MSA Safety (MSA) Ratios
MSA Safety Ratios
MX:MSA's free cash flow for Q2 2026 was $82.70M. For the 2026 fiscal year, MX:MSA's free cash flow was decreased by $-12.67M and operating cash flow was $95.38M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 3.01 | 2.79 | 2.36 | 2.54 | 2.40 |
| Quick Ratio | 1.82 | 1.76 | 1.48 | 1.57 | 1.55 |
| Cash Ratio | 0.57 | 0.57 | 0.44 | 0.47 | 0.43 |
| Solvency Ratio | 0.30 | 0.33 | 0.10 | 0.16 | 0.05 |
| Operating Cash Flow Ratio | 1.26 | 1.03 | 0.28 | 0.46 | 0.60 |
| Short-Term Operating Cash Flow Coverage | 44.24 | 11.23 | 3.50 | 21.32 | 20.87 |
| Net Current Asset Value | $ -318.07M | $ -259.44M | $ -417.08M | $ -573.11M | $ -769.20M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.25 | 0.25 | 0.30 | 0.26 | 0.27 |
| Debt-to-Equity Ratio | 0.46 | 0.48 | 0.67 | 0.66 | 0.78 |
| Debt-to-Capital Ratio | 0.31 | 0.33 | 0.40 | 0.40 | 0.44 |
| Long-Term Debt-to-Capital Ratio | 0.30 | 0.30 | 0.37 | 0.38 | 0.42 |
| Financial Leverage Ratio | 1.87 | 1.93 | 2.24 | 2.57 | 2.87 |
| Debt Service Coverage Ratio | 9.55 | 6.10 | 2.27 | 8.87 | 4.08 |
| Interest Coverage Ratio | 12.64 | 10.55 | 4.95 | 11.04 | 2.12 |
| Debt to Market Cap | 0.09 | 0.08 | 0.09 | 0.10 | 0.10 |
| Interest Debt Per Share | 16.80 | 15.01 | 17.63 | 16.05 | 16.81 |
| Net Debt to EBITDA | 0.98 | 0.82 | 1.59 | 1.41 | 5.98 |
| Profitability Margins | |||||
| Gross Profit Margin | 46.46% | 47.59% | 47.67% | 44.10% | 43.95% |
| EBIT Margin | 21.24% | 22.78% | 14.18% | 17.03% | 2.45% |
| EBITDA Margin | 25.06% | 26.34% | 17.58% | 20.71% | 6.05% |
| Operating Profit Margin | 21.44% | 21.52% | 12.94% | 15.65% | 1.63% |
| Pretax Profit Margin | 19.54% | 20.74% | 11.56% | 15.61% | 1.69% |
| Net Profit Margin | 14.88% | 15.76% | 3.28% | 11.76% | 1.52% |
| Continuous Operations Profit Margin | 14.88% | 15.76% | 3.28% | 11.76% | 1.56% |
| Net Income Per EBT | 76.13% | 75.99% | 28.34% | 75.31% | 90.41% |
| EBT Per EBIT | 91.15% | 96.36% | 89.35% | 99.75% | 103.62% |
| Return on Assets (ROA) | 10.92% | 12.92% | 2.70% | 7.56% | 0.89% |
| Return on Equity (ROE) | 20.40% | 24.92% | 6.06% | 19.45% | 2.56% |
| Return on Capital Employed (ROCE) | 17.75% | 20.29% | 12.59% | 11.77% | 1.10% |
| Return on Invested Capital (ROIC) | 13.46% | 15.21% | 3.52% | 8.83% | 1.01% |
| Return on Tangible Assets | 18.31% | 21.29% | 4.59% | 12.18% | 1.47% |
| Earnings Yield | 4.44% | 4.37% | 0.88% | 3.18% | 0.36% |
| Efficiency Ratios | |||||
| Receivables Turnover | 6.12 | 6.48 | 6.07 | 5.04 | 5.25 |
| Payables Turnover | 9.06 | 8.76 | 8.36 | 7.59 | 7.35 |
| Inventory Turnover | 2.93 | 3.19 | 3.20 | 2.52 | 2.80 |
