What is Mesabi Trust's market cap?

Mesabi Trust (MSB) has a market capitalization of $300.4M and trades on NYSE.

What is Mesabi Trust's revenue and profitability?

Mesabi Trust generated $15.0M in trailing twelve-month revenue with net income of $11.3M, representing a net margin of 75.3%. Gross margin stands at 75.3%. These figures are based on the Q2 2026 filing.

Who are Mesabi Trust's competitors?

Mesabi Trust's key competitors include Royal Gold Inc, Mesa Royalty Trust, Sabine Royalty Trust, and others. These companies compete in similar markets and product categories.

Who does Mesabi Trust partner with?

Mesabi Trust's notable partners include Cleveland-Cliffs Inc..

Where is Mesabi Trust headquartered?

Mesabi Trust is headquartered in United States of America. It has been publicly traded since 1961.

Mesabi Trust

MSB

Mesabi Trust is a royalty trust that derives its income from iron ore mining operations on the Mesabi Iron Range in Minnesota.

Market cap

$300.45M-20.5%

Revenue$15.0M-84.5%

Net income$11.3M-87.9%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2027 report

June 12, 2026

Revenue$2.2M EPS$0.08

Read the full report

Next report

Date not yet announced

Financials

Q1 2027

Income statement

See full

Revenue$2.2M-52.6%

Gross profit$1.1M-70.1%

Net income$1.1M-70.1%

Balance sheet

See full

Cash & equivalents$20.3M-16.3%

Total assets$21.9M-20.1%

Cash flow

See full

Operating cash flow$533.7K-74.4%

Valuation & ratios

Valuation

See full

Market cap$300.45M-20.5%

P/E26.5×+22.3×

P/S20×+15.9×

Profitability

See full

Gross margin75.3%-20.9pp

Net margin75.3%-20.9pp

Competitors

By market cap

Royal Gold$16.6B+65.7%

SBR

Sabine Royalty Trust$1.1B+9.4%

FRP Holdings$448.4M-13.4%

Mesabi Trust$300.4M-23.7%

NRT

North European Oil Royalty Trust$78.9M+67.8%

PVL

Permianville Royalty Trust$55.8M-6.1%

Royalty Management Holding Corporation$35.3M+71.3%

MTR

Mesa Royalty Trust$5.4M-51.3%

By revenue growth

Royal Gold+71.0%

FRP Holdings+2.8%

Mesabi Trust-84.5%

By net margin

Mesabi Trust75.32%-20.9pp

Royal Gold48.53%-3.6pp

FRP Holdings2.16%-14.0pp

Profile

Mesabi Trust is a royalty trust that derives its income from iron ore mining operations on the Mesabi Iron Range in Minnesota. The Trust holds various interests in mineral properties and collects royalties based on the production and sale of iron ore pellets by its lessees.

Competitive position

The Trust is a passive entity with a fixed portfolio of mineral interests, making its performance entirely dependent on the operational decisions and production levels of its lessees.

GeographiesUnited States, Minnesota

Customer segmentsIndustrial Manufacturers, Mining Companies

Business modelRoyalty Trust, Asset Management

SuppliersMineral Rights, Land Ownership

CustomersSteel Producers, Blast Furnace Operators

CountryUnited States of America

Listed1961

CEOSilviu Itescu

SectorBasic Materials

IndustrySteel

Websitemesabi-trust.com

FilingsSEC EDGAR

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Questions, answered.

What is Mesabi Trust's market cap?: Mesabi Trust (MSB) has a market capitalization of $300.4M and trades on NYSE.
What is Mesabi Trust's revenue and profitability?: Mesabi Trust generated $15.0M in trailing twelve-month revenue with net income of $11.3M, representing a net margin of 75.3%. Gross margin stands at 75.3%. These figures are based on the Q2 2026 filing.
Who are Mesabi Trust's competitors?: Mesabi Trust's key competitors include Royal Gold Inc, Mesa Royalty Trust, Sabine Royalty Trust, and others. These companies compete in similar markets and product categories.
Who does Mesabi Trust partner with?: Mesabi Trust's notable partners include Cleveland-Cliffs Inc..
Where is Mesabi Trust headquartered?: Mesabi Trust is headquartered in United States of America. It has been publicly traded since 1961.