Mosaic (MOS) Financials

$36.28 -0.16 (-0.44%)

Closing price 06/20/2025 03:59 PM Eastern

Extended Trading

$36.12 -0.15 (-0.42%)

As of 06/20/2025 06:55 PM Eastern

Annual Income Statements for Mosaic

This table shows Mosaic's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	1,000	298	-107	470	-1,067	1,631	3,583	1,165	175
Consolidated Net Income / (Loss)	1,002	301	-104	470	-1,091	1,635	3,614	1,209	202
Net Income / (Loss) Continuing Operations	1,004	317	-121	470	-1,031	1,627	3,418	1,149	129
Total Pre-Tax Income	1,103	242	374	552	-1,256	2,225	4,643	1,326	315
Total Operating Income	1,279	319	466	928	-1,095	2,469	4,785	1,338	622
Total Gross Profit	1,718	810	843	1,498	897	3,200	5,756	2,211	1,512
Total Revenue	8,895	7,163	7,409	9,587	8,906	12,357	19,125	13,696	11,123
Operating Revenue	8,895	7,163	7,409	9,587	8,906	12,357	19,125	13,696	11,123
Total Cost of Revenue	7,177	6,353	6,567	8,089	8,009	9,157	13,369	11,486	9,611
Operating Cost of Revenue	7,177	6,353	6,567	8,089	8,009	9,157	13,369	11,486	9,611
Total Operating Expenses	439	117	377	570	1,992	732	971	873	890
Selling, General & Admin Expense	439	304	301	341	354	431	498	501	497
Other Operating Expenses / (Income)	-	-187	76	229	176	143	473	372	394
Total Other Income / (Expense), net	-176	-77	-92	-377	-161	-244	-143	-12	-306
Interest Expense	-	112	138	166	183	169	138	129	183
Interest & Investment Income	-98	-	-	-	-	-	0.00	0.00	522
Other Income / (Expense), net	-78	36	46	-211	22	-75	-5.00	117	-646
Income Tax Expense	99	-74	495	77	-225	598	1,224	177	187
Other Adjustments to Consolidated Net Income / (Loss)	-2.40	-15	17	-	-59	7.80	196	60	73
Net Income / (Loss) Attributable to Noncontrolling Interest	1.40	3.40	3.00	-0.10	-23	4.30	31	44	27
Basic Earnings per Share	$2.79	$0.85	($0.31)	$1.22	($2.78)	$4.31	$10.17	$3.52	$0.55
Weighted Average Basic Shares Outstanding	358.50M	350.40M	350.90M	384.80M	383.80M	378.10M	352.40M	331.30M	319.80M
Diluted Earnings per Share	$2.78	$0.85	($0.31)	$1.22	($2.78)	$4.27	$10.06	$3.50	$0.55
Weighted Average Diluted Shares Outstanding	360.30M	351.70M	350.90M	386.40M	383.80M	381.60M	356M	333.20M	320.70M
Weighted Average Basic & Diluted Shares Outstanding	358.60M	350.40M	345.80M	385.20M	378.76M	736.62M	672.97M	321.69M	316.94M
Cash Dividends to Common per Share	$1.08	$1.10	$0.35	$0.10	$0.20	$0.30	$0.60	$0.85	$0.85

This table shows Mosaic's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	842	523	435	369	-4.20	365	45	-162	122	169	238
Consolidated Net Income / (Loss)	856	529	459	379	3.10	368	57	-151	131	166	250
Net Income / (Loss) Continuing Operations	784	471	428	366	-13	368	19	-173	126	157	250
Total Pre-Tax Income	1,061	677	546	475	-19	324	25	-74	174	190	313
Total Operating Income	1,155	701	545	369	146	279	173	233	115	100	339
Total Gross Profit	1,502	968	670	571	410	560	399	394	417	302	488
Total Revenue	5,349	4,481	3,604	3,394	3,548	3,150	2,679	2,817	2,811	2,816	2,621
Operating Revenue	5,349	4,481	3,604	3,394	3,548	3,150	2,679	2,817	2,811	2,816	2,621
Total Cost of Revenue	3,847	3,513	2,934	2,823	3,139	2,590	2,280	2,423	2,394	2,514	2,133
Operating Cost of Revenue	3,847	3,513	2,934	2,823	3,139	2,590	2,280	2,423	2,394	2,514	2,133
Total Operating Expenses	347	268	126	202	264	281	226	161	301	202	150
Selling, General & Admin Expense	125	133	128	130	120	123	107	128	148	114	123
Other Operating Expenses / (Income)	223	135	-1.90	72	144	158	120	32	153	89	27
Total Other Income / (Expense), net	-94	-23	1.40	105	-164	45	-148	-308	59	91	-26
Interest Expense	31	34	41	36	17	35	48	46	42	47	41
Other Income / (Expense), net	-63	10	43	141	-147	80	-100	-261	101	-385	15
Income Tax Expense	277	206	118	108	-5.90	-44	6.20	99	48	34	63
Other Adjustments to Consolidated Net Income / (Loss)	72	57	31	13	16	0.30	38	22	4.50	9.10	0.50
Net Income / (Loss) Attributable to Noncontrolling Interest	15	5.30	24	10	7.30	2.70	11	11	8.50	-3.30	12
Basic Earnings per Share	$2.45	$1.61	$1.30	$1.11	($0.01)	$1.12	$0.14	($0.50)	$0.38	$0.53	$0.75
Weighted Average Basic Shares Outstanding	344.20M	352.40M	335.40M	332.20M	331.50M	331.30M	322.10M	321.20M	318.40M	319.80M	317M
Diluted Earnings per Share	$2.42	$1.60	$1.28	$1.11	($0.01)	$1.12	$0.14	($0.50)	$0.38	$0.53	$0.75
Weighted Average Diluted Shares Outstanding	347.70M	356M	338.70M	333.70M	331.50M	333.20M	323.50M	321.20M	319.40M	320.70M	318.20M
Weighted Average Basic & Diluted Shares Outstanding	680.96M	672.97M	664.22M	664.56M	653.67M	321.69M	642.79M	637.28M	317.65M	316.94M	317.23M
Cash Dividends to Common per Share	$0.15	-	$0.45	$0.20	$0.20	-	$0.21	-	-	-	$0.22

