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

JELD-WEN Holding, Inc. is the larger business by last-quarter revenue ($802.0M vs $510.9M, roughly 1.6× MSA Safety Inc). MSA Safety Inc runs the higher net margin — 17.0% vs -5.2%, a 22.2% gap on every dollar of revenue. On growth, MSA Safety Inc posted the faster year-over-year revenue change (2.2% vs -10.5%). MSA Safety Inc produced more free cash flow last quarter ($106.0M vs $3.4M). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs -8.6%).

JELD-WEN is an American company with its headquarters in Charlotte, North Carolina. The company operates more than 120 manufacturing facilities in 19 countries. JELD-WEN designs, produces and distributes interior and exterior doors, wood, vinyl and aluminum windows, wall systems, shower enclosures, closet systems and other components used in the new construction, as well as repair and remodel of residential homes and non-residential buildings.

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.

JELD vs MSA — Head-to-Head

Bigger by revenue
JELD
JELD
1.6× larger
JELD
$802.0M
$510.9M
MSA
Growing faster (revenue YoY)
MSA
MSA
+12.7% gap
MSA
2.2%
-10.5%
JELD
Higher net margin
MSA
MSA
22.2% more per $
MSA
17.0%
-5.2%
JELD
More free cash flow
MSA
MSA
$102.6M more FCF
MSA
$106.0M
$3.4M
JELD
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
-8.6%
JELD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JELD
JELD
MSA
MSA
Revenue
$802.0M
$510.9M
Net Profit
$-41.9M
$86.9M
Gross Margin
14.7%
46.9%
Operating Margin
-1.8%
22.3%
Net Margin
-5.2%
17.0%
Revenue YoY
-10.5%
2.2%
Net Profit YoY
38.7%
-1.2%
EPS (diluted)
$-0.50
$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
JELD
JELD
MSA
MSA
Q4 25
$802.0M
$510.9M
Q3 25
$809.5M
$468.4M
Q2 25
$823.7M
$474.1M
Q1 25
$776.0M
$421.3M
Q4 24
$895.7M
$499.7M
Q3 24
$934.7M
$432.7M
Q2 24
$986.0M
$462.5M
Q1 24
$959.1M
$413.3M
Net Profit
JELD
JELD
MSA
MSA
Q4 25
$-41.9M
$86.9M
Q3 25
$-367.6M
$69.6M
Q2 25
$-21.5M
$62.8M
Q1 25
$-190.1M
$59.6M
Q4 24
$-68.4M
$87.9M
Q3 24
$-74.4M
$66.6M
Q2 24
$-18.5M
$72.2M
Q1 24
$-27.7M
$58.1M
Gross Margin
JELD
JELD
MSA
MSA
Q4 25
14.7%
46.9%
Q3 25
17.4%
46.5%
Q2 25
17.4%
46.6%
Q1 25
14.4%
45.9%
Q4 24
16.4%
46.9%
Q3 24
19.2%
47.9%
Q2 24
19.3%
48.2%
Q1 24
18.0%
47.3%
Operating Margin
JELD
JELD
MSA
MSA
Q4 25
-1.8%
22.3%
Q3 25
-25.0%
20.1%
Q2 25
-1.7%
18.1%
Q1 25
-23.8%
18.5%
Q4 24
-5.7%
23.5%
Q3 24
-5.6%
21.1%
Q2 24
0.5%
21.6%
Q1 24
-2.9%
19.4%
Net Margin
JELD
JELD
MSA
MSA
Q4 25
-5.2%
17.0%
Q3 25
-45.4%
14.9%
Q2 25
-2.6%
13.2%
Q1 25
-24.5%
14.1%
Q4 24
-7.6%
17.6%
Q3 24
-8.0%
15.4%
Q2 24
-1.9%
15.6%
Q1 24
-2.9%
14.1%
EPS (diluted)
JELD
JELD
MSA
MSA
Q4 25
$-0.50
$2.22
Q3 25
$-4.30
$1.77
Q2 25
$-0.25
$1.59
Q1 25
$-2.24
$1.51
Q4 24
$-0.80
$2.22
Q3 24
$-0.88
$1.69
Q2 24
$-0.22
$1.83
Q1 24
$-0.32
$1.47

