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Side-by-side financial comparison of Alight, Inc. (ALIT) and MSA Safety Inc (MSA). Click either name above to swap in a different company.

Alight, Inc. is the larger business by last-quarter revenue ($653.0M vs $510.9M, roughly 1.3× MSA Safety Inc). MSA Safety Inc runs the higher net margin — 17.0% vs -142.7%, a 159.7% gap on every dollar of revenue. On growth, MSA Safety Inc posted the faster year-over-year revenue change (2.2% vs -4.0%). MSA Safety Inc produced more free cash flow last quarter ($106.0M vs $99.0M). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs 8.1%).

Alight Solutions is an American information technology and consulting company that provides cloud-based systems, outsourcing and consultancy related to human resource. They provide platforms and outsourcing for large companies to manage their human capital this includes health benefit administration, financial management and retirement planning.

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.

ALIT vs MSA — Head-to-Head

Bigger by revenue
ALIT
ALIT
1.3× larger
ALIT
$653.0M
$510.9M
MSA
Growing faster (revenue YoY)
MSA
MSA
+6.2% gap
MSA
2.2%
-4.0%
ALIT
Higher net margin
MSA
MSA
159.7% more per $
MSA
17.0%
-142.7%
ALIT
More free cash flow
MSA
MSA
$7.0M more FCF
MSA
$106.0M
$99.0M
ALIT
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
8.1%
ALIT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALIT
ALIT
MSA
MSA
Revenue
$653.0M
$510.9M
Net Profit
$-932.0M
$86.9M
Gross Margin
36.8%
46.9%
Operating Margin
-114.9%
22.3%
Net Margin
-142.7%
17.0%
Revenue YoY
-4.0%
2.2%
Net Profit YoY
-11750.0%
-1.2%
EPS (diluted)
$-1.77
$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
ALIT
ALIT
MSA
MSA
Q4 25
$653.0M
$510.9M
Q3 25
$533.0M
$468.4M
Q2 25
$528.0M
$474.1M
Q1 25
$548.0M
$421.3M
Q4 24
$680.0M
$499.7M
Q3 24
$555.0M
$432.7M
Q2 24
$538.0M
$462.5M
Q1 24
$559.0M
$413.3M
Net Profit
ALIT
ALIT
MSA
MSA
Q4 25
$-932.0M
$86.9M
Q3 25
$-1.1B
$69.6M
Q2 25
$-1.1B
$62.8M
Q1 25
$-25.0M
$59.6M
Q4 24
$8.0M
$87.9M
Q3 24
$-74.0M
$66.6M
Q2 24
$23.0M
$72.2M
Q1 24
$-114.0M
$58.1M
Gross Margin
ALIT
ALIT
MSA
MSA
Q4 25
36.8%
46.9%
Q3 25
33.4%
46.5%
Q2 25
33.3%
46.6%
Q1 25
31.2%
45.9%
Q4 24
39.9%
46.9%
Q3 24
31.4%
47.9%
Q2 24
31.0%
48.2%
Q1 24
32.6%
47.3%
Operating Margin
ALIT
ALIT
MSA
MSA
Q4 25
-114.9%
22.3%
Q3 25
-248.0%
20.1%
Q2 25
-191.3%
18.1%
Q1 25
-1.5%
18.5%
Q4 24
6.5%
23.5%
Q3 24
-7.6%
21.1%
Q2 24
-9.7%
21.6%
Q1 24
-7.2%
19.4%
Net Margin
ALIT
ALIT
MSA
MSA
Q4 25
-142.7%
17.0%
Q3 25
-200.2%
14.9%
Q2 25
-203.2%
13.2%
Q1 25
-4.6%
14.1%
Q4 24
1.2%
17.6%
Q3 24
-13.3%
15.4%
Q2 24
4.3%
15.6%
Q1 24
-20.4%
14.1%
EPS (diluted)
ALIT
ALIT
MSA
MSA
Q4 25
$-1.77
$2.22
Q3 25
$-2.02
$1.77
Q2 25
$-2.03
$1.59
Q1 25
$-0.05
$1.51
Q4 24
$0.02
$2.22
Q3 24
$-0.14
$1.69
Q2 24
$0.04
$1.83
Q1 24
$-0.21
$1.47

