TMC the metals (TMC) Invested Capital (2019 - 2025)

TMC the metals (TMC) reported Invested Capital of -$20.1 million for Q4 2025, down 276.04% on a YoY basis from $11.4 million in Q4 2024, and up 50.54% quarter-over-quarter from -$40.6 million in Q3 2025.

TMC the metals (TMC) Invested Capital (2019 - 2025) Analysis & Trends

TMC the metals has reported Invested Capital for 7 years, with the latest figure at -$20.1 million in Q4 2025.

  • For the quarter ending Q4 2025, Invested Capital fell 276.04% year-over-year to -$20.1 million; the trailing twelve-month figure through Dec 2025 stood at -$20.1 million (down 276.04% YoY), and the FY2025 full-year result was -$20.1 million, down 276.04% from the prior year.
  • Invested Capital for Q4 2025 stood at -$20.1 million, up from -$40.6 million in the prior quarter.
  • The five-year high for Invested Capital was $106.7 million in Q3 2021, with the low at -$40.6 million in Q3 2025.
  • Historically, Invested Capital has averaged $31.7 million across 5 years, with a median of $28.0 million in 2021.
  • The largest YoY upside for Invested Capital was 2359.86% in 2025 against a maximum downside of 475.03% in 2025.
  • TMC the metals' Invested Capital stood at $92.8 million in 2021, then sank by 55.25% to $41.5 million in 2022, then tumbled by 73.69% to $10.9 million in 2023, then sank by 148.94% to -$5.3 million in 2024, then slumped by 276.04% to -$20.1 million in 2025.
  • The last three Invested Capital figures came in at -$20.1 million (Q4 2025), -$40.6 million (Q3 2025), and $84.3 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - 318.79 Mn
2 Bhp 421.29 Bn 411.77 Bn - 24.59 Bn
3 Skeena Resources 17.36 Bn 17.34 Bn - 131.49 Mn
4 Ioneer 10.78 Bn 10.76 Bn - 1.23 Bn
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn 2.97 Bn
6 Iperionx 8.57 Bn 8.52 Bn - 111.55 Mn
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 1.45 Bn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn 120.59 Mn
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn -
10 TMC the metals 76.80 Mn -40.83 Mn - -20.09 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -20.09 Mn
Sep 30, 2025 -40.62 Mn
Jun 30, 2025 84.34 Mn
Mar 31, 2025 -6.79 Mn
Dec 31, 2024 -5.34 Mn
Sep 30, 2024 -12.29 Mn
Jun 30, 2024 -3.73 Mn
Mar 31, 2024 1.81 Mn
Dec 31, 2023 10.92 Mn
Sep 30, 2023 41.61 Mn
Jun 30, 2023 30.31 Mn
Mar 31, 2023 41.80 Mn
Dec 31, 2022 41.51 Mn
Sep 30, 2022 79.06 Mn
Jun 30, 2022 73.67 Mn
Mar 31, 2022 79.73 Mn
Dec 31, 2021 92.75 Mn
Sep 30, 2021 106.68 Mn
Jun 30, 2021 13.07 Mn
Mar 31, 2021 25.63 Mn