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

MESABI TRUST is the larger business by last-quarter revenue ($3.6M vs $3.5M, roughly 1.0× CapsoVision, Inc). MESABI TRUST runs the higher net margin — 77.1% vs -223.9%, a 301.0% gap on every dollar of revenue.

CapsoVision, Inc. is a medical technology firm specializing in the development and manufacturing of advanced capsule endoscopy systems and supporting diagnostic solutions. Its non-invasive gastrointestinal imaging products are supplied to hospitals, gastroenterology clinics and medical specialists across global markets, supporting more accurate detection of digestive diseases and improved patient care experiences.

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.

CV vs MSB — Head-to-Head

Bigger by revenue
MSB
MSB
1.0× larger
MSB
$3.6M
$3.5M
CV
Higher net margin
MSB
MSB
301.0% more per $
MSB
77.1%
-223.9%
CV

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
CV
CV
MSB
MSB
Revenue
$3.5M
$3.6M
Net Profit
$-7.9M
$2.8M
Gross Margin
54.1%
77.1%
Operating Margin
-226.7%
Net Margin
-223.9%
77.1%
Revenue YoY
-95.5%
Net Profit YoY
-96.5%
EPS (diluted)
$-0.17

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
CV
CV
MSB
MSB
Q4 25
$3.6M
Q3 25
$3.5M
$5.6M
Q2 25
$3.3M
$4.7M
Q1 25
$6.9M
Q4 24
$79.0M
Q3 24
$6.5M
Q2 24
$6.3M
Q1 24
$6.2M
Net Profit
CV
CV
MSB
MSB
Q4 25
$2.8M
Q3 25
$-7.9M
$4.7M
Q2 25
$-4.6M
$3.6M
Q1 25
$6.1M
Q4 24
$78.3M
Q3 24
$5.4M
Q2 24
$3.5M
Q1 24
$4.7M
Gross Margin
CV
CV
MSB
MSB
Q4 25
77.1%
Q3 25
54.1%
84.6%
Q2 25
54.6%
76.7%
Q1 25
88.5%
Q4 24
99.1%
Q3 24
83.2%
Q2 24
55.7%
Q1 24
75.3%
Operating Margin
CV
CV
MSB
MSB
Q4 25
Q3 25
-226.7%
Q2 25
-140.3%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Net Margin
CV
CV
MSB
MSB
Q4 25
77.1%
Q3 25
-223.9%
84.6%
Q2 25
-139.5%
76.7%
Q1 25
88.5%
Q4 24
99.1%
Q3 24
83.2%
Q2 24
55.7%
Q1 24
75.3%
EPS (diluted)
CV
CV
MSB
MSB
Q4 25
Q3 25
$-0.17
Q2 25
$-2.02
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
CV
CV
MSB
MSB
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$20.4M
$21.1M
Total Assets
$25.7M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
CV
CV
MSB
MSB
Q4 25
$21.1M
Q3 25
$20.4M
$22.8M
Q2 25
$-139.0M
$19.6M
Q1 25
$23.3M
Q4 24
$95.3M
Q3 24
$22.1M
Q2 24
$20.7M
Q1 24
$21.0M
Total Assets
CV
CV
MSB
MSB
Q4 25
$26.0M
Q3 25
$25.7M
$24.8M
Q2 25
$9.5M
$27.4M
Q1 25
$101.7M
Q4 24
$100.7M
Q3 24
$26.2M
Q2 24
$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
CV
CV
MSB
MSB
Operating Cash FlowLast quarter
$-5.7M
$3.5M
Free Cash FlowOCF − Capex
$-5.7M
FCF MarginFCF / Revenue
-160.5%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
1.27×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CV
CV
MSB
MSB
Q4 25
$3.5M
Q3 25
$-5.7M
$4.4M
Q2 25
$-9.5M
$2.1M
Q1 25
$93.9M
Q4 24
$78.2M
Q3 24
$3.8M
Q2 24
$2.5M
Q1 24
$14.6M
Free Cash Flow
CV
CV
MSB
MSB
Q4 25
Q3 25
$-5.7M
Q2 25
$-9.6M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CV
CV
MSB
MSB
Q4 25
Q3 25
-160.5%
Q2 25
-289.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CV
CV
MSB
MSB
Q4 25
Q3 25
0.3%
Q2 25
2.1%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
CV
CV
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.

Revenue Breakdown by Segment

CV
CV

Products$2.5M71%
Other$1.0M29%

MSB
MSB

Segment breakdown not available.

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