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Side-by-side financial comparison of Magnolia Oil & Gas Corp (MGY) 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 $317.6M, roughly 1.6× Magnolia Oil & Gas Corp). Magnolia Oil & Gas Corp runs the higher net margin — 21.6% vs 17.0%, a 4.6% gap on every dollar of revenue. On growth, MSA Safety Inc posted the faster year-over-year revenue change (2.2% vs -2.7%). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs -0.3%).

Imperial Oil Limited is a Canadian petroleum company. It is Canada's second-largest integrated oil company that is also occasionally known as Imperial Esso. It is majority-owned by American oil company ExxonMobil, with a 69.6% ownership stake in the company. It is a producer of crude oil, diluted bitumen, and natural gas. Imperial Oil is one of Canada's major petroleum refiners and petrochemical producers. It supplies Esso-brand service stations.

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.

MGY vs MSA — Head-to-Head

Bigger by revenue
MSA
MSA
1.6× larger
MSA
$510.9M
$317.6M
MGY
Growing faster (revenue YoY)
MSA
MSA
+5.0% gap
MSA
2.2%
-2.7%
MGY
Higher net margin
MGY
MGY
4.6% more per $
MGY
21.6%
17.0%
MSA
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
-0.3%
MGY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MGY
MGY
MSA
MSA
Revenue
$317.6M
$510.9M
Net Profit
$68.8M
$86.9M
Gross Margin
46.9%
Operating Margin
29.6%
22.3%
Net Margin
21.6%
17.0%
Revenue YoY
-2.7%
2.2%
Net Profit YoY
-19.7%
-1.2%
EPS (diluted)
$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
MGY
MGY
MSA
MSA
Q4 25
$317.6M
$510.9M
Q3 25
$324.9M
$468.4M
Q2 25
$319.0M
$474.1M
Q1 25
$350.3M
$421.3M
Q4 24
$326.6M
$499.7M
Q3 24
$333.1M
$432.7M
Q2 24
$336.7M
$462.5M
Q1 24
$319.4M
$413.3M
Net Profit
MGY
MGY
MSA
MSA
Q4 25
$68.8M
$86.9M
Q3 25
$75.5M
$69.6M
Q2 25
$78.1M
$62.8M
Q1 25
$102.9M
$59.6M
Q4 24
$85.6M
$87.9M
Q3 24
$99.8M
$66.6M
Q2 24
$95.6M
$72.2M
Q1 24
$85.1M
$58.1M
Gross Margin
MGY
MGY
MSA
MSA
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%
Operating Margin
MGY
MGY
MSA
MSA
Q4 25
29.6%
22.3%
Q3 25
31.2%
20.1%
Q2 25
33.8%
18.1%
Q1 25
38.8%
18.5%
Q4 24
38.0%
23.5%
Q3 24
38.7%
21.1%
Q2 24
39.9%
21.6%
Q1 24
39.0%
19.4%
Net Margin
MGY
MGY
MSA
MSA
Q4 25
21.6%
17.0%
Q3 25
23.2%
14.9%
Q2 25
24.5%
13.2%
Q1 25
29.4%
14.1%
Q4 24
26.2%
17.6%
Q3 24
30.0%
15.4%
Q2 24
28.4%
15.6%
Q1 24
26.6%
14.1%
EPS (diluted)
MGY
MGY
MSA
MSA
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
Q1 24
$1.47

