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Side-by-side financial comparison of MSA Safety Inc (MSA) and Pebblebrook Hotel Trust (PEB). Click either name above to swap in a different company.

MSA Safety Inc is the larger business by last-quarter revenue ($510.9M vs $345.7M, roughly 1.5× Pebblebrook Hotel Trust). MSA Safety Inc runs the higher net margin — 17.0% vs -5.3%, a 22.3% gap on every dollar of revenue. On growth, Pebblebrook Hotel Trust posted the faster year-over-year revenue change (7.9% vs 2.2%). Pebblebrook Hotel Trust produced more free cash flow last quarter ($114.5M vs $106.0M). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs -6.7%).

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.

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) that owns, manages, and invests in upscale, luxury, and boutique hotel properties primarily across major urban and leisure destinations in the United States. Its portfolio caters to both business and leisure travelers, focusing on high-demand markets to deliver long-term value for stakeholders.

MSA vs PEB — Head-to-Head

Bigger by revenue
MSA
MSA
1.5× larger
MSA
$510.9M
$345.7M
PEB
Growing faster (revenue YoY)
PEB
PEB
+5.7% gap
PEB
7.9%
2.2%
MSA
Higher net margin
MSA
MSA
22.3% more per $
MSA
17.0%
-5.3%
PEB
More free cash flow
PEB
PEB
$8.5M more FCF
PEB
$114.5M
$106.0M
MSA
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
-6.7%
PEB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MSA
MSA
PEB
PEB
Revenue
$510.9M
$345.7M
Net Profit
$86.9M
$-18.4M
Gross Margin
46.9%
Operating Margin
22.3%
2.3%
Net Margin
17.0%
-5.3%
Revenue YoY
2.2%
7.9%
Net Profit YoY
-1.2%
31.8%
EPS (diluted)
$2.22
$-0.26

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
MSA
MSA
PEB
PEB
Q1 26
$345.7M
Q4 25
$510.9M
$349.0M
Q3 25
$468.4M
$398.7M
Q2 25
$474.1M
$407.5M
Q1 25
$421.3M
$320.3M
Q4 24
$499.7M
$337.6M
Q3 24
$432.7M
$404.5M
Q2 24
$462.5M
$397.1M
Net Profit
MSA
MSA
PEB
PEB
Q1 26
$-18.4M
Q4 25
$86.9M
$-17.9M
Q3 25
$69.6M
$-33.1M
Q2 25
$62.8M
$18.1M
Q1 25
$59.6M
$-32.9M
Q4 24
$87.9M
$-50.5M
Q3 24
$66.6M
$43.7M
Q2 24
$72.2M
$30.9M
Gross Margin
MSA
MSA
PEB
PEB
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
MSA
MSA
PEB
PEB
Q1 26
2.3%
Q4 25
22.3%
2.5%
Q3 25
20.1%
-2.6%
Q2 25
18.1%
12.9%
Q1 25
18.5%
-2.3%
Q4 24
23.5%
-6.7%
Q3 24
21.1%
11.6%
Q2 24
21.6%
15.4%
Net Margin
MSA
MSA
PEB
PEB
Q1 26
-5.3%
Q4 25
17.0%
-5.1%
Q3 25
14.9%
-8.3%
Q2 25
13.2%
4.4%
Q1 25
14.1%
-10.3%
Q4 24
17.6%
-15.0%
Q3 24
15.4%
10.8%
Q2 24
15.6%
7.8%
EPS (diluted)
MSA
MSA
PEB
PEB
Q1 26
$-0.26
Q4 25
$2.22
$-0.22
Q3 25
$1.77
$-0.37
Q2 25
$1.59
$0.06
Q1 25
$1.51
$-0.37
Q4 24
$2.22
$-0.47
Q3 24
$1.69
$0.24
Q2 24
$1.83
$0.16

