The Mosaic Company (MOS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.14	$0.13	-7.1%	—	—	—
Q4 26	$0.22	$0.05	-77.3%	—	—	—
Q3 26	$0.47	$0.22	-53.2%	—	—	—
Q2 26	$0.95	$1.04	+9.5%	—	—	—
Q1 26	$0.72	$0.51	-29.2%	—	—	—
Q4 25	$0.45	$0.49	+8.9%	—	—	—
Q3 25	$0.57	$0.45	-21.1%	—	—	—
Q2 25	$0.52	$0.34	-34.6%	—	—	—
Q1 25	$0.66	$0.54	-18.2%	—	—	—
Q4 24	$0.66	$0.65	-1.5%	—	—	—
Q3 24	$0.86	$0.71	-17.4%	—	—	—
Q2 24	$0.75	$0.68	-9.3%	—	—	—
Q1 24	$1.12	$1.04	-7.1%	—	—	—
Q4 23	$1.29	$1.14	-11.6%	—	—	—
Q3 23	$2.26	$1.74	-23.0%	—	—	—
Q2 23	$3.4	$3.22	-5.3%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.7	—	—	$12.1B	—
FY24	—	$0.55	—	—	$11.1B	—
FY23	—	$3.52	—	—	$13.7B	—
FY22	—	$10.6	—	—	$19.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$7.2B	$7.4B	$9.6B	$8.9B	$8.7B	$12.4B	$19.1B	$13.7B	$11.1B	$12.1B
YoY change	-19.5%	+3.44%	+29.4%	-7.1%	-2.52%	+42.3%	+54.8%	-28.4%	-18.8%	+8.36%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	7.2B	7.4B	9.6B	8.9B	8.7B	12.4B	19.1B	13.7B	11.1B	12.1B
Cost of revenue	6.4B	6.6B	8.1B	8B	7.6B	9.2B	13.4B	11.5B	9.6B	10.2B
Gross profit	810M	842.8M	1.5B	897.3M	1.1B	3.2B	5.8B	2.2B	1.5B	1.9B
Gross margin	11.3%	11.4%	15.6%	10.1%	12.3%	25.9%	30.1%	16.1%	13.6%	15.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	304.2M	301.3M	341.1M	354.1M	371.5M	430.5M	498M	500.5M	496.9M	533.9M
Operating expenses	491M	377.1M	570.1M	530.1M	652M	573.7M	970.5M	872.5M	890.4M	823.2M
Operating income	319M	465.7M	928.3M	367.2M	412.9M	2.6B	4.8B	1.3B	621.5M	1.1B
Operating margin	4.45%	6.29%	9.68%	4.12%	4.76%	21.3%	25%	9.77%	5.59%	8.95%
Non-operating income, net	35.8M	46.4M	-210.7M	-1.4B	-51.4M	-232.7M	-5M	117.2M	-123.3M	321.9M
Pretax income	242.4M	374M	551.5M	-1.3B	180.9M	2.2B	4.6B	1.3B	315.4M	1.2B
Income tax	-74.2M	494.9M	77.1M	-224.7M	-578.5M	597.7M	1.2B	177M	186.7M	639.8M
Net income	301.2M	-104.2M	469.9M	-1.1B	665.6M	1.6B	3.6B	1.2B	202M	575.4M
Net margin	4.21%	-1.41%	4.9%	-12.2%	7.67%	13.2%	18.9%	8.83%	1.82%	4.77%
EBITDA	1.1B	1.2B	1.8B	1.3B	1.3B	3.5B	5.6B	2.3B	2.3B	2.5B
EPS	0.85	-0.31	1.22	-2.78	1.76	4.31	10.6	3.52	0.55	1.7
Diluted EPS	0.85	-0.31	1.22	-2.78	1.75	4.27	10.1	3.5	0.55	1.7

