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The Mosaic Company (MOS) stock

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NYSE: MOS NYSE Fertilizers & Agricultural Chemicals Next results ~November 3, 2026

C Fundamentals grade

The Mosaic Company is a US-listed company in the fertilizers & agricultural chemicals industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$30

Valuation models combined (5)

Base case. Range ~$15–$48. Weighted average of 5 models (growth cash-flow model, forward price-to-earnings vs peers, residual income, justified price-to-book, forward price-to-sales vs peers), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

The Mosaic Company valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter The Mosaic files

Where Mosaic stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $12.2bn, up 8.8% on a year earlier, slower than 12.3% a quarter earlier. Free-cash-flow margin fell to -7.7% from 0.0% a year earlier. Operating margin narrowed to -1.4% from 7.1%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 1 financial-health checks. Our cash-flow model value is $-2.67 a share, against a share price of $18.00.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

The Mosaic Company's trailing-twelve-month revenue grew 8.8% year on year, with a free-cash-flow margin of -7.7%. Where it stands out: stock pay as % of revenue of 0.3% ranks 2 of 9 fertilizers & agricultural chemicals companies we cover. Where it lags: change in growth rate of -3.5pp ranks 10 of 11 fertilizers & agricultural chemicals companies we cover.

Current signal Net margin compressing: TTM net margin fell to -5.2%, down 13.6pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in The Mosaic Company's latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 10 November; the share price can move sharply on the day.
  • Loss-making. Operating margin is -1.4%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 8.5 points on a year ago.
  • Burning cash. Free cash flow was -7.7% of revenue over the last 12 months.
  • Growth easing. The growth rate is 3.5 points lower than a quarter earlier.
  • Gross margin slipping. Gross margin is down 4.4 points on a year ago.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.13 against an average estimate of $0.14: missed by 5.9%
Revenue
$2.82bn, down 6.0% on a year earlier
Share reaction
+7.3% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Next report
November 3, 2026; average EPS estimate -$0.02

The Mosaic's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.5%
  • 1 week+7.5%
  • 1 month-9.7%
  • This year-18.8%
  • 1 year-28.1%
  • 5 years-45.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$12.2B
Operating margin
-1.4%
Net margin
-5.2%
EPS (TTM, diluted)
$-2.00

Growth

Revenue growth
+8.8%
Change in growth rate
−3.5 pts
Share count change
−0.1%

Cash

Free cash flow (TTM)
-$947M
FCF margin
-7.7%
Stock pay % of revenue
0.3%

Earnings

Last results
August 4, 2026
Next results (est.)
November 10, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Dividend
  2. Results
  3. Leadership
  4. Announcement
  5. Product
  6. Results
  7. Financing
  8. Announcement
  9. Announcement
  10. Announcement
  11. Results
  12. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

The Mosaic Company valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Our value per share comes from a discounted-cash-flow model of The Mosaic Company's free cash flow after stock-based pay ( $132M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value The Mosaic Company as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.81 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$21 ~$9.7–$29 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$15 ~$16–$21 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$45 ~$31–$67 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$48 ~$41–$58 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$31 ~$35–$57 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$30 ~$15–$48 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare The Mosaic Company with Fertilizers & Agricultural Chemicals in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$22.14$24.51$21.96$25.09$18.75$20.17$34.72$39.17$32.73$23.19$23.45$19.03
Market value$8.0bn$8.6bn$7.7bn$9.7bn$7.2bn$7.7bn$13.2bn$13.9bn$10.9bn$7.4bn$7.5bn$6.1bn
+ Net debt (− = net cash)$2.6bn$3.1bn$3.1bn$3.7bn$4.1bn$4.0bn$3.5bn$2.9bn$3.4bn$4.0bn$4.8bn$5.6bn
Enterprise value$10.6bn$11.8bn$10.8bn$13.4bn$11.3bn$11.7bn$16.8bn$16.8bn$14.3bn$11.4bn$12.3bn$11.6bn
Multiples
Price / sales 0.9x1.2x1.0x1.0x0.8x0.9x1.1x0.7x0.8x0.7x0.6x0.5x
Price / earnings 8.0x28.9x—20.6x—11.5x8.1x3.9x9.4x42.5x13.8x—
Price / free cash flow 7.7x20.7x66.8x21.3x—18.7x14.7x5.2x10.9x156.9x——
EV / EBITDA 5.2x11.4x9.5x7.4x—9.3x5.1x2.9x6.2x6.9x6.5x11.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

