TMC the metals (TMC) Share-based Compensation (2020 - 2025)
TMC the metals' Share-based Compensation came in at $34.41 million for Q4 2025, up 456.4% from $6.18 million a year earlier but down 19.9% from the prior quarter.
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Analysis
TMC the metals (TMC) Share-based Compensation (2020 - 2025) Analysis & Trends
For FY2025, TMC the metals' Share-based Compensation was $96.67 million, up 281.9% from FY2024.
- Share-based Compensation carries a five-year compound annual growth rate of 29.0% (FY2020 to FY2025).
- Going back by year, Share-based Compensation was $25.31 million in FY2024 (+104.8%), $12.36 million in FY2023 (-38.4%), $20.08 million in FY2022 (-73.1%) and $74.57 million in FY2021 (+175.2%).
- The five-year range for quarterly Share-based Compensation is $2.53 million (Q2 2023) to $43.21 million (Q1 2021).
- Year-over-year, Share-based Compensation has increased for eight consecutive quarters, with growth averaging 200.4% over the last eight quarters.
- The fastest year-over-year change in Share-based Compensation over five years came in Q3 2025 (growth of 580.7%), and the weakest in Q1 2022 (a decline of 85.2%).
- Business Quant data shows TMC's Share-based Compensation at $42.97 million (Q3 2025), $8.92 million (Q2 2025) and $10.38 million (Q1 2025) in the three quarters before Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | - |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | - |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | - |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 35.00 Mn |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | 11.70 Mn |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | - |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 61.00 Mn |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | - |
| 10 | TMC the metals | 1.69 Bn | 1.25 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 34.41 Mn |
| Sep 30, 2025 | 42.97 Mn |
| Jun 30, 2025 | 8.92 Mn |
| Mar 31, 2025 | 10.38 Mn |
| Dec 31, 2024 | 6.18 Mn |
| Sep 30, 2024 | 6.31 Mn |
| Jun 30, 2024 | 5.92 Mn |
| Mar 31, 2024 | 6.90 Mn |
| Dec 31, 2023 | 2.65 Mn |
| Sep 30, 2023 | 2.53 Mn |
| Jun 30, 2023 | 2.53 Mn |
| Mar 31, 2023 | 4.65 Mn |
| Dec 31, 2022 | 3.78 Mn |
| Sep 30, 2022 | 3.55 Mn |
| Jun 30, 2022 | 6.35 Mn |
| Mar 31, 2022 | 6.39 Mn |
| Dec 31, 2021 | 5.21 Mn |
| Sep 30, 2021 | 10.76 Mn |
| Jun 30, 2021 | 15.39 Mn |
| Mar 31, 2021 | 43.21 Mn |
API Access
TMC the metals Share-based Compensation 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=share-based-compensation&ticker=TMC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "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=share-based-compensation&ticker=TMC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();