Reading the tape
NYSE: MSA
MSA Safety Incorporated
Industrials · Security & Protection Services
Market Cap
$6.55B
52w High
$208.92
52w Low
$151.11
P/E
22.58
Volume
419.55K
Outstanding Shares
38.77M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 9.67%Revenue (TTM): 5.56%FCF (TTM): -7.81%P/FCF: 53rd pct
What changed
The stock rose 9.67% over the last year. Revenue grew 5.56% over the trailing twelve months. Operating margin moved from 21.3% to 21.76%. Free cash flow declined 7.81% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 21.76%. A decisive move in revenue — currently up 5.56% — would be the clearest signal to resolve the ambiguity.
Company profile
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.
CEOSteven C. Blanco
SectorIndustrials
IndustrySecurity & Protection Services
Employees5,000
IPO dateFeb 22, 1973
Valuation
Forward P/E—
EV/EBITDA14.24
Enterprise value$6.74B
Stock splits
Jan 29, 2004↑ Forward
Every 1 shares became 3
May 25, 2000↑ Forward
Every 1 shares became 3
Sep 11, 1985↑ Forward
Every 1 shares became 2
May 16, 1980↑ Forward
Every 1 shares became 2
Apr 26, 1977↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth10.04%
Gross margin46.8%▼2.36%vs FY2024
Operating margin21.76%▼0.38%vs FY2024
ROE20.4%▼18.14%vs FY2024
Analyst consensus
RatingBuy
Target price$235.00▲39.16%
7
Buy
4
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 3, 2026
Q3 FY26 · EPS est $2.13 · Revenue est $500.76M
View
Dividends
$2.13/shareQuarterlyDividend Aristocrat · 26yrEx-div May 15, 2026 · in 10dSafeMSA pays a dividend with a 1.26% declared yield, 26 consecutive years of growth, growing at 4.25% annually, covered 3.6× by free cash flow.
Declared Yield
1.26%
Annual Div / Share
$2.13
5yr CAGR
+4.25%
Doubles every ~16.7yr
Payout Ratio
28.52%
Safe
Dividend Growth Rate
3yr CAGR
+4.81%
5yr CAGR
+4.25%
10yr CAGR
+5.14%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$2.13+3.4%
2025$2.06+7.3%
2024$1.92+3.8%
2023$1.85+3.9%
2022$1.78+2.9%
2021$1.73+2.4%
2020$1.69+8.3%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$13/yr
$1/mo
In 5 yrs
$16/yr+23%
$1/mo
In 10 yrs
$19/yr+52%
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$13/yr $1/mo | $16/yr+23% $1/mo | $19/yr+52% $2/mo |
Yield-on-cost grows from 1.26% → 1.91% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
MSA has raised its dividend for 26 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 3.6× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.