TMC the metals (TMC) Free Cash Flow (2020 - 2025)
TMC the metals' (TMC) quarterly Free Cash Flow came in at -$11.5 million in Q4 2025, up 16.76% YoY from -$9.8 million in Q4 2024, and little changed on a QoQ basis from -$11.5 million in Q3 2025.
TMC the metals (TMC) Free Cash Flow (2020 - 2025) Analysis & Trends
TMC the metals (TMC) has 6 years of Free Cash Flow data on file, last reported at -$11.5 million in Q4 2025.
- Quarterly Free Cash Flow rose 16.76% year-over-year to -$11.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$43.1 million (up 2.02% YoY) and the FY2025 annual result came in at -$43.1 million, up 2.02% from the prior year.
- Free Cash Flow was little changed at -$11.5 million in Q4 2025, from -$11.5 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $9.1 million in Q2 2021 to a low of -$27.8 million in Q4 2021.
- A 5-year average of -$13.6 million and a median of -$12.2 million in 2024 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2021 — Free Cash Flow plunged 435.57% — and 2022, when it jumped 66.55%.
- Tracing TMC's Free Cash Flow over 5 years: stood at -$27.8 million in 2021, then increased by 27.74% to -$20.1 million in 2022, then advanced by 22.27% to -$15.6 million in 2023, then rose by 11.68% to -$13.8 million in 2024, then increased by 16.76% to -$11.5 million in 2025.
- The last three Free Cash Flow figures came in at -$11.5 million (Q4 2025), -$11.5 million (Q3 2025), and -$10.7 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 246.38 Bn | 216.93 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 33.91 Bn | 28.71 Bn | 1.21 Bn | -561.71 Mn |
| 4 | MP Materials | 10.71 Bn | 8.24 Bn | 36.20 Mn | -223.49 Mn |
| 5 | Almonty Industries | 5.27 Bn | 4.38 Bn | 18.87 Mn | - |
| 6 | Materion | 4.79 Bn | 4.77 Bn | 104.34 Mn | 60.28 Mn |
| 7 | USA Rare Earth | 4.43 Bn | 4.43 Bn | -1.58 Mn | - |
| 8 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | 84.07 Mn |
| 9 | Evolution Metals & Technologies | 2.46 Bn | 2.46 Bn | -115,000.00 | - |
| 10 | TMC the metals | 2.15 Bn | 2.05 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -11.46 Mn |
| Dec 31, 2025 | -11.46 Mn |
| Sep 30, 2025 | -11.51 Mn |
| Sep 30, 2025 | -11.51 Mn |
| Jun 30, 2025 | -10.71 Mn |
| Jun 30, 2025 | -10.71 Mn |
| Mar 31, 2025 | -9.42 Mn |
| Mar 31, 2025 | -9.42 Mn |
| Dec 31, 2024 | -13.77 Mn |
| Dec 31, 2024 | -13.77 Mn |
| Sep 30, 2024 | -5.83 Mn |
| Sep 30, 2024 | -5.83 Mn |
| Jun 30, 2024 | -12.19 Mn |
| Jun 30, 2024 | -12.19 Mn |
| Mar 31, 2024 | -12.19 Mn |
| Mar 31, 2024 | -12.19 Mn |
| Dec 31, 2023 | -15.59 Mn |
| Dec 31, 2023 | -15.59 Mn |
| Sep 30, 2023 | -12.61 Mn |
| Sep 30, 2023 | -12.61 Mn |