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Mesabi Trust (MSB)

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Mesabi Trust (MSB) reported revenue of $2 million for Q2 FY2027, the quarter ended 31 July 2026, down 55.8% on the same quarter a year earlier. Net income was -$95,013, and diluted earnings per share $-0.01. The figures are the company's own, from the 10-Q it filed with the SEC on 11 September 2026.

Revenue$2 milliondown 55.8%
Net income-$95,013
Diluted EPS$-0.01
QuarterQ2 FY2027ended 31 July 2026

Mesabi Trust (MSB) in brief

Mesabi Trust (MSB) reported revenue of $18 million for fiscal 2026, the year ended 31 January 2026, down 82.2% on the year before.
Read moreNet income was $14 million and diluted earnings per share $1.06. Revenue was $99 million in fiscal 2025, $23 million in fiscal 2024, $8 million in fiscal 2023 and $71 million in fiscal 2022. Net income in the same years was $93 million, $19 million, $5 million and $69 million. Over the twelve months to 31 July 2026, Mesabi Trust reported revenue of $12 million and net income of $6 million. Revenue fell 7.6% a year, compounded, over the five years to fiscal 2026. Mesabi Trust had 13 million shares outstanding at the latest filed count. At 31 July 2026 it carried $0 million of debt and $17 million of cash. At the close of 30 October 2026 the market cap of Mesabi Trust was $233 million, 35.9 times its earnings over the last twelve months.

Ratios

From the filings

ROE36.9%
ROCEn/a
Operating marginn/a
Net margin54.5%
FCF marginn/a
Interest covern/a
Debt to equity0.00
Cash conversion1.35
Share count, last 12 months0.0%
Sales CAGR, 3 years31.3%
Profit CAGR, 3 years37.7%
EPS, TTM$0.49

At the close of 30 October 2026

Price$17.77
Market cap$233 million
Stock P/E35.95
Price to book13.25
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales19.58
52-week high$41.15
52-week low$17.77
Price, 1 year-49.1%
Price CAGR, 3 years-4.6%
Price CAGR, 5 years-4.2%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Mesabi Trust's balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
MSBgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MSB

Dividends$91.4 million paid in cash dividends in FY2026
Filings13 in twelve months: 8 current reports (8-K), about 8 results of operations; 4 regulation FD disclosure; 1 other events
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.2 by open interest at the 30 October 2026 close; the straddle prices a 26.0% move to 20 November 2026
13F holders62 funds reported a position for the quarter to 30 June 2026; largest Horizon Kinetics Asset Management LLC
Insider trading0 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest89,440 shares short, 2.31 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2022Q4 FY2022Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027Q2 FY2027
Revenue16.418.014.2-4.40.1-2.21.89.94.96.26.36.579.06.94.75.63.63.62.22.5
Cost of revenue0.40.50.60.50.50.80.80.70.81.52.81.10.70.81.10.90.80.91.22.6
Gross profit16.017.413.6-4.9-0.4-3.01.09.24.14.73.55.478.36.13.64.72.82.71.1-0.1
Gross margin98%97%96%n/a-489%n/a55%93%83%75%56%83%99%89%77%85%77%76%48%-4%
Net income16.017.413.6-4.9-0.4-3.01.09.24.14.73.55.478.36.13.64.72.82.71.1-0.1
Net margin98%97%96%n/a-489%n/a55%93%83%75%56%83%99%89%77%85%77%76%48%-4%
Diluted EPS$1.22 basic$1.33 basic$1.04 basic-$0.37 basic-$0.03 basic-$0.23 basic$0.08 basic$0.70 basic$0.31 basic$0.36$0.27 basic$0.41 basic$5.97 basic$0.46$0.28 basic$0.36 basic$0.21 basic$0.21$0.08 basic-$0.01 basic
Operating cash flow18.720.513.11.6-0.3-0.5-0.94.65.25.72.53.878.29.42.14.43.54.40.50.2
Dividends paid1.218.623.013.611.00.0n/an/an/an/a4.93.83.9n/a78.17.31.64.53.43.1
Shares outstanding13m13m13m13m13m13m13m13m13m13m13m13m13m13m13m13m13m13m13m13m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 17 fiscal years and the trailing twelve months

