MSA Safety Inc income statement

In fiscal 2025, MSA Safety Inc reported revenue of $1.87bn, up 3.7% on the year before, operating income of $372m (a 19.8% margin) and net income of $279m, or $7.09 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

MSA Safety Inc: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	916	983	1,118	1,121	1,112	1,137	1,130	1,150	1,197	1,358	1,402	1,348	1,400	1,528	1,788	1,808	1,875	1,946
Cost of revenue	573	607	—	—	—	—	—	627	658	746	763	753	785	854	936	948	1,004	1,020
Gross profit	343	370	470	490	497	515	501	522	539	612	639	595	615	674	852	860	871	926
Research and development	29	33	39	41	46	48	49	47	50	53	58	58	58	57	68	67	65	68
Selling, general and administrative	231	263	298	313	309	323	315	308	300	325	331	290	333	339	397	395	414	430
Operating income	—	—	—	—	—	134	123	161	40	173	188	172	23	239	231	389	372	413
Interest expense	7	9	14	11	11	10	11	16	15	19	14	9	11	22	47	37	32	33
Net interest income	1	2	2	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Income before tax	65	57	101	129	120	127	111	152	30	162	186	168	24	239	207	375	366	410
Income tax	22	18	34	41	35	41	44	58	3	37	47	43	2	59	148	90	87	96
Net income	43	38	70	91	88	89	71	92	26	124	138	124	21	180	59	285	279	314
Diluted EPS	$1.21	$1.05	$1.87	$2.42	$2.34	$2.33	$1.87	$2.42	$0.67	$3.18	$3.52	$3.15	$0.54	$4.56	$1.48	$7.21	$7.09	$8.04
Diluted shares (average)	36m	36m	37m	37m	37m	38m	38m	38m	39m	39m	39m	39m	39m	39m	39m	40m	39m	39m
EBITDA	—	—	—	—	—	164	155	196	77	211	226	212	68	286	292	454	443	488

US$ millions unless shown otherwise. Fiscal quarters.

MSA Safety Inc: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	433	500	421	474	468	511	464	503
Cost of revenue	225	265	228	253	251	272	244	254
Gross profit	207	234	193	221	218	239	220	249
Research and development	17	17	16	17	17	16	16	19
Selling, general and administrative	95	100	94	112	103	105	108	114
Operating income	91	118	78	86	94	114	93	112
Interest expense	9	7	7	8	8	8	8	8
Income before tax	88	117	78	83	92	113	93	111
Income tax	22	29	18	20	23	26	22	25
Net income	67	88	60	63	70	87	71	86
Diluted EPS	$1.69	$2.22	$1.51	$1.59	$1.77	$2.21	$1.83	$2.23
EBITDA	107	134	94	104	113	133	111	131

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from MSA Safety Inc's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to MSA Safety Inc.