Filing Flows › MSA Safety (MSA) › Q4 2025
MSA Safety (MSA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
MSA Safety (MSA) reported revenue of $511M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and +9% from the quarter before. Operating margin was 22.3%, net earnings $86.9M (17.0% of revenue).
MSA Safety, Q4 2025: revenue $511M (+2% year over year), operating margin 22.3%, net earnings $86.9M, operating cash flow $122M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $511M | +9% | +2% |
| Gross profit | $239M | +10% | +2% |
| Operating profit | $114M | +21% | -3% |
| Net earnings | $86.9M | +25% | -1% |
| Operating cash flow | $122M | +9% | +13% |
| Free cash flow | $106M | +6% | +13% |
What changed
Revenue was $510.9M in Q4 2025, up 2% year over year and up 9% from the previous quarter. Americas was the largest line at 66% of revenue.
Gross margin was 46.9%, down 0.1 points from a year earlier. Operating profit was $113.9M, a 22.3% margin (down 1.3 points year over year). Operating profit fell $3.8M even though revenue rose $11.2M versus a year earlier, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 2%. Net earnings were $86.9M, down 1% year over year. The effective tax rate was 23.2%.
Operating cash flow was $122.4M (up 13% year over year), 141% of net earnings. Non-cash charges added back $18.7M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items added $12.9M. Capital expenditures of $16.3M left free cash flow of $106.0M.
Questions
What was MSA Safety's revenue in the fourth quarter 2025?
MSA Safety (MSA) reported revenue of $511M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and +9% from the quarter before.
Was MSA Safety profitable in the fourth quarter 2025?
Operating profit was $114M (22.3% of revenue) and net earnings $86.9M.
Source: MSA Safety 10-K on SEC EDGAR.