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About the company
Mesabi Trust is a royalty trust organized to derive income from an iron mine (the Peter Mitchell Mine) located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The Trust is a pass-through entity. It operates in one segment, which is iron ore mining. The mine is operated by Northshore Mining Company (Northshore), a subsidiary of Cleveland-Cliffs Inc. (CCI). Northshore mines the ore, which is in the form of taconite, a hard rock containing approximately 21% recoverable iron, crushes it, separates the iron particles from the non-metallic, and forms the resulting concentrate into pellets which are shipped for use in steel-producing blast furnaces of customers of CCI. Northshore pays royalties to the Trust primarily based on the selling price of pellets shipped from Northshore’s pellet plant at Silver Bay, Minnesota, on Lake Superior approximately 45 miles from the mine, plus a significantly smaller royalty based on tons of ore extracted at the mine.
- Revenue in USD (TTM)20.79m
- Net income in USD17.21m
- Incorporated1961
- Employees0.00
- LocationMesabi TrustC/O Deutsche Bank Trust Company Americas1 Columbus Circle, 17Th FloorNEW YORK 10019United StatesUSA
- Phone+1 (904) 271-2520
- Websitehttps://mesabi-trust.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Friedman Industries Inc | 510.45m | 11.35m | 149.57m | 271.00 | 12.92 | 1.07 | 10.03 | 0.293 | 1.63 | 1.63 | 73.31 | 19.73 | 1.96 | 3.10 | 10.02 | 1,883,579.00 | 4.40 | 8.41 | 5.55 | 11.29 | 19.13 | 14.88 | 2.25 | 3.66 | 0.9773 | -- | 0.3846 | 5.08 | -13.88 | 25.62 | -64.68 | -- | -4.11 | 9.86 |
| Ascent Industries Co | 103.75m | -3.49m | 166.12m | 451.00 | -- | 1.91 | 100.50 | 1.60 | -0.3554 | 0.0928 | 10.56 | 9.29 | 0.7728 | 3.23 | 5.14 | 230,048.80 | -2.60 | -3.25 | -2.99 | -3.84 | 21.93 | 12.29 | -3.36 | -2.94 | 5.86 | -- | 0.0208 | -- | -7.92 | -10.23 | 67.13 | -- | -16.05 | -- |
| Ampco-Pittsburgh Corp | 426.31m | -5.30m | 168.71m | 1.70k | -- | 2.79 | 9.01 | 0.3957 | -0.2622 | -0.2622 | 21.19 | 2.97 | 0.7955 | 2.84 | 4.97 | -- | -0.5645 | -1.01 | -0.7663 | -1.35 | 20.02 | 18.66 | -0.7096 | -1.36 | 0.9604 | 0.8443 | 0.6446 | -- | -0.9554 | 1.01 | 101.10 | -- | 2.15 | -- |
| Perma-Pipe International Holdings Inc | 200.78m | 13.88m | 270.34m | 750.00 | 19.56 | 3.15 | 12.06 | 1.35 | 1.71 | 1.71 | 24.73 | 10.59 | 1.06 | 7.61 | 2.65 | 267,712.00 | 9.85 | 4.77 | 17.34 | 7.30 | 33.53 | 26.19 | 9.26 | 4.54 | 1.53 | 15.78 | 0.2293 | 0.00 | 5.12 | 4.41 | -14.21 | 20.23 | 8.61 | -- |
| Tredegar Corp | 588.80m | 2.52m | 315.59m | 1.50k | 129.74 | 1.56 | 12.81 | 0.536 | 0.0697 | -1.57 | 17.01 | 5.79 | 1.43 | 6.65 | 7.10 | 392,532.70 | 0.6134 | -1.73 | 1.06 | -2.57 | 15.25 | 17.36 | 0.4278 | -1.26 | 1.08 | -- | 0.1967 | -- | 4.31 | -6.26 | 101.05 | -55.29 | -22.36 | -- |
