MSA Safety (MSA) AI Stock Analysis

• Market Cap: $6.12B
• Dividend Yield: 1.36%
• Average Volume (3M): 236.23K
• Price to Earnings (P/E): 22.0
• Beta (1Y): 0.98
• Revenue Growth: 3.31%
• EPS Growth: 2.58%
• Country: US
• Employees: 5,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Security & Protection Services
• EPS (TTM): 1.94
• Shares Outstanding: 39,152,060
• 10 Day Avg. Volume: 211,335
• 30 Day Avg. Volume: 236,234
• PEG Ratio: 0.06
• Price to Book (P/B): 5.71
• Price to Sales (P/S): 3.61
• P/FCF Ratio: 26.94
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 3.90
• Enterprise Value/Gross Profit: 8.39
• Enterprise Value/Ebitda: 15.45
• 1Y Price Target: $189.33
• Price Target Upside: 21.14% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 7.8
• Revenue Forecast (FY): $1.87B

• Rating: 70 Outperform
• Price Target: $173.00 ▲(10.69% Upside)

MSA Safety's overall stock score is driven by its strong financial performance and positive earnings call, which highlight robust sales growth and strategic acquisitions. However, technical indicators suggest a bearish trend, and valuation metrics indicate potential overvaluation, which temper the overall score.

Positive Factors

Strong Financial Health

MSA's robust balance sheet with low leverage and high return on equity indicates strong financial management, supporting long-term stability.

Successful Acquisition Integration

Successful integration of acquisitions like M&C TechGroup enhances MSA's market position and growth potential, contributing to revenue expansion.

Product Innovation

Ongoing product innovation, such as new safety devices, strengthens MSA's competitive edge and supports long-term revenue growth.

Negative Factors

Decline in Free Cash Flow

A sharp drop in free cash flow growth may limit MSA's ability to invest in new projects and innovations, potentially hindering future growth.

Fire Service Sales Decline

Declining sales in the fire service segment could signal challenges in maintaining market share and revenue in this key area.

Gross Margin Pressure

Margin pressures from inflation, tariffs, and FX could impact profitability, requiring strategic adjustments to maintain financial health.

MSA Safety Business Overview & Revenue Model

Company Description

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, utilities, military, and mining industries in North America, Latin America, and internationally. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air. Its core product offerings also comprise breathing apparatus products, such as self-contained breathing apparatus; hand-held portable gas detection instruments; industrial head protection products; firefighter helmets and protective apparel; and fall protection equipment, including confined space equipment, harnesses, lanyards, and self-retracting lifelines, as well as engineered systems. In addition, the company offers air-purifying respirators, eye and face protection products, ballistic helmets, and gas masks. It serves distributors and end-users through indirect and direct sales channels. The company offers its product under the V-Gard, Cairns, and Gallet brand names. MSA Safety Incorporated was founded in 1914 and is based in Cranberry Township, Pennsylvania.

How the Company Makes Money

MSA generates revenue through the sale of its safety products and services, which include equipment rentals and maintenance. The primary revenue streams consist of direct sales to customers, contracts with government agencies, and partnerships with distributors worldwide. MSA's focus on innovation leads to the development of advanced technologies, such as smart helmets and wireless gas detectors, which command higher price points. Additionally, the company benefits from long-term relationships with key clients in various industries, ensuring steady demand for its safety solutions and contributing to recurring revenue through service contracts and product upgrades.

MSA Safety Financial Statement Overview

Summary

MSA Safety shows strong financial health with consistent revenue growth and profitability. The balance sheet is robust, with low leverage and high return on equity. However, the significant drop in free cash flow growth is a concern that needs addressing to ensure sustained financial flexibility.

Income Statement

MSA Safety has demonstrated strong revenue growth with a 1.96% increase in the TTM period, supported by healthy gross and net profit margins of 46.48% and 15.02%, respectively. The EBIT margin is robust at 21.50%, indicating efficient operational management. However, there is a slight decline in EBITDA margin compared to the previous year, suggesting potential cost pressures.

Balance Sheet

The company maintains a solid balance sheet with a low debt-to-equity ratio of 0.041, reflecting prudent financial management. Return on equity is strong at 22.91%, indicating effective use of shareholder funds. The equity ratio stands at 51.00%, showcasing a stable capital structure. However, the decrease in total debt suggests a strategic deleveraging approach.

