15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $99M | $93M | 94.6% | 0.0% | 399.8% | 91.7% | — | — | $100M |
| 2024 | $23M | $19M | 83.0% | 0.0% | 90.5% | 71.1% | — | — | $24M |
| 2023 | $8M | $5M | 68.6% | 0.0% | 46.4% | 37.6% | — | — | $14M |
| 2022 | $71M | $69M | 96.2% | 0.0% | 223.3% | 127.5% | — | — | $48M |
| 2021 | $26M | $23M | 90.2% | 0.0% | 142.1% | 102.1% | — | — | $13M |
| 2020 | $32M | $30M | 94.0% | 0.0% | 254.0% | 127.1% | — | — | $10M |
| 2019 | $47M | $46M | 96.3% | 0.0% | 271.1% | 128.5% | — | — | $881810 |
| 2018 | $34M | $33M | 96.9% | 0.0% | 315.1% | 127.5% | — | — | $314835 |
| 2017 | $11M | $10M | 89.7% | 0.0% | — | 68.5% | — | — | $14M |
| 2016 | $10M | $9M | 0.0% | 0.0% | — | 87.2% | — | — | $3M |
| 2015 | $26M | $25M | 0.0% | 0.0% | — | 245.3% | — | — | — |
| 2014 | $22M | $21M | 0.0% | 0.0% | — | 246.2% | — | — | — |
| 2013 | $32M | $31M | 0.0% | 0.0% | — | 400.9% | — | — | — |
| 2012 | $34M | $33M | 0.0% | 0.0% | — | 297.6% | — | — | — |
| 2011 | $33M | $32M | 0.0% | 0.0% | — | 336.6% | — | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jul '26 | $2M | -$95013 | -3.8% | 0.0% | -0.5% | -0.5% | — | — | $17M |
| Apr '26 | $2M | $1M | 48.4% | 0.0% | 5.9% | 5.0% | — | — | $20M |
| Oct '25 | $4M | $3M | 77.1% | 0.0% | 13.1% | 10.6% | — | — | $23M |
| Jul '25 | $6M | $5M | 84.6% | 0.0% | 20.8% | 19.1% | — | — | $21M |
| Apr '25 | $5M | $4M | 76.7% | 0.0% | 18.5% | 13.2% | — | — | $24M |
| Jan '25 | $7M | $6M | 88.5% | 0.0% | 26.0% | 6.0% | — | — | $100M |
| Oct '24 | $79M | $78M | 99.1% | 0.0% | 82.2% | 77.8% | — | — | $96M |
| Jul '24 | $6M | $5M | 83.2% | 0.0% | 24.4% | 20.6% | — | — | $22M |
| Apr '24 | $6M | $3M | 55.7% | 0.0% | 16.9% | 13.9% | — | — | $22M |
| Jan '24 | $6M | $5M | 75.3% | 0.0% | 22.4% | 17.6% | — | — | $24M |
| Oct '23 | $5M | $4M | 83.5% | 0.0% | 19.3% | 15.7% | — | — | $23M |
| Jul '23 | $10M | $9M | 92.9% | 0.0% | 42.4% | 41.9% | — | — | $18M |
| Apr '23 | $2M | $1M | 55.3% | 0.0% | 8.2% | 7.0% | — | — | $13M |
| Jan '23 | -$2M | -$3M | 138.8% | 0.0% | -26.4% | -21.4% | — | — | $14M |
| Oct '22 | $84681 | -$413692 | -488.5% | 0.0% | -2.9% | -2.8% | — | — | $15M |
| Jul '22 | -$4M | -$5M | 111.2% | 0.0% | -32.7% | -18.6% | — | — | $2M |
| Apr '22 | $14M | $14M | 95.8% | 0.0% | 44.2% | 30.4% | — | — | $38M |
| Jan '22 | $18M | $17M | 97.1% | 0.0% | 56.6% | 32.4% | — | — | $48M |
| Oct '21 | $16M | $16M | 97.8% | 0.0% | 44.0% | 29.0% | — | — | $46M |
| Jul '21 | $28M | $27M | 96.4% | 0.0% | 68.7% | 64.9% | — | — | $28M |
How the market has priced MSB against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, MESABI TRUST's revenue has grown 25.2% per year, and net income grown 25.4% per year. These are computed facts, not advice.
As of FY2025, MESABI TRUST reported — of total debt against $100M of cash.
In FY2025, gross margin was 94.6%, operating margin —, and net margin 94.6%.
As of Sep '26, MESABI TRUST traded at a price-to-earnings ratio of about 3.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.