State Ledger
Company profile

MESABI TRUST CIK 65172

Ticker
MSB (NYSE)
Industry
Mineral Royalty Traders
Headquarters
New York, NY 10019
Fiscal year end
2025 (FY)
Market Data
Close
$17.79
Change
-$1.04
Change %
-5.52%
Volume
1,361

MSB · trading date Oct 12, 2026 · previous close $18.83 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$98.60M
Net income
$93.27M
Total assets
$101.73M
Total liabilities
$78.40M
Stockholders' equity
$23.33M
Cash & equivalents
$100.20M
Operating income
—
Operating cash flow
$93.94M
Capital expenditures
—

Fiscal year 2025, via 10-K filed 2025-04-24. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
—
Net margin
94.6%
Free cash flow
—
Free cash flow margin
—
Liabilities / assets
77.1%
Equity / assets
22.9%
CapEx / revenue
—
Operating cash flow / net income
1.01×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $98.60M $93.27M $101.73M $78.40M $23.33M
2024 $22.86M $18.98M $26.69M $5.72M $20.98M
2023 $7.74M $5.31M $14.12M $2.68M $11.44M
2022 $71.46M $68.77M $53.91M $23.12M $30.79M
2021 $25.95M $23.41M $22.93M $6.45M $16.48M
Company Details
SIC code
6795
State of incorporation
NY
Active filer
Yes
Most recent SEC filing
Form 10-Q
2026-09-11
Financials filed via
Form 10-K
filed 2025-04-24

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
New York, NY 10019
C/O DEUTSCHE BANK TRUST COMPANY AMERICAS
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:41 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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