MSC INDUSTRIAL DIRECT CO INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data MSC INDUSTRIAL DIRECT CO INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	2,888	3,204	3,364	3,192	3,243	3,692	4,009	3,821	3,770	4,010
Cost of revenue	1,601	1,811	1,932	1,849	1,910	2,134	2,366	2,248	2,233	2,370
Gross profit	1,286	1,393	1,432	1,343	1,334	1,558	1,643	1,573	1,536	1,639
Operating expenses	907	972	1,025	976	994	1,084	1,151	1,168	1,224
Operating income	379	421	400	351	302	469	484	390	302	321
Interest expense	12.4	14.5	16.9	16.7	14.5	17.6	22.5	25.8	24.1	21.7
Interest income	0.66	0.65	0.52	0.33	0.07	0.15	1.03	0.41	1.13	0.94
Other non-operating income	-11	-14.4	-16.9	-16.5	-13.4	-17.6	-27.6	-47.6	-38	-28.5
Pre-tax income	368	406	383	334	288	451	456	343	264	292
Income tax	137	77	94.3	82.5	70.4	111	113	86.8	65.7	72.1
Net income to minority interests			-0.07	0.64	1.03	0.7	-0.13	-2.64	-1.49	-2.68
Net income	231	329	289	251	217	340	343	259	199	223
EBITDA	442	484	465	420	371	539	559	471	392	422
EPS, basic	4.08	5.84	5.23	4.53	3.89	6.09	6.14	4.60	3.57	3.99
EPS, diluted	4.05	5.80	5.20	4.51	3.87	6.06	6.11	4.58	3.57	3.98
Shares, basic (weighted)	56.6	56.4	55.2	55.5	55.7	55.8	55.9	56.3	55.8	55.8
Shares, diluted (weighted)	57	56.7	55.5	55.6	56.1	56	56.2	56.4	55.9	56
Dividend per share	1.80	2.22

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	16.1	46.2	32.3	125	40.5	43.5	50.1	29.6	56.2	65
Receivables	472	524	541	492	560	688	435	412	423	452
Inventory	465	518	559	543	624	716	727	644	644	689
Other current assets	52.7	58.9	67.1	77.7	89.2	96.9	106	102	103	114
Total current assets	1,006	1,148	1,200	1,238	1,314	1,544	1,318	1,188	1,227	1,319
Property, plant and equipment	316	312	311	302	298	287	320	360	347	339
Lease right-of-use assets				56.2	49	64.8	65.9	58.6	52.5	50.8
Goodwill	634	675	677	678	693	710	718	724	724	724
Intangible assets	110	123	117	105	102	114	111	101	85.5	69.9
Other non-current assets	32.9	31.8	6.84	4.06	5.89	9.89	12.2	30.3	27.2	5.92
Total assets	2,099	2,289	2,311	2,382	2,462	2,729	2,544	2,462	2,462	2,509
Accounts payable	121	145	160	126	186	217	226	206	225	238
Accrued liabilities	104	121	111	139	159	164	172	148	165	161
Short-term debt	332	224	175	121	201	325	230	230	317	317
Total current liabilities	558	491	447	409	562	726	649	605	729	740
Long-term debt	201	311	264	495	582	469	224	278	169	159
Lease liabilities				34.4	36.4	47.6	45.9	37.5	30.9	27.6
Other non-current liabilities					9.44				0	13.6
Total liabilities	874	901	827	1,062	1,300	1,367	1,052	1,061	1,066	1,083
Total debt	535	311	439	616	784	793	454	508	485	476
Paid-in capital	627	658	659	691	741	798	850	1,070	1,094	1,115
Retained earnings	1,169	1,326	947	750	532	681	755	457	433	450
Treasury stock	-553	-577	-105	-104	-104	-106	-108	-114	-117	-119
Other comprehensive income	-17.3	-19.6	-22.8	-21.4	-18	-23.1	-17.7	-21.1	-20.7	-19.6
Shareholders' equity	1,225	1,387	1,479	1,315	1,151	1,350	1,479	1,392	1,388	1,426
Minority interests			5.33	5.63	11	11.8	13.4	9.49	8.29	0
Total equity	1,225	1,387	1,484	1,321	1,162	1,362	1,493	1,401	1,397	1,426
Total liabilities and equity	2,099	2,289	2,311	2,382	2,462	2,729	2,544	2,462	2,462	2,509

