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MSC Industrial Direct

MSM NYSE Trading Companies & Distributors Financials FY2017–FY2026

MSC Industrial Direct's revenue rose 6.4% to $4.0 billion in fiscal 2026. Its operating margin was 8.0%, about the same as 8.0% a year earlier. Free cash flow was $225 million, down 6.5%. It paid out $208 million in dividends and buybacks, 93% of free cash flow. The diluted share count rose 0.2%.

Last close · Oct 23, 2026

$113.86

1.3%
Value it Compare
Revenue Total sales reported in the income statement.
$4.0B
6.4% vs prior year
Operating margin Operating income as a share of revenue.
8.0%
0.0 pts
Net income Profit after all expenses, interest and tax.
$223M
11.7%
Free cash flow Cash from operations minus capital spending.
$225M
6.5%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
13.2%
1.0 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$6.4B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
28.6x

What MSC Industrial Direct does

No business description yet.

Legal name
MSC INDUSTRIAL DIRECT CO., INC.
Fiscal year ends
August 29, 2026
Latest annual report
—
Accession · CIK
0001003078-26-000110
0001003078

Revenue and margins

MSC Industrial Direct had $4.0B of revenue in fiscal 2026, up 6.4% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew −0.2% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $225M in fiscal 2026, 5.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

MSC Industrial Direct returned $208M to shareholders in fiscal 2026, 93% of free cash flow. The diluted share count rose 0.2%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value MSC Industrial Direct yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$412M and divides by 56.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 28.6x · peers 28.4x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably MSC Industrial Direct can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $43.5M$50.1M$29.6M$56.2M$65.0M
Debt incl. finance leases $795M$454M$509M$486M$477M
Net debt / EBITDA 1.4x0.7x1.0x1.1x1.0x
Debt / equity 0.6x0.3x0.4x0.4x0.3x
Interest coverage 26.6x21.5x15.2x12.5x14.8x
Current ratio 2.1x2.0x2.0x1.7x1.8x
Quick ratio 1.1x0.9x0.9x0.8x0.9x
Total assets $2.7B$2.5B$2.5B$2.5B$2.5B
Total liabilities $1.4B$1.1B$1.1B$1.1B$1.1B
Shareholders' equity $1.4B$1.5B$1.4B$1.4B$1.4B
Net debt (− = net cash) $751M$404M$479M$430M$412M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$18.0M

2 insiders

Sold, 12 months

$0.2M

1 insider

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Feb 2, 2026 Rudina SeseriDirector Sold 1,800 $86.83 $0.2M Form 4
Nov 18, 2025 Mitchell JacobsonDirector, 10% owner Bought 22,870 $84.96 $1.9M Form 4
Nov 13, 2025 Philip PellerDirector Bought 6,666 $90.14 $0.6M Form 4
Nov 3, 2025 Mitchell JacobsonDirector, 10% owner Bought 51,954 $84.43 $4.4M Form 4
Oct 31, 2025 Mitchell JacobsonDirector, 10% owner Bought 34,073 $84.76 $2.9M Form 4
Oct 30, 2025 Mitchell JacobsonDirector, 10% owner Bought 95,779 $84.92 $8.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✓ ✓
Current ratio rose ✕ ✕ ✓
Share count didn't rise ✕ ✓ ✕
Gross margin rose ✓ ✕ ✓
Revenue rose relative to assets ✓ ✓ ✓
F-score 5 / 96 / 98 / 9
Accruals ratio −6.1%−5.5%−3.4%
Altman Z'' 4.614.104.34

