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TMC the metals Co Inc.

TMC

$2.07 ▼ -0.24 (-10.20%) at close

7 Visible periods

22 Metrics

Absolute Benchmarks

Price Chart

Health

Poor

Neutral Absolute basis

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Analytical Summary

On an absolute basis, TMC the metals Co Inc. shows solid but mixed fundamentals, with Return on Invested Capital holding up well. Watch FCF / Net Income against typical quality thresholds. These readings use fixed quality thresholds rather than peer benchmarks, because too few comparable companies are available to rank against.

Market Cap $795.9M

Dividend Yield —

Revenue Growth —

Op. Margin —

ROIC 419.0% ↘

FCF / Share $-0.11 ↗

Trailing P/E 2.5x

Price / Book —

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

7-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$-319.84M

↓ -290.3% —

FCF / Share Free cash flow per share

$-0.11

↑ +18.0% —

info Signals below are graded against fixed quality thresholds, not peers — peer ranking needs more comparable companies.

trending_up

Bullish Indicators

Return on Invested CapitalReturn on Invested Capital of 419.0% is excellent on an absolute basis (target > 10%)

warning

Bearish Risks

FCF / Net IncomeFCF / Net Income of 0.13x is weak on an absolute basis (target > 1x)

Health Breakdown

Cash Quality ↓

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
EPS Growth YoY (%)	232.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-3.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-63.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	2.9% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	115.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-290.3% Weak ↓ Weak Declining Year-over-year change in net income	-11.1% Weak ↑ Weak Improving Year-over-year change in net income	56.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-21.0% Weak ↑ Weak Improving Year-over-year change in net income	-149.5% Weak Weak Year-over-year change in net income	-626418.4% Weak Weak Year-over-year change in net income	—
FCF Growth YoY (%)	18.0% Good ↓ Good Declining Year-over-year change in free cash flow	34.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	25.0% Good ↑ Good Improving Year-over-year change in free cash flow	-1.5% Weak Weak Year-over-year change in free cash flow	-84.2% Weak Weak Year-over-year change in free cash flow	—	—
EPS CAGR 3Y (%)	5.3% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-28.7% Weak Weak Compound annual EPS growth over 3 years	-6.7% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Effective Tax Rate (%) (%)	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
FCF / Net Income (x)	0.13x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.54x Weak → Weak Stable Free cash flow relative to reported net income Optimal: > 1x	0.82x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.39x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.40x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.47x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Return on Invested Capital (%)	419.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	475.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-663.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-419.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-127.4% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-123.3% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-77.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-129.0% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-105.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-183.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-112.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	-103.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	—	—	—	—	-152.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1370%)	-156.2% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1402%)	-56.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-572%)

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Debt to Equity (x)	—	-0.69x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-238%)	—	—	—	—	—
Interest Coverage (x)	—	-195.40x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	-149.14x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$-117.63M	$8.29M	$-6.84M	$-46.84M	$-84.87M	$-10.10M	—
Debt / EBITDA (x)	—	-0.14x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—

📊 What does each share earn? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Basic EPS, GAAP (USD)	$0.83	$0.25	$0.26	$0.71	$0.69	$0.32	—
Free Cash Flow per Share (USD)	$-0.11	$-0.14	$-0.21	$-0.28	$-0.27	$-0.15	—
Book Value per Share (USD)	$-0.08	$-0.05	$0.04	$0.16	$0.45	$0.20	—
Tangible Book Value per Share (USD)	$-0.08	$-0.06	$0.03	$0.16	$0.45	$0.20	—
Basic Weighted Avg Shares (shares)	384.51M	321.88M	288.64M	239.87M	204.93M	178.57M	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Working Capital (USD)	$61.28M	$-49.20M	$-22.51M	$7.99M	$61.99M	$2.47M	$-87.70K
Total Equity (USD)	$-33.44M	$-17.12M	$10.92M	$41.51M	$92.75M	$36.25M	$15.96K

📋 What is driving earnings? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗
Net Income, GAAP (USD)	$-319.84M	$-81.94M	$-73.78M	$-170.96M	$-141.30M	$-56.63M	$-9.04K
Operating Cash Flow (USD)	$-42.85M	$-43.47M	$-59.57M	$-66.64M	$-56.09M	$-26.53M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 7 years · 27 quarters

TMC the metals Co Inc.

Analytical Summary

7-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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