39 /100

Weak moat

How hard The Mosaic's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 4 / 20

    Cash operating profit has been a median 4.9% of total assets over 10 years.

  • Pricing power 3 / 20

    Gross margin has been a median 14.9%, moving by 6.7 percentage points (standard deviation) across 10 years.

  • Durability 1 / 20

    Operating margin has been a median 7.0%; its worst year was -11.9%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 8 of 10 years, at a median 4.5% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 16.8% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $3.1bn and EPS of −$0.02 (range −$0.14 to $0.09) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.34 −85% $12.1bn +1%
Next $1.52 +348% $12.8bn +6%

Next year's EPS estimate has moved −16.4% in 90 days, across 16 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −56.3% on 90 days ago. In the last 30 days, 1 analyst raised The Mosaic Company's forecast and 3 cut it.

Consensus EPS forecast The Mosaic Company, last 90 days
$0.00 $0.50 $1.00 $1.50 $2.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.78 Current fiscal year, 60 days ago: $0.41 Current fiscal year, 30 days ago: $0.39 Current fiscal year, 7 days ago: $0.37 Current fiscal year, Now: $0.34 $0.34 Next fiscal year, 90 days ago: $1.82 Next fiscal year, 60 days ago: $1.61 Next fiscal year, 30 days ago: $1.56 Next fiscal year, 7 days ago: $1.52 Next fiscal year, Now: $1.52 $1.52

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.78$1.82
60 days ago $0.41$1.61
30 days ago $0.39$1.56
7 days ago $0.37$1.52
Now $0.34$1.52

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.14 $0.13 −5.9%
Mar 2026 $0.22 $0.05 −77.3%
Dec 2025 $0.47 $0.22 −53.0%
Sept 2025 $0.95 $1.04 +9.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026

No numeric guidance in The Mosaic Company's latest earnings release (filed August 4, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows The Mosaic Company's revenue by +2.6% next year and +4.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+2.0%, weight 69%) and the company's own record (+4.0%, weight 31%) . How the weights are set.

Analyst recommendations

20 analysts, Oct 2026
Buy840%
Hold1050%
Sell210%

Monthly trend

  1. Oct 2026261020
  2. Sep 202645920
  3. Aug 202645920
  4. Jul 202646920

Counts of recommendations published by analysts covering The Mosaic Company, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
14.1%
of tradable shares
Days to cover
3.69
at average volume
Short interest, 1 month
+9%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.3%
of shares
Employees
13,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −28.1%

$26.48 on October 31, 2025 to $19.03

ThenNowEffect
Revenue (last 12 months) $11.3bn $12.2bn +8.8%
P/S multiple 0.8x 0.5x −34.0%
Share count 319m 318m +0.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −37.4%

$30.39 on November 3, 2023 to $19.03

ThenNowEffect
Revenue (last 12 months) $16.8bn $12.2bn −27.2%
P/S multiple 0.6x 0.5x −19.6%
Share count 341m 318m +7.0%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MOS+72%+13%−16%−29%+1%−19%
Industry peers (median)+24%+22%−17%+8%−7%+15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MOS75%58%50%25%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MOS−23%−44%−44%−33%−37%−44%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 81% from November 8, 2018 to March 18, 2020. Getting back needed a 421% gain, reached on April 28, 2021, 406 days after the low.

Price behaviour

52-week range
$17.27 – $30.78
From 52-week high
−38.2%
vs 50-day average
−13.1%
vs 200-day average
−19.1%
Volatility (1 year)
45%
Beta vs S&P 500
0.55

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±5.0%
After a week
5 up, 7 down
typical move ±5.9%
After a month
5 up, 7 down
typical move ±7.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +7.3% +1.6% +5.9% +18.2%
May 11, 2026 +0.9% +0.1% −3.5% −9.8%
February 24, 2026 −6.1% +1.6% −6.8% −8.1%
November 4, 2025 −3.8% −0.8% −5.7% −10.8%
August 5, 2025 −12.9% +0.3% −12.2% −8.2%
February 27, 2025 −5.2% −0.1% −1.1% +9.0%
November 12, 2024 −6.8% −0.3% −9.4% −4.1%
August 6, 2024 +0.3% +0.2% +6.0% +0.9%
May 1, 2024 −9.5% +0.6% −5.8% −1.5%
February 21, 2024 +6.1% +2.2% +1.7% +6.2%
November 7, 2023 +0.9% +0.4% +10.6% +11.2%
August 1, 2023 −0.1% −1.7% +2.5% −4.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

The Mosaic Company in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) The Mosaic Company
$11B $12B $13B $14B $15B $16B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $15B Revenue (TTM), FY23 Q4: $13.7B Revenue (TTM), FY24 Q1: $12.8B Revenue (TTM), FY24 Q2: $12.2B Revenue (TTM), FY24 Q3: $11.5B Revenue (TTM), FY24 Q4: $11.1B Revenue (TTM), FY25 Q1: $11.1B Revenue (TTM), FY25 Q2: $11.3B Revenue (TTM), FY25 Q3: $11.9B Revenue (TTM), FY25 Q4: $12.1B Revenue (TTM), FY26 Q1: $12.4B Revenue (TTM), FY26 Q2: $12.2B $12.2B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $15B
FY23 Q4 $13.7B
FY24 Q1 $12.8B
FY24 Q2 $12.2B
FY24 Q3 $11.5B
FY24 Q4 $11.1B
FY25 Q1 $11.1B
FY25 Q2 $11.3B
FY25 Q3 $11.9B
FY25 Q4 $12.1B
FY26 Q1 $12.4B
FY26 Q2 $12.2B
Revenue growth, TTM YoY The Mosaic Company
-40% -20% 0% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -18.7% Revenue growth, TTM YoY, FY23 Q4: -28.4% Revenue growth, TTM YoY, FY24 Q1: -32.1% Revenue growth, TTM YoY, FY24 Q2: -27.5% Revenue growth, TTM YoY, FY24 Q3: -23.8% Revenue growth, TTM YoY, FY24 Q4: -18.8% Revenue growth, TTM YoY, FY25 Q1: -13.4% Revenue growth, TTM YoY, FY25 Q2: -7.7% Revenue growth, TTM YoY, FY25 Q3: 3.8% Revenue growth, TTM YoY, FY25 Q4: 8.4% Revenue growth, TTM YoY, FY26 Q1: 12.3% Revenue growth, TTM YoY, FY26 Q2: 8.8% 8.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -18.7%
FY23 Q4 -28.4%
FY24 Q1 -32.1%
FY24 Q2 -27.5%
FY24 Q3 -23.8%
FY24 Q4 -18.8%
FY25 Q1 -13.4%
FY25 Q2 -7.7%
FY25 Q3 3.8%
FY25 Q4 8.4%
FY26 Q1 12.3%
FY26 Q2 8.8%
Operating margin (TTM) The Mosaic Company
-5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 11.7% Operating margin (TTM), FY23 Q4: 9.8% Operating margin (TTM), FY24 Q1: 7.6% Operating margin (TTM), FY24 Q2: 6.8% Operating margin (TTM), FY24 Q3: 7.0% Operating margin (TTM), FY24 Q4: 5.6% Operating margin (TTM), FY25 Q1: 7.1% Operating margin (TTM), FY25 Q2: 7.1% Operating margin (TTM), FY25 Q3: 8.6% Operating margin (TTM), FY25 Q4: 6.8% Operating margin (TTM), FY26 Q1: 0.9% Operating margin (TTM), FY26 Q2: -1.4% -1.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 11.7%
FY23 Q4 9.8%
FY24 Q1 7.6%
FY24 Q2 6.8%
FY24 Q3 7.0%
FY24 Q4 5.6%
FY25 Q1 7.1%
FY25 Q2 7.1%
FY25 Q3 8.6%
FY25 Q4 6.8%
FY26 Q1 0.9%
FY26 Q2 -1.4%
FCF margin (TTM) The Mosaic Company
-10% -5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 9.6% FCF margin (TTM), FY23 Q4: 7.3% FCF margin (TTM), FY24 Q1: 5.6% FCF margin (TTM), FY24 Q2: 3.8% FCF margin (TTM), FY24 Q3: 2.6% FCF margin (TTM), FY24 Q4: 0.4% FCF margin (TTM), FY25 Q1: 1.9% FCF margin (TTM), FY25 Q2: 0.0% FCF margin (TTM), FY25 Q3: -1.7% FCF margin (TTM), FY25 Q4: -4.4% FCF margin (TTM), FY26 Q1: -3.9% FCF margin (TTM), FY26 Q2: -7.7% -7.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 9.6%
FY23 Q4 7.3%
FY24 Q1 5.6%
FY24 Q2 3.8%
FY24 Q3 2.6%
FY24 Q4 0.4%
FY25 Q1 1.9%
FY25 Q2 0.0%
FY25 Q3 -1.7%
FY25 Q4 -4.4%
FY26 Q1 -3.9%
FY26 Q2 -7.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-KT, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar The Mosaic took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $12.1B
  2. Other income $359M · 3.0%
  3. Cost of revenue $10.2B · 84.2%
  4. Gross profit $1.9B · 15.8%
  5. Selling, general and admin $534M · 4.4%
  6. Other operating costs $547M · 4.5%
  7. Operating income $822M · 6.8%
  8. Income tax $640M · 5.3%
  9. Net income $541M · 4.5%

