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Side-by-side financial comparison of MESABI TRUST (MSB) and TAKEDA PHARMACEUTICAL CO LTD (TAK). Click either name above to swap in a different company.

TAKEDA PHARMACEUTICAL CO LTD is the larger business by last-quarter revenue ($4.3M vs $3.6M, roughly 1.2× MESABI TRUST). MESABI TRUST runs the higher net margin — 77.1% vs 3.4%, a 73.7% gap on every dollar of revenue.

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.

The Takeda Pharmaceutical Company Limited is a Japanese multinational pharmaceutical company. It is the third largest pharmaceutical company in Asia, behind Sinopharm and Shanghai Pharmaceuticals, and one of the top 20 largest pharmaceutical companies in the world by revenue. The company has over 49,578 employees worldwide and achieved US$19.299 billion in revenue during the 2018 fiscal year. The company is focused on oncology, rare diseases, neuroscience, gastroenterology, plasma-derived th...

MSB vs TAK — Head-to-Head

Bigger by revenue
TAK
TAK
1.2× larger
TAK
$4.3M
$3.6M
MSB
Higher net margin
MSB
MSB
73.7% more per $
MSB
77.1%
3.4%
TAK

Income Statement — Q3 FY2026 vs Q1 FY2025

Metric
MSB
MSB
TAK
TAK
Revenue
$3.6M
$4.3M
Net Profit
$2.8M
$144.2K
Gross Margin
77.1%
66.5%
Operating Margin
5.0%
Net Margin
77.1%
3.4%
Revenue YoY
-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
MSB
MSB
TAK
TAK
Q4 25
$3.6M
Q3 25
$5.6M
Q2 25
$4.7M
$4.3M
Q1 25
$6.9M
Q4 24
$79.0M
Q3 24
$6.5M
Q2 24
$6.3M
Q1 24
$6.2M
$4.0M
Net Profit
MSB
MSB
TAK
TAK
Q4 25
$2.8M
Q3 25
$4.7M
Q2 25
$3.6M
$144.2K
Q1 25
$6.1M
Q4 24
$78.3M
Q3 24
$5.4M
Q2 24
$3.5M
Q1 24
$4.7M
$317.0K
Gross Margin
MSB
MSB
TAK
TAK
Q4 25
77.1%
Q3 25
84.6%
Q2 25
76.7%
66.5%
Q1 25
88.5%
Q4 24
99.1%
Q3 24
83.2%
Q2 24
55.7%
Q1 24
75.3%
69.1%
Operating Margin
MSB
MSB
TAK
TAK
Q4 25
Q3 25
Q2 25
5.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
12.2%
Net Margin
MSB
MSB
TAK
TAK
Q4 25
77.1%
Q3 25
84.6%
Q2 25
76.7%
3.4%
Q1 25
88.5%
Q4 24
99.1%
Q3 24
83.2%
Q2 24
55.7%
Q1 24
75.3%
7.9%

Balance Sheet & Financial Strength

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

Metric
MSB
MSB
TAK
TAK
Cash + ST InvestmentsLiquidity on hand
$2.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$21.1M
$45.1B
Total Assets
$26.0M
$92.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSB
MSB
TAK
TAK
Q4 25
Q3 25
Q2 25
$2.5B
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$3.0B
Stockholders' Equity
MSB
MSB
TAK
TAK
Q4 25
$21.1M
Q3 25
$22.8M
Q2 25
$19.6M
$45.1B
Q1 25
$23.3M
Q4 24
$95.3M
Q3 24
$22.1M
Q2 24
$20.7M
Q1 24
$21.0M
$47.3B
Total Assets
MSB
MSB
TAK
TAK
Q4 25
$26.0M
Q3 25
$24.8M
Q2 25
$27.4M
$92.6B
Q1 25
$101.7M
Q4 24
$100.7M
Q3 24
$26.2M
Q2 24
$25.1M
Q1 24
$26.7M
$98.2B

Cash Flow & Capital Efficiency

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

Metric
MSB
MSB
TAK
TAK
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
MSB
MSB
TAK
TAK
Q4 25
$3.5M
Q3 25
$4.4M
Q2 25
$2.1M
Q1 25
$93.9M
Q4 24
$78.2M
Q3 24
$3.8M
Q2 24
$2.5M
Q1 24
$14.6M
Cash Conversion
MSB
MSB
TAK
TAK
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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