This table details how cash moves in and out of Mosaic's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-238	-1,426	1,483	-1,607	-339	192	-32	-393	-94
Net Cash From Operating Activities	2,038	1,260	936	1,126	1,095	2,187	3,936	2,407	1,299
Net Cash From Continuing Operating Activities	2,038	1,260	936	1,126	1,095	2,187	3,929	2,386	1,299
Net Income / (Loss) Continuing Operations	1,002	301	-104	470	-1,091	1,635	3,614	1,209	202
Consolidated Net Income / (Loss)	1,002	301	-104	470	-1,091	1,635	3,614	1,209	202
Depreciation Expense	740	711	666	884	883	813	934	961	1,026
Amortization Expense	-	0.00	0.00	-49	-5.50	-	-	-	37
Non-Cash Adjustments To Reconcile Net Income	149	192	70	313	1,699	263	24	105	53
Changes in Operating Assets and Liabilities, net	148	56	304	-208	-390	-524	-644	112	-18
Net Cash From Investing Activities	-1,118	-1,866	-668	-1,945	-1,361	-1,322	-1,260	-1,317	-1,261
Net Cash From Continuing Investing Activities	-1,118	-1,866	-668	-1,945	-1,361	-1,322	-1,260	-1,317	-1,261
Purchase of Property, Plant & Equipment	-1,000	-843	-820	-955	-1,272	-1,289	-1,247	-1,402	-1,252
Acquisitions	-227	-244	-63	0.00	-55	0.00	0.00	-41	0.00
Purchase of Investments	0.00	-1,659	-1,676	-1,520	-573	-434	-763	-1,241	-1,530
Divestitures	54	0.90	301	13	4.00	0.00	0.00	158	0.00
Sale and/or Maturity of Investments	54	1,029	1,658	519	536	410	743	1,209	1,501
Other Investing Activities, net	1.10	-150	-68	-1.80	-0.10	-10	7.20	-0.50	19
Net Cash From Financing Activities	-893	-889	1,201	-725	-82	-682	-2,679	-1,481	-132
Net Cash From Continuing Financing Activities	-893	-889	1,201	-725	-82	-682	-2,679	-1,481	-132
Repayment of Debt	-819	-1,979	-1,138	-1,715	-1,580	-2,733	-6,268	-13,755	-18,059
Repurchase of Common Equity	-710	-75	0.00	0.00	-150	-411	-1,665	-756	-235
Payment of Dividends	-385	-385	-211	-39	-68	-135	-236	-393	-303
Issuance of Debt	1,020	1,551	2,550	1,029	1,715	1,849	3,441	11,955	17,840
Other Financing Activities, net	-	-	-	-	0.00	748	2,049	1,469	625

This table details how cash moves in and out of Mosaic's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-135	32	-277	164	-39	-241	-14	3.20	-18	-65	-26
Net Cash From Operating Activities	889	956	149	1,073	647	538	-80	847	313	219	43
Net Cash From Continuing Operating Activities	889	949	149	1,073	647	517	-80	847	313	219	43
Net Income / (Loss) Continuing Operations	856	529	459	379	3.10	368	57	-151	131	166	250
Consolidated Net Income / (Loss)	856	529	459	379	3.10	368	57	-151	131	166	250
Depreciation Expense	229	233	220	244	239	258	241	264	238	282	243
Non-Cash Adjustments To Reconcile Net Income	14	42	-47	-54	195	11	129	319	-197	-198	10
Changes in Operating Assets and Liabilities, net	-210	145	-483	503	211	-120	-506	414	141	-67	-460
Net Cash From Investing Activities	-355	-343	-221	-312	-422	-362	-388	-349	-248	-277	-341
Net Cash From Continuing Investing Activities	-355	-343	-221	-312	-422	-362	-388	-349	-248	-277	-341
Purchase of Property, Plant & Equipment	-354	-341	-322	-310	-412	-359	-383	-334	-241	-294	-341
Purchase of Investments	-34	-303	-605	-207	-228	-201	-625	-106	-431	-368	-103
Sale and/or Maturity of Investments	29	298	591	206	215	197	620	78	421	382	97
Other Investing Activities, net	3.40	1.90	-3.90	0.40	2.60	0.40	0.10	13	2.90	3.30	5.40
Net Cash From Financing Activities	-650	-573	-209	-607	-254	-411	458	-489	-138	37	272
Net Cash From Continuing Financing Activities	-650	-573	-209	-607	-254	-411	458	-489	-138	37	272
Repayment of Debt	-444	-4,919	-3,529	-2,572	-1,724	-5,931	-4,849	-3,800	-4,372	-5,038	-3,846
Repurchase of Common Equity	-602	-64	-456	-	-150	-150	-108	-52	-50	-25	0.00
Payment of Dividends	-52	-89	-152	-91	-66	-83	-78	-71	-73	-81	-71
Issuance of Debt	247	2,268	3,526	2,369	1,776	4,284	4,991	3,434	4,658	4,757	3,987
Other Financing Activities, net	202	2,232	402	-312	-90	1,469	502	0.30	-301	424	202
Other Net Changes in Cash	-20	-8.00	4.30	9.20	-10	-6.20	-3.80	-6.20	55	-	-0.40
Cash Interest Paid	2.90	-	7.90	80	4.70	-	17	77	20	-	12
Cash Income Taxes Paid	253	-	226	147	49	-	99	75	110	-	76

This table presents Mosaic's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	17,390	16,841	18,633	20,119	19,299	19,790	22,036	23,386	23,033	22,924
Total Current Assets	4,143	3,058	4,343	4,237	3,718	3,521	5,325	6,557	4,745	4,498
Cash & Equivalents	1,276	673	2,154	848	519	574	770	735	349	273
Accounts Receivable	675	628	643	839	804	881	1,532	1,700	1,269	1,113
Inventories, net	1,564	1,391	1,547	2,270	2,076	1,739	2,741	3,543	2,523	2,548
Other Current Assets	629	366	-	281	319	327	283	578	604	564
Plant, Property, & Equipment, net	8,721	9,199	0.00	11,747	11,690	11,854	12,475	12,679	13,585	13,353
Total Noncurrent Assets	4,525	4,585	1,694	4,136	3,890	4,414	4,236	4,151	4,702	5,073
Long-Term Investments	981	1,063	-	827	764	673	692	886	909	1,533
Goodwill	1,595	1,631	1,694	1,708	1,157	1,173	1,172	1,116	1,139	1,061
Noncurrent Deferred & Refundable Income Taxes	692	836	-	344	515	1,179	997	752	1,079	958
Other Noncurrent Operating Assets	1,257	1,054	-	1,258	1,454	1,389	1,375	1,396	1,576	1,520
Total Liabilities & Shareholders' Equity	17,390	16,841	10,394	20,119	19,299	19,790	22,036	23,386	23,033	22,924
Total Liabilities	7,825	7,218	754	9,515	9,931	10,035	11,288	11,192	10,600	11,309
Total Current Liabilities	2,047	1,477	754	2,484	2,592	3,147	4,787	5,534	3,874	4,171
Short-Term Debt	549	168	-	610	829	1,144	1,643	1,961	930	1,295
Accounts Payable	521	472	-	781	680	769	1,261	1,293	1,167	1,157
Accrued Expenses	978	837	754	1,093	1,082	1,233	1,884	2,280	1,777	1,720
Total Noncurrent Liabilities	5,778	5,741	0.00	7,031	7,339	6,888	6,501	5,658	6,726	7,138
Long-Term Debt	3,770	3,779	-	4,492	4,526	4,074	3,382	2,412	3,232	3,332
Noncurrent Deferred & Payable Income Tax Liabilities	977	1,009	-	1,081	1,041	1,061	1,016	1,010	1,066	943
Other Noncurrent Operating Liabilities	1,031	953	-	1,459	1,773	1,754	2,102	2,236	2,429	2,863
Total Equity & Noncontrolling Interests	9,565	9,623	9,639	10,605	9,368	9,755	10,749	12,194	12,433	11,615
Total Preferred & Common Equity	9,532	9,585	9,570	10,397	9,186	9,581	10,604	12,055	12,290	11,482
Preferred Stock	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	9,532	9,585	9,570	10,397	9,186	9,581	10,604	12,055	12,290	11,482
Common Stock	9.90	33	-	990	862	877	482	3.40	3.20	5.30
Retained Earnings	11,015	10,863	10,631	11,065	9,922	10,511	12,014	14,203	14,242	13,926
Accumulated Other Comprehensive Income / (Loss)	-1,493	-1,312	-1,062	-1,657	-1,598	-1,806	-1,892	-2,152	-1,955	-2,449
Noncontrolling Interest	33	38	-	207	182	174	144	140	143	132

This table presents Mosaic's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	23,438	23,386	22,858	23,140	22,654	23,033	22,873	22,567	23,292	22,924	23,166
Total Current Assets	6,900	6,557	5,853	5,712	5,157	4,745	4,655	4,759	4,971	4,498	4,595
Cash & Equivalents	703	735	465	626	591	349	337	322	302	273	259
Accounts Receivable	1,900	1,700	1,426	1,222	1,399	1,269	1,213	1,286	1,032	1,113	1,067
Inventories, net	3,781	3,543	3,320	3,149	2,453	2,523	2,603	2,554	2,923	2,548	2,783
Other Current Assets	516	578	642	715	713	604	503	598	715	564	486
Plant, Property, & Equipment, net	12,463	12,679	12,789	13,095	13,140	13,585	13,461	13,270	13,683	13,353	13,517
Total Noncurrent Assets	4,075	4,151	4,215	4,334	4,358	4,702	4,757	4,538	4,637	5,073	5,054
Long-Term Investments	832	886	880	893	911	909	932	954	960	1,533	1,418
Goodwill	1,106	1,116	1,119	1,139	1,115	1,139	1,118	1,106	1,117	1,061	1,065
Noncurrent Deferred & Refundable Income Taxes	753	752	764	794	802	1,079	1,120	918	994	958	1,020
Other Noncurrent Operating Assets	1,384	1,396	1,452	1,508	1,530	1,576	1,586	1,560	1,566	1,520	1,551
Total Liabilities & Shareholders' Equity	23,438	23,386	22,858	23,140	22,654	23,033	22,873	22,567	23,292	22,924	23,166
Total Liabilities	11,702	11,192	10,801	10,585	10,447	10,600	10,709	10,736	11,330	11,309	11,249
Total Current Liabilities	5,130	5,534	5,168	4,839	4,696	3,874	4,020	4,119	4,176	4,171	4,091
Short-Term Debt	1,463	1,961	2,379	1,791	1,855	930	1,600	1,272	1,269	1,295	1,652
Accounts Payable	1,200	1,293	1,027	1,233	1,106	1,167	850	1,055	1,178	1,157	936
Accrued Expenses	2,467	2,280	1,761	1,815	1,736	1,777	1,571	1,792	1,728	1,720	1,504
Total Noncurrent Liabilities	6,572	5,658	5,633	5,745	5,751	6,726	6,689	6,618	7,155	7,138	7,158
Long-Term Debt	3,329	2,412	2,409	2,423	2,402	3,232	3,222	3,194	3,197	3,332	3,330
Noncurrent Deferred & Payable Income Tax Liabilities	1,009	1,010	1,013	1,031	1,018	1,066	1,039	1,031	1,102	943	945
Other Noncurrent Operating Liabilities	2,234	2,236	2,212	2,291	2,331	2,429	2,428	2,392	2,855	2,863	2,883
Total Equity & Noncontrolling Interests	11,735	12,194	12,057	12,555	12,207	12,433	12,164	11,830	11,961	11,615	11,917
Total Preferred & Common Equity	11,581	12,055	11,894	12,405	12,050	12,290	12,019	11,681	11,809	11,482	11,771
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	11,581	12,055	11,894	12,405	12,050	12,290	12,019	11,681	11,809	11,482	11,771
Common Stock	3.40	3.40	3.30	11	3.30	3.20	3.20	3.20	4.80	5.30	12
Retained Earnings	13,858	14,203	13,997	14,365	14,157	14,242	14,109	13,907	13,915	13,926	14,094
Accumulated Other Comprehensive Income / (Loss)	-2,281	-2,152	-2,106	-1,971	-2,110	-1,955	-2,093	-2,229	-2,111	-2,449	-2,335
Noncontrolling Interest	155	140	163	150	157	143	145	150	153	132	146

