The Mosaic Company MOS

NYSE | Producer | Fertilizers
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Updated: 16 Sep 2026 Base analysis: 5 Aug 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Partly clear

Wait for clearer signs of margin improvement before considering any position increase.

Weak profitability, elevated debt and uncertainty around input costs justify the HOLD signal.

Market sentiment Negative ↓
Trend: Declining

Market sentiment remains predominantly negative following the earnings miss and focuses on cost pressures and production cuts.

Risk assessment Medium
Dilution: Low No issuance announced and access to credit facilities
Jurisdiction: Medium Significant operations in Brazil with currency and competitive risk
Execution: Medium Dependent on external commodity prices the company cannot control

HOLD is the call. Negative is the market mood. Medium risk means some things can go wrong.

Latest change
  • 16 Aug 2026 — Report shows net loss of USD 273M driven by high sulfur costs and production cuts.

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About the company

The Mosaic Company is a leading producer of phosphate and potash fertilizers with operations in North America and Brazil. The company is in a mature phase and is heavily influenced by commodity prices and agricultural demand.

Sector: Fertilizers
Type: Producer
Next report (Q3)
15 Nov 2026
Catalysts
◐
Nov 2026
Q3 report High
Bull case

Stabilized fertilizer prices and successful production adjustments could improve margins in coming quarters.

Bear case

Elevated sulfur costs and continued losses in the Brazil segment further pressure profitability.

Sensitivity analysis
Factor If it weakens If it strengthens
Sulfur price Higher sulfur costs → continued production curtailments and lower gross margins. Lower sulfur costs → restart of full capacity and improved margins.
Fertilizer prices (phosphate/potash) Lower fertilizer prices → reduced demand and lower volumes across segments. Higher fertilizer prices → strengthened profitability and improved cash flow.
Why this signal

Weak profitability, elevated debt and uncertainty around input costs justify the HOLD signal.

Recent news
  • Mosaic completed tender offers for notes maturing 2027–2029 and issued new senior notes to refinance debt. The company also announced a pre-feasibility study for rare earth extraction in Brazil with Rainbow Rare Earths and declared a quarterly dividend of $0.22. At the same time, a WARN notice was filed for 206 layoffs in Louisiana due to sulfur shortages affecting phosphate production.

Key figures

Revenue
Q2 2026
USD 2.8B
Revenue TTM
TTM
USD 12.4B
EBITDA
Q2 2026
USD 407M
Net income
Q2 2026
USD -273M
Cash
Q2 2026
USD 288M
Total debt
Q2 2026
USD 5.6B
Exchange
NYSE
Type
Producer
Sector
Fertilizers
The Mosaic Company MOS
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