NYSE : MOS
The Mosaic Company — Financial statements
Materials · Agricultural Inputs · United States
Last price 18.39 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.85B
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Financial statements
The Mosaic Company (MOS) reported revenue of 12.25B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 12.25B | 12.05B | 11.12B | 13.70B | 19.13B | 12.36B |
| Cost of Revenue | 10.87B | 10.15B | 9.61B | 11.49B | 13.37B | 9.16B |
| Gross Profit | 1.38B | 1.90B | 1.51B | 2.21B | 5.76B | 3.20B |
| Selling, General & Admin | 511.60M | 533.90M | 496.90M | 500.50M | 498.00M | 430.50M |
| Other Operating Expenses | 379.40M | 289.30M | 393.50M | 428.50M | 472.50M | 143.20M |
| Operating Expenses | 891.00M | 823.20M | 890.40M | 929.00M | 970.50M | 573.70M |
| Operating Income | 485.20M | 1.08B | 621.50M | 1.28B | 4.79B | 2.63B |
| Interest Expense | -265.80M | -241.50M | -230.00M | -189.00M | -168.80M | -194.30M |
| Interest & Investment Income | 53.70M | 53.80M | 47.20M | 59.60M | 31.00M | 25.20M |
| Earnings From Equity Investments | 2.40M | 2.30M | 73.30M | 60.30M | 196.00M | 7.80M |
| Currency Exchange Gain (Loss) | -32.60M | 271.70M | -685.80M | 194.00M | 97.50M | -78.50M |
| Other Non Operating Income (Expenses) | 312.50M | 307.40M | 12.30M | -76.80M | -102.50M | 3.90M |
| EBT Excluding Unusual Items | 555.40M | 1.47B | -161.50M | 1.33B | 4.84B | 2.39B |
| Merger & Restructuring Charges | -10.00M | -158.10M | ||||
| Impairment of Goodwill | -99.90M | -99.90M | ||||
| Gain (Loss) on Sale of Investments | -149.00M | 550.20M | ||||
| Gain (Loss) on Sale of Assets | -365.10M | -157.30M | 56.50M | |||
| Other Unusual Items | -72.00M | |||||
| Pretax Income | -248.60M | 1.22B | 388.70M | 1.39B | 4.84B | 2.23B |
| Income Tax Expense | 365.70M | 639.80M | 186.70M | 177.00M | 1.22B | 597.70M |
| Earnings From Continuing Operations | -614.30M | 575.40M | 202.00M | 1.21B | 3.61B | 1.63B |
| Minority Interest in Earnings | -24.20M | -34.70M | -27.10M | -44.30M | -31.40M | -4.30M |
| Net Income | -638.50M | 540.70M | 174.90M | 1.16B | 3.58B | 1.63B |
| Net Income to Common | -638.50M | 540.70M | 174.90M | 1.16B | 3.58B | 1.63B |
| Shares Outstanding (Basic) | 317.60M | 317.30M | 319.80M | 331.30M | 352.40M | 378.10M |
| Shares Outstanding (Diluted) | 317.60M | 318.90M | 320.70M | 333.20M | 356.00M | 381.60M |
| EPS (Basic) | -2.01 | 1.70 | 0.55 | 3.52 | 10.17 | 4.31 |
| EPS (Diluted) | -2.01 | 1.70 | 0.55 | 3.50 | 10.06 | 4.27 |
| Free Cash Flow | -947.10M | -534.60M | 47.40M | 1.00B | 2.69B | 898.40M |
| Free Cash Flow Per Share | -2.98 | -1.68 | 0.15 | 3.02 | 7.55 | 2.35 |
