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Side-by-side financial comparison of ALAMO GROUP INC (ALG) and MSA Safety Inc (MSA). Click either name above to swap in a different company.

MSA Safety Inc is the larger business by last-quarter revenue ($510.9M vs $373.6M, roughly 1.4× ALAMO GROUP INC). MSA Safety Inc runs the higher net margin — 17.0% vs 4.2%, a 12.9% gap on every dollar of revenue. On growth, MSA Safety Inc posted the faster year-over-year revenue change (2.2% vs -3.0%). MSA Safety Inc produced more free cash flow last quarter ($106.0M vs $69.9M). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs -6.3%).

The Alamo Drafthouse Cinema is an American cinema chain founded in 1997 in Austin, Texas, which is famous for serving dinner and drinks during the film, as well as its strict policy of requiring its audiences to maintain proper cinema-going etiquette. Sony Pictures Experiences acquired the chain in June 2024.

Mine Safety Appliances, or MSA Safety Incorporated, is an American manufacturer and supplier of safety equipment designed for use in a variety of hazardous conditions in industries such as construction, the military, fire service, and chemical, oil, and gas production. MSA is based in the Pittsburgh suburb of Cranberry.

ALG vs MSA — Head-to-Head

Bigger by revenue
MSA
MSA
1.4× larger
MSA
$510.9M
$373.6M
ALG
Growing faster (revenue YoY)
MSA
MSA
+5.3% gap
MSA
2.2%
-3.0%
ALG
Higher net margin
MSA
MSA
12.9% more per $
MSA
17.0%
4.2%
ALG
More free cash flow
MSA
MSA
$36.1M more FCF
MSA
$106.0M
$69.9M
ALG
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
-6.3%
ALG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALG
ALG
MSA
MSA
Revenue
$373.6M
$510.9M
Net Profit
$15.5M
$86.9M
Gross Margin
22.7%
46.9%
Operating Margin
6.0%
22.3%
Net Margin
4.2%
17.0%
Revenue YoY
-3.0%
2.2%
Net Profit YoY
-44.8%
-1.2%
EPS (diluted)
$1.28
$2.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALG
ALG
MSA
MSA
Q4 25
$373.6M
$510.9M
Q3 25
$420.0M
$468.4M
Q2 25
$419.1M
$474.1M
Q1 25
$390.9M
$421.3M
Q4 24
$385.3M
$499.7M
Q3 24
$401.3M
$432.7M
Q2 24
$416.3M
$462.5M
Q1 24
$425.6M
$413.3M
Net Profit
ALG
ALG
MSA
MSA
Q4 25
$15.5M
$86.9M
Q3 25
$25.4M
$69.6M
Q2 25
$31.1M
$62.8M
Q1 25
$31.8M
$59.6M
Q4 24
$28.1M
$87.9M
Q3 24
$27.4M
$66.6M
Q2 24
$28.3M
$72.2M
Q1 24
$32.1M
$58.1M
Gross Margin
ALG
ALG
MSA
MSA
Q4 25
22.7%
46.9%
Q3 25
24.2%
46.5%
Q2 25
25.8%
46.6%
Q1 25
26.3%
45.9%
Q4 24
23.8%
46.9%
Q3 24
25.1%
47.9%
Q2 24
26.0%
48.2%
Q1 24
26.2%
47.3%
Operating Margin
ALG
ALG
MSA
MSA
Q4 25
6.0%
22.3%
Q3 25
8.9%
20.1%
Q2 25
11.2%
18.1%
Q1 25
11.4%
18.5%
Q4 24
8.9%
23.5%
Q3 24
10.0%
21.1%
Q2 24
10.4%
21.6%
Q1 24
11.0%
19.4%
Net Margin
ALG
ALG
MSA
MSA
Q4 25
4.2%
17.0%
Q3 25
6.0%
14.9%
Q2 25
7.4%
13.2%
Q1 25
8.1%
14.1%
Q4 24
7.3%
17.6%
Q3 24
6.8%
15.4%
Q2 24
6.8%
15.6%
Q1 24
7.5%
14.1%
EPS (diluted)
ALG
ALG
MSA
MSA
Q4 25
$1.28
$2.22
Q3 25
$2.10
$1.77
Q2 25
$2.57
$1.59
Q1 25
$2.64
$1.51
Q4 24
$2.33
$2.22
Q3 24
$2.28
$1.69
Q2 24
$2.35
$1.83
Q1 24
$2.67
$1.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALG
ALG
MSA
MSA
Cash + ST InvestmentsLiquidity on hand
$309.7M
$165.1M
Total DebtLower is stronger
$190.7M
$580.9M
Stockholders' EquityBook value
$1.1B
$1.4B
Total Assets
$1.6B
$2.6B
Debt / EquityLower = less leverage
0.17×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALG
ALG
MSA
MSA
Q4 25
$309.7M
$165.1M
Q3 25
$244.8M
$170.0M
Q2 25
$201.8M
$147.0M
Q1 25
$200.3M
$170.6M
Q4 24
$197.3M
$164.6M
Q3 24
$140.0M
$154.4M
Q2 24
$118.5M
$146.8M
Q1 24
$121.8M
$148.3M
Total Debt
ALG
ALG
MSA
MSA
Q4 25
$190.7M
$580.9M
Q3 25
$194.4M
$628.6M
Q2 25
$198.1M
$679.3M
Q1 25
$201.8M
$502.1M
Q4 24
$205.5M
$508.0M
Q3 24
$209.2M
$554.7M
Q2 24
$278.6M
$588.2M
Q1 24
$306.5M
$596.2M
Stockholders' Equity
ALG
ALG
MSA
MSA
Q4 25
$1.1B
$1.4B
Q3 25
$1.1B
$1.3B
Q2 25
$1.1B
$1.3B
Q1 25
$1.1B
$1.2B
Q4 24
$1.0B
$1.1B
Q3 24
$1.0B
$1.1B
Q2 24
$979.7M
$1.0B
Q1 24
$956.6M
$994.8M
Total Assets
ALG
ALG
MSA
MSA
Q4 25
$1.6B
$2.6B
Q3 25
$1.6B
$2.6B
Q2 25
$1.6B
$2.6B
Q1 25
$1.5B
$2.2B
Q4 24
$1.5B
$2.2B
Q3 24
$1.5B
$2.2B
Q2 24
$1.5B
$2.2B
Q1 24
$1.5B
$2.2B
Debt / Equity
ALG
ALG
MSA
MSA
Q4 25
0.17×
0.42×
Q3 25
0.17×
0.48×
Q2 25
0.18×
0.54×
Q1 25
0.19×
0.42×
Q4 24
0.20×
0.44×
Q3 24
0.21×
0.51×
Q2 24
0.28×
0.57×
Q1 24
0.32×
0.60×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALG
ALG
MSA
MSA
Operating Cash FlowLast quarter
$75.1M
$122.4M
Free Cash FlowOCF − Capex
$69.9M
$106.0M
FCF MarginFCF / Revenue
18.7%
20.8%
Capex IntensityCapex / Revenue
1.4%
3.2%
Cash ConversionOCF / Net Profit
4.84×
1.41×
TTM Free Cash FlowTrailing 4 quarters
$146.9M
$295.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALG
ALG
MSA
MSA
Q4 25
$75.1M
$122.4M
Q3 25
$65.5M
$112.5M
Q2 25
$22.7M
$67.2M
Q1 25
$14.2M
$61.8M
Q4 24
$79.1M
$107.9M
Q3 24
$96.3M
$84.3M
Q2 24
$33.2M
$53.3M
Q1 24
$1.1M
$50.9M
Free Cash Flow
ALG
ALG
MSA
MSA
Q4 25
$69.9M
$106.0M
Q3 25
$53.1M
$100.5M
Q2 25
$15.7M
$37.9M
Q1 25
$8.2M
$51.0M
Q4 24
$73.1M
$93.5M
Q3 24
$88.4M
$70.1M
Q2 24
$28.8M
$39.0M
Q1 24
$-5.5M
$39.7M
FCF Margin
ALG
ALG
MSA
MSA
Q4 25
18.7%
20.8%
Q3 25
12.6%
21.4%
Q2 25
3.8%
8.0%
Q1 25
2.1%
12.1%
Q4 24
19.0%
18.7%
Q3 24
22.0%
16.2%
Q2 24
6.9%
8.4%
Q1 24
-1.3%
9.6%
Capex Intensity
ALG
ALG
MSA
MSA
Q4 25
1.4%
3.2%
Q3 25
3.0%
2.6%
Q2 25
1.7%
6.2%
Q1 25
1.5%
2.6%
Q4 24
1.6%
2.9%
Q3 24
2.0%
3.3%
Q2 24
1.1%
3.1%
Q1 24
1.6%
2.7%
Cash Conversion
ALG
ALG
MSA
MSA
Q4 25
4.84×
1.41×
Q3 25
2.58×
1.62×
Q2 25
0.73×
1.07×
Q1 25
0.45×
1.04×
Q4 24
2.82×
1.23×
Q3 24
3.51×
1.27×
Q2 24
1.17×
0.74×
Q1 24
0.03×
0.88×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALG
ALG

Wholegood Units$293.2M78%
Parts$61.6M16%
Other Revenue$18.9M5%

MSA
MSA

Americas Segment$335.2M66%
International Segment$175.7M34%

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