TMC the metals company Inc. TMC
Company Overview
TMC the metals company Inc., a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in two polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean. Its products are used in electric vehicles (EV) and energy storage markets; manganese alloy production required for steel production; and other applications. The company was founded in 2011 and is based in Vancouver, Canada.
Why Investors Should Care
Carries low leverage with a debt-to-equity ratio of 0.03.
Generates positive free cash flow, funding growth and shareholder returns internally.
Growth & Price Performance
Stock Price Performance
| 1 Year: | -18.57% |
| 6 Months: | -29.35% |
| 3 Months: | -13.31% |
| 1 Month: | -3.06% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMABelow
- RSI (14)50.05 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Generates positive free cash flow.
CONS
- Trading 58.6% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Basic Materials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TMC TMC the metals company Inc. | 4.43 | -5.91 | $1.95B | 0.00% | -114.58% | - | - | - |
| 2 | LIN Linde plc NDXSPXR3K | 468.38 | 30.22 | $215.91B | 1.40% | 12.46% | 18.40% | 13.90% | 18.47% |
| 3 | SCCO Southern Copper Corporation R3K | 208.56 | 31.27 | $176.10B | 2.24% | 36.40% | 49.90% | 8.32% | 3.80% |
| 4 | NEM Newmont Corporation SPXR3K | 127.09 | 16.01 | $133.91B | 0.84% | - | 25.91% | 6.53% | 20.15% |
| 5 | RIO Rio Tinto Group | 103.83 | 14.07 | $130.27B | 4.78% | 13.65% | 19.31% | 1.24% | -7.00% |
| 6 | FCX Freeport-McMoRan Inc. SPXR3K | 76.62 | 37.56 | $110.03B | 0.78% | 12.50% | 14.75% | 1.35% | -1.26% |
| 7 | AEM Agnico Eagle Mines Limited | 201.84 | 17.27 | $102.20B | 0.88% | 19.78% | 22.97% | 27.53% | 88.11% |
| 8 | SHW The Sherwin-Williams Company SPXR3K | 326.09 | 30.05 | $79.16B | 1.00% | 21.93% | 65.12% | 6.18% | 8.26% |
| 9 | ECL Ecolab Inc. SPXR3K | 278.11 | 37.33 | $77.96B | 1.05% | 15.10% | 21.96% | 6.55% | 9.74% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | 113.00K | - | - | 410.00K | - | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18.02M | 21.98M | 55.36M | 44.70M | 33.98M |
| Operating Income | - | -327.42K | -6.75M | -55.47M | -28.67M | -37.18M | -15.91M | -18.33M | -28.61M | -13.38M | -13.23M | -12.52M | -24.68M | -20.30M | -19.96M | -18.02M | -21.98M | -55.36M | -44.70M | -33.98M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -19.51M | -73.45M | -183.66M | -39.62M | -19.85M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02M | 833.00K | 681.00K | 680.00K | 665.00K |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -20.59M | -74.34M | -184.39M | -40.38M | -20.55M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | 123.00K | 21.00K | 44.00K |
| Net Income | -59.00K | 6.72K | -6.79M | -55.71M | -17.18M | -36.65M | -21.12M | -12.38M | -27.89M | -13.75M | -14.11M | -12.47M | -25.19M | -20.17M | -20.52M | -20.59M | -74.34M | -184.52M | -40.40M | -20.60M |
| Diluted EPS | - | - | - | 0.29 | - | 0.18 | 0.09 | 0.05 | 0.12 | 0.05 | 0.05 | 0.04 | 0.08 | 0.06 | 0.06 | 0.06 | -0.20 | -0.46 | - | 0.05 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | 0 | 0 | 0 | 0 |
| Cost of Revenue | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | 174.12M | 72.39M | 81.29M | 140.05M |
| Operating Income | - | -56.60M | - | -174.12M | -72.39M | -81.29M | -140.05M |
| EBITDA | - | - | - | -170.47M | -72.60M | -78.93M | -316.23M |
| Interest Expense | - | - | - | 0 | 781.00K | 2.60M | 3.21M |
| Pretax Income | - | - | - | -170.89M | -73.74M | -81.89M | -319.70M |
| Tax Provision | - | - | - | 77.00K | 41.00K | 48.00K | 144.00K |
| Net Income | -9.04K | -56.63M | - | -170.96M | -73.78M | -81.94M | -319.84M |
| Diluted EPS | - | 0.32 | - | -0.71 | -0.26 | -0.25 | -0.83 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 119.62K | 54.69M | - | 94.78M | 85.55M | 75.41M | 87.82M | 68.90M | 63.00M | 181.63M |
