Mesa Royalty Trust (MTR) Key Metrics
MTR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.8M
- Enterprise value
- $2.5M
- P/E (TTM)
- 10.1 10-yr median 12.6
- Forward P/E
- 19.7
- PEG ratio
- —
- Price / sales
- 6.8 10-yr median 10.7
- Price / book
- 1.4 10-yr median 5.5
- EV / EBITDA
- 8.5 10-yr median 11.1
- Dividend yield
- 6.93% $0.14 a year
- Beta
- 0.42
MTR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMTR valuation Price multiples at each fiscal year-end price.
MTR returns How much profit the business earns on the capital it uses.
MTR per-share figures Results divided by the shares outstanding at year-end.
MTR financial health Debt, liquidity and how easily interest is covered.
MTR efficiency & capital use Working capital cycle and where the cash goes.
MTR valuation history
MTR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MTR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MTR cash returned to shareholders
MTR price vs earnings per share
MTR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $8.1M | $11.0M | $24.6M | $41.0M | $11.5M | $7.6M | $13.0M | $20.2M | $34.4M | $20.3M |
| Enterprise value | $6.0M | $11.0M | $22.5M | $38.7M | $10.2M | $6.5M | $11.7M | $18.6M | $32.6M | $18.7M |
| P/E ratio | 15.8 | 23.8 | 8.6 | 11.1 | 15.1 | 13.5 | 7.9 | 9.5 | 11.7 | 16.7 |
| Price / sales | 13.4 | 14.8 | 7.5 | 10.0 | 12.6 | 9.2 | 7.2 | 8.7 | 11.4 | 14.9 |
| Price / book | 2.5 | 3.5 | 8.1 | 15.2 | 4.6 | 2.9 | 5.0 | 7.2 | 11.1 | 5.9 |
| Price / free cash flow | 15.8 | 20.6 | — | — | 137.0 | 13.5 | 7.9 | 9.5 | 11.7 | 16.7 |
| Price / operating cash flow | 15.8 | 20.6 | — | — | 137.0 | 13.5 | 7.9 | 9.5 | 11.7 | 16.7 |
| EV / sales | 9.9 | 14.7 | 6.9 | 9.4 | 11.2 | 7.9 | 6.5 | 8.0 | 10.8 | 13.7 |
| EV / EBITDA | 13.9 | 20.7 | 8.0 | 10.6 | 13.5 | — | 7.3 | 8.7 | 11.1 | 15.4 |
| EV / free cash flow | 11.7 | 20.5 | — | — | 121.9 | 11.6 | 7.2 | 8.7 | 11.1 | 15.4 |
| Earnings yield | 6.3% | 4.2% | 11.6% | 9.0% | 6.6% | 7.4% | 12.6% | 10.6% | 8.5% | 6.0% |
| Free cash flow yield | 6.3% | 4.9% | −319.6% | −191.7% | 0.7% | 7.4% | 12.6% | 10.6% | 8.5% | 6.0% |
| Dividend yield | 5.4% | 3.6% | 11.3% | 8.9% | 6.9% | 7.1% | 13.1% | 11.0% | 8.2% | 5.9% |
| Shareholder yield (dividends + buybacks) | 5.4% | 3.6% | 11.3% | 8.9% | 6.9% | 7.1% | 13.1% | 11.0% | 8.2% | 5.9% |
| Share price at fiscal year-end | $4.32 | $5.91 | $13.20 | $22.01 | $6.15 | $4.09 | $6.95 | $10.85 | $18.45 | $10.90 |
| Per share | ||||||||||
| Revenue per share | $0.32 | $0.40 | $1.76 | $2.21 | $0.49 | $0.45 | $0.97 | $1.25 | $1.63 | $0.73 |
| Earnings per share | $0.27 | $0.25 | $1.53 | $1.98 | $0.41 | $0.30 | $0.88 | $1.15 | $1.58 | $0.65 |
| Operating cash flow per share | $0.27 | $0.29 | −$42.19 | −$42.19 | $0.04 | $0.30 | $0.88 | $1.15 | $1.58 | $0.65 |
| Free cash flow per share | $0.27 | $0.29 | −$42.19 | −$42.19 | $0.04 | $0.30 | $0.88 | $1.15 | $1.58 | $0.65 |
| Cash per share | $1.11 | $0.03 | $1.13 | $1.26 | $0.68 | $0.58 | $0.66 | $0.86 | $0.97 | $0.86 |
| Book value per share | $1.70 | $1.68 | $1.63 | $1.44 | $1.34 | $1.39 | $1.39 | $1.50 | $1.66 | $1.85 |
| Tangible book value per share | $1.70 | $1.68 | $1.63 | $1.44 | $1.34 | $0.58 | $1.39 | $1.50 | $0.60 | $0.54 |
| Dividends per share | $0.23 | $0.21 | $1.49 | $1.97 | $0.42 | $0.29 | $0.91 | $1.19 | $1.51 | $0.65 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares outstanding | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M |
| Change in shares outstanding | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 16.2% | 15.0% | 99.7% | 142.0% | 29.8% | 21.9% | 60.8% | 72.6% | 89.9% | 33.9% |
| Return on invested capital (ROIC) | 16.3% | 18.8% | 416.6% | 468.2% | 55.2% | 39.1% | 126.5% | 170.3% | 93.5% | 58.4% |
| Return on assets (ROA) | 15.8% | 14.0% | 79.8% | 113.5% | 28.4% | 20.8% | 52.8% | 59.9% | 75.1% | 29.7% |
| Return on tangible assets | 15.5% | 14.5% | 83.8% | 98.2% | 27.6% | 52.6% | 57.6% | 63.7% | 163.1% | 75.7% |
| Free cash flow margin | 84.9% | 71.7% | — | — | 9.2% | 68.0% | 90.4% | 91.7% | 97.0% | 88.9% |
| Income quality (OCF / net income) | 1.00 | 1.16 | −27.52 | −21.35 | 0.11 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Financial health | ||||||||||
