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Side-by-side financial comparison of MSA Safety Inc (MSA) and SunCoke Energy, Inc. (SXC). Click either name above to swap in a different company.

MSA Safety Inc is the larger business by last-quarter revenue ($510.9M vs $480.2M, roughly 1.1× SunCoke Energy, Inc.). MSA Safety Inc runs the higher net margin — 17.0% vs -17.8%, a 34.8% gap on every dollar of revenue. On growth, MSA Safety Inc posted the faster year-over-year revenue change (2.2% vs -1.2%). MSA Safety Inc produced more free cash flow last quarter ($106.0M vs $32.8M). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs -0.8%).

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.

Energy Brands, also doing business as Glacéau, is a privately owned subsidiary of the Coca-Cola Company based in Whitestone, Queens, New York, that manufactures and distributes various lines of drinks marketed as enhanced water. Founded in May 1996 by J. Darius Bikoff with an electrolyte enhanced line of water called Smartwater, Energy Brands initially distributed its products to health food stores and independent retailers in the New York area. Adding Fruitwater and Vitaminwater to its line ...

MSA vs SXC — Head-to-Head

Bigger by revenue
MSA
MSA
1.1× larger
MSA
$510.9M
$480.2M
SXC
Growing faster (revenue YoY)
MSA
MSA
+3.4% gap
MSA
2.2%
-1.2%
SXC
Higher net margin
MSA
MSA
34.8% more per $
MSA
17.0%
-17.8%
SXC
More free cash flow
MSA
MSA
$73.2M more FCF
MSA
$106.0M
$32.8M
SXC
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
-0.8%
SXC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MSA
MSA
SXC
SXC
Revenue
$510.9M
$480.2M
Net Profit
$86.9M
$-85.6M
Gross Margin
46.9%
Operating Margin
22.3%
-20.4%
Net Margin
17.0%
-17.8%
Revenue YoY
2.2%
-1.2%
Net Profit YoY
-1.2%
-461.2%
EPS (diluted)
$2.22
$-1.00

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
SXC
SXC
Q4 25
$510.9M
$480.2M
Q3 25
$468.4M
$487.0M
Q2 25
$474.1M
$434.1M
Q1 25
$421.3M
$436.0M
Q4 24
$499.7M
$486.0M
Q3 24
$432.7M
$490.1M
Q2 24
$462.5M
$470.9M
Q1 24
$413.3M
$488.4M
Net Profit
MSA
MSA
SXC
SXC
Q4 25
$86.9M
$-85.6M
Q3 25
$69.6M
$22.2M
Q2 25
$62.8M
$1.9M
Q1 25
$59.6M
$17.3M
Q4 24
$87.9M
$23.7M
Q3 24
$66.6M
$30.7M
Q2 24
$72.2M
$21.5M
Q1 24
$58.1M
$20.0M
Gross Margin
MSA
MSA
SXC
SXC
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
MSA
MSA
SXC
SXC
Q4 25
22.3%
-20.4%
Q3 25
20.1%
2.8%
Q2 25
18.1%
2.3%
Q1 25
18.5%
6.9%
Q4 24
23.5%
7.3%
Q3 24
21.1%
9.6%
Q2 24
21.6%
7.4%
Q1 24
19.4%
7.1%
Net Margin
MSA
MSA
SXC
SXC
Q4 25
17.0%
-17.8%
Q3 25
14.9%
4.6%
Q2 25
13.2%
0.4%
Q1 25
14.1%
4.0%
Q4 24
17.6%
4.9%
Q3 24
15.4%
6.3%
Q2 24
15.6%
4.6%
Q1 24
14.1%
4.1%
EPS (diluted)
MSA
MSA
SXC
SXC
Q4 25
$2.22
$-1.00
Q3 25
$1.77
$0.26
Q2 25
$1.59
$0.02
Q1 25
$1.51
$0.20
Q4 24
$2.22
$0.28
Q3 24
$1.69
$0.36
Q2 24
$1.83
$0.25
Q1 24
$1.47
$0.23

