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

BranchOut Food Inc. is the larger business by last-quarter revenue ($4.0M vs $3.6M, roughly 1.1× MESABI TRUST). MESABI TRUST runs the higher net margin — 77.1% vs -50.6%, a 127.7% gap on every dollar of revenue. On growth, BranchOut Food Inc. posted the faster year-over-year revenue change (181.9% vs -95.5%). Over the past eight quarters, BranchOut Food Inc.'s revenue compounded faster (65.4% CAGR vs -24.1%).

Food Lion is an American regional supermarket chain headquartered in Salisbury, North Carolina, that operates over 1,000 supermarkets in 10 states: Delaware, Georgia, Kentucky, Maryland, North Carolina, South Carolina, Pennsylvania, Tennessee, Virginia, and West Virginia. The chain employs over 82,000 people. It was founded in 1957 as Food Town, a single grocery store in Salisbury. It later expanded to many locations across North Carolina. It was independently operated until it was acquired b...

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.

BOF vs MSB — Head-to-Head

Bigger by revenue
BOF
BOF
1.1× larger
BOF
$4.0M
$3.6M
MSB
Growing faster (revenue YoY)
BOF
BOF
+277.3% gap
BOF
181.9%
-95.5%
MSB
Higher net margin
MSB
MSB
127.7% more per $
MSB
77.1%
-50.6%
BOF
Faster 2-yr revenue CAGR
BOF
BOF
Annualised
BOF
65.4%
-24.1%
MSB

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BOF
BOF
MSB
MSB
Revenue
$4.0M
$3.6M
Net Profit
$-2.0M
$2.8M
Gross Margin
7.6%
77.1%
Operating Margin
-47.6%
Net Margin
-50.6%
77.1%
Revenue YoY
181.9%
-95.5%
Net Profit YoY
-36.5%
-96.5%
EPS (diluted)
$-0.15

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
BOF
BOF
MSB
MSB
Q4 25
$4.0M
$3.6M
Q3 25
$3.2M
$5.6M
Q2 25
$3.3M
$4.7M
Q1 25
$3.2M
$6.9M
Q4 24
$1.4M
$79.0M
Q3 24
$2.2M
$6.5M
Q2 24
$1.4M
$6.3M
Q1 24
$1.5M
$6.2M
Net Profit
BOF
BOF
MSB
MSB
Q4 25
$-2.0M
$2.8M
Q3 25
$-1.6M
$4.7M
Q2 25
$-1.6M
$3.6M
Q1 25
$-918.4K
$6.1M
Q4 24
$-1.5M
$78.3M
Q3 24
$-1.3M
$5.4M
Q2 24
$-942.6K
$3.5M
Q1 24
$-1.1M
$4.7M
Gross Margin
BOF
BOF
MSB
MSB
Q4 25
7.6%
77.1%
Q3 25
17.7%
84.6%
Q2 25
18.4%
76.7%
Q1 25
17.3%
88.5%
Q4 24
0.9%
99.1%
Q3 24
15.4%
83.2%
Q2 24
10.9%
55.7%
Q1 24
19.3%
75.3%
Operating Margin
BOF
BOF
MSB
MSB
Q4 25
-47.6%
Q3 25
-44.3%
Q2 25
-40.8%
Q1 25
-21.4%
Q4 24
-80.7%
Q3 24
-41.4%
Q2 24
-60.6%
Q1 24
-69.9%
Net Margin
BOF
BOF
MSB
MSB
Q4 25
-50.6%
77.1%
Q3 25
-48.8%
84.6%
Q2 25
-48.6%
76.7%
Q1 25
-28.8%
88.5%
Q4 24
-104.5%
99.1%
Q3 24
-58.3%
83.2%
Q2 24
-69.2%
55.7%
Q1 24
-71.6%
75.3%
EPS (diluted)
BOF
BOF
MSB
MSB
Q4 25
$-0.15
Q3 25
$-0.14
Q2 25
$-0.17
Q1 25
$-0.11
Q4 24
$-0.16
Q3 24
$-0.19
Q2 24
$-0.22
Q1 24
$-0.26

Balance Sheet & Financial Strength

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

Metric
BOF
BOF
MSB
MSB
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$4.9M
Stockholders' EquityBook value
$5.6M
$21.1M
Total Assets
$14.5M
$26.0M
Debt / EquityLower = less leverage
0.89×

8-quarter trend — quarters aligned by calendar period.

Total Debt
BOF
BOF
MSB
MSB
Q4 25
$4.9M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BOF
BOF
MSB
MSB
Q4 25
$5.6M
$21.1M
Q3 25
$5.1M
$22.8M
Q2 25
$3.5M
$19.6M
Q1 25
$3.9M
$23.3M
Q4 24
$2.3M
$95.3M
Q3 24
$1.5M
$22.1M
Q2 24
$2.0M
$20.7M
Q1 24
$1.7M
$21.0M
Total Assets
BOF
BOF
MSB
MSB
Q4 25
$14.5M
$26.0M
Q3 25
$14.7M
$24.8M
Q2 25
$13.2M
$27.4M
Q1 25
$14.1M
$101.7M
Q4 24
$12.9M
$100.7M
Q3 24
$9.6M
$26.2M
Q2 24
$6.7M
$25.1M
Q1 24
$2.7M
$26.7M
Debt / Equity
BOF
BOF
MSB
MSB
Q4 25
0.89×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BOF
BOF
MSB
MSB
Operating Cash FlowLast quarter
$-1.9M
$3.5M
Free Cash FlowOCF − Capex
$-2.1M
FCF MarginFCF / Revenue
-52.6%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
1.27×
TTM Free Cash FlowTrailing 4 quarters
$-7.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOF
BOF
MSB
MSB
Q4 25
$-1.9M
$3.5M
Q3 25
$-1.1M
$4.4M
Q2 25
$-2.0M
$2.1M
Q1 25
$-1.9M
$93.9M
Q4 24
$-1.6M
$78.2M
Q3 24
$-1.9M
$3.8M
Q2 24
$-853.9K
$2.5M
Q1 24
$-503.6K
$14.6M
Free Cash Flow
BOF
BOF
MSB
MSB
Q4 25
$-2.1M
Q3 25
$-1.2M
Q2 25
$-2.1M
Q1 25
$-2.3M
Q4 24
$-2.3M
Q3 24
$-3.4M
Q2 24
$-1.4M
Q1 24
$-553.6K
FCF Margin
BOF
BOF
MSB
MSB
Q4 25
-52.6%
Q3 25
-37.4%
Q2 25
-64.5%
Q1 25
-72.2%
Q4 24
-163.6%
Q3 24
-157.9%
Q2 24
-101.3%
Q1 24
-37.7%
Capex Intensity
BOF
BOF
MSB
MSB
Q4 25
4.3%
Q3 25
2.6%
Q2 25
3.4%
Q1 25
11.8%
Q4 24
51.1%
Q3 24
70.8%
Q2 24
38.6%
Q1 24
3.4%
Cash Conversion
BOF
BOF
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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