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Side-by-side financial comparison of KFORCE INC (KFRC) 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 $330.4M, roughly 1.5× KFORCE INC). MSA Safety Inc runs the higher net margin — 17.0% vs 2.4%, a 14.6% gap on every dollar of revenue. On growth, MSA Safety Inc posted the faster year-over-year revenue change (2.2% vs 0.1%). MSA Safety Inc produced more free cash flow last quarter ($106.0M vs $-7.4M). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs -3.7%).

Kforce Inc. is a professional staffing and solutions firm headquartered in the United States. It provides skilled professional placements and specialized workforce solutions primarily across technology, finance & accounting, and healthcare segments, serving a wide range of mid-sized to large enterprise clients nationwide.

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.

KFRC vs MSA — Head-to-Head

Bigger by revenue
MSA
MSA
1.5× larger
MSA
$510.9M
$330.4M
KFRC
Growing faster (revenue YoY)
MSA
MSA
+2.1% gap
MSA
2.2%
0.1%
KFRC
Higher net margin
MSA
MSA
14.6% more per $
MSA
17.0%
2.4%
KFRC
More free cash flow
MSA
MSA
$113.4M more FCF
MSA
$106.0M
$-7.4M
KFRC
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
-3.7%
KFRC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
KFRC
KFRC
MSA
MSA
Revenue
$330.4M
$510.9M
Net Profit
$7.9M
$86.9M
Gross Margin
27.3%
46.9%
Operating Margin
3.6%
22.3%
Net Margin
2.4%
17.0%
Revenue YoY
0.1%
2.2%
Net Profit YoY
-2.7%
-1.2%
EPS (diluted)
$0.46
$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
KFRC
KFRC
MSA
MSA
Q1 26
$330.4M
Q4 25
$332.0M
$510.9M
Q3 25
$332.6M
$468.4M
Q2 25
$334.3M
$474.1M
Q1 25
$330.0M
$421.3M
Q4 24
$343.8M
$499.7M
Q3 24
$353.3M
$432.7M
Q2 24
$356.3M
$462.5M
Net Profit
KFRC
KFRC
MSA
MSA
Q1 26
$7.9M
Q4 25
$5.2M
$86.9M
Q3 25
$11.1M
$69.6M
Q2 25
$10.4M
$62.8M
Q1 25
$8.1M
$59.6M
Q4 24
$11.1M
$87.9M
Q3 24
$14.2M
$66.6M
Q2 24
$14.2M
$72.2M
Gross Margin
KFRC
KFRC
MSA
MSA
Q1 26
27.3%
Q4 25
27.2%
46.9%
Q3 25
27.7%
46.5%
Q2 25
27.1%
46.6%
Q1 25
26.7%
45.9%
Q4 24
27.0%
46.9%
Q3 24
27.9%
47.9%
Q2 24
27.8%
48.2%
Operating Margin
KFRC
KFRC
MSA
MSA
Q1 26
3.6%
Q4 25
2.6%
22.3%
Q3 25
4.5%
20.1%
Q2 25
4.5%
18.1%
Q1 25
3.5%
18.5%
Q4 24
4.5%
23.5%
Q3 24
5.3%
21.1%
Q2 24
5.5%
21.6%
Net Margin
KFRC
KFRC
MSA
MSA
Q1 26
2.4%
Q4 25
1.6%
17.0%
Q3 25
3.3%
14.9%
Q2 25
3.1%
13.2%
Q1 25
2.5%
14.1%
Q4 24
3.2%
17.6%
Q3 24
4.0%
15.4%
Q2 24
4.0%
15.6%
EPS (diluted)
KFRC
KFRC
MSA
MSA
Q1 26
$0.46
Q4 25
$0.29
$2.22
Q3 25
$0.63
$1.77
Q2 25
$0.59
$1.59
Q1 25
$0.45
$1.51
Q4 24
$0.60
$2.22
Q3 24
$0.75
$1.69
Q2 24
$0.75
$1.83

