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Mesabi Trust vs Triple Flag Precious Metals: revenue, profit, margins and growth compared

Mesabi Trust brought in $98.6M of revenue in fiscal 2025, Triple Flag Precious Metals $388.7M in fiscal 2025. Revenue changed by +331.3% at Mesabi Trust and +44.5% at Triple Flag Precious Metals on the year before, so Mesabi Trust grew faster. Mesabi Trust kept 94.6% of its revenue as net profit, Triple Flag Precious Metals 61.7%.

Side by side, latest fiscal year

MSBTFPM
Fiscal year endedFY2025 (January 31, 2025)FY2025 (December 31, 2025)
Revenue$98.6M$388.7M
Revenue growth+331.3%+44.5%
Net income$93.3M$240M
Net margin94.6%61.7%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$7.11$1.18
Cash$100.2M$71.3M
Debtn/an/a
Price to earnings2.7n/a
Market value$250.9M$6.7B
Dividend yieldn/an/a
Rank by revenue in sector#379 of 451 · Industrials#340 of 451 · Industrials

Over the years

Revenue
MSB FY2017: $34.5MMSB FY2018: $47.3MMSB FY2019: $32MMSB FY2021: $26MMSB FY2022: $71.5MMSB FY2023: $7.7MMSB FY2024: $22.9MMSB FY2025: $98.6MTFPM FY2022: $150.4MTFPM FY2022: $151.9MTFPM FY2023: $204MTFPM FY2024: $269MTFPM FY2025: $388.7MFY17FY18FY19FY21FY22FY23FY24FY25
MSB $98.6MTFPM $388.7M
Net income
MSB FY2017: $33.4MMSB FY2018: $45.6MMSB FY2019: $30.1MMSB FY2021: $23.4MMSB FY2022: $68.8MMSB FY2023: $5.3MMSB FY2024: $19MMSB FY2025: $93.3MTFPM FY2022: $45.5MTFPM FY2022: $55.1MTFPM FY2023: $36.3MTFPM FY2024: -$23.1MTFPM FY2025: $240MFY17FY18FY19FY21FY22FY23FY24FY25
MSB $93.3MTFPM $240M
Net margin
MSB FY2017: 96.9%MSB FY2018: 96.3%MSB FY2019: 94.0%MSB FY2021: 90.2%MSB FY2022: 96.2%MSB FY2023: 68.6%MSB FY2024: 83.0%MSB FY2025: 94.6%TFPM FY2022: 30.3%TFPM FY2022: 36.3%TFPM FY2023: 17.8%TFPM FY2024: -8.6%TFPM FY2025: 61.7%FY17FY18FY19FY21FY22FY23FY24FY25
MSB 94.6%TFPM 61.7%
Revenue growth
MSB FY2018: +37.1%MSB FY2019: -32.4%MSB FY2021: -18.9%MSB FY2022: +175.4%MSB FY2023: -89.2%MSB FY2024: +195.3%MSB FY2025: +331.3%TFPM FY2022: +1.0%TFPM FY2023: +34.3%TFPM FY2024: +31.8%TFPM FY2025: +44.5%FY18FY19FY21FY22FY23FY24FY25
MSB +331.3%TFPM +44.5%

Fiscal years as each company reports them; the two may end in different months.

Questions about Mesabi Trust and Triple Flag Precious Metals

Which is bigger by revenue, Mesabi Trust or Triple Flag Precious Metals?

Triple Flag Precious Metals is bigger by revenue: $388.7M in fiscal 2025, against $98.6M for Mesabi Trust in fiscal 2025.

Which keeps more of its revenue as profit, Mesabi Trust or Triple Flag Precious Metals?

Mesabi Trust had a net margin of 94.6% in fiscal 2025; Triple Flag Precious Metals had 61.7% in fiscal 2025.

Which grew revenue faster, Mesabi Trust or Triple Flag Precious Metals?

In their latest fiscal years revenue changed by +331.3% at Mesabi Trust and +44.5% at Triple Flag Precious Metals.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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