TMC the metals (TMC) Return on Capital Employed [ROCE] (2021 - 2026)
TMC the metals (TMC) recorded Return on Capital Employed [ROCE] of -157.98% in Q2 2026, down 48.22 percentage points from -109.76% a year earlier and down 34.85 percentage points from the prior quarter.
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Analysis
TMC the metals (TMC) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2025, TMC the metals reported Return on Capital Employed [ROCE] of -222.61%, up 489.31 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of +65.51 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at -711.92% in FY2024 (-568.58 pp), -143.34% in FY2023 (+97.37 pp), -240.70% in FY2022 (-18.54 pp) and -222.17% in FY2021 (+65.95 pp).
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q1 2025.
- On a year-over-year basis, Return on Capital Employed [ROCE] rose in four of the last eight quarters, with an average year-over-year change of +81.25 percentage points.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 2538.58 percentage points in Q3 2025, against a drop of 2384.44 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at -123.14% (Q1 2026), -117.47% (Q4 2025) and -87.39% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 170.99 Bn | 133.79 Bn | - | - |
| 2 | Southern Copper | 138.52 Bn | 113.25 Bn | 3.10 Bn | 45.35% |
| 3 | Rio Tinto | 135.90 Bn | 96.73 Bn | - | - |
| 4 | Newmont | 126.75 Bn | 91.89 Bn | 4.22 Bn | 10.69% |
| 5 | Ternium | 96.55 Bn | 64.81 Bn | 1.04 Bn | 7.47% |
| 6 | Agnico Eagle Mines | 96.18 Bn | 83.12 Bn | 2.15 Bn | 26.02% |
| 7 | Freeport-Mcmoran | 85.33 Bn | 69.37 Bn | 2.19 Bn | 13.20% |
| 8 | Barrick Mining | 69.13 Bn | 44.33 Bn | 2.90 Bn | 22.21% |
| 9 | Nucor | 55.83 Bn | 45.21 Bn | 2.03 Bn | 13.42% |
| 10 | TMC the metals | 972.63 Mn | 521.01 Mn | - | -157.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -150.64% |
| Dec 31, 2025 | -117.47% |
| Sep 30, 2025 | -87.39% |
| Jun 30, 2025 | -109.76% |
| Mar 31, 2025 | -875.98% |
| Dec 31, 2024 | -1,065.92% |
| Sep 30, 2024 | -2,625.97% |
| Jun 30, 2024 | -468.00% |
| Mar 31, 2024 | -272.55% |
| Dec 31, 2023 | -153.93% |
| Sep 30, 2023 | -241.53% |
| Jun 30, 2023 | -266.97% |
| Mar 31, 2023 | -236.29% |
| Dec 31, 2022 | -270.57% |
| Mar 31, 2022 | -102.91% |
| Dec 31, 2021 | -126.08% |
| Sep 30, 2021 | -68.98% |
| Jun 30, 2021 | -36.75% |
| Mar 31, 2021 | -45.92% |
API Access
TMC the metals Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=TMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=TMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();