| Dividend Per Share | 0.88 | 0.88 | 0.85 | 0.80 | 0.65 | 0.28 |
| Gross Margin | 11.24% | 15.78% | 13.59% | 16.14% | 30.09% | 25.90% |
| Operating Margin | 3.96% | 8.95% | 5.59% | 9.36% | 25.02% | 21.25% |
| Profit Margin | -5.21% | 4.49% | 1.57% | 8.51% | 18.73% | 13.20% |
| Free Cash Flow Margin | -7.73% | -4.44% | 0.43% | 7.34% | 14.06% | 7.27% |
| EBITDA | 1.72B | 2.26B | 1.76B | 2.34B | 5.80B | 3.51B |
| EBITDA Margin | 14.03% | 18.74% | 15.81% | 17.07% | 30.33% | 28.42% |
| D&A For EBITDA | 1.23B | 1.18B | 1.14B | 1.06B | 1.02B | 884.80M |
| EBIT | 485.20M | 1.08B | 621.50M | 1.28B | 4.79B | 2.63B |
| EBIT Margin | 3.96% | 8.95% | 5.59% | 9.36% | 25.02% | 21.25% |
| Effective Tax Rate | 52.65% | 48.03% | 12.77% | 25.30% | 26.77% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 294.00M | 276.60M | 272.80M | 348.80M | 735.40M | 769.50M |
| Cash & Short-Term Investments | 294.00M | 276.60M | 272.80M | 348.80M | 735.40M | 769.50M |
| Accounts Receivable | 860.10M | 969.00M | 1.04B | 1.13B | 1.49B | 1.34B |
| Other Receivables | 282.30M | 340.20M | 313.00M | 403.70M | 397.80M | 313.80M |
| Receivables | 1.14B | 1.31B | 1.35B | 1.54B | 1.89B | 1.66B |
| Inventory | 3.67B | 3.36B | 2.55B | 2.52B | 3.54B | 2.74B |
| Prepaid Expenses | 209.90M | 194.60M | 299.80M | 284.30M | 237.40M | 107.30M |
| Restricted Cash | 3.00M | 7.80M | 14.90M | |||
| Other Current Assets | 112.90M | 86.30M | 14.20M | 50.20M | 151.40M | 49.10M |
| Total Current Assets | 5.43B | 5.24B | 4.50B | 4.75B | 6.56B | 5.33B |
| Property, Plant & Equipment | 13.84B | 14.21B | 13.57B | 13.82B | 12.86B | 12.60B |
| Long-Term Investments | 1.81B | 1.85B | 1.53B | 909.00M | 885.90M | 691.80M |
| Goodwill | 969.20M | 1.01B | 1.06B | 1.14B | 1.12B | 1.17B |
| Long-Term Deferred Tax Assets | 1.21B | 811.60M | 958.30M | 1.08B | 752.30M | 997.10M |
| Long-Term Deferred Charges | 127.90M | 140.70M | 166.30M | 138.90M | ||
| Other Long-Term Assets | 1.26B | 1.23B | 1.13B | 1.21B | 1.21B | 1.25B |
| Total Assets | 24.64B | 24.48B | 22.92B | 23.03B | 23.39B | 22.04B |
| Accounts Payable | 1.53B | 1.65B | 1.56B | 1.57B | 2.04B | 2.00B |
| Accrued Expenses | 741.90M | 734.10M | 773.90M | 810.30M | 991.80M | 935.90M |
| Short-Term Debt | 1.02B | 759.90M | 847.10M | 399.70M | 224.90M | 302.80M |
| Current Portion of Long-Term Debt | 66.70M | 11.00M | 14.70M | 17.40M | 913.90M | 555.40M |
| Current Portion of Leases | 69.80M | 91.70M | 74.50M | 178.00M | 122.10M | 100.90M |
| Current Income Taxes Payable | 83.20M | 34.30M | 204.70M | 190.00M | 208.30M | 184.30M |
| Current Unearned Revenue | 240.90M | 297.30M | 270.70M | 261.80M | 743.90M | 437.70M |
