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Gross Margin per Tonne by Segment
Calculates the profit made on each tonne sold in each segment, reflecting cost management effectiveness and pricing power.
Potash is the clearest margin stabilizer—after the 2022 peak it recovered through 2025 on strong Canpotex demand and cost/mix improvements. By contrast, phosphates and Mosaic Fertilizantes remain highly cyclical and squeezed: both surged in 2021–22 then collapsed, with phosphate margins plunging to near zero in Q1‑2026 despite record sales, signaling raw‑material (sulfur/ammonia) cost pressure and tactical price/volume trade‑offs. Management’s curtailments, idling charges and inventory drawdowns are defensive steps to protect long‑run margins, but sustainable recovery hinges on input‑cost normalization and working‑capital execution.
MOS Gross Margin per Tonne by Segment
| Date | Potash | Mosaic Fertilizantes | Phosphates |
|---|---|---|---|
| Jun 30, 2026 | $103.00 | $4.00 | -$4.00 |
| Mar 31, 2026 | $88.00 | $22.00 | $2.00 |
| Dec 31, 2025 | $115.00 | $10.00 | $17.00 |
| Sep 30, 2025 | $104.00 | $65.00 | $92.00 |
| Jun 30, 2025 | $89.00 | $73.00 | $67.00 |
| Mar 31, 2025 | $80.00 | $69.00 | $111.00 |
| Dec 31, 2024 | $55.00 | $46.00 | $85.00 |
| Sep 30, 2024 | $61.00 | $44.00 | $96.00 |
| Jun 30, 2024 | $79.00 | $46.00 | $91.00 |
| Mar 31, 2024 | $98.00 | $44.00 | $97.00 |
| Dec 31, 2023 | $99.00 | $44.00 | $88.00 |
| Sep 30, 2023 | $95.00 | $35.00 | $53.00 |
| Jun 30, 2023 | $155.00 | $5.00 | $112.00 |
| Mar 31, 2023 | $216.00 | -$1.00 | $141.00 |
| Dec 31, 2022 | $289.00 | $11.00 | $148.00 |
| Sep 30, 2022 | $373.00 | $123.00 | $217.00 |
| Jun 30, 2022 | $403.00 | $194.00 | $383.00 |
| Mar 31, 2022 | $323.00 | $120.00 | $318.00 |
| Dec 31, 2021 | $224.00 | $95.00 | $254.00 |
| Sep 30, 2021 | $131.00 | $99.00 | $198.00 |
| Jun 30, 2021 | $93.00 | $78.00 | $156.00 |
| Mar 31, 2021 | $71.00 | $50.00 | $84.00 |
| Dec 31, 2020 | $45.00 | $32.00 | $73.00 |
| Sep 30, 2020 | $48.00 | $49.00 | $11.00 |
| Jun 30, 2020 | $51.00 | $39.00 | $12.00 |
| Mar 31, 2020 | $57.00 | $32.00 | -$41.00 |
