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Side-by-side financial comparison of Okeanis Eco Tankers Corp. (ECO) 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 $393.2M, roughly 1.3× Okeanis Eco Tankers Corp.). Over the past eight quarters, Okeanis Eco Tankers Corp.'s revenue compounded faster (20.5% CAGR vs 11.2%).

Okeanis Eco Tankers Corp. is a global shipping enterprise specializing in the operation of eco-friendly tanker fleets. Its core business covers maritime transport of crude oil and refined petroleum products, serving major energy and commodity clients across key international trade routes, with a focus on cutting carbon emissions via energy-efficient vessel designs.

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.

ECO vs MSA — Head-to-Head

Bigger by revenue
MSA
MSA
1.3× larger
MSA
$510.9M
$393.2M
ECO
Faster 2-yr revenue CAGR
ECO
ECO
Annualised
ECO
20.5%
11.2%
MSA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ECO
ECO
MSA
MSA
Revenue
$393.2M
$510.9M
Net Profit
$86.9M
Gross Margin
46.9%
Operating Margin
41.4%
22.3%
Net Margin
17.0%
Revenue YoY
2.2%
Net Profit YoY
-1.2%
EPS (diluted)
$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
ECO
ECO
MSA
MSA
Q4 25
$393.2M
$510.9M
Q3 25
$308.0M
$468.4M
Q2 25
$-49.0M
$474.1M
Q1 25
$111.1M
$421.3M
Q4 24
$413.1M
$499.7M
Q3 24
$321.4M
$432.7M
Q2 24
$232.4M
$462.5M
Q1 24
$413.3M
Net Profit
ECO
ECO
MSA
MSA
Q4 25
$86.9M
Q3 25
$69.6M
Q2 25
$62.8M
Q1 25
$59.6M
Q4 24
$87.9M
Q3 24
$66.6M
Q2 24
$72.2M
Q1 24
$58.1M
Gross Margin
ECO
ECO
MSA
MSA
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%
Q1 24
47.3%
Operating Margin
ECO
ECO
MSA
MSA
Q4 25
41.4%
22.3%
Q3 25
44.2%
20.1%
Q2 25
101.1%
18.1%
Q1 25
49.6%
18.5%
Q4 24
48.7%
23.5%
Q3 24
52.0%
21.1%
Q2 24
56.7%
21.6%
Q1 24
19.4%
Net Margin
ECO
ECO
MSA
MSA
Q4 25
17.0%
Q3 25
14.9%
Q2 25
13.2%
Q1 25
14.1%
Q4 24
17.6%
Q3 24
15.4%
Q2 24
15.6%
Q1 24
14.1%
EPS (diluted)
ECO
ECO
MSA
MSA
Q4 25
$2.22
Q3 25
$1.77
Q2 25
$1.59
Q1 25
$1.51
Q4 24
$2.22
Q3 24
$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
ECO
ECO
MSA
MSA
Cash + ST InvestmentsLiquidity on hand
$116.6M
$165.1M
Total DebtLower is stronger
$580.9M
Stockholders' EquityBook value
$573.1M
$1.4B
Total Assets
$1.2B
$2.6B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECO
ECO
MSA
MSA
Q4 25
$116.6M
$165.1M
Q3 25
$170.0M
Q2 25
$59.8M
$147.0M
Q1 25
$170.6M
Q4 24
$49.3M
$164.6M
Q3 24
$154.4M
Q2 24
$92.8M
$146.8M
Q1 24
$148.3M
Total Debt
ECO
ECO
MSA
MSA
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
Stockholders' Equity
ECO
ECO
MSA
MSA
Q4 25
$573.1M
$1.4B
Q3 25
$1.3B
Q2 25
$428.3M
$1.3B
Q1 25
$1.2B
Q4 24
$410.4M
$1.1B
Q3 24
$1.1B
Q2 24
$432.6M
$1.0B
Q1 24
$994.8M
Total Assets
ECO
ECO
MSA
MSA
Q4 25
$1.2B
$2.6B
Q3 25
$2.6B
Q2 25
$1.1B
$2.6B
Q1 25
$2.2B
Q4 24
$1.1B
$2.2B
Q3 24
$2.2B
Q2 24
$1.1B
$2.2B
Q1 24
$2.2B
Debt / Equity
ECO
ECO
MSA
MSA
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
ECO
ECO
MSA
MSA
Operating Cash FlowLast quarter
$111.3M
$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
ECO
ECO
MSA
MSA
Q4 25
$111.3M
$122.4M
Q3 25
$132.2M
$112.5M
Q2 25
$67.2M
Q1 25
$61.8M
Q4 24
$162.8M
$107.9M
Q3 24
$84.3M
Q2 24
$53.3M
Q1 24
$50.9M
Free Cash Flow
ECO
ECO
MSA
MSA
Q4 25
$106.0M
Q3 25
$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
FCF Margin
ECO
ECO
MSA
MSA
Q4 25
20.8%
Q3 25
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%
Capex Intensity
ECO
ECO
MSA
MSA
Q4 25
3.2%
Q3 25
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%
Cash Conversion
ECO
ECO
MSA
MSA
Q4 25
1.41×
Q3 25
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

ECO
ECO

Segment breakdown not available.

MSA
MSA

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

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