TMC the metals (TMC) EBIT (2020 - 2026)
TMC the metals' (TMC) quarterly EBIT came in at -$71.7 million in Q2 2026, down 226.36% on a YoY basis from $56.8 million in Q2 2025, and down 60.42% quarter-over-quarter from -$44.7 million in Q4 2025.
Analysis
TMC the metals (TMC) EBIT (2020 - 2026) Analysis & Trends
TMC the metals (TMC) has reported EBIT for 7 consecutive years, with -$71.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBIT fell 226.36% year-over-year to -$71.7 million; the trailing twelve-month figure through Jun 2026 stood at -$193.8 million (down 153.94% YoY), and the FY2025 full-year result was -$140.1 million, down 72.3% from the prior year.
- EBIT slipped to -$71.7 million in Q2 2026 per TMC's latest filing, from -$44.7 million in the prior quarter.
- Across five years, EBIT topped out at -$12.5 million in Q3 2023 and bottomed at -$111.3 million in Q4 2022.
- Historically, EBIT has averaged -$31.7 million across 5 years, with a median of -$20.3 million in 2024.
- The widest YoY moves for EBIT: up 71.32% in 2022, down 293.62% in 2022.
- Over 5 years, EBIT stood at -$111.3 million in 2022, then surged by 70.11% to -$33.3 million in 2023, then jumped by 50.85% to -$16.3 million in 2024, then plunged by 173.46% to -$44.7 million in 2025, then plunged by 60.42% to -$71.7 million in 2026.
- According to Business Quant data, EBIT over the past three periods registered -$71.7 million, -$44.7 million, and -$55.4 million for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 165.83 Bn | 158.58 Bn | 2.90 Bn | 2.62 Bn |
| 2 | Freeport-Mcmoran | 104.41 Bn | 112.45 Bn | 2.19 Bn | 2.00 Bn |
| 3 | Teck Resources | 32.69 Bn | 28.21 Bn | 1.21 Bn | 1.18 Bn |
| 4 | Carpenter Technology | 23.59 Bn | 23.19 Bn | 268.90 Mn | 206.90 Mn |
| 5 | Hudbay Minerals | 10.85 Bn | 10.27 Bn | 269.00 Mn | 219.70 Mn |
| 6 | Almonty Industries | 3.66 Bn | 2.77 Bn | 18.87 Mn | 18.87 Mn |
| 7 | Ero Copper | 3.63 Bn | 3.53 Bn | 121.42 Mn | 107.82 Mn |
| 8 | TMC the metals | 1.96 Bn | 1.86 Bn | - | -71.72 Mn |
| 9 | Nexa Resources | 1.83 Bn | 1.73 Bn | 257.20 Mn | 175.30 Mn |
| 10 | Ivanhoe Electric | 1.59 Bn | 1.60 Bn | 368,000.00 | -21.48 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -71.72 Mn |
| Dec 31, 2025 | -44.71 Mn |
| Sep 30, 2025 | -55.36 Mn |
| Jun 30, 2025 | -21.98 Mn |
| Mar 31, 2025 | -18.02 Mn |
| Dec 31, 2024 | -16.35 Mn |
| Sep 30, 2024 | -19.96 Mn |
| Jun 30, 2024 | -20.30 Mn |
| Mar 31, 2024 | -24.68 Mn |
| Dec 31, 2023 | -33.26 Mn |
| Sep 30, 2023 | -12.52 Mn |
| Jun 30, 2023 | -13.23 Mn |
| Mar 31, 2023 | -13.38 Mn |
| Dec 31, 2022 | -111.28 Mn |
| Sep 30, 2022 | -28.61 Mn |
| Jun 30, 2022 | -18.33 Mn |
| Mar 31, 2022 | -15.91 Mn |
| Dec 31, 2021 | -28.27 Mn |
| Sep 30, 2021 | -37.18 Mn |
| Jun 30, 2021 | -28.67 Mn |