| Current Assets | - | - | - | 49.60M | - | - | - | 8.82M | 5.33M | 120.68M |
| Cash & Equivalents | - | 10.10M | - | 46.88M | 28.39M | 20.01M | 22.55M | 6.84M | 3.48M | 117.63M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | 117.00K | - | - | - | 467.00K | 249.00K | 664.00K |
| Total Liabilities | 103.66K | 18.43M | - | 53.27M | 43.75M | 45.10M | 46.22M | 57.98M | 80.12M | 215.07M |
| Current Liabilities | 103.66K | 7.76M | - | 41.61M | 17.54M | 18.11M | 19.34M | 31.33M | 54.53M | 59.40M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | - | - | - | - | 11.78M | - |
| Total Equity | 15.96K | 36.25M | - | 41.51M | 41.80M | 30.30M | 41.61M | 10.92M | -17.12M | -33.44M |
| Shares Outstanding | - | - | - | 266.81M | - | - | - | 306.56M | 340.71M | 422.97M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -26.53M | - | -66.60M | -59.57M | -43.47M | -42.85M |
| Investing Cash Flow | -607.00K | - | -1.17M | -578.00K | -515.00K | 447.00K |
| Financing Cash Flow | 21.29M | - | 29.72M | 20.07M | 40.69M | 156.59M |
| Capital Expenditure | - | - | -1.17M | -578.00K | -515.00K | -245.00K |
| Free Cash Flow | - | - | -67.77M | -60.15M | -43.98M | -43.10M |
| Net Change in Cash | - | - | -38.05M | -40.09M | -3.30M | 114.18M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - | - | - |
| Net Margin % | - | - | - | - | - | - | - |
| ROE % | -56.6% | -156.2% | - | -411.9% | -675.8% | 478.7% | 956.4% |
| ROCE % | - | -120.6% | - | -327.5% | -192.7% | -959.8% | -114.6% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | First Manhattan Co. LLC | 3.47% | 15.32M | $57.89M |
| 2 | Citadel Advisors Llc | 0.74% | 3.28M | $12.38M |
| 3 | Millennium Management Llc | 0.67% | 2.94M | $11.10M |
| 4 | Anson Funds Management LP | 0.60% | 2.64M | $10.00M |
| 5 | Baird Financial Group, Inc. | 0.55% | 2.43M | $9.18M |
| 6 | Jane Street Group, LLC | 0.55% | 2.43M | $9.18M |
| 7 | Susquehanna International Group, LLP | 0.54% | 2.37M | $8.95M |
| 8 | Tudor Investment Corp Et Al | 0.38% | 1.69M | $6.39M |
| 9 | Marshall Wace LLP | 0.36% | 1.57M | $5.94M |
| 10 | Blackrock Inc. | 0.34% | 1.48M | $5.59M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for TMC
TMC The Metals (TMC) Stock Looks Fully Priced Despite NOAA Permit Review - finance.yahoo.com
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TMC The Metals Co (TMC) Stock Analysis Report | Financials & Insights - Benzinga
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TMC Stock Gains Over 15% — NOAA Clearing Regulatory Hurdle For Deep-Sea Mining Project Could Be The Catalyst - Stocktwits
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Forget TMC The Metals Company: This Rare Earth Stock Is the Smarter Bet Right Now - The Motley Fool
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TMC The Metals (TMC) Could Be 56% Undervalued After Permit Progress And Lower Losses - simplywall.st
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TMC Stock Jumps 20% as NOAA Notice Opens Permit Review - TechStock²
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TMC — Frequently Asked Questions
What is the current share price of TMC the metals company Inc. (TMC)?
As of 2026-09-19 21:16 PDT, TMC the metals company Inc. (TMC) trades at $4.43 on NasdaqGS. Its 52-week range is $3.45 to $10.69.
What is the market capitalisation of TMC?
TMC the metals company Inc. (TMC) has a market capitalisation of $1.95B on NasdaqGS.
What is the P/E ratio of TMC?
TMC trades at a trailing price-to-earnings (P/E) ratio of -5.91. The industry average P/E is 22.16. Its price-to-book (P/B) ratio is -60.00.
Is TMC a good stock to buy?
This page provides a data-driven analysis of TMC the metals company Inc. (TMC), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.