MOSMOSAIC CO
Agricultural Chemicals
- Revenue
- $12.1B
- 8.4% YoY
- Operating margin
- 6.8%
- 22% YoY
- EBITDA
- $1.9B
- 14% YoY
- Market cap
- $5.8B
- Employees
- 13,249
- $910K revenue each
- Net debt / EBITDA
- 2.4×
- $4.5B net debt
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo2 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$12M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo152% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo34% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo4% of assetsOver 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$910K · 71st pctBottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo2.4× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$5.8B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$491K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $12.4B | $19.1B | $13.7B | $11.1B | $12.1B | 8.4% |
| Operating income | $2.5B | $4.8B | $1.3B | $622M | $822M | 32% |
| Net income | $1.6B | $3.6B | $1.2B | $175M | $541M | 209% |
| Operating cash flow | $2.2B | $3.9B | $2.4B | $1.3B | $825M | 37% |
| Capex | $1.3B | $1.2B | $1.4B | $1.3B | $1.4B | 8.6% |
| Stock-based comp | $30M | $28M | $33M | $32M | $31M | 3.5% |
| Buybacks | $411M | $1.7B | $756M | $235M | $0 | 100% |
| Dividends | $104M | $198M | $352M | $271M | $280M | 3.6% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Nov 10, 2021 | Vale S.A. | SC 13D/A | 0.0% | Passive |
Insider trading
- Open-market buys, 12 mo
- $17K · 1
- Open-market sells, 12 mo
- $509K · 1
- Net
- −$491K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $10M | $11M | 116 | 139 |
| FY2024 | $10M | $6M | 115 | 126 |
| FY2023 | $12M | $34M | 162 | 126 |
| FY2022 | $12M | $38M | 194 | 112 |
| FY2021 | $12M | $42M | 172 | 127 |