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.5B	3.1B	2.7B	2.8B	2.8B	2.8B	2.6B	3B	3.5B	3B	3B	2.8B
Cost of revenue	3.1B	2.6B	2.3B	2.4B	2.4B	2.5B	2.1B	2.5B	2.9B	2.6B	2.8B	2.6B
Gross profit	409.6M	559.5M	399.2M	394M	416.8M	301.9M	488.4M	518.6M	552.3M	342.6M	235.6M	214.7M
Gross margin	11.5%	17.8%	14.9%	14%	14.8%	10.7%	18.6%	17.3%	16%	11.5%	7.86%	7.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	119.9M	123M	106.8M	128.4M	148.2M	113.5M	122.6M	167.2M	125.5M	118.6M	135.9M	131.6M
Operating expenses	263.8M	281M	226.3M	160.7M	301.4M	202M	149.9M	274.2M	212.5M	186.6M	375.9M	244M
Operating income	145.8M	278.5M	172.9M	233.3M	115.4M	99.9M	338.5M	244.4M	339.8M	156M	-140.3M	-29.3M
Operating margin	4.11%	8.84%	6.45%	8.28%	4.11%	3.55%	12.9%	8.13%	9.84%	5.25%	-4.68%	-1.04%
Non-operating income, net	-147M	80.3M	-99.7M	-261.3M	100.5M	137.2M	15M	372.9M	305.1M	-371.1M	-90.3M	-208.8M
Pretax income	-18.6M	323.9M	25.2M	-74.4M	174.2M	190.4M	312.8M	564.3M	599.3M	-263.5M	-285.9M	-300.9M
Income tax	-5.9M	-43.8M	6.2M	98.7M	48M	33.8M	63.3M	146M	175.5M	255M	-31M	-33.8M
Net income	3.1M	368M	56.5M	-150.9M	130.7M	165.7M	250M	419.7M	424.1M	-518.4M	-254.5M	-265.5M
Net margin	0.09%	11.7%	2.11%	-5.36%	4.65%	5.88%	9.54%	14%	12.3%	-17.4%	-8.49%	-9.4%
EBITDA	357.3M	541.8M	424.8M	519.1M	361.8M	951M	474.9M	722.7M	936.8M	355.3M	291M	114.2M
EPS	-0.01	1.12	0.14	-0.5	0.38	0.53	0.75	1.29	1.3	-1.64	-0.81	-0.86
Diluted EPS	-0.01	1.11	0.14	-0.5	0.38	0.53	0.75	1.29	1.29	-1.64	-0.81	-0.86

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	10.3B	9B	11.2B	8.3B	8.7B	14.9B	—	11.8B	7.9B	7.6B	7.1B
Enterprise value	13.4B	12.1B	14.9B	12.6B	12.9B	18.5B	—	15.5B	12B	12.6B	13.3B
Shares outstanding	350.4M	350.9M	384.8M	383.8M	379M	378.1M	339.1M	331.3M	319.8M	317.4M	317.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	34.1	—	23.9	—	13.1	9.09	—	9.79	38.9	13.3	156.1
P/S	1.43	1.22	1.17	0.93	1	1.2	—	0.86	0.71	0.63	0.58
P/B	1.07	0.93	1.06	0.89	0.89	1.38	—	0.95	0.68	0.62	0.62
EV/EBITDA	12.7	10.4	8.1	9.81	9.87	5.33	—	6.79	5.33	5.08	7.72
EV/Sales	1.87	1.63	1.56	1.41	1.49	1.5	—	1.13	1.08	1.05	1.08
Earnings yield	2.93%	—	4.18%	—	7.63%	11%	—	10.2%	2.57%	7.53%	0.64%
FCF yield	4.06%	1.28%	4.05%	-2.13%	4.72%	6.05%	—	8.49%	0.6%	-6.99%	-10.6%
PEG	—	—	—	—	—	—	—	—	—	—	-0.94

