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Side-by-side financial comparison of JACK IN THE BOX INC (JACK) 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 $349.5M, roughly 1.5× JACK IN THE BOX INC). MSA Safety Inc runs the higher net margin — 17.0% vs -0.7%, a 17.7% gap on every dollar of revenue. On growth, MSA Safety Inc posted the faster year-over-year revenue change (2.2% vs -25.5%). MSA Safety Inc produced more free cash flow last quarter ($106.0M vs $7.3M). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs -18.6%).

Jack in the Box, Inc. is an American fast food restaurant chain founded on February 21, 1951, by Robert O. Peterson in San Diego, California, where it is headquartered. The chain has over 2,200 locations, primarily serving the West Coast of the United States. Restaurants are also found in large urban areas outside the West Coast, as well as two in Guam. The company also formerly operated the Qdoba Mexican Grill chain until Apollo Global Management bought the chain in December 2017.

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.

JACK vs MSA — Head-to-Head

Bigger by revenue
MSA
MSA
1.5× larger
MSA
$510.9M
$349.5M
JACK
Growing faster (revenue YoY)
MSA
MSA
+27.8% gap
MSA
2.2%
-25.5%
JACK
Higher net margin
MSA
MSA
17.7% more per $
MSA
17.0%
-0.7%
JACK
More free cash flow
MSA
MSA
$98.7M more FCF
MSA
$106.0M
$7.3M
JACK
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
-18.6%
JACK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
JACK
JACK
MSA
MSA
Revenue
$349.5M
$510.9M
Net Profit
$-2.5M
$86.9M
Gross Margin
46.9%
Operating Margin
13.3%
22.3%
Net Margin
-0.7%
17.0%
Revenue YoY
-25.5%
2.2%
Net Profit YoY
-107.3%
-1.2%
EPS (diluted)
$-0.13
$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
JACK
JACK
MSA
MSA
Q1 26
$349.5M
Q4 25
$510.9M
Q3 25
$468.4M
Q2 25
$336.7M
$474.1M
Q1 25
$371.1M
$421.3M
Q4 24
$499.7M
Q3 24
$432.7M
Q2 24
$365.3M
$462.5M
Net Profit
JACK
JACK
MSA
MSA
Q1 26
$-2.5M
Q4 25
$86.9M
Q3 25
$69.6M
Q2 25
$-142.2M
$62.8M
Q1 25
$33.7M
$59.6M
Q4 24
$87.9M
Q3 24
$66.6M
Q2 24
$25.0M
$72.2M
Gross Margin
JACK
JACK
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
JACK
JACK
MSA
MSA
Q1 26
13.3%
Q4 25
22.3%
Q3 25
20.1%
Q2 25
-46.7%
18.1%
Q1 25
19.0%
18.5%
Q4 24
23.5%
Q3 24
21.1%
Q2 24
14.8%
21.6%
Net Margin
JACK
JACK
MSA
MSA
Q1 26
-0.7%
Q4 25
17.0%
Q3 25
14.9%
Q2 25
-42.2%
13.2%
Q1 25
9.1%
14.1%
Q4 24
17.6%
Q3 24
15.4%
Q2 24
6.8%
15.6%
EPS (diluted)
JACK
JACK
MSA
MSA
Q1 26
$-0.13
Q4 25
$2.22
Q3 25
$1.77
Q2 25
$-7.47
$1.59
Q1 25
$1.75
$1.51
Q4 24
$2.22
Q3 24
$1.69
Q2 24
$1.26
$1.83

Balance Sheet & Financial Strength

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

Metric
JACK
JACK
MSA
MSA
Cash + ST InvestmentsLiquidity on hand
$165.1M
Total DebtLower is stronger
$1.6B
$580.9M
Stockholders' EquityBook value
$-936.0M
$1.4B
Total Assets
$2.0B
$2.6B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JACK
JACK
MSA
MSA
Q1 26
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
JACK
JACK
MSA
MSA
Q1 26
$1.6B
Q4 25
$580.9M
Q3 25
$628.6M
Q2 25
$1.7B
$679.3M
Q1 25
$1.7B
$502.1M
Q4 24
$508.0M
Q3 24
$554.7M
Q2 24
$1.7B
$588.2M
Stockholders' Equity
JACK
JACK
MSA
MSA
Q1 26
$-936.0M
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$-976.2M
$1.3B
Q1 25
$-827.1M
$1.2B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$-702.6M
$1.0B
Total Assets
JACK
JACK
MSA
MSA
Q1 26
$2.0B
Q4 25
$2.6B
Q3 25
$2.6B
Q2 25
$2.6B
$2.6B
Q1 25
$2.8B
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.9B
$2.2B
Debt / Equity
JACK
JACK
MSA
MSA
Q1 26
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×

Cash Flow & Capital Efficiency

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

Metric
JACK
JACK
MSA
MSA
Operating Cash FlowLast quarter
$30.5M
$122.4M
Free Cash FlowOCF − Capex
$7.3M
$106.0M
FCF MarginFCF / Revenue
2.1%
20.8%
Capex IntensityCapex / Revenue
6.6%
3.2%
Cash ConversionOCF / Net Profit
1.41×
TTM Free Cash FlowTrailing 4 quarters
$34.8M
$295.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JACK
JACK
MSA
MSA
Q1 26
$30.5M
Q4 25
$122.4M
Q3 25
$112.5M
Q2 25
$-36.8M
$67.2M
Q1 25
$105.7M
$61.8M
Q4 24
$107.9M
Q3 24
$84.3M
Q2 24
$16.7M
$53.3M
Free Cash Flow
JACK
JACK
MSA
MSA
Q1 26
$7.3M
Q4 25
$106.0M
Q3 25
$100.5M
Q2 25
$-63.2M
$37.9M
Q1 25
$84.4M
$51.0M
Q4 24
$93.5M
Q3 24
$70.1M
Q2 24
$6.4M
$39.0M
FCF Margin
JACK
JACK
MSA
MSA
Q1 26
2.1%
Q4 25
20.8%
Q3 25
21.4%
Q2 25
-18.8%
8.0%
Q1 25
22.7%
12.1%
Q4 24
18.7%
Q3 24
16.2%
Q2 24
1.8%
8.4%
Capex Intensity
JACK
JACK
MSA
MSA
Q1 26
6.6%
Q4 25
3.2%
Q3 25
2.6%
Q2 25
7.9%
6.2%
Q1 25
5.7%
2.6%
Q4 24
2.9%
Q3 24
3.3%
Q2 24
2.8%
3.1%
Cash Conversion
JACK
JACK
MSA
MSA
Q1 26
Q4 25
1.41×
Q3 25
1.62×
Q2 25
1.07×
Q1 25
3.14×
1.04×
Q4 24
1.23×
Q3 24
1.27×
Q2 24
0.67×
0.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JACK
JACK

Restaurant Sales$131.9M38%
Franchise$97.4M28%
Royaltyand Other$58.9M17%
Advertising$56.6M16%
Technology Service$4.7M1%
Franchise Fees$1.7M0%

MSA
MSA

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

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