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Side-by-side financial comparison of MSA Safety Inc (MSA) and Enpro Inc. (NPO). Click either name above to swap in a different company.
MSA Safety Inc is the larger business by last-quarter revenue ($510.9M vs $295.4M, roughly 1.7× Enpro Inc.). MSA Safety Inc runs the higher net margin — 17.0% vs -10.8%, a 27.8% gap on every dollar of revenue. On growth, Enpro Inc. posted the faster year-over-year revenue change (14.3% vs 2.2%). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs 7.1%).
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.
Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...
MSA vs NPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $510.9M | $295.4M |
| Net Profit | $86.9M | $-32.0M |
| Gross Margin | 46.9% | 42.1% |
| Operating Margin | 22.3% | 11.2% |
| Net Margin | 17.0% | -10.8% |
| Revenue YoY | 2.2% | 14.3% |
| Net Profit YoY | -1.2% | -330.2% |
| EPS (diluted) | $2.22 | $-1.50 |
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 | $295.4M | ||
| Q3 25 | $468.4M | $286.6M | ||
| Q2 25 | $474.1M | $288.1M | ||
| Q1 25 | $421.3M | $273.2M | ||
| Q4 24 | $499.7M | $258.4M | ||
| Q3 24 | $432.7M | $260.9M | ||
| Q2 24 | $462.5M | $271.9M | ||
| Q1 24 | $413.3M | $257.5M |
| Q4 25 | $86.9M | $-32.0M | ||
| Q3 25 | $69.6M | $21.6M | ||
| Q2 25 | $62.8M | $26.4M | ||
| Q1 25 | $59.6M | $24.5M | ||
| Q4 24 | $87.9M | $13.9M | ||
| Q3 24 | $66.6M | $19.8M | ||
| Q2 24 | $72.2M | $26.7M | ||
| Q1 24 | $58.1M | $12.5M |
| Q4 25 | 46.9% | 42.1% | ||
| Q3 25 | 46.5% | 41.9% | ||
| Q2 25 | 46.6% | 43.3% | ||
| Q1 25 | 45.9% | 43.3% | ||
| Q4 24 | 46.9% | 42.3% | ||
| Q3 24 | 47.9% | 42.3% | ||
| Q2 24 | 48.2% | 43.8% | ||
| Q1 24 | 47.3% | 41.2% |
| Q4 25 | 22.3% | 11.2% | ||
| Q3 25 | 20.1% | 14.3% | ||
| Q2 25 | 18.1% | 15.9% | ||
| Q1 25 | 18.5% | 15.3% | ||
| Q4 24 | 23.5% | 12.5% | ||
| Q3 24 | 21.1% | 13.1% | ||
| Q2 24 | 21.6% | 17.7% | ||
| Q1 24 | 19.4% | 10.9% |
| Q4 25 | 17.0% | -10.8% | ||
| Q3 25 | 14.9% | 7.5% | ||
| Q2 25 | 13.2% | 9.2% | ||
| Q1 25 | 14.1% | 9.0% | ||
| Q4 24 | 17.6% | 5.4% | ||
| Q3 24 | 15.4% | 7.6% | ||
| Q2 24 | 15.6% | 9.8% | ||
| Q1 24 | 14.1% | 4.9% |
| Q4 25 | $2.22 | $-1.50 | ||
| Q3 25 | $1.77 | $1.01 | ||
| Q2 25 | $1.59 | $1.25 | ||
| Q1 25 | $1.51 | $1.15 | ||
| Q4 24 | $2.22 | $0.65 | ||
| Q3 24 | $1.69 | $0.94 | ||
| Q2 24 | $1.83 | $1.27 | ||
| Q1 24 | $1.47 | $0.59 |
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 | $114.7M |
| Total DebtLower is stronger | $580.9M | $655.3M |
| Stockholders' EquityBook value | $1.4B | $1.5B |
| Total Assets | $2.6B | $2.7B |
| Debt / EquityLower = less leverage | 0.42× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $165.1M | $114.7M | ||
