Company Analysis

Mesabi Trust (MSB)

NYSE: MSB · Mineral Royalty Traders · New York, NY · filing with the SEC since 1995
Grade5.7
◀ Past 5.1● Present 5.0▶ Future 7.1
1 est.

The grade of Mesabi Trust

Nine metrics read from its own filings, by tense
Headline grade
5.7/10
◀ Past5.130% of the headline
● Present5.040% of the headline
▶ Future7.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.1/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
1.4/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2023-06-26.

weight 22% of this tense · 14th percentile among 7 sector filers · read for itself

From the record

Mesabi Trust's filings since 2017 show 2 warning events: an auditor change (8-K item 4.01, 2 times, the latest 2023-06-26) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.8/10

What has it actually done, year after year?

+29.3% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 58th percentile among 6 sector filers · read for its customers

From the record

Mesabi Trust's 10 filed years say what it did: revenue went from $10 million in fiscal 2016 to $99 million in fiscal 2025, up 29.3% a year; it rose in 6 of 9 years; the deepest fall was 89% from fiscal 2022 to fiscal 2023; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span29.3%top 8% of its family
  • the share of years revenue rosebottom 33% of its family
  • the share of filed years with a profittop 17% of its family
  • the deepest fall from a revenue peak89.2%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.7/10

How has it treated the people who own it?

Share count steady. 57% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 67th percentile among 6 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-01-31, Mesabi Trust's diluted share count held steady, and dividends and buybacks returned about 57% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 42% of its family
  • cash returned against operating cash flowtop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.0/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.6/10

Is it financially healthy right now?

ROE 400%: 400¢ of profit per shareholder dollar. Leverage 77%: owes 77¢ per asset dollar.

weight 22% of this tense · 66th percentile among 6 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-01-31, Mesabi Trust earned about 400 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 92 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 77 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 8% of its family
  • return on equitytop 8% of its family
  • gross profit against assetstop 12% of its family
  • the share count against the year beforetop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.2/10

How strong is its position in its industry?

bottom 42% of 6 in its family; net margin 94.6%.

weight 45% of this tense · 42nd percentile among 6 sector filers · read for its customers

From the record

Mesabi Trust's standing among 6 graded names in its industry family: revenue of $99 million in fiscal 2025 ranks in the bottom 10% by size; a net margin of 94.6% ranks in the top 8%; revenue growth of 11.3% a year over the last 3 filed years ranks in the bottom 25% (its annual reports).

What it rests on

  • revenue against the family$98.6Mbottom 10% of its family
  • net margin94.6%top 8% of its family
  • three-year revenue growth11.3%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 15 of 100 (universe median).

weight 33% of this tense · 50th percentile among 3816 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
No officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one.
What the record cannot read
No officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
universe median, 3816 readings behind it.
Confidence
15 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Mesabi Trust's leadership is put at 5.0 of 10 with a confidence of 15 of 100, because no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
8.2/10

How much room does it have to grow?

top 18% of 6 in its family for room to expand.

weight 45% of this tense · 82nd percentile among 6 sector filers · read for itself

From the record

Mesabi Trust's room to grow, from the newest filed statements (fiscal 2025): cash of $100 million against no long-term debt tagged leaves 98.5% of its assets as net cash, top 8% of its family; cash from operations less capital spending is 95.3% of revenue (top 8%); a gross margin of 94.6% (top 37%) (its annual report).

What it rests on

  • cash less debt against assets98.5%top 8% of its family
  • cash from operations less capital spending against revenue95.3%top 8% of its family
  • gross margin94.6%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.0/10

What could actually drive growth from here?

top 50% of 6 in its family for growth drivers.

weight 22% of this tense · 50th percentile among 6 sector filers · read for its customers

From the record

Mesabi Trust's growth drivers, from the filed years to fiscal 2025: revenue grew 11.3% a year over the last three filed years against 29.3% over all 10, slowing (bottom 8% of its family); the newest year grew 330% (top 8%) (its annual reports). Mesabi Trust tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-18.0 points a yearbottom 8% of its family
  • the newest year's revenue growth330.0%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.9/10

Did its newest year beat what its own record pointed to?

top 31% of 6 in its family for expectations against reality.

weight 33% of this tense · 69th percentile among 6 sector filers · read for its shareholders

From the record

Mesabi Trust's newest year against its own record: revenue of $99 million in fiscal 2025 came in 662.8% above the $13 million its prior three years' pace pointed to (top 8% of its family); net income of $93 million against a prior three-year average of $31 million (top 42%); a net margin of 94.6% against 82.6% before (top 42%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace662.8%top 8% of its family
  • net income against the prior three years' average+201%top 42% of its family
  • net margin against its prior average+12.0 pointstop 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MSB · research, not advice