The Mosaic Company stock research
FY2025 Q2
The Mosaic (MOS) Gross Margin — Quarter Ended Jun 30, 2025
Revenue increased compared to both the prior quarter and the same quarter last year, while cost of revenue also rose. Gross profit improved relative to both periods, but gross margin weakened from the prior quarter and strengthened from a year ago.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue increased compared to both the prior quarter and the same quarter last year, while cost of revenue also rose. Gross profit improved relative to both periods, but gross margin weakened from the prior quarter and strengthened from a year ago.
- Gross profit grew more than cost of revenue on a year-over-year basis, supporting margin expansion. The sequential decline in gross margin was driven by a proportionally larger increase in cost of revenue relative to revenue.
- Compared to the immediately preceding quarter, revenue was higher, cost of revenue was higher, gross profit was higher, and gross margin was lower. Compared to the same quarter one year earlier, revenue was higher, cost of revenue was higher, gross profit was higher, and gross margin was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
17.3%
Gross profit
$518.6M
Revenue
$3.0B
Cost of revenue
$2.5B
Quarter-over-quarter change
-1.4 pts
Year-over-year change
+3.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $2.8B | $416.8M | $2.4B | 14.8% |
| Dec 31, 2024 | $2.8B | $301.9M | $2.5B | 10.7% |
| Mar 31, 2025 | $2.6B | $488.4M | $2.1B | 18.6% |
| Jun 30, 2025 | $3.0B | $518.6M | $2.5B | 17.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
-1.4 pts
Year-over-year change
Jun 30, 2024
+3.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit grew more than cost of revenue on a year-over-year basis, supporting margin expansion. The sequential decline in gross margin was driven by a proportionally larger increase in cost of revenue relative to revenue.
Compared to the immediately preceding quarter, revenue was higher, cost of revenue was higher, gross profit was higher, and gross margin was lower. Compared to the same quarter one year earlier, revenue was higher, cost of revenue was higher, gross profit was higher, and gross margin was higher.
Monitor the trajectory of cost of revenue relative to revenue, as its proportionally faster growth sequentially pressured gross margin.