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Held by 424 of 5,944 reporting institutions (96th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
No trend data available for this metric.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $178.70 today, the market must believe free cash flow compounds 16.3%/yr for a decade (off $196M normalized FCF).
The market's 16.3% is more optimistic than its 9-yr track record.
2-stage DCF · 0.04B shares · net debt $416M
mean 44.5% · volatility σ 134% · implied rate exceeded in 4/9 yrs
Central path = implied 16.3%/yr growth; shaded band = ±1σ (134%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 28% of free cash flow, leaving room to grow it and fund buybacks. Last year: $82M dividends + $0 buybacks = $82M returned on $295M FCF.
9 consecutive years of dividend increases · 6%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 14%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $165M covers the $8M due within a year 20.1× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~5.5% on $581M of debt.
Cash of $165M fully covers short-term debt of $8M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.87B 100.0% | $1.81B 100.0% | $1.79B 100.0% | $1.53B 100.0% | $1.40B 100.0% | $1.35B 100.0% | $1.40B 100.0% | $1.36B 100.0% | $1.20B 100.0% | $1.15B 100.0% |
| Cost of Revenue | $1.00B 53.5% | $947.7M 52.4% | $935.5M 52.3% | $854.1M 55.9% | $784.8M 56.1% | $752.7M 55.8% | $763.4M 54.4% | $746.2M 54.9% | $657.9M 55.0% | $627.3M 54.6% |
| Cost of Products | — | — | — | — | — | — | — | — | $656.4M 54.8% | $625.9M 54.4% |
| Gross Profit | $871.1M 46.5% | $860.4M 47.6% | $852.1M 47.7% | $673.8M 44.1% | $615.3M 43.9% | $595.5M 44.2% | $638.6M 45.6% | $611.9M 45.1% | $538.9M 45.0% | $522.2M 45.4% |
| Research & Development | $65.3M 3.5% | $66.5M 3.7% | $68.0M 3.8% | $57.0M 3.7% | $57.8M 4.1% | $58.3M 4.3% | $57.8M 4.1% | $52.7M 3.9% | $50.1M 4.2% | $46.8M 4.1% |
| Selling, General & Admin | $414.3M 22.1% | $394.7M 21.8% | $396.6M 22.2% | $338.9M 22.2% | $332.9M 23.8% | $290.3M 21.5% | $330.5M 23.6% | $324.8M 23.9% | $300.1M 25.1% | $308.2M 26.8% |
| Operating Income | $371.8M 19.8% | $389.2M 21.5% | $231.3M 12.9% | $239.1M 15.7% | $22.8M 1.6% | $171.9M 12.7% | $188.2M 13.4% | $173.5M 12.8% | $39.6M 3.3% | $160.7M 14.0% |
| Interest Expense | $31.8M 1.7% | $36.9M 2.0% | $46.7M 2.6% | $21.7M 1.4% | $10.8M 0.8% | $9.4M 0.7% | $13.6M 1.0% | $18.9M 1.4% | $15.4M 1.3% | $16.4M 1.4% |
| Other Income (Expense), net | -$5.4M -0.3% | -$14.2M -0.8% | -$24.6M -1.4% | -$604K -0.0% | $824K 0.1% | -$3.7M -0.3% | -$2.5M -0.2% | -$11.1M -0.8% | -$9.8M -0.8% | -$8.8M -0.8% |
| Pretax Income | $366.4M 19.5% | $375.0M 20.7% | $206.7M 11.6% | $238.5M 15.6% | $23.6M 1.7% | $168.1M 12.5% | $185.8M 13.2% | $162.3M 12.0% | $29.8M 2.5% | $151.9M 13.2% |
| Income Tax Expense | $87.5M 4.7% | $90.0M 5.0% | $148.1M 8.3% | $58.9M 3.9% | $1.8M 0.1% | $43.0M 3.2% | $46.5M 3.3% | $37.2M 2.7% | $2.8M 0.2% | $57.8M 5.0% |
| Net Income | $278.9M 14.9% | $285.0M 15.8% | $58.6M 3.3% | $179.6M 11.8% | $21.3M 1.5% | $124.1M 9.2% | $138.0M 9.8% | $124.2M 9.1% | $26.0M 2.2% | $91.9M 8.0% |
| Per Share | ||||||||||
| EPS (Basic) | $7.11 | $7.24 | $1.49 | $4.58 | $0.54 | $3.19 | $3.56 | $3.23 | $0.68 | $2.45 |
| EPS (Diluted) | $7.09 | $7.21 | $1.48 | $4.56 | $0.54 | $3.15 | $3.52 | $3.18 | $0.67 | $2.42 |
| Weighted Avg Shares (Basic) | 39.2M | 39.4M | 39.3M | 39.2M | 39.2M | 38.9M | 38.7M | 38.4M | 38.0M | 37.5M |
| Weighted Avg Shares (Diluted) | 39.3M | 39.5M | 39.5M | 39.4M | 39.4M | 39.3M | 39.2M | 39.0M | 38.7M | 38.0M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-09-17
No material risks flagged.
Where each multiple sits in its own 14-yr range · 57th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 54.9 | 54.4 | 55.8 | 56.1 | 55.9 | 52.3 | 52.4 | 53.5 |
| Gross Profit | 45.1 | 45.6 | 44.2 | 43.9 | 44.1 | 47.7 | 47.6 | 46.5 |
| R&D | 3.9 | 4.1 | 4.3 | 4.1 | 3.7 | 3.8 | 3.7 | 3.5 |
| SG&A | 23.9 | 23.6 | 21.5 | 23.8 | 22.2 | 22.2 | 21.8 | 22.1 |
| Operating Income | 12.8 | 13.4 | 12.7 | 1.6 | 15.7 | 12.9 | 21.5 | 19.8 |
| Income Tax | 2.7 | 3.3 | 3.2 | 0.1 | 3.9 | 8.3 | 5.0 | 4.7 |
| Net Income | 9.1 | 9.8 | 9.2 | 1.5 | 11.8 | 3.3 | 15.8 | 14.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on MSA: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $28.75T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $364.2B | 41.6× | 29.1× | 5.4× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.2B | 38.4× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $264.2B | 39.7× | 18.8× | 3.0× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $204.4B | 81.4× | 41.0× | 2.3× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $181.0B | 36.2× | — | 4.0× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $174.3B | 47.1× | 31.1× | 5.4× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $166.7B | 23.4× | 16.0× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $154.3B | 38.1× | — | 5.6× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.9B | 28.2× | 16.2× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.0B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $117.9B | 33.9× | 26.6× | 5.9× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.7B | 25.0× | — | 5.0× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $97.3B | 23.3× | 17.1× | 1.9× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.0B | 32.5× | 23.2× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| PWR | $92.6B | 91.1× | 46.0× | 3.3× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| VRT | $91.6B | 70.2× | 43.4× | 8.9× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| JCI | $91.6B | 27.9× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $91.5B | 61.4× | 40.3× | 11.1× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $86.2B | 27.1× | 16.6× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.2B | 31.9× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $83.9B | 15.1× | 9.4× | 0.9× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $82.1B | 36.1× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $80.4B | 45.3× | 28.9× | 7.8× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| MSA | $7.0B | 25.4× | 16.7× | 3.7× | 3.7% | 46.5% | 14.9% | 20.4% | 14.3% | 1.3× | 424 |
Peers = companies sharing MSA's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.