This table displays calculated financial ratios and metrics derived from Mosaic's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.77%	-19.48%	3.44%	29.39%	-7.10%	-2.52%	0.00%	54.77%	-28.39%	-18.79%
EBITDA Growth	-9.13%	-45.08%	10.47%	31.82%	-112.63%	716.89%	165.22%	78.19%	-57.72%	-57.03%
EBIT Growth	-13.28%	-70.46%	44.33%	40.13%	-249.55%	133.68%	562.21%	99.69%	-69.56%	-101.65%
NOPAT Growth	4.60%	-64.20%	-136.13%	630.43%	-195.98%	326.15%	4.15%	95.16%	-67.09%	-78.13%
Net Income Growth	-2.78%	-69.93%	-134.60%	550.96%	-332.13%	161.02%	0.00%	121.07%	-66.54%	-83.29%
EPS Growth	3.73%	-69.42%	-136.47%	493.55%	-327.87%	162.95%	0.00%	135.60%	-65.21%	-84.29%
Operating Cash Flow Growth	7.99%	-38.17%	-25.77%	20.41%	-2.75%	44.48%	0.00%	79.96%	-38.84%	-46.03%
Free Cash Flow Firm Growth	156.01%	-80.98%	3,974.23%	-218.13%	98.28%	931.42%	-15.75%	137.04%	-73.37%	50.05%
Invested Capital Growth	0.52%	1.78%	-73.56%	348.46%	-4.22%	2.13%	4.27%	4.43%	2.61%	-5.87%
Revenue Q/Q Growth	-2.37%	-4.04%	3.20%	4.68%	-4.75%	4.59%	0.00%	3.46%	-8.86%	-2.91%
EBITDA Q/Q Growth	-11.58%	-11.70%	5.99%	9.79%	-116.97%	455.83%	0.00%	-3.30%	-11.94%	-35.97%
EBIT Q/Q Growth	-17.02%	-25.54%	13.27%	12.04%	-497.19%	129.83%	0.00%	-4.28%	-19.49%	-103.87%
NOPAT Q/Q Growth	-9.68%	-24.21%	-136.42%	773.49%	-3,505.18%	330.02%	0.00%	-5.73%	-11.68%	-58.13%
Net Income Q/Q Growth	-17.06%	-31.86%	-130.62%	753.55%	-3,740.85%	159.80%	0.00%	-3.55%	-11.72%	-50.04%
EPS Q/Q Growth	-15.50%	-32.54%	-131.96%	493.55%	-3,375.00%	161.40%	0.00%	-1.47%	-12.06%	-51.75%
Operating Cash Flow Q/Q Growth	19.75%	-13.41%	10.47%	-32.59%	60.05%	-2.42%	0.00%	15.40%	-14.78%	-19.70%
Free Cash Flow Firm Q/Q Growth	50.37%	213.52%	15,788.37%	-616.05%	43.35%	49.53%	195.32%	13.73%	-42.73%	187.20%
Invested Capital Q/Q Growth	0.91%	-3.46%	-75.20%	0.89%	-5.61%	9.66%	3.74%	-0.31%	2.50%	-4.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.31%	11.31%	11.37%	15.63%	10.07%	12.27%	25.90%	30.10%	16.14%	13.59%
EBITDA Margin	21.82%	14.88%	15.89%	16.19%	-2.20%	13.93%	25.95%	29.88%	17.64%	9.33%
Operating Margin	14.38%	4.45%	6.29%	9.68%	-12.29%	4.76%	19.98%	25.02%	9.77%	5.59%
EBIT Margin	13.50%	4.95%	6.91%	7.48%	-12.05%	4.16%	19.37%	24.99%	10.63%	-0.22%
Profit (Net Income) Margin	11.26%	4.21%	-1.41%	4.90%	-12.25%	7.67%	13.23%	18.90%	8.83%	1.82%
Tax Burden Percent	90.80%	124.26%	-27.86%	85.20%	86.84%	367.94%	73.49%	77.85%	91.20%	64.05%
Interest Burden Percent	91.86%	68.32%	73.03%	76.85%	117.04%	50.04%	92.94%	97.12%	91.11%	-1,314.17%
Effective Tax Rate	8.98%	-30.61%	132.33%	13.98%	0.00%	-319.79%	26.87%	26.37%	13.35%	59.19%
Return on Invested Capital (ROIC)	10.04%	3.55%	-2.01%	9.31%	-5.58%	12.76%	12.88%	24.08%	7.66%	1.70%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.12%	-1.85%	-4.17%	30.63%	-14.23%	-13.79%	8.35%	26.96%	9.42%	-0.10%
Return on Net Nonoperating Assets (RNNOA)	-0.16%	-0.41%	0.93%	-4.66%	-5.34%	-5.80%	3.07%	7.42%	2.16%	-0.02%
Return on Equity (ROE)	9.88%	3.14%	-1.08%	4.64%	-10.92%	6.96%	15.95%	31.51%	9.82%	1.68%
Cash Return on Invested Capital (CROIC)	9.52%	1.79%	114.34%	-117.76%	-1.27%	10.65%	8.70%	19.75%	5.08%	7.76%
Operating Return on Assets (OROA)	6.73%	2.07%	2.89%	3.70%	-5.45%	1.85%	11.45%	21.05%	6.27%	-0.10%
Return on Assets (ROA)	5.62%	1.76%	-0.59%	2.43%	-5.53%	3.41%	7.82%	15.91%	5.21%	0.88%
Return on Common Equity (ROCE)	9.85%	3.13%	-1.08%	4.58%	-10.71%	6.83%	15.70%	31.12%	9.71%	1.66%
Return on Equity Simple (ROE_SIMPLE)	10.51%	3.14%	-1.09%	4.52%	-11.88%	6.95%	15.42%	29.98%	9.84%	1.76%
Net Operating Profit after Tax (NOPAT)	1,164	417	-151	799	-766	1,733	1,805	3,523	1,159	254
NOPAT Margin	13.08%	5.82%	-2.03%	8.33%	-8.61%	19.97%	14.61%	18.42%	8.47%	2.28%
Net Nonoperating Expense Percent (NNEP)	11.15%	5.40%	2.16%	-21.32%	8.65%	26.55%	4.52%	-2.88%	-1.76%	1.80%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	21.27%	6.99%	1.56%
Cost of Revenue to Revenue	80.69%	88.69%	88.63%	84.37%	89.93%	87.73%	74.10%	69.90%	83.86%	86.41%
SG&A Expenses to Revenue	4.94%	4.25%	4.07%	3.56%	3.98%	4.28%	3.48%	2.60%	3.65%	4.47%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	4.94%	1.64%	5.09%	5.95%	22.37%	7.51%	5.92%	5.07%	6.37%	8.01%
Earnings before Interest and Taxes (EBIT)	1,201	355	512	718	-1,073	362	2,394	4,780	1,455	-24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,941	1,066	1,178	1,552	-196	1,209	3,207	5,714	2,416	1,038
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.88	0.96	0.87	1.00	0.83	0.90	1.34	1.17	0.92	0.68
Price to Tangible Book Value (P/TBV)	1.06	1.16	1.05	1.20	0.95	1.03	1.50	1.29	1.02	0.75
Price to Revenue (P/Rev)	0.94	1.29	1.12	1.09	0.86	1.00	1.15	0.74	0.83	0.70
Price to Earnings (P/E)	8.40	31.03	0.00	22.15	0.00	12.97	8.69	3.94	9.73	44.64
Dividend Yield	4.51%	4.17%	2.54%	0.37%	0.87%	0.88%	0.74%	1.36%	3.03%	3.42%
Earnings Yield	11.91%	3.22%	0.00%	4.52%	0.00%	7.71%	11.51%	25.35%	10.27%	2.24%
Enterprise Value to Invested Capital (EV/IC)	0.90	0.97	1.96	1.00	0.89	0.93	1.25	1.14	0.94	0.75
Enterprise Value to Revenue (EV/Rev)	1.18	1.60	0.83	1.46	1.34	1.47	1.45	0.89	1.05	0.97
Enterprise Value to EBITDA (EV/EBITDA)	5.41	10.78	5.22	9.05	0.00	10.57	5.57	2.98	5.95	10.37
Enterprise Value to EBIT (EV/EBIT)	8.74	32.38	12.00	19.57	0.00	35.37	7.47	3.56	9.88	0.00
Enterprise Value to NOPAT (EV/NOPAT)	9.02	27.57	0.00	17.59	0.00	7.38	9.90	4.83	12.41	42.43
Enterprise Value to Operating Cash Flow (EV/OCF)	5.15	9.12	6.57	12.47	10.86	8.08	8.17	4.33	5.98	8.28
Enterprise Value to Free Cash Flow (EV/FCFF)	9.51	54.72	0.72	0.00	0.00	8.84	14.66	5.89	18.70	9.32
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.45	0.41	0.00	0.48	0.57	0.53	0.47	0.36	0.33	0.40
Long-Term Debt to Equity	0.39	0.39	0.00	0.42	0.48	0.42	0.31	0.20	0.26	0.29
Financial Leverage	0.14	0.22	-0.22	-0.15	0.38	0.42	0.37	0.28	0.23	0.24
Leverage Ratio	1.76	1.78	1.84	1.91	1.97	2.04	2.04	1.98	1.88	1.91
Compound Leverage Factor	1.62	1.22	1.35	1.47	2.31	1.02	1.90	1.92	1.72	-25.11
