Filing Flows › MSA Safety (MSA) › How it makes money
How MSA Safety (MSA) makes money
MSA Safety (MSA) made $536M of revenue in the third quarter 2026 (Q3 2026), +15% from a year earlier. Detection brought in $234M (44%); Fire Service brought in $173M (32%); Industrial PPE and Other brought in $129M (24%). Of every dollar of revenue, 46¢ was left as gross profit, 16¢ was left as operating profit, 11¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Detection | $234M | 43.6% | +16% | +22% |
| Fire Service | $173M | 32.3% | +7% | +9% |
| Industrial PPE and Other | $129M | 24.1% | -8% | +9% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $536M | 100.0% |
| Cost of revenue | $292M | 54.5% |
| Gross profit | $244M | 45.5% |
| Operating expenses | $156M | 29.1% |
| Operating profit | $88.2M | 16.4% |
| Income tax | $23.6M | 4.4% |
| Net earnings | $58.4M | 10.9% |
| Operating cash flow | $82.3M | 15.3% |
| Free cash flow | $68.2M | 12.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $536M | +14% |
| Q2 2026 | $503M | +6% |
| Q1 2026 | $464M | +10% |
| Q4 2025 | $511M | +2% |
| Q3 2025 | $468M | +8% |
| Q2 2025 | $474M | +2% |
| Q1 2025 | $421M | +2% |
From MSA Safety's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does MSA Safety make money?
MSA Safety (MSA) made $536M of revenue in the third quarter 2026 (Q3 2026), +15% from a year earlier. Detection brought in $234M (44%); Fire Service brought in $173M (32%); Industrial PPE and Other brought in $129M (24%). Of every dollar of revenue, 46¢ was left as gross profit, 16¢ was left as operating profit, 11¢ was left as net earnings.
What is MSA Safety's biggest business?
Detection: $234M in the third quarter 2026, 44% of revenue, +22% from a year earlier.
What is MSA Safety's profit margin?
Net earnings were $58.4M, 10.9% of revenue, in the third quarter 2026; the operating margin was 16.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.