| Total debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash & short-term investments | $2.1M | $58,100 | $2.1M | $2.4M | $1.3M | $1.1M | $1.2M | $1.6M | $1.8M | $1.6M |
| Net debt | −$2.1M | −$58,100 | −$2.1M | −$2.4M | −$1.3M | −$1.1M | −$1.2M | −$1.6M | −$1.8M | −$1.6M |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net debt / EBITDA | −4.82 | −0.11 | −0.74 | −0.64 | −1.67 | — | −0.77 | −0.75 | −0.62 | −1.32 |
| Current ratio | 16.72 | 33.22 | 5.72 | 2.23 | 5.24 | — | 4.82 | 2.83 | 2.64 | 2.66 |
| Quick ratio | 16.72 | 33.22 | 5.72 | 2.23 | 5.24 | — | 4.82 | 2.83 | 2.64 | 2.66 |
| Interest coverage | — | — | — | — | 1.0 | 97.3 | — | — | — | — |
| Working capital | $1.9M | $1.9M | $1.7M | $1.3M | $1.0M | $1.1M | $977,212 | $1.0M | $1.1M | $1.0M |
| Invested capital | $1.1M | $3.1M | $944,134 | $334,455 | $1.2M | $1.5M | $1.4M | $1.2M | $1.3M | $1.8M |
| Tangible asset value | $3.2M | $3.1M | $3.0M | $2.7M | $2.5M | −$1.5M | $2.6M | $2.8M | $1.1M | $1.0M |
| Net current asset value | $1.9M | $1.9M | $1.7M | $1.3M | $1.0M | −$1.5M | $977,212 | $1.0M | $1.1M | $1.0M |
| Graham number | $3.24 | $3.06 | $7.50 | $8.01 | $3.50 | $3.08 | $5.23 | $6.22 | $7.68 | $5.20 |
| Graham net-net per share | $1.05 | −$0.00 | $0.93 | $0.70 | $0.55 | −$0.81 | $0.52 | $0.56 | $0.60 | $0.54 |
| Capital allocation | ||||||||||
| Dividends paid | $433,920 | $393,140 | $2.8M | $3.7M | $787,030 | $544,690 | $1.7M | $2.2M | $2.8M | $1.2M |
| Dividend payout ratio | 84.9% | 84.9% | 97.1% | 99.7% | 104.0% | 96.3% | 103.7% | 103.8% | 95.9% | 99.4% |
| Dividends + buybacks / free cash flow | 84.9% | 73.5% | — | — | 941.0% | 96.3% | 103.7% | 103.8% | 95.9% | 99.4% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 28.6% | 26.3% | 5.7% | 4.8% | 19,020.5% | 23.3% | 11.2% | 9.3% | 3.3% | 11.2% |
| Efficiency | ||||||||||
| Payables turnover | — | — | — | — | — | — | — | — | 0.00 | 0.00 |
| Asset turnover | 0.19 | 0.23 | 0.92 | 1.27 | 0.34 | 0.31 | 0.58 | 0.65 | 0.77 | 0.33 |
| Average payables | — | — | — | — | — | — | — | — | $643,027 | $509,632 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 58.4% | 0.0% | 0.0% | 52.3% | 60.3% |
Computed from MTR's annual financial statements (latest annual report filed March 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MTR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Mesa Royalty traded at 15.8 times earnings, against a 10-year median of 12.6. Based on the latest twelve months, the trailing P/E is 10.1 and the forward P/E is 19.7. Mesa Royalty earned a return on equity of 16.2% and a return on invested capital of 16.3% in fiscal 2025. It ended the year with $0 of debt and $2.1 million in cash and short-term investments, a net cash position of $2.1 million. It returned $0.4 million to shareholders: $0.4 million in dividends and $0 in share buybacks, 85% of free cash flow.
See the MTR income statement, the MTR chart for price history, or the MTR stock overview for the latest quote and news.
MTR key metrics FAQ
What is Mesa Royalty's P/E ratio?
Mesa Royalty's trailing P/E ratio is 10.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 19.7. At the end of fiscal 2025 it was 15.8, compared with a 10-year median of 12.6.
What is Mesa Royalty's EV/EBITDA?
Mesa Royalty's enterprise value was 13.9 times EBITDA at the end of fiscal 2025 (enterprise value $6.0 million, EBITDA $0.4 million); the current EV/EBITDA is 8.5.
What is Mesa Royalty's return on equity?
Mesa Royalty's return on equity (ROE) was 16.2% in fiscal 2025: net income of $0.5 million on average shareholders' equity of $3.1 million.
What is Mesa Royalty's ROIC?
Mesa Royalty's return on invested capital was 16.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Mesa Royalty have?
Mesa Royalty had total debt of $0 at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
What is Mesa Royalty's dividend yield?
Mesa Royalty's forward dividend yield is 6.93%. Mesa Royalty paid $0.4 million in dividends in fiscal 2025 ($0.23 per share), a payout ratio of 84.9%.
What is Mesa Royalty's free cash flow yield?
Mesa Royalty generated $0.5 million of free cash flow in fiscal 2025, a free cash flow yield of 6.3% on its market value at year-end ($8.1 million).
What is Mesa Royalty's current ratio?
Mesa Royalty's current ratio was 16.72 at the end of fiscal 2025: current assets were 16.72 times current liabilities.