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The Mosaic Company

MOS Basic Materials Agricultural Inputs

The Mosaic Company’s revenue for fiscal 2025 (year ended December 2025) was $12.1 billion, up 8.36% from fiscal 2024.

Revenue
−10.2%
EPS
−117.8%
Free cash flow
+102.1%
Total debt
+29.4%

Quarter to September 2026, against a year earlier

22.42 0.80 +3.70%
Market cap
$7.1B
P/E
0.0×
Fwd P/E
−11.3×
Dividend yield
3.93%
F-score
8/9
Altman Z
1.85
Beneish M
−2.65
Dividend safety
40/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Mosaic Fertilizantes
  • Phosphate
  • Potash
  • Corporate, Eliminations and Other

Every year since 2018 →

Insider Decisions last twelve months

Sold, $m 0.51
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 1 — — —
Insider Ownership 0.42%

Capital & Financial Ratios $m

Size
Market Cap 7,100.00
Revenue ttm 11,896.40
Net income ttm (1,103.70)
Free cash flow ttm (694.60)
Net debt Q 5,640.50
Valuation
P/E 0.00
Forward P/E (11.30) (negative: loss-making)
Price / sales 0.60
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.62
Financial health
Current ratio Q 1.50
Debt / equity Q 0.52
Interest coverage Q (1.62)
Growth
Revenue growth Q −10.18% (below 0%: shrinking)
Operating income growth Q −128.43% (below 0%: shrinking)
EPS, this year −86.71% (below 0%: weak)
EPS, next year A +361.06% (at or above 15%: strong)
Revenue, next year A +0.65%
EPS, past 5 yrs −0.58% (below 0%: weak)
EPS, next 5 yrs A −5.45% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.1×, against a ten-year median of 1.3×; over the ten years it ranged from 0.8× in 2023 to 2.0× in 2018.
P/S against its own 10 years 7.48%
10-year low 10-year high
P/B against its own 10 years 8.32%
10-year low 10-year high
EV/Sales against its own 10 years 25.78%
10-year low 10-year high

Dividends raised 7 years running

Yield
3.93%
Annual rate
0.88
Payout ratio
—
Growth, 2017–25
+4.90%/yr
  1. 0.60 ’17
  2. 0.10 ’18 −83
  3. 0.18 ’19 +75
  4. 0.20 ’20 +14
  5. 0.28 ’21 +38
  6. 0.56 ’22 +105
  7. 0.80 ’23 +42
  8. 0.84 ’24 +5
  9. 0.88 ’25 +5
  10. 0.88 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 349 273 277 273
Receivables 1,269 1,113 1,079 1,014
Inventory 2,523 2,548 3,363 3,224
Other 604 564 519 517
4,745 4,498 5,238 5,027
2023 2024 2025 Q'26
Payables 1,167 1,157 1,172 871
ST’ Debt 530 892 803 580
Other — — 55 77
3,874 4,171 3,983 3,356

Compound Annual Growth %

10y 5y 3y
Sales 3.08% 6.78% (14.27%)
Cash Flow (8.65%) (12.22%) (40.60%)
Earnings (5.97%) (4.09%) (46.76%)
Book Value 2.49% 4.63% 0.11%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate −0.03 Actual −0.19

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.48 0.22 Miss by 0.26
Q1 FY26 0.20 0.05 Miss by 0.15
Q2 FY26 0.09 0.13 Beat by 0.04
Q3 FY26 −0.03 −0.19 Miss by 0.16
Q4 FY26 0.17 — Reports 23 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.81) (0.86) (0.21) — —
’25 0.75 1.29 1.29 (1.64) 1.70
’24 0.14 (0.50) 0.38 0.53 0.55
’23 1.28 1.11 (0.01) 1.11 3.50
’22 3.19 2.85 2.42 1.52 10.06
’21 0.41 1.14 0.97 1.76 4.27
’20 (0.54) 0.12 (0.02) 2.17 1.75
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,998 2,824 3,101 — —
’25 2,621 3,006 3,452 2,974 12,052
’24 2,679 2,817 2,811 2,816 11,123
’23 3,604 3,394 3,548 3,150 13,696
’22 3,922 5,373 5,349 4,481 19,125
’21 2,297 2,801 3,419 3,841 12,357
’20 1,798 2,045 2,382 2,457 8,682
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 104 167 284 — —
’25 43 610 229 (56) 825
’24 (80) 847 313 219 1,299
’23 149 1,073 647 538 2,407
’22 506 1,585 889 956 3,936
’21 319 1,015 423 430 2,187
’20 190 814 341 238 1,583
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (221) (150) 3 — —
’25 (292) 305 (142) (327) (456)
’24 (463) 513 72 (58) 64
’23 (172) 762 236 184 1,010
’22 216 1,323 535 615 2,689
’21 30 718 83 68 898
’20 (74) 557 76 (146) 412
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 3.3% a year for ten years.