Debt to Total Capital	31.10%	29.09%	0.00%	32.48%	36.37%	34.85%	31.86%	26.40%	25.08%	28.49%
Short-Term Debt to Total Capital	3.95%	1.24%	0.00%	3.89%	5.63%	7.64%	10.42%	11.84%	5.60%	7.97%
Long-Term Debt to Total Capital	27.15%	27.85%	0.00%	28.60%	30.74%	27.21%	21.44%	14.56%	19.47%	20.52%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.24%	0.28%	0.00%	1.32%	1.24%	1.16%	0.92%	0.84%	0.86%	0.81%
Common Equity to Total Capital	68.66%	70.63%	99.28%	66.20%	62.39%	63.99%	67.23%	72.76%	74.06%	70.70%
Debt to EBITDA	2.22	3.70	0.00	3.29	-27.32	4.32	1.57	0.77	1.72	4.46
Net Debt to EBITDA	1.06	2.07	0.00	2.21	-20.78	3.28	1.11	0.48	1.20	2.72
Long-Term Debt to EBITDA	1.94	3.55	0.00	2.89	-23.09	3.37	1.05	0.42	1.34	3.21
Debt to NOPAT	3.71	9.47	0.00	6.39	-6.99	3.01	2.78	1.24	3.59	18.24
Net Debt to NOPAT	1.77	5.31	0.00	4.29	-5.31	2.29	1.97	0.78	2.50	11.12
Long-Term Debt to NOPAT	3.24	9.07	0.00	5.62	-5.90	2.35	1.87	0.68	2.79	13.14
Altman Z-Score	2.42	2.28	8.12	2.13	1.53	1.78	2.46	3.15	2.36	1.76
Noncontrolling Interest Sharing Ratio	0.25%	0.37%	0.56%	1.37%	1.95%	1.86%	1.55%	1.24%	1.15%	1.14%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.02	2.07	5.76	1.71	1.43	1.12	1.11	1.18	1.22	1.08
Quick Ratio	0.95	0.88	3.71	0.68	0.51	0.46	0.48	0.44	0.42	0.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,104	210	8,554	-10,105	-174	1,447	1,219	2,890	769	1,154
Operating Cash Flow to CapEx	203.77%	149.47%	114.07%	118.01%	86.10%	135.20%	169.72%	315.55%	171.65%	103.79%
Free Cash Flow to Firm to Interest Expense	0.00	1.87	61.94	-60.83	-0.95	8.01	7.21	20.97	5.95	6.32
Operating Cash Flow to Interest Expense	0.00	11.21	6.77	6.78	5.99	8.76	12.93	28.56	18.60	7.11
Operating Cash Flow Less CapEx to Interest Expense	0.00	3.71	0.84	1.03	-0.97	2.28	5.31	19.51	7.77	0.26
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.42	0.42	0.49	0.45	0.44	0.59	0.84	0.59	0.48
Accounts Receivable Turnover	12.45	11.00	11.66	12.95	10.85	10.30	10.24	11.84	9.23	9.34
Inventory Turnover	4.37	4.30	4.47	4.24	3.69	3.99	4.09	4.25	3.79	3.79
Fixed Asset Turnover	0.99	0.80	0.00	0.00	0.76	0.74	1.02	1.52	1.04	0.83
Accounts Payable Turnover	13.29	12.80	0.00	0.00	10.96	10.51	9.02	10.47	9.34	8.27
Days Sales Outstanding (DSO)	29.33	33.19	31.29	28.19	33.65	35.42	35.64	30.84	39.56	39.09
Days Inventory Outstanding (DIO)	83.45	84.88	81.66	86.13	99.05	91.42	89.30	85.79	96.39	96.30
Days Payable Outstanding (DPO)	27.47	28.51	0.00	0.00	33.30	34.73	40.45	34.85	39.08	44.12
Cash Conversion Cycle (CCC)	85.31	89.56	112.95	114.32	99.40	92.11	84.48	81.77	96.88	91.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,627	11,833	3,129	14,032	13,440	13,726	14,313	14,946	15,336	14,436
Invested Capital Turnover	0.77	0.61	0.99	1.12	0.65	0.64	0.88	1.31	0.90	0.75
Increase / (Decrease) in Invested Capital	60	207	-8,704	10,903	-592	286	586	634	390	-901
Enterprise Value (EV)	10,495	11,489	6,146	14,044	11,897	12,785	17,871	17,023	14,384	10,761
Market Capitalization	8,400	9,240	8,300	10,409	7,642	8,640	14,163	14,132	11,338	7,808
Book Value per Share	$27.04	$27.37	$27.26	$26.97	$24.25	$25.27	$27.98	$35.40	$37.60	$36.15
Tangible Book Value per Share	$22.51	$22.71	$22.44	$22.54	$21.20	$22.18	$24.89	$32.13	$34.12	$32.81
Total Capital	13,883	13,570	9,639	15,707	14,723	14,973	15,774	16,568	16,594	16,242
Total Debt	4,318	3,947	0.00	5,102	5,355	5,218	5,025	4,373	4,161	4,627
Total Long-Term Debt	3,770	3,779	0.00	4,492	4,526	4,074	3,382	2,412	3,232	3,332
Net Debt	2,062	2,211	-2,154	3,428	4,072	3,971	3,564	2,752	2,904	2,821
Capital Expenditures (CapEx)	1,000	843	820	955	1,272	1,171	1,289	1,247	1,402	1,252
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,369	1,076	1,435	1,516	1,437	945	1,412	2,249	1,452	1,349
Debt-free Net Working Capital (DFNWC)	2,645	1,749	3,589	2,364	1,956	1,519	2,181	2,984	1,801	1,622
Net Working Capital (NWC)	2,096	1,581	3,589	1,753	1,127	375	538	1,023	871	327
Net Nonoperating Expense (NNE)	162	115	-46	329	324	1,068	170	-91	-50	52
Net Nonoperating Obligations (NNO)	2,062	2,211	-6,510	3,428	4,072	3,971	3,564	2,752	2,904	2,821
Total Depreciation and Amortization (D&A)	740	711	666	835	877	848	813	934	961	1,062
Debt-free, Cash-free Net Working Capital to Revenue	15.39%	15.02%	19.37%	15.81%	16.13%	10.89%	11.42%	11.76%	10.60%	12.13%
Debt-free Net Working Capital to Revenue	29.74%	24.41%	48.44%	24.65%	21.96%	17.50%	17.65%	15.60%	13.15%	14.58%
Net Working Capital to Revenue	23.57%	22.07%	48.44%	18.29%	12.65%	4.32%	4.35%	5.35%	6.36%	2.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.79	$0.85	($0.31)	$1.22	($2.78)	$1.76	$4.31	$10.17	$3.52	$0.55
Adjusted Weighted Average Basic Shares Outstanding	358.50M	350.40M	350.90M	384.80M	383.80M	379M	378.10M	352.40M	331.30M	319.80M
Adjusted Diluted Earnings per Share	$2.78	$0.85	($0.31)	$1.22	($2.78)	$1.75	$4.27	$10.06	$3.50	$0.55
Adjusted Weighted Average Diluted Shares Outstanding	360.30M	351.70M	350.90M	386.40M	383.80M	381.30M	381.60M	356M	333.20M	320.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	352.52M	350.24M	385.23M	385.47M	378.76M	758.19M	736.62M	672.97M	321.69M	316.94M
Normalized Net Operating Profit after Tax (NOPAT)	1,164	223	326	799	257	289	1,921	3,523	1,159	435
Normalized NOPAT Margin	13.08%	3.12%	4.40%	8.33%	2.89%	3.33%	15.55%	18.42%	8.47%	3.91%
Pre Tax Income Margin	12.40%	3.38%	5.05%	5.75%	-14.10%	2.08%	18.00%	24.27%	9.68%	2.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	3.16	3.71	4.32	-5.87	2.00	14.16	34.69	11.25	-0.13
NOPAT to Interest Expense	0.00	3.71	-1.09	4.81	-4.19	9.60	10.68	25.57	8.96	1.39
EBIT Less CapEx to Interest Expense	0.00	-4.34	-2.23	-1.43	-12.82	-4.48	6.54	25.64	0.41	-6.98
NOPAT Less CapEx to Interest Expense	0.00	-3.79	-7.03	-0.94	-11.15	3.12	3.06	16.52	-1.88	-5.46
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	38.40%	127.86%	-202.11%	8.19%	-6.22%	11.48%	8.26%	6.52%	32.51%	149.80%
Augmented Payout Ratio	109.22%	152.76%	-202.11%	8.19%	-19.97%	11.48%	33.39%	52.60%	95.03%	266.34%

