MESABI TRUST
MSB · Mineral Royalty Traders · 13.1M shares · +0%/yr ↓ buyback · EDGAR filings ↗
Grade
B79Mesabi Trust — iron-ore royalty trust with near-100% margins.
Strengths
- Net margin 95% and ROA 100th pct (pass-through royalties)
- No operating cost base
Risks
- Royalties tied to one operator and iron-ore prices/volumes
- No growth/reinvestment (trust structure)
- Distribution volatility
Notable findings
- Revenue declineRevenue -37.4% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
94.6%
Net margin
94.6%
Return on assets
91.7%
Revenue growth (QoQ)
-37.4%
Net-income growth
391.3%
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-06-12 | 2026-04-30 | 0001104659-26-073470 ↗ |
| 8-K | 2026-05-04 | 2026-04-30 | 0001104659-26-054941 ↗ |
| 10-K | 2026-04-22 | 2026-01-31 | 0001104659-26-046864 ↗ |
| 8-K | 2026-04-14 | 2026-04-14 | 0001104659-26-043216 ↗ |
| 8-K | 2026-02-03 | 2026-01-30 | 0001104659-26-009757 ↗ |
| 8-K | 2026-01-16 | 2026-01-16 | 0001104659-26-004561 ↗ |
| 10-Q | 2025-12-12 | 2025-10-31 | 0001104659-25-120673 ↗ |
| 8-K | 2025-10-31 | 2025-10-30 | 0001104659-25-104947 ↗ |
| 8-K | 2025-10-10 | 2025-10-10 | 0001104659-25-098734 ↗ |
| 8-K | 2025-09-26 | 2025-09-26 | 0001104659-25-093889 ↗ |
| 10-Q | 2025-09-15 | 2025-07-31 | 0001104659-25-090029 ↗ |
| 8-K | 2025-08-01 | 2025-07-30 | 0001558370-25-009990 ↗ |