Msc Industrial Financials
This page shows Msc Industrial (MSM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Stable gross margins could not offset volume-driven operating deleverage, so weaker sales translated into a sharper earnings reset.
Gross margin stayed near41.0% in FY2023-FY2025, yet operating margin compressed to8.0% by FY2025; that points to costs below gross profit doing the damage, not a collapse in product economics. At the same time, operating cash flow kept outrunning net income in FY2025, at$334M versus$199M , so lower earnings still turned into cash rather than being absorbed by working capital.
The balance sheet is less debt-dependent than it was when demand was stronger, which gives the company more room to absorb weaker profitability. Long-term debt fell to
Inventory discipline is becoming more important to how this business runs day to day. Inventory stayed near
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Msc Industrial's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Msc Industrial has an operating margin of 8.0%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 43/100, indicating healthy but not exceptional operating efficiency. This is down from 10.2% the prior year.
Msc Industrial's revenue declined 1.3% year-over-year, from $3.8B to $3.8B. This contraction results in a growth score of 28/100.
Msc Industrial carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Msc Industrial's current ratio of 1.68 is below the typical benchmark, resulting in a score of 29/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Msc Industrial has a free cash flow margin of 6.4%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.
Msc Industrial's ROE of 14.4% shows moderate profitability relative to equity, earning a score of 50/100. This is down from 18.6% the prior year.
Msc Industrial scores 5.84, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.1B) relative to total liabilities ($1.1B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Msc Industrial passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Msc Industrial generates $1.67 in operating cash flow ($333.7M OCF vs $199.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Msc Industrial earns $12.5 in operating income for every $1 of interest expense ($301.6M vs $24.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Msc Industrial generated $3.8B in revenue in fiscal year 2025. This represents a decrease of 1.3% from the prior year.
Msc Industrial's EBITDA was $392.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 16.8% from the prior year.
Msc Industrial reported $199.3M in net income in fiscal year 2025. This represents a decrease of 22.9% from the prior year.
Msc Industrial earned $3.57 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 22.1% from the prior year.
Cash & Balance Sheet
Msc Industrial generated $240.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 22.6% from the prior year.
Msc Industrial held $56.2M in cash against $168.6M in long-term debt as of fiscal year 2025.
Msc Industrial had 56M shares outstanding in fiscal year 2025. This represents a decrease of 0.2% from the prior year.
Margins & Returns
Msc Industrial's gross margin was 40.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.
Msc Industrial's operating margin was 8.0% in fiscal year 2025, reflecting core business profitability. This is down 2.2 percentage points from the prior year.
Msc Industrial's net profit margin was 5.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.5 percentage points from the prior year.
Msc Industrial's ROE was 14.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.2 percentage points from the prior year.
Capital Allocation
Msc Industrial spent $39.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 79.1% from the prior year.
