FirmAtlas
Company handbook · MOS · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
MOS · CIK 1285785 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026
Mosaic Co
$18.82
−0.13 (−0.69%)
Close, Oct 16, 2026 · 52-week $18–32
Last fiscal year
Mosaic Co reported revenue of $12.1B for the year ended Dec 31, 2025 (FY25), up 8.4% from FY24. Net income was $541M, operating cash flow $825M and free cash flow −$535M. Source: 10-K filed Feb 27, 2026.
Market cap
$6.0B
EV/EBITDA
5.3x
P/B
0.5
Div yield
4.68%
ROIC
2.5%
Revenue 1Y
8.4%/yr
EPS 1Y
209.1%/yr
Shares 1Y
+0.2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOBruce M. Bodine
HQTampa, FL
AuditorKPMG LLP
Year endsDecember
Revenue by segment · FY25
Mosaic Fertilizantes40%
Phosphates32%
Potash22%
Corporate Eliminations And Other6%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−2.0%
−14.6%
−19.7%
−36.1%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$3.4B deployed
Capex
$2.6B
76.9%
Dividends
$551M
16.2%
Buybacks
$235M
6.9%
Operating cash flow over the period: $2.1B. Total debt changed by +$919M.
Capex was more than operating cash flow in FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
11,123
12,052+8.4%
12,248
YoY
+8.4%
Gross profit
1,512
1,902+25.8%
1,345
Gross margin
13.6%
15.8%+2.2 pp
—
Operating income
622
822+32.2%
(170)
Operating margin
5.6%
6.8%+1.2 pp
—
EBITDA
1,647
1,871+13.6%
—
EBITDA margin
14.8%
15.5%+0.7 pp
—
Interest expense
230
242+5.0%
—
Interest coverage
7.16x
7.75x+0.59x
—
Net income
175
541+209.1%
(638)
YoY
+209.1%
Net margin
1.6%
4.5%+2.9 pp
—
EPS (diluted, $)
0.55
1.70+209.1%
−2.02
YoY
+209.1%
Balance sheet
Total assets
22,924
24,480+6.8%
24,641
Cash & short-term investments
305
299−2.1%
—
Accounts receivable
1,113
1,079−3.1%
—
Inventory
2,548
3,363+32.0%
—
Net PP&E
13,353
13,983+4.7%
—
Other assets
5,605
5,757+2.7%
—
Total liabilities
11,442
12,395+8.3%
13,177
Accounts payable
1,156
1,172+1.3%
—
Total debt
3,332
4,251+27.6%
4,768
Other liabilities
6,953
6,972+0.3%
—
Shareholders’ equity
11,482
12,085+5.2%
11,464
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,299
825−36.5%
444
Net income
202
575+184.9%
—
Depreciation & amortization
1,026
1,050+2.4%
—
Stock-based compensation
32
31−3.5%
—
Working capital & other
40
(831)−2183.2%
—
Cash from investing
(1,261)
(1,310)n/m
—
Capex
(1,252)
(1,359)n/m
—
PP&E sold
17
79+370.2%
—
Acquisitions
0
0n/m
—
Investments bought
(1,530)
(976)n/m
—
Other investing
1,504
946−37.1%
—
Cash from financing
(132)
452n/m
—
Debt raised
70
905+1186.9%
—
Debt repaid
(67)
(73)n/m
—
Dividends
(271)
(280)n/m
—
Buybacks
(235)
0n/m
—
Shares issued
0
0.6n/m
—
Other financing
371
(100)−126.8%
—
Net change in cash
(56)
(6)n/m
—
Free cash flow (OCF − capex)
47
(535)−1227.8%
(947)
Where the cash went
Operating cash flow
1,299
825−36.5%
444
Reinvested in the business
1,252
1,359+8.6%
—
% of operating cash flow
96.4%
164.8%
Capex
1,252
1,359+8.6%
1,391
Acquisitions
0
0n/m
—
Free cash flow
47
(535)−1227.8%
(947)
YoY
−1227.8%
Returned to shareholders
506
280−44.6%
—
% of free cash flow
1067.7%
—
Dividends
271
280+3.6%
—
Buybacks
235
0−100.0%
—
Change in total debt
—
919
—
Cash left over
—
104
—
FCF conversion (FCF ÷ net income)
27.1%
−98.9%−126.0 pp
—
Owner earnings
—
(533)
—
Owner earnings margin
—
−4.4%
—
Buyback yield
3.0%
—
—
Returns & ratios
ROIC (all capital)
1.7%
2.5%+0.8 pp
—
ROIC (operating)
1.6%
2.3%+0.7 pp
—
Net debt / EBITDA
1.84x
2.11x+0.27x
—
Debt / equity
0.29x
0.35x+0.06x
—
Cash conversion cycle (days)
89
111+22 d
—
ROE
1.5%
4.5%+3.0 pp
—
ROA
0.8%
2.2%+1.4 pp
—
ROCE
3.3%
4.0%+0.7 pp
—
NOPAT
254
388+53.1%
—
Invested capital (operating)
15,858
17,252+8.8%
—
Invested capital (all)
14,510
16,037+10.5%
—
Reinvestment rate
—
359.3%
—
Debtor days
37
33−4 d
—
Inventory days
97
121+24 d
—
Days payable
44
42−2 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
3,452
2,974
2,998
2,824
vs year-ago quarter
Gross profit
552
343
236
215
Gross margin
16.0%
11.5%
7.9%
7.6%
Operating income
340
(101)
(373)
(36)
Net income
411
(520)
(258)
(273)
vs year-ago quarter
Net margin
11.9%
−17.5%
−8.6%
−9.7%
EPS (diluted, $)
1.29
−1.64
−0.81
−0.86
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
24,668
24,480
24,568
24,641
Cash & equivalents
177
299
299
306
Total debt
3,372
4,251
4,271
4,768
Shareholders’ equity
12,781
12,085
11,804
11,464
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
228
(56)
104
167
Capex
364
350
357
320
Free cash flow
(136)
(406)
(253)
(153)
vs year-ago quarter