TMC the metals (TMC) Capital Expenditures (2022 - 2025)
TMC the metals' Capital Expenditures came in at $105,000 for Q4 2025, up 110.0% from $50,000 a year earlier and up 425.0% from the prior quarter.
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Analysis
TMC the metals (TMC) Capital Expenditures (2022 - 2025) Analysis & Trends
For FY2025, TMC the metals' Capital Expenditures was $245,000, down 52.4% from FY2024.
- Capital Expenditures has declined in each of the last three years, with a five-year compound annual growth rate of -16.6% (FY2020 to FY2025).
- Going back by year, Capital Expenditures was $515,000 in FY2024 (-10.9%), $578,000 in FY2023 (-50.6%), $1.17 million in FY2022 (+190.8%) and $402,000 in FY2021 (-33.8%).
- The Q4 2025 figure represents the highest quarterly Capital Expenditures since Q1 2024.
- Year-over-year, Capital Expenditures increased in 1 of the last six quarters, with an average decline of 33.4%.
- The fastest year-over-year change in Capital Expenditures over five years came in Q4 2025 (growth of 110.0%), and the weakest in Q4 2024 (a decline of 87.6%).
- Business Quant data shows TMC's Capital Expenditures at $20,000 (Q3 2025), $50,000 (Q2 2025) and $70,000 (Q1 2025) in the three quarters before Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 161.67 Bn | 124.47 Bn | - | - |
| 2 | Southern Copper | 161.00 Bn | 139.79 Bn | 2.90 Bn | 422.80 Mn |
| 3 | Rio Tinto | 139.20 Bn | 99.70 Bn | - | - |
| 4 | Newmont | 118.17 Bn | 83.31 Bn | 4.22 Bn | 856.00 Mn |
| 5 | Freeport-Mcmoran | 94.78 Bn | 78.82 Bn | 2.19 Bn | 1.10 Bn |
| 6 | Agnico Eagle Mines | 90.58 Bn | 80.22 Bn | 2.43 Bn | -809.26 Mn |
| 7 | Barrick Mining | 66.96 Bn | 42.16 Bn | 2.90 Bn | 1.19 Bn |
| 8 | Nucor | 61.72 Bn | 61.72 Bn | - | 629.00 Mn |
| 9 | ArcelorMittal | 46.61 Bn | 25.63 Bn | - | -1.10 Bn |
| 10 | TMC the metals | 1.19 Bn | 745.89 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 105,000.00 |
| Sep 30, 2025 | 20,000.00 |
| Jun 30, 2025 | 50,000.00 |
| Mar 31, 2025 | 70,000.00 |
| Dec 31, 2024 | 50,000.00 |
| Sep 30, 2024 | 50,000.00 |
| Jun 30, 2024 | 75,000.00 |
| Mar 31, 2024 | 340,000.00 |
| Dec 31, 2023 | 403,000.00 |
| Sep 30, 2023 | 100,000.00 |
| Dec 31, 2022 | 210,000.00 |
| Sep 30, 2022 | 507,000.00 |
| Jun 30, 2022 | 242,000.00 |
| Mar 31, 2022 | 210,000.00 |
API Access
TMC the metals Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=TMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "TMC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=TMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();