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Side-by-side financial comparison of MSA Safety Inc (MSA) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.

Park Hotels & Resorts Inc. is the larger business by last-quarter revenue ($630.0M vs $510.9M, roughly 1.2× MSA Safety Inc). MSA Safety Inc runs the higher net margin — 17.0% vs 1.9%, a 15.1% gap on every dollar of revenue. On growth, MSA Safety Inc posted the faster year-over-year revenue change (2.2% vs -1.3%). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs -4.2%).

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.

Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.

MSA vs PK — Head-to-Head

Bigger by revenue
PK
PK
1.2× larger
PK
$630.0M
$510.9M
MSA
Growing faster (revenue YoY)
MSA
MSA
+3.5% gap
MSA
2.2%
-1.3%
PK
Higher net margin
MSA
MSA
15.1% more per $
MSA
17.0%
1.9%
PK
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
-4.2%
PK

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MSA
MSA
PK
PK
Revenue
$510.9M
$630.0M
Net Profit
$86.9M
$12.0M
Gross Margin
46.9%
Operating Margin
22.3%
9.8%
Net Margin
17.0%
1.9%
Revenue YoY
2.2%
-1.3%
Net Profit YoY
-1.2%
121.1%
EPS (diluted)
$2.22
$0.05

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
PK
PK
Q1 26
$630.0M
Q4 25
$510.9M
$629.0M
Q3 25
$468.4M
$610.0M
Q2 25
$474.1M
$672.0M
Q1 25
$421.3M
$630.0M
Q4 24
$499.7M
$625.0M
Q3 24
$432.7M
$649.0M
Q2 24
$462.5M
$686.0M
Net Profit
MSA
MSA
PK
PK
Q1 26
$12.0M
Q4 25
$86.9M
$-205.0M
Q3 25
$69.6M
$-16.0M
Q2 25
$62.8M
$-5.0M
Q1 25
$59.6M
$-57.0M
Q4 24
$87.9M
$66.0M
Q3 24
$66.6M
$54.0M
Q2 24
$72.2M
$64.0M
Gross Margin
MSA
MSA
PK
PK
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
PK
PK
Q1 26
9.8%
Q4 25
22.3%
-26.1%
Q3 25
20.1%
9.7%
Q2 25
18.1%
9.7%
Q1 25
18.5%
1.1%
Q4 24
23.5%
13.3%
Q3 24
21.1%
14.6%
Q2 24
21.6%
17.6%
Net Margin
MSA
MSA
PK
PK
Q1 26
1.9%
Q4 25
17.0%
-32.6%
Q3 25
14.9%
-2.6%
Q2 25
13.2%
-0.7%
Q1 25
14.1%
-9.0%
Q4 24
17.6%
10.6%
Q3 24
15.4%
8.3%
Q2 24
15.6%
9.3%
EPS (diluted)
MSA
MSA
PK
PK
Q1 26
$0.05
Q4 25
$2.22
$-1.04
Q3 25
$1.77
$-0.08
Q2 25
$1.59
$-0.02
Q1 25
$1.51
$-0.29
Q4 24
$2.22
$0.32
Q3 24
$1.69
$0.26
Q2 24
$1.83
$0.30

Balance Sheet & Financial Strength

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

Metric
MSA
MSA
PK
PK
Cash + ST InvestmentsLiquidity on hand
$165.1M
$156.0M
Total DebtLower is stronger
$580.9M
Stockholders' EquityBook value
$1.4B
$3.1B
Total Assets
$2.6B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSA
MSA
PK
PK
Q1 26
$156.0M
Q4 25
$165.1M
$232.0M
Q3 25
$170.0M
$278.0M
Q2 25
$147.0M
$319.0M
Q1 25
$170.6M
$233.0M
Q4 24
$164.6M
$402.0M
Q3 24
$154.4M
$480.0M
Q2 24
$146.8M
$449.0M
Total Debt
MSA
MSA
PK
PK
Q1 26
Q4 25
$580.9M
$3.9B
Q3 25
$628.6M
$3.9B
Q2 25
$679.3M
$3.9B
Q1 25
$502.1M
$3.9B
Q4 24
$508.0M
$3.9B
Q3 24
$554.7M
$3.9B
Q2 24
$588.2M
$3.9B
Stockholders' Equity
MSA
MSA
PK
PK
Q1 26
$3.1B
Q4 25
$1.4B
$3.1B
Q3 25
$1.3B
$3.4B
Q2 25
$1.3B
$3.4B
Q1 25
$1.2B
$3.5B
Q4 24
$1.1B
$3.6B
Q3 24
$1.1B
$3.8B
Q2 24
$1.0B
$3.8B
Total Assets
MSA
MSA
PK
PK
Q1 26
Q4 25
$2.6B
$7.7B
Q3 25
$2.6B
$8.8B
Q2 25
$2.6B
$8.9B
Q1 25
$2.2B
$8.9B
Q4 24
$2.2B
$9.2B
Q3 24
$2.2B
$9.2B
Q2 24
$2.2B
$9.2B
Debt / Equity
MSA
MSA
PK
PK
Q1 26
Q4 25
0.42×
1.23×
Q3 25
0.48×
1.14×
Q2 25
0.54×
1.12×
Q1 25
0.42×
1.11×
Q4 24
0.44×
1.06×
Q3 24
0.51×
1.03×
Q2 24
0.57×
1.03×

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
PK
PK
Operating Cash FlowLast quarter
$122.4M
Free Cash FlowOCF − Capex
$106.0M
FCF MarginFCF / Revenue
20.8%
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
PK
PK
Q1 26
Q4 25
$122.4M
$105.0M
Q3 25
$112.5M
$99.0M
Q2 25
$67.2M
$108.0M
Q1 25
$61.8M
$86.0M
Q4 24
$107.9M
$80.0M
Q3 24
$84.3M
$140.0M
Q2 24
$53.3M
$117.0M
Free Cash Flow
MSA
MSA
PK
PK
Q1 26
Q4 25
$106.0M
$-3.0M
Q3 25
$100.5M
$31.0M
Q2 25
$37.9M
$65.0M
Q1 25
$51.0M
$9.0M
Q4 24
$93.5M
$17.0M
Q3 24
$70.1M
$97.0M
Q2 24
$39.0M
$66.0M
FCF Margin
MSA
MSA
PK
PK
Q1 26
Q4 25
20.8%
-0.5%
Q3 25
21.4%
5.1%
Q2 25
8.0%
9.7%
Q1 25
12.1%
1.4%
Q4 24
18.7%
2.7%
Q3 24
16.2%
14.9%
Q2 24
8.4%
9.6%
Capex Intensity
MSA
MSA
PK
PK
Q1 26
Q4 25
3.2%
17.2%
Q3 25
2.6%
11.1%
Q2 25
6.2%
6.4%
Q1 25
2.6%
12.2%
Q4 24
2.9%
10.1%
Q3 24
3.3%
6.6%
Q2 24
3.1%
7.4%
Cash Conversion
MSA
MSA
PK
PK
Q1 26
Q4 25
1.41×
Q3 25
1.62×
Q2 25
1.07×
Q1 25
1.04×
Q4 24
1.23×
1.21×
Q3 24
1.27×
2.59×
Q2 24
0.74×
1.83×

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%

PK
PK

Comparable Hotel Revenues$617.0M98%
Other$13.0M2%

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