MSA Safety (MSA)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $6.9B, MSA Safety's free cash flow of $295M (fiscal 2025) would need to grow about 7% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from MSA Safety's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from MSA's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from MSA Safety's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.8B | $1.8B | $1.9B |
| Net income | $21M | $180M | $59M | $285M | $279M |
| Free cash flow | $155M | $115M | $50M | $242M | $295M |
| EPS (diluted) | $0.54 | $4.56 | $1.48 | $7.21 | $7.09 |
| Operating margin | 1.6% | 15.7% | 12.9% | 21.5% | 19.8% |
Where the revenue comes from
Revenue by products, fiscal 2022.
Superinvestors who own MSA
From each investor's latest 13F filing (what a 13F shows). 5 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Ruane, Cunniff & Goldfarb Ruane, Cunniff & Goldfarb |
Trimmed | $301M | 4.7% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $31M | 0.07% | Q2 2026 |
| Francois Rochon Giverny Capital Inc. |
New position | $29M | 0.98% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $27M | 0.01% | Q2 2026 |
| Will Nasgovitz Heartland Advisors |
Added | $9M | 0.40% | Q2 2026 |
Insider buying
Open-market purchases by MSA Safety's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Nov 20, 2025 | Michael T. Mccaul |
0 | $153.01 | — |
| Nov 20, 2025 | Michael T. Mccaul |
0 | $153.01 | — |
| Nov 20, 2025 | Michael T. Mccaul |
0 | $153.01 | — |
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In the full deep dive
Questions
What growth does MSA Safety's stock price imply?
At a market value of $6.9B, MSA Safety would need its free cash flow to grow about 7% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 12% a year.
Are MSA Safety insiders buying the stock?
3 open-market insider purchases of MSA in the last 12 months, from SEC Form 4 filings.
Which superinvestors own MSA Safety?
5 of the superinvestors Investingly tracks hold MSA in their latest 13F, including Ruane, Cunniff & Goldfarb, Joel Greenblatt, Francois Rochon.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.