Balance Sheet & Financial Strength

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

Metric
ALIT
ALIT
MSA
MSA
Cash + ST InvestmentsLiquidity on hand
$273.0M
$165.1M
Total DebtLower is stronger
$2.0B
$580.9M
Stockholders' EquityBook value
$1.0B
$1.4B
Total Assets
$4.6B
$2.6B
Debt / EquityLower = less leverage
1.92×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALIT
ALIT
MSA
MSA
Q4 25
$273.0M
$165.1M
Q3 25
$205.0M
$170.0M
Q2 25
$227.0M
$147.0M
Q1 25
$223.0M
$170.6M
Q4 24
$343.0M
$164.6M
Q3 24
$300.0M
$154.4M
Q2 24
$183.0M
$146.8M
Q1 24
$256.0M
$148.3M
Total Debt
ALIT
ALIT
MSA
MSA
Q4 25
$2.0B
$580.9M
Q3 25
$2.0B
$628.6M
Q2 25
$2.0B
$679.3M
Q1 25
$2.0B
$502.1M
Q4 24
$2.0B
$508.0M
Q3 24
$2.0B
$554.7M
Q2 24
$2.8B
$588.2M
Q1 24
$2.8B
$596.2M
Stockholders' Equity
ALIT
ALIT
MSA
MSA
Q4 25
$1.0B
$1.4B
Q3 25
$2.0B
$1.3B
Q2 25
$3.1B
$1.3B
Q1 25
$4.2B
$1.2B
Q4 24
$4.3B
$1.1B
Q3 24
$4.3B
$1.1B
Q2 24
$4.5B
$1.0B
Q1 24
$4.5B
$994.8M
Total Assets
ALIT
ALIT
MSA
MSA
Q4 25
$4.6B
$2.6B
Q3 25
$5.5B
$2.6B
Q2 25
$6.8B
$2.6B
Q1 25
$7.9B
$2.2B
Q4 24
$8.2B
$2.2B
Q3 24
$8.3B
$2.2B
Q2 24
$10.5B
$2.2B
Q1 24
$10.7B
$2.2B
Debt / Equity
ALIT
ALIT
MSA
MSA
Q4 25
1.92×
0.42×
Q3 25
1.00×
0.48×
Q2 25
0.65×
0.54×
Q1 25
0.48×
0.42×
Q4 24
0.47×
0.44×
Q3 24
0.47×
0.51×
Q2 24
0.62×
0.57×
Q1 24
0.62×
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
ALIT
ALIT
MSA
MSA
Operating Cash FlowLast quarter
$124.0M
$122.4M
Free Cash FlowOCF − Capex
$99.0M
$106.0M
FCF MarginFCF / Revenue
15.2%
20.8%
Capex IntensityCapex / Revenue
3.8%
3.2%
Cash ConversionOCF / Net Profit
1.41×
TTM Free Cash FlowTrailing 4 quarters
$250.0M
$295.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALIT
ALIT
MSA
MSA
Q4 25
$124.0M
$122.4M
Q3 25
$77.0M
$112.5M
Q2 25
$86.0M
$67.2M
Q1 25
$73.0M
$61.8M
Q4 24
$118.0M
$107.9M
Q3 24
$-24.0M
$84.3M
Q2 24
$58.0M
$53.3M
Q1 24
$100.0M
$50.9M
Free Cash Flow
ALIT
ALIT
MSA
MSA
Q4 25
$99.0M
$106.0M
Q3 25
$49.0M
$100.5M
Q2 25
$58.0M
$37.9M
Q1 25
$44.0M
$51.0M
Q4 24
$92.0M
$93.5M
Q3 24
$-52.0M
$70.1M
Q2 24
$22.0M
$39.0M
Q1 24
$69.0M
$39.7M
FCF Margin
ALIT
ALIT
MSA
MSA
Q4 25
15.2%
20.8%
Q3 25
9.2%
21.4%
Q2 25
11.0%
8.0%
Q1 25
8.0%
12.1%
Q4 24
13.5%
18.7%
Q3 24
-9.4%
16.2%
Q2 24
4.1%
8.4%
Q1 24
12.3%
9.6%
Capex Intensity
ALIT
ALIT
MSA
MSA
Q4 25
3.8%
3.2%
Q3 25
5.3%
2.6%
Q2 25
5.3%
6.2%
Q1 25
5.3%
2.6%
Q4 24
3.8%
2.9%
Q3 24
5.0%
3.3%
Q2 24
6.7%
3.1%
Q1 24
5.5%
2.7%
Cash Conversion
ALIT
ALIT
MSA
MSA
Q4 25
1.41×
Q3 25
1.62×
Q2 25
1.07×
Q1 25
1.04×
Q4 24
14.75×
1.23×
Q3 24
1.27×
Q2 24
2.52×
0.74×
Q1 24
0.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALIT
ALIT

Recurring$607.0M93%
Projects$46.0M7%

MSA
MSA

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

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