Implied
3.3%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 7,163 7,409 9,587 8,906 8,682 12,357 19,125 13,696 11,123 12,052 11,896 +6.0% 12,131 12,863 12,700 +1.8%
Gross margin, % 11.31 11.37 15.63 10.07 12.27 25.90 30.10 16.14 13.59 15.78 7.37 +4.5 pt
EBT 242 374 552 (1,256) 181 2,225 4,643 1,326 315 1,213 (954) +19.6%
EBT margin, % 3.38 5.05 5.75 (14.10) 2.08 18.00 24.27 9.68 2.84 10.06 (8.02) +6.7 pt
Net income 301 (104) 470 (1,091) 666 1,635 3,614 1,209 202 575 (1,104) +7.5%
Per share, $
Per share, $ Revenue 20.44 21.12 24.92 23.21 22.91 32.68 54.27 41.34 34.78 37.98 0.00 +7.1%
Earnings 0.85 (0.31) 1.22 (2.78) 1.76 4.31 10.06 3.52 0.55 1.70 (3.54) +8.0%
Cash flow 3.60 2.67 3.66 2.85 4.18 5.78 11.17 7.27 4.06 2.60 0.00 (3.5%)
Capex (2.40) (1.48) (2.45) (3.30) (3.09) (3.41) (3.54) (4.22) (3.86) (4.04) 0.00 +5.9%
Free cash flow 1.19 1.19 1.22 (0.45) 1.09 2.38 7.63 3.05 0.20 (1.44) 0.00 n/m
Book value 27.46 27.47 27.56 24.41 25.74 28.43 34.60 37.53 36.32 38.56 0.00 +3.8%
Shares, m 350 351 385 384 379 378 352 331 320 317 318 (1.1%)
Valuation, ×
Valuation, × P/E 35.15 0.00 23.94 0.00 13.22 9.09 4.23 10.36 44.69 14.25 0.00 15.5
P/S 1.44 1.26 1.17 0.93 1.00 1.20 0.79 0.88 0.71 0.63 0.60 1.0
P/B 1.08 0.97 1.06 0.89 0.89 1.38 1.23 0.97 0.68 0.62 0.62 1.0
EV/Sales 1.88 1.68 1.56 1.39 1.47 1.49 0.94 1.13 1.06 1.03 1.07 1.4
EV/FCF 32.28 29.86 31.89 (71.76) 30.89 20.44 6.66 15.35 184.00 (27.26) (18.38) 25.2
Cash, $m
Cash, $m Operating cash flow 1,260 936 1,410 1,095 1,583 2,187 3,936 2,407 1,299 825 500 (4.6%)
Capex (842) (519) (942) (1,268) (1,171) (1,289) (1,247) (1,398) (1,235) (1,280) (1,194) +4.8%
Free cash flow 418 416 468 (173) 412 898 2,689 1,010 64 (456) (695) n/m
Balance, $m
Balance, $m Working capital 1,581 2,585 1,753 1,127 375 538 1,023 871 327 1,255 1,672 (2.5%)
Net debt 3,145 3,074 3,681 4,095 4,004 3,512 2,887 3,413 3,952 4,777 5,641 +4.8%
Shareholders’ equity 9,623 9,639 10,605 9,368 9,755 10,749 12,194 12,433 11,615 12,234 11,476 +2.7%
Returns, %
Returns, % ROA 1.74 (0.60) 2.43 (5.42) 3.41 7.80 15.78 5.02 0.76 2.28 (4.60) +0.5 pt
ROIC 1.56 2.29 4.06 (5.08) 1.88 10.82 19.83 5.28 2.50 3.02 (2.21) +1.5 pt
ROE 3.10 (1.11) 4.64 (10.69) 6.97 15.91 31.23 9.46 1.45 4.53 (9.19) +1.4 pt
People
People Employees 8,700 8,500 12,900 12,600 12,617 12,525 13,570 14,049 13,765 13,249 — +4.8%
Revenue/emp, $m 0.82 0.87 0.74 0.71 0.69 0.99 1.41 0.97 0.81 0.91 — +1.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

The Mosaic Company produces and sells phosphate and potash crop nutrients, which farmers use to replenish nutrients in soil. It also sells phosphate-based animal feed ingredients and potash for industrial uses. The company was founded in 2004, is headquartered in Tampa, Florida, and is led by President and Chief Executive Officer Bruce M. Bodine Jr.

Mosaic mines phosphate rock and turns it into finished crop nutrients and feed ingredients. It also mines and processes potash, a source of potassium for crops. Its phosphate mines are in Florida, Brazil and Peru, while its potash operations are in Canada. Mosaic completed the sale of its Carlsbad potash mine in New Mexico in 2026 and stopped selling the K-Mag product in the third quarter.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Mosaic Fertilizantes 4,847 40.22%
Phosphate 3,878 32.17%
Potash 2,659 22.06%
Corporate, Eliminations and Other 669 5.55%
Gross margin 15.78%
Operating margin 6.82%
Pre-tax margin 10.06%

Revenue by segment since 2018

The Mosaic Company vs peers in Agricultural Inputs (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NTR Nutrien Ltd. $34.4B 14.6× 15.1× +3.58% (above 0%: growing) +0.80% (above 0%: growing) −5.72% (below 0%: shrinking) 30.07% 16.44% Compare
CF CF Industries Holdings, Inc. $17.9B 8.3× 8.0× +12.12% (above 0%: growing) +31.51% (above 0%: growing) +23.85% (above 0%: growing) 38.71% 37.69% Compare
CTVA Corteva, Inc. $8.0B 8.0× 14.2× −1.19% (below 0%: shrinking) −9.90% (below 0%: shrinking) −169.39% (below 0%: shrinking) 57.39% 26.21% Compare
MOS The Mosaic Company $7.1B — (loss-making) — (loss-making) −10.18% (below 0%: shrinking) n/m +102.12% (above 0%: growing) 2.71% (3.12%)
ICL ICL Group Ltd. $6.0B 19.5× 20.4× +16.54% (above 0%: growing) +57.14% (above 0%: growing) +38.81% (above 0%: growing) 31.10% 12.46% Compare
SMG The Scotts Miracle-Gro Company $3.9B 37.2× 23.4× −39.12% (below 0%: shrinking) n/m +24.47% (above 0%: growing) (0.69%) (47.21%) Compare
UAN CVR Partners, LP $1.2B 10.8× — −10.64% (below 0%: shrinking) n/m +5.14% (above 0%: growing) 21.70% (2.49%) Compare
FMC FMC Corporation $944.2M — (loss-making) — (loss-making) −80.47% (below 0%: shrinking) n/m +90.90% (above 0%: growing) (379.23%) (1,050.24%) Compare
IPI Intrepid Potash, Inc $422.1M 16.9× — (loss-making) −4.11% (below 0%: shrinking) −54.76% (below 0%: shrinking) −85.77% (below 0%: shrinking) 19.68% 0.41% Compare
Median of peers $4.9B 14.6× 15.1× −2.65% +0.80% +14.50% 25.89% 6.44%

All 15 Agricultural Inputs stocks →

From the latest earnings call

Updated

  • CEO Bruce Bodine said Mosaic curtailed phosphate production to match affordable sulfur supply, while commercial chief Yijun Wang said fourth-quarter North American phosphate availability was sold out.
  • Bodine said lower-than-anticipated potash production limited inventory for fourth-quarter sales, prompting Mosaic to adjust its guidance, although he reported improved performance at Esterhazy in October.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Mizuho Securities Nov 5, 2026 Target cut Hold 22.00 → 20.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 95.28%
Held by the ten largest 51.03%
Holder Shares Stake Change
Vanguard 38.46m 12.10% −409.54k
BlackRock 24.75m 7.79% +1.10m
AQR Capital Management 18.23m 5.74% +7.33m
State Street 15.04m 4.73% +1.63m
Invesco 14.90m 4.69% +3.67m
Dimensional Fund Advisors 14.41m 4.53% +171.36k
Fidelity (FMR) 13.20m 4.15% −15.88m
Geode Capital Management 8.92m 2.81% +167.59k
DONALD SMITH & CO., INC. 7.72m 2.43% +3.11m
Millennium Management 6.59m 2.07% +6.36m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 16 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 10.41m 10.98m 116.32
2024 9.88m 6.25m 115.10
2023 11.88m 34.08m 162.38
2022 12.06m 37.59m 194.22
2021 12.30m 41.86m 172.15

Ownership

Directors and executive officers, together less than 1%
Fidelity Management & Research Company, LLC 12.58%
The Vanguard Group, Inc. 11.79%
BlackRock, Inc. 6.69%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

The Mosaic Company (MOS) Latest News

5 Nov

Impact 3 · · Barchart

4 Nov

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Impact 3 · · The Motley Fool transcript
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3 Nov

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26 Oct

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18 Oct

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17 Oct

Impact 3 · · Insider Monkey

14 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Barchart

5 Oct

Impact 3 · · MT Newswires

25 Sep

Impact 3 · · Barchart

23 Sep

Impact 3 ·

22 Sep

Impact 3 ·

21 Sep

Impact 3 · · Insider Monkey

17 Sep

Impact 3 ·

21 Aug

Impact 3 ·

17 Aug

Impact 3 ·

11 Aug

Impact 4 · · The Motley Fool transcript

8 Aug

Impact 3 · · MarketBeat

5 Aug

Impact 3 · transcript
Impact 3 ·

4 Aug

Impact 3 ·

MOS metrics, ten years each

stockrow.com/MOS · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com