Shares of revenue. Source: The Mosaic's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 May 2009 2010 May 2010 2011 May 2011 2012 May 2012 2013 May 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 10.3 6.8 9.9 11.1 10.0 9.1 8.9 7.2 7.4 9.6 8.9 8.7 12.4 19.1 13.7 11.1 12.1 12.2
Gross profit 2.8 1.7 3.1 3.1 2.8 1.9 1.7 0.8 0.8 1.5 0.9 1.1 3.2 5.8 2.2 1.5 1.9 1.3
EBITDA 2.8 1.7 3.1 3.1 2.8 2.1 2.0 1.0 1.1 1.8 −0.2 1.3 3.3 5.7 2.3 1.6 1.9 1.0
Operating income 2.4 1.3 2.7 2.6 2.2 1.3 1.3 0.3 0.5 0.9 −1.1 0.4 2.5 4.8 1.3 0.6 0.8 −0.2
Net income 2.4 0.8 2.5 1.9 1.9 1.0 1.0 0.3 −0.1 0.5 −1.1 0.7 1.6 3.6 1.2 0.2 0.5 −0.6
Diluted EPS $5.27 $1.85 $5.62 $4.42 $4.42 $2.68 $2.78 $0.85 −$0.31 $1.22 −$2.78 $1.75 $4.27 $10.06 $3.50 $0.55 $1.70 −$2.00
Growth (year on year)
Revenue — −34.4% +47.0% +11.8% −10.2% −9.2% −1.8% −19.5% +3.4% +29.4% −7.1% −2.5% +42.3% +54.8% −28.4% −18.8% +8.4% +8.8%
EBITDA — −37.9% +81.3% +0.2% −9.8% −26.7% −2.1% −49.0% +9.8% +60.2% −111.7% — +160.3% +74.3% −59.8% −28.4% +13.6% −46.0%
Operating income — −47.1% +109.6% −2.0% −15.4% −40.6% −2.5% −75.1% +46.0% +99.3% −217.9% — +497.8% +93.9% −72.0% −53.6% +32.2% −121.3%
Net income — −64.8% +204.0% −23.2% −2.1% −45.5% −2.7% −70.2% −136.0% — −327.1% — +144.8% +119.7% −67.5% −85.0% — −167.9%
Diluted EPS — −64.9% +203.8% −21.4% 0.0% −39.4% +3.7% −69.4% −136.5% — −327.9% — +144.0% +135.6% −65.2% −84.3% — −168.0%
Margins
Gross margin 26.9% 25.1% 31.4% 27.8% 27.7% 21.3% 19.3% 11.3% 11.4% 15.6% 10.1% 12.3% 25.9% 30.1% 16.1% 13.6% 15.8% 11.0%
EBITDA margin 26.8% 25.4% 31.3% 28.1% 28.2% 22.8% 22.7% 14.4% 15.3% 18.9% −2.4% 14.5% 26.6% 29.9% 16.8% 14.8% 15.5% 8.0%
Operating margin 23.3% 18.8% 26.8% 23.5% 22.2% 14.5% 14.4% 4.5% 6.3% 9.7% −12.3% 4.8% 20.0% 25.0% 9.8% 5.6% 6.8% −1.4%
Net margin 22.8% 12.2% 25.3% 17.4% 18.9% 11.4% 11.2% 4.2% −1.4% 4.9% −12.0% 7.7% 13.2% 18.7% 8.5% 1.6% 4.5% −5.2%
Free-cash-flow margin 4.5% 6.6% 11.7% 9.6% 3.0% 13.2% 11.7% 5.8% 1.6% 4.7% −2.0% 4.7% 7.3% 14.1% 7.3% 0.4% −4.4% −7.7%
Cash flow
Cash from operations 1.2 1.4 2.4 2.7 1.9 2.1 2.0 1.3 0.9 1.4 1.1 1.6 2.2 3.9 2.4 1.3 0.8 0.4