| Other Current Liabilities | 308.20M | 402.50M | 426.90M | 449.70M | 285.20M | 266.00M |
| Total Current Liabilities | 4.06B | 3.98B | 4.17B | 3.87B | 5.53B | 4.79B |
| Long-Term Debt | 4.77B | 4.11B | 3.22B | 3.16B | 2.29B | 3.21B |
| Long-Term Leases | 153.60M | 309.90M | 295.40M | 235.40M | 258.10M | 236.10M |
| Pension & Post-Retirement Benefits | 109.70M | 102.80M | 91.60M | 119.70M | 103.30M | 114.40M |
| Long-Term Deferred Tax Liabilities | 1.19B | 1.00B | 942.80M | 1.07B | 1.01B | 1.02B |
| Other Long-Term Liabilities | 2.72B | 2.74B | 2.59B | 2.14B | 2.00B | 1.92B |
| Total Liabilities | 13.01B | 12.25B | 11.31B | 10.60B | 11.19B | 11.29B |
| Common Stock | 3.20M | 3.20M | 3.20M | 3.20M | 3.40M | 3.70M |
| Additional Paid-In Capital | 42.90M | 29.20M | 2.10M | 478.00M | ||
| Retained Earnings | 13.58B | 14.18B | 13.93B | 14.24B | 14.20B | 12.01B |
| Comprehensive Income & Other | -2.17B | -2.13B | -2.45B | -1.95B | -2.15B | -1.89B |
| Total Common Equity | 11.46B | 12.08B | 11.48B | 12.29B | 12.05B | 10.60B |
| Minority Interest | 171.00M | 149.30M | 132.30M | 142.60M | 139.60M | 144.40M |
| Shareholders' Equity | 11.63B | 12.23B | 11.61B | 12.43B | 12.19B | 10.75B |
| Total Liabilities & Equity | 24.64B | 24.48B | 22.92B | 23.03B | 23.39B | 22.04B |
| Total Debt | 6.08B | 5.28B | 4.45B | 3.99B | 3.81B | 4.41B |
| Net Cash (Debt) | -5.79B | -5.00B | -4.18B | -3.65B | -3.07B | -3.64B |
| Net Cash Per Share | -18.22 | -15.69 | -13.02 | -10.94 | -8.63 | -9.53 |
| Filing Date Shares Outstanding | 317.90M | 317.51M | 316.94M | 321.69M | 336.49M | 368.31M |
| Total Common Shares Outstanding | 317.90M | 317.41M | 316.93M | 324.10M | 339.07M | 368.73M |
| Working Capital | 1.37B | 1.25B | 327.00M | 871.30M | 1.02B | 537.90M |
| Book Value Per Share | 36.06 | 38.07 | 36.23 | 37.92 | 35.55 | 28.76 |
| Tangible Book Value | 10.49B | 11.08B | 10.42B | 11.15B | 10.94B | 9.43B |
| Tangible Book Value Per Share | 33.01 | 34.91 | 32.88 | 34.41 | 32.26 | 25.58 |
| Land | 364.70M | 352.50M | 373.00M | 345.60M | 341.60M | |
| Buildings | 4.08B | 3.84B | 3.88B | 3.52B | 3.45B | |
| Machinery | 12.41B | 11.68B | 11.41B | 10.61B | 9.89B | |
| Construction In Progress | 1.00B | 1.15B | 1.36B | 1.13B | 1.23B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -638.50M | 540.70M | 174.90M | 1.16B | 3.58B | 1.63B |
| Depreciation & Amortization | 1.23B | 1.18B | 1.14B | 1.06B | 1.02B | 884.80M |
| Other Amortization | 40.00M | 43.00M | 36.50M | 21.40M | 7.20M | |
| Loss (Gain) From Sale of Assets | 157.30M | 157.30M | -56.50M | |||
| Asset Writedown & Restructuring Costs | 390.70M | 99.90M | 158.10M | |||