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	11.3%	11.4%	15.6%	10.1%	12.3%	25.9%	30.1%	16.1%	13.6%	15.8%	7.6%
Operating margin	4.45%	6.29%	9.68%	4.12%	4.76%	21.3%	25%	9.77%	5.59%	8.95%	-0.12%
Net margin	4.21%	-1.41%	4.9%	-12.2%	7.67%	13.2%	18.9%	8.83%	1.82%	4.77%	-5.21%
ROE	3.13%	-1.08%	4.43%	-11.6%	6.82%	15.2%	29.6%	9.73%	1.74%	4.7%	-5.07%
ROA	1.79%	-0.56%	2.34%	-5.65%	3.36%	7.42%	15.5%	5.25%	0.88%	2.35%	1.24%
ROIC	2.5%	0%	5.59%	2.69%	2.96%	13.4%	23.1%	7.21%	1.61%	2.96%	1.87%
Return on tangible assets	2.22%	-0.68%	2.81%	-6.42%	3.82%	8.3%	17.1%	5.83%	0.97%	2.56%	-2.71%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.07	2.27	1.71	1.43	1.12	1.11	1.18	1.22	1.08	1.32	1.34
Quick ratio	1.13	1.51	0.79	0.63	0.57	0.54	0.54	0.57	0.47	0.47	0.43
Debt / equity	0.4	0.54	0.43	0.51	0.49	0.41	0.31	0.32	0.38	0.43	0.52
Debt / assets	0.23	0.28	0.23	0.25	0.24	0.2	0.16	0.17	0.19	0.22	0.25
Net debt / EBITDA	2.98	2.65	2	3.34	3.2	1.05	0.54	1.6	1.85	2.01	3.41
Interest coverage	2.72	3.18	3.56	-4.82	1.84	12.5	28.5	8.02	2.37	6.02	0.06
Effective tax rate	0%	100%	14%	0%	0%	26.9%	26.4%	13.3%	59.2%	52.7%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	20.4	21.1	24.9	23.2	22.9	32.7	56.4	41.3	34.8	38	38.6
EPS (basic)	0.85	-0.31	1.22	-2.78	1.76	4.31	10.6	3.52	0.55	1.7	1.7
EPS (diluted)	0.85	-0.31	1.22	-2.78	1.75	4.27	10.1	3.5	0.55	1.7	-2.02
Book value per share	27.5	27.5	27.6	24.4	25.7	28.4	36	37.5	36.3	38.5	36.1
FCF per share	1.19	0.33	1.18	-0.46	1.09	2.38	7.93	3.03	0.15	-1.68	-2.98
Cash per share	1.92	6.14	2.2	1.35	1.51	2.04	2.17	1.05	0.85	0.87	0.93
Capex per share	—	—	—	—	—	—	—	—	—	4.28	4.38

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	11.3%	11.4%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	164.8%	313.3%
Payout ratio	127.9%	-202.1%	8.19%	-6.16%	11.4%	6.34%	5.47%	29.1%	134%	48.7%	628.6%
Dividend yield	3.75%	2.34%	0.34%	0.81%	0.87%	0.7%	—	2.97%	3.44%	3.67%	3.96%

Yield

3.96%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.22

ex-dividend Sep 10, 2026

Payout ratio

629%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 10, 2026	$0.22
May 21, 2026	$0.22
Mar 9, 2026	$0.22

