Mosaic Company (MOS)

Materials · $7.2B market cap · SEC CIK 0001285785

Next reports on Feb 22, 2027, after the close, with analysts expecting $0.08 in earnings per share.

52-week range $16.99 to $32.25. 29% below its 52-week high and 35% above its low.

The case for MOS

• Trades at 0.61× book value, below what the balance sheet says it owns.
• Pays a modest 2.2% dividend.
• P/E of 13.4× is lower than 91% of Materials companies.
• Price/sales of 0.6× is lower than 88% of Materials companies.

The case against

• Losing money over the last year: net margin −9.4%, return on equity −10%.
• Burned $535M of free cash in FY2025.
• Long-term debt of $4.3B would take 5 years of operating cash flow to repay.
• Revenue was flat on the year (0.0%).
• Free-cash-flow yield of −7.4% is lower than 100% of Materials companies.
• The price trend is weak (38/100): −11.0% over a year, −3.0% over three months, 29% below its 52-week high.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Materials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• The P/E (13.4×) says it made money over the last year but its net margin (−9.4%) says it lost money, so the P/E is not counted in its favour.
• Its profits follow commodity prices, so its earnings and margin are read as half the latest year and half the average of the years on file (5), and last year's change in earnings per share is not counted as growth.
• Each factor except momentum is half fixed thresholds, half rank among the 26 Materials companies.

The financials

The financials, five years deep

Pulled from Mosaic Company's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Mosaic Company says it does

OVERVIEW The Mosaic Company is the world’s leading producer and marketer of concentrated phosphate and potash crop nutrients. Through our broad product offering, we are a single source supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. We serve customers in approximately 40 countries. We are the second largest integrated phosphate producer in the world and one of the largest producers and marketers of phosphate-based animal feed ingredients in North America and Brazil. We are the leading fertilizer production and distribution company in Brazil. We mine phosphate rock in Florida, Brazil and Peru. We process rock into finished phosphate products at facilities in Florida, Louisiana and Brazil. We are typically one of the top four global potash producers in the world. We mine potash in Saskatchewan and New Mexico. We have other production, blending or distribution operations in Brazil, China, India and…

Risk factors MOS lists in its 10-K

• Our business, financial condition or results of operations could be materially adversely affected by any of the risks and uncertainties described below
• U.S. tariffs on Canadian potash and retaliatory tariffs could materially adversely affect our business operations and financial condition
• Unfavorable worldwide economic and market conditions could adversely affect our business, financial condition or operating results
• Changes in transportation costs can affect our sales volumes and selling prices
• Reduced oil refinery operating rates in North America could have a material adverse impact on our business, financial condition or operating results
• Our assets outside of North America are located in countries with volatile conditions, which could subject us and our assets to significant risks
• Climate change could adversely affect us
• Strikes or other forms of work stoppage or slowdown could disrupt our business and lead to increased costs
• Our underground potash shaft mines are subject to risks of water inflows
• Accidents or equipment failures occurring in the course of our operating activities could result in significant liabilities, interruptions or shutdowns of facilities or the need for significant safety or other expenditures
• Some of our facilities are subject to potential damage from seismic activity or other geologic concerns
• Our underground potash shaft mines are subject to risk from fire. In addition, fire at one of our underground shaft mines could halt our operations at the affected mine or for longer periods for remedial work or otherwise
• We handle significant quantities of ammonia at several of our facilities
• Our business operations rely on our information systems and any material disruption or slowdown of our systems could cause operational delays or loss of revenue
• Our success will continue to depend on our ability to attract and retain highly qualified and motivated employees
• Environmental, health and safety regulations and requirements to which we are subject may have a material adverse effect on our business, financial condition and results of operations
• We are, and may in the future be, involved in legal and regulatory proceedings that could be material to us
• Environmental justice considerations could have a material adverse effect on our business, financial condition or results of operations
• Regulatory restrictions on greenhouse gas emissions and climate change regulations in the U.S., Canada or elsewhere could adversely affect us, and these effects could be material
• Our competitive position could be adversely affected if we are unable to participate in continuing industry consolidation
• Our most important products are global commodities, and we face intense global competition from other crop nutrient producers that can affect our prices and volumes
• Future product or technological innovation could affect our business
• The success of our strategic initiatives depends on our ability to effectively manage them, and to successfully integrate and grow acquired businesses
• Cyberattacks could disrupt our operations and have a material adverse impact on our business
• Our crop nutrients and other products are subject to price and demand volatility resulting from periodic imbalances of supply and demand, which may cause our results of operations to fluctuate
• During periods when the prices for our products are falling because of falling raw material prices,
• we could be required to write-down the value of our inventories. Any such write-down could adversely affect our results of operations and the value of our assets
• We may incur significant non-cash charges if our goodwill or long-lived assets become impaired in the future
• Changes in tax laws or regulations or their interpretation, or exposure to additional tax liabilities, could materially adversely affect our operating results and financial condition
• Capital markets access, liquidity and credit ratings
• Our strategy for managing market and interest rate risk may not be effective
• Due to the global nature of our operations, we are exposed to currency exchange rate changes, which may cause fluctuations in earnings and cash flows

Filings

Other Materials companies