Filing Flows › MSA Safety (MSA) › Q3 2025
MSA Safety (MSA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
MSA Safety (MSA) reported revenue of $468M for the third quarter 2025 (Q3 2025), +8% from a year earlier and -1% from the quarter before. Operating margin was 20.1%, net earnings $69.6M (14.9% of revenue).
MSA Safety, Q3 2025: revenue $468M (+8% year over year), operating margin 20.1%, net earnings $69.6M, operating cash flow $112M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $468M | -1% | +8% |
| Gross profit | $218M | -1% | +5% |
| Operating profit | $94.3M | +10% | +3% |
| Net earnings | $69.6M | +11% | +4% |
| Operating cash flow | $112M | +67% | +33% |
| Free cash flow | $100M | +165% | +43% |
What changed
Revenue was $468.4M in Q3 2025, up 8% year over year and down 1% from the previous quarter. Fire Service was the largest line at 41% of revenue. Fire Service added $28.0M year over year (up 17%), 78% of the total change. Detection declined 1%.
Gross margin was 46.5%, down 1.5 points from a year earlier. Operating profit was $94.3M, a 20.1% margin (down 1.0 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, below the 21% margin then. Operating expenses grew 6% against revenue growth of 8%. Net earnings were $69.6M, up 4% year over year. The effective tax rate was 24.7%.
Operating cash flow was $112.5M (up 33% year over year), 162% of net earnings. Non-cash charges added back $18.6M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $20.9M. Capital expenditures of $12.0M left free cash flow of $100.5M.
Questions
What was MSA Safety's revenue in the third quarter 2025?
MSA Safety (MSA) reported revenue of $468M for the third quarter 2025 (Q3 2025), +8% from a year earlier and -1% from the quarter before.
Was MSA Safety profitable in the third quarter 2025?
Operating profit was $94.3M (20.1% of revenue) and net earnings $69.6M.
Source: MSA Safety 10-Q on SEC EDGAR.