Capital spending 0.8 0.9 1.3 1.6 1.6 0.9 1.0 0.8 0.8 1.0 1.3 1.2 1.3 1.2 1.4 1.3 1.4 1.4
Free cash flow 0.5 0.4 1.2 1.1 0.3 1.2 1.0 0.4 0.1 0.5 −0.2 0.4 0.9 2.7 1.0 0.0 −0.5 −0.9
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay 0.4 0.4 1.1 1.0 0.3 1.1 1.0 0.4 0.1 0.4 −0.2 0.4 0.9 2.7 1.0 0.0 −0.6 −1.0
Balance sheet
Cash — — — — — 2.4 1.3 0.7 2.2 0.8 0.5 0.6 0.8 0.7 0.3 0.3 0.3 0.3
Total debt 0.0 1.3 0.8 — — 3.8 3.9 3.8 5.2 4.5 4.6 4.6 4.3 3.6 3.8 4.2 5.1 5.9
Net debt (negative = net cash) — — — — — 1.5 2.6 3.1 3.1 3.7 4.1 4.0 3.5 2.9 3.4 4.0 4.8 5.6
Diluted shares 446m 447m 448m 437m 427m 376m 360m 352m 351m 386m 384m 381m 382m 356m 333m 321m 319m 318m
Returned to shareholders
Dividends 0.1 0.7 0.1 0.1 0.4 0.4 0.4 0.4 0.2 0.0 0.1 0.1 0.1 0.2 0.4 0.3 0.3 0.3
Buybacks — 0.0 0.0 1.2 0.0 2.8 0.7 0.1 0.0 0.0 0.1 0.0 0.4 1.7 0.8 0.2 0.0 —
Total returned 0.1 0.7 0.1 1.3 0.4 3.1 1.1 0.5 0.2 0.0 0.2 0.1 0.5 1.9 1.1 0.5 0.3 0.3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 5 checks passed · June 30, 2026
What it owns · $24.6bn
Short-term assets $5.4bnLonger-term assets $19.2bn
What it owes, and who funded it · $15.5bn
Short-term liabilities $4.1bnShareholders' equity $11.5bn
  • Short-term assets cover short-term liabilities $5.4bn of assets due within a year against $4.1bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $294m of cash against $4.8bn of debt.
  • Debt below 40% of shareholders' equity Debt is 42% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 32% to 42% over five years.
  • A year's operating cash flow covers at least 20% of debt $444m of operating cash flow against $4.8bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From The Mosaic Company's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$0
Dividends (TTM)
$280M
Returned to shareholders
-52%
of free cash flow
Buybacks, last 3 fiscal years
$991M
Diluted share count
−0.1%
year over year
Total shareholder yield
4.6%
dividends 4.6% + buybacks 0.0% of market value
Sales & admin spending
4.2%
of revenue

