The Mosaic Company (MOS)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,341,900 | 1,749,600 | 2,878,000 | 3,805,800 | 4,807,100 | 4,988,200 | 4,418,400 | 3,566,300 | 2,228,300 | 1,665,000 | 1,148,400 | 640,000 | 87,600 | -1,469,200 | -1,476,000 | -1,805,500 | -1,292,100 | 62,700 | 375,700 | 732,100 |
| 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 |
| Pretax margin | 9.49% | 13.21% | 17.95% | 20.53% | 25.13% | 24.55% | 25.05% | 24.26% | 18.03% | 14.90% | 11.29% | 6.84% | 1.01% | -18.60% | -17.81% | -21.30% | -14.48% | 0.65% | 3.79% | 7.50% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,341,900K ÷ $14,142,000K
= 9.49%
The pretax margin of Mosaic Company has shown a gradual decline over the past eight quarters, dropping from 25.30% in Q4 2022 to 10.12% in Q4 2023. This downward trend indicates that the company's profitability before taxes has been decreasing. The most recent pretax margin of 10.12% in Q4 2023 is the lowest level observed in the data provided. Factors contributing to this decline could include increasing operating expenses, declining revenues, or changes in the company's pricing strategies. It would be important for Mosaic Company to closely evaluate and potentially adjust its cost structure and revenue generation strategies to improve and stabilize its pretax margin in the future.
Peer comparison
Dec 31, 2023