Msc Industrial Direct Co. Inc. (MSM) intrinsic value & 10-year financials
Msc Industrial Direct Co. Inc. (MSM) has a Graham intrinsic value of $22.48 per share. At $130.38 on Oct 17, 2026, the stock trades 480% above that value. Over the last 10 fiscal years revenue grew 3.1% a year to $3.8B, with an average return on invested capital of 16.9%.
- Graham intrinsic value
- $22.48
- Share price (Oct 17, 2026)
- $130.38
- Price vs Graham value
- 480% above
- Market cap
- $7.3B
- Revenue (FY2025)
- $3.8B
- Revenue growth (10-yr CAGR)
- 3.1%
- ROIC (10-yr avg)
- 16.9%
- Free cash flow (FY2025)
- $240.9M
MSM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.8B | $199.3M | $3.57 | $240.9M | 8.0% | 14.4% |
| FY2024 | $3.8B | $258.6M | $4.58 | $311.3M | 10.2% | 17.7% |
| FY2023 | $4.0B | $343.2M | $6.11 | $607.1M | 12.1% | 21.2% |
| FY2022 | $3.7B | $339.8M | $6.06 | $184.8M | 12.7% | 20.4% |
| FY2021 | $3.2B | $216.9M | $3.87 | $170.7M | 9.3% | 13.5% |
| FY2020 | $3.2B | $251.1M | $4.51 | $349.7M | 11.0% | 14.8% |
| FY2019 | $3.4B | $288.9M | $5.20 | $276.7M | 11.9% | 16.0% |
| FY2018 | $3.2B | $329.2M | $5.80 | $294.7M | 13.1% | 18.8% |
| FY2017 | $2.9B | $231.4M | $4.05 | $200.3M | 13.1% | 15.2% |
| FY2016 | $2.9B | $231.2M | $3.77 | $313.2M | 13.1% | 16.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
MSC INDUSTRIAL DIRECT CO INC has demonstrated mature, steady growth, with revenue compounding at 3.1% annually over the past decade.
MSC INDUSTRIAL DIRECT CO INC has earned high returns on invested capital, averaging 16.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
MSC INDUSTRIAL DIRECT CO INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, MSC INDUSTRIAL DIRECT CO INC is modeled at -0.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $22.48 per share.