10-K · February 27, 2026
Mosaic highlights scale and market position as a leading phosphate and potash producer (approximately 10% of global phosphate and 12% of global potash production) while reporting a volatile 2025 with a Q4 earnings and…
Earnings analysis · 10-Q
MOS earnings analysis
Filed May 11, 2026 · Our reading of the company's report
The latest report
Mosaic Company reported Q1 2026 earnings with a significant net loss of $258 million, resulting in an EPS of $(0.81), markedly below analyst expectations of $0.21. While revenue of $3.0 billion exceeded estimates, costs…
Read full summary
Mosaic Company reported Q1 2026 earnings with a significant net loss of $258 million, resulting in an EPS of $(0.81), markedly below analyst expectations of $0.21. While revenue of $3.0 billion exceeded estimates, costs surged dramatically due to volatile input prices, particularly sulfur.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.81
- Segment
- Potash
- Segment
- Phosphate
- Segment
- Mosaic Fertilizantes
What stood out
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Revenue Growth YoY
Net sales increased to $2,998 million, up 14% from $2,621 million in Q1 2025.
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EPS Misses Expectations
The diluted EPS came in at $(0.81), missing consensus estimates of $0.21 by a significant margin.
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Phosphate Segment Losses
The Phosphate segment experienced an operating loss of $(48) million compared to a profit of $139 million a year prior.
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Increased Operating Cash Flow
Operating cash flow improved to $104.2 million from $42.9 million in Q1 2025.
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Surge in Material Costs
Raw material costs increased significantly with sulfur prices up 141% to $379 per long ton.
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Higher Capex Spending
Capital expenditures rose to $356.8 million, reflecting an increase in investment.
What to watch
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Major Losses Due to One-Time Charges
The company incurred a $232.6 million impairment charge related to the divesture of the Araxá mining complex.
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Withdrawal of Phosphate Guidance
Mosaic withdrew its phosphate production guidance amidst ongoing raw material constraints.
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Geopolitical Risk Impacting Supply Costs
Escalating geopolitical tensions have disrupted fertilizer supply chains, leading to increased input costs.
Management's outlook
Guidance for future earnings or revenue was not provided; management emphasized uncertainty related to raw material costs and geopolitical conditions.
Earlier filings 4
10-Q · November 5, 2025
Mosaic reported a strong quarter with net sales of $3,452.1 million (up $641.2 million, +22.8% vs Q3 2024) and diluted EPS of $1.29 (vs $0.38 in Q3 2024). Gross margin improved to $552.3 million (16.0% of sales) and…
10-Q · May 7, 2025
Mosaic reported Q1 net sales of $2,620.9 million (down from $2,679.4 million year‑over‑year) but delivered a strong earnings beat driven by margin expansion and non‑operational items: diluted EPS was $0.75 versus $0.14…
10-K · March 3, 2025
Mosaic emphasizes market leadership in phosphate and potash with scale in North America and Brazil, completed a $1.5 billion Ma’aden share exchange (pre-tax gain ~ $0.5 billion) in 2024, and returned capital via $235.4…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.