The Mosaic Company

Agricultural Chemicals

MOSStrained7 of 11 basics passed

$18.79

-4.76%

Market cap $5.97B

$18.79

-4.76%

Market cap $5.97B

Mosaic is one of the largest phosphate and potash producers in the world. The company's assets include phosphate rock mines in the US and potash mines in Canada.

It is a $5.97B materials company. Revenue grew 8.8% over the last year, it currently loses money, and it carries $4.02B of net debt.

Website: mosaicco.com
Location: Tampa, FL
Employees: 13 249
Sector: Basic Materials

Share price · 3 years

$36.48 → $18.79-48.5%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $12.2B
Loss: spends more than it earns; -$639M
Free cash flow: cash left after running the business; -$947M
Net debt: debt minus cash on hand; $4.02B
P/E: years of profit in the price; 11.0
Dividend: pays out 23% of profit; 4.70%
Shares: down 9% since 2016 — buybacks; 318.9M
Volatility: beta vs the market — under 1 swings less; 0.84

Revenue, last 10 years

52-week range

Low $18.74$18.79High $31.36

Today's price is 0% of the way from the year's low to its high.

Valuation vs own history

P/E

158.3×

P/S

0.5×

100%

EV/EBITDA

45.3×

P/B

0.5×

100%

FCF yield

0.0%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Insider activity · 90 days

-$509Knet selling

Purchases$0

Sales$509K

Insiders trading, last 14d0 buy · 0 sell

Standing in Basic Materials

Size$5.97Btop 90%
Revenue growth-14%top 92%
Net margin-5%top 90%
Return on equity-5%top 86%
P/E11.0×top 25%
Dividend yield4.70%top 16%

Ranked against 51 Basic Materials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation, Growth, Profitability, Health and Moat lag behind.

Valuation45

P/E vs own history96th pct · 0/25
FCF yield-15.9% · 0/25
P/S0.5x · 25/25
EV/EBITDA11.7x · 20/25

Growth0

Revenue CAGR-0.6% · 0/25
Net income CAGR-24.1% · 0/25
EPS CAGR ~5Y-0.6% · 0/25
Fwd implied growth-47.7% · 0/25

Profitability5

ROIC3.4% · 5/25
ROE-5.3% · 0/25
Net margin-5.2% · 0/25
Operating margin-1.4% · 0/25

Health27

Altman Zn/a · 0/25
Current ratio1.34 · 12/25
Interest coverage2.0x · 3/25
Net cash / debtD/A 16% · 12/25

Quality62

Piotroski F8/9 · 25/25
Beneish M-2.56 · 25/25
FCF conversionn/a · 0/25
Margin stabilityσ 10.9% · 12/25

Moat18

ROIC >12% years2/10 yrs · 0/25
Median gross margin14.7% · 0/25
FCF-positive years8/10 yrs · 18/25
Worst-year net marginworst -12.0% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2022Financial
Best year on record
$3.58B net income
FY2021Financial
Revenue crossed $10B
$12.4B for the year
FY2016Financial
First recorded profitable year
$298M net income
FY2016Financial
Revenue already above $1B
$7.16B in first reported year

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$5 865 today — price return only

$12.1B revenue in FY2025

Revenue up 8.8% year over year

Profitable 6 years in a row

13 249 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Piotroski F-Score 8/9 — fundamentally strong checklist

Watch-outs

Not profitable — 5.2% net margin
Negative free cash flow (-$947.1M)
Thin interest coverage (2.0×)
Loss-making in 2 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

7 of 11 checks passed

Revenue growing — the company sells more than a year ago+8.8% YoY
Profitable — makes more than it spends-$639M TTM
Profit growing — earnings are higher than last year-44.8% YoY
Generates cash — cash left after running and investing-$947M TTM
Debt under control — could handle its obligationscurrent ratio 1.34
Established company — not a micro-cap — lower blow-up risk$5.97B market cap
Not printing shares — share count not ballooning — you keep your slice-16.4% shares over ~5y
Proven track record — years of profitability behind it8/10 profitable years
Financially stable — balance sheet not near distresshealth score 15/100
Pays a dividend — returns cash to shareholdersyield 4.70%
Valuation not extreme — price not wildly above earningsP/E 11.0

Peer comparisonThe Mosaic Company vs 6 largest basic materials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
MOS this company	$6.0B	11.0	+8.8%	-5.2%	Strained
LIN Linde plc Ordinary Share	$223.2B	30.8	+6.6%	20.4%	Solid
SCCO Southern Copper Corporation	$176.8B	31.2	+32.8%	35.9%	Strong
NEM Newmont Corporation	$124.2B	14.4	+25.2%	33.4%	Strong
FCX Freeport-McMoran Inc.	$105.8B	35.9	+0.2%	11.4%	Strong
AEM Agnico Eagle Mines Ltd.	$95.8B	15.9	+43.7%	37.5%	Strong
B Barrick Mining Corporation	$67.5B	10.1	+9.2%	31.6%	Strong

Head-to-head: MOS vs LIN · MOS vs SCCO · MOS vs NEM

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 2Buy 9Hold 12Sell 2

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $12.2B · net income -$639M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$12.2B

YoY 8.8%

Net income (TTM)

-$639M

Margin -5.2%

Gross margin

11.0%

Operating margin

-1.4%

P/E ratio

11.0

Dividend yield

4.70%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	8.7	12.4	19.1	13.7	11.1	12.1
Gross profit	1.1	3.2	5.8	2.2	1.5	1.9
Operating income (EBIT)	0.4	2.5	4.8	1.3	0.6	0.8
Net income	0.7	1.6	3.6	1.2	0.2	0.5
EPS (diluted)	1.75	4.27	10.06	3.50	0.55	1.70

Cash flowFree cash flow -$947M · operating cash flow $444M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

-$947M

Margin -7.7%

Operating cash flow (TTM)

$444M

FCF margin

-7.7%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	1.6	2.2	3.9	2.4	1.3	0.8
Capital expenditure	-1.2	-1.3	-1.2	-1.4	-1.3	-1.4
Free cash flow	0.4	0.9	2.7	1.0	0.0	-0.5
FCF margin	4.7%	7.3%	14.1%	7.3%	0.4%	-4.4%

Balance sheetAssets $24.5B · net debt $4.02B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $24.5B of assets is financed

51%

49%

Liabilities $12.4B — borrowed moneyEquity $12.1B — owners' stake

Cash vs debt

Total debt $4.29B − cash $277M = net debt $4.02B

Cash on hand covers 6% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

2.0x

EBIT ÷ interest expense

ROE

-5.3%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.6	0.8	0.7	0.3	0.3	0.3
Total assets	19.8	22.0	23.4	23.0	22.9	24.5
Total liabilities	10.2	11.4	11.3	10.7	11.4	12.4
Total debt	4.6	4.0	3.4	3.4	3.4	4.3
Equity	9.6	10.6	12.1	12.3	11.5	12.1
Net debt	4.0	3.2	2.7	3.0	3.1	4.0

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of MOS on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $18.79 · market cap $5.97B.