Balance Sheet & Financial Strength

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

Metric
MGY
MGY
MSA
MSA
Cash + ST InvestmentsLiquidity on hand
$266.8M
$165.1M
Total DebtLower is stronger
$393.3M
$580.9M
Stockholders' EquityBook value
$2.0B
$1.4B
Total Assets
$2.9B
$2.6B
Debt / EquityLower = less leverage
0.20×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGY
MGY
MSA
MSA
Q4 25
$266.8M
$165.1M
Q3 25
$280.5M
$170.0M
Q2 25
$251.8M
$147.0M
Q1 25
$247.6M
$170.6M
Q4 24
$260.0M
$164.6M
Q3 24
$276.1M
$154.4M
Q2 24
$275.7M
$146.8M
Q1 24
$399.3M
$148.3M
Total Debt
MGY
MGY
MSA
MSA
Q4 25
$393.3M
$580.9M
Q3 25
$393.1M
$628.6M
Q2 25
$392.9M
$679.3M
Q1 25
$392.7M
$502.1M
Q4 24
$392.5M
$508.0M
Q3 24
$394.8M
$554.7M
Q2 24
$394.1M
$588.2M
Q1 24
$393.5M
$596.2M
Stockholders' Equity
MGY
MGY
MSA
MSA
Q4 25
$2.0B
$1.4B
Q3 25
$2.0B
$1.3B
Q2 25
$2.0B
$1.3B
Q1 25
$2.0B
$1.2B
Q4 24
$2.0B
$1.1B
Q3 24
$2.0B
$1.1B
Q2 24
$1.9B
$1.0B
Q1 24
$1.9B
$994.8M
Total Assets
MGY
MGY
MSA
MSA
Q4 25
$2.9B
$2.6B
Q3 25
$2.9B
$2.6B
Q2 25
$2.9B
$2.6B
Q1 25
$2.9B
$2.2B
Q4 24
$2.8B
$2.2B
Q3 24
$2.8B
$2.2B
Q2 24
$2.8B
$2.2B
Q1 24
$2.8B
$2.2B
Debt / Equity
MGY
MGY
MSA
MSA
Q4 25
0.20×
0.42×
Q3 25
0.20×
0.48×
Q2 25
0.20×
0.54×
Q1 25
0.20×
0.42×
Q4 24
0.20×
0.44×
Q3 24
0.20×
0.51×
Q2 24
0.21×
0.57×
Q1 24
0.21×
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
MGY
MGY
MSA
MSA
Operating Cash FlowLast quarter
$208.4M
$122.4M
Free Cash FlowOCF − Capex
$106.0M
FCF MarginFCF / Revenue
20.8%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
3.03×
1.41×
TTM Free Cash FlowTrailing 4 quarters
$295.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MGY
MGY
MSA
MSA
Q4 25
$208.4M
$122.4M
Q3 25
$247.1M
$112.5M
Q2 25
$198.7M
$67.2M
Q1 25
$224.5M
$61.8M
Q4 24
$222.6M
$107.9M
Q3 24
$217.9M
$84.3M
Q2 24
$269.4M
$53.3M
Q1 24
$210.9M
$50.9M
Free Cash Flow
MGY
MGY
MSA
MSA
Q4 25
$106.0M
Q3 25
$100.5M
Q2 25
$37.9M
Q1 25
$51.0M
Q4 24
$93.5M
Q3 24
$70.1M
Q2 24
$39.0M
Q1 24
$39.7M
FCF Margin
MGY
MGY
MSA
MSA
Q4 25
20.8%
Q3 25
21.4%
Q2 25
8.0%
Q1 25
12.1%
Q4 24
18.7%
Q3 24
16.2%
Q2 24
8.4%
Q1 24
9.6%
Capex Intensity
MGY
MGY
MSA
MSA
Q4 25
3.2%
Q3 25
2.6%
Q2 25
6.2%
Q1 25
2.6%
Q4 24
2.9%
Q3 24
3.3%
Q2 24
3.1%
Q1 24
2.7%
Cash Conversion
MGY
MGY
MSA
MSA
Q4 25
3.03×
1.41×
Q3 25
3.27×
1.62×
Q2 25
2.54×
1.07×
Q1 25
2.18×
1.04×
Q4 24
2.60×
1.23×
Q3 24
2.18×
1.27×
Q2 24
2.82×
0.74×
Q1 24
2.48×
0.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MGY
MGY

Oil And Condensate$215.6M68%
Natural Gas Reserves$52.9M17%
Natural Gas Liquids Reserves$49.1M15%

MSA
MSA

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

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