Mesabi Trust (MSB) Financial Statements & Analysis

Mesabi Trust (MSB) Income Statement

Mesabi Trust reported revenue of $17.52M in fiscal 2026 (fiscal year ended Jan 31, 2026), down 31.2% from $25.46M a year earlier. Net income was $13.87M, down 85.1% year over year, a net margin of 79.1%. Gross margin was 97.0% and operating margin 79.1%. In the most recent quarter, Q2 fiscal 2027 (ended Jul 31, 2026), revenue was $2.33M, down 57.0% from the same quarter a year earlier.

Mesabi Trust Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Mesabi Trust income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2017
Period ending	Jan 2026	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2017
Revenue & Gross Profit
Revenue	17.52	25.46	7.74	7.74	71.46	25.92	31.99	47.29	10.89
Cost of Revenue	0.53	0.26	0.40	0.33	0.29	0.22	0.27	0.33	0.19
Gross Profit	17.00	25.20	7.34	7.74	71.46	25.95	31.72	46.96	10.77
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Selling, General & Administrative	2.92	4.48	2.35	2.35	2.62	2.54	1.86	1.66	1.07
Operating Expenses	3.13	4.56	2.03	2.43	2.69	2.47	1.94	1.74	1.12
Operating Income	13.87	20.64	5.12	5.31	68.77	23.49	30.13	45.63	9.82
Other Income/Expense
Interest Income	0.95	1.96	0.25	0.25	0.52	0.04	0.28	0.26	0.01
Interest Expense	0.00	0.00	0.00	0.00	-	0.00	0.07	0.07	0.00
Other Income/Expense	0.00	70.68	0.19	0.25	0.52	-0.08	-0.07	-0.07	-0.06
Income
Income Before Tax	13.87	93.27	5.31	5.31	68.77	23.41	30.06	45.56	9.61
Income Tax Expense	0.00	0.00	0.00	0.00	-	0.00	0.00	-0.07	9.61
Net Income	13.87	93.27	5.31	5.31	68.77	23.41	30.06	45.56	9.61
Net Income - Continuous Operations	13.87	93.27	5.31	5.31	68.77	23.41	30.06	45.56	9.61
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	13.87	20.64	7.55	5.31	68.77	23.37	32.02	45.77	9.93
EBIT	13.96	20.64	18.54	5.39	68.84	23.37	-	-	-
Depreciation & Amortization	0.00	-22.17	2.43	2.69	-	2.54	1.94	1.74	1.12
Earnings Per Share
Basic EPS	1.00	7.00	-	-	5.00	2.00	2.00	3.00	1.00
Diluted EPS	1.00	7.00	-	-	5.00	2.00	2.00	3.00	1.00
Basic Shares Outstanding	13.12	13.12	13.12	13.12	13.12	13.12	13.12	13.12	13.12
Diluted Shares Outstanding	13.12	13.12	13.12	13.12	13.12	13.12	13.12	13.12	13.12

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Mesabi Trust Financial Statements

What was Mesabi Trust's revenue in fiscal 2026?

Mesabi Trust reported revenue of $17.52M in fiscal 2026 (fiscal year ended Jan 31, 2026). That was down 31.2% from $25.46M a year earlier.

Is Mesabi Trust profitable?

Yes. Mesabi Trust earned net income of $13.87M in fiscal 2026, a net margin of 79.1%. In fiscal 2025 it earned $93.27M.

What is Mesabi Trust's operating margin?

Mesabi Trust's operating income was $13.87M on revenue of $17.52M in fiscal 2026, an operating margin of 79.1%, compared with 81.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition