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Side-by-side financial comparison of Alliance Laundry Holdings Inc. (ALH) 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 $437.6M, roughly 1.2× Alliance Laundry Holdings Inc.). MSA Safety Inc runs the higher net margin — 17.0% vs 7.5%, a 9.5% gap on every dollar of revenue. On growth, Alliance Laundry Holdings Inc. posted the faster year-over-year revenue change (13.9% vs 2.2%). MSA Safety Inc produced more free cash flow last quarter ($106.0M vs $87.0M).
Alliance Laundry Systems LLC is an American provider of commercial laundry systems. The company designs, manufactures, and markets a line of commercial and industrial laundry equipment under various brands in over 100 countries. Among the company's products are washers, drying tumblers and ironers for the coin laundry, multi-housing laundries, institutional laundries and laundries for consumer residences. Alliance Laundry Systems manufactures products under the brands Speed Queen, Primus, Hue...
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.
ALH vs MSA — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $437.6M | $510.9M |
| Net Profit | $32.9M | $86.9M |
| Gross Margin | 37.0% | 46.9% |
| Operating Margin | 19.5% | 22.3% |
| Net Margin | 7.5% | 17.0% |
| Revenue YoY | 13.9% | 2.2% |
| Net Profit YoY | 620.3% | -1.2% |
| EPS (diluted) | $0.19 | $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.
| Q4 25 | — | $510.9M | ||
| Q3 25 | $437.6M | $468.4M | ||
| Q2 25 | — | $474.1M | ||
| Q1 25 | — | $421.3M | ||
| Q4 24 | — | $499.7M | ||
| Q3 24 | $384.3M | $432.7M | ||
| Q2 24 | — | $462.5M | ||
| Q1 24 | — | $413.3M |
| Q4 25 | — | $86.9M | ||
| Q3 25 | $32.9M | $69.6M | ||
| Q2 25 | — | $62.8M | ||
| Q1 25 | — | $59.6M | ||
| Q4 24 | — | $87.9M | ||
| Q3 24 | $-6.3M | $66.6M | ||
| Q2 24 | — | $72.2M | ||
| Q1 24 | — | $58.1M |
| Q4 25 | — | 46.9% | ||
| Q3 25 | 37.0% | 46.5% | ||
| Q2 25 | — | 46.6% | ||
| Q1 25 | — | 45.9% | ||
| Q4 24 | — | 46.9% | ||
| Q3 24 | 37.2% | 47.9% | ||
| Q2 24 | — | 48.2% | ||
| Q1 24 | — | 47.3% |
| Q4 25 | — | 22.3% | ||
| Q3 25 | 19.5% | 20.1% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 18.5% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | 18.7% | 21.1% | ||
| Q2 24 | — | 21.6% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | — | 17.0% | ||
| Q3 25 | 7.5% | 14.9% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 14.1% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | -1.6% | 15.4% | ||
| Q2 24 | — | 15.6% | ||
| Q1 24 | — | 14.1% |
| Q4 25 | — | $2.22 | ||
| Q3 25 | $0.19 | $1.77 | ||
| Q2 25 | — | $1.59 | ||
| Q1 25 | — | $1.51 | ||
| Q4 24 | — | $2.22 | ||
| Q3 24 | $-0.04 | $1.69 | ||
| Q2 24 | — | $1.83 | ||
| Q1 24 | — | $1.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $136.2M | $165.1M |
| Total DebtLower is stronger | — | $580.9M |
| Stockholders' EquityBook value | $-136.4M | $1.4B |
| Total Assets | $2.9B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $165.1M | ||
| Q3 25 | $136.2M | $170.0M | ||
| Q2 25 | — | $147.0M | ||
| Q1 25 | — | $170.6M | ||
| Q4 24 | — | $164.6M | ||
| Q3 24 | $128.4M | $154.4M | ||
| Q2 24 | — | $146.8M | ||
| Q1 24 | — | $148.3M |
| Q4 25 | — | $580.9M | ||
| Q3 25 | — | $628.6M | ||
| Q2 25 | — | $679.3M | ||
| Q1 25 | — | $502.1M | ||
| Q4 24 | — | $508.0M | ||
| Q3 24 | — | $554.7M | ||
| Q2 24 | — | $588.2M | ||
| Q1 24 | — | $596.2M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $-136.4M | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $-284.6M | $1.1B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $994.8M |
| Q4 25 | — | $2.6B | ||
| Q3 25 | $2.9B | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.2B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $116.8M | $122.4M |
| Free Cash FlowOCF − Capex | $87.0M | $106.0M |
| FCF MarginFCF / Revenue | 19.9% | 20.8% |
| Capex IntensityCapex / Revenue | 6.8% | 3.2% |
| Cash ConversionOCF / Net Profit | 3.55× | 1.41× |
| TTM Free Cash FlowTrailing 4 quarters | — | $295.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $122.4M | ||
| Q3 25 | $116.8M | $112.5M | ||
| Q2 25 | — | $67.2M | ||
| Q1 25 | — | $61.8M | ||
| Q4 24 | — | $107.9M | ||
| Q3 24 | — | $84.3M | ||
| Q2 24 | — | $53.3M | ||
| Q1 24 | — | $50.9M |
| Q4 25 | — | $106.0M | ||
| Q3 25 | $87.0M | $100.5M | ||
| Q2 25 | — | $37.9M | ||
| Q1 25 | — | $51.0M | ||
| Q4 24 | — | $93.5M | ||
| Q3 24 | — | $70.1M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | — | $39.7M |
| Q4 25 | — | 20.8% | ||
| Q3 25 | 19.9% | 21.4% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | 16.2% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 9.6% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | 6.8% | 2.6% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | — | 1.41× | ||
| Q3 25 | 3.55× | 1.62× | ||
| Q2 25 | — | 1.07× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | — | 1.23× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | — | 0.88× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALH
| Equipment Product Or Service | $275.7M | 63% |
| Other | $106.8M | 24% |
| Service Parts | $33.1M | 8% |
| Equipment Financing | $12.6M | 3% |
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