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	231	329	289	252	218	340	343	256	198	220
Depreciation and amortization	63	63.2	65.4	69.1	68.8	70.4	75.1	80.9	90.6	101
Stock-based compensation	13.9	14.9	16.3	16.9	17.7	19.3	18.6	18.8	12.6	19
Deferred income tax	12.2	-24.3	11.9	8.35	-7.11	12.1	9.11	10	-1.31	8.55
Change in receivables	-72.2	-49.8	-26.9	36.8	-73	-124	248	18.8	-17.7	-38
Change in inventory	-15.9	-33.2	-32.5	16.5	-107	-81.5	-4.86	85.1	1.72	-46.7
Change in payables	12.2	31.3	2.35	-5.57	84.4	20.3	10	-54.1	43.3	1.06
Cash from operations	247	340	328	397	224	246	700	411	334	307
Capital expenditures	-46.5	-44.9	-51.8	-47	-53.7	-61.4	-92.5	-99.4	-92.8	-81.3
Acquisitions	-42.3	-87	-11.6	-2.29	-22	-57.9	-20.2	-24	-0.79	-0.24
Sales and maturities of investments			27
Cash from investing	-88.9	-132	-36.4	-49.3	-75.7	-94.5	-113	-123	-63.3	-80.5
Debt issued		110		100	4.75	0	0	50	0	100
Debt repaid				-20	-20	0	-125	-50	-20	-100
Stock issued	26.9	24.2	15.6	13.7	29.7	34.7	28.7	9.59	8.12	0
Share buybacks	-49.2	-82.4	-84.6	-3.44	-71.3	-27.4	-95.8	-188	-39.3	-14
Dividends paid	-102	-125	-146	-167	-167	-167	-177	-187	-190	-194
Cash from financing	-195	-178	-306	-255	-234	-148	-580	-307	-244	-217
Exchange rate effect	-0.01	-0.02	-0.36	0.08	0.36
Net change in cash	-36.8	30.1	-13.9	92.9	-84.7	3	6.52	-20.5	26.6	8.8
Free cash flow	200	295	277	350	171	185	607	311	241	225
Interest paid	11.7	13.4	16.6	15	14	16.9	22.4	24.7	23.9	21
Income taxes paid	122	101	79.3	68.9	73.1	117	107	79.1	60.3	77.9

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $119.30 on November 10, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	40.9%	Gross profit / revenue.
Operating margin	8.0%	Operating income / revenue.
EBITDA margin	10.5%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	7.3%	Pre-tax income / revenue.
Net margin	5.6%	Net income / revenue.
FCF margin	5.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	7.6%	Cash from operations / revenue.
Effective tax rate	24.7%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	15.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	9.0%	Net income / average total assets.
Return on invested capital (ROIC)	13.2%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	0.5%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	2.0%	Capital expenditures / revenue.
D&A / revenue	2.5%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	6.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	0.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	4.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	6.7%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-0.1%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	4.2%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	6.3%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-12.8%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	1.2%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	7.6%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-8.9%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	2.6%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	11.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-13.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	0.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	11.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-13.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	0.6%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-8.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-24.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	6.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-6.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-28.2%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	5.7%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	2.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-1.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	1.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-0.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	0.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.78x	Current assets / current liabilities.
Quick ratio	0.70x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.09x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.33x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	19.0%	Total debt / total assets.
Liabilities / assets	43.2%	Total liabilities / total assets.
Net debt	$411.4M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	0.98x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	14.8x	Operating income / interest expense.
Working capital	$579.1M	Current assets - current liabilities.
Goodwill and intangibles / assets	31.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	$631.8M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.61x	Revenue / average total assets.
Fixed asset turnover	11.7x	Revenue / average property, plant and equipment.
Inventory turnover	3.56x	Cost of revenue / average inventory.
Days inventory	103 days	365 x average inventory / cost of revenue.
Receivables turnover	9.17x	Revenue / average receivables.
Days sales outstanding	40 days	365 x average receivables / revenue.
Days payables	36 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	107 days	Days inventory + days sales outstanding - days payables.
FCF conversion	101.2%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	26.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.98	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$3.99	Net income per basic share, as reported (split-adjusted).
Revenue per share	$71.61	Revenue / diluted weighted shares.
FCF per share	$4.02	Free cash flow / diluted weighted shares.
Operating cash flow per share	$5.47	Cash from operations / diluted weighted shares.
Book value per share	$25.46	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$11.28	Tangible book value / shares outstanding.
Cash per share	$1.16	(Cash + short-term investments) / shares outstanding.
Payout ratio	87.3%	Dividends paid / net income, when net income is positive.
Dividends / FCF	86.3%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	6.2%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$6.66B	Share price x shares outstanding.
Enterprise value	$7.07B	Market cap + total debt - cash - short-term investments.
P/E	29.9x	Market cap / net income. Only when net income is positive.
P/S	1.66x	Market cap / revenue.
P/B	4.67x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	10.5x	Market cap / tangible book value, when positive.
P/FCF	29.6x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	21.7x	Market cap / cash from operations, when positive.
EV/Sales	1.76x	Enterprise value / revenue.
EV/EBIT	22.1x	Enterprise value / operating income, when both are positive.
EV/EBITDA	16.8x	Enterprise value / EBITDA, when both are positive.
EV/FCF	31.4x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.4%	Free cash flow / market cap.
Earnings yield	3.3%	Net income / market cap (the inverse of P/E).
Dividend yield	2.9%	Dividends paid over the period / market cap.
Shareholder yield	3.1%	(Dividends paid + share buybacks) / market cap.

What was MSC INDUSTRIAL DIRECT CO INC's revenue in fiscal 2026?

MSC INDUSTRIAL DIRECT CO INC reported revenue of $4.01B for fiscal 2026, 6.4% higher than the year before.

Was MSC INDUSTRIAL DIRECT CO INC profitable in fiscal 2026?

Yes. Net income was $222.6M, a net margin of 5.6%.

How much free cash flow did MSC INDUSTRIAL DIRECT CO INC generate in fiscal 2026?

Cash from operations of $306.5M minus capital expenditures of $81.3M left free cash flow of $225.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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