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MSC Industrial Direct (MSM) earnings and revenue breakdown

Latest: Q4 FY26 · 10-K filed Oct 22, 2026 · MSC Industrial Direct (MSM) Q4 FY26 earnings results →

Q4 FY26 Revenue up 10% year over year to $1.1B · 4¢ of every $1 of revenue kept as net profit · operating margin 6.7%

MSC Industrial Direct made $1.1B in Q4 FY26 (+10% Y/Y). Operating margin 6.7%, net earnings $47.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-K filed Oct 22, 2026.

Revenue$1.1B
Year over year+10%
Operating margin6.7%
Net earnings$47.9M
Operating cash flow$81.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.1B in Q4 FY26, up 10% year over year and up 3% from the previous quarter.

Gross margin was 40.6%, up 0.3 points from Q4 FY25. Operating profit was $0.07B, a 6.7% margin (down 1.9 points year over year). Operating profit fell $0.01B even though revenue rose $0.10B versus Q4 FY25, so costs grew faster than sales. Operating expenses grew 18% against revenue growth of 10%. Net earnings were $0.05B, down 15% year over year. The effective tax rate was 25.4%.

Operating cash flow was $0.08B (up 1% year over year), 169% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $4.6M of share-based compensation. Capital expenditures of $0.02B left free cash flow of $0.06B.

Quarterly history

MSC Industrial Direct revenue by quarterMSC Industrial Direct revenue by quarter$892MQ2 FY25$971MQ3 FY25$978MQ4 FY25$966MQ1 FY26$918MQ2 FY26$1.0BQ3 FY26$1.1BQ4 FY26
MSC Industrial Direct net earnings by quarterMSC Industrial Direct net earnings by quarter$39.3MQ2 FY25$56.9MQ3 FY25$56.5MQ4 FY25$51.8MQ1 FY26$42.2MQ2 FY26$80.4MQ3 FY26$47.9MQ4 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q4 FY2610-KOct 22, 2026$1.1B+10%6.7%$47.9M$81.0M
Q3 FY2610-QJul 1, 2026$1.0B+8%10.2%$80.4M$102M
Q2 FY2610-QApr 1, 2026$918M+3%7.1%$42.2M$94.4M
Q1 FY2610-QJan 7, 2026$966M+4%7.9%$51.8M$29.4M
Q4 FY2510-KOct 23, 2025$978M+3%8.6%$56.5M$80.3M
Q3 FY2510-QJul 1, 2025$971M-0.8%8.5%$56.9M$97.1M
Q2 FY2510-QApr 3, 2025$892M-5%7.0%$39.3M$54.5M

Charts

MSC Industrial Direct: revenue growth, year over year and quarter over quarterMSC Industrial Direct: revenue growth, year over year and quarter over quarterY/YQ/Q-5%Q2 FY25-1%+9%Q3 FY25+3%+1%Q4 FY25+4%-1%Q1 FY26+3%-5%Q2 FY26+8%+14%Q3 FY26+10%+3%Q4 FY26
Latest (Q4 FY26): Y/Y +10%, Q/Q +3%.
MSC Industrial Direct: where the cash came from (+) and went (−), FY26MSC Industrial Direct: where the cash came from (+) and went (−), FY26Operating cash flow$306MDividends−$194MCapital spending−$81.3MBuybacks−$14.0MCash drawn (+) / kept (−)−$8.8MPartners−$8.2MAsset & business sales$1.1MOther financing−$583KAcquisitions−$240KExchange rates−$90K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
MSC Industrial Direct: profit against cash, quarter by quarterMSC Industrial Direct: profit against cash, quarter by quarterNet incomeOperating cash flow$45.7M$102MQ1 FY25$39.1M$54.5MQ2 FY25$56.9M$97.1MQ3 FY25$56.1M$80.3MQ4 FY25$51.1M$29.4MQ1 FY26$42.2M$94.4MQ2 FY26$78.7M$102MQ3 FY26$47.9M$81.0MQ4 FY26
Latest (Q4 FY26): Net income $47.9M, Operating cash flow $81.0M.
MSC Industrial Direct: diluted shares by fiscal yearMSC Industrial Direct: diluted shares by fiscal year56MFY2156MFY2256MFY2356MFY2456MFY2556MFY26
-0.2% since FY21: buybacks shrank the count.
MSC Industrial Direct: long-term debt falling due (FY26)MSC Industrial Direct: long-term debt falling due (FY26)$100M2027$50.0M2029$60.0M2030$50.0M2031
Cash $65.0M, short-term investments —, long-term debt — at 2026-08-29.
MSC Industrial Direct in its industry: growth against margin (4 companies, SIC 5084)MSC Industrial Direct in its industry: growth against margin (4 companies, SIC 5084)revenue growth, year over year →↑ operating marginmedian +10%median 8%DXPEALTGGICMSM (+10%, 7%)
Wholesale-Industrial Machinery & Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About MSC Industrial Direct

MSC is a leading North American distributor of a broad range of metalworking, maintenance, repair and operations (“MRO”) and production fastener and hardware products and services. With more than 80 years of experience, we help customers improve productivity, profitability, and operational performance. We serve individual machine shops, Fortune 1000 companies and manufacturers of all sizes. We also maintain a robust public sector customer base including governments and their instrumentalities such as federal agencies, state governments and public sector healthcare providers. We position ourselves as a mission-critical partner to our customers, offering highly technical and high-touch solutions to solve their most complex challenges.

In its own words, from its 10-K, filed Oct 22, 2026.

MSC Industrial Direct against its Wholesale-Industrial Machinery & Equipment peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +10%. Operating margin: 6.7% against the peers' median 8.4%.

CompanyQuarterRevenueY/YOp. margin
MSM MSC Industrial DirectQ4 FY26$1.1B+10%6.7%
DXPE DXP EnterprisesQ3 2026$587M+14%8.9%
ALTG Alta Equipment GroupQ2 2026$476M-1%2.5%
GIC Global IndustrialQ3 2026$390M+10%8.4%

Source: MSC Industrial Direct 10-K on SEC EDGAR · CIK 1003078 · Wholesale-Industrial Machinery & Equipment

Guidance and outlook

MSC Industrial Direct Tax rate: guidance against what was reportedMSC Industrial Direct Tax rate: guidance against what was reportedguided rangereported (above / within / below)FY2624.7%FY27
Met or beat 1 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns MSM and who is buying

Largest holders of MSM (13F)Largest holders of MSM (13F)BlackRock$661MVanguard Group$355MVanguard Portfolio Management LLC$254MVanguard Capital Management LLC$241MFuller & Thaler Asset Management$225MAmerican Century Companies$207MBoston Partners$204MFirst Trust Advisors LP$199MCharles Schwab Investment Managem…$182MState Street$174M
Funds' net buying of MSM by quarter (13F)Funds' net buying of MSM by quarter (13F)$48.9M2024-09−$82.3M2024-12$131M2025-03$89.2M2025-06−$114M2025-09$223M2025-12−$214M2026-03−$97.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on MSM

History

Every quarter: Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results

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中文版：MSC Industrial Direct（MSM）财报

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