# Mesabi Trust (MSB)

- Sector: Materials · Industry: Steel
- SEC CIK: 0000065172 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000065172))
- Full page: https://inspectstocks.com/stocks/msb
- Data as of: price 2026-09-25; newest filing used 2026-09-11; latest fiscal period ended 2026-07-31

## Grade

**C** on the balance-sheet rubric used for lenders, 2 of 4 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | $6.5M |  |
| Earnings growing overall | failed | $6.5M | $6.8M |
| Earnings growing recently | failed | $6.5M | $13.9M |
| Earns well on its assets | passed | 32.7% |  |
| Book value per share growing | not answerable |  |  |

Business quality (the + / − mark): 3 of 3 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 54.5% |  |
| Healthy profit margin | passed | 54.5% |  |
| Good return on equity | passed | 31.8% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $11.9M |
| Net income, trailing twelve months | $6.5M |
| Net margin | 54.5% |
| Return on equity | 31.8% |
| Share price | $19.12 |
| Market value | $250.9M |
| Price / sales | 21.1x |

## More on this company

- [Overview](https://inspectstocks.com/stocks/msb)
- [Financial statements](https://inspectstocks.com/stocks/msb/financials)
- [Competitors](https://inspectstocks.com/stocks/msb/peers)
- [Earnings](https://inspectstocks.com/stocks/msb/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.