MSA MSA Safety margins

Relative Growth: Rel. Growth: 82

Relative Strength: Rel. Strength: 50

Relative Valuation: Rel. Valuation: 55

Relative Profitability: Rel. Profitability: 81

Gross margin

47.6%

Operating margin

21.7%

EBITDA margin

26.6%

Net margin

16.1%

Based on the latest figures, MSA Safety reports a gross margin of 47.6%, an operating margin of 21.7%, an EBITDA margin of 26.6%, and a net margin of 16.1%. Each available margin improved from the same period last year. EBITDA margin recorded the strongest gain, increasing by 1.2 percentage points.

MSA margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, MSA Safety recorded average margins of 47.36% gross, 20.58% operating, 24.92% EBITDA, and 14.21% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

MSA margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 0.8 percentage points, operating margin by 0.7 percentage points, EBITDA margin by 1.2 percentage points, and net margin by 0.9 percentage points, led by EBITDA margin with an increase of 1.2 percentage points.

Gross margin expansion

0.8pp

Operating margin expansion

0.7pp

EBITDA margin expansion

1.2pp

Net margin expansion

0.9pp

MSA Gross margin

MSA Safety recorded an average gross margin of 47.36% across the last 3 years. MSA Safety currently reports a gross margin of 47.6%, 0.2 percentage points above its three-year average. The highest gross margin for MSA Safety was 48.2% in Jun 2024, while the lowest was 46.5% in Sep 2025.

MSA Operating margin

MSA Safety recorded an average operating margin of 20.58% across the last 3 years. MSA Safety currently reports an operating margin of 21.7%, 1.1 percentage points above its three-year average. The highest operating margin for MSA Safety was 21.7% in Jun 2026, while the lowest was 13.9% in Dec 2023.

MSA EBITDA margin

Over the last 3 years, the average EBITDA margin for MSA Safety was 24.92%. At present, MSA Safety's current EBITDA margin is 26.6%, which is 1.7 percentage points above its three-year average. MSA Safety's EBITDA margin ranged from a low of 17.6% in Dec 2023 to a high of 26.6% in Jun 2026.

MSA Net margin

The average net margin for MSA Safety was 14.21% across the past 3 years. Right now, the current net margin for MSA Safety is 16.1%, 1.9 percentage points above its three-year average. The net margin for MSA Safety moved between 3.3% in Dec 2023 and 16.1% in Jun 2026.

MSA margin group comparison

Margins compared with peer-group, industry and sector averages

MSA Safety's gross margin of 47.6% is above the Industrials sector and the industry average. Compared to its Industrials sector average of 32.5%, MSA Safety's gross margin is 46% higher.

MSA margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is MSA Safety's gross margin?

For the period ending Jun 30, 2026, MSA recorded a gross margin of 47.6%.

What is MSA Safety's operating margin?

The current operating margin for MSA is 21.7% as of Jun 30, 2026.

What is MSA Safety's EBITDA margin?

The current EBITDA margin for MSA is 26.6% as of Jun 30, 2026.

What is MSA Safety's net margin?

As of Jun 30, 2026, MSA has a net margin of 16.1%.

What are the average margins of MSA?

MSA Safety's gross, operating, EBITDA, and net margins averaged 47.4% gross, 20.6% operating, 24.9% EBITDA, and 14.2% net over the last 3 years.

What are the highest historical margins of MSA?

Across the 5-year period, MSA posted its highest margins at 48.2% gross in Jun 2024, 21.7% operating in Jun 2026, 26.6% EBITDA in Jun 2026, and 16.1% net in Jun 2026.

What are the lowest historical margins of MSA?

Over this 5-year history, MSA Safety's margins fell as low as 43.7% gross in Jun 2022, 1.6% operating in Dec 2021, 6% EBITDA in Dec 2021, and -0.4% net in Mar 2023.