| Loss (Gain) From Sale of Investments | -168.50M | -317.40M | -566.50M | 46.60M | ||
| Loss (Gain) on Equity Investments | -1.20M | 600.00K | -55.70M | -31.80M | -191.50M | -2.10M |
| Stock-Based Compensation | 31.10M | 30.70M | 31.80M | 33.00M | 27.90M | 29.50M |
| Other Operating Activities | 480.70M | 51.70M | 520.40M | -182.20M | 439.80M | 115.80M |
| Change in Accounts Receivable | 283.40M | 75.70M | 59.20M | 526.30M | -215.20M | -683.60M |
| Change in Inventory | -629.00M | -761.50M | -275.60M | 1.06B | -749.60M | -1.07B |
| Change in Accounts Payable | -723.50M | -359.60M | 96.40M | -1.06B | 219.80M | 995.10M |
| Change in Other Net Operating Assets | -12.00M | 84.10M | 141.10M | -130.90M | -247.50M | 126.70M |
| Operating Cash Flow | 444.00M | 824.80M | 1.30B | 2.41B | 3.94B | 2.19B |
| Capital Expenditures | -1.39B | -1.36B | -1.25B | -1.40B | -1.25B | -1.29B |
| Sale of Property, Plant & Equipment | 107.80M | 79.00M | 16.80M | 4.80M | ||
| Cash Acquisitions | -41.00M | |||||
| Divestitures | 158.40M | |||||
| Other Investing Activities | -34.00M | -29.10M | -26.00M | -37.00M | -12.30M | -33.70M |
| Investing Cash Flow | -1.32B | -1.31B | -1.26B | -1.32B | -1.26B | -1.32B |
| Short-Term Debt Issued | 18.39B | 19.04B | 10.61B | 3.33B | 726.60M | |
| Long-Term Debt Issued | 904.70M | 70.30M | 900.00M | 302.70M | ||
| Total Debt Issued | 19.46B | 19.29B | 19.11B | 11.51B | 3.33B | 1.03B |
| Short-Term Debt Repaid | -18.48B | -18.58B | -10.43B | -3.41B | -726.60M | |
| Long-Term Debt Repaid | -73.40M | -67.20M | -995.30M | -610.30M | -608.30M | |
| Total Debt Repaid | -18.17B | -18.55B | -18.65B | -11.43B | -4.02B | -1.33B |
| Net Debt Issued (Repaid) | 1.29B | 743.20M | 455.80M | 79.80M | -693.70M | -305.60M |
| Repurchase of Common Stock | -235.40M | -756.00M | -1.67B | -410.90M | ||
| Common Dividends Paid | -280.10M | -280.40M | -270.70M | -351.60M | -197.70M | -103.70M |
| Other Financing Activities | -132.80M | -10.80M | -81.60M | -452.70M | -122.10M | 138.10M |
| Financing Cash Flow | 875.70M | 452.00M | -131.90M | -1.48B | -2.68B | -682.10M |
| Foreign Exchange Rate Adjustments | 1.00M | 26.30M | 37.90M | -2.80M | -29.70M | 9.30M |
| Net Cash Flow | 3.40M | -6.40M | -55.80M | -393.30M | -32.20M | 191.90M |
| Free Cash Flow | -947.10M | -534.60M | 47.40M | 1.00B | 2.69B | 898.40M |
| Free Cash Flow Margin | -7.73% | -4.44% | 0.43% | 7.34% | 14.06% | 7.27% |
| Free Cash Flow Per Share | -2.98 | -1.68 | 0.15 | 3.02 | 7.55 | 2.35 |
| Levered Free Cash Flow | -746.27M | -433.05M | 324.99M | 822.27M | 1.90B | 821.39M |
