Mesabi Trust (MSB) Retained Earnings (2011 - 2026)
Mesabi Trust's (MSB) quarterly Retained Earnings came in at $18.3 million in Q2 2026, down 6.48% YoY from $19.6 million in Q2 2025, and down 10.1% on a QoQ basis from $20.4 million in Q1 2026.
Mesabi Trust (MSB) Retained Earnings (2011 - 2026) Analysis & Trends
Mesabi Trust (MSB) has 16 years of Retained Earnings data on file, last reported at $18.3 million in Q2 2026.
- Quarterly Retained Earnings fell 6.48% year-over-year to $18.3 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $18.3 million (down 6.48% YoY) and the FY2026 annual result came in at $20.4 million, down 12.54% from the prior year.
- Retained Earnings eased to $18.3 million in Q2 2026, from $20.4 million in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of $95.3 million in Q4 2024 to a low of $11.4 million in Q1 2023.
- A 5-year average of $24.6 million and a median of $21.0 million in 2024 frame the typical range for Retained Earnings.
- Annual changes were most pronounced in 2024 — Retained Earnings jumped 350.95% — and 2025, when it sank 77.88%.
- Tracing MSB's Retained Earnings over 5 years: stood at $14.5 million in 2022, then jumped by 46.26% to $21.1 million in 2023, then surged by 350.95% to $95.3 million in 2024, then slumped by 77.88% to $21.1 million in 2025, then slipped by 13.02% to $18.3 million in 2026.
- The last three Retained Earnings figures came in at $18.3 million (Q2 2026), $20.4 million (Q1 2026), and $21.1 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | - |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | 33.15 Bn |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | - |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 16.47 Bn |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | 7.48 Bn |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | 5.75 Bn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | 4.46 Bn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | 2.97 Bn |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | 935.98 Mn |
| 10 | Mesabi Trust | 303.33 Mn | 283.05 Mn | 1.09 Mn | 18.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 18.34 Mn |
| Jan 31, 2026 | 20.40 Mn |
| Oct 31, 2025 | 21.09 Mn |
| Jul 31, 2025 | 22.78 Mn |
| Apr 30, 2025 | 19.61 Mn |
| Jan 31, 2025 | 23.33 Mn |
| Oct 31, 2024 | 95.32 Mn |
| Jul 31, 2024 | 22.12 Mn |
| Apr 30, 2024 | 20.65 Mn |
| Jan 31, 2024 | 20.98 Mn |
| Oct 31, 2023 | 21.14 Mn |
| Jul 31, 2023 | 21.64 Mn |
| Apr 30, 2023 | 12.46 Mn |
| Jan 31, 2023 | 11.44 Mn |
| Oct 31, 2022 | 14.45 Mn |
| Jul 31, 2022 | 14.87 Mn |
| Apr 30, 2022 | 30.75 Mn |
| Jan 31, 2022 | 30.79 Mn |
| Oct 31, 2021 | 36.31 Mn |
| Jul 31, 2021 | 38.95 Mn |