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MSA Safety MSA

MSA Safety scores good on business quality (6.4 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$180.71Oct 9, 2026
Business qualityGood
Next earningsOct 28, 2026
Insiders, 90 daysSelling

Why it matters

  1. What MSA Safety does

    MSA Safety makes advanced protective equipment and gas detection systems, selling safety gear primarily to industrial, fire service, and military workers who rely on certified protection. The company is leaning into new product releases like its latest SCBA launch to drive adoption across core safety markets.

  2. What it does best

    MSA dominates the advanced protective equipment market with an operating margin of 22.3%, landing it in the top decile of its sector. This edge relies on strict safety certifications and deep brand trust that industrial buyers rarely risk swapping out for unproven alternatives.

  3. The main risk

    Valuation stands out as a major hurdle, with shares trading at $181.23 against an intrinsic value of $137.45. If the recent SCBA product cycle fails to accelerate top-line growth from its current 3.7% pace, the steep multiple leaves zero margin for error.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margin stands at 22.3% and free cash flow margin reaches 84th percentile sector rank. Margins are strong and stable, proving the business scales efficiently as volume increases.

MoatFair

Regulatory certifications and high switching costs lock in industrial and fire service customers. Gross margin hits 47.6%, putting MSA in the top quartile of its sector for pricing power.

GrowthSlow

Revenue growth is crawling at 3.7%, trailing past highs as expansion cools. The pace shows a slowing engine relative to its historical trajectory.

Financial healthStrong

Debt-to-equity sits at 0.4 with interest coverage at 13.4x, meaning debt servicing is manageable. Free cash flow climbed to $354.0M, showing a steadily strengthening financial base.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

2 sold $4.0M outside pre-planned sales.

Our sealed record on MSA

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is MSA a good business?

MSA Safety scores good on the Cluenex quality check (6.4 of 10), measured against its own industry. Profitability is strong, moat fair, growth slow and financial health strong.

Are insiders buying MSA?

In the last 90 days of SEC Form 4 filings: 2 sold $4.0M outside pre-planned sales.

When does MSA report earnings?

Oct 28, 2026.

For members

See MSA today

  • Today's verdict on MSA, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “MSA Safety (MSA)”, https://cluenex.com/stocks/msa/, data as of Oct 10, 2026.