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Side-by-side financial comparison of BANC OF CALIFORNIA, INC. (BANC) 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 $286.9M, roughly 1.8× BANC OF CALIFORNIA, INC.). BANC OF CALIFORNIA, INC. runs the higher net margin — 25.1% vs 17.0%, a 8.1% gap on every dollar of revenue. On growth, BANC OF CALIFORNIA, INC. posted the faster year-over-year revenue change (7.9% vs 2.2%). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs -23.7%).

Banc of California is an American bank with 80 branches in California, as well as locations in Denver, Colorado, and Durham, North Carolina. The bank is headquartered in Los Angeles, California, with about 2,000 employees nationwide including in New York and Chicago. Banc of California offers a broad range of loan and deposit products and services, focusing on providing banking and treasury management services to small-, middle-market, and venture-backed businesses.

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.

BANC vs MSA — Head-to-Head

Bigger by revenue
MSA
MSA
1.8× larger
MSA
$510.9M
$286.9M
BANC
Growing faster (revenue YoY)
BANC
BANC
+5.6% gap
BANC
7.9%
2.2%
MSA
Higher net margin
BANC
BANC
8.1% more per $
BANC
25.1%
17.0%
MSA
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
-23.7%
BANC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BANC
BANC
MSA
MSA
Revenue
$286.9M
$510.9M
Net Profit
$72.0M
$86.9M
Gross Margin
46.9%
Operating Margin
22.3%
Net Margin
25.1%
17.0%
Revenue YoY
7.9%
2.2%
Net Profit YoY
34.3%
-1.2%
EPS (diluted)
$0.39
$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
BANC
BANC
MSA
MSA
Q1 26
$286.9M
Q4 25
$458.5M
$510.9M
Q3 25
$466.8M
$468.4M
Q2 25
$453.1M
$474.1M
Q1 25
$440.3M
$421.3M
Q4 24
$453.5M
$499.7M
Q3 24
$431.4M
$432.7M
Q2 24
$492.4M
$462.5M
Net Profit
BANC
BANC
MSA
MSA
Q1 26
$72.0M
Q4 25
$77.4M
$86.9M
Q3 25
$69.6M
$69.6M
Q2 25
$28.4M
$62.8M
Q1 25
$53.6M
$59.6M
Q4 24
$56.9M
$87.9M
Q3 24
$8.8M
$66.6M
Q2 24
$30.3M
$72.2M
Gross Margin
BANC
BANC
MSA
MSA
Q1 26
Q4 25
46.9%
Q3 25
46.5%
Q2 25
46.6%
Q1 25
45.9%
Q4 24
46.9%
Q3 24
47.9%
Q2 24
48.2%
Operating Margin
BANC
BANC
MSA
MSA
Q1 26
Q4 25
21.8%
22.3%
Q3 25
19.8%
20.1%
Q2 25
10.6%
18.1%
Q1 25
16.6%
18.5%
Q4 24
15.5%
23.5%
Q3 24
2.7%
21.1%
Q2 24
9.1%
21.6%
Net Margin
BANC
BANC
MSA
MSA
Q1 26
25.1%
Q4 25
16.9%
17.0%
Q3 25
14.9%
14.9%
Q2 25
6.3%
13.2%
Q1 25
12.2%
14.1%
Q4 24
12.6%
17.6%
Q3 24
2.0%
15.4%
Q2 24
6.2%
15.6%
EPS (diluted)
BANC
BANC
MSA
MSA
Q1 26
$0.39
Q4 25
$0.41
$2.22
Q3 25
$0.38
$1.77
Q2 25
$0.12
$1.59
Q1 25
$0.26
$1.51
Q4 24
$0.29
$2.22
Q3 24
$-0.01
$1.69
Q2 24
$0.12
$1.83