Balance Sheet & Financial Strength

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

Metric
MSA
MSA
PEB
PEB
Cash + ST InvestmentsLiquidity on hand
$165.1M
$196.2M
Total DebtLower is stronger
$580.9M
Stockholders' EquityBook value
$1.4B
$2.4B
Total Assets
$2.6B
$5.3B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSA
MSA
PEB
PEB
Q1 26
$196.2M
Q4 25
$165.1M
$184.2M
Q3 25
$170.0M
$223.2M
Q2 25
$147.0M
$256.1M
Q1 25
$170.6M
$208.1M
Q4 24
$164.6M
$206.7M
Q3 24
$154.4M
$134.0M
Q2 24
$146.8M
$101.7M
Total Debt
MSA
MSA
PEB
PEB
Q1 26
Q4 25
$580.9M
$2.1B
Q3 25
$628.6M
$2.2B
Q2 25
$679.3M
$2.2B
Q1 25
$502.1M
$2.2B
Q4 24
$508.0M
$2.2B
Q3 24
$554.7M
$2.2B
Q2 24
$588.2M
$2.2B
Stockholders' Equity
MSA
MSA
PEB
PEB
Q1 26
$2.4B
Q4 25
$1.4B
$2.5B
Q3 25
$1.3B
$2.5B
Q2 25
$1.3B
$2.6B
Q1 25
$1.2B
$2.6B
Q4 24
$1.1B
$2.7B
Q3 24
$1.1B
$2.8B
Q2 24
$1.0B
$2.7B
Total Assets
MSA
MSA
PEB
PEB
Q1 26
$5.3B
Q4 25
$2.6B
$5.3B
Q3 25
$2.6B
$5.6B
Q2 25
$2.6B
$5.7B
Q1 25
$2.2B
$5.7B
Q4 24
$2.2B
$5.7B
Q3 24
$2.2B
$5.7B
Q2 24
$2.2B
$5.7B
Debt / Equity
MSA
MSA
PEB
PEB
Q1 26
Q4 25
0.42×
0.86×
Q3 25
0.48×
0.89×
Q2 25
0.54×
0.85×
Q1 25
0.42×
0.85×
Q4 24
0.44×
0.83×
Q3 24
0.51×
0.80×
Q2 24
0.57×
0.80×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MSA
MSA
PEB
PEB
Operating Cash FlowLast quarter
$122.4M
Free Cash FlowOCF − Capex
$106.0M
$114.5M
FCF MarginFCF / Revenue
20.8%
33.1%
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
MSA
MSA
PEB
PEB
Q1 26
Q4 25
$122.4M
$249.7M
Q3 25
$112.5M
$77.6M
Q2 25
$67.2M
$90.5M
Q1 25
$61.8M
$50.3M
Q4 24
$107.9M
$275.0M
Q3 24
$84.3M
$76.1M
Q2 24
$53.3M
$83.7M
Free Cash Flow
MSA
MSA
PEB
PEB
Q1 26
$114.5M
Q4 25
$106.0M
$152.3M
Q3 25
$100.5M
$6.8M
Q2 25
$37.9M
Q1 25
$51.0M
Q4 24
$93.5M
$146.3M
Q3 24
$70.1M
$-24.8M
Q2 24
$39.0M
FCF Margin
MSA
MSA
PEB
PEB
Q1 26
33.1%
Q4 25
20.8%
43.6%
Q3 25
21.4%
1.7%
Q2 25
8.0%
Q1 25
12.1%
Q4 24
18.7%
43.3%
Q3 24
16.2%
-6.1%
Q2 24
8.4%
Capex Intensity
MSA
MSA
PEB
PEB
Q1 26
Q4 25
3.2%
27.9%
Q3 25
2.6%
17.7%
Q2 25
6.2%
Q1 25
2.6%
Q4 24
2.9%
38.1%
Q3 24
3.3%
24.9%
Q2 24
3.1%
Cash Conversion
MSA
MSA
PEB
PEB
Q1 26
Q4 25
1.41×
Q3 25
1.62×
Q2 25
1.07×
5.01×
Q1 25
1.04×
Q4 24
1.23×
Q3 24
1.27×
1.74×
Q2 24
0.74×
2.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MSA
MSA

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

PEB
PEB

Room$214.5M62%
Food and beverage$91.1M26%
Other$40.0M12%

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