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Maker of safety equipment — gas detectors, firefighter helmets, fall protection — for industrial and first-responder customers.
Maker of safety equipment — gas detectors, firefighter helmets, fall protection — for industrial and first-responder customers.
Sells through safety distributors and directly to fire departments. Part of sales is equipment bought to comply with rules, and part is replaceables such as sensors, filters and gas cylinders that must be swapped or tested on a schedule, which gives a recurring layer. Its two divisions are fire-service gear, notably the air packs firefighters carry, and gas detection.
Moat: narrow (brand, regulatory licence, installed base). Long-trusted safety brand meeting strict certification standards for life-safety equipment.
Headquarters: Cranberry Township, Pennsylvania, US · Founded: 1914 · Employees: 5,300
Size MSA Safety (MSA) is a United States Industrials company (Electronic Equipment/Instruments) with a market value of $6.55B, the 994th largest of 3,117 United States companies the cockpit tracks. Shares closed at $170.14 on 6 Nov 2026.
Performance Over six months the shares gained 0.1%, against -13.9% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 15 in its peer set.
Growth Revenue grew 8.1% over the last twelve months (peer median +6.6%); the operating margin is 21.9% (peer median 15.0%).
Valuation It trades at 17.5× forward earnings against a peer median of 20.5× (4th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.5 points above its cost of capital (8.8% WACC).
Short interest Short interest is 3.0% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.01B | $1.87B | $1.81B | $1.79B | $1.53B |
| Revenue growth | — | +4% | +1% | +17% | — |
| Gross profit | $968M | $884M | $872M | $861M | $687M |
| EBITDA | $520M | $474M | $469M | $458M | $326M |
| Net income | $303M | $279M | $285M | $58.5M | $180M |
| Free cash flow | $322M | $295M | $242M | $50.1M | $115M |
| Capital expenditure | $53.7M | $68.4M | $54.2M | $42.8M | $42.6M |
| Total debt | $1.18B | $640M | $565M | $656M | $617M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| MSA Safety MSA | $6.55B | 0% | +8% | 22% | 17.5× | 8.3% |
| Honeywell Technologies HON | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% |
| 3M MMM | $95.7B | +30% | +2% | 21% | 19.2× | 11.3% |
| Ralliant RAL | $7.49B | +43% | -4% | 15% | 19.2× | 20.5% |
| Avon Technologies AVON.L | $933M | +45% | +5% | 12% | 22.8× | 16.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MSA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.5% | -9.6% | 4th highest of 15 |
| 6-month return | +0.1% | -13.9% | 4th highest of 15 |
| Distance from 52-week high | -18.6% | -27.9% | 3rd highest of 15 |
| Revenue growth (TTM) | +8.1% | +6.6% | 7th highest of 15 |
| Operating margin | 21.9% | 15.0% | highest of 15 |
| Forward P/E | 17.5× | 20.5× | 4th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 8.3% | 16.2% | 5th least demanding of 13 |
| Growth delivered (Del g) | +6.8% | +7.0% | 7th highest of 13 |
| Hurdle (Req g minus delivered) | +1.5 pp | +6.4 pp | 5th least demanding of 13 |
| ROIC minus cost of capital | +5.5 pp | +1.8 pp | 6th highest of 15 |
| EV / EBITDA | 14.5× | 17.6× | 4th cheapest of 13 |
| Net debt / EBITDA | 1.9× | -0.4× | 4th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MSA Safety MSA | United States | $6.55B | 0% | +8% | 22% | 17.5× | 8.3% | +6.8% |
| APAR Industries APARINDS.NS | India | $6.25B | +10% | +23% | 9% | 34.6× | n/a | n/a |
| Yokogawa Electric 6841.T | Japan | $6.24B | -30% | +7% | 13% | 15.5× | 6.8% | +10.1% |
| ESCO Technologies ESE | United States | $7.14B | -24% | +17% | 16% | 25.8× | 25.5% | +8.4% |
| China Railway Signal & Communication 3969.HK | Hong Kong | $7.40B | -15% | +6% | 12% | 7.4× | -6.9% | -3.6% |
| Ralliant RAL | United States | $7.49B | +43% | -4% | 15% | 19.2× | 20.5% | -0.3% |
| Sensata Technologies ST | United States | $5.72B | -13% | +4% | 16% | 9.9× | 5.2% | +4.1% |
| Azbil 6845.T | Japan | $4.63B | -2% | +1% | 15% | 18.7× | 5.5% | +3.9% |
| Posco Future M 003670.KS | South Korea | $10.6B | -36% | -9% | 2% | 282.1× | n/a | n/a |
| Hitachi Energy India POWERINDIA.NS | India | $13.1B | -20% | +40% | 15% | 79.8× | 50.3% | +19.0% |
| Honeywell Automation India HONAUT.NS | India | $2.81B | -2% | +5% | 13% | 39.5× | 32.9% | +9.2% |
| Standex International SXI | United States | $2.76B | -13% | +8% | 18% | 20.9× | 15.2% | +6.3% |
| NXT NXT | United States | $15.8B | -17% | +14% | 19% | 20.9× | 22.0% | +24.4% |
| Shihlin Electric & Engineering 1503.TW | Taiwan | $2.51B | -20% | +8% | 12% | 18.9× | 11.5% | +7.7% |
| Fortive FTV | United States | $19.5B | +8% | -22% | 20% | 20.0× | 17.2% | -2.1% |