MOS

MKT CAP:$8B

The Mosaic Company

Market Cap

$8B

Basic Materials·Agricultural Inputs·🇺🇸 United States·NYSE

Materials·Agricultural·🇺🇸·NYSE

Stock Price

$24.00-$1.02 (-4.08%)

Apr 24, 2026

Company Details

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizan...

CEO

Bruce Bodine Jr.

IPO Date

Jan 26, 1988

Website

www.mosaicco.com

Key Metrics TTM

Revenue

$11.1B

-27.8% YoY

Net Income

$175M

EPS (Diluted)

$0.55

Free Cash Flow

$47M

Revenue / Share

$34.92

Gross Margin

13.6%

Operating Margin

5.6%

Net Margin

1.6%

FCF Margin

0.4%

P/S

0.7x

P/E

43.5x

Earnings Reports

Q1 2025

May 5, 2026

PENDING

Q4 2024

Mar 3, 2025

$2.8BEPS $0.53

Q3 2024

Nov 12, 2024

$2.8BEPS $0.38

Q2 2024

Aug 7, 2024

$2.8B-17.0%EPS -$0.50

Q1 2024

May 2, 2024

$2.7B-25.7%EPS $0.14

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 17	$1.8B	$192M	$95M
Q4 17	$2.1B	$280M	$127M
Q2 18	$2.2B	$295M	$196M
Q4 18	$2.5B	$466M	$258M
Q1 20	$1.8B	$41M	-$66M
Q4 20	$2.5B	$411M	$295M
Q2 21	$2.8B	$752M	$484M
Q3 21	$3.4B	$865M	$702M
Q1 22	$3.9B	$1.4B	$1.3B
Q4 22	$4.5B	$968M	$701M
Q1 23	$3.6B	$670M	$545M
Q2 23	$3.4B	$571M	$369M
Q1 24	$2.7B	$399M	$173M
Q2 24	$2.8B	$394M	$233M
Q3 24	$2.8B	$417M	$115M
Q4 24	$2.8B	$302M	$100M

Valuation

Quarter	P/S	P/E
Q2 17	—	—
Q4 17	1.0x	—
Q2 18	1.0x	—
Q4 18	0.9x	—
Q1 20	0.9x	—
Q4 20	0.8x	9.5x
Q2 21	0.8x	6.5x
Q3 21	0.7x	5.3x
Q1 22	0.6x	2.7x
Q4 22	0.5x	3.0x
Q1 23	0.5x	3.0x
Q2 23	0.5x	3.0x
Q1 24	0.5x	5.5x
Q2 24	0.6x	11.1x
Q3 24	0.7x	20.3x
Q4 24	0.7x	43.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 17	$243M	$74M
Q4 17	$411M	$181M
Q2 18	$807M	$606M
Q4 18	$150M	-$139M
Q1 20	$190M	-$74M
Q4 20	$238M	-$146M
Q2 21	$1.0B	$718M
Q3 21	$423M	$83M
Q1 22	$506M	$216M
Q4 22	$956M	$615M
Q1 23	$149M	-$173M
Q2 23	$1.1B	$762M
Q1 24	-$80M	-$463M
Q2 24	$847M	$513M
Q3 24	$313M	$72M
Q4 24	$219M	-$75M

Capital Expenditures

Quarter	CapEx
Q2 17	$169M
Q4 17	$230M
Q2 18	$201M
Q4 18	$289M
Q1 20	$264M
Q4 20	$385M
Q2 21	$297M
Q3 21	$340M
Q1 22	$291M
Q4 22	$341M
Q1 23	$322M
Q2 23	$310M
Q1 24	$383M
Q2 24	$334M
Q3 24	$241M
Q4 24	$294M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 18	+31.7%	+33.0%
Q4 18	+29.1%	+20.2%
Q1 20	+2.5%	+12.3%
Q4 20	+17.5%	+10.1%
Q2 21	+27.0%	+15.3%
Q3 21	+35.6%	+20.1%
Q1 22	+118.1%	+43.0%
Q4 22	+82.4%	+74.8%
Q1 23	+28.7%	+32.1%
Q2 23	-0.7%	+11.3%
Q1 24	-31.7%	-6.0%
Q2 24	-37.1%	-31.7%
Q3 24	-22.0%	-11.9%
Q4 24	-17.0%	-10.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 17	$5M	0.3%
Q4 17	$4M	0.2%
Q2 18	$7M	0.3%
Q4 18	$2M	0.1%
Q1 20	-$10M	-0.6%
Q4 20	$13M	0.5%
Q2 21	$4M	0.2%
Q3 21	$5M	0.1%
Q1 22	$16M	0.4%
Q4 22	$6M	0.1%
Q1 23	$12M	0.3%
Q2 23	$9M	0.3%
Q1 24	$9M	0.3%
Q2 24	$12M	0.4%
Q3 24	-$21M	-0.8%
Q4 24	$5M	0.2%