| Mesabi Trust | 20.79m | 17.21m | 452.51m | 0.00 | 26.29 | 21.46 | -- | 21.77 | 1.31 | 1.31 | 1.58 | 1.61 | 0.3282 | -- | 5.83 | -- | 27.17 | 116.30 | 29.57 | 215.64 | -- | -- | 82.80 | 92.56 | -- | -- | 0.00 | 94.52 | 331.26 | 25.25 | 391.35 | 25.42 | -- | 24.25 |
| Olympic Steel Inc | 1.90bn | 13.79m | 572.54m | 2.18k | 43.29 | 0.983 | 12.27 | 0.3015 | 1.17 | 1.17 | 161.71 | 51.72 | 1.81 | 3.98 | 9.32 | 877,883.90 | 1.31 | 6.24 | 1.60 | 7.66 | 17.98 | 16.41 | 0.7262 | 2.68 | 1.17 | 3.16 | 0.2956 | 6.58 | -10.03 | 4.22 | -48.39 | 42.90 | 23.74 | 49.63 |
| SunCoke Energy Inc | 1.84bn | 65.10m | 706.96m | 1.17k | 10.97 | 1.02 | 3.61 | 0.3836 | 0.7612 | 0.7612 | 21.54 | 8.22 | 1.03 | 7.50 | 16.94 | 1,577,997.00 | 4.04 | 3.99 | 4.69 | 4.64 | 15.82 | 19.26 | 3.93 | 3.76 | 1.17 | 4.24 | 0.4929 | 49.14 | -6.19 | 3.88 | 66.78 | -- | -7.92 | 29.67 |
| NWPX Infrastructure Inc | 519.99m | 36.63m | 722.93m | 1.36k | 20.48 | 1.88 | 12.92 | 1.39 | 3.67 | 3.67 | 51.95 | 40.10 | 0.8508 | 5.27 | 2.63 | 382,909.40 | 5.99 | 4.55 | 6.95 | 5.28 | 19.10 | 17.56 | 7.04 | 5.81 | 2.62 | 15.61 | 0.1076 | 0.00 | 10.85 | 12.01 | 62.33 | 4.16 | 19.36 | -- |
| Metallus Inc | 1.13bn | -8.30m | 895.87m | 1.88k | -- | 1.29 | 18.86 | 0.7918 | -0.1983 | -0.1983 | 26.33 | 16.69 | 0.9909 | 4.53 | 9.65 | 601,861.70 | -0.7269 | 4.44 | -0.9485 | 5.51 | 8.84 | 10.98 | -0.7335 | 4.16 | 1.12 | -- | 0.00 | -- | -20.43 | -2.16 | -98.13 | -- | 11.09 | -- |
| Ryerson Holding Corp | 4.47bn | -22.80m | 957.34m | 4.20k | -- | 1.22 | 16.04 | 0.214 | -0.7118 | -0.7118 | 139.54 | 24.45 | 1.78 | 5.40 | 8.77 | 1,065,214.00 | -0.868 | 6.73 | -1.16 | 9.28 | 17.98 | 19.60 | -0.4873 | 3.02 | 0.9511 | 0.2658 | 0.3852 | 10.12 | -9.98 | 0.4277 | -105.90 | -- | 16.81 | -- |
| Ramaco Resources Inc | 579.50m | -32.88m | 1.09bn | 984.00 | -- | 2.16 | 30.80 | 1.89 | -0.588 | -0.588 | 10.28 | 7.96 | 0.7752 | 7.22 | 10.88 | 588,925.80 | -4.40 | 10.76 | -5.15 | 13.67 | 16.09 | 28.47 | -5.67 | 10.28 | 2.24 | -3.81 | 0.2056 | 77.70 | -3.93 | 23.68 | -86.40 | -14.80 | 8.53 | -- |
Data as of Feb 12 2026. Currency figures normalised to Mesabi Trust's reporting currency: US Dollar USD
40.71%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Horizon Kinetics Asset Management LLCas of 30 Sep 2025 | 3.00m | 22.86% |
| ValueWorks LLCas of 30 Sep 2025 | 676.71k | 5.16% |
| Beddow Capital Management, Inc.as of 30 Sep 2025 | 365.93k | 2.79% |
| MRM-Horizon Advisors LLCas of 31 Dec 2025 | 296.65k | 2.26% |
| CWA Asset Management Group LLCas of 31 Dec 2025 | 228.24k | 1.74% |
| Moors & Cabot, Inc. (Investment Management)as of 30 Sep 2025 | 187.16k | 1.43% |
| Advisory Services Network LLCas of 30 Sep 2025 | 181.40k | 1.38% |
| EagleClaw Capital Management LLCas of 30 Sep 2025 | 167.43k | 1.28% |
| Bank of America, NA (Private Banking)as of 30 Sep 2025 | 145.64k | 1.11% |
| Morgan Stanley Smith Barney LLC (Investment Management)as of 30 Sep 2025 | 93.08k | 0.71% |
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Data from 30 Sep 2025 - 31 Dec 2025Source: FactSet Research Systems Inc.