| Unlevered Free Cash Flow | -620.15M | -325.11M | 432.24M | 919.00M | 2.00B | 942.83M |
| Cash Interest Paid | 206.50M | 192.20M | 186.40M | 169.50M | 169.60M | 189.90M |
| Cash Income Tax Paid | 279.50M | 321.30M | 337.00M | 385.60M | 1.11B | 208.60M |
| Change in Working Capital | -1.08B | -961.30M | 21.10M | 401.70M | -992.50M | -629.70M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.85B | 7.65B | 7.81B | 11.68B | 14.94B | 14.89B |
| Enterprise Value | 11.63B | 12.45B | 11.94B | 15.13B | 18.74B | 18.39B |
| Last Close Price | 18.39 | 23.45 | 23.19 | 32.73 | 39.17 | 34.72 |
| PE Ratio | 14.14 | 44.64 | 10.03 | 4.17 | 9.13 | |
| Forward PE | 29.65 | 8.42 | 10.87 | 10.22 | 4.31 | 5.14 |
| PS Ratio | 0.48 | 0.63 | 0.70 | 0.85 | 0.78 | 1.21 |
| PB Ratio | 0.51 | 0.62 | 0.67 | 0.94 | 1.23 | 1.39 |
| P/TBV Ratio | 0.56 | 0.69 | 0.75 | 1.05 | 1.37 | 1.58 |
| P/FCF Ratio | 164.72 | 11.62 | 5.56 | 16.57 | ||
| P/OCF Ratio | 13.17 | 9.27 | 6.01 | 4.85 | 3.79 | 6.81 |
| PEG Ratio | 1.42 | 0.63 | 0.17 | 0.15 | 2.11 | 2.11 |
| EV/Sales Ratio | 0.95 | 1.03 | 1.07 | 1.10 | 0.98 | 1.49 |
| EV/EBITDA Ratio | 6.77 | 5.51 | 6.79 | 6.47 | 3.23 | 5.24 |
| EV/EBIT Ratio | 23.97 | 11.54 | 19.21 | 11.80 | 3.92 | 7.00 |
| EV/FCF Ratio | 251.84 | 15.05 | 6.97 | 20.47 | ||
| Debt / Equity Ratio | 0.52 | 0.43 | 0.38 | 0.32 | 0.31 | 0.41 |
| Debt / EBITDA Ratio | 3.06 | 2.09 | 2.19 | 1.54 | 0.63 | 1.18 |
| Debt / FCF Ratio | 93.88 | 3.98 | 1.42 | 4.90 | ||
| Net Debt / Equity Ratio | 0.50 | 0.41 | 0.36 | 0.29 | 0.25 | 0.34 |
| Net Debt / EBITDA Ratio | 3.37 | 2.21 | 2.38 | 1.56 | 0.53 | 1.04 |
| Net Debt / FCF Ratio | -6.11 | -9.36 | 88.12 | 3.63 | 1.14 | 4.05 |
| Asset Turnover | 0.50 | 0.51 | 0.48 | 0.59 | 0.84 | 0.59 |
| Inventory Turnover | 3.23 | 3.43 | 3.79 | 3.79 | 4.25 | 4.09 |
| Quick Ratio | 0.35 | 0.40 | 0.39 | 0.49 | 0.47 | 0.51 |
| Current Ratio | 1.34 | 1.31 | 1.08 | 1.23 | 1.19 | 1.11 |
| Return on Equity (ROE) | -5.07% | 4.83% | 1.68% | 9.82% | 31.51% | 15.95% |
| Return on Assets (ROA) | 1.24% | 2.84% | 1.69% | 3.45% | 13.17% | 7.85% |
| Return on Invested Capital (ROIC) | 2.78% | 3.09% | 2.03% | 7.13% | 24.11% | 13.58% |
| Return on Capital Employed (ROCE) | 2.40% | 5.30% | 3.30% | 6.70% | 26.80% | 15.20% |
| Earnings Yield | -10.93% | 7.07% | 2.24% | 9.98% | 23.99% | 10.95% |
| FCF Yield | -16.20% | -6.99% | 0.61% | 8.60% | 18.00% | 6.03% |
| Dividend Yield | 4.78% | 3.65% | 3.45% | 2.22% | 1.48% | 0.68% |
| Payout Ratio | 51.86% | 154.77% | 30.18% | 5.52% | 6.36% | |
| Buyback Yield / Dilution | 0.47% | 0.56% | 3.75% | 6.40% | 6.71% | -0.08% |
| Total Shareholder Return | 5.25% | 4.21% | 7.20% | 8.62% | 8.19% | 0.60% |