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Side-by-side financial comparison of Ameriprise Financial (AMP) and MESABI TRUST (MSB). Click either name above to swap in a different company.

Ameriprise Financial is the larger business by last-quarter revenue ($4.9B vs $3.6M, roughly 1360.8× MESABI TRUST). MESABI TRUST runs the higher net margin — 77.1% vs 18.7%, a 58.4% gap on every dollar of revenue. On growth, Ameriprise Financial posted the faster year-over-year revenue change (9.0% vs -95.5%). Over the past eight quarters, Ameriprise Financial's revenue compounded faster (5.5% CAGR vs -24.1%).

Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-di...

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.

AMP vs MSB — Head-to-Head

Bigger by revenue
AMP
AMP
1360.8× larger
AMP
$4.9B
$3.6M
MSB
Growing faster (revenue YoY)
AMP
AMP
+104.5% gap
AMP
9.0%
-95.5%
MSB
Higher net margin
MSB
MSB
58.4% more per $
MSB
77.1%
18.7%
AMP
Faster 2-yr revenue CAGR
AMP
AMP
Annualised
AMP
5.5%
-24.1%
MSB

Income Statement — Q1 2026 vs Q3 2026

Metric
AMP
AMP
MSB
MSB
Revenue
$4.9B
$3.6M
Net Profit
$915.0M
$2.8M
Gross Margin
77.1%
Operating Margin
Net Margin
18.7%
77.1%
Revenue YoY
9.0%
-95.5%
Net Profit YoY
57.0%
-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
AMP
AMP
MSB
MSB
Q1 26
$4.9B
Q4 25
$5.0B
$3.6M
Q3 25
$4.9B
$5.6M
Q2 25
$4.5B
$4.7M
Q1 25
$4.5B
$6.9M
Q4 24
$4.6B
$79.0M
Q3 24
$4.6B
$6.5M
Q2 24
$4.4B
$6.3M
Net Profit
AMP
AMP
MSB
MSB
Q1 26
$915.0M
Q4 25
$1.0B
$2.8M
Q3 25
$912.0M
$4.7M
Q2 25
$1.1B
$3.6M
Q1 25
$583.0M
$6.1M
Q4 24
$1.1B
$78.3M
Q3 24
$511.0M
$5.4M
Q2 24
$829.0M
$3.5M
Gross Margin
AMP
AMP
MSB
MSB
Q1 26
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
55.7%
Operating Margin
AMP
AMP
MSB
MSB
Q1 26
Q4 25
25.6%
Q3 25
24.0%
Q2 25
30.1%
Q1 25
15.3%
Q4 24
29.1%
Q3 24
14.1%
Q2 24
23.9%
Net Margin
AMP
AMP
MSB
MSB
Q1 26
18.7%
Q4 25
20.0%
77.1%
Q3 25
18.6%
84.6%
Q2 25
23.6%
76.7%
Q1 25
13.0%
88.5%
Q4 24
23.0%
99.1%
Q3 24
11.2%
83.2%
Q2 24
18.9%
55.7%
EPS (diluted)
AMP
AMP
MSB
MSB
Q1 26
Q4 25
$10.39
Q3 25
$9.33
Q2 25
$10.73
Q1 25
$5.83
Q4 24
$10.57
Q3 24
$5.00
Q2 24
$8.02

Balance Sheet & Financial Strength

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

Metric
AMP
AMP
MSB
MSB
Cash + ST InvestmentsLiquidity on hand
$8.3B
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$355.9B
$21.1M
Total Assets
$184.4B
$26.0M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMP
AMP
MSB
MSB
Q1 26
$8.3B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
AMP
AMP
MSB
MSB
Q1 26
$3.3B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
AMP
AMP
MSB
MSB
Q1 26
$355.9B
Q4 25
$6.5B
$21.1M
Q3 25
$6.5B
$22.8M
Q2 25
$6.1B
$19.6M
Q1 25
$5.4B
$23.3M
Q4 24
$5.2B
$95.3M
Q3 24
$5.7B
$22.1M
Q2 24
$5.0B
$20.7M
Total Assets
AMP
AMP
MSB
MSB
Q1 26
$184.4B
Q4 25
$190.9B
$26.0M
Q3 25
$190.1B
$24.8M
Q2 25
$184.9B
$27.4M
Q1 25
$179.1B
$101.7M
Q4 24
$181.4B
$100.7M
Q3 24
$186.0B
$26.2M
Q2 24
$179.7B
$25.1M
Debt / Equity
AMP
AMP
MSB
MSB
Q1 26
0.01×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
AMP
AMP
MSB
MSB
Operating Cash FlowLast quarter
$3.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.27×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMP
AMP
MSB
MSB
Q1 26
Q4 25
$2.7B
$3.5M
Q3 25
$2.2B
$4.4M
Q2 25
$1.8B
$2.1M
Q1 25
$1.7B
$9.4M
Q4 24
$383.0M
$78.2M
Q3 24
$3.0B
$3.8M
Q2 24
$1.7B
$2.5M
Free Cash Flow
AMP
AMP
MSB
MSB
Q1 26
Q4 25
$2.6B
Q3 25
$2.2B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$325.0M
Q3 24
$3.0B
Q2 24
$1.7B
FCF Margin
AMP
AMP
MSB
MSB
Q1 26
Q4 25
52.0%
Q3 25
44.1%
Q2 25
38.4%
Q1 25
36.8%
Q4 24
7.0%
Q3 24
65.8%
Q2 24
38.8%
Capex Intensity
AMP
AMP
MSB
MSB
Q1 26
Q4 25
0.9%
Q3 25
0.9%
Q2 25
0.8%
Q1 25
0.8%
Q4 24
1.2%
Q3 24
1.1%
Q2 24
0.4%
Cash Conversion
AMP
AMP
MSB
MSB
Q1 26
Q4 25
2.65×
1.27×
Q3 25
2.42×
0.92×
Q2 25
1.66×
0.57×
Q1 25
2.89×
1.55×
Q4 24
0.36×
1.00×
Q3 24
5.96×
0.71×
Q2 24
2.07×
0.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMP
AMP

Management and financial advice fees$2.9B60%
Other$872.0M18%
Distribution fees$563.0M12%
Premiums, policy and contract charges$341.0M7%
Other revenues$166.0M3%

MSB
MSB

Segment breakdown not available.

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