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Mesabi Trust

Cyclical demand Sells to businesses Commodity producerTags from an AI model reading the company description.

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Key Metrics

Previous Close: $19.10
52-Week Range: $18.50 – $42.38
Market Cap: $247.97M
P/E (TTM): 38.57
EPS (TTM): 0.49
Dividend Yield: 4.71%

Advanced Metrics

Price/Book: 14.09
PEG Ratio: —
Return on Equity: 32.13%
Return on Assets: 18.43%
Gross Margin: 100.00%
Operating Margin: -3.83%
Profit Margin: 54.46%
Current Ratio: 8.81
Debt/Equity: —
Total Debt: $0.00
Free Cash Flow: $5.44M
Revenue Growth: -55.80%
Earnings Growth: —
Enterprise Value: $230.58M

MSB Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$7.50M	$22.09M	$25.46M	$16.57M
Cost of Revenue	$332.35K	$257.06K	$256.65K	$456.37K
Gross Profit	$7.16M	$21.84M	$25.20M	$16.11M
Selling, General & Admin	$1.97M	$3.21M	$4.48M	$2.92M
Operating Expenses	$2.05M	$3.29M	$4.56M	$3.02M
Operating Income	$5.12M	$18.54M	$20.64M	$13.10M
EBITDA	$5.12M	$18.54M	$20.64M	$13.10M
Pretax Income	$5.31M	$18.98M	$93.27M	$13.87M
Net Income	$5.31M	$18.98M	$93.27M	$13.87M
Diluted EPS	0.41	1.45	7.11	1.06
Diluted Shares	13.12M	13.12M	13.12M	13.12M

MSB Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$13.97M	$23.98M	$100.20M	$23.16M
Receivables	$23.56K	$2.41M	$1.40M	$1.05M
Current Assets	$14.12M	$26.69M	$101.73M	$24.36M
Total Assets	$14.12M	$26.69M	$101.73M	$24.36M
Current Liabilities	$2.68M	$5.72M	$78.40M	$3.95M
Total Liabilities	$2.68M	$5.72M	$78.40M	$3.95M
Retained Earnings	$11.44M	$20.98M	$23.33M	$20.40M
Shareholders' Equity	$11.44M	$20.98M	$23.33M	$20.40M
Working Capital	$11.44M	$20.98M	$23.33M	$20.40M

MSB Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$13.86M	$14.61M	$93.94M	$14.40M
Free Cash Flow	$13.86M	$14.61M	$93.94M	$14.40M
Investing Cash Flow	$0.00	$0.00	—	—
Financing Cash Flow	-$47.63M	-$4.59M	-$17.71M	-$91.45M
Dividends Paid	-$47.63M	-$4.59M	-$17.71M	-$91.45M
Net Change in Cash	-$33.76M	$10.01M	$76.22M	-$77.04M

MSB Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Revenue	$4.35M	$5.42M	$3.39M	$3.41M	$2.08M	$2.33M
Operating Income	$4.35M	$5.42M	$3.39M	-$58.85K	$2.08M	$2.33M
EBITDA	$4.35M	$5.42M	$3.39M	-$58.85K	$2.08M	$2.33M
Pretax Income	$3.63M	$4.74M	$2.77M	$2.73M	$1.09M	-$95.01K
Net Income	$3.63M	$4.74M	$2.77M	$2.73M	$1.09M	-$95.01K
Diluted EPS	0.28	0.36	0.21	—	0.08	-0.01
Diluted Shares	13.12M	13.12M	13.12M	—	13.12M	13.12M

MSB Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Cash & Equivalents	$24.22M	$21.25M	$23.19M	$23.16M	$20.29M	$17.39M
Receivables	$3.10M	$3.21M	$2.58M	$1.05M	$1.50M	$2.02M
Current Assets	$27.43M	$24.78M	$26.00M	$24.36M	$21.92M	$19.84M
Total Assets	$27.43M	$24.78M	$26.00M	$24.36M	$21.92M	$19.84M
Current Liabilities	$7.82M	$2.00M	$4.91M	$3.95M	$3.58M	$2.25M
Total Liabilities	$7.82M	$2.00M	$4.91M	$3.95M	$3.58M	$2.25M
Retained Earnings	$19.61M	$22.78M	$21.09M	$20.40M	$18.34M	$17.59M
Shareholders' Equity	$19.61M	$22.78M	$21.09M	$20.40M	$18.34M	$17.59M
Working Capital	$19.61M	$22.78M	$21.09M	$20.40M	$18.34M	$17.59M

MSB Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Operating Cash Flow	$2.08M	$4.38M	$3.52M	$4.43M	$533.67K	$249.13K
Free Cash Flow	$2.08M	$4.38M	$3.52M	$4.43M	$533.67K	$249.13K
Financing Cash Flow	-$78.06M	-$7.35M	-$1.57M	-$4.46M	-$3.41M	-$3.15M
Dividends Paid	-$78.06M	-$7.35M	-$1.57M	-$4.46M	-$3.41M	-$3.15M
Net Change in Cash	-$75.98M	-$2.97M	$1.94M	-$29.31K	-$2.88M	-$2.90M

Market Snapshot

About

Mesabi Trust is a royalty trust that holds mineral interests in iron ore properties located in northern Minnesota. The trust receives royalty payments based on iron ore extracted and sold from these mining properties. Distributions to unitholders depend on mining activity and iron ore prices.