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.5B	$3.1B	$2.7B	$2.8B	$2.8B	$2.8B	$2.6B	$3B	$3.5B	$3B	$3B	$2.8B
YoY change	-33.7%	-29.7%	-25.7%	-17%	-20.8%	-10.6%	-2.18%	+6.71%	+22.8%	+5.6%	+14.4%	-6.04%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	673.1M	2.2B	847.7M	519.1M	574M	769.5M	735.4M	348.8M	272.8M	276.6M
Receivables	550.8M	563.6M	703.7M	649.3M	732.5M	1.3B	1.5B	1.1B	1B	970M
Inventory	1.4B	1.5B	2.3B	2.1B	1.7B	2.7B	3.5B	2.5B	2.5B	3.4B
Total current assets	3.1B	4.6B	4.2B	3.7B	3.5B	5.3B	6.6B	4.7B	4.5B	5.2B
Property, plant & equipment	6.9B	7.2B	9B	8.8B	28.7B	9.1B	9.3B	9.9B	9.7B	10.1B
Goodwill & intangibles	3.3B	3.4B	3.4B	2.3B	2.3B	2.3B	2.2B	2.3B	2.1B	2B
Total assets	16.8B	18.6B	20.1B	19.3B	19.8B	22B	23.4B	23B	22.9B	24.5B
Accounts payable	471.8M	540.9M	780.9M	680.4M	769.1M	1.3B	1.3B	1.2B	1.2B	1.2B
Short-term debt	38.9M	349.6M	37.5M	155.9M	568.3M	959.1M	1.3B	595.1M	936.3M	862.6M
Total current liabilities	1.5B	2B	2.5B	2.6B	3.1B	4.8B	5.5B	3.9B	4.2B	4B
Long-term debt	3.8B	4.9B	4.5B	4.7B	4.2B	3.4B	2.5B	3.4B	3.5B	4.4B
Total liabilities	7.2B	9B	9.5B	9.9B	10B	11.3B	11.2B	10.6B	11.3B	12.2B
Shareholders' equity	9.6B	9.6B	10.6B	9.4B	9.8B	10.7B	12.2B	12.4B	11.6B	12.2B
Total debt	3.8B	5.2B	4.5B	4.8B	4.8B	4.4B	3.8B	4B	4.4B	5.3B
Net debt	3.1B	3.1B	3.7B	4.3B	4.2B	3.6B	3.1B	3.6B	4.2B	5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	591M	348.8M	336.7M	322M	301.6M	272.8M	259.2M	286.2M	153.3M	276.6M	281.8M	294M
Receivables	1.2B	1.1B	1.2B	1.3B	1B	1B	1.1B	1.1B	1.1B	970M	1B	860.1M
Inventory	2.5B	2.5B	2.6B	2.6B	2.9B	2.5B	2.8B	3.1B	3.3B	3.4B	3.4B	3.7B
Total current assets	5.2B	4.7B	4.7B	4.8B	5B	4.5B	4.6B	5B	5.1B	5.2B	5.3B	5.4B
Property, plant & equipment	13.4B	9.9B	13.7B	13.5B	13.9B	9.7B	13.7B	14.2B	14.2B	10.1B	13.9B	13.8B
Goodwill & intangibles	2.2B	2.3B	2.2B	2.2B	2.2B	2.1B	2.1B	2.2B	2.2B	2B	2B	1.9B
Total assets	22.7B	23B	22.9B	22.6B	23.3B	22.9B	23.2B	24.3B	24.7B	24.5B	24.6B	24.6B
Accounts payable	835.9M	1.2B	850.4M	1.1B	1.2B	1.2B	936M	1.3B	1.2B	1.2B	1.1B	1.2B
Short-term debt	1.3B	595.1M	1.4B	1.1B	922.6M	936.3M	1.3B	1.1B	1.2B	862.6M	1.3B	1.2B
Total current liabilities	4.7B	3.9B	4B	4.1B	4.2B	4.2B	4.1B	4.4B	4.4B	4B	4.3B	4.1B
Long-term debt	2.6B	3.4B	3.4B	3.4B	3.4B	3.5B	3.5B	3.5B	3.6B	4.4B	4.5B	4.9B
Total liabilities	10.4B	10.6B	10.7B	10.7B	11.3B	11.3B	11.2B	11.7B	11.7B	12.2B	12.6B	13B
Shareholders' equity	12.2B	12.4B	12.2B	11.8B	12B	11.6B	11.9B	12.6B	12.9B	12.2B	12B	11.6B