Msc Industrial invested $92.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 6.6% from the prior year.
MSM Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $917.8M-5.0% | $965.7M-1.3% | $978.2M+9.7% | $891.7M-4.0% | $928.5M-5.2% | $979.4M+4.7% | $935.3M-2.0% | $954.0M |
| Cost of Revenue | $540.2M-5.7% | $573.0M-1.7% | $583.2M+10.8% | $526.5M-4.3% | $550.3M-4.9% | $578.9M+5.9% | $546.7M-2.5% | $560.9M |
| Gross Profit | $377.6M-3.8% | $392.7M-0.6% | $395.0M+8.1% | $365.2M-3.4% | $378.2M-5.6% | $400.4M+3.0% | $388.6M-1.1% | $393.1M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $64.8M-15.0% | $76.2M-9.6% | $84.3M+35.4% | $62.2M-13.9% | $72.3M-32.3% | $106.8M+17.1% | $91.2M-10.2% | $101.6M |
| Interest Expense | $5.6M+3.2% | $5.4M-5.5% | $5.7M-8.0% | $6.2M+2.5% | $6.1M-11.8% | $6.9M-1.0% | $7.0M+30.7% | $5.3M |
| Income Tax | $13.9M-15.5% | $16.4M-18.0% | $20.0M+59.3% | $12.6M-15.7% | $14.9M-37.9% | $24.0M+30.6% | $18.4M-17.1% | $22.2M |
| Net Income | $42.5M-18.0% | $51.8M-8.4% | $56.5M+43.8% | $39.3M-15.7% | $46.6M-35.0% | $71.7M+15.9% | $61.8M-10.8% | $69.3M |
| EPS (Diluted) | $0.76-18.3% | $0.93 | N/A | $0.70-15.7% | $0.83-34.6% | $1.27+15.5% | $1.10-9.8% | $1.22 |
MSM Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5B-1.5% | $2.5B+1.0% | $2.5B0.0% | $2.5B-0.5% | $2.5B+0.2% | $2.5B-1.3% | $2.5B+0.3% | $2.5B |
| Current Assets | $1.2B-2.4% | $1.3B+2.7% | $1.2B+2.7% | $1.2B-1.0% | $1.2B-0.5% | $1.2B-4.1% | $1.3B-0.5% | $1.3B |
| Cash & Equivalents | $46.2M+14.8% | $40.3M-28.4% | $56.2M+36.2% | $41.3M-27.9% | $57.3M+120.9% | $25.9M+16.7% | $22.2M-13.9% | $25.8M |
| Inventory | $677.4M+2.6% | $660.5M+2.5% | $644.1M-0.1% | $645.0M+1.3% | $636.7M-4.4% | $665.6M-2.9% | $685.4M-3.4% | $709.4M |
| Accounts Receivable | $373.6M-13.3% | $430.7M+1.8% | $423.3M+7.1% | $395.3M-3.1% | $407.8M-2.9% | $419.8M-2.1% | $428.7M+3.5% | $414.3M |
| Goodwill | $724.5M+0.2% | $723.3M0.0% | $723.7M+0.3% | $721.7M-0.1% | $722.6M+0.1% | $721.9M0.0% | $722.1M+0.5% | $718.3M |
| Total Liabilities | $1.1B-3.5% | $1.1B+3.6% | $1.1B-2.9% | $1.1B+0.7% | $1.1B+3.5% | $1.1B-4.0% | $1.1B+0.2% | $1.1B |
| Current Liabilities | $709.0M-2.4% | $726.3M-0.4% | $729.3M+17.1% | $622.6M-0.6% | $626.3M+7.3% | $583.5M-7.4% | $630.4M+0.4% | $627.9M |
| Long-Term Debt | $194.5M-9.1% | $214.1M+27.0% | $168.6M-44.7% | $304.9M+5.2% | $289.9M-3.3% | $299.8M+1.8% | $294.5M0.0% | $294.4M |
| Total Equity | $1.4B+0.2% | $1.4B-0.5% | $1.4B+2.3% | $1.4B-1.4% | $1.4B-1.9% | $1.4B+0.8% | $1.4B+0.4% | $1.4B |
| Retained Earnings | $420.2M-1.5% | $426.7M-1.4% | $432.6M+2.3% | $422.8M-4.6% | $443.3M-5.7% | $470.1M+1.3% | $463.9M-0.2% | $465.0M |
MSM Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $94.4M+221.0% | $29.4M-63.4% | $80.3M+47.4% | $54.5M-46.5% | $101.9M-29.0% | $143.5M+82.3% | $78.7M-3.0% | $81.2M |
| Capital Expenditures | $21.3M-3.1% | $22.0M+1.3% | $21.7M-27.1% | $29.8M+47.7% | $20.2M-31.8% | $29.6M+16.7% | $25.4M+37.5% | $18.4M |
| Free Cash Flow | $73.1M+886.9% | $7.4M-87.3% | $58.5M+137.2% | $24.7M-69.8% | $81.7M-28.3% | $114.0M+113.4% | $53.4M-14.9% | $62.7M |
| Investing Cash Flow | -$21.3M-0.6% | -$21.2M+2.5% | -$21.7M+28.4% | -$30.3M-48.7% | -$20.4M+31.0% | -$29.6M+16.1% | -$35.2M-91.1% | -$18.4M |
| Financing Cash Flow | -$67.4M-181.6% | -$23.9M+67.6% | -$74.0M-86.2% | -$39.7M+25.5% | -$53.4M+51.6% | -$110.2M-134.0% | -$47.1M+46.0% | -$87.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $764K-94.1% | $13.0M+7139.7% | $179K-98.6% | $12.5M-31.0% | $18.1M-2.3% | $18.5M+11.2% | $16.6M-87.4% | $132.0M |
MSM Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.1%+0.5pp | 40.7%+0.3pp | 40.4%-0.6pp | 41.0%+0.2pp | 40.7%-0.2pp | 40.9%-0.7pp | 41.5%+0.3pp | 41.2% |
