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Side-by-side financial comparison of MSA Safety Inc (MSA) and Noble Corp plc (NE). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $510.9M, roughly 1.5× MSA Safety Inc). MSA Safety Inc runs the higher net margin — 17.0% vs 11.3%, a 5.7% gap on every dollar of revenue. On growth, MSA Safety Inc posted the faster year-over-year revenue change (2.2% vs -17.6%). MSA Safety Inc produced more free cash flow last quarter ($106.0M vs $35.4M). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs 9.5%).
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.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
MSA vs NE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $510.9M | $764.4M |
| Net Profit | $86.9M | $86.6M |
| Gross Margin | 46.9% | — |
| Operating Margin | 22.3% | 5.6% |
| Net Margin | 17.0% | 11.3% |
| Revenue YoY | 2.2% | -17.6% |
| Net Profit YoY | -1.2% | -10.4% |
| EPS (diluted) | $2.22 | $0.54 |
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 | $510.9M | $764.4M | ||
| Q3 25 | $468.4M | $798.0M | ||
| Q2 25 | $474.1M | $848.7M | ||
| Q1 25 | $421.3M | $874.5M | ||
| Q4 24 | $499.7M | $927.3M | ||
| Q3 24 | $432.7M | $800.5M | ||
| Q2 24 | $462.5M | $692.8M | ||
| Q1 24 | $413.3M | $637.1M |
| Q4 25 | $86.9M | $86.6M | ||
| Q3 25 | $69.6M | $-21.1M | ||
| Q2 25 | $62.8M | $42.9M | ||
| Q1 25 | $59.6M | $108.3M | ||
| Q4 24 | $87.9M | $96.6M | ||
| Q3 24 | $66.6M | $61.2M | ||
| Q2 24 | $72.2M | $195.0M | ||
| Q1 24 | $58.1M | $95.5M |
| 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% | 5.6% | ||
| Q3 25 | 20.1% | 6.3% | ||
| Q2 25 | 18.1% | 15.9% | ||
| Q1 25 | 18.5% | 21.4% | ||
| Q4 24 | 23.5% | 18.4% | ||
| Q3 24 | 21.1% | 14.4% | ||
| Q2 24 | 21.6% | 30.3% | ||
| Q1 24 | 19.4% | 16.9% |
| Q4 25 | 17.0% | 11.3% | ||
| Q3 25 | 14.9% | -2.6% | ||
| Q2 25 | 13.2% | 5.1% | ||
| Q1 25 | 14.1% | 12.4% | ||
| Q4 24 | 17.6% | 10.4% | ||
| Q3 24 | 15.4% | 7.6% | ||
| Q2 24 | 15.6% | 28.1% | ||
| Q1 24 | 14.1% | 15.0% |
| Q4 25 | $2.22 | $0.54 | ||
| Q3 25 | $1.77 | $-0.13 | ||
| Q2 25 | $1.59 | $0.27 | ||
| Q1 25 | $1.51 | $0.67 | ||
| Q4 24 | $2.22 | $0.56 | ||
| Q3 24 | $1.69 | $0.40 | ||
| Q2 24 | $1.83 | $1.34 | ||
| Q1 24 | $1.47 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $165.1M | $471.4M |
| Total DebtLower is stronger | $580.9M | — |
| Stockholders' EquityBook value | $1.4B | $4.5B |
| Total Assets | $2.6B | $7.5B |
| Debt / EquityLower = less leverage | 0.42× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $165.1M | $471.4M | ||
| Q3 25 | $170.0M | $477.9M | ||
| Q2 25 | $147.0M | $338.2M | ||
| Q1 25 | $170.6M | $303.8M | ||
| Q4 24 | $164.6M | $247.3M | ||
| Q3 24 | $154.4M | $391.9M | ||
| Q2 24 | $146.8M | $162.9M | ||
| Q1 24 | $148.3M | $212.5M |
| 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 | $1.4B | $4.5B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.3B | $4.6B | ||
| Q1 25 | $1.2B | $4.7B | ||
| Q4 24 | $1.1B | $4.7B | ||
| Q3 24 | $1.1B | $4.7B | ||
| Q2 24 | $1.0B | $4.0B | ||
| Q1 24 | $994.8M | $3.9B |
| Q4 25 | $2.6B | $7.5B | ||
| Q3 25 | $2.6B | $7.6B | ||
| Q2 25 | $2.6B | $7.7B | ||
| Q1 25 | $2.2B | $7.9B | ||
| Q4 24 | $2.2B | $8.0B | ||
| Q3 24 | $2.2B | $8.0B | ||
| Q2 24 | $2.2B | $5.6B | ||
| Q1 24 | $2.2B | $5.4B |
| 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 | $122.4M | $187.1M |
| Free Cash FlowOCF − Capex | $106.0M | $35.4M |
| FCF MarginFCF / Revenue | 20.8% | 4.6% |
| Capex IntensityCapex / Revenue | 3.2% | 19.9% |
| Cash ConversionOCF / Net Profit | 1.41× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $295.4M | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $122.4M | $187.1M | ||
| Q3 25 | $112.5M | $277.1M | ||
| Q2 25 | $67.2M | $216.4M | ||
| Q1 25 | $61.8M | $271.1M | ||
| Q4 24 | $107.9M | $136.2M | ||
| Q3 24 | $84.3M | $283.8M | ||
| Q2 24 | $53.3M | $106.8M | ||
| Q1 24 | $50.9M | $128.7M |
| Q4 25 | $106.0M | $35.4M | ||
| Q3 25 | $100.5M | $139.5M | ||
| Q2 25 | $37.9M | $99.8M | ||
| Q1 25 | $51.0M | $157.5M | ||
| Q4 24 | $93.5M | $-4.4M | ||
| Q3 24 | $70.1M | $156.8M | ||
| Q2 24 | $39.0M | $-34.3M | ||
| Q1 24 | $39.7M | $-37.9M |
| Q4 25 | 20.8% | 4.6% | ||
| Q3 25 | 21.4% | 17.5% | ||
| Q2 25 | 8.0% | 11.8% | ||
| Q1 25 | 12.1% | 18.0% | ||
| Q4 24 | 18.7% | -0.5% | ||
| Q3 24 | 16.2% | 19.6% | ||
| Q2 24 | 8.4% | -4.9% | ||
| Q1 24 | 9.6% | -6.0% |
| Q4 25 | 3.2% | 19.9% | ||
| Q3 25 | 2.6% | 17.3% | ||
| Q2 25 | 6.2% | 13.7% | ||
| Q1 25 | 2.6% | 13.0% | ||
| Q4 24 | 2.9% | 15.2% | ||
| Q3 24 | 3.3% | 15.9% | ||
| Q2 24 | 3.1% | 20.4% | ||
| Q1 24 | 2.7% | 26.2% |
| Q4 25 | 1.41× | 2.16× | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 1.07× | 5.05× | ||
| Q1 25 | 1.04× | 2.50× | ||
| Q4 24 | 1.23× | 1.41× | ||
| Q3 24 | 1.27× | 4.64× | ||
| Q2 24 | 0.74× | 0.55× | ||
| Q1 24 | 0.88× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