Total debt	3.9B	4B	4.8B	4.4B	4.3B	4.4B	4.8B	4.6B	4.8B	5.3B	5.8B	6.1B
Net debt	3.3B	3.6B	4.4B	4.1B	4B	4.2B	4.6B	4.3B	4.7B	5B	5.5B	5.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	301.2M	-104.2M	469.9M	-1.1B	665.6M	1.6B	3.6B	1.2B	202M	575.4M
Depreciation & amortization	711.2M	665.5M	883.9M	882.7M	847.6M	812.9M	933.9M	960.6M	1B	1B
Stock-based compensation	30.5M	28M	27.5M	27.9M	17.8M	29.5M	27.9M	33M	31.8M	30.7M
Change in working capital	598.1M	-231.8M	-322.6M	85.3M	283.3M	-1.6B	-1.2B	1.5B	-75.3M	-601.7M
Operating cash flow	1.5B	1B	975.8M	587.1M	1.2B	1.2B	3.8B	3.6B	1.3B	824.8M
Capital expenditure	—	—	—	—	—	—	—	—	—	-1.4B
Investing cash flow	-1.7B	152.3M	-990.2M	-88.7M	-18.9M	-36.1M	-12.3M	85.2M	-9.2M	-1.3B
Dividends paid	-385.1M	-210.6M	-38.5M	-67.2M	-75.8M	-103.7M	-197.7M	-351.6M	-270.7M	-280.4M
Share repurchases	-75M	0	0	-149.9M	0	-410.9M	-1.7B	-756M	-235.4M	0
Financing cash flow	-1.3B	599.4M	-869.2M	-636.4M	-1.8B	-1.4B	-4.4B	-11.3B	-16.9B	-16B
Net change in cash	-1.4B	1.8B	-883.6M	-138M	-607.1M	-255.4M	-607.6M	-7.7B	-15.7B	-16.5B
Free cash flow	417.1M	115.4M	455.3M	-176.8M	412M	898.4M	2.7B	1B	47.4M	-534.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	3.1M	368M	56.5M	-150.9M	130.7M	165.7M	250M	419.7M	424.1M	-518.4M	-254.5M	-265.5M
Depreciation & amortization	238.7M	257.7M	241.1M	264.4M	237.9M	282.1M	243M	261.7M	277M	268.2M	316.6M	292.1M
Stock-based compensation	6M	6M	9.3M	11.9M	5.5M	5.1M	9.3M	8.4M	6.5M	6.5M	10.3M	7.8M
Change in working capital	390.2M	277.9M	14.2M	-245.8M	-36.1M	192.4M	-59.6M	-221.2M	-132M	-171.9M	-5M	-192.3M
Operating cash flow	645.9M	685.6M	292.7M	69.7M	368.8M	529.4M	475.3M	609.5M	228.5M	-56.1M	104.2M	167.4M
Capital expenditure	—	—	—	—	—	—	—	-304.6M	-364.4M	-349.6M	-356.8M	-320.3M
Investing cash flow	-10.4M	-3.3M	-4.8M	-15.1M	-6.9M	17.6M	—	-304.6M	-362.9M	-287.3M	-369M	-298.1M
Dividends paid	-66.4M	-65.1M	-69.7M	-67.7M	-66.8M	-66.5M	-70.9M	-70.1M	-69.5M	-69.9M	-70.8M	-69.9M
Share repurchases	-150M	-150M	-108.4M	-52M	-50M	-25M	0	0	0	0	—	—
Financing cash flow	-1.7B	-4.4B	-4.1B	-4.1B	-4.4B	-4.4B	-3.3B	-3.7B	-4.3B	-4.6B	-2.9B	-3.4B
Net change in cash	-1.1B	-3.7B	-3.9B	-4B	-4B	-3.8B	-2.9B	-3.4B	-4.5B	-5B	-3.2B	-3.6B
Free cash flow	235.7M	179.2M	-463M	513.1M	72.1M	-74.8M	-297.9M	304.9M	-135.9M	-405.7M	-252.6M	-152.9M

The Mosaic Company Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history