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026TTM
Revenue13.233.334.231.622.026.19.710.934.547.332.026.071.57.722.998.617.511.9
Cost of revenuen/an/an/an/an/an/an/a1.11.11.71.92.52.72.43.95.33.75.4
Gross profitn/an/an/an/an/an/an/a9.833.445.630.123.468.85.319.093.313.96.5
Gross marginn/an/an/an/an/an/an/a89.7%96.9%96.3%94.0%90.2%96.2%68.6%83.0%94.6%79.1%54.5%
Net income12.432.533.230.721.124.88.69.833.445.630.123.468.85.319.093.313.96.5
Net margin93.8%97.4%97.3%97.1%95.5%95.0%88.0%89.7%96.9%96.3%94.0%90.2%96.2%68.6%83.0%94.6%79.1%54.5%
Diluted EPS$0.95 basic$2.47 basic$2.53 basic$2.34 basic$1.60 basic$1.89 basic$0.65 basic$0.74 basic$2.55 basic$3.47 basic$2.29 basic$1.78 basic$5.24 basic$0.41 basic$1.45 basic$7.11 basic$1.06 basic$0.49
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026TTM
Operating cash flow17.030.433.130.721.324.38.212.629.545.534.620.862.813.914.693.914.48.7
Cash from investingn/an/an/an/an/an/a-5.45.7-23.3-8.318.83.49.9n/an/an/an/an/a
Dividends paidn/an/an/an/an/a23.28.97.219.536.644.121.937.547.64.617.791.412.6
Diluted shares, weightedn/an/a13m13m13m13m13m13m13m13m13m13m13m13m13m13m13m13m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a13m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026TTM
Funded by
Shareholders' equityn/an/an/an/an/an/an/an/a10.616.811.816.530.811.421.023.320.417.6
Debtn/an/an/an/an/an/an/an/an/an/an/a0.00.00.00.00.00.00.0
Other liabilitiesn/an/an/an/an/an/an/an/a15.618.611.86.523.12.75.778.44.02.3
Total liabilities and equityn/a9.611.27.68.610.19.814.226.235.523.622.953.914.126.710224.419.8
Owned
Cash and equivalents8.48.710.36.77.78.72.613.70.30.910.212.547.714.024.010023.217.4
Receivablesn/an/an/an/an/an/an/an/a2.02.30.10.24.60.02.01.20.81.0
Other assetsn/a1.00.90.90.81.47.20.624.032.213.410.21.60.10.70.40.41.5
Total assetsn/a9.611.27.68.610.19.814.226.235.523.622.953.914.126.710224.419.8
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded6.1%-7.6%31.3%-87.6%
Profit growth, compounded4.9%-9.9%37.7%-93.0%
Return on equity, average201.2%165.6%186.1%68.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Mesabi Trust's revenue in fiscal 2026?

Mesabi Trust (MSB) reported revenue of $18 million for fiscal 2026, the year ended 31 January 2026, down 82.2% on the year before.

How much did Mesabi Trust earn in fiscal 2026?

Net income was $14 million for fiscal 2026, and diluted earnings per share $1.06.

What is Mesabi Trust's P/E ratio?

At the close of 30 October 2026, Mesabi Trust traded at 35.9 times its earnings over the twelve months to 31 July 2026.

What is Mesabi Trust's market cap?

The market cap of Mesabi Trust was $233 million at the close of 30 October 2026.

How much debt does Mesabi Trust have?

At 31 July 2026 Mesabi Trust carried $0 million of debt and $17 million of cash.

