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Side-by-side financial comparison of Kimco Realty (KIM) and MSA Safety Inc (MSA). Click either name above to swap in a different company.

Kimco Realty is the larger business by last-quarter revenue ($558.0M vs $510.9M, roughly 1.1× MSA Safety Inc). Kimco Realty runs the higher net margin — 29.8% vs 17.0%, a 12.8% gap on every dollar of revenue. On growth, Kimco Realty posted the faster year-over-year revenue change (4.0% vs 2.2%). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs 5.6%).

Kimco Realty Corporation, headquartered in Jericho, New York, is a real estate investment trust that invests in shopping centers.

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.

KIM vs MSA — Head-to-Head

Bigger by revenue
KIM
KIM
1.1× larger
KIM
$558.0M
$510.9M
MSA
Growing faster (revenue YoY)
KIM
KIM
+1.7% gap
KIM
4.0%
2.2%
MSA
Higher net margin
KIM
KIM
12.8% more per $
KIM
29.8%
17.0%
MSA
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
5.6%
KIM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
KIM
KIM
MSA
MSA
Revenue
$558.0M
$510.9M
Net Profit
$166.3M
$86.9M
Gross Margin
46.9%
Operating Margin
37.2%
22.3%
Net Margin
29.8%
17.0%
Revenue YoY
4.0%
2.2%
Net Profit YoY
23.7%
-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
KIM
KIM
MSA
MSA
Q1 26
$558.0M
Q4 25
$542.5M
$510.9M
Q3 25
$535.9M
$468.4M
Q2 25
$525.2M
$474.1M
Q1 25
$536.6M
$421.3M
Q4 24
$525.4M
$499.7M
Q3 24
$507.6M
$432.7M
Q2 24
$500.2M
$462.5M
Net Profit
KIM
KIM
MSA
MSA
Q1 26
$166.3M
Q4 25
$151.2M
$86.9M
Q3 25
$137.8M
$69.6M
Q2 25
$163.0M
$62.8M
Q1 25
$132.8M
$59.6M
Q4 24
$166.0M
$87.9M
Q3 24
$136.0M
$66.6M
Q2 24
$119.7M
$72.2M
Gross Margin
KIM
KIM
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
KIM
KIM
MSA
MSA
Q1 26
37.2%
Q4 25
36.4%
22.3%
Q3 25
34.9%
20.1%
Q2 25
39.2%
18.1%
Q1 25
33.6%
18.5%
Q4 24
31.7%
23.5%
Q3 24
33.7%
21.1%
Q2 24
32.1%
21.6%
Net Margin
KIM
KIM
MSA
MSA
Q1 26
29.8%
Q4 25
27.9%
17.0%
Q3 25
25.7%
14.9%
Q2 25
31.0%
13.2%
Q1 25
24.8%
14.1%
Q4 24
31.6%
17.6%
Q3 24
26.8%
15.4%
Q2 24
23.9%
15.6%
EPS (diluted)
KIM
KIM
MSA
MSA
Q1 26
$0.46
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

Balance Sheet & Financial Strength

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

Metric
KIM
KIM
MSA
MSA
Cash + ST InvestmentsLiquidity on hand
$165.1M
Total DebtLower is stronger
$580.9M
Stockholders' EquityBook value
$10.4B
$1.4B
Total Assets
$19.6B
$2.6B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KIM
KIM
MSA
MSA
Q1 26
Q4 25
$211.6M
$165.1M
Q3 25
$159.3M
$170.0M
Q2 25
$226.6M
$147.0M
Q1 25
$131.3M
$170.6M
Q4 24
$688.6M
$164.6M
Q3 24
$789.0M
$154.4M
Q2 24
$126.4M
$146.8M
Total Debt
KIM
KIM
MSA
MSA
Q1 26
Q4 25
$7.7B
$580.9M
Q3 25
$628.6M
Q2 25
$679.3M
Q1 25
$502.1M
Q4 24
$8.0B
$508.0M
Q3 24
$554.7M
Q2 24
$588.2M
Stockholders' Equity
KIM
KIM
MSA
MSA
Q1 26
$10.4B
Q4 25
$10.4B
$1.4B
Q3 25
$10.5B
$1.3B
Q2 25
$10.5B
$1.3B
Q1 25
$10.6B
$1.2B
Q4 24
$10.7B
$1.1B
Q3 24
$10.5B
$1.1B
Q2 24
$10.6B
$1.0B
Total Assets
KIM
KIM
MSA
MSA
Q1 26
$19.6B
Q4 25
$19.7B
$2.6B
Q3 25
$19.9B
$2.6B
Q2 25
$19.8B
$2.6B
Q1 25
$19.7B
$2.2B
Q4 24
$20.3B
$2.2B
Q3 24
$20.1B
$2.2B
Q2 24
$19.5B
$2.2B
Debt / Equity
KIM
KIM
MSA
MSA
Q1 26
Q4 25
0.74×
0.42×
Q3 25
0.48×
Q2 25
0.54×
Q1 25
0.42×
Q4 24
0.75×
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
KIM
KIM
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
KIM
KIM
MSA
MSA
Q1 26
Q4 25
$258.4M
$122.4M
Q3 25
$332.4M
$112.5M
Q2 25
$305.4M
$67.2M
Q1 25
$223.8M
$61.8M
Q4 24
$239.5M
$107.9M
Q3 24
$295.9M
$84.3M
Q2 24
$294.1M
$53.3M
Free Cash Flow
KIM
KIM
MSA
MSA
Q1 26
Q4 25
$106.0M
Q3 25
$100.5M
Q2 25
$37.9M
Q1 25
$205.4M
$51.0M
Q4 24
$93.5M
Q3 24
$70.1M
Q2 24
$39.0M
FCF Margin
KIM
KIM
MSA
MSA
Q1 26
Q4 25
20.8%
Q3 25
21.4%
Q2 25
8.0%
Q1 25
38.3%
12.1%
Q4 24
18.7%
Q3 24
16.2%
Q2 24
8.4%
Capex Intensity
KIM
KIM
MSA
MSA
Q1 26
Q4 25
0.0%
3.2%
Q3 25
0.0%
2.6%
Q2 25
0.0%
6.2%
Q1 25
3.4%
2.6%
Q4 24
2.9%
Q3 24
3.3%
Q2 24
3.1%
Cash Conversion
KIM
KIM
MSA
MSA
Q1 26
Q4 25
1.71×
1.41×
Q3 25
2.41×
1.62×
Q2 25
1.87×
1.07×
Q1 25
1.69×
1.04×
Q4 24
1.44×
1.23×
Q3 24
2.18×
1.27×
Q2 24
2.46×
0.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KIM
KIM

Revenues from rental properties, net$552.8M99%
Management and other fee income$5.2M1%

MSA
MSA

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

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