Company / R&D Expense
MSA Safety R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$65.3M
FY2025
5-year range
$57.0M / $68.0M
FY2021-FY2025
Trend
-1.8%
vs FY2024
Sector context
#94 of 174
Industrials
What the data says
At $65M, MSA Safety's r&d expense ranks #94 of 174 in the Industrials sector. R&D Expense has fluctuated over the past 10 years, ranging from $47M in FY2016 to $68M in FY2023.
Based on SEC 10-K filings.
$65M in FY2025 with a 5-year CAGR of +2.3%.
Declined from $68M to $65M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +4.7%
- 5-Year CAGR
- +2.3%
- 10-Year CAGR
- -
Sector benchmark
#94 of 174 in IndustrialsTop 54% of 174This company $65.3M Sector average $273.7M
▼
-76.1% below sector average
Key checks
Key Insights
- 5-year CAGR of +2.3%, indicating consistent growth.
- In FY2025, r&d expense decreased 1.8% year-over-year.
- Ranks #94 out of 174 companies in the Industrials sector.
- Peak r&d expense was recorded in FY2023.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $65.3M | -1.8% |
| FY2024 | $66.5M | -2.2% |
| FY2023 | $68.0M | +19.3% |
| FY2022 | $57.0M | -1.4% |
| FY2021 | $57.8M | -0.8% |
| FY2020 | $58.3M | +0.7% |
| FY2019 | $57.8M | +9.8% |
| FY2018 | $52.7M | +5.3% |
| FY2017 | $50.1M | +6.9% |
| FY2016 | $46.8M | -3.7% |
As of FY2025 · SEC 10-K · Updated Mar 29, 2026