Mosaic Company (The) (MOS) concentration risks

The company's disclosed concentration profile is geographic at both the revenue and the asset level, with the two exposures reinforcing each other in distinct ways. On the revenue side, approximately 64% of net sales in 2025 were derived from customers located outside the United States — a high share by disclosed size with a structural character, reflecting that the global fertilizer market is the company's natural end-market and that domestic demand alone does not define its revenue base. Currency dynamics, trade policy, and agricultural conditions in key importing regions are the primary channels through which this exposure affects reported results. The second exposure is a domestic operational concentration: all of the company's wholly-owned phosphate mines and related mining operations in North America are located in central Florida — also a high share by disclosed size with a structural character, since the company's North American phosphate production is inherently anchored to the geography where economically viable deposits exist. A natural disaster, permitting disruption, or environmental regulatory action concentrated in that region could impair the production base with no domestic alternative. Together, these two structural concentrations describe a business that sells most of its output internationally while anchoring its North American phosphate production capacity in a single region. Neither exposure is idiosyncratic in the counterparty sense, but both represent geography-driven structural risks that could compound if a disruption to Florida operations coincided with weak international demand.

For the engine’s reasoning on MOS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.