Filing Flows › MSA Safety (MSA) › Q2 2026 › vs Q1 2026
MSA Safety (MSA) Q2 2026 vs Q1 2026 (quarter over quarter)
MSA Safety's revenue rose $39.7M (+9%) from $464M in Q1 2026 to $503M in Q2 2026. The biggest changes: Detection +$20.5M (+11%); Industrial PPE and Other +$16.5M (+13%); Fire Service +$2.6M (+2%). Gross margin 49.5% against 47.4% (+2.2 pts).
MSA Safety, Q2 2026: revenue $503M (+6% year over year), operating margin 22.2%, net earnings $86.2M, operating cash flow $95.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 49.5% | 47.4% | +2.2 pts |
| Operating margin | 22.2% | 20.1% | +2.2 pts |
| Net margin | 17.1% | 15.4% | +1.8 pts |
| Free cash flow margin | 16.4% | 14.0% | +2.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Detection | $201M | $181M | $20.5M | +11% |
| Fire Service | $162M | $159M | $2.6M | +2% |
| Industrial PPE and Other | $140M | $124M | $16.5M | +13% |
| Revenue | $503M | $464M | $39.7M | +9% |
| Gross profit | $249M | $220M | $29.7M | +14% |
| Cost of revenue | $254M | $244M | $10.0M | +4% |
| Operating profit | $112M | $93.0M | $18.9M | +20% |
| Operating expenses | $137M | $127M | $10.8M | +9% |
| Pre-tax earnings | $111M | $93.0M | $18.4M | +20% |
| Research & development | $19.2M | $16.4M | $2.8M | +17% |
| SG&A | $114M | $108M | $6.4M | +6% |
| Other operating costs | $4.1M | $2.5M | $1.6M | +62% |
| Net earnings | $86.2M | $71.3M | $14.9M | +21% |
| Income tax | $25.2M | $21.7M | $3.5M | +16% |
| Depreciation & amortization | $19.3M | $18.4M | $970K | +5% |
| Share-based compensation | $7.8M | $3.8M | $4.0M | +105% |
| Working capital & other | $17.9M | $17.7M | $203K | +1% |
| Operating cash flow | $95.4M | $75.7M | $19.7M | +26% |
| Free cash flow (OCF − capex) | $82.7M | $65.1M | $17.6M | +27% |
| Capital expenditures | $12.7M | $10.6M | $2.1M | +20% |
Questions
How much did MSA Safety's revenue grow quarter over quarter in Q2 2026?
MSA Safety's revenue rose $39.7M (+9%) from $464M in Q1 2026 to $503M in Q2 2026.
What drove MSA Safety's revenue change in Q2 2026?
Detection +$20.5M (+11%); Industrial PPE and Other +$16.5M (+13%); Fire Service +$2.6M (+2%).