Company file · MOS
Mosaic
Potash was Mosaic's fastest-growing segment in FY2025, up 11.4%
Revenue rose 8.4% to $12.1B in FY2025, from $11.1B in FY2024. Net income rose 209.1% to $541M. Mosaic Fertilizantes was the largest segment, at 40% of revenue.
Key facts
Mosaic (NYSE: MOS) closed fiscal 2025 on Dec 31, 2025 with revenue of $12.1B, up 8.4% from a year before; net income came to $541M, up 209.1%. Its newest quarterly report covers the three months to Sep 30, 2026: revenue of $3.1B, down 10.2% on the same stretch of the prior year, and net income of −$72M. Broken down by segment, Mosaic Fertilizantes led with 40% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 27, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Nov 4, 2026).
Source: 10-K FY2025, filed Feb 27, 2026
Source: 10-Q filed May 11, 2026 · 10-Q filed Aug 5, 2026 · 10-Q filed Nov 4, 2026
How it makes money
By segment, FY2025
- LineAmountSharevs FY2024
- Mosaic Fertilizantes$4.8B40%+9.6%
- Phosphates$4.6B38%+1.3%
- Potash$2.7B22%+11.4%
Source: 10-K FY2025, XBRL breakdown
By segment in FY2025: Mosaic Fertilizantes (40%), Phosphates (38%) and Potash (22%), as shares of total revenue. Total revenue was $12.1B.
Source: 10-K FY2025
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q3 2026Q3 2025
Company
A hatched bar is a loss, drawn by its size. The % change isn't shown when either quarter is a loss.
Source: Mosaic 10-Q for the quarter ended Sep 30, 2026, filed Nov 4, 2026
By segment
Source: Mosaic 10-Q for the quarter ended Sep 30, 2026, filed Nov 4, 2026
The bull case and the bear case
The bull case
- Revenue rose 8.4% in FY2025 to $12.1B, from $11.1B a year earlier. 10-K, FY2025
- Net income rose 209.1% in FY2025 to $541M, from $175M. 10-K, FY2025
- Potash revenue grew 11.4% in FY2025 to $2.7B. 10-K, FY2025
The bear case
- Operating cash flow fell 36.5% in FY2025 to $825M. 10-K, FY2025
- Total debt rose 19.6% in FY2025 to $5.1B. 10-K, FY2025
- Revenue in the quarter ended Sep 30, 2026 was $3.1B, down 10.2% on a year earlier. 10-Q, quarter ended Sep 30, 2026
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Mosaic is in the fertilizers & agricultural chemicals industry, part of the materials sector. The SEC files it under Agricultural Chemicals.
Mosaic reports 3 segments: Mosaic Fertilizantes, Phosphates and Potash.
Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the fertilizers & agricultural chemicals industry. They are not a summary of Mosaic’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- Commodity pricesPrices of the metals, chemicals or products it sells move revenue and margins.
- Demand cyclesCustomers in construction, manufacturing and autos buy less in downturns.
- Energy and input costsEnergy, raw material and freight costs can rise faster than prices.
- Regulation and environmentEnvironmental and safety rules can raise costs or limit operations.
- TradeTariffs and trade policy can shift demand and competition.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $13.7B | $11.1B | $12.1B |
| Net income | $1.2B | $175M | $541M |
| Operating cash flow | $2.4B | $1.3B | $825M |
| Cash & equivalents (year end) | $349M | $273M | $277M |
| Total debt (year end) | $3.8B | $4.2B | $5.1B |
| Diluted shares | 333M | 321M | 319M |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Total debt: Short-term borrowings and the current part of long-term debt and lease obligations plus long-term debt, at carrying value.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- Segment reporting
- Net debt and net cash
- Debt-to-equity ratio
- The cash flow statement
- Risk factors (Item 1A)
- Large accelerated filers
- Book value per share
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Nov 4, 2026 | Sep 30, 2026 |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 |
| 10-Q | May 11, 2026 | Mar 31, 2026 |
| DEF 14A | Apr 16, 2026 | Dec 31, 2025 |
| 10-K | Feb 27, 2026 | Dec 31, 2025 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about Mosaic
How does Mosaic make money?
Fiscal 2025 revenue: $12.1B. By segment in FY2025: Mosaic Fertilizantes (40%), Phosphates (38%) and Potash (22%), as shares of total revenue. Total revenue was $12.1B. Source: 10-K for fiscal 2025, filed Feb 27, 2026.
What was Mosaic's revenue in fiscal 2025?
$12.1B, up 8.4% from fiscal 2024 ($11.1B). The year ended Dec 31, 2025; for fiscal 2023 the figure was $13.7B. Source: 10-K for fiscal 2025, filed Feb 27, 2026.
Is Mosaic profitable?
Net income was $541M in fiscal 2025 (up 209.1%; fiscal 2024 was $175M). That counts as a GAAP profit. The latest quarter, ended Sep 30, 2026: net income was −$72M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 27, 2026.
What did Mosaic report in its latest quarterly filing?
For the three months to Sep 30, 2026: revenue $3.1B (down 10.2% from $3.5B) and net income −$72M (compared with $411M from $411M). Source: 10-Q for the quarter ended Sep 30, 2026, filed Nov 4, 2026.
How much cash and debt does Mosaic have?
As of Sep 30, 2026: $273M of cash and cash equivalents, $5.4B of total debt. Total debt here is short-term borrowings and the current part of long-term debt and lease obligations plus long-term debt, at carrying value. Source: 10-Q filed Nov 4, 2026.
What are the main risks Mosaic faces?
Mosaic's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 27, 2026. Risks that are common among companies in the fertilizers & agricultural chemicals industry include Commodity prices; demand cycles; energy and input costs; regulation and environment; trade. The first: Prices of the metals, chemicals or products it sells move revenue and margins. Source: 10-K, Item 1A Risk Factors.
Where do these Mosaic numbers come from?
The 10-K filed Feb 27, 2026 (fiscal 2025) and the 10-Q filed Nov 4, 2026 (quarter ended Sep 30, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.
Tracked funds that report owning Mosaic
- Millennium Management: 6,591,349 shares, reported value $139.7M at Jun 30, 2026 (+2,767.2% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Citadel Advisors: 978,462 shares, reported value $20.7M at Jun 30, 2026 (−68.1% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
- Point72 Asset Management: 711,467 shares, reported value $15.1M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Two Sigma Investments: 122,415 shares, reported value $2.6M at Jun 30, 2026 (−45.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.
Disclosures
- Editor holdings in MOS
- The editor holds no position in Mosaic (MOS). As of Nov 11, 2026.
- Trading rule
- The editor does not buy or sell MOS from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 10, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold MOS, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| MosaicMOS | FY2025 | $12.1B | +8.4% | $541M |
| CF IndustriesCF | FY2025 | $7.1B | +19.3% | $1.8B |
| LindeLIN | FY2025 | $34.0B | +3.0% | $6.9B |
| NewmontNEM | FY2025 | $22.7B | +21.3% | $7.1B |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.