The Mosaic Company (MOS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,164,900 | 3,582,800 | 1,630,600 | 666,100 | -1,067,400 |
| Revenue | US$ in thousands | 13,696,100 | 19,125,200 | 12,357,400 | 8,681,700 | 8,906,300 |
| Net profit margin | 8.51% | 18.73% | 13.20% | 7.67% | -11.98% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,164,900K ÷ $13,696,100K
= 8.51%
The net profit margin of Mosaic Company has displayed variability over the past five years. In 2023, the net profit margin stands at 8.51%, a decrease from the previous year's margin of 18.73% but still above the 2021 level of 13.20%. The margin in 2020 was 7.67%, indicating a modest improvement from the significant negative margin of -11.98% in 2019.
The decreasing trend from 2022 to 2023 could imply that Mosaic Company's profitability may have been impacted by factors such as increased costs, pricing pressures, or changes in revenue streams. However, the company's ability to maintain positive net profit margins in recent years, despite fluctuations, suggests a degree of operational efficiency and cost management within the organization. Further investigation into the specific factors influencing these fluctuations would provide valuable insights into the company's financial performance and strategies.
Peer comparison
Dec 31, 2023