Cash Flow

MSA Safety's cash flow performance shows a significant decline in free cash flow growth by 83.61%, which could impact future investments. The operating cash flow to net income ratio is moderate at 0.37, indicating adequate cash generation relative to net income. The free cash flow to net income ratio is 0.38, suggesting room for improvement in cash flow efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.86B	1.81B	1.79B	1.53B	1.40B	1.35B
Gross Profit	866.15M	860.45M	852.14M	673.83M	615.35M	595.49M
EBITDA	470.37M	476.23M	314.19M	316.51M	84.68M	217.25M
Net Income	279.94M	284.97M	58.58M	179.63M	21.34M	124.08M
Balance Sheet
Total Assets	2.55B	2.21B	2.17B	2.38B	2.40B	1.87B
Cash, Cash Equivalents and Short-Term Investments	170.00M	164.56M	146.44M	162.90M	140.90M	160.67M
Total Debt	54.02M	565.40M	646.19M	572.83M	597.65M	351.80M
Total Liabilities	1.25B	1.06B	1.20B	1.45B	1.56B	1.06B
Stockholders Equity	1.30B	1.14B	966.80M	923.74M	834.39M	809.89M
Cash Flow
Free Cash Flow	282.91M	242.21M	50.09M	113.51M	150.02M	157.65M
Operating Cash Flow	349.42M	296.43M	92.86M	157.46M	199.15M	206.56M
Investing Cash Flow	-253.89M	-53.76M	-39.95M	-4.48M	-415.47M	-72.77M
Financing Cash Flow	-70.34M	-208.69M	-52.25M	-113.35M	203.93M	-126.53M

MSA Safety Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 156.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MSA, the sentiment is Negative. The current price of 156.29 is below the 20-day moving average (MA) of 161.25, below the 50-day MA of 166.38, and below the 200-day MA of 162.31, indicating a bearish trend. The MACD of -2.62 indicates Negative momentum. The RSI at 39.36 is Neutral, neither overbought nor oversold. The STOCH value of 60.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MSA.

MSA Safety Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NSSC	77 Outperform	$1.44B	32.85	25.03%	1.30%	-2.28%	-9.94%
MSA	70 Outperform	$6.12B	22.02	23.35%	1.36%	3.31%	2.58%
ADT	70 Outperform	$6.77B	11.79	17.24%	2.71%	4.77%	-22.78%
BRC	68 Neutral	$3.53B	19.03	16.76%	1.29%	12.84%	-3.06%
BCO	68 Neutral	$4.63B	28.18	61.95%	0.91%	3.07%	48.57%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
REZI	49 Neutral	$4.94B	―	-20.90%	―	15.45%	-488.24%

MSA Safety Corporate Events

MSA Safety Reports Strong Q3 2025 Performance

MSA Safety Incorporated is a global leader in advanced safety products and solutions, primarily serving the safety equipment industry with a focus on protecting workers and infrastructure worldwide.

MSA Safety’s Earnings Call: Growth Amid Challenges

MSA Safety Incorporated’s recent earnings call painted a picture of robust growth tempered by significant challenges. The company reported strong sales growth and successful integration of its recent acquisition, alongside impressive free cash flow. However, concerns were raised regarding the fire service sector, the impact of tariffs, and the U.S. government shutdown, all contributing to margin pressures.

MSA Safety Appoints Julie Beck as New CFO

On August 13, 2025, MSA Safety announced the appointment of Julie A. Beck as Senior Vice President, Chief Financial Officer, and Treasurer, effective August 18, 2025. Ms. Beck, who previously held the CFO position at Terex Corporation, brings extensive global financial experience and expertise in mergers and acquisitions, inflation management, and business transformation. Her leadership is expected to enhance MSA Safety’s financial strategies and operational growth, succeeding interim CFO Elyse Brody, who will continue as Executive Director of Financial Planning and Analysis and Strategy.

The most recent analyst rating on (MSA) stock is a Hold with a $200.00 price target. To see the full list of analyst forecasts on MSA Safety stock, see the MSA Stock Forecast page.

MSA Safety Reports Steady Q2 2025 Performance

MSA Safety Incorporated is a global leader in advanced safety products and solutions, serving diverse markets with a focus on worker and facility protection. The company recently reported its second quarter 2025 financial results, highlighting steady net sales and strategic acquisitions.

MSA Safety’s Earnings Call: Mixed Sentiment with Strategic Growth

MSA Safety Incorporated’s recent earnings call presented a mixed sentiment, highlighting both areas of growth and challenges. The company showcased strong performance in its Detection and Industrial PPE segments, fueled by strategic acquisitions and effective capital deployment. However, concerns were raised due to challenges in the Fire Service segment, pressures on gross margins, and a lower book-to-bill ratio. Despite these hurdles, MSA Safety’s resilience and operational strength, driven by strategic actions and innovation, offer a balanced perspective.