Mosaic Valuation Multiples

Mosaic is valued at $7.1B as of November 2026, a 1.1x revenue multiple. In the last 12 months, Mosaic revenue was $12B and Mosaic EBITDA was $1.7B.

Mosaic Overview

About Mosaic

The Mosaic Company is a US-listed producer of concentrated phosphate and potash crop nutrients. It mines and processes mineral resources and supplies fertiliser products to agricultural customers and distributors across global markets. Revenue comes from the sale of commodity and value-added crop-nutrition products, supported by mining, processing and logistics assets. The company was created in 2004 and operates major assets in the United States and Canada, making it a direct operating exposure to agricultural inputs and resources. The Mosaic Company serves B2B customers through activities spanning Chemicals, Agriculture and Metals & Mining. Its commercial model generates revenue through Product sales and Wholesale Distribution, supported by sector expertise, operating execution and customer relationships.


Founded

2004

HQ

United States

Employees

13.8K

Financials (LTM)

Revenue: $12B
EBITDA: $1.7B

EV

$13B

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Mosaic Financials

Mosaic reported last 12-month revenue of $12B and EBITDA of $1.7B.

In the same LTM period, Mosaic generated $1.4B in gross profit, $1.7B in EBITDA, and $189M in net income.

Revenue (LTM)


Mosaic P&L

In the most recent fiscal year, Mosaic reported revenue of $12B and EBITDA of $2.5B.

Mosaic is profitable as of last fiscal year, with gross margin of 16%, EBITDA margin of 20%, and net margin of 4%.

See analyst estimates for Mosaic
LTMLast FY202320242025202620272028
Revenue$12B$12B$14B$11B$12B
Gross Profit$1.4B$1.9B$2.2B$1.5B$1.9B
Gross Margin11%16%16%14%16%
EBITDA$1.7B$2.5B$2.5B$1.6B$2.5B
EBITDA Margin14%20%18%14%20%
EBIT Margin4%9%10%6%9%
Net Profit$189M$541M$1.2B$175M$541M
Net Margin2%4%9%2%4%
Net Debt-$4.8B---

Financial data powered by Morningstar, Inc.

Mosaic Stock Performance

Mosaic has current market cap of $7.1B, and enterprise value of $13B.

Market Cap Evolution


Mosaic's stock price is $22.33.

Mosaic share price increased by 21.4% in the last 30 days, and decreased by 8.8% in the last year.

Mosaic has an EPS (earnings per share) of $1.70.

See more trading valuation data for Mosaic
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$13B$7.1B3.3%21.4%-7.4%-8.8%$1.70

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Mosaic Valuation Multiples

Mosaic trades at 1.1x EV/Revenue multiple, and 7.9x EV/EBITDA.

See NTM and 2027E valuation multiples for Mosaic

EV / Revenue (LTM)


Mosaic Financial Valuation Multiples

As of November 6, 2026, Mosaic has market cap of $7.1B and EV of $13B.

Mosaic has a P/E ratio of 37.6x.

LTMLast FY202320242025202620272028
EV/Revenue1.1x1.1x1.0x1.2x1.1x
EV/EBITDA7.9x5.4x5.3x8.4x5.4x
EV/EBIT28.1x12.2x9.8x21.1x12.2x
EV/Gross Profit9.5x6.9x5.9x8.7x6.9x
P/E37.6x13.1x6.1x40.6x13.1x
EV/FCF(54.9x)(24.6x)13.1xn/m(24.6x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Mosaic Margins & Growth Rates

Mosaic grew revenue by 1% but EBITDA decreased by 37% in the last fiscal year.

In the most recent fiscal year, Mosaic reported gross margin of 16%, EBITDA margin of 20%, and net margin of 4%.

See estimated margins and future growth rates for Mosaic

Mosaic Margins

Last FY202420252026202720282029
Gross Margin16%14%16%11%
EBITDA Margin20%14%20%13%
EBIT Margin9%6%9%3%
Net Margin4%2%4%1%
FCF Margin(4%)0%(4%)(2%)

Mosaic Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth1%(19%)8%1%
Gross Profit Growth(33%)(32%)26%(33%)
EBITDA Growth(37%)(37%)56%(37%)
EBIT Growth(71%)(54%)74%(71%)
Net Profit Growth(83%)(85%)209%(83%)
FCF Growth(65%)(95%)(1228%)(65%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Mosaic Operational KPIs

Mosaic's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.1M for the same period.