Balance Sheet & Financial Strength

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

Metric
BANC
BANC
MSA
MSA
Cash + ST InvestmentsLiquidity on hand
$2.2B
$165.1M
Total DebtLower is stronger
$580.9M
Stockholders' EquityBook value
$3.6B
$1.4B
Total Assets
$34.7B
$2.6B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BANC
BANC
MSA
MSA
Q1 26
$2.2B
Q4 25
$165.1M
Q3 25
$170.0M
Q2 25
$147.0M
Q1 25
$170.6M
Q4 24
$164.6M
Q3 24
$154.4M
Q2 24
$146.8M
Total Debt
BANC
BANC
MSA
MSA
Q1 26
Q4 25
$2.1B
$580.9M
Q3 25
$2.0B
$628.6M
Q2 25
$1.9B
$679.3M
Q1 25
$1.7B
$502.1M
Q4 24
$1.4B
$508.0M
Q3 24
$1.6B
$554.7M
Q2 24
$1.4B
$588.2M
Stockholders' Equity
BANC
BANC
MSA
MSA
Q1 26
$3.6B
Q4 25
$3.5B
$1.4B
Q3 25
$3.5B
$1.3B
Q2 25
$3.4B
$1.3B
Q1 25
$3.5B
$1.2B
Q4 24
$3.5B
$1.1B
Q3 24
$3.5B
$1.1B
Q2 24
$3.4B
$1.0B
Total Assets
BANC
BANC
MSA
MSA
Q1 26
$34.7B
Q4 25
$34.8B
$2.6B
Q3 25
$34.0B
$2.6B
Q2 25
$34.3B
$2.6B
Q1 25
$33.8B
$2.2B
Q4 24
$33.5B
$2.2B
Q3 24
$33.4B
$2.2B
Q2 24
$35.2B
$2.2B
Debt / Equity
BANC
BANC
MSA
MSA
Q1 26
Q4 25
0.58×
0.42×
Q3 25
0.58×
0.48×
Q2 25
0.56×
0.54×
Q1 25
0.47×
0.42×
Q4 24
0.40×
0.44×
Q3 24
0.46×
0.51×
Q2 24
0.42×
0.57×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BANC
BANC
MSA
MSA
Q1 26
Q4 25
$255.6M
$122.4M
Q3 25
$75.7M
$112.5M
Q2 25
$62.7M
$67.2M
Q1 25
$15.1M
$61.8M
Q4 24
$77.4M
$107.9M
Q3 24
$46.9M
$84.3M
Q2 24
$39.1M
$53.3M
Free Cash Flow
BANC
BANC
MSA
MSA
Q1 26
Q4 25
$234.8M
$106.0M
Q3 25
$75.5M
$100.5M
Q2 25
$61.4M
$37.9M
Q1 25
$13.6M
$51.0M
Q4 24
$64.3M
$93.5M
Q3 24
$44.6M
$70.1M
Q2 24
$34.4M
$39.0M
FCF Margin
BANC
BANC
MSA
MSA
Q1 26
Q4 25
51.2%
20.8%
Q3 25
16.2%
21.4%
Q2 25
13.6%
8.0%
Q1 25
3.1%
12.1%
Q4 24
14.2%
18.7%
Q3 24
10.3%
16.2%
Q2 24
7.0%
8.4%
Capex Intensity
BANC
BANC
MSA
MSA
Q1 26
Q4 25
4.5%
3.2%
Q3 25
0.0%
2.6%
Q2 25
0.3%
6.2%
Q1 25
0.3%
2.6%
Q4 24
2.9%
2.9%
Q3 24
0.5%
3.3%
Q2 24
1.0%
3.1%
Cash Conversion
BANC
BANC
MSA
MSA
Q1 26
Q4 25
3.30×
1.41×
Q3 25
1.09×
1.62×
Q2 25
2.21×
1.07×
Q1 25
0.28×
1.04×
Q4 24
1.36×
1.23×
Q3 24
5.34×
1.27×
Q2 24
1.29×
0.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BANC
BANC

Segment breakdown not available.

MSA
MSA

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

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