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Outfront Media Inc. OUT$5.6 billion23.0335.3%20.5%7.6%3.653.7%
SSR Mining Inc. SSRM$5.5 billion24.067.0%40.2%48.4%0.00n/a
BGC Group, Inc. BGC$5.3 billion27.3918.0%4.7%27.6%1.600.7%
StepStone Group Inc. STEP$5.2 billionn/an/a-58.2%48.5%n/a3.4%
Rithm Capital Corp. RITM$5.2 billionn/an/an/an/a3.5210.7%
Sabra Health Care REIT, Inc. SBRA$5.0 billion76.002.4%n/a17.3%0.956.1%
Phillips Edison & Company, Inc. PECO$5.0 billion26.977.5%n/a7.0%1.055.9%
Kite Realty Group Trust KRG$5.0 billion15.4712.4%17.4%-7.4%1.025.2%
Cousins Properties Inc. CUZ$4.9 billion328.110.3%68.3%8.5%0.804.3%
HA Sustainable Infrastructure Capital, Inc. HASI$4.8 billion70.293.3%n/a26.5%2.234.5%
Hamilton Lane Inc. HLNE$4.6 billion12.7729.4%43.6%24.0%0.29n/a
Howard Hughes Holdings Inc. HHH$4.5 billion15.437.4%21.3%34.0%1.38n/a
Starwood Property Trust, Inc. STWD$4.5 billion21.033.5%1.5%11.8%2.9115.7%
EPR Properties EPR$4.4 billion16.3012.7%59.0%7.3%1.436.3%
Apple Hospitality REIT, Inc. APLE$4.4 billion25.045.6%17.9%1.2%0.485.2%
Federated Hermes, Inc. FHI$4.3 billion10.5832.5%27.8%13.2%0.272.5%
Piper Sandler Companies PIPR$4.3 billion14.7822.4%n/a32.4%n/a3.1%
Tanger Inc. SKT$4.2 billionn/an/an/an/a2.76n/a
Lazard, Inc. LAZ$4.2 billion23.2419.5%8.1%9.2%1.785.2%
Kilroy Realty Corp. KRC$4.2 billion150.380.6%n/a-3.6%0.846.0%
Americold Realty Trust COLD$4.1 billionn/a-18.9%-12.5%-0.2%1.76n/a
Copt Defense Properties CDP$3.8 billion23.1710.7%30.3%4.5%1.703.7%
Cohen & Steers, Inc. CNS$3.7 billion22.2327.8%32.4%8.6%0.003.6%
PJT Partners Inc. PJT$3.7 billion20.5063.9%21.0%22.9%0.000.7%
LXP Industrial Trust LXP$3.6 billion31.545.9%n/a-3.5%0.664.5%
SL Green Realty Corp. SLG$3.6 billionn/a-5.1%66.6%8.5%1.265.5%
Independence Realty Trust, Inc. IRT$3.5 billion81.891.3%16.9%3.5%0.734.7%
Highwoods Properties, Inc. HIW$3.4 billion18.457.8%67.2%5.4%1.486.5%
Miami International Holdings, Inc. MIAX$3.3 billion43.6812.4%7.9%n/a0.00n/a
Broadstone Net Lease, Inc. BNL$3.3 billion22.505.1%46.0%8.0%1.016.8%
National Health Investors Inc. NHI$3.2 billion19.3910.6%n/a23.9%0.815.5%
Acadian Asset Management Inc. AAMI$3.2 billion31.40n/a23.7%24.2%n/a0.2%
WisdomTree, Inc. WT$3.1 billion39.8519.3%38.8%37.1%2.570.6%
CoreCivic, Inc. CXW$3.1 billion24.698.9%9.9%24.3%0.94n/a
Artisan Partners Asset Management Inc. APAM$3.0 billion8.5669.7%33.4%8.7%0.438.6%
DiamondRock Hospitality Co. DRH$2.9 billion19.5210.1%16.2%1.0%0.722.7%
Acadia Realty Trust AKR$2.6 billionn/an/an/an/a0.704.2%
Four Corners Property Trust, Inc. FCPT$2.5 billion20.617.3%n/a10.2%0.966.5%
InvenTrust Properties Corp. IVT$2.4 billion83.701.6%-7.7%12.6%0.583.2%
LTC Properties Inc. LTC$2.4 billion16.5210.7%53.0%59.8%0.615.1%
Pebblebrook Hotel Trust PEB$2.4 billionn/a-2.9%3.1%2.8%0.890.2%
Netstreit Corp. NTST$2.2 billion79.681.1%32.5%27.1%0.605.0%
SmartStop Self Storage REIT, Inc. SMA$2.0 billion71.652.5%21.4%21.1%0.97n/a
RLJ Lodging Trust RLJ$1.9 billion294.271.3%9.5%1.1%1.254.8%
Diversified Healthcare Trust DHC$1.9 billionn/a-16.8%-8.6%-1.5%1.540.5%
Douglas Emmett Inc. DEI$1.7 billionn/a-1.2%19.0%0.8%3.117.5%
CBL & Associates Properties Inc. CBL$1.6 billion7.2750.8%27.2%9.0%4.76n/a
