TMC the metals (TMC) Equity Average (2020 - 2025)

TMC the metals (TMC) reported Equity Average of -$37.0 million for Q4 2025, down 91.95% on a YoY basis from -$459.9 million in Q4 2024, and down 279.62% quarter-over-quarter from $20.6 million in Q3 2025.

TMC the metals (TMC) Equity Average (2020 - 2025) Analysis & Trends

TMC the metals has reported Equity Average for 6 years, with the latest figure at -$37.0 million in Q4 2025.

  • For the quarter ending Q4 2025, Equity Average fell 91.95% year-over-year to -$37.0 million; the trailing twelve-month figure through Dec 2025 stood at -$37.0 million (down 91.95% YoY), and the FY2025 full-year result was -$25.3 million, down 715.5% from the prior year.
  • Equity Average for Q4 2025 stood at -$37.0 million, down from $20.6 million in the prior quarter.
  • The five-year high for Equity Average was $99.7 million in Q4 2021, with the low at -$37.0 million in Q4 2025.
  • Historically, Equity Average has averaged $30.8 million across 5 years, with a median of $31.7 million in 2021.
  • The largest YoY upside for Equity Average was 934.86% in 2025 against a maximum downside of 366.22% in 2025.
  • TMC the metals' Equity Average stood at $99.7 million in 2021, then slumped by 39.54% to $60.3 million in 2022, then tumbled by 56.43% to $26.3 million in 2023, then plunged by 173.46% to -$19.3 million in 2024, then slumped by 91.95% to -$37.0 million in 2025.
  • The last three Equity Average figures came in at -$37.0 million (Q4 2025), $20.6 million (Q3 2025), and $32.5 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Avg. (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - 353.70 Mn
2 Bhp 421.29 Bn 411.77 Bn - -
3 Skeena Resources 17.36 Bn 17.34 Bn - 122.80 Mn
4 Ioneer 10.78 Bn 10.76 Bn - 230.26 Mn
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn 1.97 Bn
6 Iperionx 8.57 Bn 8.52 Bn - 100.32 Mn
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 950.12 Mn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn -
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn -
10 TMC the metals 76.80 Mn -40.83 Mn - -37.03 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -37.03 Mn
Sep 30, 2025 20.62 Mn
Jun 30, 2025 32.55 Mn
Mar 31, 2025 -16.94 Mn
Dec 31, 2024 -19.29 Mn
Sep 30, 2024 -15.54 Mn
Jun 30, 2024 -3.90 Mn
Mar 31, 2024 6.36 Mn
Dec 31, 2023 26.26 Mn
Sep 30, 2023 35.96 Mn
Jun 30, 2023 36.05 Mn
Mar 31, 2023 41.65 Mn
Dec 31, 2022 60.28 Mn
Sep 30, 2022 76.36 Mn
Jun 30, 2022 76.70 Mn
Mar 31, 2022 86.24 Mn
Dec 31, 2021 99.71 Mn
Sep 30, 2021 59.87 Mn
Jun 30, 2021 19.35 Mn
Mar 31, 2021 30.94 Mn