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Enovis vs MSA Safety: ENOV and MSA compared
Enovis is the larger company: $559M of revenue in its latest quarter (Q3 2026) against $536M for MSA Safety (Q3 2026). MSA Safety is growing faster (+14% against +2% a year earlier). MSA Safety is more profitable, with an operating margin of 16.4% against 0.6%.
Where the money goes: ENOV and MSA
Enovis (ENOV) · Q3 2026
Enovis, Q3 2026: revenue $559M (+2% year over year), operating margin 0.6%, net earnings $3.4M, operating cash flow $71.5M. The chart follows the revenue to costs, profit and cash.
MSA Safety (MSA) · Q3 2026
MSA Safety, Q3 2026: revenue $536M (+14% year over year), operating margin 16.4%, net earnings $58.4M, operating cash flow $82.3M. The chart follows the revenue to costs, profit and cash.
| Enovis (ENOV) | MSA Safety (MSA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $559M | $536M |
| Revenue growth, Y/Y | +2% | +14% |
| Gross margin | 60.8% | 45.5% |
| Operating margin | 0.6% | 16.4% |
| Net earnings | $3.4M | $58.4M |
| Net margin | 0.6% | 10.9% |
| Operating cash flow | $71.5M | $82.3M |
| Free cash flow | $35.0M | $68.2M |
| Market value | $1.6B | $6.6B |
| P/E | — | 21.9× |
| Analysts’ mean target | $36.42 | $207.33 |
Where the revenue comes from
Enovis
- Prevention & Recovery: $285M (51%)
- Reconstructive: $273M (49%)
MSA Safety
- Detection: $234M (44%)
- Fire Service: $173M (32%)
- Industrial PPE and Other: $129M (24%)
Questions
Which is bigger, Enovis or MSA Safety?
Enovis is the larger company: $559M of revenue in its latest quarter (Q3 2026) against $536M for MSA Safety (Q3 2026).
Is Enovis or MSA Safety growing faster?
MSA Safety is growing faster (+14% against +2% a year earlier).
Which is more profitable, Enovis or MSA Safety?
MSA Safety is more profitable, with an operating margin of 16.4% against 0.6%.
More: Enovis earnings · how Enovis makes money · MSA Safety earnings · how MSA Safety makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.