The Mosaic Company
- Open
- 21.53
- Day high
- 21.78
- Day low
- 20.83
- Prev close
- 22.44
- Volume
- 13.6M
- Mkt cap
- $6.7B
- P/E (TTM)
- 9.1
- EPS (TTM)
- $2.33
- P/B
- 0.6
- P/S
- 0.6
- Yield
- 4.15%
- Per share
- $0.88
The Mosaic Company (MOS) is a Basic Materials company listed on NYSE. The stock is down 42% over the past year. Drillr has 2 published research articles covering MOS.
The Mosaic Company (MOS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 11 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MOS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 11, 2026 | $0.20 | $0.05 | -75.0% | $3.0B | +2.4% |
| Feb 25, 2026 | $0.48 | $0.22 | -54.2% | $2.6B | -6.4% |
| Nov 4, 2025 | $0.97 | $1.04 | +7.4% | $3.5B | -2.2% |
| Feb 27, 2025 | $0.53 | $0.45 | -15.1% | $2.8B | -3.5% |
| May 1, 2024 | $0.60 | $0.65 | +8.3% | $2.7B | -5.9% |
| Feb 21, 2024 | $0.82 | $0.71 | -13.4% | $3.1B | +0.0% |
| Aug 1, 2023 | $1.12 | $1.04 | -7.1% | $3.4B | +5.6% |
| May 3, 2023 | $1.29 | $1.14 | -11.6% | $3.6B | -1.1% |
| Feb 22, 2023 | $2.26 | $1.74 | -23.0% | $4.5B | +7.4% |
| May 2, 2022 | $2.40 | $2.41 | +0.4% | $3.9B | -4.2% |
| Feb 22, 2022 | $1.98 | $1.95 | -1.5% | $3.8B | -1.5% |
| Nov 1, 2021 | $1.59 | $1.35 | -15.1% | $3.4B | -9.5% |
MOS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 1, 2026 | Kuzenko Jody Lynnedirector | Option | 4,873 | — |
| Jun 1, 2026 | WESTBROOK KELVIN Rdirector | Grant | 7,273 | — |
| Jun 1, 2026 | Little Sonya Cdirector | Option | 4,873 | — |
| Jun 1, 2026 | Watkins Gretchen Hdirector | Option | 4,873 | — |
| Jun 1, 2026 | WESTBROOK KELVIN Rdirector | Option | 4,873 | — |
| Jun 1, 2026 | BEEBE CHERYL Kdirector | Option | 4,873 | — |
| Jun 1, 2026 | BEEBE CHERYL Kdirector | Grant | 7,273 | — |
| Jun 1, 2026 | Seaton David Thomasdirector | Option | 3,167 | — |
| Jun 1, 2026 | Gitzel Timothy S.director | Option | 4,873 | — |
| Jun 1, 2026 | Seaton David Thomasdirector | Grant | 7,273 | — |
| Jun 1, 2026 | Teixeira Joao Roberto Goncalvesdirector | Option | 4,873 | — |
| Jun 1, 2026 | Teixeira Joao Roberto Goncalvesdirector | Grant | 7,273 | — |
| Jun 1, 2026 | BEEBE CHERYL Kdirector | Option | 2,437 | — |
| Jun 1, 2026 | Koenig Emery N.director | Option | 4,873 | — |
| Jun 1, 2026 | Shanahan Kathleen Mdirector | Grant | 7,273 | — |
Source: MOS SEC Form 4 filings, latest Jun 1, 2026. For informational purposes only — not investment advice.
See the full MOS insider & 13F page →MOS research & analysis
Fertilizer Price Surge: CF's 41% Margins Lead MOS and NTR as Trump Probe Looms
Trump's April 11 pledge to curb fertilizer gouging amid Iran tensions highlights producers like CF, MOS, and NTR as winners from sustained price surges, while ADM, DE, and AGCO face margin squeezes from cost-stressed farmers. Backed by FY2025 financials, CF tops conviction with 41% margins and cheap valuation.
CFNTRADMCF, MOS, NTR: Iran Supply Squeeze Drives Fertilizer Prices — Top 3 Ranked by Conviction
Trump's anti-gouging pledge amid Iran tensions spotlights US fertilizer producers' upside from West Asia supply squeezes. CF, MOS, and NTR lead with strong financials and exposure, ranked for conviction amid tightening markets.
