MSC (MSC) financial statements
MSC reported revenue of $695M in fiscal 2025, up 5.6% a year over 9 years.
Net income was -$59M and the operating margin 10.1%, against -12.9% in 2016.
The diluted share count rose 103% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MSC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $425M | $540M | $571M | $627M | $49M | $107M | $12M | $446M | $639M | $695M |
| Selling, general and admin | $135M | $130M | $133M | $129M | $89M | $88M | $80M | $115M | $171M | $183M |
| Operating income | -$55M | $80M | $138M | $178M | -$280M | -$192M | -$277M | -$29M | $38M | $70M |
| Interest expense | $159M | $160M | $161M | $132M | $105M | $91M | $92M | $130M | $134M | $126M |
| Income tax | $474,000 | -$239,000 | $544,000 | $402,000 | -$1M | -$457,000 | $382,000 | -$81,000 | $7M | $8M |
| Net income | -$243M | -$76M | -$22M | $34M | -$322M | -$253M | -$326M | -$134M | -$97M | -$59M |
| EPS (diluted) | -$1.34 | -$0.42 | -$0.11 | $0.14 | -$1.10 | — | — | — | — | — |
| Diluted shares | 181M | 181M | 192M | 242M | 367M | — | — | — | — | — |
| Operating margin | -12.9% | 14.9% | 24.1% | 28.4% | -568.9% | -179.3% | -2400.6% | -6.5% | 6.0% | 10.1% |
| Net margin | -57.2% | -14.2% | -3.8% | 5.4% | -653.6% | -236.3% | -2826.9% | -30.0% | -15.1% | -8.5% |
Balance sheet
Fiscal years, from MSC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $371M | $348M | $346M | $299M | $575M | $499M | $510M | $228M | $128M | $109M |
| Receivables | — | $2M | $2M | $1M | $157,000 | $247,000 | $263,000 | $2M | $2M | $2M |
| Inventory | — | $10M | $10M | $10M | $9M | $6M | $5M | $6M | $7M | $9M |
| Total current assets | — | $461M | $459M | $414M | $608M | $564M | $554M | $316M | $166M | $131M |
| Property, plant and equipment | — | $2.3B | $2.2B | $2.1B | $2.2B | $2.6B | $2.9B | $2.8B | $2.7B | $2.5B |
| Total assets | — | $2.9B | $2.8B | $2.7B | $3.0B | $3.3B | $3.6B | $3.2B | $3.0B | $2.8B |
| Total current liabilities | — | $178M | $439M | $100M | $162M | $255M | $247M | $157M | $181M | $180M |
| Long-term debt | — | $2.0B | $1.3B | $1.4B | $1.6B | $2.1B | $2.4B | $2.3B | $2.1B | $2.0B |
| Total liabilities | — | $2.2B | $1.7B | $1.6B | $1.8B | $2.4B | $2.7B | $2.5B | $2.3B | $2.2B |
| Shareholders' equity | — | $740M | $843M | $891M | $1.1B | $789M | $801M | $666M | $591M | $524M |
| Net debt | -$371M | $1.7B | $1.3B | $1.1B | $1.0B | $1.6B | $1.9B | $2.1B | $2.0B | $1.9B |
Cash flow
Fiscal years, from MSC's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $15M | $68M | $140M | $229M | -$167M | -$137M | -$179M | -$19M | $190M | $210M |
| Stock-based compensation | — | — | — | — | $791,000 | $438,000 | $361,000 | — | — | — |
| Dividends paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net borrowing | -$96M | $0 | -$400M | -$175M | $150M | $505M | $350M | -$100M | -$175M | -$143M |
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What was MSC's revenue in 2025?
$695M in fiscal 2025, from its 10-K filing.
From MSC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.