Competitors: side by side with peers

Closest by revenue in fertilizers & agricultural chemicals
Last 12 months unless stated MOS CTVA CF ICL NTR SMG Median
Revenue, last 12 months $12.2bn $17.8bn $7.7bn $7.2bn $26.9bn $3.5bn $3.5bn
Revenue growth, last 12 months 8.8% 3.7% 20.0% 4.6% 3.5% 4.6% 3.7%
Revenue growth, 3-year average −10.0% 0.5% −3.9% — — −1.7% −4.2%
Revenue growth, latest quarter −6.0% −1.2% 17.6% — — 1.1% −1.2%
Gross margin 11.0% 49.5% 42.5% 30.6% 31.0% 31.8% 31.0%
Operating margin −1.4% — 41.1% 8.1% 13.9% 11.0% 3.4%
Operating margin, 3-year average 4.2% — 32.7% 12.4% 11.9% 6.8% 6.8%
Net margin −5.2% 5.7% 27.1% 3.2% 8.4% 2.1% 2.1%
Cash from operations / revenue 3.6% 6.8% 38.5% 14.8% 14.9% 10.6% 14.8%
Free-cash-flow margin −7.7% 3.5% 24.7% 4.6% 7.4% 7.6% 7.4%
Free-cash-flow margin, 3-year average −1.3% 9.2% 26.0% 7.0% 9.1% 14.4% 9.1%
Stock pay / revenue 0.3% 0.5% 0.6% 0.2% 0.6% 1.4% 0.6%
Change in share count −0.1% −1.9% −8.6% 0.1% −1.6% 3.2% 0.1%

Median of all 11 companies we cover in fertilizers & agricultural chemicals. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

11 fertilizers & agricultural chemicals companies
Measure Company Peer median Rank
Revenue growth Growth 8.8% 3.7% 3 of 11
Change in growth rate Growth -3.5pp -0.8pp 10 of 11
Gross margin Profitability 11.0% 31.0% 10 of 11
Operating margin Profitability -1.4% 8.1% 6 of 9
Net margin Profitability -5.2% 2.1% 7 of 11
Free-cash-flow margin Cash generation -7.7% 7.4% 9 of 11
Stock pay as % of revenue Cash generation 0.3% 0.6% 2 of 9
Long-term debt as % of assets Balance sheet 19.3% 21.3% 5 of 11
Change in share count Balance sheet -0.1% 0.1% 4 of 11

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Mosaic Fertilizantes $4.8B 40.2% ▲ 9.6%
Phosphates $3.9B 32.2% ▲ 2.2%
Potash $2.7B 22.1% ▲ 12.1%
Corporate Eliminations and Other $669M 5.5% ▲ 24.7%

From The Mosaic Company's 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$6.4B
Institutions reporting
659
Shares held vs prior quarter
▲ 7.3%
Positions opened / closed
89 / 124

