NYSE · Steel · USD

Mesabi Trust (MSB) Stock Analysis

Mesabi Trust (MSB) is a Steel stock listed on NYSE and quoted in US Dollar.

MSB

$23.90

+$0.40 (+1.70%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MSB Key Statistics

As of Sep 4, 2026

Trading

Open: $23.50
Previous Close: $23.50
Day's Range: 23.32–24.06
52-Week Range: 21.60–42.38
Volume: 15.20K
Beta: 0.34

Valuation

P/E Ratio: 27.79
EPS (ttm): 0.86

Financials (FY)

Revenue (FY): $16.57M−34.91%
Net Income (FY): $13.87M−85.13%
Profit margin: 75.32%
1-Year Return: −21.77%

Dividend and dates

Dividend: $0.89+3.79%
Ex-Dividend Date: July 30, 2026
Avg Volume: 39.11K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

MSB Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+155.26%−36.76%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−36.76%
2025	+71.88%
2024	+47.05%
2023	+15.55%
2022	−22.81%
2021	+3.66%
2020	+30.10%
2019	+12.34%
2018	+4.11%
2017	+155.26%
2016 (partial year)	+10.11%

As of September 4, 2026.

MSB Revenue and Earnings by Fiscal Year

FY ends January

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$16.57M	$13.87M	83.7%
2024	$25.46M	$93.27M	366.4%
2023	$22.09M	$18.98M	85.9%
2022	$7.50M	$5.31M	70.8%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$16.57M	$16.11M	$13.10M	$13.87M	83.7%
2024	$25.46M	$25.20M	$20.64M	$93.27M	366.4%
2023	$22.09M	$21.84M	$18.54M	$18.98M	85.9%
2022	$7.50M	$7.16M	$5.12M	$5.31M	70.8%

Annual figures as reported, in the company's reporting currency. As of January 31, 2026.

MSB Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$6.97+416.3% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	$0.55	3	—
2025	$6.97	4	+416.3%
2024	$1.35	4	+285.7%
2023	$0.35	1	−90.4%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.55	3	—
2025	$6.97	4	+416.3%
2024	$1.35	4	+285.7%
2023	$0.35	1	−90.4%
2022	$3.63	3	+26.9%
2021	$2.86	4	+71.3%
2020	$1.67	4	−50.3%
2019	$3.36	4	+20.4%
2018	$2.79	4	+87.2%
2017	$1.49	4	+1390.0%
2016	$0.10	1	—

Most recent payment: $0.18 per share, ex-dividend July 30, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MSB Valuation vs Steel Median

Median of 26 stocks

Metric	MSB	Steel median	vs median
P/E	27.79	22.34	24% above
Profit margin	75.32%	2.39%	72.9 pts above

Medians across 26 Steel stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

The record here covers Mesabi Trust, ticker MSB. The company sits in the Basic Materials sector, in the Steel industry.

The most recent close on file for MSB is $23.90, dated September 4, 2026. That is +$0.40 (+1.70%) against the previous close. The 52-week range on file runs from $21.60 to $42.38. The latest close sits 10.65% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $16.57M. Against the prior fiscal year total of $25.46M, that is a change of −34.91%. Net income for the same year was $13.87M. That is −85.13% against the prior fiscal year. Profit margin runs at 75.32%. That is 72.9 percentage points above the Steel median of 2.39%. Trailing earnings per share are 0.86.

Across the 4 fiscal years on file, revenue moves from $7.50M in 2022 to $16.57M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 27.79 times earnings. That is 24.4% above the Steel median of 22.34. 26 Steel companies report these metrics, and the medians quoted come from that group.

The reported beta is 0.34. Daily returns over the trailing 10 years annualize to a volatility of 48.36%. The trailing one-year price return is −21.77%. Measured over 10 years, that is +20.56% a year compounded.

Growth & Income

Shareholders receive a dividend, yielding 3.79% on the latest price. That is 1.8 percentage points above the Steel median yield of 2.04%. At the indicated rate that is $0.89 a share a year. The ex-dividend date on file is July 30, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $0.55 a share. The year before, 2025, totalled $6.97 a share.

The strongest complete calendar year on file is 2017 at +155.26%; the weakest is 2022 at −22.81%. Of the 9 complete calendar years on file, 8 finished higher. So far in 2026 the price is −36.76%.

Peer Comparison

Mesabi Trust (MSB) operates in the Steel industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Mesabi Trust	MSB	—	27.8
ArcelorMittal S.A.	MT	$59.37B	33.1
Nucor Corporation	NUE	$59.23B	21.0
Steel Dynamics, Inc.	STLD	$34.69B	22.0

The Steel industry average P/E ratio is 22.3x. Mesabi Trust trades at a P/E of 27.8.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Mesabi Trust

Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. Mesabi Trust was incorporated in 1961 and is based in New York, New York.

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