MSA Safety (MSA)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Operating income (ttm)	US$ in thousands	395,700	399,282	401,928	396,052	389,229	338,623	308,813	275,341	239,137	79,677	44,325	17,839	19,209	126,687	138,875	152,119	166,863	188,203	206,668	212,852
Revenue (ttm)	US$ in thousands	1,808,140	1,803,802	1,817,851	1,802,687	1,787,647	1,735,543	1,670,509	1,595,523	1,527,953	1,494,967	1,453,470	1,422,446	1,400,182	1,378,162	1,342,357	1,315,506	1,348,223	1,335,230	1,381,852	1,417,089
Operating profit margin		21.88%	22.14%	22.11%	21.97%	21.77%	19.51%	18.49%	17.26%	15.65%	5.33%	3.05%	1.25%	1.37%	9.19%	10.35%	11.56%	12.38%	14.10%	14.96%	15.02%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $395,700K ÷ $1,808,140K
= 21.88%

The operating profit margin of MSA Safety has shown some fluctuations over the periods analyzed. It started at 15.02% in March 2020 and gradually declined to 9.19% by September 2021. This downward trend continued until December 2021 when it reached a low of 1.37%, indicating challenges in maintaining profitability.

However, starting from March 2022, the operating profit margin began to improve, showing a positive trajectory. By June 2023, the margin had risen to 18.49%, reflecting an enhanced operational efficiency and profitability. This positive trend continued, reaching 22.14% by September 2024, showing sustained growth and improved performance.

Overall, the operating profit margin of MSA Safety has displayed a mix of fluctuations and improvements over the analyzed period, with a notable recovery and expansion in profitability from 2022 onwards.