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The Mosaic Company

MOS
28
Agricultural Inputs · Basic Materials
Also trades as: 0K3B.L
Price
$22.66
-0.45 (-1.95%)
Market Cap
$7.20B
Winston Score
28
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 12, 2026 · filings through Jun 30, 2026

Share count falling — buybacks

16.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 381.6M (2021) → 318.9M (2025)

The Mosaic Company mines and sells two key nutrients that farmers use to grow crops: potash and phosphate. These minerals go into fertilizers that help plants grow faster and produce more food. Mosaic is one of the largest producers of both potash and phosphate in the world, selling mostly to farmers and agricultural distributors across North and South America.

Mosaic makes money by mining these minerals and selling them by the ton to fertilizer blenders, distributors, and large farming operations. The company operates mines and processing plants mainly in the United States, Canada, and Brazil, with Brazil being a growing part of its business. Its competitive edge comes from owning large, long-life mineral deposits that are expensive and difficult for competitors to replicate. The main risk the company faces is that fertilizer prices are highly volatile and tied to global supply, natural gas costs, and crop commodity prices — all factors largely outside Mosaic's control.

Winston Score History

Politician Trades

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4 Congressional buys and 6 sells on MOS in the last 12 months.

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-6.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-168.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

0.6%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~3 years

$2.1B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$2.1B cash & investments at current burn rate

Revenue declining

The Mosaic Company's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
7.6%
Thin — 7.6% gross margin
Operating Margin
-1.3%
Losing money on operations — -1.3%
ROCE
-0.3%
Weak — -0.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+5.5%
Slow sales growth (+5.5% YoY)
EPS YoY
-93.9%
Earnings shrinking (-93.9% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Cash Conversion
1028%
Turns 1028% of profit into real cash
FCF Margin
-8.0%
Burning cash (-8.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.09
Conservative — low debt load (0.09)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
125.9x
Expensive — P/E 125.9

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward
+114.8
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (125.9 → 11.1)

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Dividends

Dividend Yield
3.87%
Moderate income — 3.87% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth
+2.3%
Dividend flat

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