TMC the metals (TMC) Enterprise Value (2021 - 2026)
TMC the metals' Enterprise Value was $1.86 billion in Q2 2026, down 27.7% from $2.57 billion a year earlier.
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Analysis
TMC the metals (TMC) Enterprise Value (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, TMC the metals' Enterprise Value was $1.51 billion through Jun 30, 2026, down 41.2% year-over-year; for FY2025, it was $2.56 billion, up 561.6% from FY2024.
- Enterprise Value has now increased for three consecutive years, with a four-year compound annual growth rate of 60.3% (FY2021 to FY2025).
- In earlier years, Enterprise Value was $386.18 million in FY2024 (+12.5%), $343.23 million in FY2023 (+105.4%), $167.09 million in FY2022 (-56.8%) and $386.83 million in FY2021.
- The Q2 2026 figure marks the lowest quarterly Enterprise Value since Q1 2025.
- Compared with a year earlier, Enterprise Value was higher in six of the last seven quarters, with growth averaging 246.7%.
- The best year-over-year quarter for Enterprise Value over five years was Q3 2025 (growth of 633.4%); the worst was Q3 2022 (a decline of 76.9%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - |
| 10 | TMC the metals | 1.69 Bn | 1.25 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.86 Bn |
| Dec 31, 2025 | 2.56 Bn |
| Sep 30, 2025 | 2.52 Bn |
| Jun 30, 2025 | 2.57 Bn |
| Mar 31, 2025 | 620.61 Mn |
| Dec 31, 2024 | 386.18 Mn |
| Sep 30, 2024 | 343.36 Mn |
| Jun 30, 2024 | 436.92 Mn |
| Mar 31, 2024 | 454.34 Mn |
| Dec 31, 2023 | 343.23 Mn |
| Sep 30, 2023 | 279.56 Mn |
| Jun 30, 2023 | 457.46 Mn |
| Mar 31, 2023 | 204.54 Mn |
| Dec 31, 2022 | 167.09 Mn |
| Sep 30, 2022 | 211.94 Mn |
| Jun 30, 2022 | 233.97 Mn |
| Mar 31, 2022 | 519.11 Mn |
| Dec 31, 2021 | 386.83 Mn |
| Sep 30, 2021 | 916.79 Mn |
API Access
TMC the metals Enterprise Value 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=enterprise-value&ticker=TMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=TMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();