Balance Sheet & Financial Strength

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

Metric
MSA
MSA
SXC
SXC
Cash + ST InvestmentsLiquidity on hand
$165.1M
$88.7M
Total DebtLower is stronger
$580.9M
$685.5M
Stockholders' EquityBook value
$1.4B
$597.3M
Total Assets
$2.6B
$1.8B
Debt / EquityLower = less leverage
0.42×
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSA
MSA
SXC
SXC
Q4 25
$165.1M
$88.7M
Q3 25
$170.0M
$80.4M
Q2 25
$147.0M
$186.2M
Q1 25
$170.6M
$193.7M
Q4 24
$164.6M
$189.6M
Q3 24
$154.4M
$164.7M
Q2 24
$146.8M
$81.9M
Q1 24
$148.3M
$120.1M
Total Debt
MSA
MSA
SXC
SXC
Q4 25
$580.9M
$685.5M
Q3 25
$628.6M
$691.1M
Q2 25
$679.3M
$493.4M
Q1 25
$502.1M
$492.9M
Q4 24
$508.0M
$492.3M
Q3 24
$554.7M
$491.8M
Q2 24
$588.2M
$491.3M
Q1 24
$596.2M
$490.8M
Stockholders' Equity
MSA
MSA
SXC
SXC
Q4 25
$1.4B
$597.3M
Q3 25
$1.3B
$695.9M
Q2 25
$1.3B
$677.7M
Q1 25
$1.2B
$684.6M
Q4 24
$1.1B
$680.2M
Q3 24
$1.1B
$658.6M
Q2 24
$1.0B
$636.9M
Q1 24
$994.8M
$623.0M
Total Assets
MSA
MSA
SXC
SXC
Q4 25
$2.6B
$1.8B
Q3 25
$2.6B
$1.9B
Q2 25
$2.6B
$1.6B
Q1 25
$2.2B
$1.7B
Q4 24
$2.2B
$1.7B
Q3 24
$2.2B
$1.7B
Q2 24
$2.2B
$1.7B
Q1 24
$2.2B
$1.7B
Debt / Equity
MSA
MSA
SXC
SXC
Q4 25
0.42×
1.15×
Q3 25
0.48×
0.99×
Q2 25
0.54×
0.73×
Q1 25
0.42×
0.72×
Q4 24
0.44×
0.72×
Q3 24
0.51×
0.75×
Q2 24
0.57×
0.77×
Q1 24
0.60×
0.79×

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
SXC
SXC
Operating Cash FlowLast quarter
$122.4M
$56.6M
Free Cash FlowOCF − Capex
$106.0M
$32.8M
FCF MarginFCF / Revenue
20.8%
6.8%
Capex IntensityCapex / Revenue
3.2%
5.0%
Cash ConversionOCF / Net Profit
1.41×
TTM Free Cash FlowTrailing 4 quarters
$295.4M
$42.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSA
MSA
SXC
SXC
Q4 25
$122.4M
$56.6M
Q3 25
$112.5M
$9.2M
Q2 25
$67.2M
$17.5M
Q1 25
$61.8M
$25.8M
Q4 24
$107.9M
$60.9M
Q3 24
$84.3M
$107.2M
Q2 24
$53.3M
$-9.3M
Q1 24
$50.9M
$10.0M
Free Cash Flow
MSA
MSA
SXC
SXC
Q4 25
$106.0M
$32.8M
Q3 25
$100.5M
$-16.3M
Q2 25
$37.9M
$4.9M
Q1 25
$51.0M
$20.9M
Q4 24
$93.5M
$36.1M
Q3 24
$70.1M
$92.1M
Q2 24
$39.0M
$-26.8M
Q1 24
$39.7M
$-5.5M
FCF Margin
MSA
MSA
SXC
SXC
Q4 25
20.8%
6.8%
Q3 25
21.4%
-3.3%
Q2 25
8.0%
1.1%
Q1 25
12.1%
4.8%
Q4 24
18.7%
7.4%
Q3 24
16.2%
18.8%
Q2 24
8.4%
-5.7%
Q1 24
9.6%
-1.1%
Capex Intensity
MSA
MSA
SXC
SXC
Q4 25
3.2%
5.0%
Q3 25
2.6%
5.2%
Q2 25
6.2%
2.9%
Q1 25
2.6%
1.1%
Q4 24
2.9%
5.1%
Q3 24
3.3%
3.1%
Q2 24
3.1%
3.7%
Q1 24
2.7%
3.2%
Cash Conversion
MSA
MSA
SXC
SXC
Q4 25
1.41×
Q3 25
1.62×
0.41×
Q2 25
1.07×
9.21×
Q1 25
1.04×
1.49×
Q4 24
1.23×
2.57×
Q3 24
1.27×
3.49×
Q2 24
0.74×
-0.43×
Q1 24
0.88×
0.50×

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%

SXC
SXC

Segment breakdown not available.

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