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Side-by-side financial comparison of Mosaic Company (The) (MOS) and Nasdaq, Inc. (NDAQ). Click either name above to swap in a different company.

Mosaic Company (The) is the larger business by last-quarter revenue ($3.0B vs $2.1B, roughly 1.4× Nasdaq, Inc.). Nasdaq, Inc. runs the higher net margin — 24.3% vs -17.5%, a 41.8% gap on every dollar of revenue. On growth, Mosaic Company (The) posted the faster year-over-year revenue change (5.6% vs 2.0%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs 5.3%).

The Mosaic Company is an American chemical company based in Tampa, Florida, which mines phosphate, potash, and collects urea for fertilizer, through various international distribution networks, and Mosaic Fertilizantes. It is the largest U.S. producer of potash and phosphate fertilizer.

Nasdaq Stock Market is an American stock exchange, the second-largest by market cap on the list of stock exchanges, and the first fully electronic stock market. The exchange is based in Manhattan, New York City, and is among the most active stock trading venue by volume in the United States.

MOS vs NDAQ — Head-to-Head

Bigger by revenue
MOS
MOS
1.4× larger
MOS
$3.0B
$2.1B
NDAQ
Growing faster (revenue YoY)
MOS
MOS
+3.6% gap
MOS
5.6%
2.0%
NDAQ
Higher net margin
NDAQ
NDAQ
41.8% more per $
NDAQ
24.3%
-17.5%
MOS
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
5.3%
MOS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MOS
MOS
NDAQ
NDAQ
Revenue
$3.0B
$2.1B
Net Profit
$-519.5M
$519.0M
Gross Margin
11.5%
Operating Margin
-3.4%
30.7%
Net Margin
-17.5%
24.3%
Revenue YoY
5.6%
2.0%
Net Profit YoY
-407.4%
31.4%
EPS (diluted)
$-1.63
$0.91

