Filing Flows › Health Care › MSA Safety (MSA)
MSA Safety (MSA) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · MSA Safety (MSA) Q3 2026 earnings results →
Q3 2026 Revenue up 14% year over year to $536M · 11¢ of every $1 of revenue kept as net profit · operating margin 16.4%
MSA Safety made $536M in Q3 2026 (+14% Y/Y): Detection $234M, Fire Service $173M, Industrial PPE and Other $129M. Operating margin 16.4%, net earnings $58.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $536.4M in Q3 2026, up 15% year over year and up 7% from the previous quarter. Detection was the largest line at 44% of revenue. Detection added $42.7M year over year (up 22%), 63% of the total change.
Gross margin was 45.5%, down 0.9 points from Q3 2025. Operating profit was $88.2M, a 16.4% margin (down 3.7 points year over year). Operating profit fell $6.1M even though revenue rose $68.0M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 27% against revenue growth of 15%. The fastest-growing cost line was SG&A (+29%). Net earnings were $58.4M, down 16% year over year. The effective tax rate was 28.7%.
Operating cash flow was $82.3M (down 27% year over year), 141% of net earnings. Non-cash charges added back $23.0M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items used $6.7M. After capital expenditures ($14.1M), free cash flow as the company reports it was $68.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $536M | +14% | 16.4% | $58.4M | $82.3M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $503M | +6% | 22.2% | $86.2M | $95.4M |
| Q1 2026 | 10-Q | May 5, 2026 | $464M | +10% | 20.1% | $71.3M | $75.7M |
| Q4 2025 | 10-K | Feb 12, 2026 | $511M | +2% | 22.3% | $86.9M | $122M |
| Q3 2025 | 10-Q | Oct 29, 2025 | $468M | +8% | 20.1% | $69.6M | $112M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $474M | +2% | 18.1% | $62.8M | $67.2M |
| Q1 2025 | 10-Q | May 1, 2025 | $421M | +2% | 18.5% | $59.6M | $61.8M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About MSA Safety
Overview — MSA Safety Incorporated (the "Company" or "MSA") is the global leader in advanced safety products, technology and solutions. Driven by its singular mission of safety, the Company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. The Company's comprehensive product line, which is governed by rigorous safety standards across highly regulated industries, is used to protect workers and facility infrastructures around the world in a broad range of markets, including fire service, energy, utility, construction, and industrial manufacturing applications as well as heating, ventilation, air conditioning and refrigeration ("HVAC-R").
In its own words, from its 10-K, filed Feb 12, 2026.
MSA Safety against its Orthopedic, Prosthetic & Surgical Appliances & Supplies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +14% against the peers' median +9%. Operating margin: 16.4% against the peers' median 16.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MSA MSA Safety | Q3 2026 | $536M | +14% | 16.4% |
| ISRG Intuitive Surgical | Q3 2026 | $3.0B | +22% | 19.4% |
| ZBH Zimmer Biomet Holdings | Q3 2026 | $2.1B | +3% | 14.9% |
| EW Edwards Lifesciences | Q3 2026 | $1.7B | +10% | 17.4% |
| STE Steris | Q2 FY27 | $1.6B | +9% | 18.5% |
| ALGN Align Technology | Q3 2026 | $1.0B | +2% | 16.7% |
| ENOV Enovis | Q3 2026 | $559M | +2% | 0.6% |
| CDRE Cadre Holdings | Q3 2026 | $203M | +30% | 14.0% |
| INGN Inogen | Q2 2026 | $95.1M | +3% | -5.4% |
Source: MSA Safety 10-Q on SEC EDGAR · CIK 66570 · Orthopedic, Prosthetic & Surgical Appliances & Supplies
Guidance and outlook
13F: who owns MSA and who is buying
More on MSA
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- MSA Safety gross margin by quarter
- MSA Safety operating margin by quarter
- MSA Safety net income by quarter
- MSA Safety free cash flow by quarter
- MSA Safety R&D spending by quarter
- MSA Safety capital expenditures by quarter
- MSA Safety Detection revenue by quarter
- MSA Safety Fire Service revenue by quarter
- MSA Safety Industrial PPE and Other revenue by quarter