Balance Sheet & Financial Strength

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

Metric
JELD
JELD
MSA
MSA
Cash + ST InvestmentsLiquidity on hand
$136.1M
$165.1M
Total DebtLower is stronger
$1.1B
$580.9M
Stockholders' EquityBook value
$92.2M
$1.4B
Total Assets
$2.1B
$2.6B
Debt / EquityLower = less leverage
12.47×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JELD
JELD
MSA
MSA
Q4 25
$136.1M
$165.1M
Q3 25
$106.7M
$170.0M
Q2 25
$134.1M
$147.0M
Q1 25
$132.5M
$170.6M
Q4 24
$150.3M
$164.6M
Q3 24
$208.5M
$154.4M
Q2 24
$212.8M
$146.8M
Q1 24
$234.5M
$148.3M
Total Debt
JELD
JELD
MSA
MSA
Q4 25
$1.1B
$580.9M
Q3 25
$1.2B
$628.6M
Q2 25
$1.2B
$679.3M
Q1 25
$1.2B
$502.1M
Q4 24
$1.2B
$508.0M
Q3 24
$1.2B
$554.7M
Q2 24
$1.2B
$588.2M
Q1 24
$1.2B
$596.2M
Stockholders' Equity
JELD
JELD
MSA
MSA
Q4 25
$92.2M
$1.4B
Q3 25
$113.9M
$1.3B
Q2 25
$477.1M
$1.3B
Q1 25
$452.1M
$1.2B
Q4 24
$620.1M
$1.1B
Q3 24
$720.3M
$1.1B
Q2 24
$770.0M
$1.0B
Q1 24
$811.5M
$994.8M
Total Assets
JELD
JELD
MSA
MSA
Q4 25
$2.1B
$2.6B
Q3 25
$2.2B
$2.6B
Q2 25
$2.5B
$2.6B
Q1 25
$2.4B
$2.2B
Q4 24
$2.6B
$2.2B
Q3 24
$2.8B
$2.2B
Q2 24
$2.9B
$2.2B
Q1 24
$2.9B
$2.2B
Debt / Equity
JELD
JELD
MSA
MSA
Q4 25
12.47×
0.42×
Q3 25
10.14×
0.48×
Q2 25
2.42×
0.54×
Q1 25
2.56×
0.42×
Q4 24
1.86×
0.44×
Q3 24
1.64×
0.51×
Q2 24
1.53×
0.57×
Q1 24
1.46×
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
JELD
JELD
MSA
MSA
Operating Cash FlowLast quarter
$32.8M
$122.4M
Free Cash FlowOCF − Capex
$3.4M
$106.0M
FCF MarginFCF / Revenue
0.4%
20.8%
Capex IntensityCapex / Revenue
3.7%
3.2%
Cash ConversionOCF / Net Profit
1.41×
TTM Free Cash FlowTrailing 4 quarters
$-124.6M
$295.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JELD
JELD
MSA
MSA
Q4 25
$32.8M
$122.4M
Q3 25
$11.2M
$112.5M
Q2 25
$34.6M
$67.2M
Q1 25
$-83.5M
$61.8M
Q4 24
$28.2M
$107.9M
Q3 24
$37.6M
$84.3M
Q2 24
$51.4M
$53.3M
Q1 24
$-11.0M
$50.9M
Free Cash Flow
JELD
JELD
MSA
MSA
Q4 25
$3.4M
$106.0M
Q3 25
$-13.1M
$100.5M
Q2 25
$5.3M
$37.9M
Q1 25
$-120.3M
$51.0M
Q4 24
$-23.9M
$93.5M
Q3 24
$-4.3M
$70.1M
Q2 24
$14.7M
$39.0M
Q1 24
$-42.2M
$39.7M
FCF Margin
JELD
JELD
MSA
MSA
Q4 25
0.4%
20.8%
Q3 25
-1.6%
21.4%
Q2 25
0.6%
8.0%
Q1 25
-15.5%
12.1%
Q4 24
-2.7%
18.7%
Q3 24
-0.5%
16.2%
Q2 24
1.5%
8.4%
Q1 24
-4.4%
9.6%
Capex Intensity
JELD
JELD
MSA
MSA
Q4 25
3.7%
3.2%
Q3 25
3.0%
2.6%
Q2 25
3.6%
6.2%
Q1 25
4.7%
2.6%
Q4 24
5.8%
2.9%
Q3 24
4.5%
3.3%
Q2 24
3.7%
3.1%
Q1 24
3.3%
2.7%
Cash Conversion
JELD
JELD
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

JELD
JELD

North America Segment$522.0M65%
Europe Segment$280.0M35%

MSA
MSA

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

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