Mosaic (MOS) FY2024 results: revenue $11.1 billion, down 18.8% on the year
Mosaic Co. (MOS) reported revenue of $11.1 billion for fiscal 2024, the year ended 31 December 2024, down 18.8% on the year before. Net income was $175 million, down 85.0%, and diluted earnings per share $0.55. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.
Revenue
$11.1 billion
-18.8% on the year
FY2017FY2024
Operating margin
5.6%
9.8% a year earlier
FY2017FY2024
Net income
$175 million
-85.0% on the year
FY2017FY2024
Diluted EPS
$0.55
-84.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,299
2,407
3,936
-46.0%
Capital expenditure
1,252
1,402
1,247
-10.7%
Free cash flow
47.4
1,005
2,688
-95.3%
Free cash flow margin
0.4%
7.3%
14.1%
Cash from investing
-1,261
-1,317
-1,260
Cash from financing
-132
-1,480
-2,679
Depreciation and amortisation
1,026
961
934
+6.8%
Share-based compensation
31.8
33.0
27.9
-3.6%
Buybacks
235
756
1,665
-68.9%
Dividends paid
271
352
198
-23.0%
Dividend per share
$0.85
$0.85
$0.60
0.0%
Diluted shares, weighted
321m
333m
356m
-3.8%
Shares outstanding at period end
317m
324m
339m
-2.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
11,482
12,290
12,055
-6.6%
Non-controlling interest
132
143
140
-7.2%
Debt
4,627
4,161
4,373
+11.2%
Operating lease liabilities
181
168
135
+7.8%
Finance lease liabilities
114
67.3
123
+69.7%
Other liabilities
6,387
6,203
6,560
+3.0%
Total liabilities and equity
22,924
23,033
23,386
-0.5%
Fixed assets
13,353
13,585
12,679
-1.7%
Goodwill
1,061
1,139
1,116
-6.8%
Securities held for sale or to maturity
695
684
650
+1.7%
Cash and equivalents
273
349
735
-21.8%
Receivables
1,113
1,269
1,700
-12.3%
Inventory
2,548
2,523
3,543
+1.0%
Other assets
3,881
3,484
2,962
+11.4%
Total assets
22,924
23,033
23,386
-0.5%
10-K for the year ended 31 December 2024, filed 3 March 2025: the filing.