Mesabi Trust (MSB) Gross Margin (2017 - 2026)
Mesabi Trust's Gross Margin came in at -3.83% for fiscal Q2 2027 (quarter ended Jul 31, 2026), down 88.44 percentage points from 84.61% a year earlier and down 52.25 percentage points from the prior quarter.
Mesabi Trust (MSB) Gross Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Mesabi Trust reported Gross Margin of 54.47%, down 41.97 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 79.14%, down 15.46 percentage points from FY2025.
- Gross Margin carries a five-year change of -11.06 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Gross Margin was 94.60% in FY2025 (+11.57 pp), 83.03% in FY2024 (+14.46 pp), 68.58% in FY2023 (-27.65 pp) and 96.23% in FY2022 (+6.03 pp).
- The fiscal Q2 2027 figure represents the lowest quarterly Gross Margin since fiscal Q3 2023.
- Year-over-year, Gross Margin has declined for four consecutive quarters, with an average year-over-year change of -12.52 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in fiscal Q3 2024 (a gain of 571.99 percentage points), and the weakest in fiscal Q3 2023 (a drop of 586.30 percentage points).
- Business Quant data shows MSB's Gross Margin at 48.42% (Q1 2027), 75.90% (Q4 2026) and 77.08% (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 67.60% |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 65.87% |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | 21.68% |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 31.10% |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | 54.74% |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | 19.56% |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | - |
| 10 | Mesabi Trust | 262.66 Mn | 178.64 Mn | -95,013.00 | -3.83% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -3.83% |
| Apr 30, 2026 | 48.42% |
| Jan 31, 2026 | 75.90% |
| Oct 31, 2025 | 77.08% |
| Jul 31, 2025 | 84.61% |
| Apr 30, 2025 | 76.70% |
| Jan 31, 2025 | 88.53% |
| Oct 31, 2024 | 99.14% |
| Jul 31, 2024 | 83.17% |
| Apr 30, 2024 | 55.74% |
| Jan 31, 2024 | 75.32% |
| Oct 31, 2023 | 83.46% |
| Jul 31, 2023 | 92.86% |
| Apr 30, 2023 | 55.34% |
| Jan 31, 2023 | 61.20% |
| Oct 31, 2022 | -488.53% |
| Jul 31, 2022 | 88.77% |
| Apr 30, 2022 | 95.77% |
| Jan 31, 2022 | 97.15% |
| Oct 31, 2021 | 97.77% |
Mesabi Trust Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=MSB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MSB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MSB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();