| Fixed Asset Turnover | 5.51 | 6.75 | 6.74 | 6.07 | 5.43 |
| Asset Turnover | 0.73 | 0.82 | 0.82 | 0.64 | 0.58 |
| Working Capital Turnover Ratio | 3.42 | 3.73 | 3.62 | 3.07 | 2.94 |
| Cash Conversion Cycle | 144.12 | 129.01 | 130.68 | 168.86 | 150.37 |
| Days of Sales Outstanding | 59.66 | 56.36 | 60.17 | 72.37 | 69.52 |
| Days of Inventory Outstanding | 124.75 | 114.31 | 114.16 | 144.58 | 130.51 |
| Days of Payables Outstanding | 40.28 | 41.66 | 43.65 | 48.09 | 49.66 |
| Operating Cycle | 184.41 | 170.67 | 174.33 | 216.95 | 200.03 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 9.28 | 7.53 | 2.36 | 4.01 | 5.08 |
| Free Cash Flow Per Share | 7.53 | 6.15 | 1.27 | 2.89 | 3.83 |
| Dividend Paid and CapEx Coverage Ratio | 2.41 | 2.23 | 0.80 | 1.36 | 1.69 |
| Capital Expenditure Coverage Ratio | 5.32 | 5.47 | 2.17 | 3.58 | 4.05 |
| Operating Cash Flow Coverage Ratio | 0.58 | 0.54 | 0.14 | 0.26 | 0.31 |
| Operating Cash Flow to Sales Ratio | 0.19 | 0.16 | 0.05 | 0.10 | 0.14 |
| Free Cash Flow Yield | 4.70% | 3.71% | 0.75% | 2.01% | 2.54% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 22.52 | 22.90 | 113.28 | 31.49 | 277.11 |
| Price-to-Sales (P/S) Ratio | 3.35 | 3.61 | 3.71 | 3.70 | 4.22 |
| Price-to-Book (P/B) Ratio | 4.59 | 5.71 | 6.86 | 6.12 | 7.09 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 21.26 | 26.94 | 132.48 | 49.83 | 39.42 |
| Price-to-Operating Cash Flow Ratio | 17.26 | 22.01 | 71.47 | 35.93 | 29.69 |
| Price-to-Earnings Growth (PEG) Ratio | -12.54 | 0.06 | -1.68 | 0.04 | -3.34 |
| Enterprise Value Multiple | 14.35 | 14.52 | 22.71 | 19.28 | 75.82 |
| Enterprise Value | 6.74B | 6.91B | 7.14B | 6.10B | 6.42B |
| EV to EBITDA | 14.35 | 14.52 | 22.71 | 19.28 | 75.82 |
| EV to Sales | 3.60 | 3.82 | 3.99 | 3.99 | 4.59 |
| EV to Free Cash Flow | 22.82 | 28.55 | 142.45 | 53.76 | 42.79 |
| EV to Operating Cash Flow | 18.53 | 23.33 | 76.85 | 38.75 | 32.24 |
| Tangible Book Value Per Share | 8.58 | 7.01 | 1.86 | 0.54 | -2.79 |
| Shareholders’ Equity Per Share | 34.86 | 29.05 | 24.60 | 23.55 | 21.30 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.24 | 0.24 | 0.72 | 0.25 | 0.08 |
| Revenue Per Share | 47.81 | 45.94 | 45.48 | 38.95 | 35.74 |
| Net Income Per Share | 7.11 | 7.24 | 1.49 | 4.58 | 0.54 |
| Tax Burden | 0.76 | 0.76 | 0.28 | 0.75 | 0.90 |
| Interest Burden | 0.92 | 0.91 | 0.82 | 0.92 | 0.69 |
| Research & Development to Revenue | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 |
| SG&A to Revenue | 0.22 | 0.22 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 |
| Income Quality | 1.30 | 1.04 | 1.59 | 0.88 | 9.14 |
Currency in USD