This table displays calculated financial ratios and metrics derived from Mosaic's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	56.45%	16.67%	-8.11%	-36.83%	-33.66%	-29.72%	-25.66%	-17.01%	-20.78%	-10.59%	-2.18%
EBITDA Growth	67.53%	-17.13%	-55.00%	-54.43%	-82.01%	-34.69%	-61.06%	-68.68%	91.07%	-100.49%	89.79%
EBIT Growth	81.25%	-23.13%	-62.53%	-63.82%	-100.11%	-49.54%	-87.53%	-105.48%	18,091.67%	-179.46%	382.92%
NOPAT Growth	78.55%	-30.46%	-55.08%	-76.75%	-88.04%	-35.14%	-69.44%	-42.67%	-18.09%	-74.01%	107.12%
Net Income Growth	127.41%	-20.09%	-61.29%	-63.68%	-99.64%	-30.37%	-87.69%	-139.80%	4,116.13%	-54.97%	342.48%
EPS Growth	149.48%	-8.57%	-59.87%	-61.05%	-100.41%	-30.00%	-89.06%	-145.05%	3,900.00%	-52.68%	435.71%
Operating Cash Flow Growth	110.27%	122.05%	-70.57%	-32.33%	-27.16%	-43.70%	-153.69%	-21.04%	-51.67%	-59.25%	153.63%
Free Cash Flow Firm Growth	57.13%	-227.50%	150.33%	185.27%	138.61%	49.43%	-120.63%	287.23%	-190.60%	1,429.42%	991.79%
Invested Capital Growth	8.68%	4.43%	0.07%	1.22%	-0.20%	2.61%	1.39%	-1.51%	1.36%	-5.87%	-3.15%
Revenue Q/Q Growth	-0.46%	-16.21%	-19.57%	-5.83%	4.55%	-11.24%	-14.93%	5.12%	-0.20%	0.18%	-6.93%
EBITDA Q/Q Growth	-20.27%	-28.51%	-14.50%	-6.48%	-68.53%	159.58%	-49.02%	-24.79%	91.96%	-100.66%	19,983.33%
EBIT Q/Q Growth	-22.67%	-34.85%	-17.43%	-13.03%	-100.24%	30,000.00%	-79.60%	-138.25%	871.07%	-232.05%	223.99%
NOPAT Q/Q Growth	-30.33%	-42.89%	-12.49%	-33.22%	-64.17%	209.78%	-58.77%	25.28%	-48.81%	-1.72%	228.60%
Net Income Q/Q Growth	-17.97%	-38.27%	-13.15%	-17.41%	-99.18%	11,770.97%	-84.65%	-367.08%	186.61%	26.78%	50.88%
EPS Q/Q Growth	-15.09%	-33.88%	-20.00%	-13.28%	-100.90%	11,300.00%	-87.50%	-457.14%	176.00%	39.47%	41.51%
Operating Cash Flow Q/Q Growth	-43.93%	7.53%	-84.41%	619.93%	-39.65%	-16.88%	-114.87%	1,158.75%	-63.06%	-29.91%	-80.44%
Free Cash Flow Firm Q/Q Growth	-187.91%	57.41%	384.58%	-75.57%	30.38%	-155.78%	-16.09%	558.66%	-130.50%	918.47%	-22.12%
Invested Capital Q/Q Growth	-0.49%	-0.31%	3.71%	-1.61%	-1.89%	2.50%	2.48%	-4.43%	0.97%	-4.82%	5.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.08%	21.61%	18.60%	16.83%	11.54%	17.76%	14.90%	13.99%	14.83%	10.72%	18.63%
EBITDA Margin	24.69%	21.07%	22.39%	22.24%	6.69%	19.57%	11.73%	8.39%	16.14%	-0.11%	22.76%
Operating Margin	21.59%	15.63%	15.11%	10.88%	4.11%	8.84%	6.45%	8.28%	4.11%	3.55%	12.92%
EBIT Margin	20.40%	15.87%	16.29%	15.04%	-0.03%	11.39%	2.73%	-0.99%	7.68%	-10.12%	13.49%
Profit (Net Income) Margin	16.01%	11.79%	12.73%	11.17%	0.09%	11.68%	2.11%	-5.36%	4.65%	5.88%	9.54%
Tax Burden Percent	80.72%	78.04%	84.07%	79.88%	-16.67%	113.62%	224.21%	202.82%	75.03%	87.03%	79.92%
Interest Burden Percent	97.20%	95.25%	93.00%	92.95%	1,550.00%	90.27%	34.43%	265.71%	80.69%	-66.78%	88.49%
Effective Tax Rate	26.08%	30.42%	21.67%	22.84%	0.00%	-13.52%	24.60%	0.00%	27.55%	17.75%	20.24%
Return on Invested Capital (ROIC)	20.49%	14.22%	14.37%	9.32%	2.89%	9.08%	3.98%	4.67%	2.26%	2.18%	7.37%
ROIC Less NNEP Spread (ROIC-NNEP)	20.57%	15.52%	15.27%	12.54%	-0.41%	10.91%	1.87%	-6.01%	3.84%	5.10%	6.79%
Return on Net Nonoperating Assets (RNNOA)	5.97%	4.27%	4.57%	3.00%	-0.10%	2.51%	0.54%	-1.45%	0.95%	1.21%	1.93%
Return on Equity (ROE)	26.46%	18.49%	18.94%	12.32%	2.78%	11.59%	4.52%	3.22%	3.21%	3.39%	9.30%
Cash Return on Invested Capital (CROIC)	17.65%	19.75%	19.26%	12.36%	8.97%	5.08%	4.31%	5.83%	2.67%	7.76%	6.23%
Operating Return on Assets (OROA)	16.94%	13.36%	13.24%	10.74%	-0.02%	6.72%	1.53%	-0.53%	3.83%	-4.90%	6.48%
Return on Assets (ROA)	13.29%	9.93%	10.35%	7.98%	0.06%	6.90%	1.18%	-2.86%	2.32%	2.85%	4.58%
Return on Common Equity (ROCE)	26.09%	18.26%	18.69%	12.16%	2.75%	11.45%	4.46%	3.18%	3.17%	3.36%	9.19%
Return on Equity Simple (ROE_SIMPLE)	32.36%	0.00%	24.28%	17.92%	11.37%	0.00%	6.71%	2.37%	3.42%	0.00%	3.36%
Net Operating Profit after Tax (NOPAT)	854	487	427	285	102	316	130	163	84	82	270
NOPAT Margin	15.96%	10.88%	11.84%	8.39%	2.88%	10.04%	4.87%	5.80%	2.97%	2.92%	10.30%
Net Nonoperating Expense Percent (NNEP)	-0.08%	-1.30%	-0.91%	-3.22%	3.29%	-1.83%	2.11%	10.68%	-1.58%	-2.92%	0.58%
Return On Investment Capital (ROIC_SIMPLE)	-	2.94%	-	-	-	1.91%	-	-	-	0.51%	1.60%
Cost of Revenue to Revenue	71.92%	78.39%	81.40%	83.17%	88.46%	82.24%	85.10%	86.01%	85.17%	89.28%	81.37%
SG&A Expenses to Revenue	2.33%	2.97%	3.54%	3.83%	3.38%	3.91%	3.99%	4.56%	5.27%	4.03%	4.68%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.49%	5.98%	3.49%	5.95%	7.43%	8.92%	8.45%	5.71%	10.72%	7.17%	5.72%
Earnings before Interest and Taxes (EBIT)	1,091	711	587	511	-1.20	359	73	-28	216	-285	354
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,321	944	807	755	238	617	314	236	454	-3.00	597
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.38	1.17	1.27	0.91	0.96	0.92	0.88	0.80	0.72	0.68	0.73
Price to Tangible Book Value (P/TBV)	1.53	1.29	1.41	1.01	1.05	1.02	0.97	0.88	0.80	0.75	0.80
Price to Revenue (P/Rev)	0.86	0.74	0.81	0.67	0.77	0.83	0.82	0.76	0.74	0.70	0.77
Price to Earnings (P/E)	4.29	3.94	5.34	5.23	8.70	9.73	13.59	37.94	22.99	44.64	23.28
Dividend Yield	1.05%	1.36%	2.02%	2.78%	2.89%	3.03%	2.51%	2.84%	3.10%	3.42%	3.15%
Earnings Yield	23.30%	25.35%	18.72%	19.13%	11.49%	10.27%	7.36%	2.64%	4.35%	2.24%	4.30%
Enterprise Value to Invested Capital (EV/IC)	1.29	1.14	1.21	0.93	0.96	0.94	0.91	0.84	0.78	0.75	0.79
Enterprise Value to Revenue (EV/Rev)	1.05	0.89	1.00	0.84	0.96	1.05	1.11	1.04	1.04	0.97	1.09
Enterprise Value to EBITDA (EV/EBITDA)	3.28	2.98	3.97	3.71	5.26	5.95	7.40	8.99	7.34	10.37	9.36
Enterprise Value to EBIT (EV/EBIT)	3.88	3.56	4.93	4.89	7.98	9.88	15.12	31.35	19.18	0.00	46.86
Enterprise Value to NOPAT (EV/NOPAT)	5.19	4.83	6.26	6.90	10.99	12.41	16.02	19.38	19.63	42.43	25.62
Enterprise Value to Operating Cash Flow (EV/OCF)	5.69	4.33	5.24	4.63	5.11	5.98	6.53	6.47	7.35	8.28	8.45
Enterprise Value to Free Cash Flow (EV/FCFF)	7.64	5.89	6.29	7.57	10.74	18.70	21.17	14.32	29.58	9.32	12.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.41	0.36	0.40	0.34	0.35	0.33	0.40	0.38	0.37	0.40	0.42
Long-Term Debt to Equity	0.28	0.20	0.20	0.19	0.20	0.26	0.26	0.27	0.27	0.29	0.28
Financial Leverage	0.29	0.28	0.30	0.24	0.25	0.23	0.29	0.24	0.25	0.24	0.28
Leverage Ratio	1.99	1.98	1.94	1.93	1.93	1.88	1.89	1.87	1.90	1.91	1.91
Compound Leverage Factor	1.94	1.89	1.80	1.79	29.84	1.70	0.65	4.98	1.53	-1.28	1.69
