Mosaic Co. (MOS) intrinsic value & 10-year financials
Mosaic Co. (MOS) has a Graham intrinsic value of $35.93 per share. At $18.82 on Oct 17, 2026, the stock trades 48% below that value. Over the last 10 fiscal years revenue grew 6.0% a year to $12.1B, with an average return on invested capital of 5.7%.
- Graham intrinsic value
- $35.93
- Share price (Oct 17, 2026)
- $18.82
- Price vs Graham value
- 48% below
- Market cap
- $6.0B
- Revenue (FY2025)
- $12.1B
- Revenue growth (10-yr CAGR)
- 6.0%
- ROIC (10-yr avg)
- 5.7%
- Free cash flow (FY2025)
- -$534.6M
MOS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $12.1B | $540.7M | $1.70 | -$534.6M | 6.8% | 2.7% |
| FY2024 | $11.1B | $174.9M | $0.55 | $47.4M | 5.6% | 2.1% |
| FY2023 | $13.7B | $1.2B | $3.50 | $1.0B | 9.8% | 7.7% |
| FY2022 | $19.1B | $3.6B | $10.06 | $2.7B | 25.0% | 25.0% |
| FY2021 | $12.4B | $1.6B | $4.27 | $898.4M | 20.0% | 13.2% |
| FY2020 | $8.7B | $666.1M | $1.75 | $412.0M | 4.8% | 3.1% |
| FY2019 | $8.9B | -$1.1B | -$2.78 | -$176.8M | -12.3% | -6.6% |
| FY2018 | $9.6B | $470.0M | $1.22 | $455.3M | 9.7% | 6.0% |
| FY2017 | $7.4B | -$107.2M | -$0.31 | $115.4M | 6.3% | 1.8% |
| FY2016 | $7.2B | $297.8M | $0.85 | $417.1M | 4.5% | 2.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Mosaic Company (The) has demonstrated mature, steady growth, with revenue compounding at 6.0% annually over the past decade.
Mosaic Company (The) has historically struggled to out-earn its cost of capital, averaging just 5.7% ROIC.
Mosaic Company (The) has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Mosaic Company (The) is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $35.93 per share.