Mesabi Trust
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Mesabi Trust's past years’ income statements indicate that its last revenue has increased compared to the previous period by 195% to $22,862,029. The net income raised on $18,983,336 and profit margin reached 83%. Total operating expenses were $3,793,425.
Profit Margin
| 2015 | 26.08M | 24.76M | 94.97% |
|---|---|---|---|
| 2016 | 9.72M | 8.55M | 88.04% |
| 2017 | 10.88M | 9.61M | 88.3% |
| 2018 | 34.49M | 33.42M | 96.89% |
| 2019 | 47.29M | 45.55M | 96.33% |
| 2020 | 31.99M | 30.05M | 93.95% |
| 2021 | 25.95M | 23.40M | 90.2% |
| 2022 | 71.45M | 68.76M | 96.23% |
| 2023 | 7.74M | 5.30M | 68.58% |
| 2024 | 22.86M | 18.98M | 83.03% |
MSB Income Statement (2015 – 2024)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 22.86M | 7.74M | 71.45M | 25.95M | 31.99M | 47.29M | 34.49M | 10.88M | 9.72M | 26.08M |
Cost of revenue | 257.06K | 332.35K | 291.18K | 215.36K | 271.44K | 0 | 0 | 115.33K | 0 | 223.39K |
Gross profit | 22.60M | 7.40M | 71.16M | 25.73M | 31.71M | 47.29M | 34.49M | 10.77M | 9.72M | 25.85M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 280.85K | 275.07K | 241.49K | 181.04K | 134.68K | 7.24K | 0 | 118.49K | 0 | 120.10K |
Total operating expenses | 3.79M | 2.43M | 2.69M | 2.54M | 1.93M | 1.73M | 1.07M | 1.12M | 1.16M | 1.31M |
Operating income | 19.06M | 5.38M | 68.84M | 23.48M | 30.13M | 45.63M | 33.49M | 9.82M | 8.61M | 24.81M |
Other income (expenses), net | -85.26K | -80.32K | -76.81K | -77.83K | -74.60K | -72.49K | -67.33K | -58.63K | -53.94K | -51.85K |
Income before tax | 18.98M | 5.30M | 68.76M | 23.40M | 30.05M | 45.55M | 33.42M | 9.76M | 8.55M | 24.76M |
Income tax expense | 0 | -80.32K | -76.81K | -77.83K | -74.60K | -72.49K | 0 | 9.61M | 0 | -51.85K |
Net income | 18.98M | 5.30M | 68.76M | 23.40M | 30.05M | 45.55M | 33.42M | 9.61M | 8.55M | 24.76M |
Earnings per share | ||||||||||
Basic EPS | 1.45 | 0.4 | 5.24 | 1.78 | 2.29 | 3.47 | 2.55 | 0.74 | 0.65 | 1.89 |
Diluted EPS | 1.45 | 0.4 | 5.24 | 1.78 | 2.29 | 3.47 | 2.55 | 0.74 | 0.65 | 1.89 |
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