MSA Safety (MSA)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 47.59% | 47.67% | 44.10% | 43.95% | 43.79% |
| Operating profit margin | 21.52% | 12.94% | 15.65% | 3.64% | 12.38% |
| Pretax margin | 20.74% | 11.56% | 15.61% | 1.69% | 12.10% |
| Net profit margin | 15.76% | 3.28% | 11.76% | 1.52% | 9.20% |
MSA Safety's profitability ratios have shown varying trends over the years. The gross profit margin has been relatively stable, increasing from 43.79% in 2020 to 44.10% in 2022 before experiencing a notable jump to 47.67% in 2023, and slightly decreasing to 47.59% in 2024.
In terms of operating profit margin, there was a significant decline from 12.38% in 2020 to 3.64% in 2021, followed by a notable recovery to 15.65% in 2022. The margin then dipped slightly to 12.94% in 2023 and rose to 21.52% in 2024, indicating improved operational efficiency.
The pretax margin also witnessed fluctuations, starting at 12.10% in 2020, dropping sharply to 1.69% in 2021, but then recovering to 15.61% in 2022. It decreased to 11.56% in 2023 and surged to 20.74% in 2024, reflecting a positive trend in pre-tax profitability.
Finally, the net profit margin exhibited significant variability, declining from 9.20% in 2020 to 1.52% in 2021, before rebounding to 11.76% in 2022. The margin then decreased to 3.28% in 2023 and increased substantially to 15.76% in 2024, indicating a notable improvement in bottom-line profitability in the most recent year.
Overall, while the company faced challenges in maintaining consistent profitability in the past, there have been positive developments in recent years, with improvements observed in both operational efficiency and bottom-line performance.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 17.64% | 10.66% | 10.06% | 2.13% | 8.91% |
| Return on assets (ROA) | 12.92% | 2.70% | 7.56% | 0.89% | 6.63% |
| Return on total capital | 36.03% | 26.21% | 28.17% | 4.12% | 21.93% |
| Return on equity (ROE) | 24.92% | 6.06% | 19.45% | 2.56% | 15.32% |
MSA Safety's profitability ratios show fluctuations over the years.
- Operating return on assets (Operating ROA) increased from 8.91% in December 2020 to 17.64% in December 2024, with a notable jump in 2024 compared to previous years.
- Return on assets (ROA) had a fluctuating trend, with a significant decline in 2021 to just 0.89%, followed by an increase to 12.92% in December 2024, showing a recovery and improvement in profitability.
- Return on total capital increased from 21.93% in December 2020 to 36.03% in December 2024, indicating that the company efficiently utilized its total capital to generate higher returns over the years.
- Return on equity (ROE) also had ups and downs, with a peak at 24.92% in December 2024, showing an improvement compared to the lower values seen in the intervening years.
Overall, while there have been fluctuations in profitability ratios, there is an overall positive trend, especially in the later years, indicating improved profitability and efficient utilization of assets and capital by MSA Safety.