OpEx Breakdown

Quarter	G&A	SG&A
Q2 17	$71M	—
Q4 17	$83M	—
Q2 18	$79M	—
Q4 18	$90M	—
Q1 20	—	$68M
Q4 20	—	$111M
Q2 21	—	$108M
Q3 21	—	$98M
Q1 22	—	$132M
Q4 22	—	$133M
Q1 23	—	$128M
Q2 23	—	$130M
Q1 24	—	$107M
Q2 24	—	$128M
Q3 24	—	$148M
Q4 24	—	$114M

Revenue Segments

Quarter	Mosaic Fertilizantes	Phosphates Segment	Potash Segment
Q4 18	$969M	$926M	$592M
Q1 20	$731M	$619M	$442M
Q4 20	$823M	$990M	$559M
Q2 21	$1.0B	$1.2B	$663M
Q1 22	$1.5B	$1.5B	$1.1B
Q4 22	$1.9B	$1.3B	$1.1B
Q1 23	$1.3B	$1.4B	$907M
Q2 23	$1.4B	$1.3B	$849M
Q1 24	$886M	$1.2B	$643M
Q2 24	$1.0B	$1.2B	$663M
Q3 24	$1.4B	$1.0B	$526M
Q4 24	$1.1B	$1.2B	$557M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$882M	$0	$882M
Q2 22	$839M	$0	$839M
Q3 22	$703M	$0	$703M
Q4 22	$735M	$0	$735M
Q1 23	$465M	$0	$465M
Q2 23	$626M	$0	$626M
Q3 23	$591M	$0	$591M
Q4 23	$349M	$0	$349M
Q1 24	$339M	$0	$339M
Q2 24	$322M	$0	$322M
Q3 24	$302M	$0	$302M
Q4 24	$273M	$0	$273M
Q1 25	$259M	$0	$259M
Q2 25	$286M	$0	$286M
Q3 25	$153M	$0	$153M
Q4 25	$277M	$0	$277M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 17	352M	+0.1%	—
Q4 17	351M	-0.3%	—
Q2 18	387M	+10.3%	+9.6%
Q4 18	388M	+0.1%	+10.3%
Q1 20	379M	-2.3%	+7.6%
Q4 20	382M	+0.9%	+8.9%
Q2 21	383M	+0.3%	-1.0%
Q3 21	383M	-0.0%	-1.1%
Q1 22	370M	-3.4%	-2.3%
Q4 22	344M	-7.1%	-10.1%
Q1 23	339M	-1.5%	-11.6%
Q2 23	334M	-1.5%	-12.9%
Q1 24	324M	-3.1%	-12.6%
Q2 24	321M	-0.7%	-6.6%
Q3 24	319M	-0.6%	-5.7%
Q4 24	319M	-0.3%	-4.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 17	$201.7K	9K
Q4 17	$246.1K	9K
Q2 18	$259.4K	9K
Q4 18	$195.4K	13K
Q1 20	$142.7K	13K
Q4 20	$194.8K	13K
Q2 21	$222.0K	13K
Q3 21	$271.0K	13K
Q1 22	$313.2K	13K
Q4 22	$330.2K	14K
Q1 23	$265.6K	14K
Q2 23	$250.1K	14K
Q1 24	$190.7K	14K
Q2 24	$200.5K	14K
Q3 24	$200.1K	14K
Q4 24	$204.6K	14K

Revenue / Employee