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Mesabi Trust

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Key Metrics

Previous Close: $23.93
52-Week Range: $21.60 – $42.38
Market Cap: —
P/E (TTM): 26.92
EPS (TTM): 0.86
Dividend Yield: 3.72%

Advanced Metrics

Price/Book: 16.56
PEG Ratio: —
Return on Equity: 59.68%
Return on Assets: 28.92%
Gross Margin: 100.00%
Operating Margin: 48.42%
Profit Margin: 75.32%
Current Ratio: 6.12
Debt/Equity: —
Total Debt: $0.00
Free Cash Flow: $4.47M
Revenue Growth: -52.60%
Earnings Growth: -70.10%
Enterprise Value: $293.68M

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
Revenue	$4.35M	$5.42M	$3.39M	$3.41M	$2.08M
Operating Income	$4.35M	$5.42M	$3.39M	-$58.85K	$2.08M
EBITDA	$4.35M	$5.42M	$3.39M	-$58.85K	$2.08M
Pretax Income	$3.63M	$4.74M	$2.77M	$2.73M	$1.09M
Net Income	$3.63M	$4.74M	$2.77M	$2.73M	$1.09M
Diluted EPS	0.28	0.36	0.21	—	0.08
Diluted Shares	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
Cash & Equivalents	$24.22M	$21.25M	$23.19M	$23.16M	$20.29M
Receivables	$3.10M	$3.21M	$2.58M	$1.05M	$1.50M
Current Assets	$27.43M	$24.78M	$26.00M	$24.36M	$21.92M
Total Assets	$27.43M	$24.78M	$26.00M	$24.36M	$21.92M
Current Liabilities	$7.82M	$2.00M	$4.91M	$3.95M	$3.58M
Total Liabilities	$7.82M	$2.00M	$4.91M	$3.95M	$3.58M
Retained Earnings	$19.61M	$22.78M	$21.09M	$20.40M	$18.34M
Shareholders' Equity	$19.61M	$22.78M	$21.09M	$20.40M	$18.34M
Working Capital	$19.61M	$22.78M	$21.09M	$20.40M	$18.34M

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

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.