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
MSC Industrial Direct MSM $6.4B 6.4% 8.0% 5.6% 13.2% 28.6x 8
Applied Industrial Technologies AIT $12.0B 8.8% 11.1% 9.3% 20.8% 29.0x 7 Compare →
Watsco WSO $12.3B −5.0% 10.0% 7.4% 20.1% 27.8x 6 Compare →
Core & Main CNM $8.1B 2.8% 9.4% 7.9% 13.7% 17.3x 7 Compare →
Fastenal FAST $59.7B 8.7% 20.2% 12.8% 34.3% 42.2x 7 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $2.9B $3.2B $3.4B $3.2B $3.2B $3.7B $4.0B $3.8B $3.8B $4.0B
Gross profit $1.3B $1.4B $1.4B $1.3B $1.3B $1.6B $1.6B $1.6B $1.5B $1.6B
Operating income $379M $421M $400M $351M $302M $469M $484M $390M $302M $321M
Interest expense $12.4M $14.5M $16.9M $16.7M $14.5M $17.6M $22.5M $25.8M $24.1M $21.7M
Pretax income $368M $406M $383M $334M $288M $451M $456M $343M $264M $292M
Income tax $137M $77.0M $94.3M $82.5M $70.4M $111M $113M $86.8M $65.7M $72.1M
Net income $231M $329M $289M $251M $217M $340M $343M $259M $199M $223M
Diluted EPS $4.05 $5.80 $5.20 $4.51 $3.87 $6.06 $6.11 $4.58 $3.57 $3.98
Diluted shares 0.06B 0.06B 0.06B 0.06B 0.06B 0.06B 0.06B 0.06B 0.06B 0.06B
Cash flow
Cash from operations $247M $340M $328M $397M $225M $246M $700M $411M $334M $307M
Capital expenditure $46.5M $44.9M $51.8M $47.0M $53.7M $61.4M $92.5M $99.4M $92.8M $81.3M
Free cash flow $200M $295M $277M $350M $171M $185M $607M $311M $241M $225M
Depreciation and amortization $63.0M $63.2M $65.4M $69.1M $68.8M $70.4M $75.1M $80.9M $90.6M $101M
Stock-based compensation $13.9M $14.9M $16.3M $16.9M $17.7M $19.3M $18.6M $18.8M $12.6M $19.0M
Acquisitions $42.3M $87.0M $11.6M $2.3M $22.0M $57.9M $20.2M $24.0M $0.8M $0.2M
Share buybacks $49.2M $82.4M $84.6M $3.4M $71.3M $27.4M $95.8M $188M $39.3M $14.0M
Dividends paid $102M $125M $146M $167M $167M $167M $177M $187M $190M $194M
Dividends and buybacks $151M $208M $230M $170M $239M $195M $272M $375M $229M $208M
Balance sheet
Cash and short-term investments $16.1M $46.2M $32.3M $125M $40.5M $43.5M $50.1M $29.6M $56.2M $65.0M
Total debt $533M $535M $439M $616M $784M $793M $454M $508M $485M $477M
Finance lease liabilities $0.0M $0.0M $3.0M $3.7M $2.5M $1.2M $0.5M $0.7M $0.4M $0.5M
Current assets $1.0B $1.1B $1.2B $1.2B $1.3B $1.5B $1.3B $1.2B $1.2B $1.3B
Current liabilities $558M $491M $447M $409M $562M $726M $649M $605M $729M $740M
Inventory $465M $519M $559M $543M $624M $716M $727M $644M $644M $689M
Property and equipment, net $316M $312M $311M $302M $298M $287M $320M $360M $347M $339M
Total assets $2.1B $2.3B $2.3B $2.4B $2.5B $2.7B $2.5B $2.5B $2.5B $2.5B
Total liabilities $874M $902M $827M $1.1B $1.3B $1.4B $1.1B $1.1B $1.1B $1.1B
Shareholders' equity $1.2B $1.4B $1.5B $1.3B $1.2B $1.4B $1.5B $1.4B $1.4B $1.4B
Margins
Gross margin 44.5% 43.5% 42.6% 42.1% 41.1% 42.2% 41.0% 41.2% 40.8% 40.9%
Operating margin 13.1% 13.1% 11.9% 11.0% 9.3% 12.7% 12.1% 10.2% 8.0% 8.0%
EBITDA margin 15.3% 15.1% 13.8% 13.2% 11.4% 14.6% 13.9% 12.3% 10.4% 10.5%
Net margin 8.0% 10.3% 8.6% 7.9% 6.7% 9.2% 8.6% 6.8% 5.3% 5.6%
FCF margin 6.9% 9.2% 8.2% 11.0% 5.3% 5.0% 15.1% 8.2% 6.4% 5.6%
Returns
Return on capital 14.0% 18.8% 16.0% 14.3% 12.3% 17.6% 18.2% 15.4% 12.2% 13.2%
Return on capital employed 24.2% 25.2% 21.8% 18.3% 15.6% 24.0% 24.8% 20.8% 16.8% 18.3%
Return on equity 19.9% 25.2% 20.2% 18.0% 17.6% 27.2% 24.3% 18.0% 14.3% 15.8%
Return on assets 11.1% 15.0% 12.6% 10.7% 9.0% 13.1% 13.0% 10.3% 8.1% 9.0%
Growth
Revenue growth 0.9% 11.0% 5.0% −5.1% 1.6% 13.8% 8.6% −4.7% −1.4% 6.4%
Net income growth 0.1% 42.3% −12.3% −13.1% −13.6% 56.7% 1.0% −24.7% −22.9% 11.7%
EPS growth 7.4% 43.2% −10.3% −13.3% −14.2% 56.6% 0.8% −25.0% −22.1% 11.5%
FCF growth −36.0% 47.2% −6.1% 26.4% −51.2% 8.3% 228.5% −48.7% −22.6% −6.5%
Share count change −6.7% −0.5% −2.1% 0.2% 0.8% −0.1% 0.3% 0.4% −1.0% 0.2%
Financial health
Net debt / EBITDA 1.2x 1.0x 0.9x 1.2x 2.0x 1.4x 0.7x 1.0x 1.1x 1.0x
Debt / equity 0.4x 0.4x 0.3x 0.5x 0.7x 0.6x 0.3x 0.4x 0.4x 0.3x
Interest coverage 30.6x 29.1x 23.7x 21.0x 20.8x 26.6x 21.5x 15.2x 12.5x 14.8x
Current ratio 1.8x 2.3x 2.7x 3.0x 2.3x 2.1x 2.0x 2.0x 1.7x 1.8x
Quick ratio 1.0x 1.3x 1.4x 1.7x 1.2x 1.1x 0.9x 0.9x 0.8x 0.9x
Capital allocation
Capex / revenue 1.6% 1.4% 1.5% 1.5% 1.7% 1.7% 2.3% 2.6% 2.5% 2.0%
Stock comp / revenue 0.5% 0.5% 0.5% 0.5% 0.6% 0.5% 0.5% 0.5% 0.3% 0.5%
Payouts / FCF 75.6% 70.5% 83.3% 48.6% 139.7% 105.4% 44.9% 120.5% 95.1% 92.5%
Quality scores
Piotroski F-score 7.0 8.0 6.0 4.0 3.0 7.0 4.0 5.0 6.0 8.0
Altman Z'' 5.9 6.6 6.5 5.6 4.5 5.0 5.5 4.6 4.1 4.3
Accruals ratio −0.7% −0.5% −1.7% −6.2% −0.3% 3.6% −13.5% −6.1% −5.5% −3.4%

Source: SEC EDGAR XBRL filings (CIK 0001003078). Data updated October 22, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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