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Stocks · Financials · Mineral Royalty Traders

MESABI TRUST

MSB Clue Score77
United States Fiscal year ends January CIK 0000065172
$18.42 +0.33% Close, 9 Oct 2026
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Price $18.42 −48.56% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2017Revenue10.9Net income9.8Fiscal year 2018Revenue34.5 +216.8%Net income33.4 +242.3%Fiscal year 2019Revenue47.3 +37.1%Net income45.6 +36.3%Fiscal year 2020Revenue32.0 −32.4%Net income30.1 −34.0%Fiscal year 2021Revenue26.0 −18.9%Net income23.4 −22.1%Fiscal year 2022Revenue71.5 +175.4%Net income68.8 +193.8%Fiscal year 2023Revenue7.7 −89.2%Net income5.3 −92.3%Fiscal year 2024Revenue22.9 +195.3%Net income19.0 +257.6%Fiscal year 2024Fiscal year 2025Revenue98.6Net income93.3
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2024FY2025
Revenue 10.9 34.5 47.3 32.0 26.0 71.5 7.7 22.9 n/a 98.6
Growth +216.8% +37.1% −32.4% −18.9% +175.4% −89.2% +195.3%
Net income 9.8 33.4 45.6 30.1 23.4 68.8 5.3 19.0 n/a 93.3
Growth +242.3% +36.3% −34.0% −22.1% +193.8% −92.3% +257.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2017Net margin89.7%Fiscal year 2018Net margin96.9%Fiscal year 2019Net margin96.3%Fiscal year 2020Net margin94.0%Fiscal year 2021Net margin90.2%Fiscal year 2022Net margin96.2%Fiscal year 2023Net margin68.6%Fiscal year 2024Net margin83.0%Fiscal year 2024Fiscal year 2025Net margin94.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2024FY2025
Net margin 89.7% 96.9% 96.3% 94.0% 90.2% 96.2% 68.6% 83.0% n/a 94.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2017Operating cash flow12.6Dividends paid−7.2Fiscal year 2018Operating cash flow29.5Dividends paid−19.5Fiscal year 2019Operating cash flow45.5Dividends paid−36.6Fiscal year 2020Operating cash flow34.6Dividends paid−44.1Fiscal year 2021Operating cash flow20.8Dividends paid−21.9Fiscal year 2022Operating cash flow62.8Dividends paid−37.5Fiscal year 2023Operating cash flow13.9Dividends paid−47.6Fiscal year 2024Operating cash flow14.6Dividends paid−4.6Fiscal year 2024Dividends paid−4.6Fiscal year 2025Operating cash flow93.9Dividends paid−17.7
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2024FY2025
Operating cash flow 12.6 29.5 45.5 34.6 20.8 62.8 13.9 14.6 n/a 93.9
Dividends paid −7.2 −19.5 −36.6 −44.1 −21.9 −37.5 −47.6 −4.6 −4.6 −17.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash13.7Fiscal year 2018Cash0.3Shareholders’ equity10.6Fiscal year 2019Cash0.9Shareholders’ equity16.8Fiscal year 2020Cash10.2Shareholders’ equity11.8Fiscal year 2021Cash12.5Shareholders’ equity16.5Fiscal year 2022Cash47.7Shareholders’ equity30.8Fiscal year 2023Cash14.0Shareholders’ equity11.4Fiscal year 2024Cash24.0Shareholders’ equity21.0Fiscal year 2024Fiscal year 2025Cash100.2Shareholders’ equity23.3
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2024FY2025
Cash 13.7 0.3 0.9 10.2 12.5 47.7 14.0 24.0 n/a 100.2
Shareholders’ equity n/a 10.6 16.8 11.8 16.5 30.8 11.4 21.0 n/a 23.3

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Jan 2017 FY2018 31 Jan 2018 FY2019 31 Jan 2019 FY2020 31 Jan 2020 FY2021 31 Jan 2021 FY2022 31 Jan 2022 FY2023 31 Jan 2023 FY2024 31 Jan 2024 FY2024 31 Dec 2024 FY2025 31 Jan 2025
Margins
89.7% 96.9% 96.3% 94.0% 90.2% 96.2% 68.6% 83.0% n/a 94.6%
Spending
10.3% 3.1% n/a n/a n/a n/a n/a n/a n/a n/a
Returns
n/a 315.1% 271.1% 254.0% 142.1% 223.3% 46.4% 90.5% n/a 399.8%
68.5% 127.5% 128.5% 127.1% 102.1% 127.5% 37.6% 71.1% n/a 91.7%
Balance and payout
28.4% 59.6% 52.6% 50.0% 28.1% 42.9% 19.0% 21.4% n/a 77.1%
73.9% 58.5% 80.3% 146.7% 93.6% 54.6% 897.1% 24.2% n/a 19.0%