Short answer
Mosaic Company (The) (MOS) filed its fiscal 2024 10-K annual report with the SEC on Mar 3, 2025. It reported revenue of $11.1B (−18.8% year over year) and net income of $175M.
- Top risk flagged: EPA and Florida DEP regulatory risk with Florida Clean Water Act 404 permitting program invalidated, causing potential delays in mine permitting
FY2024 key financial metrics · XBRL
- Revenue
- $11.1B
- −18.8% YoY
- Net income
- $175M
- −85.0% YoY
- Operating margin
- 5.6%
- −4.2 pp YoY
- Gross margin
- 13.6%
- −2.5 pp YoY
- EPS (diluted)
- $0.55
- −84.3% YoY
- ROE
- 1.5%
- −8.0 pp YoY
- Operating cash flow
- $1.3B
- −46.0% YoY
Source: XBRL data from the Mosaic Company (The) (MOS) FY2024 10-K on SEC EDGAR. USD.
Mosaic Company (The) FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Production and marketing of concentrated phosphate and potash crop nutrients globally
- New emphasis: Exchanged 25% interest in Ma’aden Wa’ad Al Shamal Phosphate Company for shares in Saudi Arabian Mining Company (Ma’aden) as of Dec 24, 2024
- Strategic shift: Transitioned potash mining from Esterhazy K1/K2 shafts closed June 2021 to K3 shaft, reflecting operational adjustment due to brine inflows
- Notable quantitative: Maintains 75% economic interest in Miski Mayo Phosphate Mine, Peru; operates five phosphate mines and chemical plants plus a potash mine in Brazil under Mosaic Fertilizantes
- Unusual fact: Latest filing notably incorporates numerous governance, compensation, and inducement plan amendments dated late 2023 and early 2024 documents filed with SEC
Management Discussion & Analysis
- Revenue $11.12B in 2024, down 19% YoY (from $13.70B in 2023), driven by lower sales volumes and prices across segments
- Operating earnings $621.5M, down 54% YoY (from $1.34B in 2023); gross margin 13.6% vs 16.1% in 2023
- Best performing segment: Mosaic Fertilizantes with gross margin up 92% to $406.6M despite sales drop; worst: Potash with gross margin down 47% to $643.2M, sales down 26%
- Share repurchases of $235.4M for 7.9M shares; no dividend or capex figures disclosed in excerpt
- 2025 risk: Impact of US tariffs on Canadian potash paused, tariffs unlikely to significantly affect Potash segment; foreign currency losses and commodity price volatility remain key risks
Risk Factors
- EPA and Florida DEP regulatory risk with Florida Clean Water Act 404 permitting program invalidated, causing potential delays in mine permitting
- Geopolitical risk from Russia-Ukraine conflict causing volatile pricing and supply disruption of ammonia, sulfur, natural gas inputs
- Brine inflow at Esterhazy mine led to closure of K1/K2 potash shafts, risking production and requiring costly management
- Competitive risk from fertilizer commodity pricing pressures limiting pass-through of input cost inflation, impacting margins
- Minority ownership in Ma’aden and other joint ventures with limited control and uncertain cash distributions affecting earnings
Generated from the filing text; verify against the original. How to read a 10-K
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