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Side-by-side financial comparison of KILROY REALTY CORP (KRC) 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 $272.2M, roughly 1.9× KILROY REALTY CORP). MSA Safety Inc runs the higher net margin — 17.0% vs 6.3%, a 10.7% gap on every dollar of revenue. On growth, MSA Safety Inc posted the faster year-over-year revenue change (2.2% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $106.0M). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs -1.2%).
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
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.
KRC vs MSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $272.2M | $510.9M |
| Net Profit | $17.1M | $86.9M |
| Gross Margin | — | 46.9% |
| Operating Margin | — | 22.3% |
| Net Margin | 6.3% | 17.0% |
| Revenue YoY | -5.0% | 2.2% |
| Net Profit YoY | -73.7% | -1.2% |
| EPS (diluted) | $0.11 | $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.
| Q4 25 | $272.2M | $510.9M | ||
| Q3 25 | $279.7M | $468.4M | ||
| Q2 25 | $289.9M | $474.1M | ||
| Q1 25 | $270.8M | $421.3M | ||
| Q4 24 | $286.4M | $499.7M | ||
| Q3 24 | $289.9M | $432.7M | ||
| Q2 24 | $280.7M | $462.5M | ||
| Q1 24 | $278.6M | $413.3M |
| Q4 25 | $17.1M | $86.9M | ||
| Q3 25 | $162.3M | $69.6M | ||
| Q2 25 | $79.6M | $62.8M | ||
| Q1 25 | $43.7M | $59.6M | ||
| Q4 24 | $65.0M | $87.9M | ||
| Q3 24 | $57.7M | $66.6M | ||
| Q2 24 | $54.5M | $72.2M | ||
| Q1 24 | $55.7M | $58.1M |
| 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% |
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | 20.1% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 18.5% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | 21.6% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | 6.3% | 17.0% | ||
| Q3 25 | 58.0% | 14.9% | ||
| Q2 25 | 27.4% | 13.2% | ||
| Q1 25 | 16.1% | 14.1% | ||
| Q4 24 | 22.7% | 17.6% | ||
| Q3 24 | 19.9% | 15.4% | ||
| Q2 24 | 19.4% | 15.6% | ||
| Q1 24 | 20.0% | 14.1% |
| Q4 25 | $0.11 | $2.22 | ||
| Q3 25 | $1.31 | $1.77 | ||
| Q2 25 | $0.57 | $1.59 | ||
| Q1 25 | $0.33 | $1.51 | ||
| Q4 24 | $0.50 | $2.22 | ||
| Q3 24 | $0.44 | $1.69 | ||
| Q2 24 | $0.41 | $1.83 | ||
| Q1 24 | $0.42 | $1.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $179.3M | $165.1M |
| Total DebtLower is stronger | — | $580.9M |
| Stockholders' EquityBook value | $5.4B | $1.4B |
| Total Assets | $10.9B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $179.3M | $165.1M | ||
| Q3 25 | $372.4M | $170.0M | ||
| Q2 25 | $193.1M | $147.0M | ||
| Q1 25 | $146.7M | $170.6M | ||
| Q4 24 | $165.7M | $164.6M | ||
| Q3 24 | $625.4M | $154.4M | ||
| Q2 24 | $835.9M | $146.8M | ||
| Q1 24 | $855.0M | $148.3M |
| 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 |
| Q4 25 | $5.4B | $1.4B | ||
| Q3 25 | $5.5B | $1.3B | ||
| Q2 25 | $5.4B | $1.3B | ||
| Q1 25 | $5.4B | $1.2B | ||
| Q4 24 | $5.4B | $1.1B | ||
| Q3 24 | $5.4B | $1.1B | ||
| Q2 24 | $5.4B | $1.0B | ||
| Q1 24 | $5.4B | $994.8M |
| Q4 25 | $10.9B | $2.6B | ||
| Q3 25 | $11.0B | $2.6B | ||
| Q2 25 | $10.9B | $2.6B | ||
| Q1 25 | $10.9B | $2.2B | ||
| Q4 24 | $10.9B | $2.2B | ||
| Q3 24 | $11.4B | $2.2B | ||
| Q2 24 | $11.5B | $2.2B | ||
| Q1 24 | $11.6B | $2.2B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $566.3M | $122.4M |
| Free Cash FlowOCF − Capex | $450.3M | $106.0M |
| FCF MarginFCF / Revenue | 165.4% | 20.8% |
| Capex IntensityCapex / Revenue | 42.6% | 3.2% |
| Cash ConversionOCF / Net Profit | 33.10× | 1.41× |
| TTM Free Cash FlowTrailing 4 quarters | $833.0M | $295.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $566.3M | $122.4M | ||
| Q3 25 | $176.6M | $112.5M | ||
| Q2 25 | $143.7M | $67.2M | ||
| Q1 25 | $136.9M | $61.8M | ||
| Q4 24 | $541.1M | $107.9M | ||
| Q3 24 | $176.3M | $84.3M | ||
| Q2 24 | $88.7M | $53.3M | ||
| Q1 24 | $167.9M | $50.9M |
| Q4 25 | $450.3M | $106.0M | ||
| Q3 25 | $148.7M | $100.5M | ||
| Q2 25 | $118.4M | $37.9M | ||
| Q1 25 | $115.6M | $51.0M | ||
| Q4 24 | $440.8M | $93.5M | ||
| Q3 24 | $147.2M | $70.1M | ||
| Q2 24 | $69.5M | $39.0M | ||
| Q1 24 | $151.9M | $39.7M |
| Q4 25 | 165.4% | 20.8% | ||
| Q3 25 | 53.1% | 21.4% | ||
| Q2 25 | 40.9% | 8.0% | ||
| Q1 25 | 42.7% | 12.1% | ||
| Q4 24 | 153.9% | 18.7% | ||
| Q3 24 | 50.8% | 16.2% | ||
| Q2 24 | 24.7% | 8.4% | ||
| Q1 24 | 54.5% | 9.6% |
| Q4 25 | 42.6% | 3.2% | ||
| Q3 25 | 10.0% | 2.6% | ||
| Q2 25 | 8.7% | 6.2% | ||
| Q1 25 | 7.9% | 2.6% | ||
| Q4 24 | 35.0% | 2.9% | ||
| Q3 24 | 10.1% | 3.3% | ||
| Q2 24 | 6.8% | 3.1% | ||
| Q1 24 | 5.7% | 2.7% |
| Q4 25 | 33.10× | 1.41× | ||
| Q3 25 | 1.09× | 1.62× | ||
| Q2 25 | 1.81× | 1.07× | ||
| Q1 25 | 3.13× | 1.04× | ||
| Q4 24 | 8.32× | 1.23× | ||
| Q3 24 | 3.06× | 1.27× | ||
| Q2 24 | 1.63× | 0.74× | ||
| Q1 24 | 3.01× | 0.88× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KRC
Segment breakdown not available.
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
