MSA Safety Incorporated (MSA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

MSA Safety Incorporated

NYSE•Industrials•Security & Protection Services

$188.72+0.03(<0.01%)Pre-market

Market Cap

$6.94B

P/E

22.1x

P/S

3.6x

P/B

5.0x

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect workers and facility infrastructures worldwide. The company offers breathing apparatus products, including self-contained breathing apparatus; firefighter helmets and protective apparel; and fixed gas and flame detection systems, such as fixed gas detection monitoring systems, flame detectors and open-path infrared gas detectors, and refrigerant detection and identification solution, as well as hand-held portable gas detection instruments to detect the presence or absence of various gases in the air. It also provides industrial head protection and accessories; fall protection equipment, such as confined space equipment, harnesses, lanyards, and self-retracting lifelines, as well as engineered systems; and air-purifying respirators, eye and face protection products, ballistic helmets, and gas masks. The company serves fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries through distributors and end-users through indirect and direct sales channels. It offers its products under the V-Gard, Cairns, and Gallet brand names. MSA Safety Incorporated was founded in 1914 and is based in Cranberry Township, Pennsylvania.

How this company scores

ExcellentMetricSide Score: 87/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability25/25

Growth19/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowStrong marginsHigh ROELow leverage

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22.1x5y range 20.1x – 510.4x

Currently near its 19-quarter median.

P/S · 3.6x5y range 2.9x – 4.2x

Currently near its 20-quarter median.

P/B · 5.0x5y range 4.6x – 8.2x

Price & Volume

Market Cap $6.94B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.95B
Q. Revenue: $503.33M
TTM EBITDA: $488.08M
TTM Op. Income: $413.17M
Q. Op. Income: $111.96M
TTM Net Income: $314.01M
Q. Net Income: $86.19M
EPS: $2.23
Shares Out.: $38.62M

$1.95B in TTM revenue grew 6.5% YoY, reaching $503.33M last quarter. TTM EBITDA of $488.08M and TTM operating income of $413.17M show growth is flowing through to the bottom line. TTM net income of $314.01M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 49.5%
EBITDA Margin: 26.1%
Op. Margin: 22.2%
Net Margin: 17.1%

Op. margin of 22.2% is up 4.1% YoY — cost efficiency is improving. Net margin at 17.1% and gross margin of 49.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 23% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 22.1x
P/S Ratio: 3.6x
P/B Ratio: 5.0x

At 22.1x P/E, the stock trades within typical market levels. P/S of 3.6x and P/B of 5.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 7% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.60B
Cash: $200.06M
Long-Term Debt: $591.65M
Book Value: $1.40B
D/E Ratio: 0.4
Debt/EBITDA: 4.5

With $2.60B in assets and $591.65M in long-term debt, D/E is 0.4and book value is $1.40B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 21% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $95.38M
TTM Free Cash Flow: $354.30M
FCF Margin: 18.2%
FCF / Net Income: 1.1

TTM FCF of $354.30M on $95.38M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.