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MOS

Latest: Q2 FY26 · Thesis page →
Revenue$2.8B-6.0% YoY
Net income$-272.8M-166.4% YoY
Free cash flow$-152.9M-150.1% YoY
Gross margin7.6%-9.7 pts vs a year ago

Revenue vs Net income

Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.

■ Revenue   ■ Net income
$0$1.1B$2.2B$3.2BQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Margin trend

Gross, operating and net margin. Margins are derived from reported dollars.

● Gross margin   ● Operating margin   ● Net margin
-17%-4%10%23%Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Revenue YoY growth

Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).

+14%-6%Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Income statement

From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.

Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue——$2.6B$3.0B——$3.0B$2.8B
YoY——————+14.4%-6.0%
Cost of goods sold$2.4B$2.5B$2.1B$2.5B$2.9B$2.6B$2.8B$2.6B
YoY————+21.1%+4.7%+29.5%+4.9%
Gross profit$416.8M$301.9M$488.4M$518.6M$552.3M$342.6M$235.6M$214.7M
YoY————+32.5%+13.5%-51.8%-58.6%
Research & development————————
YoY————————
Selling, general & administrative$148.2M$113.5M$122.6M$167.2M$125.5M$118.6M$135.9M$131.6M
YoY————-15.3%+4.5%+10.8%-21.3%
Operating income$115.4M$99.9M$338.5M$244.4M$339.8M$-101.2M$-372.9M$-35.5M
YoY————+194.5%-201.3%-210.2%-114.5%
Pretax income————————
YoY————————
Income tax$48.0M$33.8M$63.3M$146.0M$175.5M$255.0M$-31.0M$-33.8M
YoY————+265.6%+654.4%-149.0%-123.2%
Net income$122.2M$169.0M$238.1M$410.7M$411.4M$-519.5M$-257.6M$-272.8M
YoY————+236.7%-407.4%-208.2%-166.4%
EPS — basic$0.38—$0.75$1.29$1.30—$-0.81$-0.86
YoY————+242.1%—-208.0%-166.7%
EPS — diluted$0.38—$0.75$1.29$1.29—$-0.81$-0.86
YoY————+239.5%—-208.0%-166.7%
Weighted shares — basic318.4M—317.0M317.3M317.4M—317.5M317.9M
Weighted shares — diluted319.4M—318.2M319.0M319.4M—317.5M317.9M

Balance sheet

Point-in-time values at each quarter (or fiscal year) end.

Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Cash & equivalents$301.6M$272.8M$259.2M$286.2M$153.3M$276.6M$281.8M$294.0M
YoY————-49.2%+1.4%+8.7%+2.7%
Marketable securities (current)————————
YoY————————
Accounts receivable$1.0B$1.1B$1.1B$1.1B$1.1B$1.1B$1.0B$860.1M
YoY————+2.8%-3.1%-4.8%-22.8%
Inventory$2.9B$2.5B$2.8B$3.1B$3.3B$3.4B$3.4B$3.7B
YoY————+12.2%+32.0%+23.0%+19.6%
Total current assets$5.0B$4.5B$4.6B$5.0B$5.1B$5.2B$5.3B$5.4B
YoY————+2.1%+16.4%+16.2%+8.2%
Total assets$23.3B$22.9B$23.2B$24.3B$24.7B$24.5B$24.6B$24.6B
YoY————+5.9%+6.8%+6.1%+1.4%
Total current liabilities$4.2B$4.2B$4.1B$4.4B$4.4B$4.0B$4.3B$4.1B
YoY————+6.6%-4.5%+4.8%-8.0%
Total liabilities————————
YoY————————
Total equity$11.8B$11.5B$11.8B$12.4B$12.8B$12.1B$11.8B$11.5B
YoY————+8.2%+5.2%+0.3%-7.8%
Shares outstanding317.9M316.9M317.2M317.3M317.4M317.4M317.8M317.9M
YoY————-0.2%+0.2%+0.2%+0.2%

Cash flow

Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.

Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Operating cash flow$312.9M$219.3M$42.9M$609.5M$228.5M$-56.1M$104.2M$167.4M
YoY————-27.0%-125.6%+142.9%-72.5%
Capital expenditures$240.8M$294.1M$340.8M$304.6M$364.4M$349.6M$356.8M$320.3M
YoY————+51.3%+18.9%+4.7%+5.2%
Free cash flow$72.1M$-74.8M$-297.9M$304.9M$-135.9M$-405.7M$-252.6M$-152.9M
YoY————-288.5%-442.4%+15.2%-150.1%
Dividends paid————————
YoY————————
Share repurchases$50.0M$25.0M$0$0$0$0——
YoY————-100.0%-100.0%——

Margins & ratios

Derived from the reported dollars above — no separate source.

Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Gross margin——18.6%17.3%——7.9%7.6%
Operating margin——12.9%8.1%——-12.4%-1.3%
Net margin——9.1%13.7%——-8.6%-9.7%
Free cash flow margin——-11.4%10.1%——-8.4%-5.4%
Effective tax rate————————
Current ratio1.19x1.08x1.12x1.14x1.14x1.32x1.25x1.34x
Total liabilities / equity————————

Peer comparison — latest full year

Same sector (Materials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.

TickerRevenueRevenue YoYGross marginOperating marginNet marginFCF margin
MOS FY25 · this stock$12.1B+8.4%15.8%6.8%4.5%-4.4%
DOW FY25$40.0B-7.0%————
LIN FY25$34.0B+3.0%—26.3%20.3%15.0%
NUE FY25$32.5B+5.7%——5.4%-0.6%
FCX FY25$25.9B+1.8%—25.2%——
SHW FY25$23.6B+2.1%48.8%—10.9%—
NEM FY25$22.7B+21.3%——31.3%—
STLD FY25$18.2B+3.6%13.2%8.1%6.5%2.8%
CTVA FY25$17.4B+2.9%——6.3%—
ECL FY25$16.1B+2.2%—17.0%12.9%11.8%
PPG FY25$15.9B+0.2%——9.9%7.3%

Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.