TMC the metals (TMCWW) Enterprise Value (2019 - 2025)
TMC the metals (TMCWW) reported Enterprise Value of -$117.6 million for Q4 2025, down 3280.26% on a YoY basis from $3.7 million in Q4 2024, and down 1.72% quarter-over-quarter from -$115.6 million in Q3 2025.
TMC the metals (TMCWW) Enterprise Value (2019 - 2025) Analysis & Trends
TMC the metals has reported Enterprise Value for 7 years, with the latest figure at -$117.6 million in Q4 2025.
- For the quarter ending Q4 2025, Enterprise Value fell 3280.26% year-over-year to -$117.6 million; the trailing twelve-month figure through Dec 2025 stood at -$117.6 million (down 3280.26% YoY), and the FY2025 full-year result was -$117.6 million, down 3280.26% from the prior year.
- Enterprise Value for Q4 2025 stood at -$117.6 million, down from -$115.6 million in the prior quarter.
- The five-year high for Enterprise Value was -$293323.0 in Q2 2021, with the low at -$117.6 million in Q4 2025.
- Historically, Enterprise Value has averaged -$43.1 million across 5 years, with a median of -$22.5 million in 2023.
- Annual changes were most pronounced in 2024 — Enterprise Value surged 98.4% — and 2025, when it slumped 32024.44%.
- TMC the metals' Enterprise Value stood at -$84.9 million in 2021, then surged by 44.77% to -$46.9 million in 2022, then jumped by 85.4% to -$6.8 million in 2023, then soared by 49.14% to -$3.5 million in 2024, then tumbled by 3280.26% to -$117.6 million in 2025.
- The last three Enterprise Value figures came in at -$117.6 million (Q4 2025), -$115.6 million (Q3 2025), and -$115.8 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Elevra Lithium | 556.97 Bn | 556.92 Bn | - | -45.66 Mn |
| 2 | Bhp | 421.29 Bn | 411.77 Bn | - | -9.52 Bn |
| 3 | Skeena Resources | 17.36 Bn | 17.34 Bn | - | -18.63 Mn |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | -17.86 Mn |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | -2.59 Bn |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | -54.81 Mn |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | -16.19 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 | -131.60 Mn |
| 10 | TMC the metals | - | - | - | -117.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -117.63 Mn |
| Sep 30, 2025 | -115.65 Mn |
| Jun 30, 2025 | -115.76 Mn |
| Mar 31, 2025 | -2.35 Mn |
| Dec 31, 2024 | -3.48 Mn |
| Sep 30, 2024 | -360,000.00 |
| Jun 30, 2024 | -474,000.00 |
| Mar 31, 2024 | -3.99 Mn |
| Dec 31, 2023 | -6.84 Mn |
| Sep 30, 2023 | -22.55 Mn |
| Jun 30, 2023 | -20.01 Mn |
| Mar 31, 2023 | -28.39 Mn |
| Dec 31, 2022 | -46.88 Mn |
| Sep 30, 2022 | -66.87 Mn |
| Mar 31, 2022 | -69.05 Mn |
| Dec 31, 2021 | -84.87 Mn |
| Sep 30, 2021 | -112.64 Mn |
| Jun 30, 2021 | -293,323.00 |
| Mar 31, 2021 | -1.17 Mn |
| Dec 31, 2020 | -10.10 Mn |