Debt to Total Capital	29.00%	26.40%	28.43%	25.13%	25.86%	25.08%	28.39%	27.41%	27.19%	28.49%	29.48%
Short-Term Debt to Total Capital	8.85%	11.84%	14.12%	10.68%	11.27%	5.60%	9.42%	7.80%	7.73%	7.97%	9.77%
Long-Term Debt to Total Capital	20.14%	14.56%	14.30%	14.45%	14.59%	19.47%	18.97%	19.60%	19.46%	20.52%	19.71%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.94%	0.84%	0.97%	0.90%	0.95%	0.86%	0.85%	0.92%	0.93%	0.81%	0.86%
Common Equity to Total Capital	70.07%	72.76%	70.61%	73.97%	73.19%	74.06%	70.76%	71.68%	71.88%	70.70%	69.66%
Debt to EBITDA	0.81	0.77	1.01	1.10	1.55	1.72	2.51	3.18	2.76	4.46	3.88
Net Debt to EBITDA	0.55	0.48	0.73	0.70	1.00	1.20	1.85	2.27	1.98	2.72	2.57
Long-Term Debt to EBITDA	0.56	0.42	0.51	0.63	0.88	1.34	1.68	2.27	1.97	3.21	2.59
Debt to NOPAT	1.28	1.24	1.60	2.05	3.24	3.59	5.43	6.86	7.38	18.24	10.62
Net Debt to NOPAT	0.87	0.78	1.15	1.31	2.10	2.50	4.00	4.90	5.29	11.12	7.05
Long-Term Debt to NOPAT	0.89	0.68	0.80	1.18	1.83	2.79	3.63	4.90	5.28	13.14	7.10
Altman Z-Score	2.68	2.58	2.64	2.36	2.22	2.20	2.06	1.95	1.85	1.73	1.86
Noncontrolling Interest Sharing Ratio	1.41%	1.24%	1.32%	1.26%	1.30%	1.15%	1.27%	1.23%	1.28%	1.14%	1.21%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.34	1.18	1.13	1.18	1.10	1.22	1.16	1.16	1.19	1.08	1.12
Quick Ratio	0.51	0.44	0.37	0.38	0.42	0.42	0.39	0.39	0.32	0.33	0.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-343	-146	416	102	133	-74	-86	394	-120	983	765
Operating Cash Flow to CapEx	251.29%	280.68%	46.35%	345.70%	157.25%	149.93%	-20.89%	253.67%	129.94%	74.57%	12.59%
Free Cash Flow to Firm to Interest Expense	-11.22	-4.33	10.12	2.82	7.62	-2.12	-1.79	8.49	-2.88	21.05	18.81
Operating Cash Flow to Interest Expense	29.05	28.28	3.63	29.80	37.21	15.42	-1.67	18.25	7.50	4.70	1.05
Operating Cash Flow Less CapEx to Interest Expense	17.49	18.20	-4.20	21.18	13.55	5.13	-9.65	11.06	1.73	-1.60	-7.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.84	0.81	0.71	0.65	0.59	0.56	0.53	0.50	0.48	0.48
Accounts Receivable Turnover	12.40	11.84	12.72	9.69	9.11	9.23	9.68	9.73	9.43	9.34	9.71
Inventory Turnover	4.15	4.25	4.16	3.86	3.98	3.79	3.66	3.66	3.60	3.79	3.51
Fixed Asset Turnover	1.49	1.52	1.47	1.31	1.17	1.04	0.97	0.93	0.85	0.83	0.82
Accounts Payable Turnover	11.20	10.47	14.74	9.58	10.76	9.34	11.54	9.12	8.48	8.27	10.59
Days Sales Outstanding (DSO)	29.43	30.84	28.69	37.68	40.06	39.56	37.71	37.53	38.72	39.09	37.61
Days Inventory Outstanding (DIO)	88.06	85.79	87.77	94.47	91.69	96.39	99.79	99.77	101.29	96.30	103.86
Days Payable Outstanding (DPO)	32.60	34.85	24.77	38.11	33.91	39.08	31.63	40.03	43.03	44.12	34.45
Cash Conversion Cycle (CCC)	84.89	81.77	91.69	94.04	97.85	96.88	105.87	97.28	96.98	91.28	107.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,993	14,946	15,500	15,251	14,963	15,336	15,716	15,020	15,167	14,436	15,221
Invested Capital Turnover	1.28	1.31	1.21	1.11	1.00	0.90	0.82	0.81	0.76	0.75	0.72
Increase / (Decrease) in Invested Capital	1,197	634	11	183	-31	390	216	-230	204	-901	-496
Enterprise Value (EV)	19,401	17,023	18,754	14,185	14,422	14,384	14,230	12,628	11,891	10,761	12,010
Market Capitalization	15,988	14,132	15,148	11,339	11,510	11,338	10,533	9,288	8,533	7,808	8,561
Book Value per Share	$33.54	$35.40	$35.46	$37.35	$36.27	$37.60	$37.31	$36.34	$37.06	$36.15	$37.14
Tangible Book Value per Share	$30.34	$32.13	$32.13	$33.92	$32.91	$34.12	$33.84	$32.90	$33.55	$32.81	$33.78
Total Capital	16,528	16,568	16,845	16,770	16,464	16,594	16,985	16,296	16,428	16,242	16,898
Total Debt	4,793	4,373	4,788	4,214	4,257	4,161	4,821	4,466	4,467	4,627	4,981
Total Long-Term Debt	3,329	2,412	2,409	2,423	2,402	3,232	3,222	3,194	3,197	3,332	3,330
Net Debt	3,258	2,752	3,444	2,695	2,756	2,904	3,553	3,190	3,205	2,821	3,304
Capital Expenditures (CapEx)	354	341	322	310	412	359	383	334	241	294	341
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,530	2,249	2,600	2,037	1,725	1,452	1,898	1,590	1,763	1,349	1,896
Debt-free Net Working Capital (DFNWC)	3,233	2,984	3,065	2,663	2,316	1,801	2,234	1,912	2,065	1,622	2,155
Net Working Capital (NWC)	1,769	1,023	686	872	461	871	635	640	796	327	504
Net Nonoperating Expense (NNE)	-2.61	-41	-32	-94	99	-52	74	314	-47	-84	20
Net Nonoperating Obligations (NNO)	3,258	2,752	3,444	2,695	2,756	2,904	3,553	3,190	3,205	2,821	3,304
Total Depreciation and Amortization (D&A)	229	233	220	244	239	258	241	264	238	282	243
Debt-free, Cash-free Net Working Capital to Revenue	13.69%	11.76%	13.83%	12.11%	11.48%	10.60%	14.86%	13.04%	15.39%	12.13%	17.14%
Debt-free Net Working Capital to Revenue	17.49%	15.60%	16.30%	15.83%	15.41%	13.15%	17.49%	15.68%	18.02%	14.58%	19.48%
Net Working Capital to Revenue	9.57%	5.35%	3.65%	5.18%	3.06%	6.36%	4.97%	5.25%	6.94%	2.94%	4.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.45	$1.61	$1.30	$1.11	($0.01)	$1.12	$0.14	($0.50)	$0.38	$0.53	$0.75
Adjusted Weighted Average Basic Shares Outstanding	344.20M	352.40M	335.40M	332.20M	331.50M	331.30M	322.10M	321.20M	318.40M	319.80M	317M
Adjusted Diluted Earnings per Share	$2.42	$1.60	$1.28	$1.11	($0.01)	$1.12	$0.14	($0.50)	$0.38	$0.53	$0.75
Adjusted Weighted Average Diluted Shares Outstanding	347.70M	356M	338.70M	333.70M	331.50M	333.20M	323.50M	321.20M	319.40M	320.70M	318.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	680.96M	672.97M	664.22M	664.56M	653.67M	321.69M	642.79M	637.28M	317.65M	316.94M	317.23M
Normalized Net Operating Profit after Tax (NOPAT)	854	487	427	285	102	195	130	163	84	82	270
Normalized NOPAT Margin	15.96%	10.88%	11.84%	8.39%	2.88%	6.19%	4.87%	5.80%	2.97%	2.92%	10.30%
Pre Tax Income Margin	19.83%	15.11%	15.15%	13.98%	-0.52%	10.28%	0.94%	-2.64%	6.20%	6.76%	11.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	35.66	21.04	14.28	14.18	-0.07	10.28	1.53	-0.60	5.18	-6.10	8.69
NOPAT to Interest Expense	27.90	14.42	10.38	7.91	5.87	9.06	2.72	3.52	2.00	1.76	6.63
EBIT Less CapEx to Interest Expense	24.10	10.96	6.46	5.56	-23.73	0.00	-6.45	-7.80	-0.60	-12.40	0.31
NOPAT Less CapEx to Interest Expense	16.34	4.35	2.56	-0.71	-17.80	-1.22	-5.26	-3.68	-3.77	-4.54	-1.74
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.97%	6.52%	12.03%	17.32%	29.15%	32.51%	39.49%	107.88%	75.36%	149.80%	74.74%
Augmented Payout Ratio	58.13%	52.60%	70.88%	67.79%	78.07%	95.03%	90.12%	274.27%	164.51%	266.34%	106.85%

