Mesabi Trust (MSB) Retained Earnings (2011 - 2026)
Mesabi Trust (MSB) recorded quarterly Retained Earnings of $20.4 million in Q1 2026, down 3.25% on a QoQ basis from $21.1 million in Q4 2025, and down 12.54% year-over-year from $23.3 million in Q1 2025.
Mesabi Trust (MSB) Retained Earnings (2011 - 2026) Analysis & Trends
Mesabi Trust has disclosed Retained Earnings across 16 years of filings, most recently posting $20.4 million for Q1 2026.
- Quarterly Retained Earnings fell 12.54% year-over-year to $20.4 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $20.4 million (down 12.54% YoY) and the FY2026 annual result came in at $20.4 million, down 12.54% from the prior year.
- Retained Earnings retreated to $20.4 million in Q1 2026, from $21.1 million in the prior quarter.
- Over five years, Retained Earnings peaked at $95.3 million in Q4 2024 and troughed at $11.4 million in Q1 2023.
- A 5-year average of $24.9 million and a median of $21.1 million in 2025 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 soared by 46.26% to $21.1 million in 2023, then jumped by 350.95% to $95.3 million in 2024, then plunged by 77.88% to $21.1 million in 2025, then declined by 3.25% to $20.4 million in 2026.
- Business Quant data shows MSB's Retained Earnings at $20.4 million in Q1 2026, $21.1 million in Q4 2025, and $22.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | - |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | -206.00 Mn |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | - |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | -858,000.00 |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | -95.70 Mn |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | 1.43 Bn |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | - |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | - |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 2.10 Mn |
| 10 | Mesabi Trust | 322.62 Mn | 299.46 Mn | 2.73 Mn | 20.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Apr 30, 2021 | 13.37 Mn |