Mesabi Trust (MSB) Financial Statements
Industry: Mineral Royalty Traders
In fiscal 2026, Mesabi Trust reported revenue of $17.5M, down 82.2% from $98.6M the year before. Net income was $13.9M (a 79.1% net margin). Gross margin was 79.1% and operating margin was 79.1%. Operating activities generated $14.4M of cash. At fiscal year end, Mesabi Trust held $24.4M in total assets against $4.0M in total liabilities.
Open the full interactive Mesabi Trust financials → Quarterly statements, key ratios, valuation history and price charts.
Mesabi Trust Key Stats
| Share Price | $17.74 |
|---|---|
| Market Cap | $232.7M |
| Dividend Yield | 5.41% |
| Revenue YoY Growth | -82.2% |
| 52-Week Range | $17.74 – $40.37 |
| Shares Outstanding | 13.1 million (basic, 2027 Q2) |
Mesabi Trust Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $26.0M | $71.5M | $7.7M | $22.9M | $98.6M | $17.5M |
| Cost of Goods Sold | $2.5M | $2.7M | $2.4M | $3.9M | $5.3M | $3.7M |
| Gross Profit | $23.4M | $68.8M | $5.3M | $19.0M | $93.3M | $13.9M |
| Operating Income | $23.4M | $68.8M | $5.3M | $19.0M | $93.3M | $13.9M |
| Pre-Tax Income | $23.4M | $68.8M | $5.3M | $19.0M | $93.3M | $13.9M |
| Net Income | $23.4M | $68.8M | $5.3M | $19.0M | $93.3M | $13.9M |
Mesabi Trust Quarterly Results
| 2026 Q3 | 2026 Q4 | 2027 Q1 | 2027 Q2 | |
|---|---|---|---|---|
| Revenue | $3.6M | $3.6M | $2.2M | $2.5M |
| Net Income | $2.8M | $2.7M | $1.1M | -$95,013 |
Mesabi Trust Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Current Assets | $22.9M | $53.9M | $14.1M | $26.7M | $101.7M | $24.4M |
| Total Assets | $22.9M | $53.9M | $14.1M | $26.7M | $101.7M | $24.4M |
| Total Liabilities | $6.5M | $23.1M | $2.7M | $5.7M | $78.4M | $4.0M |
| Shareholders' Equity | $16.5M | $30.8M | $11.4M | $21.0M | $23.3M | $20.4M |
Mesabi Trust Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $20.8M | $62.8M | $13.9M | $14.6M | $93.9M | $14.4M |
| Cash From Investing | $3.4M | $9.9M | — | — | — | — |
| Dividends Paid | $21.9M | $37.5M | $47.6M | $4.6M | $17.7M | $91.4M |
Figures from Mesabi Trust's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mesabi Trust financials page for every line item.
Mesabi Trust Company Profile
| Ticker | MSB |
|---|---|
| Exchange | NYSE |
| Industry | Mineral Royalty Traders |
| Headquarters | New York, New York |
| Incorporated in | New York |
| Fiscal Year End | January 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000065172 |
Frequently Asked Questions
What was Mesabi Trust's revenue in fiscal 2026?
Mesabi Trust (MSB) reported revenue of $17.5M for fiscal 2026.
What is Mesabi Trust's annual revenue history?
Mesabi Trust's annual revenue by fiscal year: 2021: $26.0M; 2022: $71.5M; 2023: $7.7M; 2024: $22.9M; 2025: $98.6M; 2026: $17.5M.
What was Mesabi Trust's net income in fiscal 2026?
Mesabi Trust reported net income of $13.9M for fiscal 2026.
What was Mesabi Trust's revenue last quarter?
In its most recent reported quarter (2027 Q2), Mesabi Trust reported revenue of $2.5M.
How many shares of Mesabi Trust are outstanding?
Mesabi Trust reported a weighted average of 13.1 million basic shares outstanding in 2027 Q2.
What is Mesabi Trust's market cap?
Based on its latest closing price, Mesabi Trust (MSB) has a market capitalization of about $232.7M.
When does Mesabi Trust's fiscal year end?
Mesabi Trust's fiscal year end, as registered with the SEC, is January 31.
Where is Mesabi Trust headquartered?
Mesabi Trust lists its business address in New York, New York in its SEC filings.