Invesaro

Stocks Comparison

MSA Safety vs Smith & Nephew: revenue, profit, margins and growth compared

MSA Safety brought in $1.9B of revenue in fiscal 2025, Smith & Nephew $6.2B in fiscal 2025. Revenue changed by +3.7% at MSA Safety and +6.1% at Smith & Nephew on the year before, so Smith & Nephew grew faster. MSA Safety kept 14.9% of its revenue as net profit, Smith & Nephew 10.1%.

Side by side, latest fiscal year

MSASNN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.9B$6.2B
Revenue growth+3.7%+6.1%
Net income$278.9M$625M
Net margin14.9%10.1%
Free cash flow$295.4Mn/a
Free cash flow margin15.8%n/a
Earnings per share (diluted)$7.09$0.72
Cash$165.1M$557M
Debt$580.9M$3.1B
Price to earnings25.7n/a
Market value$7B$11.5B
Dividend yield1.15%n/a
Rank by revenue in sector#120 of 742 · Health care#56 of 742 · Health care

Over the years

Revenue
MSA FY2018: $1.4BMSA FY2019: $1.4BMSA FY2020: $1.3BMSA FY2021: $1.4BMSA FY2022: $1.5BMSA FY2023: $1.8BMSA FY2024: $1.8BMSA FY2025: $1.9BSNN FY2018: $4.9BSNN FY2019: $5.1BSNN FY2020: $4.6BSNN FY2021: $5.2BSNN FY2022: $5.2BSNN FY2023: $5.5BSNN FY2024: $5.8BSNN FY2025: $6.2BFY18FY19FY20FY21FY22FY23FY24FY25
MSA $1.9BSNN $6.2B
Net income
MSA FY2018: $124.2MMSA FY2019: $138MMSA FY2020: $124.1MMSA FY2021: $21.3MMSA FY2022: $179.6MMSA FY2023: $58.6MMSA FY2024: $285MMSA FY2025: $278.9MSNN FY2018: $663MSNN FY2019: $600MSNN FY2020: $448MSNN FY2021: $524MSNN FY2022: $223MSNN FY2023: $263MSNN FY2024: $412MSNN FY2025: $625MFY18FY19FY20FY21FY22FY23FY24FY25
MSA $278.9MSNN $625M
Net margin
MSA FY2018: 9.1%MSA FY2019: 9.8%MSA FY2020: 9.2%MSA FY2021: 1.5%MSA FY2022: 11.8%MSA FY2023: 3.3%MSA FY2024: 15.8%MSA FY2025: 14.9%SNN FY2018: 13.5%SNN FY2019: 11.7%SNN FY2020: 9.8%SNN FY2021: 10.1%SNN FY2022: 4.3%SNN FY2023: 4.7%SNN FY2024: 7.1%SNN FY2025: 10.1%FY18FY19FY20FY21FY22FY23FY24FY25
MSA 14.9%SNN 10.1%
Revenue growth
MSA FY2019: +3.2%MSA FY2020: -3.8%MSA FY2021: +3.9%MSA FY2022: +9.1%MSA FY2023: +17.0%MSA FY2024: +1.1%MSA FY2025: +3.7%SNN FY2019: +4.8%SNN FY2020: -11.2%SNN FY2021: +14.3%SNN FY2022: +0.1%SNN FY2023: +6.4%SNN FY2024: +4.7%SNN FY2025: +6.1%FY19FY20FY21FY22FY23FY24FY25
MSA +3.7%SNN +6.1%
Free cash flow
MSA FY2018: $229.9MMSA FY2019: $128.4MMSA FY2020: $157.7MMSA FY2021: $155.3MMSA FY2022: $114.9MMSA FY2023: $50.1MMSA FY2024: $242.2MMSA FY2025: $295.4MFY18FY19FY20FY21FY22FY23FY24FY25
MSA $295.4MSNN

Fiscal years as each company reports them; the two may end in different months.

Questions about MSA Safety and Smith & Nephew

Which is bigger by revenue, MSA Safety or Smith & Nephew?

Smith & Nephew is bigger by revenue: $6.2B in fiscal 2025, against $1.9B for MSA Safety in fiscal 2025.

Which keeps more of its revenue as profit, MSA Safety or Smith & Nephew?

MSA Safety had a net margin of 14.9% in fiscal 2025; Smith & Nephew had 10.1% in fiscal 2025.

Which grew revenue faster, MSA Safety or Smith & Nephew?

In their latest fiscal years revenue changed by +3.7% at MSA Safety and +6.1% at Smith & Nephew.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies