Credit and interest ratespositive · 4 filings
“The increase in total borrowings outstanding was driven by higher net borrowings under our credit facilities.”10-Q · Apr 1, 2026 ↗
MSC Industrial Direct Co., Inc.
MSM
Market read
MSC Industrial Direct Co., Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
Company+0.4% todayVolume comparison unavailable
Market group0 of 1 activeIndustrial Distribution · unavailable
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
Watch this read- MSM's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if MSM's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- MSM's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements77
Verified relationships0
Evidence supporting the case
- Operating cash flow covered net income at 1.67x in the latest annual period.
- Credit and interest rates has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Latest annual revenue changed -1.3% year over year.
- Operating margin changed -2.2 percentage points in the latest annual period.
- Net margin changed -1.5 percentage points in the latest annual period.
- Foreign exchange has repeated adverse evidence across 4 filings.
- Pricing and mix has repeated adverse evidence across 3 filings.
Questions before a position
- EV/sales is 61% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
119.836m+29.6%12m+30.4%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-08-28$3.2B+1.6%$3.87+0.8%
2022-09-03$3.7B+13.8%$6.06-0.1%
2023-09-02$4.0B+8.6%$6.11+0.3%
2024-08-31$3.8B-4.7%$4.58+0.4%
2025-08-30$3.8B-1.3%$3.57-1.0%
What management says matters
Persistent and emerging business drivers
Foreign exchangenegative · 4 filings
“The decrease was primarily due to lower interest costs on our Credit Facilities, lower fees incurred associated with the Receivables Purchase Agreement and remeasurement gains from foreign exchange compared to foreign exchange losses in the prior year.”10-Q · Apr 1, 2026 ↗
Demand and volumenegative · 3 filings
“Non-manufacturing demand, in particular the Company’s public sector end-market, recovered from lower sales levels in the first fiscal quarter as a result of the federal government shutdown but such recovery was partially offset by the partial federal governme…”10-Q · Apr 1, 2026 ↗
Pricing and mixnegative · 3 filings
“The increase in gross profit was primarily a result of higher net sales, as described above, while the increase in gross profit margin was primarily a result of favorable pricing actions as a result of tariff-driven product cost inflation concerns.”10-Q · Apr 1, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.8× · EV/sales 1.8×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
119.83+0.4% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for MSM. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for MSM. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind MSM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
MSM is currently a Leader in the organic co-movement group Industrial Distribution. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
This group is retained as the last observed read for MSM; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.