+1.6pp 14.1%
Return on Equity 6.4%+1.0pp 5.3%+0.3pp 5.0%0.0pp 5.0%-2.7pp 7.7%+1.6pp 6.1%-0.9pp 7.0%+1.2pp 5.8%
Return on Assets 3.4%+0.7pp 2.7%+0.3pp 2.5%-0.2pp 2.7%-1.3pp 4.0%+1.0pp 3.0%-0.2pp 3.2%+0.5pp 2.7%
Current Ratio 3.01-0.1 3.08-0.0 3.11+0.2 2.94+0.1 2.79+0.1 2.68+0.2 2.45-0.1 2.51
Debt-to-Equity 0.42-0.1 0.48-0.1 0.54+0.1 0.39-0.0 0.42-0.1 0.48-0.1 0.54-0.0 0.57
FCF Margin 20.8%-0.7pp 21.4%+13.5pp 8.0%-4.1pp 12.1%-6.6pp 18.7%+2.5pp 16.2%+7.8pp 8.4%-1.2pp 9.6%

Frequently Asked Questions

Msa Safety I Prf (MNESP) reported $1.9B in total revenue for fiscal year 2025. This represents a 3.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Msa Safety I Prf (MNESP) revenue grew by 3.7% year-over-year, from $1.8B to $1.9B in fiscal year 2025.

Yes, Msa Safety I Prf (MNESP) reported a net income of $278.9M in fiscal year 2025, with a net profit margin of 14.9%.

Msa Safety I Prf (MNESP) reported diluted earnings per share of $7.09 for fiscal year 2025. This represents a -1.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Msa Safety I Prf (MNESP) had EBITDA of $443.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Msa Safety I Prf (MNESP) had $165.1M in cash and equivalents against $572.7M in long-term debt.

Msa Safety I Prf (MNESP) had a gross margin of 46.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Msa Safety I Prf (MNESP) had an operating margin of 19.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Msa Safety I Prf (MNESP) had a net profit margin of 14.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Msa Safety I Prf (MNESP) paid $2.10 per share in dividends during fiscal year 2025.

Msa Safety I Prf (MNESP) has a return on equity of 20.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Msa Safety I Prf (MNESP) generated $295.4M in free cash flow during fiscal year 2025. This represents a 22.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Msa Safety I Prf (MNESP) generated $363.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Msa Safety I Prf (MNESP) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Msa Safety I Prf (MNESP) invested $68.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Msa Safety I Prf (MNESP) invested $65.3M in research and development during fiscal year 2025.

Yes, Msa Safety I Prf (MNESP) spent $90.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Msa Safety I Prf (MNESP) had 39M shares outstanding as of fiscal year 2025.

Msa Safety I Prf (MNESP) had a current ratio of 3.01 as of fiscal year 2025, which is generally considered healthy.

Msa Safety I Prf (MNESP) had a debt-to-equity ratio of 0.42 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Msa Safety I Prf (MNESP) had a return on assets of 10.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Msa Safety I Prf (MNESP) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Msa Safety I Prf (MNESP) has an earnings quality ratio of 1.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Msa Safety I Prf (MNESP) has an interest coverage ratio of 11.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Msa Safety I Prf (MNESP) scores 63 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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