TMC the metals (TMCWW) Equity Average (2020 - 2025)
TMC the metals (TMCWW) reported Equity Average of -$37.0 million for Q4 2025, down 91.95% on a YoY basis from -$459.9 million in Q4 2024, and down 279.62% quarter-over-quarter from $20.6 million in Q3 2025.
TMC the metals (TMCWW) Equity Average (2020 - 2025) Analysis & Trends
TMC the metals has reported Equity Average for 6 years, with the latest figure at -$37.0 million in Q4 2025.
- For the quarter ending Q4 2025, Equity Average fell 91.95% year-over-year to -$37.0 million; the trailing twelve-month figure through Dec 2025 stood at -$37.0 million (down 91.95% YoY), and the FY2025 full-year result was -$25.3 million, down 715.5% from the prior year.
- Equity Average for Q4 2025 stood at -$37.0 million, down from $20.6 million in the prior quarter.
- The five-year high for Equity Average was $99.7 million in Q4 2021, with the low at -$37.0 million in Q4 2025.
- Historically, Equity Average has averaged $30.8 million across 5 years, with a median of $31.7 million in 2021.
- The largest YoY upside for Equity Average was 934.86% in 2025 against a maximum downside of 366.22% in 2025.
- TMC the metals' Equity Average stood at $99.7 million in 2021, then slumped by 39.54% to $60.3 million in 2022, then tumbled by 56.43% to $26.3 million in 2023, then plunged by 173.46% to -$19.3 million in 2024, then slumped by 91.95% to -$37.0 million in 2025.
- The last three Equity Average figures came in at -$37.0 million (Q4 2025), $20.6 million (Q3 2025), and $32.5 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Elevra Lithium | 556.97 Bn | 556.92 Bn | - | 353.70 Mn |
| 2 | Bhp | 421.29 Bn | 411.77 Bn | - | - |
| 3 | Skeena Resources | 17.36 Bn | 17.34 Bn | - | 122.80 Mn |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | 230.26 Mn |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | 1.97 Bn |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | 100.32 Mn |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 950.12 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 | - |
| 10 | TMC the metals | - | - | - | -37.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -37.03 Mn |
| Sep 30, 2025 | 20.62 Mn |
| Jun 30, 2025 | 32.55 Mn |
| Mar 31, 2025 | -16.94 Mn |
| Dec 31, 2024 | -19.29 Mn |
| Sep 30, 2024 | -15.54 Mn |
| Jun 30, 2024 | -3.90 Mn |
| Mar 31, 2024 | 6.36 Mn |
| Dec 31, 2023 | 26.26 Mn |
| Sep 30, 2023 | 35.96 Mn |
| Jun 30, 2023 | 36.05 Mn |
| Mar 31, 2023 | 41.65 Mn |
| Dec 31, 2022 | 60.28 Mn |
| Sep 30, 2022 | 76.36 Mn |
| Jun 30, 2022 | 76.70 Mn |
| Mar 31, 2022 | 86.24 Mn |
| Dec 31, 2021 | 99.71 Mn |
| Sep 30, 2021 | 59.87 Mn |
| Jun 30, 2021 | 19.35 Mn |
| Mar 31, 2021 | 30.94 Mn |