Key Financial Trends

Mosaic Co. (NYSE: MOS) reported a strong start to 2025, with sequential improvements in profitability, cash generation and return metrics, while managing its leverage. Here are the key takeaways from Q1 2025 and recent quarters:

Q1 2025 diluted EPS rose to $0.75, a 41% increase over Q4 2024’s $0.53, driven by higher operating income and stable share count.
EBITDA margin expanded sharply to 22.8% in Q1 2025 from negative territory in Q4 2024, reflecting improved cost control and stronger commodity prices.
Free cash flow to the firm reached $765 million in Q1 2025, supporting debt reduction and dividend payments.
Return on equity climbed to 9.3% in Q1 2025, up from 3.4% in Q4 2024, as earnings outpaced equity growth.
Net debt/EBITDA eased to 2.57x at the end of Q1 2025 from 2.72x in Q4 2024, indicating gradual deleveraging.
Revenue in Q1 2025 was $2.62 billion, down 2.2% sequentially, though less steep than typical Q1 seasonality and better than the double‐digit dip in Q4 2024.
The P/B ratio is still below 1.0 at 0.73, suggesting the stock trades at a discount to book value despite improved earnings.
Invested capital turnover of 0.72x in Q1 2025 remains below the 0.90–1.30x range seen in 2023–2024, pointing to ongoing capital intensity.
Operating cash flow in Q1 2025 was only $43 million, down sharply from $219 million in Q4 2024, reflecting higher working capital outflows.
The cash conversion cycle stretched to 107 days in Q1 2025, up from 91 days in Q4 2024, as inventories rose and payables fell.
Quick ratio at 0.32x in Q1 2025 remains low, indicating limited liquidity buffer beyond inventory.
Net change in cash was a modest outflow of $26 million in Q1 2025, after two quarters of net inflows.
Dividend payout ratio reached 74.7% in Q1 2025, near the high end of historical ranges and reducing retained earnings growth.

06/22/25 01:08 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Mosaic's Financials

When does Mosaic's fiscal year end?

According to the most recent income statement we have on file, Mosaic's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Mosaic's net income changed over the last 8 years?

Mosaic's net income appears to be on an upward trend, with a most recent value of $202 million in 2024, falling from $1.00 billion in 2015. The previous period was $1.21 billion in 2023. View Mosaic's forecast to see where analysts expect Mosaic to go next.

What is Mosaic's operating income?

Mosaic's total operating income in 2024 was $621.50 million, based on the following breakdown:

Total Gross Profit: $1.51 billion
Total Operating Expenses: $890.40 million

How has Mosaic's revenue changed over the last 8 years?

Over the last 8 years, Mosaic's total revenue changed from $8.90 billion in 2015 to $11.12 billion in 2024, a change of 25.0%.

How much debt does Mosaic have?

Mosaic's total liabilities were at $11.31 billion at the end of 2024, a 6.7% increase from 2023, and a 44.5% increase since 2015.

How much cash does Mosaic have?

In the past 9 years, Mosaic's cash and equivalents has ranged from $272.80 million in 2024 to $2.15 billion in 2017, and is currently $272.80 million as of their latest financial filing in 2024.

How has Mosaic's book value per share changed over the last 9 years?

Over the last 9 years, Mosaic's book value per share changed from 27.04 in 2015 to 36.15 in 2024, a change of 33.7%.

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This page (NYSE:MOS) was last updated on 6/22/2025 by MarketBeat.com Staff

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