MSC Industrial Direct Company (MSM) financial statements
MSC Industrial Direct Company reported revenue of $3.8B in fiscal 2025, up 3.1% a year over 9 years.
Net income was $199M and the operating margin 8.0%, against 13.1% in 2016.
Free cash flow was $241M, and the company returned $39M in net buybacks.
The diluted share count fell 8% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MSC Industrial Direct Company's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9B | $2.9B | $3.2B | $3.4B | $3.2B | $3.2B | $3.7B | $4.0B | $3.8B | $3.8B |
| Cost of revenue | $1.6B | $1.6B | $1.8B | $1.9B | $1.8B | $1.9B | $2.1B | $2.4B | $2.2B | $2.2B |
| Gross profit | $1.3B | $1.3B | $1.4B | $1.4B | $1.3B | $1.3B | $1.6B | $1.6B | $1.6B | $1.5B |
| Operating income | $376M | $379M | $421M | $400M | $351M | $302M | $469M | $484M | $390M | $302M |
| Interest expense | $6M | $12M | $14M | $17M | $17M | $15M | $18M | $23M | $26M | $24M |
| Pre-tax income | $372M | $368M | $406M | $383M | $334M | $288M | $451M | $456M | $343M | $264M |
| Income tax | $141M | $137M | $77M | $94M | $82M | $70M | $111M | $113M | $87M | $66M |
| Net income | $231M | $231M | $329M | $289M | $251M | $217M | $340M | $343M | $259M | $199M |
| EPS (diluted) | $3.77 | $4.05 | $5.80 | $5.20 | $4.51 | $3.87 | $6.06 | $6.11 | $4.58 | $3.57 |
| Diluted shares | 61M | 57M | 57M | 56M | 56M | 56M | 56M | 56M | 56M | 56M |
| Gross margin | 45.0% | 44.5% | 43.5% | 42.6% | 42.1% | 41.1% | 42.2% | 41.0% | 41.2% | 40.8% |
| Operating margin | 13.1% | 13.1% | 13.1% | 11.9% | 11.0% | 9.3% | 12.7% | 12.1% | 10.2% | 8.0% |
| Net margin | 8.1% | 8.0% | 10.3% | 8.6% | 7.9% | 6.7% | 9.2% | 8.6% | 6.8% | 5.3% |
Balance sheet
Fiscal years, from MSC Industrial Direct Company's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $53M | $16M | $46M | $32M | $125M | $41M | $44M | $50M | $30M | $56M |
| Receivables | $392M | $472M | $524M | $541M | $492M | $560M | $688M | $435M | $412M | $423M |
| Inventory | $444M | $465M | $518M | $559M | $543M | $624M | $716M | $727M | $644M | $644M |
| Total current assets | $981M | $1.0B | $1.1B | $1.2B | $1.2B | $1.3B | $1.5B | $1.3B | $1.2B | $1.2B |
| Property, plant and equipment | $321M | $316M | $312M | $311M | $302M | $298M | $287M | $320M | $360M | $347M |
| Goodwill | $624M | $634M | $675M | $677M | $678M | $693M | $710M | $718M | $724M | $724M |
| Total assets | $2.1B | $2.1B | $2.3B | $2.3B | $2.4B | $2.5B | $2.7B | $2.5B | $2.5B | $2.5B |
| Total current liabilities | $479M | $558M | $491M | $447M | $409M | $562M | $726M | $649M | $605M | $729M |
| Long-term debt | $340M | $201M | $311M | $266M | $497M | $584M | $469M | $224M | $279M | $169M |
| Total liabilities | $967M | $874M | $901M | $827M | $1.1B | $1.3B | $1.4B | $1.1B | $1.1B | $1.1B |
| Shareholders' equity | $1.1B | $1.2B | $1.4B | $1.5B | $1.3B | $1.2B | $1.4B | $1.5B | $1.4B | $1.4B |
| Net debt | $554M | $517M | $489M | $410M | $493M | $744M | $750M | $404M | $479M | $429M |
Cash flow
Fiscal years, from MSC Industrial Direct Company's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $401M | $247M | $340M | $328M | $397M | $224M | $246M | $700M | $411M | $334M |
| Capital spending | $88M | $47M | $45M | $52M | $47M | $54M | $61M | $92M | $99M | $93M |
| Free cash flow | $313M | $200M | $295M | $277M | $350M | $171M | $185M | $607M | $311M | $241M |
| Stock-based compensation | $14M | $14M | $15M | $16M | $17M | $18M | $19M | $19M | $19M | $13M |
| Share buybacks (net) | -$384M | -$49M | -$82M | -$85M | -$3M | -$71M | -$27M | -$96M | -$188M | -$39M |
| Net borrowing | — | — | $110M | — | $100M | $5M | $0 | $0 | $50M | $0 |
| Free cash flow margin | 10.9% | 6.9% | 9.2% | 8.2% | 11.0% | 5.3% | 5.0% | 15.1% | 8.1% | 6.4% |
Questions
What was MSC Industrial Direct Company's revenue in 2025?
$3.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does MSC Industrial Direct Company generate?
$241M in fiscal 2025 (operating cash flow minus capital spending).
From MSC Industrial Direct Company's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.