| Operating Margin | 7.1%-0.8pp | 7.9%-0.7pp | 8.6%+1.6pp | 7.0%-0.8pp | 7.8%-3.1pp | 10.9%+1.1pp | 9.8%-0.9pp | 10.7% |
| Net Margin | 4.6%-0.7pp | 5.4%-0.4pp | 5.8%+1.4pp | 4.4%-0.6pp | 5.0%-2.3pp | 7.3%+0.7pp | 6.6%-0.7pp | 7.3% |
| Return on Equity | 3.1%-0.7pp | 3.8%-0.3pp | 4.1%+1.2pp | 2.9%-0.5pp | 3.4%-1.7pp | 5.1%+0.7pp | 4.5%-0.6pp | 5.0% |
| Return on Assets | 1.7%-0.3pp | 2.1%-0.2pp | 2.3%+0.7pp | 1.6%-0.3pp | 1.9%-1.0pp | 2.9%+0.4pp | 2.5%-0.3pp | 2.8% |
| Current Ratio | 1.730.0 | 1.73+0.1 | 1.68-0.2 | 1.920.0 | 1.93-0.2 | 2.08+0.1 | 2.01-0.0 | 2.02 |
| Debt-to-Equity | 0.14-0.0 | 0.15+0.0 | 0.12-0.1 | 0.22+0.0 | 0.210.0 | 0.210.0 | 0.210.0 | 0.21 |
| FCF Margin | 8.0%+7.2pp | 0.8%-5.2pp | 6.0%+3.2pp | 2.8%-6.0pp | 8.8%-2.8pp | 11.6%+5.9pp | 5.7%-0.9pp | 6.6% |
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Frequently Asked Questions
What is Msc Industrial's annual revenue?
Msc Industrial (MSM) reported $3.8B in total revenue for fiscal year 2025. This represents a -1.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Msc Industrial's revenue growing?
Msc Industrial (MSM) revenue declined by 1.3% year-over-year, from $3.8B to $3.8B in fiscal year 2025.
Is Msc Industrial profitable?
Yes, Msc Industrial (MSM) reported a net income of $199.3M in fiscal year 2025, with a net profit margin of 5.3%.
What is Msc Industrial's EBITDA?
Msc Industrial (MSM) had EBITDA of $392.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Msc Industrial have?
As of fiscal year 2025, Msc Industrial (MSM) had $56.2M in cash and equivalents against $168.6M in long-term debt.
What is Msc Industrial's gross margin?
Msc Industrial (MSM) had a gross margin of 40.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Msc Industrial's operating margin?
Msc Industrial (MSM) had an operating margin of 8.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Msc Industrial's net profit margin?
Msc Industrial (MSM) had a net profit margin of 5.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Msc Industrial's return on equity (ROE)?
Msc Industrial (MSM) has a return on equity of 14.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Msc Industrial's free cash flow?
Msc Industrial (MSM) generated $240.9M in free cash flow during fiscal year 2025. This represents a -22.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Msc Industrial's operating cash flow?
Msc Industrial (MSM) generated $333.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Msc Industrial's total assets?
Msc Industrial (MSM) had $2.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Msc Industrial's capital expenditures?
Msc Industrial (MSM) invested $92.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Msc Industrial's current ratio?
Msc Industrial (MSM) had a current ratio of 1.68 as of fiscal year 2025, which is generally considered healthy.
What is Msc Industrial's debt-to-equity ratio?
Msc Industrial (MSM) had a debt-to-equity ratio of 0.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Msc Industrial's return on assets (ROA)?
Msc Industrial (MSM) had a return on assets of 8.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Msc Industrial's Altman Z-Score?
Msc Industrial (MSM) has an Altman Z-Score of 5.84, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Msc Industrial's Piotroski F-Score?
Msc Industrial (MSM) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Msc Industrial's earnings high quality?
Msc Industrial (MSM) has an earnings quality ratio of 1.67x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Msc Industrial cover its interest payments?
Msc Industrial (MSM) has an interest coverage ratio of 12.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Msc Industrial?
Msc Industrial (MSM) scores 49 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.