Top buyers and sellers, Q2 2026: 366 institutions bought and 334 sold ; the biggest buyer was AQR Capital Management LLC (+7.4M shares) and the biggest seller FMR LLC (−15.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $524M 24.8M 8.2% ▲ 4.7%
Vanguard Capital Management LLC $440M 20.7M 6.9% ▲ 0.5%
AQR Capital Management LLC $388M 18.3M 6.0% ▲ 67.4%
State Street Corp $319M 15.0M 5.0% ▲ 12.2%
Invesco Ltd. $316M 14.9M 4.9% ▲ 32.6%
Vanguard Portfolio Management LLC $313M 14.8M 4.9% ▼ 3.6%
Dimensional Fund Advisors LP $305M 14.4M 4.8% ▲ 1.2%
FMR LLC $280M 13.2M 4.4% ▼ 54.6%
Geode Capital Management, LLC $189M 8.9M 2.9% ▲ 1.9%
Donald Smith & Co., Inc. $164M 7.7M 2.6% ▲ 67.3%
Millennium Management LLC $140M 6.6M 2.2% ▲ 2767.2%
Morgan Stanley $109M 5.2M 1.7% ▲ 5.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not The Mosaic Company's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $17,488 1 trade by 1 insider, last 12 months Insider sales History → $508,760 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $491,272 net selling
Insider Date Trade Shares Price Value
Precourt Walter F. Iii SVP - Chief Admin Officer August 19, 2026 Sell 23,000 $22.12 $508,760
Kuzenko Jody Lynne Director November 11, 2025 Buy 685 $25.53 $17,488

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 34 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 1 sale of The Mosaic Company shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (partial), $1,001 - $15,000, traded April 14, 2026, filed May 8, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded January 9, 2026, filed February 13, 2026
  • Val T. Hoyle(D-OR 4):Sale (full), $1,001 - $15,000, traded September 23, 2025, filed October 10, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 10, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 11, 2026
  • February 24, 2026
  • November 4, 2025
  • August 5, 2025
  • February 27, 2025

Recent SEC filings

Data status

When each part of this page on The Mosaic Company was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

The Mosaic Company in brief

What does The Mosaic Company do?
The Mosaic Company is a US-listed company in the fertilizers & agricultural chemicals industry. Its financial year ends in December.
What is The Mosaic Company's stock ticker?
The Mosaic Company trades under the ticker MOS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is The Mosaic Company's revenue, and how fast is it growing?
Over its most recent trailing twelve months, The Mosaic Company reported revenue of $12.2B, 8.8% higher than a year earlier, according to its SEC filings.
What is The Mosaic Company's free cash flow?
The Mosaic Company's free-cash-flow margin is -7.7% of revenue over the trailing twelve months, ranking 9 of the 11 fertilizers & agricultural chemicals companies we cover.
Who are The Mosaic Company's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and AQR Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is The Mosaic Company buying back stock, and does it pay a dividend?
The Mosaic Company spent $0 on share repurchases over the trailing twelve months, and its diluted share count fell 0.1% over the year.
What is The Mosaic Company's market cap?
On November 2, 2026, The Mosaic Company's market capitalisation was about $6.1B and net debt of $5.6B. Market figures come from third-party market data and may be delayed.
Does The Mosaic Company pay a dividend?
Yes: The Mosaic Company paid $280M in dividends over the trailing twelve months, a dividend yield of 4.63%.
How much debt does The Mosaic Company have?
The Mosaic Company's debt-to-equity ratio is 41.6%, from its latest balance sheet (31.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are The Mosaic Company's competitors?
In our Fertilizers & Agricultural Chemicals peer group, the companies closest to The Mosaic Company are Corteva, Inc., CF Industries, ICL Group Ltd., Nutrien Ltd. and Scotts Miracle-gro Co. The side-by-side comparison below sets their revenue, margins and growth against The Mosaic Company's.
Are insiders buying or selling The Mosaic Company stock?
Over the last 12 months, The Mosaic Company's directors and officers reported 1 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is The Mosaic Company's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — The Mosaic Company announces its own schedule.