The Mosaic Company (MOS)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	2,210,600	2,619,500	3,711,900	4,987,100	5,755,800	5,936,000	5,298,500	4,204,500	3,200,300	2,463,100	1,953,700	1,458,400	1,064,900	734,200	659,000	629,200	897,300	1,282,800	1,498,400	1,565,800
Revenue (ttm)	US$ in thousands	14,142,000	13,242,400	16,030,200	18,535,500	19,125,200	20,318,500	17,641,300	14,700,400	12,357,400	11,172,800	10,172,900	9,354,000	8,681,700	7,900,800	8,286,100	8,475,100	8,921,500	9,698,800	9,902,100	9,758,700
Gross profit margin		15.63%	19.78%	23.16%	26.91%	30.10%	29.21%	30.03%	28.60%	25.90%	22.05%	19.20%	15.59%	12.27%	9.29%	7.95%	7.42%	10.06%	13.23%	15.13%	16.05%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,210,600K ÷ $14,142,000K
= 15.63%

The gross profit margin of Mosaic Company has shown a declining trend over the past eight quarters, reflecting a decrease in the percentage of revenue retained after accounting for the cost of goods sold. The margin decreased from 30.10% in Q4 2022 to 16.14% in Q4 2023. This downward trend indicates increasing costs relative to revenue or potential pricing pressures impacting profitability. Further analysis and investigation into the company's cost structure, pricing strategies, and competitive landscape may be warranted to address these margin declines.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

The Mosaic Company

MOS

15.63%

CF Industries Holdings Inc

38.38%

Scotts Miracle-Gro Company

SMG

24.54%

The Mosaic Company (MOS)

Gross profit margin

Peer comparison

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