Mosaic's Rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Mosaic's Rule of X is 14% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Mosaic
LTMLast FY202320242025202620272028
Rule of 4020%13%---
Bessemer Rule of X29%14%---
Revenue per Employee-$0.9M---
Opex per Employee-$0.1M---
S&M Expenses to Revenue4%4%--4%
Opex to Revenue-7%6%8%7%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Mosaic Competitors

Mosaic competitors include Corteva, Coromandel International, Tongwei, SalMar, Fertilisers and Chemicals Travancore, Fertiglobe, UPL, Vinamilk, ScottsMiracle-Gro and Oman India Fertiliser Company.

Most Mosaic public comparables operate across Agriculture.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Corteva$17B$2.9B0.6x0.6x3.7x2.6x
Coromandel International$2.1B$346M3.0x1.8x18.6x18.7x
Tongwei$13B$464M1.6x1.6x43.1x18.3x
SalMar$2.9B$546M3.7x3.3x20.0x12.5x
Fertilisers and Chemicals Travancore$333M$9M16.8x-643.7x-
Fertiglobe$2.8B$1B2.3x1.8x6.3x5.4x
UPL$5.4B$924M1.6x1.5x9.2x7.9x
Vinamilk$2.5B$505M1.7x1.5x8.2x7.5x

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Mosaic VC Funding History

Before going public, Mosaic raised funding across 1 round.

Last private valuation of Mosaic was $1.1B, after raising a round in May 2011 from Temasek.


Mosaic Funding Rounds

DateStageInvestorsRaisedValuationRev. MultipleDeal Summary
May-11Strategic investmentTemasek-$1.1BTemasek invested S$1.3 billion in The Mosaic Company during the financial year ended 31 March 2012. Temasek Review 2012 described Mosaic as a leading potash and phosphate producer with assets in the United States and Canada and linked the transaction to increased resources exposure. The investment occurred in the context of Mosaic shares being distributed and sold after Cargill's separation from the company, creating a discrete strategic block opportunity rather than routine portfolio trading. Mosaic mines, processes and sells crop nutrients used by agricultural customers globally. The Mosaic Company is a US-listed producer of concentrated phosphate and potash crop nutrients.

Acquisitions by Mosaic

Mosaic has acquired 3 companies to date.

Last acquisition by Mosaic was on February 24th 2022. Mosaic acquired Plant Response for undisclosed valuation.

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Latest Acquisitions by Mosaic

Plant Response
Vale Fertilizantes
Archer Daniels Midland (fertilizer distribution unit)
Description
Plant Response was an agricultural-biotechnology company that developed biological products intended to improve crop performance, nutrient use and resilience. The business originated from Spanish plant-science research and later operated from Durham, North Carolina, while commercializing products for international agriculture markets. Its technologies included biostimulants, biological crop inputs and approaches based on plants' natural responses to environmental stress. Plant Response served growers, agricultural distributors and crop-input companies through product sales, research partnerships and technology development. The company combined laboratory discovery with field testing across row crops and specialty agriculture. In 2019 it combined with Koch Biological Solutions to form Plant Response Biotech, bringing together complementary biological-product portfolios and research teams. Mosaic later acquired the combined business as part of its strategy in soil health and biological crop nutrition.
Vale Fertilizantes operates as Mosaic Fertilizantes P&K Ltda., a São Paulo-based producer and distributor of phosphate and potash fertilizers. The company supplies raw materials to blenders serving Brazilian agriculture, processing over 10 million tons annually from mines in Goiás. Acquired by Mosaic Co. in 2018 after purchasing assets from Vale S.A. in 2011, it supports soybean and corn farmers across South America.
-
HQ CountryUnited StatesBrazilUnited States
HQ City
Durham, NC
Uberaba
-
Deal Date24 Feb 202219 Dec 201615 Apr 2014
Valuationundisclosed$2.5B$350M
EV/Revenue
EV/EBITDA

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Investments by Mosaic

Mosaic has invested in 2 companies to date.

Latest investment by Mosaic was on May 4th 2026. Mosaic invested in SugaROx in their $3M Series A round (EV/Revenue multiple available to Pro users).

