The Mosaic Company stock research
FY2025 Q4
The Mosaic (MOS) Gross Margin — Quarter Ended Dec 31, 2025
Revenue decreased compared to the prior quarter, while gross profit and gross margin both declined. Versus the same quarter last year, revenue and gross profit were higher, and gross margin improved.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue decreased compared to the prior quarter, while gross profit and gross margin both declined. Versus the same quarter last year, revenue and gross profit were higher, and gross margin improved.
- Gross margin weakened from the prior quarter as cost of revenue fell less proportionally than revenue. Compared to a year ago, gross margin strengthened, with gross profit growing faster than cost of revenue relative to revenue.
- Sequentially, revenue and gross profit were lower, and gross margin declined. Year-over-year, revenue and gross profit were higher, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
11.5%
Gross profit
$342.6M
Revenue
$3.0B
Cost of revenue
$2.6B
Quarter-over-quarter change
-4.5 pts
Year-over-year change
+0.8 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 |
|---|---|---|---|---|
| Mar 31, 2025 | $2.6B | $488.4M | $2.1B | 18.6% |
| Jun 30, 2025 | $3.0B | $518.6M | $2.5B | 17.3% |
| Sep 30, 2025 | $3.5B | $552.3M | $2.9B | 16.0% |
| Dec 31, 2025 | $3.0B | $342.6M | $2.6B | 11.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
-4.5 pts
Year-over-year change
Dec 31, 2024
+0.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin weakened from the prior quarter as cost of revenue fell less proportionally than revenue. Compared to a year ago, gross margin strengthened, with gross profit growing faster than cost of revenue relative to revenue.
Sequentially, revenue and gross profit were lower, and gross margin declined. Year-over-year, revenue and gross profit were higher, and gross margin improved.
Monitor the relationship between revenue and cost of revenue changes, as the sequential margin decline was driven by a proportionally smaller reduction in costs.