TMC the metals (TMCWW) Equity Ratio (2019 - 2025)
TMC the metals (TMCWW) reported Equity Ratio of 0.18 for Q4 2025, up 32.24% on a YoY basis from 0.14 in Q4 2024, and up 20.4% quarter-over-quarter from 0.23 in Q3 2025.
TMC the metals (TMCWW) Equity Ratio (2019 - 2025) Analysis & Trends
TMC the metals has reported Equity Ratio for 7 years, with the latest figure at 0.18 in Q4 2025.
- For the quarter ending Q4 2025, Equity Ratio rose 32.24% year-over-year to 0.18; the trailing twelve-month figure through Dec 2025 stood at 0.18 (up 32.24% YoY), and the FY2025 full-year result was 0.18, up 32.24% from the prior year.
- Equity Ratio for Q4 2025 stood at 0.18, up from 0.23 in the prior quarter.
- The five-year high for Equity Ratio was 0.7 in Q4 2021, with the low at 0.35 in Q3 2024.
- Historically, Equity Ratio has averaged 0.2 across 5 years, with a median of 0.16 in 2023.
- Annual changes were most pronounced in 2022 — Equity Ratio surged 703.34% — and 2025, when it sank 1040.23%.
- TMC the metals' Equity Ratio stood at 0.7 in 2021, then sank by 37.15% to 0.44 in 2022, then sank by 63.81% to 0.16 in 2023, then slumped by 271.47% to 0.27 in 2024, then jumped by 32.24% to 0.18 in 2025.
- The last three Equity Ratio figures came in at 0.18 (Q4 2025), 0.23 (Q3 2025), and 0.47 (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Elevra Lithium | 556.97 Bn | 556.92 Bn | - | 0.64 |
| 2 | Bhp | 421.29 Bn | 411.77 Bn | - | - |
| 3 | Skeena Resources | 17.36 Bn | 17.34 Bn | - | 0.16 |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | 0.99 |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | 0.51 |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | 0.84 |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 0.51 |
| 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 | - | - | - | -0.18 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -0.18 |
| Sep 30, 2025 | -0.23 |
| Jun 30, 2025 | 0.47 |
| Mar 31, 2025 | -0.26 |
| Dec 31, 2024 | -0.27 |
| Sep 30, 2024 | -0.35 |
| Jun 30, 2024 | -0.16 |
| Mar 31, 2024 | 0.03 |
| Dec 31, 2023 | 0.16 |
| Sep 30, 2023 | 0.47 |
| Jun 30, 2023 | 0.40 |
| Mar 31, 2023 | 0.49 |
| Dec 31, 2022 | 0.44 |
| Sep 30, 2022 | 0.67 |
| Mar 31, 2022 | 0.68 |
| Dec 31, 2021 | 0.70 |
| Sep 30, 2021 | 0.68 |
| Jun 30, 2021 | 0.04 |
| Mar 31, 2021 | 0.09 |
| Dec 31, 2020 | 0.66 |