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MOS
MOS
NDAQ
NDAQ
Q1 26
$2.1B
Q4 25
$3.0B
$2.1B
Q3 25
$3.5B
$2.0B
Q2 25
$3.0B
$2.1B
Q1 25
$2.6B
$2.1B
Q4 24
$2.8B
$2.0B
Q3 24
$2.8B
$1.9B
Q2 24
$2.8B
$1.8B
Net Profit
MOS
MOS
NDAQ
NDAQ
Q1 26
$519.0M
Q4 25
$-519.5M
$518.0M
Q3 25
$411.4M
$423.0M
Q2 25
$410.7M
$452.0M
Q1 25
$238.1M
$395.0M
Q4 24
$169.0M
$355.0M
Q3 24
$122.2M
$306.0M
Q2 24
$-161.5M
$222.0M
Gross Margin
MOS
MOS
NDAQ
NDAQ
Q1 26
Q4 25
11.5%
65.5%
Q3 25
16.0%
67.2%
Q2 25
17.3%
62.5%
Q1 25
18.6%
59.2%
Q4 24
10.7%
60.4%
Q3 24
14.8%
60.3%
Q2 24
14.0%
64.7%
Operating Margin
MOS
MOS
NDAQ
NDAQ
Q1 26
30.7%
Q4 25
-3.4%
29.7%
Q3 25
9.8%
29.9%
Q2 25
8.1%
27.2%
Q1 25
12.9%
26.2%
Q4 24
3.5%
25.4%
Q3 24
4.1%
23.6%
Q2 24
8.3%
23.6%
Net Margin
MOS
MOS
NDAQ
NDAQ
Q1 26
24.3%
Q4 25
-17.5%
24.4%
Q3 25
11.9%
21.6%
Q2 25
13.7%
21.6%
Q1 25
9.1%
18.9%
Q4 24
6.0%
17.5%
Q3 24
4.3%
16.1%
Q2 24
-5.7%
12.4%
EPS (diluted)
MOS
MOS
NDAQ
NDAQ
Q1 26
$0.91
Q4 25
$-1.63
$0.90
Q3 25
$1.29
$0.73
Q2 25
$1.29
$0.78
Q1 25
$0.75
$0.68
Q4 24
$0.53
$0.62
Q3 24
$0.38
$0.53
Q2 24
$-0.50
$0.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MOS
MOS
NDAQ
NDAQ
Cash + ST InvestmentsLiquidity on hand
$276.6M
$515.0M
Total DebtLower is stronger
$4.3B
$9.0B
Stockholders' EquityBook value
$12.1B
$12.0B
Total Assets
$24.5B
$27.3B
Debt / EquityLower = less leverage
0.35×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MOS
MOS
NDAQ
NDAQ
Q1 26
$515.0M
Q4 25
$276.6M
$604.0M
Q3 25
$153.3M
$470.0M
Q2 25
$286.2M
$732.0M
Q1 25
$259.2M
$690.0M
Q4 24
$272.8M
$592.0M
Q3 24
$301.6M
$266.0M
Q2 24
$322.0M
$416.0M
Total Debt
MOS
MOS
NDAQ
NDAQ
Q1 26
$9.0B
Q4 25
$4.3B
$8.6B
Q3 25
$3.4B
$8.7B
Q2 25
$3.3B
$8.7B
Q1 25
$3.3B
$8.9B
Q4 24
$3.3B
$9.1B
Q3 24
$3.2B
$9.4B
Q2 24
$3.2B
$9.2B
Stockholders' Equity
MOS
MOS
NDAQ
NDAQ
Q1 26
$12.0B
Q4 25
$12.1B
$12.2B
Q3 25
$12.8B
$12.0B
Q2 25
$12.4B
$11.8B
Q1 25
$11.8B
$11.5B
Q4 24
$11.5B
$11.2B
Q3 24
$11.8B
$11.1B
Q2 24
$11.7B
$10.9B
Total Assets
MOS
MOS
NDAQ
NDAQ
Q1 26
$27.3B
Q4 25
$24.5B
$31.1B
Q3 25
$24.7B
$30.7B
Q2 25
$24.3B
$30.4B
Q1 25
$23.2B
$30.6B
Q4 24
$22.9B
$30.4B
Q3 24
$23.3B
$30.6B
Q2 24
$22.6B
$30.2B
Debt / Equity
MOS
MOS
NDAQ
NDAQ
Q1 26
0.74×
Q4 25
0.35×
0.70×
Q3 25
0.26×
0.72×
Q2 25
0.27×
0.73×
Q1 25
0.28×
0.77×
Q4 24
0.29×
0.81×
Q3 24
0.27×
0.85×
Q2 24
0.27×
0.85×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MOS
MOS
NDAQ
NDAQ
Operating Cash FlowLast quarter
$-56.1M
Free Cash FlowOCF − Capex
$-405.7M
FCF MarginFCF / Revenue
-13.6%
Capex IntensityCapex / Revenue
11.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-534.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MOS
MOS
NDAQ
NDAQ
Q1 26
Q4 25
$-56.1M
$625.0M
Q3 25
$228.5M
$221.0M
Q2 25
$609.5M
$746.0M
Q1 25
$42.9M
$663.0M
Q4 24
$219.3M
$705.0M
Q3 24
$312.9M
$244.0M
Q2 24
$847.0M
$460.0M
Free Cash Flow
MOS
MOS
NDAQ
NDAQ
Q1 26
Q4 25
$-405.7M
$536.0M
Q3 25
$-135.9M
$152.0M
Q2 25
$304.9M
$687.0M
Q1 25
$-297.9M
$614.0M
Q4 24
$-74.8M
$645.0M
Q3 24
$72.1M
$188.0M
Q2 24
$513.1M
$408.0M
FCF Margin
MOS
MOS
NDAQ
NDAQ
Q1 26
Q4 25
-13.6%
25.2%
Q3 25
-3.9%
7.8%
Q2 25
10.1%
32.9%
Q1 25
-11.4%
29.4%
Q4 24
-2.7%
31.7%
Q3 24
2.6%
9.9%
Q2 24
18.2%
22.8%
Capex Intensity
MOS
MOS
NDAQ
NDAQ
Q1 26
Q4 25
11.8%
4.2%
Q3 25
10.6%
3.5%
Q2 25
10.1%
2.8%
Q1 25
13.0%
2.3%
Q4 24
10.4%
3.0%
Q3 24
8.6%
2.9%
Q2 24
11.9%
2.9%
Cash Conversion
MOS
MOS
NDAQ
NDAQ
Q1 26
Q4 25
1.21×
Q3 25
0.56×
0.52×
Q2 25
1.48×
1.65×
Q1 25
0.18×
1.68×
Q4 24
1.30×
1.99×
Q3 24
2.56×
0.80×
Q2 24
2.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MOS
MOS

Segment breakdown not available.

NDAQ
NDAQ

Market Services$1.0B49%
Capital Access Platforms$565.0M26%
Financial Technology$517.0M24%
Other Revenues$8.0M0%

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