TMC the metals (TMC) Enterprise Value (2019 - 2026)
TMC the metals' (TMC) quarterly Enterprise Value came in at -$117.6 million in Q4 2025, down 3280.26% YoY from $3.7 million in Q4 2024, and down 1.72% on a QoQ basis from -$115.6 million in Q3 2025.
TMC the metals (TMC) Enterprise Value (2019 - 2026) Analysis & Trends
TMC the metals (TMC) has 7 years of Enterprise Value data on file, last reported at -$117.6 million in Q4 2025.
- Quarterly Enterprise Value fell 3280.26% year-over-year to -$117.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$117.6 million (down 3280.26% YoY) and the FY2025 annual result came in at -$117.6 million, down 3280.26% from the prior year.
- Enterprise Value slipped to -$117.6 million in Q4 2025, from -$115.6 million in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of -$293323.0 in Q2 2021 to a low of -$117.6 million in Q4 2025.
- A 5-year average of -$43.1 million and a median of -$22.5 million in 2023 frame the typical range for Enterprise Value.
- Annual changes were most pronounced in 2024 — Enterprise Value surged 98.4% — and 2025, when it slumped 32024.44%.
- Tracing TMC's Enterprise Value over 5 years: stood at -$84.9 million in 2021, then surged by 44.77% to -$46.9 million in 2022, then jumped by 85.4% to -$6.8 million in 2023, then soared by 49.14% to -$3.5 million in 2024, then tumbled by 3280.26% to -$117.6 million in 2025.
- The last three Enterprise Value figures came in at -$117.6 million (Q4 2025), -$115.6 million (Q3 2025), and -$115.8 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 244.99 Bn | 215.53 Bn | - | -29.46 Bn |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | -9.51 Bn |
| 3 | Teck Resources | 33.55 Bn | 28.35 Bn | 1.21 Bn | -4.48 Bn |
| 4 | MP Materials | 10.67 Bn | 8.19 Bn | 36.20 Mn | -2.48 Bn |
| 5 | Almonty Industries | 5.38 Bn | 4.49 Bn | 18.87 Mn | -887.20 Mn |
| 6 | Materion | 4.70 Bn | 4.68 Bn | 104.34 Mn | -19.99 Mn |
| 7 | USA Rare Earth | 4.38 Bn | 4.38 Bn | -1.58 Mn | -1.53 Bn |
| 8 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | -425.61 Mn |
| 9 | Evolution Metals & Technologies | 2.60 Bn | 2.60 Bn | -115,000.00 | -5.24 Mn |
| 10 | TMC the metals | 1.99 Bn | 1.89 Bn | - | -98.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -98.66 Mn |
| Dec 31, 2025 | -117.63 Mn |
| Sep 30, 2025 | -115.65 Mn |
| Jun 30, 2025 | -115.76 Mn |
| Mar 31, 2025 | -2.35 Mn |
| Dec 31, 2024 | -3.48 Mn |
| Sep 30, 2024 | -360,000.00 |
| Jun 30, 2024 | -474,000.00 |
| Mar 31, 2024 | -3.99 Mn |
| Dec 31, 2023 | -6.84 Mn |
| Sep 30, 2023 | -22.55 Mn |
| Jun 30, 2023 | -20.01 Mn |
| Mar 31, 2023 | -28.39 Mn |
| Dec 31, 2022 | -46.88 Mn |
| Sep 30, 2022 | -66.87 Mn |
| Mar 31, 2022 | -69.05 Mn |
| Dec 31, 2021 | -84.87 Mn |
| Sep 30, 2021 | -112.64 Mn |
| Jun 30, 2021 | -293,323.00 |
| Mar 31, 2021 | -1.17 Mn |