MSC Industrial Direct Co., Inc. MSM

IndustrialsMachinery, Tools, Heavy Vehicles, Trains & ShipsUnited States of America

Last close 119.62 USD on Nov 2, 2026, +46.1% year to date

Quant rating

Quant rating A Rank 47 of 486 in Industrials

Growth C 240 of 486
Valuation C 308 of 486
Quality A 72 of 486
Revisions A 41 of 486
Momentum B 137 of 486

Wall Street consensus Buy (2.27)Average target 134.04 USD +12.1%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 6.7B
Enterprise value: 7.1B
52-week range: 78.80 – 133.92
3-year range: 70.15 – 133.92
Dividend yield: 2.94%
Beta (5 years): 0.81
Shares outstanding: 55.9M
Next earnings: Jan 5, 2027

About the company

MSC Industrial Direct Co, Inc. is a distributor of a range of metalworking and maintenance, repair and operations (MRO) products and services. Its range of metalworking and MRO products includes cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies. It offers saleable stock-keeping units through its e-commerce channels, including its Website https://www.mscdirect.com; its inventory management solutions; its brochures, and its customer care centers, customer fulfillment centers, regional inventory centers and warehouses. It offers advanced tools that integrate its solutions with customer purchasing platforms and workflows. This includes straightforward integrations, such as embedding customer inventory levels into searches on the Company’s Website.

Growth and profitability fiscal year ends August 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	3,770	3,821	4,009	3,692	3,243	–
Revenue growth	−1.3%	−4.7%	8.6%	13.8%	1.6%	3.4%
EPS (basic, normalized)	3.76	4.81	6.29	6.15	4.81	–
EPS growth	−21.8%	−23.5%	2.3%	27.9%	–	–
Gross margin	40.8%	41.2%	41.0%	42.2%	41.1%	41.2%
Net margin	5.3%	6.8%	8.6%	9.2%	6.7%	7.3%
ROE	14.3%	18.0%	24.3%	27.2%	17.6%	20.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	65.0
Current ratio	1.78x
Long-term debt (mil)	160
Net debt (mil)	412
Total equity (mil)	1,426
Net debt / equity	0.29x
Net debt / EBITDA	0.86x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	3,770	−1.3%	1.9x	481	+19.5%	14.8x	4.69	+24.7%	25.5x
2027	4,330	+14.9%	1.6x	557	+16.0%	12.7x	5.60	+19.4%	21.4x
2028	4,588	+6.0%	1.5x	622	+11.6%	11.4x	6.57	+17.3%	18.2x
2029	4,725	+3.0%	1.5x	652	+4.8%	10.9x	7.00	+6.6%	17.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	4,330	+1.7%	+1.3%	+3.9%	5.60	+2.8%	+2.2%	+13.8%
2028	4,588	+2.4%	+1.9%	+4.7%	6.57	+5.9%	+5.9%	+16.1%
2029	4,725	+1.9%	+1.7%	+5.3%	7.00	+7.1%	+8.0%	+19.8%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026
Sales reported (mil)	935	979	952	928	892	971	978	966	918	1,047
Sales mean (mil)	947	979	960	905	900	970	964	964	932	1,033
Surprise	−1.2%	0.0%	−0.8%	+2.6%	−0.9%	+0.1%	+1.4%	+0.2%	−1.5%	+1.4%
EPS reported	1.18	1.33	1.03	0.86	0.72	1.08	1.09	0.99	0.82	1.43
EPS mean	1.16	1.33	1.08	0.73	0.68	1.03	1.02	0.95	0.84	1.27
Surprise	+1.8%	+0.1%	−4.7%	+17.9%	+5.6%	+5.0%	+7.3%	+4.4%	−1.9%	+12.8%

Peer comparison Machinery, Tools, Heavy Vehicles, Trains & Ships

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
MSM MSC Industrial Direct Co., Inc.	6.7B	0.86x	5.3%	4.69x	21.4x	18.2x	12.7x	11.4x
ETN Eaton Corporation PLC	142.2B	2.91x	14.9%	7.02x	26.9x	22.7x	20.7x	17.6x
PH Parker-Hannifin Corporation	117.1B	1.43x	17.0%	7.59x	26.1x	23.5x	18.4x	16.9x
TT Trane Technologies PLC	90.5B	0.70x	13.9%	9.94x	27.1x	23.3x	19.3x	16.8x
JCI Johnson Controls International PLC	88.7B	1.83x	7.3%	6.52x	23.4x	19.7x	17.4x	15.4x
EMR Emerson Electric Co	92.6B	2.13x	12.7%	4.54x	25.3x	22.8x	18.8x	17.5x
Mean		1.64x	11.8%	6.72x	25.0x	21.7x	17.9x	15.9x
Median		1.63x	13.3%	6.77x	25.7x	22.7x	18.6x	16.8x

