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Mesabi Trust(NYSE) MSB

Current Price$22.45
Market Cap$295.20MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1968)+20,010%
5 Year+8%
1 Year-18%
1 Month-7%
Mesabi Trust last closing stock price
MetricPriceDate
Last closeUSD 22.502026-07-24
Mesabi Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-7.79%USD 24.402026-07-17
1 month-7.45%USD 24.312026-06-24
3 month-16%USD 26.792026-04-24
Year to date-40.6%USD 37.882025-12-31
1 year-18.21%USD 27.512025-07-24
3 year+71.58%USD 13.112023-07-25
5 year+7.94%USD 20.842021-07-23
Since inception+20,010.13%USD 0.111968-01-02

Mesabi Trust Financials at a Glance

Market Cap

$295.20MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$15.04M

Net Income (TTM)

$11.33M

EPS (TTM)

$0.86

P/E Ratio

26.07

Dividend

$0.96

Beta (Volatility)

0.64 (Low)

Price

$22.45

Volume

1,170

Open

$22.06

Previous Close

$22.45

Daily Range

$22.00 - $22.93

52-Week Range

$21.60 - $42.38

Estimated Earnings Date

Jun 11, 2026

MSB News

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Mesabi Trust Keeps Distribution Steady

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2 Shale Plays and 1 Mining Ironman

Doug EhrmanMar 27, 2013

5 Explosive Growers to Buy or Watch

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Wall Street Loves Mesabi Trust. Should You?

Rich DupreyFeb 4, 2013

5-Star Stocks Poised to Pop: Mesabi Trust

BRIAN PACAMPARAJun 18, 2012

Has Mesabi Trust Become the Perfect Stock?

Dan CaplingerJun 8, 2012
Page 1

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About Mesabi Trust

Mesabi Trust earns money from iron ore mining on its lands. It helps steel companies get the raw materials they need. The trust passes its earnings directly to its owners.

The Money From the Ground

  • Base Overriding Royalties: Payments based on the volume and selling price of iron ore products shipped from trust lands.
  • Royalty Bonuses: Extra payments earned when iron ore sells above a specific price threshold, currently $71.70 per ton.
  • Fee Royalties: Income from a 20% interest in specific lands, calculated on the amount of crude ore mined.
  • Minimum Advance Royalties: Guaranteed annual payments that act as prepayments for future royalties, adjusted yearly for inflation.

Changes in the Mining Operations

  • Produced 906,131 tons of iron ore pellets during the three months ended April 30, 2026.
  • Navigated a shift by Cleveland-Cliffs Inc. to use more iron ore for internal steel production rather than external sales.
  • Managed a legal stay in March 2026 regarding a lawsuit filed by WaterLegacy over mining infrastructure permits.
  • Handled the reversal of a state environmental decision concerning the Mile Post 7 tailings basin with Northshore Mining Company.

A Unique Business Structure

The trust operates with no employees and is legally prohibited from running any business other than managing its land. Its income depends entirely on the mining decisions and sales success of its tenant, Cleveland-Cliffs Inc.

The Latest Financial Facts

  • Total royalty income was $2.1 million for the three months ended April 30, 2026.
  • Net income reached $1.1 million during the three-month period ended April 30, 2026.
  • The trust declared a distribution of $0.24 per unit on April 14, 2026.
  • Unallocated reserves were $18.3 million as of April 30, 2026, a 10.1% decrease from January 31, 2026.

Bottom Line

Mesabi Trust functions as a passive owner of iron-rich land, collecting payments from active mining operations. It has transitioned from a high-bonus period to one defined by lower market prices and internal corporate shifts.

AI Generated • Jun 13, 2026

Industry

Metals and Mining

Sector

Materials

Website

www.mesabi-trust.com

Headquarters

New York, NY 10019, US

MSB Financials

Key Financial Metrics (TTM)

Gross Margin

96.12%

Operating Margin

60.94%

Net Income Margin

75.32%

Return on Equity

54.83%

Return on Capital

67.97%

Return on Assets

51.66%

Earnings Yield

3.84%

Dividend Yield

4.27%

Payout Ratio

15.89%

Stock Overview

Market Cap

$295.20MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

13.12M

Volume

1.17K

Avg. Volume

53.25K

Financials (TTM)

Gross Profit

$14.45M

Operating Income

$9.16M

EBITDA

$11.33M

Operating Cash Flow

$14.40T

Capital Expenditure

$0.00

Free Cash Flow

$14.40T

Cash & ST Invst.

$20.29M

Total Debt

$0.00

Mesabi Trust Performance Analysis

Mesabi Trust annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-01-31USD 7,741,974-89.2%
20242024-01-31USD 22,862,029195.3%
20252025-01-31USD 98,595,651331.3%
20262026-01-31USD 17,523,781-82.2%
Mesabi Trust sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-07-3118.4%
Q32025-10-31-36.0%
Q42026-01-310.0%
Q12026-04-30-37.5%
Mesabi Trust annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-01-31USD 0.40-92.3%
20242024-01-31USD 1.45257.5%
20252025-01-31USD 7.11391.3%
20262026-01-31USD 1.06-85.1%
Mesabi Trust sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-07-3128.6%
Q32025-10-31-41.7%
Q42026-01-31N/A
Q12026-04-30-60.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2027YOY CHG

Revenue

$2.25M

-52.6%

Gross Profit

$1.09M

-70.1%

Gross Margin

48.42%

N/A

Market Cap

$295.20MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$2.84M

N/A

Employees

104

N/A

Net Income

$1.09M

-70.1%

EBITDA

$1.09M

-70.1%

Quarterly Fundamentals

Name
Q1 2027YOY CHG

Total Cash

$20.29M

-16.3%

Total Debt

$0.00

N/A

Accounts Receivable

$1.50M

-51.6%

Inventory

$0.00

N/A

Long Term Debt

$0.00

N/A

Short Term Debt

$0.00

N/A

Return on Assets

51.66%

N/A

Return on Invested Capital

49.96%

N/A

Free Cash Flow

$533.67K

-74.4%

Operating Cash Flow

$533.67K

-74.4%

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Questions About MSB

What is the current price of Mesabi Trust?

Mesabi Trust is trading at $22.45 per share.

What is the 52-week range for Mesabi Trust?

Over the past 52 weeks, Mesabi Trust has traded between $21.60 and $42.38.

How much debt does Mesabi Trust have?

As of the most recent reporting period, Mesabi Trust reported total debt of $0.00.

How much cash does Mesabi Trust have on hand?

Mesabi Trust reported $20.29M in cash and cash equivalents in its most recent financial results.

What is Mesabi Trust’s dividend yield?

Mesabi Trust currently has a dividend yield of 4.27%.

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