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NYSE · Industrials

Mesabi Trust (MSB)

Mesabi Trust reported revenue of $98.6M in fiscal 2025, up 331.3% from a year earlier. Net income was $93.3M, a net margin of 94.6%. At July 31, 2026 it held $17.4M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on September 11, 2026.

Price
$19.12
-1.39% on the day · September 25, 2026
52-week range $18.73 to $42.38
Market cap
$250.9M
Revenue (FY2025)
$98.6M
+331.3% year on year
Net margin
94.6%
P/E
2.7
on FY2025 diluted EPS

What Mesabi Trust does

Mesabi Trust is registered with the SEC under industry code SIC 6795 (Mineral Royalty Traders). Its shares trade on NYSE under the ticker MSB.

Revenue and profit by year

Revenue
FY17: $34.5M $34.5M FY17FY18: $47.3M $47.3M FY18FY19: $32M $32M FY19FY21: $26M $26M FY21FY22: $71.5M $71.5M FY22FY23: $7.7M $7.7M FY23FY24: $22.9M $22.9M FY24FY25: $98.6M $98.6M FY25
Net income
FY17: $33.4M $33.4M FY17FY18: $45.6M $45.6M FY18FY19: $30.1M $30.1M FY19FY21: $23.4M $23.4M FY21FY22: $68.8M $68.8M FY22FY23: $5.3M $5.3M FY23FY24: $19M $19M FY24FY25: $93.3M $93.3M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$98.6Mn/a$93.3M$7.11n/a
2024$22.9Mn/a$19M$1.45n/a
2023$7.7Mn/a$5.3M$0.41n/a
2022$71.5Mn/a$68.8M$5.24n/a
2021$26Mn/a$23.4M$1.78n/a
2019$32Mn/a$30.1M$2.29n/a

Latest SEC filings

What Mesabi Trust has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 11, 2026
    Quarterly report 10-Q · period to July 31, 2026
  2. July 31, 2026
    Quarterly results 8-K
  3. July 14, 2026
    Quarterly results 8-K
  4. June 12, 2026
    Quarterly report 10-Q · period to April 30, 2026
  5. May 4, 2026
    Quarterly results 8-K
  6. April 29, 2026
    Passive stake changed SCHEDULE 13G/A
  7. April 22, 2026
    Annual report to shareholders ARS
  8. April 22, 2026
    Annual report 10-K · period to January 31, 2026
  9. April 14, 2026
    Quarterly results 8-K
  10. February 3, 2026
    Quarterly results 8-K

Recent insider filings (Forms 3, 4 and 144): 10, the latest on June 12, 2019. Insider transactions on SEC

All filings on SEC EDGAR

Questions about MSB

What does Mesabi Trust do?

Mesabi Trust is registered with the SEC under industry code SIC 6795 (Mineral Royalty Traders). Its shares trade on NYSE under the ticker MSB.

Is Mesabi Trust profitable?

Yes. In fiscal 2025 it reported net income of $93.3M on revenue of $98.6M, a net margin of 94.6%.

How much revenue does Mesabi Trust make?

In fiscal 2025 Mesabi Trust reported revenue of $98.6M. That is 331.3% more than a year earlier.

When did Mesabi Trust last report?

Its most recent periodic report is the quarterly report (10-Q) filed on September 11, 2026. It covers the period to July 31, 2026.

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Where the numbers come from

Financial figures are the values Mesabi Trust tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.