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TMC the metals Co Inc. TMC

Nasdaq · stock · Metal Mining · website · IPO 2020-06-26

TMC the metals Co Inc. statistics & valuation

Market cap$1.8B
Return on capital-114.6%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Gross margin (%)
2019202020212022202320242025
Operating margin (%)
2019202020212022202320242025
Return on equity (%)
-0.10% -156.20% -152.30% -411.90% -675.80% 2019202020212022202320242025
Shares outstanding
178.6M 224.4M 266.8M 306.6M 340.7M 423.0M 2019202020212022202320242025
Net debt ($)
2019202020212022202320242025
Share buybacks ($)
2019202020212022202320242025
Return on assets (%)
-7.60% -103.60% -106.10% -180.40% -107.10% -130.10% -176.10% 2019202020212022202320242025
Free cash flow margin (%)
2019202020212022202320242025
Debt / equity (×)
2019202020212022202320242025
EPS ($)
$0.32 $0.69 $0.71 $0.26 $0.25 $0.83 2019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

TMC the metals Co Inc. trades at about 5.4× earnings — near its 10-year norm (10-year range 1.2×–8×, median 5×).

1.2× 8×

Shaded band = 10-year range (1.2×–8×); dot = today's 5.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on assets-176.1%-130.1%-107.1%-180.4%-106.1%-103.6%-7.6%
Return on equity956.4%478.7%-675.8%-411.9%-152.3%-156.2%-0.1%
Current ratio2.030.100.281.193.331.320.15

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.