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The Mosaic Company company profile
Overview
The Mosaic Company (NYSE:MOS) is a leading global producer and marketer of concentrated phosphate and potash crop nutrients, founded through the 2004 combination of IMC Global and Cargill's crop nutrition business. Headquartered in Tampa, Florida, the company has grown to become one of the world's largest fertilizer producers, operating mines and production facilities across North America and internationally. Mosaic serves agricultural markets worldwide through three primary business segments: Phosphates, Potash, and Mosaic Fertilizantes (its Brazilian distribution operation), providing essential nutrients that help farmers increase crop yields to feed a growing global population.
Business
Mosaic operates in the agricultural inputs industry, specifically focusing on the production and distribution of fertilizers - chemical compounds that provide essential nutrients to crops for enhanced growth and yield. The company's core business revolves around two primary crop nutrients that are fundamental to modern agriculture. Phosphate fertilizers represent Mosaic's largest segment, accounting for approximately 45-50% of total revenues. The company produces concentrated phosphate products including diammonium phosphate (DAP), monoammonium phosphate (MAP), and ammoniated phosphate products. These fertilizers provide phosphorus, a critical nutrient that helps plants develop strong root systems, flowers, and seeds. Phosphorus cannot be manufactured synthetically and must be mined from phosphate rock deposits. Mosaic also produces MicroEssentials, a premium phosphate fertilizer that combines multiple nutrients in a single granule, commanding higher prices due to its enhanced efficiency. Potash fertilizers comprise roughly 25-30% of revenues and provide potassium, another essential plant nutrient that helps crops resist disease, withstand drought, and improve overall quality. Potash is mined from underground deposits, and Mosaic operates several potash mines in Canada, including the major Esterhazy complex. The company produces both standard potash for agricultural use and specialty products like K-Mag (a double sulfate of potash magnesia) for premium applications. Mosaic Fertilizantes, the Brazilian distribution segment, accounts for approximately 20-25% of revenues and represents the company's downstream integration strategy. This operation purchases, blends, and distributes fertilizers directly to farmers, cooperatives, and retailers across Brazil, one of the world's largest agricultural markets. Brazil's tropical climate allows for multiple growing seasons annually, creating consistent fertilizer demand. The company has also developed Mosaic Biosciences, a newer division focused on biological products and nutrient enhancement technologies that improve fertilizer efficiency and crop yields through innovative coating and delivery systems.
Revenue model
Mosaic generates revenue primarily through product sales of fertilizers to a diverse customer base including wholesale distributors, retail chains, farmers, cooperatives, independent retailers, and national accounts. The company's business model is fundamentally tied to global agricultural commodity cycles and seasonal planting patterns. In the phosphate business, Mosaic sells directly to distributors and large agricultural retailers who then supply farmers. Pricing follows global commodity markets and is influenced by supply-demand dynamics, with contracts typically structured on a quarterly or seasonal basis. The company benefits from premium pricing for specialty products like MicroEssentials, which can command 15-25% higher prices than standard fertilizers due to their enhanced nutrient efficiency. The potash segment operates similarly, with sales to distributors and direct customers. Potash pricing tends to be more volatile than phosphates, influenced by major producer actions, inventory levels, and seasonal demand patterns. Mosaic's strategy includes maintaining production flexibility through its multiple mine sites, allowing the company to optimize production based on market conditions. Mosaic Fertilizantes operates on a distribution model, purchasing fertilizers (both from Mosaic's own production and third parties) and selling them with markup to Brazilian customers. This segment benefits from Brazil's year-round growing seasons and the country's position as a major agricultural exporter. Several factors significantly impact Mosaic's margins. Commodity price volatility in both agricultural products (corn, soybeans, wheat) and fertilizer raw materials directly affects demand and profitability - higher crop prices generally increase farmers' willingness to invest in fertilizers. Energy costs, particularly natural gas and sulfur prices, substantially impact production costs since fertilizer manufacturing is energy-intensive. Transportation costs affect both raw material inputs and finished product distribution, with rail and shipping rates impacting margins. Weather patterns influence planting seasons and crop yields, directly affecting fertilizer demand timing and volumes. Geopolitical factors, including trade policies, export restrictions from major producing countries like China and Russia, and sanctions, can dramatically alter global supply-demand balances and pricing. Currency fluctuations, particularly the Brazilian real, affect the Fertilizantes segment's profitability and competitiveness.
