Mesa Royalty Trust (MTR) Income Statement
MTR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMTR revenue and net income
Where MTR's revenue goes
2025Each bar shows an amount and its share of revenue. MTR kept 84.9% of revenue as net income.
MTR profit margins
MTR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −19.3% | −47.3% | −6.3% | −11.6% |
| Gross profit | +1.9% | −47.3% | −6.3% | −11.6% |
| Operating income | −10.0% | −51.0% | −5.1% | −13.9% |
| Net income | +10.4% | −48.2% | −2.0% | −12.4% |
| EPS (diluted) | +23.8% | −49.1% | −21.8% | −10.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MTR quarterly EPS vs estimates
Next report: November 12, 2026.
MTR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $601,840 | $746,019 | $3.3M | $4.1M | $908,160 | $832,149 | $1.8M | $2.3M | $3.0M | $1.4M |
| Cost of revenue | $138,675 | $155,255 | $214,773 | $206,805 | $91,386 | $143,137 | $0 | $0 | $0 | $0 |
| Gross profit | $601,840 | $590,764 | $3.3M | $4.1M | $908,160 | $832,149 | $1.8M | $2.3M | $3.0M | $1.4M |
| Research & development | — | — | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 |
| Sales, general & admin | $171,832 | $196,399 | $186,843 | $197,482 | $172.7M | $193,947 | $202,747 | $217,138 | $100,795 | $152,778 |
| Total operating expenses | $171,832 | $113,144 | $536,843 | $456,982 | −$151,324 | $272,155 | $202,747 | $217,138 | $100,795 | $152,778 |
| Operating income | $430,008 | $477,620 | $2.7M | $3.7M | $756,836 | $559,994 | $1.6M | $2.1M | $2.9M | $1.2M |
| Interest income | $81,330 | $96,855 | $99,057 | $19,832 | $117 | $5,756 | $29,420 | $22,950 | $10,220 | $1,900 |
| Interest expense | — | — | — | — | $756,836 | $5,756 | $0 | $0 | $0 | $0 |
| Income before taxes | $510,906 | $462,956 | $2.9M | $3.7M | $756,840 | $565,750 | $1.6M | $2.1M | $2.9M | $1.2M |
| Income taxes | — | — | $83,042 | −$19,832 | −$756,836 | −$5,756 | −$29,415 | −$22,951 | $2.9M | −$1,899 |
| Net income | $510,906 | $462,956 | $2.9M | $3.7M | $756,836 | $565,750 | $1.6M | $2.1M | $2.9M | $1.2M |
| EBITDA | $430,008 | $530,465 | $2.8M | $3.7M | $756,836 | −$40.4M | $1.6M | $2.1M | $2.9M | $1.2M |
| EPS (diluted) | $0.26 | $0.21 | $1.49 | $1.97 | $0.82 | $0.89 | $0.83 | $1.28 | $1.49 | $1.04 |
| Gross margin | 100.0% | 79.2% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 71.4% | 64.0% | 83.6% | 88.9% | 83.3% | 67.3% | 88.8% | 90.7% | 96.7% | 88.9% |
| Net margin | 84.9% | 62.1% | 87.1% | 89.4% | 83.3% | 68.0% | 90.4% | 91.7% | 97.0% | 88.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $172,775 | $69,641 | $160,596 | $128,993 | $220,855 | $130,692 | $115,810 | $63,966 | $305,372 | $207,885 | $297,563 | $389,803 |
| Cost of revenue | $29,275 | $18,369 | $30,685 | $34,157 | $41,435 | $32,399 | $54,493 | $24,927 | $42,003 | $23,111 | — | $43,969 |
| Gross profit | $143,500 | $51,272 | $129,911 | $128,993 | $220,855 | $98,293 | $61,317 | $63,966 | $305,372 | $184,774 | — | $345,834 |
| Sales, general & admin | $42,184 | $69,040 | $171.7M | $61,255 | $45,484 | $49,693 | $38,812 | $52,258 | $59,138 | $46,192 | $35,364 | $31,131 |
| Total operating expenses | $12,909 | $50,671 | −$15,286 | $61,255 | $45,484 | $17,294 | −$15,681 | $52,258 | $106,138 | $48,081 | $85,364 | $62,162 |
| Operating income | $130,591 | $601 | $145,197 | $67,738 | $175,371 | $80,999 | $76,998 | $11,708 | $199,234 | $136,690 | $212,199 | $283,672 |
| Interest income | $17,744 | $17,954 | $19,566 | $21,156 | $20,446 | $20,161 | $22,323 | $25,887 | $24,417 | $24,228 | $23,706 | $32,329 |
| Income before taxes | $130,591 | $601 | $145,197 | $88,894 | $195,817 | $80,999 | $62,334 | $54,942 | $223,651 | $122,029 | $250,596 | $283,672 |
| Income taxes | — | — | — | — | — | — | −$7,042 | — | $13,913 | $7,042 | — | −$15,789 |
| Net income | $130,591 | $601 | $145,197 | $88,894 | $195,817 | $80,999 | $62,334 | $54,942 | $223,651 | $122,029 | $250,596 | $283,672 |
| EBITDA | $139,033 | $3,590 | $154,344 | $67,738 | $175,371 | $91,003 | $83,385 | $11,708 | $199,234 | $147,413 | — | $299,461 |
| EPS (diluted) | $0.07 | $0.01 | $0.07 | $0.04 | $0.11 | $0.04 | $0.03 | $0.01 | $0.11 | $0.06 | $0.12 | $0.14 |
| Gross margin | 83.1% | 73.6% | 80.9% | 100.0% | 100.0% | 75.2% | 52.9% | 100.0% | 100.0% | 88.9% | — | 88.7% |
| Operating margin | 75.6% | 0.9% | 90.4% | 52.5% | 79.4% | 62.0% | 66.5% | 18.3% | 65.2% | 65.8% | 71.3% | 72.8% |
| Net margin | 75.6% | 0.9% | 90.4% | 68.9% | 88.7% | 62.0% | 53.8% | 85.9% | 73.2% | 58.7% | 84.2% | 72.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MTR's financial statements (latest annual report filed March 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MTR financial results
In fiscal year 2025 (ended December 31, 2025), Mesa Royalty reported revenue of $0.6 million, down 19.3% from the year before. It had net income of $0.5 million (up 10.4%), a net profit margin of 84.9%. Diluted earnings per share came to $0.26. Over five years revenue grew at an average rate of −6.3% a year.
See the MTR stock overview for the latest quote and news, or the MTR chart for price history and technical indicators.
MTR income statement FAQ
What is Mesa Royalty's annual revenue?
Mesa Royalty reported total revenue of $0.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 19.3% from $0.7 million the previous year.
Is Mesa Royalty profitable?
Yes. Mesa Royalty reported net income of $0.5 million in fiscal 2025, a net profit margin of 84.9%; its operating margin was 71.4%.
What is Mesa Royalty's gross margin?
Mesa Royalty's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, Mesa Royalty kept $100 after the direct cost of its products and services.
How fast is Mesa Royalty growing?
Revenue grew −6.3% a year on average over the last five fiscal years, from $0.8 million to $0.6 million.
What are Mesa Royalty's earnings per share?
Mesa Royalty earned $0.26 per diluted share in fiscal 2025, compared with $0.21 a year earlier.
When will Mesa Royalty report its next earnings?
Mesa Royalty is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Mesa Royalty's fiscal year end?
Mesa Royalty's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 30, 2026.