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MSM

MSC Industrial Direct Co., Inc.

MSM

MSC Industrial Direct Co., Inc. • NYSE
$88.96 ▼ -0.43% (-0.38)
Market Cap $4.96 B
52w High $94.31
52w Low $68.10
Dividend Yield 3.42%
P/E 24.92
Volume 144.45K
Outstanding Shares 55.78M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $978.175M ▲ $306.108M ▼ $56.546M ▼ 5.781% ▼ $1.01 ▼ $104.557M ▲
Q3-2025 $971.145M ▲ $311.157M ▲ $56.845M ▲ 5.853% ▲ $1.02 ▲ $103.975M ▲
Q2-2025 $891.717M ▼ $301.578M ▼ $39.314M ▼ 4.409% ▼ $0.7 ▼ $80.928M ▼
Q1-2025 $928.484M ▼ $303.563M ▲ $46.623M ▼ 5.021% ▼ $0.83 ▼ $88.359M ▼
Q4-2024 $952.284M $296.46M $55.692M 5.848% $0.99 $103.54M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $56.228M ▼ $2.462B ▼ $1.066B ▼ $1.388B ▲
Q3-2025 $71.692M ▲ $2.476B ▲ $1.1B ▲ $1.367B ▲
Q2-2025 $41.276M ▼ $2.462B ▼ $1.098B ▲ $1.356B ▼
Q1-2025 $57.266M ▲ $2.474B ▲ $1.09B ▲ $1.375B ▼
Q4-2024 $29.588M $2.462B $1.061B $1.392B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $56.546M ▼ $80.256M ▼ $-21.731M ▼ $-73.974M ▲ $-15.464M ▼ $58.525M ▼
Q3-2025 $56.845M ▲ $97.127M ▲ $9.184M ▲ $-76.508M ▼ $30.416M ▲ $75.975M ▲
Q2-2025 $39.314M ▼ $54.466M ▼ $-30.339M ▼ $-39.731M ▲ $-15.99M ▼ $24.677M ▼
Q1-2025 $46.623M ▼ $101.868M ▼ $-20.408M ▲ $-53.359M ▲ $27.678M ▲ $81.7M ▲
Q4-2024 $55.692M $107.263M $-40.183M $-62.877M $3.66M $81.211M

Five-Year Company Overview

Income Statement

Income Statement MSC’s revenue has been relatively steady over the past several years, with a high point recently and then a modest step down as industrial demand softened. Profitability remains solid but has clearly come under pressure: operating and net income are lower than a few years ago, suggesting some combination of weaker volumes, mix, or cost pressures. Earnings per share have declined from prior peaks, which may reflect both margin compression and a slower growth environment. Overall, the income statement tells a story of a mature, profitable distributor facing a more challenging backdrop rather than structural deterioration.

Balance Sheet

Balance Sheet The balance sheet looks generally sound and conservative. Total assets have stayed fairly stable, indicating a steady, not overly aggressive, growth strategy. Debt sits at a moderate level and has edged down from earlier peaks, which lowers financial risk, though the company does not run with a large cash cushion. Shareholders’ equity has gradually built up over time and then leveled off, consistent with a business that generates profits but also returns a meaningful portion of value back to owners.

Cash Flow

Cash Flow Cash generation is a relative bright spot. Operating cash flow has been uneven year to year but, on the whole, comfortably positive and broadly in line with reported profits. Capital spending needs are modest, so free cash flow has stayed positive even in softer years, giving the company flexibility for dividends, buybacks, or debt reduction if it chooses. The pattern is typical of an asset-light distributor: not spectacular growth, but dependable cash conversion and low capital intensity.

Competitive Edge

Competitive Edge MSC holds a defensible niche in industrial distribution, especially in metalworking and MRO products. Its advantage stems from a very broad product catalog, a well-developed distribution network, and deep technical expertise that generalist distributors struggle to match. The company competes with larger names in the space, so its moat is better described as narrow but durable, supported by long-standing customer relationships, embedded services, and government contracts. Its consultative, “mission critical” approach makes it harder for customers to switch purely on price, but it still operates in a competitive, cyclical industry.

Innovation and R&D

Innovation and R&D MSC has been actively shifting from a traditional catalog distributor to a more tech-enabled, solution-focused partner. It has developed specialized tools and services for metalworking optimization, cloud-based collaboration platforms, and programs that integrate closely with customers’ production and procurement processes. Its e-commerce site is a key strategic asset, with ongoing upgrades in personalization, search, and user experience. The company is also experimenting with AI, in-plant staffing models, and private-label product lines, all of which are aimed at deepening customer integration and improving productivity rather than conventional lab-style R&D.

Summary

MSC Industrial Direct appears to be a mature industrial distributor with a solid financial base, consistent if unspectacular revenue, and profitability that has softened but remains respectable. The balance sheet is steady, leverage is moderate, and cash flow is a key strength thanks to low capital needs. Competitively, MSC benefits from scale, specialization in metalworking, and value-added services that support a narrow but meaningful moat in a tough industry. Its strategic push into digital tools, e-commerce, on-site services, and AI-enabled solutions suggests an ongoing effort to defend and slowly expand its position, even as near-term earnings reflect a more challenging industrial cycle.

NEWS

November 20, 2025 · 4:00 AM UTC

Metalsource Mining Commences Geophysical Survey Program at North Carolina Projects

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November 6, 2025 · 5:00 PM UTC

MSC Industrial Supply Co. to Participate at Upcoming Investor Conferences

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October 23, 2025 · 6:30 AM UTC

MSC Industrial Supply Co. Announces Planned CEO Transition

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October 14, 2025 · 7:00 AM UTC

Laser Photonics Announces Multi-Unit Sale Through MSC Industrial Direct to Aerospace Manufacturer

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October 7, 2025 · 5:00 PM UTC

MSC Industrial Supply Co. Declares Increase in Regular Quarterly Dividend

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