MSA Safety logo

MSA Safety(MSA)

upturn advisory logo
ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$182.46
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close

Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for MSA

09/25/2026: MSA (1-star) is currently NOT-A-BUY. Pass it for now.

MSA Safety is a specialized provider of sophisticated protective equipment and gas detection systems, serving critical sectors such as fire service, construction, and oil and gas. The company is well-regarded for its durable, innovative products and has historically strong margins, supported by its status as a Dividend Aristocrat. Its primary growth opportunity lies in transitioning from traditional hardware sales to integrated, data-driven safety solutions. However, investors must monitor execution risks in technology integration and the cyclicality of its industrial end-markets. Overall, MSA Safety serves as a defensive, income-oriented play for investors seeking long-term stability and exposure to the essential safety industry.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company exhibits steady, reliable growth rather than rapid, disruptive expansion.
Momentum investorMixed fitMomentum varies based on industrial cycle trends rather than short-term hype.
Value investorMixed fitValuation is often premium due to the company's defensive and high-quality characteristics.
Dividend investorStrong fitMSA has a strong track record of consistent dividend growth, making it attractive for income-focused portfolios.
Low-risk investorStrong fitThe essential nature of safety equipment provides a defensive business moat suitable for risk-averse investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityLowThe stock is generally less volatile than the broader market due to its defensive industry profile.
Valuation riskMediumThe stock can trade at a premium, which may limit upside for investors focused purely on low multiples.
Competition risk (industrial safety)MediumIntense competition from large players like Honeywell and 3M requires constant innovation to maintain market share.
Business qualityStrongMSA's focus on critical, life-saving infrastructure creates a high barrier to entry and strong brand trust.
Dividend incomeStrongThe long-term commitment to dividend payouts provides stable, predictable income for shareholders.
Execution riskMediumSuccessfully integrating technological updates into legacy hardware is critical to future growth.

Price Behavior

Flat / Range-Bound
PRICE PATH

Flat / Range-Bound

The stock price has been trading within a narrow range with minimal directional movement.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 7.5%
Avg. Invested days 39
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MSA receives a 4-star rating, supported by solid unit economics, solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
MSA has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and strong ownership. In FY2025 versus FY2024, strong cash generation (FCF margin 15.8%) and solid profitability (net margin 14.9%) are partially offset by slightly negative earnings growth (-2.1%), moderate revenue growth (+3.7%).

Financial Health Rating

★★★★★
MSA's financial health is supported by solid cash strength, including free-cash-flow generation (15.8% of revenue). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is MSA's strongest growth driver at +22.0% FY2025 versus FY2024 (solid, 4 stars). By comparison, while earnings growth (-2.1%, slightly negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 95.8% and approximately 93.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 6.06% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 8.43%
Vanguard Portfolio Management, LLC 4.78%
Ruane, Cunniff & Goldfarb L.P. 4.46%
Vanguard Capital Management, LLC 4.42%
State Street Corp 3.99%

Unit Economics (Per $1K Revenue)

★★★★★
MSA generates approximately $465 of gross profit, $214 of operating income, and $158 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 23.87%

Quantitative Style Profile

★★★★★
MSA has a high-quality, liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltSmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 7.04B USD
Price to earnings Ratio 22.78
1Y Target Price 209.14
Price to earnings Ratio 22.78
1Y Target Price 209.14
Volume (30-day avg) 238.3K shares
Beta 0.94
52 Weeks Range 149.32 - 207.14
Updated Date 09/26/2026
52 Weeks Range 149.32 - 207.14
Updated Date 09/26/2026
Dividends yield (FY) 1.17%
Basic EPS (TTM) 8.01

How Company Makes Money

Business areaWhat it includesRetail investor read
Fire ServiceSCBA, helmets, and thermal cameras.This is a reliable, high-trust segment driven by municipal and fire department procurement cycles.
Industrial/Fixed GasGas detection, fall protection, and PPE.This segment is sensitive to industrial spending and global construction activity.
Geography (Global)Operations in Americas, EMEA, and APAC.North America is the primary market, but international expansion provides an important growth tailwind.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Advertisement

Valuation

Trailing PE 22.78
Forward PE 19.61
Enterprise Value 7.50B
Price to Sales(TTM) 3.62
Enterprise Value 7.50B
Price to Sales(TTM) 3.62
Enterprise Value to Revenue 3.85
Enterprise Value to EBITDA 14.49
Shares Outstanding 38.58M
Shares Floating 36.19M
Shares Outstanding 38.58M
Shares Floating 36.19M
Percent Insiders 6.06
Percent Institutions 95.83

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About MSA Safety

Exchange NYSE
Headquarters Cranberry Township, PA, United States
IPO Launch date 1990-03-26
President, CEO & Director Mr. Steven C. Blanco Sr.
Sector Industrials
Industry Security & Protection Services
Full time employees 5300
Full time employees 5300

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.