MSB
Mesabi Trust
NYSE: MSB · BASIC MATERIALS · STEEL
$28.06
+0.97% today
Updated 2026-05-01
Market cap
$350.96M
P/E ratio
25.24
P/S ratio
20.03x
EPS (TTM)
$1.06
Dividend yield
4.74%
52W range
$22 – $42
Volume
0.1M
Mesabi Trust (MSB) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.90M | $18.87M | $35.47M | $13.24M | $33.34M | $34.16M | $31.56M | $22.05M | $26.08M | $9.72M | $10.89M | $34.49M | $47.29M | $31.99M | $25.95M | $71.46M | $7.74M | $22.86M | $25.46M | $17.52M |
| Revenue growth (YoY) | — | +5.4% | +88.0% | -62.7% | +151.8% | +2.4% | -7.6% | -30.2% | +18.3% | -62.7% | +12.0% | +216.8% | +37.1% | -32.4% | -18.9% | +175.4% | -89.2% | +195.3% | +11.3% | -31.2% |
| Cost of revenue | — | — | — | — | $223811.00 | $243048.00 | $248624.00 | $213373.00 | $223390.00 | $188283.00 | $188789.00 | $207520.00 | $334022.00 | $271449.00 | $215368.00 | $291187.00 | $400752.00 | $324257.00 | $323625.00 | $528370.00 |
| Gross profit | $17.90M | $18.87M | $35.47M | $13.24M | $33.34M | $34.16M | $31.31M | $21.83M | $25.86M | $9.53M | $10.77M | $34.22M | $46.96M | $31.72M | $25.73M | $71.17M | $7.34M | $22.61M | $98.27M | $17.00M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 99.2% | 99.0% | 99.1% | 98.0% | 98.9% | 99.2% | 99.3% | 99.1% | 99.2% | 99.6% | 94.8% | 98.9% | 386.1% | 97.0% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $167216.00 | $181700.00 | $688116.00 | $728260.00 | $794537.00 | $851915.00 | $548284.00 | $816944.00 | $1.14M | $988638.00 | $946297.00 | $886265.00 | $1.54M | $1.73M | $2.28M | $2.38M | $2.08M | $3.51M | $4.96M | $2.92M |
| Operating income | $17.15M | $18.23M | $34.67M | $12.42M | $32.46M | $33.24M | $30.70M | $21.11M | $24.82M | $8.61M | $9.82M | $33.49M | $45.63M | $30.13M | $23.48M | $68.84M | $5.12M | $19.07M | $20.64M | $13.87M |
| Operating margin | 95.8% | 96.6% | 97.7% | 93.8% | 97.4% | 97.3% | 97.3% | 95.7% | 95.2% | 88.6% | 90.2% | 97.1% | 96.5% | 94.2% | 90.5% | 96.3% | 66.1% | 83.4% | 81.1% | 79.1% |
| EBITDA | $17.15M | $18.23M | $34.67M | $12.42M | $32.46M | $33.24M | $-46825.00 | $-50196.00 | $-51858.00 | $-53945.00 | $9.93M | $33.44M | $45.77M | $32.02M | $26.26M | $70.99M | $7.55M | $18.54M | $20.64M | $13.87M |
| EBITDA margin | 95.8% | 96.6% | 97.7% | 93.8% | 97.4% | 97.3% | -0.1% | -0.2% | -0.2% | -0.6% | 91.2% | 97.0% | 96.8% | 100.1% | 101.2% | 99.3% | 97.5% | 81.1% | 81.1% | 79.1% |
| EBIT | $17.15M | $18.23M | $34.67M | $12.42M | $32.46M | $33.24M | $30.66M | $21.06M | $24.77M | $8.56M | $8.80M | $32.37M | $44.03M | $30.09M | $23.71M | $68.30M | $5.12M | $19.07M | $42.81M | — |
| Interest expense | $0.00 | $0.00 | $0.00 | $0.00 | $38000.00 | $33856.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $65255.00 | $68000.00 | $0.00 | $452110.00 | — | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $17.15M | $18.23M | $34.67M | $12.42M | $32.46M | $33.24M | $30.66M | $21.06M | $24.77M | $8.56M | $9.61M | $33.50M | $45.56M | $30.06M | $23.41M | $68.77M | $5.31M | $18.98M | $93.27M | $13.87M |
| Net income growth (YoY) | — | +6.3% | +90.2% | -64.2% | +161.3% | +2.4% | -7.8% | -31.3% | +17.6% | -65.4% | +12.3% | +248.4% | +36.0% | -34.0% | -22.1% | +193.8% | -92.3% | +257.6% | +391.4% | -85.1% |
| Profit margin | 95.8% | 96.6% | 97.7% | 93.8% | 97.4% | 97.3% | 97.1% | 95.5% | 95.0% | 88.0% | 88.3% | 97.1% | 96.3% | 94.0% | 90.2% | 96.2% | 68.6% | 83.0% | 366.4% | 79.1% |