Global Net Lease, Inc. GNL$1.5 billionn/an/an/an/a1.5910.8%
American Assets Trust, Inc. AAT$1.3 billion62.471.9%23.6%1.1%0.076.2%
Medical Properties Trust Inc. MPT$1.3 billionn/a-0.7%4.3%10.6%2.1615.6%
UMH Properties, Inc. UMH$1.3 billion126.381.2%n/a8.4%0.895.9%
Alexanders Inc. ALX$1.3 billion7.6175.9%n/a-1.5%3.737.2%
Digital Turbine, Inc. APPS$1.1 billionn/a-18.3%10.3%19.2%1.85n/a
Easterly Government Properties, Inc. DEA$1.1 billion77.031.1%23.9%11.4%1.288.1%
Ridgepost Capital, Inc. RPC$1.0 billion38.445.3%23.6%4.4%0.951.6%
Centerspace CSR$983 million46.823.2%26.0%0.7%1.455.3%
Orchid Island Capital, Inc. ORC$934 million96.00-0.5%95.7%74.8%9.2127.5%
Oppenheimer Holdings Inc. OPY$920 million11.568.7%7.2%13.9%n/a2.0%
Navient LLC NAVI$873 millionn/a-2.1%n/a-35.5%18.496.9%
Empire State Realty Trust, Inc. ESRT$860 million248.500.3%-4.4%2.0%2.142.8%
Abacus Global Management, Inc. ABX$820 million31.306.5%31.8%65.3%0.76n/a
Service Properties Trust SVC$811 million8.13-52.4%-4.0%-11.9%5.681.8%
Safehold Inc. SAFE$803 million7.024.8%25.1%12.1%1.916.3%
Virtus Investment Partners, Inc. VRTS$785 million6.7612.7%15.7%-7.2%0.448.1%
Summit Hotel Properties, Inc. INN$767 millionn/a-2.9%9.0%1.2%1.634.5%
CTO Realty Growth, Inc. CTO$763 million17.276.5%37.5%15.9%1.05n/a
Saul Centers, Inc. BFS$721 million30.0211.8%67.0%8.7%5.428.1%
JBG Smith Properties JBGS$705 millionn/a-14.2%-0.9%-1.1%2.375.9%
Chimera Investment Corp. CIM$695 millionn/a0.1%n/a11.6%3.3019.8%
Chatham Lodging Trust CLDT$686 million184.121.7%12.5%-3.1%0.572.6%
PennyMac Mortgage Investment Trust PMT$651 million5.269.0%36.5%14.6%1.7121.4%
Postal Realty Trust, Inc. PSTL$651 million39.845.2%37.8%22.0%1.144.5%
Universal Health Realty Income Trust UHT$531 million27.5113.4%35.3%0.8%2.677.7%
Brandywine Realty Trust BDN$506 millionn/a-21.5%19.0%3.5%3.7310.8%
TPG RE Finance Trust, Inc. TRTX$493 million16.684.4%n/a-2.4%4.1014.8%
One Liberty Properties Inc. OLP$470 million14.2211.4%57.0%9.5%1.748.1%
NexPoint Residential Trust, Inc. NXRT$460 millionn/a-13.5%11.1%-0.5%6.5511.7%
Industrial Logistics Properties Trust ILPT$457 millionn/a-14.9%33.7%3.5%9.853.7%
Franklin BSP Realty Trust, Inc. FBRT$457 millionn/an/an/an/a2.9215.9%
BrightSpire Capital, Inc. BRSP$426 million24.432.2%27.0%2.5%2.9818.7%
Arbor Realty Trust Inc. ABR$399 millionn/a-4.2%n/a-12.9%4.4143.9%
Farmland Partners Inc. FPI$354 million52.722.3%12.4%-5.6%0.565.2%
Apollo Commercial Real Estate Finance, Inc. ARI$297 million2.9010.5%35.1%-14.7%n/a43.1%
Mesabi Trust MSB$233 million35.9536.9%n/a-87.6%0.00n/a
North European Oil Royalty Trust NRT$62 millionn/an/an/an/an/an/a
2 companies share its SEC industry code (Mineral Royalty Traders); the rest are the names nearest in size in its wider industry, Trading, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q31 July 202611 September 2026EDGAR
10-Q30 April 202612 June 2026EDGAR
10-K31 January 202622 April 2026EDGAR
10-Q31 October 202512 December 2025EDGAR
10-Q31 July 202515 September 2025EDGAR
10-Q30 April 202512 June 2025EDGAR
10-K31 January 202524 April 2025EDGAR
10-Q31 October 202413 December 2024EDGAR
10-Q31 July 20245 September 2024EDGAR
10-Q30 April 202413 June 2024EDGAR