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Side-by-side financial comparison of Abits Group Inc (ABTS) and MESABI TRUST (MSB). Click either name above to swap in a different company.

Abits Group Inc is the larger business by last-quarter revenue ($3.7M vs $3.6M, roughly 1.0× MESABI TRUST). On growth, Abits Group Inc posted the faster year-over-year revenue change (0.0% vs -95.5%).

Universal ABIT Co., Ltd was a computer components manufacturer, based in Taiwan, active since the 1980s. Its core product line were motherboards aimed at the overclocker market. ABIT experienced serious financial problems in 2005. The brand name "ABIT" and other intangible properties, including patents and trademarks, were acquired by Universal Scientific Industrial Co., Ltd. (USI) in May 2006.

Mesabi Trust is a United States-based royalty trust that holds permanent royalty interests in iron ore mining properties located in Minnesota's Mesabi Range. It earns revenue primarily from royalty payments tied to the production and sale of iron ore products, with core earnings sourced from active mining partners operating on the land it holds interests in, catering to the global steel manufacturing market.

ABTS vs MSB — Head-to-Head

Bigger by revenue
ABTS
ABTS
1.0× larger
ABTS
$3.7M
$3.6M
MSB
Growing faster (revenue YoY)
ABTS
ABTS
+95.5% gap
ABTS
0.0%
-95.5%
MSB

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
ABTS
ABTS
MSB
MSB
Revenue
$3.7M
$3.6M
Net Profit
$2.8M
Gross Margin
77.1%
Operating Margin
55.1%
Net Margin
77.1%
Revenue YoY
0.0%
-95.5%
Net Profit YoY
-96.5%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABTS
ABTS
MSB
MSB
Q4 25
$3.6M
Q3 25
$5.6M
Q2 25
$3.7M
$4.7M
Q1 25
$6.9M
Q4 24
$79.0M
Q3 24
$6.5M
Q2 24
$3.7M
$6.3M
Q1 24
$6.2M
Net Profit
ABTS
ABTS
MSB
MSB
Q4 25
$2.8M
Q3 25
$4.7M
Q2 25
$3.6M
Q1 25
$6.1M
Q4 24
$78.3M
Q3 24
$5.4M
Q2 24
$-14.0K
$3.5M
Q1 24
$4.7M
Gross Margin
ABTS
ABTS
MSB
MSB
Q4 25
77.1%
Q3 25
84.6%
Q2 25
76.7%
Q1 25
88.5%
Q4 24
99.1%
Q3 24
83.2%
Q2 24
27.0%
55.7%
Q1 24
75.3%
Operating Margin
ABTS
ABTS
MSB
MSB
Q4 25
Q3 25
Q2 25
55.1%
Q1 25
Q4 24
Q3 24
Q2 24
20.4%
Q1 24
Net Margin
ABTS
ABTS
MSB
MSB
Q4 25
77.1%
Q3 25
84.6%
Q2 25
76.7%
Q1 25
88.5%
Q4 24
99.1%
Q3 24
83.2%
Q2 24
-0.4%
55.7%
Q1 24
75.3%
EPS (diluted)
ABTS
ABTS
MSB
MSB
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-0.00
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABTS
ABTS
MSB
MSB
Cash + ST InvestmentsLiquidity on hand
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$10.4M
$21.1M
Total Assets
$11.4M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABTS
ABTS
MSB
MSB
Q4 25
Q3 25
Q2 25
$1.1M
Q1 25
Q4 24
Q3 24
Q2 24
$396.6K
Q1 24
Stockholders' Equity
ABTS
ABTS
MSB
MSB
Q4 25
$21.1M
Q3 25
$22.8M
Q2 25
$10.4M
$19.6M
Q1 25
$23.3M
Q4 24
$95.3M
Q3 24
$22.1M
Q2 24
$11.3M
$20.7M
Q1 24
$21.0M
Total Assets
ABTS
ABTS
MSB
MSB
Q4 25
$26.0M
Q3 25
$24.8M
Q2 25
$11.4M
$27.4M
Q1 25
$101.7M
Q4 24
$100.7M
Q3 24
$26.2M
Q2 24
$12.2M
$25.1M
Q1 24
$26.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABTS
ABTS
MSB
MSB
Operating Cash FlowLast quarter
$1.2M
$3.5M
Free Cash FlowOCF − Capex
$-470.2K
FCF MarginFCF / Revenue
-12.8%
Capex IntensityCapex / Revenue
46.2%
Cash ConversionOCF / Net Profit
1.27×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABTS
ABTS
MSB
MSB
Q4 25
$3.5M
Q3 25
$4.4M
Q2 25
$1.2M
$2.1M
Q1 25
$93.9M
Q4 24
$78.2M
Q3 24
$3.8M
Q2 24
$-470.2K
$2.5M
Q1 24
$14.6M
Free Cash Flow
ABTS
ABTS
MSB
MSB
Q4 25
Q3 25
Q2 25
$-470.2K
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ABTS
ABTS
MSB
MSB
Q4 25
Q3 25
Q2 25
-12.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ABTS
ABTS
MSB
MSB
Q4 25
Q3 25
Q2 25
46.2%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ABTS
ABTS
MSB
MSB
Q4 25
1.27×
Q3 25
0.92×
Q2 25
0.57×
Q1 25
15.48×
Q4 24
1.00×
Q3 24
0.71×
Q2 24
0.72×
Q1 24
3.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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