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Latest Investments by Mosaic

SugaROx
SugaROx
Gênica
Description
SugaROx is an Oxford, United Kingdom-headquartered agtech company spun out from Rothamsted Research in 2021. The firm develops foliar spray biostimulants that deliver trehalose-6-phosphate mimics to enhance crop photosynthesis and stress tolerance in wheat and maize. SugaROx's platform activates plant signaling pathways to boost yields by targeting SnRK1 enzyme regulation, with field trials conducted in the UK and Brazil.
SugaROx is an Oxford, United Kingdom-headquartered agtech company spun out from Rothamsted Research in 2021. The firm develops foliar spray biostimulants that deliver trehalose-6-phosphate mimics to enhance crop photosynthesis and stress tolerance in wheat and maize. SugaROx's platform activates plant signaling pathways to boost yields by targeting SnRK1 enzyme regulation, with field trials conducted in the UK and Brazil.
Gênica is a Brazilian producer of biological crop inputs with a biofactory in Piracicaba, in the state of Sao Paulo. It was founded in 2015 by Fernando Reis with scientific support from Professor Carlos Labate of the ESALQ agricultural school of the University of Sao Paulo, and began selling biological solutions to soybean and corn growers in Mato Grosso in 2016. It sells 18 products, with about 75% of revenue from biopesticides, 15% from soil inoculants and 10% from biostimulants. Revenue was R$130 million in 2023, double the previous year, and EBITDA has been positive since 2019. Shareholders include SP Ventures since 2017, Nitro Quimica since 2020, The Mosaic Company since 2022, and Mitsubishi, Vox Capital and Banco do Brasil through a R$68 million Series C in June 2024, after which the company said its biological inputs were used across nine million hectares. It expected revenue of R$230 million in 2024.
HQ CountryUnited KingdomUnited KingdomBrazil
HQ City
St Albans
St Albans
Piracicaba
Deal Date4 May 202619 Aug 202510 May 2022
RoundSeries ASeedSeries A
Raised$3M$1M$6M
InvestorsMosaicFuture Planet Capital; Regenerate Ventures; MosaicNitro; Mosaic; SP Ventures
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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About Mosaic

When was Mosaic founded?Mosaic was founded in 2004.
Where is Mosaic headquartered?Mosaic is headquartered in United States.
How many employees does Mosaic have?As of today, Mosaic has over 13K employees.
Who is the CEO of Mosaic?Mosaic's CEO is Bruce M. Bodine.
Is Mosaic publicly listed?Yes, Mosaic is a public company listed on NYSE.
What is the stock symbol of Mosaic?Mosaic trades under MOS ticker.
When did Mosaic go public?Mosaic went public in 1988.
Who are competitors of Mosaic?Mosaic main competitors include Corteva, Coromandel International, Tongwei, SalMar, Fertilisers and Chemicals Travancore, Fertiglobe, UPL, Vinamilk, ScottsMiracle-Gro, Oman India Fertiliser Company.
What is the current market cap of Mosaic?Mosaic's current market cap is $7.1B.
What is the current revenue of Mosaic?Mosaic's last 12 months revenue is $12B.
What is the current revenue growth of Mosaic?Mosaic revenue growth (NTM/LTM) is 6%.
What is the current EV/Revenue multiple of Mosaic?Current revenue multiple of Mosaic is 1.1x.
What is the current EBITDA of Mosaic?Mosaic's last 12 months EBITDA is $1.7B.
What is Mosaic's EBITDA margin?Mosaic's last 12 months EBITDA margin is 14%.
What is the current EV/EBITDA multiple of Mosaic?Current EBITDA multiple of Mosaic is 7.9x.
What is the current FCF of Mosaic?Mosaic's last 12 months FCF is ($239M).
What is Mosaic's FCF margin?Mosaic's last 12 months FCF margin is (2%).
What is the current EV/FCF multiple of Mosaic?Current FCF multiple of Mosaic is (54.9x).
How many companies Mosaic has acquired to date?As of November 2026, Mosaic has acquired 3 companies.
What was the largest acquisition by Mosaic?$2.5B acquisition of Vale Fertilizantes on 19th December 2016 was the largest M&A Mosaic has done to date.
What companies Mosaic acquired?Mosaic acquired Vale Fertilizantes, Archer Daniels Midland (fertilizer distribution unit), and Plant Response.
In how many companies Mosaic has invested to date?As of November 2026, Mosaic has invested in 2 companies.
What was the last Mosaic investment?On 4th May 2026 Mosaic invested in SugaROx, participating in a $3M Series A round.
In what companies Mosaic invested in?Mosaic invested in Gênica and SugaROx.

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