Filing Flows › MSA Safety (MSA) › Q2 2026 › vs Q2 2025
MSA Safety (MSA) Q2 2026 vs Q2 2025 (year over year)
MSA Safety's revenue rose $29.2M (+6%) from $474M in Q2 2025 to $503M in Q2 2026. The biggest changes: Industrial PPE and Other +$23.1M (+20%); Detection +$7.5M (+4%); Fire Service −$1.4M (-0.9%). Gross margin 49.5% against 46.6% (+3.0 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 49.5% | 46.6% | +3.0 pts |
| Operating margin | 22.2% | 18.1% | +4.1 pts |
| Net margin | 17.1% | 13.2% | +3.9 pts |
| Free cash flow margin | 16.4% | 8.0% | +8.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Detection | $201M | $194M | $7.5M | +4% |
| Fire Service | $162M | $163M | −$1.4M | -0.9% |
| Industrial PPE and Other | $140M | $117M | $23.1M | +20% |
| Revenue | $503M | $474M | $29.2M | +6% |
| Gross profit | $249M | $221M | $28.6M | +13% |
| Cost of revenue | $254M | $253M | $630K | +0.2% |
| Operating profit | $112M | $85.9M | $26.1M | +30% |
| Operating expenses | $137M | $135M | $2.5M | +2% |
| Pre-tax earnings | $111M | $82.7M | $28.6M | +35% |
| Research & development | $19.2M | $17.0M | $2.2M | +13% |
| SG&A | $114M | $112M | $2.0M | +2% |
| Other operating costs | $4.1M | $5.8M | −$1.7M | -29% |
| Net earnings | $86.2M | $62.8M | $23.4M | +37% |
| Income tax | $25.2M | $20.0M | $5.2M | +26% |
| Depreciation & amortization | $19.3M | $18.1M | $1.2M | +7% |
| Share-based compensation | $7.8M | $5.4M | $2.4M | +45% |
| Working capital & other | $17.9M | $19.0M | −$1.1M | -6% |
| Operating cash flow | $95.4M | $67.2M | $28.2M | +42% |
| Free cash flow (OCF − capex) | $82.7M | $37.9M | $44.8M | +118% |
| Capital expenditures | $12.7M | $29.3M | −$16.7M | -57% |
Questions
How much did MSA Safety's revenue grow year over year in Q2 2026?
MSA Safety's revenue rose $29.2M (+6%) from $474M in Q2 2025 to $503M in Q2 2026.
What drove MSA Safety's revenue change in Q2 2026?
Industrial PPE and Other +$23.1M (+20%); Detection +$7.5M (+4%); Fire Service −$1.4M (-0.9%).