Competitive moat
Mosaic's competitive moat is moderately strong but faces ongoing challenges from industry cyclicality and global competition. The company's primary advantages stem from its control of finite natural resources and integrated production capabilities. The most significant moat element is resource control - Mosaic owns and operates phosphate rock mines in Florida and potash mines in Canada, providing access to essential raw materials that competitors must purchase on the open market. Phosphate rock and potash deposits are geologically limited and geographically concentrated, creating natural barriers to entry. The company's Esterhazy potash complex and Florida phosphate operations represent decades of proven reserves, providing long-term cost advantages. Scale and integration benefits provide additional competitive protection. Mosaic's size allows for operational efficiencies, bulk purchasing power, and the ability to serve large customers with consistent supply. The company's integration from mining through production to distribution (particularly in Brazil) captures more value chain margin than pure-play miners or distributors. Technical expertise and operational know-how in mining, chemical processing, and logistics create meaningful barriers for new entrants. Fertilizer production requires specialized knowledge in handling hazardous materials, maintaining complex chemical processes, and managing environmental compliance across multiple jurisdictions. However, Mosaic's moat faces several significant challenges. The fertilizer industry is inherently cyclical and commodity-driven, limiting pricing power during downturns. Global competition from state-owned enterprises in countries like Russia, China, and Morocco can disrupt markets through subsidized production or export restrictions for political reasons. Environmental and regulatory pressures increasingly challenge traditional mining and chemical production methods, potentially requiring substantial capital investments in cleaner technologies. Technological disruption from precision agriculture, alternative nutrient delivery systems, or biological fertilizers could reduce demand for traditional chemical fertilizers over time. The company's moat is strongest in phosphates due to more limited global supply sources, while the potash business faces more competitive pressure from large global producers. Overall, Mosaic maintains a defendable position but operates in an industry where external factors can quickly erode competitive advantages.
Risks & safety
Mosaic presents a moderate margin of safety with manageable financial risks but some cyclical volatility concerns. **Financial Health:** - Cash position of $273 million with current ratio of 1.08, indicating tight but adequate liquidity - Total debt-to-equity ratio of 0.39, representing reasonable leverage levels - Positive operating cash flow of $1.3 billion in 2024, though free cash flow was minimal at $47 million due to high capital expenditures - No immediate solvency concerns given asset base of $23 billion and established operations **Valuation Metrics:** - Trading at P/E ratio of 11.5x based on 2024 earnings, reasonable for cyclical industrial company - EV/EBITDA of 5.6x appears attractive relative to historical averages - Price-to-book ratio of 0.68 suggests trading below tangible asset value - Graham number of $21 vs current price around $23 indicates modest overvaluation by conservative metrics **Other Considerations:** - Cyclical earnings volatility creates uncertainty in normalized earning power - Capital intensive business requiring ongoing mine maintenance and development - Commodity price exposure limits predictability of cash flows - Strong asset backing from mining reserves provides downside protection
Recent development
Over the past several years, Mosaic has executed a comprehensive strategic transformation focused on operational efficiency, cost reduction, and portfolio optimization. The company has pursued an aggressive cost reduction program targeting $150 million in annual run-rate savings by 2025, achieved through workforce optimization, third-party contractor reductions, and operational improvements. Management has successfully reduced capital expenditures by $200-300 million annually while maintaining production capacity. A major strategic pivot involved asset portfolio rationalization, highlighted by the completion of the Ma'aden transaction in 2024, which generated $522 million in gains and allowed Mosaic to exit a joint venture in Saudi Arabia. The company is actively pursuing strategic alternatives for its Carlsbad, New Mexico potash mine, signaling continued focus on optimizing its asset base for maximum returns. Mosaic Biosciences represents the company's most significant growth initiative, doubling revenues in 2024 and expanding to cover 9 million acres with nutrient enhancement products. The division focuses on biological solutions and coating technologies that improve fertilizer efficiency, targeting $70 million in revenue for 2025 with gross margins around 60%. This represents a strategic shift toward higher-margin, technology-driven products that differentiate Mosaic from commodity fertilizer producers. In Brazil, Mosaic has strengthened its distribution network by shifting toward lower-risk customers including mega farmers, traders, and cooperatives, while targeting 15% sales volume growth. The company has also expanded its product portfolio with MicroEssentials Pro, a premium phosphate fertilizer offering 3-8% yield improvements with patent protection extending to 2038. Operational improvements include completing the Esterhazy potash complex hydrofloat project and various phosphate production optimization initiatives aimed at reducing conversion costs by $20-30 per ton. These efforts support management's goal of achieving 7.2-7.6 million tons of annual phosphate production while improving unit economics.
MOS company profile · for informational purposes only — not investment advice.
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