Balance Sheet & Financial Strength

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

Metric
KFRC
KFRC
MSA
MSA
Cash + ST InvestmentsLiquidity on hand
$1.3M
$165.1M
Total DebtLower is stronger
$580.9M
Stockholders' EquityBook value
$117.4M
$1.4B
Total Assets
$384.8M
$2.6B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KFRC
KFRC
MSA
MSA
Q1 26
$1.3M
Q4 25
$2.1M
$165.1M
Q3 25
$1.3M
$170.0M
Q2 25
$2.5M
$147.0M
Q1 25
$444.0K
$170.6M
Q4 24
$349.0K
$164.6M
Q3 24
$127.0K
$154.4M
Q2 24
$110.0K
$146.8M
Total Debt
KFRC
KFRC
MSA
MSA
Q1 26
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
Stockholders' Equity
KFRC
KFRC
MSA
MSA
Q1 26
$117.4M
Q4 25
$124.6M
$1.4B
Q3 25
$132.1M
$1.3B
Q2 25
$134.4M
$1.3B
Q1 25
$138.0M
$1.2B
Q4 24
$154.6M
$1.1B
Q3 24
$167.4M
$1.1B
Q2 24
$166.6M
$1.0B
Total Assets
KFRC
KFRC
MSA
MSA
Q1 26
$384.8M
Q4 25
$365.6M
$2.6B
Q3 25
$374.2M
$2.6B
Q2 25
$373.6M
$2.6B
Q1 25
$368.2M
$2.2B
Q4 24
$357.8M
$2.2B
Q3 24
$369.9M
$2.2B
Q2 24
$362.7M
$2.2B
Debt / Equity
KFRC
KFRC
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
KFRC
KFRC
MSA
MSA
Operating Cash FlowLast quarter
$122.4M
Free Cash FlowOCF − Capex
$-7.4M
$106.0M
FCF MarginFCF / Revenue
-2.2%
20.8%
Capex IntensityCapex / Revenue
1.0%
3.2%
Cash ConversionOCF / Net Profit
1.41×
TTM Free Cash FlowTrailing 4 quarters
$43.3M
$295.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KFRC
KFRC
MSA
MSA
Q1 26
Q4 25
$19.7M
$122.4M
Q3 25
$23.3M
$112.5M
Q2 25
$18.4M
$67.2M
Q1 25
$249.0K
$61.8M
Q4 24
$21.8M
$107.9M
Q3 24
$31.0M
$84.3M
Q2 24
$20.9M
$53.3M
Free Cash Flow
KFRC
KFRC
MSA
MSA
Q1 26
$-7.4M
Q4 25
$16.7M
$106.0M
Q3 25
$19.8M
$100.5M
Q2 25
$14.2M
$37.9M
Q1 25
$-3.9M
$51.0M
Q4 24
$20.9M
$93.5M
Q3 24
$27.5M
$70.1M
Q2 24
$17.8M
$39.0M
FCF Margin
KFRC
KFRC
MSA
MSA
Q1 26
-2.2%
Q4 25
5.0%
20.8%
Q3 25
6.0%
21.4%
Q2 25
4.3%
8.0%
Q1 25
-1.2%
12.1%
Q4 24
6.1%
18.7%
Q3 24
7.8%
16.2%
Q2 24
5.0%
8.4%
Capex Intensity
KFRC
KFRC
MSA
MSA
Q1 26
1.0%
Q4 25
0.9%
3.2%
Q3 25
1.1%
2.6%
Q2 25
1.2%
6.2%
Q1 25
1.3%
2.6%
Q4 24
0.3%
2.9%
Q3 24
1.0%
3.3%
Q2 24
0.9%
3.1%
Cash Conversion
KFRC
KFRC
MSA
MSA
Q1 26
Q4 25
3.82×
1.41×
Q3 25
2.11×
1.62×
Q2 25
1.76×
1.07×
Q1 25
0.03×
1.04×
Q4 24
1.97×
1.23×
Q3 24
2.18×
1.27×
Q2 24
1.48×
0.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KFRC
KFRC

Segment breakdown not available.

MSA
MSA

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

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