Technical analysis

1M−8.1%
3M−3.1%
1Y+46.1%
3Y+38.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, MSC Industrial Direct Co., Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	3,770	3,821	4,009	3,692	3,243	3,192
Cost of revenue	2,233	2,248	2,366	2,134	1,910	1,849
Gross profit	1,536	1,573	1,643	1,558	1,334	1,343
Selling, general & administrative expenses	28.8	31.0	27.8	33.6	35.5	30.3
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	11.0	15.6	7.9	5.7	37.3	10.4
Other operating expenses	1,195	1,136	1,124	1,050	959	952
Operating income	302	390	484	469	302	351
Net interest income (expense)	−22.9	−25.4	−21.5	−17.4	−14.4	−16.3
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−15.1	−22.3	−6.1	−0.1	1.1	−0.2
Net income before taxes	264	343	456	451	288	334
Provision for taxes	65.7	86.8	113	111	70.4	82.5
Minority interest	1.5	2.6	0.1	−0.7	−1.0	−0.6
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	199	259	343	340	217	251
Extraordinary items	–	–	–	–	–	–
Net income	199	259	343	340	217	251
EBIT, normalized	313	406	492	474	339	361
EBITDA, normalized	401	487	566	544	408	430
Basic EPS, normalized	3.76	4.81	6.29	6.15	4.81	–

Balance sheet in millions of USD, fiscal years

Balance sheet, MSC Industrial Direct Co., Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	56.2	29.6	50.1	43.5	40.5	125
Receivables	423	412	435	688	560	492
Total inventory	644	644	727	716	624	543
Prepaid expenses	103	102	106	96.9	89.2	77.7
Other current assets	0	0	0	0	0	0
Total current assets	1,227	1,188	1,318	1,544	1,314	1,238
Property, plant & equipment	399	419	386	351	347	358
Goodwill	724	724	718	710	693	678
Intangibles	85.5	101	111	114	102	105
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	27.2	30.3	12.2	9.9	5.9	4.1
Total assets	2,462	2,462	2,544	2,729	2,462	2,382
Liabilities
Accounts payable	225	206	226	217	186	126
Payable/accrued	–	–	–	–	–	–
Accrued expenses	187	170	193	183	173	161
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	317	230	230	326	202	122
Other current liabilities	0	0	0	0	0	0
Total current liabilities	729	605	649	726	562	409
Long-term debt	169	279	224	469	584	497
Minority interest	8.3	9.5	13.4	11.8	11.0	5.6
Other liabilities	167	177	178	172	155	156
Total liabilities	1,074	1,071	1,065	1,379	1,311	1,067
Shareholders' equity
Preferred stock	0	0	0	–	–	–
Common stock	0.1	0.1	0.1	0.1	0.1	0.1
Additional paid-in capital	1,094	1,070	850	798	741	691
Retained earnings (accumulated deficit)	433	457	755	681	532	750
Treasury stock	−117	−114	−108	−106	−104	−104
Other equity	−20.7	−21.1	−17.7	−23.1	−18.0	−21.4
Total equity	1,388	1,392	1,479	1,350	1,151	1,315
Total liabilities & shareholders' equity	2,462	2,462	2,544	2,729	2,462	2,382

Cash flow statement in millions of USD, fiscal years

Cash flow statement, MSC Industrial Direct Co., Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	198	256	343	340	218	252
Depreciation, depletion & amortization	90.6	80.9	75.1	70.4	68.8	69.1
Deferred taxes	−2.9	9.7	6.7	10.8	−13.6	7.7
Non-cash items	43.9	32.5	50.5	36.2	91.5	51.4
Changes in working capital	4.3	31.7	224	−212	−140	16.7
Cash from operations	334	411	700	246	224	397
Investing activities
Capital expenditures	−92.8	−99.4	−92.5	−61.4	−53.7	−47.0
Other investing cash flows	29.5	−24.0	−20.2	−33.1	−22.0	−2.3
Cash from investing	−63.3	−123	−113	−94.5	−75.7	−49.3
Financing activities
Financing cash flow items	−4.0	3.7	−124	0.6	−20.1	−18.8
Cash dividends paid	−190	−187	−177	−167	−363	−444
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−50.0	−124	−280	18.6	149	208
Cash from financing	−244	−307	−580	−148	−234	−255
Foreign exchange effects	−0.2	−0.4	0	−0.5	0.4	0.1
Net change in cash	26.6	−20.5	6.5	3.0	−84.7	92.9
Free cash flow	241	311	607	185	171	350

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.