AZZ vs MSA Safety
AZZ and MSA Safety are similar in size: $1.65bn and $1.87bn of revenue in their latest fiscal years. AZZ grew faster (4.6% against 3.7%). AZZ kept more of each dollar of sales as profit: a net margin of 19.2% against 14.9%.
| Latest fiscal year | AZZAZZ, 2026 | MSA SafetyMSA, 2025 |
|---|---|---|
| Revenue | $1.65bn | $1.87bn |
| Revenue growth | 4.6% | 3.7% |
| Net income | $317m | $279m |
| Operating margin | 16.0% | — |
| Net margin | 19.2% | 14.9% |
| Return on equity | 26.6% | 22.2% |
| Free cash flow | $445m | $295m |
| Cash | $705,000 | $165m |
| Total debt | $515m | $581m |
| Debt to equity | 38.5% | — |
| Dividend per share | $0.77 | $2.10 |
| Dividend yield | 0.6% | 1.1% |
| Share buybacks | $20.0m | $90.0m |
| Employees | 3,767 | 5,300 |
| Market value | $4.10bn | $7.20bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 56 (Moderate) | 75 (Strong) |
| Insider trades, 12 months | 0 buys, 7 sales | 1 buys, 4 sales |