The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients. It operates in three segments: Phosphates, Potash, and Mosaic Fertilizantes. The company owns and operates mines and production facilities, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, as well as concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and MicroEssentials, a value-added ammoniated phosphate product. It also mines, processes, and sells potash to crop nutrient manufacturers, distributors, retailers, and to customers for industrial use; and owns and operates mines, chemical plants, crop nutrient blending and bagging facilities, port terminals and warehouses, which produce and sell concentrated phosphate and potash-based crop nutrients, and phosphate-based animal feed ingredients. In addition, the company produces a double sulfate of potash magnesia product under the K-Mag brand; and purchases phosphate, potash, and nitrogen products to produce blended crop nutrients. Further, it offers triple superphosphate, single superphosphate, and dicalcium phosphate; feed phosphate under the Biofos and Nexfos brands; potash for de-icing and as a water softener regenerant; and phosphogypsum. The company sells its products to wholesale distributors, retail chains, cooperatives, independent retailers, and national accounts through its sales force. It also exports its products. The company operates in the United States, Brazil, China, Canada, Paraguay, Argentina, Japan, Colombia, India, Australia, Peru, Mexico, Honduras, the Dominican Republic, Indonesia, and internationally. The Mosaic Company was incorporated in 1987 and is headquartered in Tampa, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $12.1B | $2.5B | $541M | $-535M | 4.5% | 8.4% | 209.1% |
| 2024 | $11.1B | $1.6B | $175M | $47M | 1.5% | -18.8% | -85.0% |
| 2023 | $13.7B | $2.5B | $1.2B | $1.0B | 9.5% | -28.4% | -67.5% |
| 2022 | $19.1B | $5.7B | $3.6B | $2.7B | 29.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 19,125.20 | 13,696.10 | 11,122.80 | 12,052.40 |
| Operating Revenue | - | 19,125.20 | 13,696.10 | 11,122.80 | 12,052.40 |
| Cost Of Revenue | - | 13,369.40 | 11,485.50 | 9,610.90 | 10,150.50 |
| Gross Profit | - | 5,755.80 | 2,210.60 | 1,511.90 | 1,901.90 |
| Operating Expense | - | 970.50 | 929 | 890.40 | 823.20 |
| Selling General And Administration | - | 498 | 500.50 | 496.90 | 533.90 |
| Total Expenses | - | 14,339.90 | 12,414.50 | 10,501.30 | 10,973.70 |
| Operating Income | - | 4,785.30 | 1,281.60 | 621.50 | 1,078.70 |
| Total Operating Income As Reported | - | 4,785.30 | 1,338.10 | 621.50 | 821.50 |
| EBITDA | - | 5,745.20 | 2,475.50 | 1,570.90 | 2,504.30 |
| Normalized EBITDA | - | 5,647.70 | 2,225 | 2,256.70 | 2,489.80 |
| EBIT | - | 4,811.30 | 1,514.90 | 545.40 | 1,454.40 |
| Interest Income | - | 31 | 59.60 | 47.20 | 53.80 |
| Interest Expense | - | 168.80 | 189 | 230 | 241.50 |
| Net Interest Income | - | -137.80 | -129.40 | -182.80 | -187.70 |
| Other Non Operating Income Expenses | - | -102.50 | -76.80 | 40.30 | 307.40 |
| Other Income Expense | - | -5 | 173.70 | -123.30 | 321.90 |
| Interest Income Non Operating | - | 31 | 59.60 | 47.20 | 53.80 |
| Interest Expense Non Operating | - | 168.80 | 189 | 230 | 241.50 |
| Net Non Operating Interest Income Expense | - | -137.80 | -129.40 | -182.80 | -187.70 |
| Pretax Income | - | 4,642.50 | 1,325.90 | 315.40 | 1,212.90 |
| Tax Provision | - | 1,224.30 | 177 | 186.70 | 639.80 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 25.74 | 33.32 | -144.02 | 3.04 |
| Net Income Continuous Operations | - | 3,614.20 | 1,209.20 | 202 | 575.40 |
| Net Income From Continuing And Discontinued Operation | - | 3,582.80 | 1,164.90 | 174.90 | 540.70 |
| Net Income From Continuing Operation Net Minority Interest | - | 3,582.80 | 1,164.90 | 174.90 | 540.70 |
| Net Income | - | 3,582.80 | 1,164.90 | 174.90 | 540.70 |
| Net Income Common Stockholders | - | 3,582.80 | 1,164.90 | 174.90 | 540.70 |
| Net Income Including Noncontrolling Interests | - | 3,614.20 | 1,209.20 | 202 | 575.40 |
| Normalized Income | - | 3,511.04 | 947.72 | 716.68 | 529.24 |
| Diluted NI Availto Com Stockholders | - | 3,582.80 | 1,164.90 | 174.90 | 540.70 |
| Basic Average Shares | - | 339.07 | 331.30 | 319.80 | 317.30 |
| Diluted Average Shares | - | 356 | 333.20 | 320.70 | 318.90 |
| Reconciled Depreciation | - | 933.90 | 960.60 | 1,025.50 | 1,049.90 |
| Reconciled Cost Of Revenue | - | 13,369.40 | 11,485.50 | 9,610.90 | 10,150.50 |
| Total Unusual Items | - | 97.50 | 250.50 | -685.80 | 14.50 |
| Total Unusual Items Excluding Goodwill | - | 97.50 | 250.50 | -685.80 | 14.50 |
| Minority Interests | - | -31.40 | -44.30 | -27.10 | -34.70 |
| Earnings From Equity Interest Net Of Tax | - | 196 | 60.30 | 73.30 | 2.30 |
| Special Income Charges | - | 0 | 56.50 | 0 | -257.20 |
| Write Off | 158.10 | 0 | 0 | - | - |
| Impairment Of Capital Assets | - | - | 0 | 0 | 99.90 |
| Gain On Sale Of Security | - | 97.50 | 194 | -685.80 | 271.70 |
| Gain On Sale Of Ppe | - | - | 56.50 | 0 | -157.30 |
| Other Operating Expenses | - | 472.50 | 428.50 | 393.50 | 289.30 |
| Earnings From Equity Interest | - | 0 | 0 | 522.20 | 0 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Mosaic Companythis co. | MOS | $7.3B | 13.46β discount | 0.60 | 4.5% | 4.90 |
| Element Solutions Inc | ESI | $10.2B | 53.64 | 3.83 | 7.1% | 23.93 |
| Eastman Chemical Company | EMN | $8.3B | 17.47 | 1.39 | 8.0% | 9.62 |
| Century Aluminum Company | CENX | $6.6B | 157.29 | 8.16 | 5.2% | 49.15 |
| Celanese Corporation | CE | $5.9B |
| - |
| - |
| - |
| - |
| - |
| -5.08 |
| 1.46 |
| -28.8% |
| 65.88 |
| Warrior Met Coal, Inc. | HCC | $5.6B | 98.13 | 2.61 | 2.7% | 22.01 |
| Balchem Corporation | BCPC | $5.1B | 32.79 | 4.04 | 12.3% | 20.33 |
| Sensient Technologies Corporation | SXT | $4.8B | 35.70 | 4.02 | 11.3% | 20.41 |
| Materion Corporation | MTRN | $4.7B | 63.23 | 5.02 | 7.9% | 28.96 |
| Peer Median | - | 44.67 | 3.92 | 7.5% | 22.97 | |