| Q3 25 | $170.0M | $132.9M | ||
| Q2 25 | $147.0M | $107.1M | ||
| Q1 25 | $170.6M | $240.3M | ||
| Q4 24 | $164.6M | $236.3M | ||
| Q3 24 | $154.4M | $206.9M | ||
| Q2 24 | $146.8M | $175.9M | ||
| Q1 24 | $148.3M | $163.9M |
| Q4 25 | $580.9M | $655.3M | ||
| Q3 25 | $628.6M | — | ||
| Q2 25 | $679.3M | — | ||
| Q1 25 | $502.1M | — | ||
| Q4 24 | $508.0M | $640.1M | ||
| Q3 24 | $554.7M | — | ||
| Q2 24 | $588.2M | — | ||
| Q1 24 | $596.2M | $644.9M |
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.0B | $1.4B | ||
| Q1 24 | $994.8M | $1.4B |
| Q4 25 | $2.6B | $2.7B | ||
| Q3 25 | $2.6B | $2.4B | ||
| Q2 25 | $2.6B | $2.4B | ||
| Q1 25 | $2.2B | $2.5B | ||
| Q4 24 | $2.2B | $2.5B | ||
| Q3 24 | $2.2B | $2.5B | ||
| Q2 24 | $2.2B | $2.5B | ||
| Q1 24 | $2.2B | $2.5B |
| Q4 25 | 0.42× | 0.42× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.42× | — | ||
| Q4 24 | 0.44× | 0.45× | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.60× | 0.46× |
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 | — |
| Free Cash FlowOCF − Capex | $106.0M | — |
| FCF MarginFCF / Revenue | 20.8% | — |
| Capex IntensityCapex / Revenue | 3.2% | 4.1% |
| Cash ConversionOCF / Net Profit | 1.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $295.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $122.4M | — | ||
| Q3 25 | $112.5M | $65.3M | ||
| Q2 25 | $67.2M | $52.2M | ||
| Q1 25 | $61.8M | $21.0M | ||
| Q4 24 | $107.9M | $59.4M | ||
| Q3 24 | $84.3M | $54.0M | ||
| Q2 24 | $53.3M | $43.2M | ||
| Q1 24 | $50.9M | $6.3M |
| Q4 25 | $106.0M | — | ||
| Q3 25 | $100.5M | $53.4M | ||
| Q2 25 | $37.9M | $42.3M | ||
| Q1 25 | $51.0M | $13.0M | ||
| Q4 24 | $93.5M | $49.1M | ||
| Q3 24 | $70.1M | $48.3M | ||
| Q2 24 | $39.0M | $38.3M | ||
| Q1 24 | $39.7M | $-1.9M |
| Q4 25 | 20.8% | — | ||
| Q3 25 | 21.4% | 18.6% | ||
| Q2 25 | 8.0% | 14.7% | ||
| Q1 25 | 12.1% | 4.8% | ||
| Q4 24 | 18.7% | 19.0% | ||
| Q3 24 | 16.2% | 18.5% | ||
| Q2 24 | 8.4% | 14.1% | ||
| Q1 24 | 9.6% | -0.7% |
| Q4 25 | 3.2% | 4.1% | ||
| Q3 25 | 2.6% | 4.2% | ||
| Q2 25 | 6.2% | 3.4% | ||
| Q1 25 | 2.6% | 2.9% | ||
| Q4 24 | 2.9% | 4.0% | ||
| Q3 24 | 3.3% | 2.2% | ||
| Q2 24 | 3.1% | 1.8% | ||
| Q1 24 | 2.7% | 3.2% |
| Q4 25 | 1.41× | — | ||
| Q3 25 | 1.62× | 3.02× | ||
| Q2 25 | 1.07× | 1.98× | ||
| Q1 25 | 1.04× | 0.86× | ||
| Q4 24 | 1.23× | 4.27× | ||
| Q3 24 | 1.27× | 2.73× | ||
| Q2 24 | 0.74× | 1.62× | ||
| Q1 24 | 0.88× | 0.50× |
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% |
NPO
| Sealing Technologies Segment | $187.0M | 63% |
| General Industrial | $71.3M | 24% |
| Power Generation | $19.9M | 7% |
| Oiland Gas Market | $15.0M | 5% |
| Semiconductors | $2.2M | 1% |
